- --------------------------------------------------------------------------------
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)
May 27, 1998
AMRESCO Residential Securities Corporation
(Exact name of registrant as specified in its charter)
Delaware 333-30759-03 75-2620414
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
700 North Pearl Street
Suite 2400, LB #342
Dallas, Texas 75201-7424
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (214) 953-7700
No Change
(Former name or former address, if changed since last report)
- --------------------------------------------------------------------------------
<PAGE>
Item 5. Other Events.
In connection with the offering of AMRESCO Residential Securities
Corporation Mortgage Loan Pass-Through Certificates, Series 1998-2, described in
a Prospectus Supplement dated as of May 1998, certain term sheets and
"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 and ABS Term Sheets of Prudential Securities
Incorporated relating to the Offered Certificates.
99.2 Computational Materials and ABS Term Sheets of Credit Suisse First
Boston relating to the Offered Certificates.
99.3 Computational Materials and ABS Term Sheets of Deutsche Morgan
Grenfell relating to the Offered Certificates.
99.4 Computational Materials and ABS Term Sheets of Morgan Stanley Dean
Witter 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: May 29, 1998
<PAGE>
EXHIBIT INDEX
Exhibit No. Description Page No.
99.1 Computational Materials and ABS Term Sheets of
Prudential Securities Incorporated relating to
the Offered Certificates. _______
99.2 Computational Materials and ABS Term Sheets of
Credit Suisse First Boston relating to the
Offered Certificates. _______
99.3 Computational Materials and ABS Term Sheets of
Deutsche Morgan Grenfell relating to the Offered
Certificates. _______
99.4 Computational Materials and ABS Term Sheets of
Morgan Stanley Dean Witter relating to the Offered
Certificates. _______
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
$ [1,000,000,000]
AMRESCO 1998-2
---------------------------------------------
$[116,000,000] Class A-1 Fixed-Rate Certificates - [TBD%]
$ [61,000,000] Class A-2 Fixed-Rate Certificates - [TBD%]
$ [36,000,000] Class A-3 Fixed-Rate Certificates - [TBD%]
$ [37,000,000] Class A-4 Fixed-Rate Certificates - [TBD%]
$ [16,000,000] Class A-5 Fixed-Rate Certificates - [TBD%]
$ [35,000,000] Class A-6 Fixed-Rate Certificates - [TBD%]
$[150,000,000] Class A-7 Adjustable-Rate Certificates - [TBD + 1M LIBOR]
$[376,500,000] Class A-8 Adjustable-Rate Certificates - [TBD + 1M LIBOR]
$ [19,250,000] Class M-1F Fixed-Rate Certificates - [TBD%]
$ [52,000,000] Class M-1A Adjustable-Rate Certificates - [TBD + 1M LIBOR]
$ [15,750,000] Class M-2F Fixed-Rate Certificates - [TBD%]
$ [39,000,000] Class M-2A Adjustable-Rate Certificates - [TBD + 1M LIBOR]
$ [14,000,000] Class B-1F Fixed-Rate Certificates - [TBD%]
$ [32,500,000] Class B-1A Adjustable-Rate Certificates - [TBD + 1M LIBOR]
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
consummated 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 1998-2 Offered Certificates
ALL CERTIFICATES
----------------
Title of Securities: AMRESCO Residential Securities Corporation Mortgage
Loan Trust 1998-2
Fixed-Rate
Certificates: Class A-1 through Class A-6 (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")
Adjustable-Rate
Certificates: Class A-7 and Class A-8 (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") The Adjustable-Rate
Certificates and Fixed-Rate Certificates being
collectively referred to as the "Certificates".
Collateral: Fixed and adjustable rate home equity mortgage loans,
respectively referred to as the "Fixed-Rate Loans" and
the "Adjustable-Rate Loans," together, referred to as
the "Mortgage Loans".
Depositor: AMRESCO Residential Securities Corporation
Seller: AMRESCO Residential Capital Markets, Inc.
Master Servicer: AMRESCO Residential Capital Markets, Inc.
Servicers: Ameriquest Mortgage Company, Wendover Financial
Services 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.
Servicing Fee: [50] bps per annum
Trustee: Norwest Bank Minnesota, N.A.
Pricing Date: [May 28, 1998]
Settlement Date: [June 11, 1998]
Certificate Ratings:
<TABLE>
<CAPTION>
---------Fixed-Rate Certificates--------- ---------Adjustable-Rate Certificates---------
Moody's Fitch [Duff] Moody's Fitch [Duff]
------ ------ ----- ------- ------ ------
<S> <C> <C> <C> <C> <C> <C>
Class A Aaa AAA [AAA] Aaa AAA [AAA]
Class M-1 Aa2 AA [AA] Aa2 AA [AA]
Class M-2 A2 A [A] A2 A [A]
Class B Baa3 BBB [BBB] Baa3 BBB- [BBB]
</TABLE>
10% Auction Call: The Trustee shall solicit bids for the purchase of
mortgage loans remaining in a Mortgage Loan Group when
the outstanding Certificate Balance of the related
group equals 10% or less of the original principal
balance of the Certificates in the related group. This
call can be exercised at no less than par plus accrued
interest. If the auction is not successful, the
Servicers will have the right to purchase the Mortgage
Loans in a Mortgage Loan Group when the outstanding
Certificate Balance of the related group has declined
to 5% of original, again, at no less than par plus
accrued interest.
Note: the Fixed-Rate and Adjustable-Rate Certificates
each has it own separate Auction Call.
ERISA Consideration: The Fixed-Rate Senior Certificates and the
Adjustable-Rate Senior Certificates will be ERISA
eligible. However, investors should consult with their
counsel with respect to the consequences under ERISA
and the Internal Revenue Code of the Plan's acquisition
and ownership of such Certificates.
SMMEA Considerations: Only the Class A-7, Class A-8 and Class M-1A
Certificates will be SMMEA eligible. The remaining
Offered Certificates will NOT be SMMEA eligible.
Taxation: REMIC elections.
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 consummated unless the purchaser has received
the Prospectus.
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 1998-2 Offered Certificates
ALL CERTIFICATES (Cont.)
------------------------
Initial Class Sizes: Fixed-Rate Certificates Adjustable-Rate Certificates
-------- --------
Class A - [86.00%] Class A - [81.00%]
Class M-1 - [5.50%] Class M-1 - [8.00%]
Class M-2 - [4.50%] Class M-2 - [6.00%]
Class B - [4.00%] Class B - [5.00%]
O/C - [0 to 1.75%] O/C - [0 to 2.40%]
Subordinate IO: The Certificates will include separate Subordinate IO
strips off of the Fixed-Rate Loan group and the
Adjustable-Rate Loan group which are not offered
hereby. The Fixed-Rate Loan group Subordinate IO pays a
15% coupon for the first 24 months based on its
notional principal balance (defined as the sum of the
Class M-1F outstanding principal balance and the Class
M-2F outstanding principal balance). The Adjustable-
Rate Loan group Subordinate IO pays a 7.5% coupon for
the first 24 months based on its notional principal
balance ([defined as (i) for the first month, the Class
B-1A outstanding principal balance and (ii) for months
2 through 24, the sum of the Class M-2A outstanding
principal balance and the Class B-1A outstanding
principal balance]).
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
Overcollateralization
Targets: 1. Before the Stepdown Date, overcollateralization
builds to [1.75%] and [2.40%] of the original loan
balance of the Fixed-Rate and Adjustable-Rate Loan
groups, respectively.
2. On and after the Stepdown Date,
overcollateralization is maintained at [3.50%] and
[4.80%] of the outstanding loan balance of the
Fixed-Rate and Adjustable-Rate Loan groups,
respectively (subject to performance triggers).
3. The overcollateralization amount is subject to a
floor of [0.50%] of the original loan balance for
both loan groups.
Interest Cashflow
Priority: Interest Collections (net of Servicing) will generally
be allocated in the following priority:
Fixed Rate Cashflows
1. Trustee fee
2. Class A-1-through Class A-6 current interest plus
unpaid interest shortfalls
3. M-1F current interest
4. M-2F current interest
5. B-1F current interest
6. Fixed-Rate Subordinate IO current interest
7. Build fixed-rate overcollateralization to the target
level
8. Unpaid interest shortfalls and reimbursements of
principal writedowns on Class M-1F, Class M-2F and
Class B-1F.
9. To the Adjustable-Rate Loan group in the order of
items 7 and 8, if necessary
Floating Rate Cashflows
1. Trustee Fee
2. Class A-7 and Class A-8 current interest plus unpaid
interest shortfalls
3. M-1A current interest
4. M-2A current interest
5. B-1A current interest
6. Adjustable-Rate Subordinate IO current interest
7. Build adjustable-rate overcollateralization to the
target level
8. Unpaid interest shortfalls and reimbursements of
principal writedowns on Class M-1A, Class M-2A and
Class B-1A
9. To the Fixed-Rate Loan group in the order of items 7
and 8, if necessary
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 1998-2 Offered Certificates
ALL CERTIFICATES (Cont.)
------------------------
Principal Cashflow
Priority: Collections of Principal before the Stepdown Date, or
if a Trigger Event exists, will be allocated in the
following priority:
Fixed-Rate Cashflows
1. Pay A-6 according to the following Lockout
Percentage:
July 1998 - June 2001 0%
July 2001 - June 2003 45%
July 2003 - June 2004 80%
July 2004 - June 2005 100%
July 2005 and thereafter 300%
2. Pay Classes A-1 through A-6 sequentially
3. Pay Classes M-1F, M-2F and B-1F sequentially
Floating-Rate Cashflows
1. Until the Class A-7 Certificate balance is
reduced to zero, collections of principal with
respect to the Adjustable-Rate Loan group will be
distributed to the Class A-7 and Class A-8
Certificates as follows; (i) 50% to the Class A-7
Certificates and (ii) 50% to the Class A-8
Certificates.
2. After the Class A-7 Certificate balance is
reduced to zero, all collections of principal
with respect to the Adjustable-Rate Loan group
will be distributed to the Class A-8 Certificates
until the Class A-8 Certificate balance is
reduced to zero.
3. Pay Classes M-1A, M-2A and B-1A sequentially.
Collections of Principal on and after the Stepdown
date, (assuming no Trigger Event is in effect) will be
allocated in the following priority:
Fixed Rate-Cashflows
Pay Fixed-Rate Class A, Class M-1F, Class M-2F, and
Class B-1F concurrently in accordance with
enhancement targets, equal to 2.0 times the initial
enhancement for each class:
Targeted % Targeted Credit
of Pool Enhancement
Class A [68.5%] [31.5%]
Class M-1F [11.0] [20.5]
Class M-2F [9.0] [11.5]
Class B-1F [8.0] [3.5]
Overcollateralization [3.5]
Floating-Rate Cashflows
Pay Class A-7 and Class A-8 (according to Class A-7
and Class A-8 distribution percentages described
above), M-1A, M-2A, and B-1A concurrently in
accordance with enhancement targets equal to 2.0
times the initial enhancement for each class:
Targeted % Targeted Credit
of Pool Enhancement
Class A [57.2%] [42.8%]
Class M-1A [16.0%] [26.8%]
Class M-2A [12.0%] [14.8%]
Class B-1A [10.0%] [4.8%]
Overcollateralization [4.8%]
Fixed-Rate Certificates Senior Specified Enhancement Percentage: [31.50%]
Adjustable-Rate Certificates Senior Specified Enhancement Percentage: [42.80%]
Stepdown Date: With respect to a loan group, the later of: (x) the
37th Payment Date (July 2001) and (y) the first payment
date on which the Senior Enhancemnent Percentage is
greater than or equal to the related the Senior
Specified Enhancement Percentage.
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.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
ALL CERTIFICATES (Cont.)
------------------------
Trigger Event: Occurs with respect to a loan group when 60+ day
delinquency percentage is greater than (x) 50% of the
senior enhancement percentage for the Fixed-Rate Loan
group or (y) 40% of the senior enhancement percentage
for the Adjustable-Rate Loan group.
Subordinate Trigger
Event: Occurs with respect to a loan group if both:
I. Realized losses exceed: Fixed ARMs
July 1998 - June 2000 [1.26%] [1.75%]
July 2000 - June 2001 [1.50%] [2.10%]
July 2001 - June 2002 [2.60%] [3.50%]
July 2002 - June 2003 [3.30%] [4.40%]
July 2003 - June 2004 [3.50%] [4.80%]
July 2004 - June 2005 [3.50%] [5.20%]
July 2005 - June 2006 [3.50%] [5.60%]
II. 60+ day delinquencies exceed:
July 2000 - June 2002 [4.00%] [4.00%]
July 2002 - June 2004 [5.50%] [5.50%]
July 2004 - June 2006 [8.00%] [8.00%]
If a Subordinate Trigger Event occurs,
overcollateralization is not released and the excess
cashflow attributable is paid to the related
subordinated classes in reverse order of seniority.
Further Information: Call the desk at (212)778-2741, Lina Hsu at
(212)778-1451, Mike Corddry at (212)778-2840, Brendan
Keane at (212)778-4231, Mike Mattera at (212)778-4459,
Hiram Hamilton (212)778-6399 with any questions.
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.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
- --------------------------------------------------------------------------------
FIXED-RATE CERTIFICATES
Collateral: Fixed-Rate, First and Second Lien Mortgage Loans.
Approximate Group Size: [350,000,000]
<TABLE>
<CAPTION>
Class A-1 Class A-2 Class A-3 Class A-4 Class A-5** Class A-6
--------- --------- --------- --------- --------- --------
<S> <C> <C> <C> <C> <C> <C>
Approximate Face Amount: [ 116,000,000 61,000,000 36,000,000 37,000,000 16,000,000 35,000,000 ]
Avg Life to 10% Call Date: [ 0.8 years 2.0 years 3.0 years 5.1 years 8.0 years 6.5 years ]
Avg. Life to Maturity (app.) [ 0.8 years 2.0 years 3.0 years 5.1 years 12.1 years 6.7 years ]
Pass-Through Rate: [ TBD TBD TBD TBD TBD* TBD ]%
Price [ TBD TBD TBD TBD TBD TBD ]
Spread: Pricing Speed: [ 24 HEP 24 HEP 24 HEP 24 HEP 24 HEP 24 HEP ]
Yield to maturity (CBE): [ TBD TBD TBD TBD TBD TBD ]%
Day Count: [ 30/360 30/360 30/360 30/360 30/360 30/360 ]
Expected Maturity To Call: [ 12/25/99 12/25/00 03/25/02 05/25/06 05/25/06 05/25/06 ]
(at pricing speed)
Expected Maturity: [ 12/25/99 12/25/00 03/25/02 01/25/07 12/25/15 10/25/15 ]
(at pricing speed)
Stated Maturity: [ 12/25/15 05/25/22 02/25/25 04/25/27 03/25/28 12/25/27 ]
</TABLE>
Class M-1F Class M-2F Class B-1F
-------- ---------- ----------
Approximate Face Amount: [ 19,250,000 15,750,000 14,000,000 ]
Avg Life to 10% Call Date: [ 5.4 years 5.4 years 5.4 years ]
Avg. Life to Maturity (app.) [ 6.0 years 5.9 years 5.6 years ]
Pass-Through Rate: [ TBD* TBD* TBD* ]%
Price: [ TBD TBD TBD ]
Spread: [ TBD TBD TBD ]%
Pricing Speed [ 24 HEP 24 HEP 24 HEP ]
Yield to Maturity (CBE): [ TBD TBD TBD ]%
Day Count: [ 30/360 30/360 30/360 ]
Expected Maturity To Call: [ 05/25/06 05/25/06 05/25/06 ]
(at pricing speed)
Expected Maturity: [ 07/25/12 03/25/11 05/25/09 ]
(at pricing speed)
Stated Maturity: [ 03/25/28 03/25/28 03/25/28 ]
* [Pass-through rate may be subject to the Fixed-Rate Available Funds Cap]
** If an Auction Sale is not successful the coupon on the A-5 Class will
increase by 50%.
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 1998-2 Offered Certificates
FIXED-RATE CERTIFICATES (Cont.)
Fixed-Rate
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 Fixed-Rate
Loans for such Payment Date.
Pre-Funding Account: On the closing date, approximately [$52.5] million will
be deposited in a pre-funding account for the purchase
of additional fixed rate mortgage loans. From the
closing date until [August],1998, 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 with respect
to the Fixed-Rate loan group will be distributed
sequentially to the Class A-1, A-2, A-3, A-4, A-5 and
A-6 Certificateholders as prepayments based on the cash
flow priority on the [September 25], 1998 Payment Date.
Payment Date: The 25th day of each month or, if such day is not a
business day, the next succeeding business day,
beginning on [July 25], 1998.
Payment Delay: 24 days for the Fixed-Rate Certificates.
Coupon Step-Up at
10% Auction Call: If an Auction Sale is not successful the coupon on the
A-5 Class will increase by .50%.
Interest Accrual
Period: For the Fixed-Rate Certificates, interest will accrue
from the 1st day of the preceding 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 1998-2 Offered Certificates
- --------------------------------------------------------------------------------
ADJUSTABLE-RATE CERTIFICATES
Collateral: Adjustable-Rate, First Lien Mortgage Loans.
Approximate Group Size: [$650,000,000]
<TABLE>
<CAPTION>
Class A-7 Class A-8 Class M-1A Class M-2A Class B-1A
--------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C>
Approximate Face Amount: [ 150,000,000 376,500,000 52,000,000 39,000,000 32,500,000 ]
Avg Life to 10% Auction Call [ 0.9 years 2.8 years 5.0 years 4.9 years 4.8 years ]
Avg. Life to Maturity (app.) [ 0.9 years 3.1 years 5.5 years 5.4 years 5.1 years ]
Pass-Through Rate:* [ TBD TBD TBD TBD TBD ]%
Price [ TBD TBD TBD TBD TBD ]
Pricing Speed [ 27 CPR 27 CPR 27 CPR 27 CPR 27 CPR ]
Day Count: [ ACT/360 ACT/360 ACT/360 ACT/360 ACT/360 ]
Expected Maturity To Call: [ 04/25/00 07/25/05 07/25/05 07/25/05 07/25/05 ]
(at pricing speed)
Expected Maturity: [ 04/25/00 08/25/14 02/25/12 10/25/10 12/25/08 ]
(at pricing speed)
[ 06/25/20 06/25/28 06/25/28 06/25/28 06/25/28 ]
</TABLE>
Stated Maturity:
* Pass-through rate for the Adjustable-Rate Certificates is subject to the
Adjustable-Rate Available Funds Cap with shortfall reimbursement.
** For Class A-8, 1M LIBOR + 2 x Spread; and for Classes 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 Adjustable-Rate Available Funds Cap.
Adjustable-Rate
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 Adjustable-Rate
Loans for such Payment Date.
Pre-Funding Account: On the closing date, approximately [$97.5 million] will
be deposited in a pre-funding account for the purchase
of additional adjustable rate mortgage loans. From the
closing date until [August], 1998, 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-7 and Class A-8
Certificateholders as prepayments on the [September
25], 1998 Payment Date.
Coupon Step-Up at 10%
Auction Call: If the Auction Sale is not successful, the coupon on
the Class A-8 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 Adjustable-Rate Available Funds Cap.
Payment Date: The 25th day of each month or, if such day is not a
business day, the next succeeding business day,
beginning on [July 25], 1998.
Interest Accrual Period: Interest will accrue from the 25th day of the preceding
month ([June 11], for the first accrual period) until
the 24th day of the current month (from Payment Date to
Payment Date).
Interest and Payment
Adjustments: 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.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
AVAILABLE FUNDS CAP:
PERIODS DATE COUPON PERIODS DATE COUPON
- -------- -------- ------- -------- -------- -------
1 07/01/98 9.337 49 07/01/02 10.976
2 08/01/98 9.613 50 08/01/02 10.976
3 09/01/98 9.612 51 09/01/02 10.976
4 10/01/98 9.663 52 10/01/02 10.976
5 11/01/98 9.663 53 11/01/02 10.976
6 12/01/98 9.849 54 12/01/02 10.976
7 01/01/99 10.098 55 01/01/03 10.976
8 02/01/99 10.163 56 02/01/03 10.976
9 03/01/99 10.209 57 03/01/03 10.976
10 04/01/99 10.215 58 04/01/03 10.976
11 05/01/99 10.215 59 05/01/03 10.976
12 06/01/99 10.400 60 06/01/03 10.976
13 07/01/99 10.523 61 07/01/03 10.976
14 08/01/99 10.558 62 08/01/03 10.976
15 09/01/99 10.581 63 09/01/03 10.976
16 10/01/99 10.581 64 10/01/03 10.976
17 11/01/99 10.664 65 11/01/03 10.976
18 12/01/99 10.716 66 12/01/03 10.976
19 01/01/00 10.732 67 01/01/04 10.976
20 02/01/00 10.819 68 02/01/04 10.976
21 03/01/00 10.819 69 03/01/04 10.976
22 04/01/00 10.834 70 04/01/04 10.976
23 05/01/00 10.834 71 05/01/04 10.977
24 06/01/00 10.889 72 06/01/04 10.977
25 07/01/00 10.889
26 08/01/00 10.932
27 09/01/00 10.932
28 10/01/00 10.937
29 11/01/00 10.937
30 12/01/00 10.970
31 01/01/01 10.970
32 02/01/01 10.976
33 03/01/01 10.976
34 04/01/01 10.976
35 05/01/01 10.976
36 06/01/01 10.976
37 07/01/01 10.976
38 08/01/01 10.976
39 09/01/01 10.976
40 10/01/01 10.976
41 11/01/01 10.976
42 12/01/01 10.976
43 01/01/02 10.976
44 02/01/02 10.976
45 03/01/02 10.976
46 04/01/02 10.976
47 05/01/02 10.976
48 06/01/02 10.976
* Computed on a 30/360 day basis, by subtracting the applicable service fee from
the available collateral coupon assuming a constant 6M LIBOR.
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>
CURRENT BALANCE: $116,000,000.00 DATED DATE: 06/01/98
COUPON: 6.580% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $116,000,000.00 BOND A1 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.423 6.473 6.456 6.439 6.407 6.392 6.377 6.362
99-24+ 6.402 6.456 6.438 6.420 6.385 6.368 6.352 6.336
99-25 6.382 6.440 6.420 6.401 6.363 6.345 6.328 6.310
99-25+ 6.361 6.423 6.402 6.381 6.341 6.322 6.303 6.285
99-26 6.340 6.407 6.384 6.362 6.319 6.299 6.279 6.259
99-26+ 6.320 6.390 6.366 6.343 6.297 6.276 6.254 6.233
99-27 6.299 6.374 6.349 6.324 6.275 6.252 6.230 6.208
99-27+ 6.279 6.358 6.331 6.304 6.254 6.229 6.206 6.182
99-28 6.258 6.341 6.313 6.285 6.232 6.206 6.181 6.156
99-28+ 6.238 6.325 6.295 6.266 6.210 6.183 6.157 6.131
99-29 6.217 6.308 6.277 6.247 6.188 6.160 6.132 6.105
99-29+ 6.196 6.292 6.259 6.227 6.166 6.137 6.108 6.080
99-30 6.176 6.275 6.241 6.208 6.144 6.114 6.084 6.054
99-30+ 6.155 6.259 6.224 6.189 6.122 6.091 6.059 6.028
99-31 6.135 6.243 6.206 6.170 6.101 6.067 6.035 6.003
99-31+ 6.114 6.226 6.188 6.151 6.079 6.044 6.011 5.977
100-00 6.094 6.210 6.170 6.131 6.057 6.021 5.986 5.952
100-00+ 6.073 6.193 6.152 6.112 6.035 5.998 5.962 5.926
100-01 6.053 6.177 6.135 6.093 6.013 5.975 5.938 5.900
100-01+ 6.032 6.161 6.117 6.074 5.991 5.952 5.913 5.875
100-02 6.012 6.144 6.099 6.055 5.970 5.929 5.889 5.849
100-02+ 5.991 6.128 6.081 6.036 5.948 5.906 5.865 5.824
100-03 5.971 6.112 6.064 6.016 5.926 5.883 5.840 5.798
100-03+ 5.950 6.095 6.046 5.997 5.904 5.860 5.816 5.773
100-04 5.930 6.079 6.028 5.978 5.882 5.837 5.792 5.747
100-04+ 5.909 6.063 6.010 5.959 5.861 5.814 5.768 5.722
100-05 5.889 6.046 5.992 5.940 5.839 5.791 5.743 5.696
100-05+ 5.868 6.030 5.975 5.921 5.817 5.768 5.719 5.671
100-06 5.848 6.013 5.957 5.902 5.795 5.745 5.695 5.645
100-06+ 5.828 5.997 5.939 5.883 5.774 5.722 5.671 5.620
100-07 5.807 5.981 5.921 5.863 5.752 5.699 5.646 5.594
100-07+ 5.787 5.964 5.904 5.844 5.730 5.676 5.622 5.569
First Payment 0.122 0.122 0.122 0.122 0.122 0.122 0.122 0.122
Average Life 0.804 1.016 0.932 0.862 0.754 0.711 0.674 0.640
Last Payment 1.539 1.956 1.789 1.622 1.372 1.289 1.206 1.122
</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.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $61,000,000.00 DATED DATE: 06/01/98
COUPON: 6.285% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $61,000,000.00 BOND A2 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.276 6.297 6.290 6.283 6.269 6.262 6.255 6.247
99-24+ 6.268 6.291 6.283 6.275 6.260 6.252 6.244 6.236
99-25 6.259 6.284 6.276 6.267 6.251 6.242 6.234 6.225
99-25+ 6.251 6.278 6.269 6.260 6.241 6.232 6.223 6.214
99-26 6.242 6.271 6.261 6.252 6.232 6.222 6.212 6.203
99-26+ 6.234 6.265 6.254 6.244 6.223 6.213 6.202 6.191
99-27 6.225 6.258 6.247 6.236 6.214 6.203 6.191 6.180
99-27+ 6.217 6.251 6.240 6.228 6.205 6.193 6.181 6.169
99-28 6.208 6.245 6.233 6.220 6.196 6.183 6.170 6.158
99-28+ 6.200 6.238 6.225 6.213 6.186 6.173 6.160 6.147
99-29 6.191 6.232 6.218 6.205 6.177 6.163 6.149 6.136
99-29+ 6.183 6.225 6.211 6.197 6.168 6.154 6.139 6.124
99-30 6.174 6.219 6.204 6.189 6.159 6.144 6.128 6.113
99-30+ 6.166 6.212 6.197 6.181 6.150 6.134 6.118 6.102
99-31 6.157 6.206 6.189 6.173 6.141 6.124 6.107 6.091
99-31+ 6.149 6.199 6.182 6.165 6.131 6.114 6.097 6.080
100-00 6.140 6.193 6.175 6.158 6.122 6.104 6.086 6.069
100-00+ 6.132 6.186 6.168 6.150 6.113 6.095 6.076 6.057
100-01 6.123 6.180 6.161 6.142 6.104 6.085 6.065 6.046
100-01+ 6.115 6.173 6.154 6.134 6.095 6.075 6.055 6.035
100-02 6.106 6.167 6.146 6.126 6.086 6.065 6.045 6.024
100-02+ 6.098 6.160 6.139 6.118 6.077 6.055 6.034 6.013
100-03 6.089 6.153 6.132 6.111 6.067 6.046 6.024 6.002
100-03+ 6.081 6.147 6.125 6.103 6.058 6.036 6.013 5.991
100-04 6.072 6.140 6.118 6.095 6.049 6.026 6.003 5.979
100-04+ 6.064 6.134 6.110 6.087 6.040 6.016 5.992 5.968
100-05 6.055 6.127 6.103 6.079 6.031 6.006 5.982 5.957
100-05+ 6.047 6.121 6.096 6.072 6.022 5.996 5.971 5.946
100-06 6.038 6.114 6.089 6.064 6.013 5.987 5.961 5.935
100-06+ 6.030 6.108 6.082 6.056 6.004 5.977 5.950 5.924
100-07 6.021 6.101 6.075 6.048 5.994 5.967 5.940 5.913
100-07+ 6.013 6.095 6.067 6.040 5.985 5.957 5.929 5.902
First Payment 1.539 1.956 1.789 1.622 1.372 1.289 1.206 1.122
Average Life 2.007 2.664 2.401 2.187 1.853 1.720 1.604 1.503
Last Payment 2.539 3.456 3.039 2.789 2.372 2.206 2.039 1.872
</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.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $36,000,000.00 DATED DATE: 06/01/98
COUPON: 6.300% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $36,000,000.00 BOND A3 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.320 6.337 6.332 6.326 6.313 6.308 6.303 6.297
99-24+ 6.314 6.333 6.327 6.321 6.307 6.301 6.295 6.289
99-25 6.308 6.329 6.322 6.316 6.300 6.294 6.288 6.281
99-25+ 6.302 6.324 6.318 6.311 6.294 6.287 6.280 6.273
99-26 6.297 6.320 6.313 6.305 6.287 6.280 6.273 6.266
99-26+ 6.291 6.316 6.308 6.300 6.281 6.273 6.265 6.258
99-27 6.285 6.312 6.303 6.295 6.274 6.266 6.258 6.250
99-27+ 6.279 6.307 6.299 6.290 6.268 6.259 6.250 6.242
99-28 6.273 6.303 6.294 6.284 6.261 6.252 6.243 6.234
99-28+ 6.267 6.299 6.289 6.279 6.255 6.245 6.236 6.226
99-29 6.262 6.295 6.285 6.274 6.248 6.238 6.228 6.218
99-29+ 6.256 6.290 6.280 6.269 6.242 6.231 6.221 6.210
99-30 6.250 6.286 6.275 6.263 6.235 6.224 6.213 6.202
99-30+ 6.244 6.282 6.270 6.258 6.229 6.217 6.206 6.194
99-31 6.238 6.278 6.266 6.253 6.222 6.210 6.198 6.186
99-31+ 6.232 6.273 6.261 6.248 6.216 6.204 6.191 6.178
100-00 6.227 6.269 6.256 6.242 6.209 6.197 6.184 6.170
100-00+ 6.221 6.265 6.251 6.237 6.203 6.190 6.176 6.163
100-01 6.215 6.261 6.247 6.232 6.196 6.183 6.169 6.155
100-01+ 6.209 6.256 6.242 6.227 6.190 6.176 6.161 6.147
100-02 6.203 6.252 6.237 6.221 6.184 6.169 6.154 6.139
100-02+ 6.198 6.248 6.233 6.216 6.177 6.162 6.146 6.131
100-03 6.192 6.244 6.228 6.211 6.171 6.155 6.139 6.123
100-03+ 6.186 6.239 6.223 6.206 6.164 6.148 6.132 6.115
100-04 6.180 6.235 6.218 6.200 6.158 6.141 6.124 6.107
100-04+ 6.174 6.231 6.214 6.195 6.151 6.134 6.117 6.099
100-05 6.168 6.227 6.209 6.190 6.145 6.127 6.109 6.091
100-05+ 6.163 6.222 6.204 6.185 6.138 6.120 6.102 6.083
100-06 6.157 6.218 6.200 6.179 6.132 6.113 6.095 6.076
100-06+ 6.151 6.214 6.195 6.174 6.125 6.106 6.087 6.068
100-07 6.145 6.210 6.190 6.169 6.119 6.099 6.080 6.060
100-07+ 6.139 6.206 6.185 6.164 6.113 6.093 6.072 6.052
First Payment 2.539 3.456 3.039 2.789 2.372 2.206 2.039 1.872
Average Life 3.019 4.311 3.813 3.395 2.690 2.490 2.316 2.162
Last Payment 3.789 5.372 4.706 4.206 3.039 2.872 2.622 2.456
</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.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $37,000,000.00 DATED DATE: 06/01/98
COUPON: 6.480% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $37,000,000.00 BOND A4 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.525 6.539 6.535 6.530 6.520 6.514 6.507 6.498
99-24+ 6.521 6.536 6.532 6.527 6.516 6.509 6.501 6.492
99-25 6.517 6.534 6.529 6.524 6.512 6.504 6.496 6.486
99-25+ 6.514 6.531 6.526 6.520 6.507 6.500 6.491 6.480
99-26 6.510 6.529 6.523 6.517 6.503 6.495 6.485 6.474
99-26+ 6.506 6.526 6.520 6.514 6.499 6.490 6.480 6.468
99-27 6.502 6.524 6.518 6.511 6.495 6.486 6.475 6.462
99-27+ 6.499 6.521 6.515 6.507 6.491 6.481 6.470 6.456
99-28 6.495 6.518 6.512 6.504 6.487 6.476 6.464 6.450
99-28+ 6.491 6.516 6.509 6.501 6.482 6.471 6.459 6.444
99-29 6.487 6.513 6.506 6.497 6.478 6.467 6.454 6.438
99-29+ 6.484 6.511 6.503 6.494 6.474 6.462 6.448 6.432
99-30 6.480 6.508 6.500 6.491 6.470 6.457 6.443 6.426
99-30+ 6.476 6.506 6.497 6.488 6.466 6.453 6.438 6.420
99-31 6.472 6.503 6.495 6.484 6.462 6.448 6.433 6.414
99-31+ 6.469 6.501 6.492 6.481 6.458 6.443 6.427 6.408
100-00 6.465 6.498 6.489 6.478 6.453 6.439 6.422 6.402
100-00+ 6.461 6.496 6.486 6.475 6.449 6.434 6.417 6.396
100-01 6.458 6.493 6.483 6.471 6.445 6.429 6.411 6.390
100-01+ 6.454 6.491 6.480 6.468 6.441 6.425 6.406 6.384
100-02 6.450 6.488 6.477 6.465 6.437 6.420 6.401 6.378
100-02+ 6.446 6.486 6.475 6.462 6.433 6.415 6.396 6.373
100-03 6.443 6.483 6.472 6.458 6.429 6.411 6.390 6.367
100-03+ 6.439 6.481 6.469 6.455 6.424 6.406 6.385 6.361
100-04 6.435 6.478 6.466 6.452 6.420 6.401 6.380 6.355
100-04+ 6.431 6.475 6.463 6.448 6.416 6.397 6.374 6.349
100-05 6.428 6.473 6.460 6.445 6.412 6.392 6.369 6.343
100-05+ 6.424 6.470 6.457 6.442 6.408 6.387 6.364 6.337
100-06 6.420 6.468 6.454 6.439 6.404 6.383 6.359 6.331
100-06+ 6.417 6.465 6.452 6.435 6.400 6.378 6.353 6.325
100-07 6.413 6.463 6.449 6.432 6.395 6.373 6.348 6.319
100-07+ 6.409 6.460 6.446 6.429 6.391 6.369 6.343 6.313
First Payment 3.789 5.372 4.706 4.206 3.039 2.872 2.622 2.456
Average Life 5.058 8.300 7.052 5.977 4.457 3.883 3.386 2.941
Last Payment 8.622 12.456 11.206 10.039 6.122 5.289 4.706 4.206
</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.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $16,000,000.00 DATED DATE: 06/01/98
COUPON: 6.875% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $16,000,000.00 BOND A5 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 7.074 7.062 7.067 7.073 7.063 7.046 7.018 6.973
99-24+ 7.072 7.060 7.065 7.071 7.061 7.043 7.015 6.970
99-25 7.070 7.059 7.064 7.069 7.059 7.041 7.012 6.966
99-25+ 7.068 7.057 7.062 7.067 7.056 7.038 7.010 6.963
99-26 7.066 7.055 7.060 7.065 7.054 7.036 7.007 6.959
99-26+ 7.064 7.054 7.058 7.063 7.052 7.033 7.004 6.956
99-27 7.062 7.052 7.056 7.061 7.050 7.031 7.001 6.952
99-27+ 7.060 7.050 7.055 7.060 7.048 7.028 6.998 6.949
99-28 7.058 7.049 7.053 7.058 7.046 7.026 6.995 6.946
99-28+ 7.056 7.047 7.051 7.056 7.043 7.023 6.992 6.942
99-29 7.054 7.045 7.049 7.054 7.041 7.021 6.989 6.939
99-29+ 7.052 7.044 7.048 7.052 7.039 7.018 6.987 6.935
99-30 7.050 7.042 7.046 7.050 7.037 7.016 6.984 6.932
99-30+ 7.049 7.040 7.044 7.048 7.035 7.014 6.981 6.928
99-31 7.047 7.039 7.042 7.047 7.032 7.011 6.978 6.925
99-31+ 7.045 7.037 7.041 7.045 7.030 7.009 6.975 6.921
100-00 7.043 7.035 7.039 7.043 7.028 7.006 6.972 6.918
100-00+ 7.041 7.034 7.037 7.041 7.026 7.004 6.969 6.915
100-01 7.039 7.032 7.035 7.039 7.024 7.001 6.967 6.911
100-01+ 7.037 7.030 7.034 7.037 7.022 6.999 6.964 6.908
100-02 7.035 7.029 7.032 7.035 7.019 6.996 6.961 6.904
100-02+ 7.033 7.027 7.030 7.034 7.017 6.994 6.958 6.901
100-03 7.031 7.025 7.028 7.032 7.015 6.991 6.955 6.897
100-03+ 7.029 7.024 7.027 7.030 7.013 6.989 6.952 6.894
100-04 7.027 7.022 7.025 7.028 7.011 6.986 6.949 6.890
100-04+ 7.025 7.020 7.023 7.026 7.009 6.984 6.946 6.887
100-05 7.023 7.019 7.021 7.024 7.006 6.981 6.944 6.884
100-05+ 7.021 7.017 7.020 7.022 7.004 6.979 6.941 6.880
100-06 7.019 7.015 7.018 7.021 7.002 6.977 6.938 6.877
100-06+ 7.017 7.014 7.016 7.019 7.000 6.974 6.935 6.873
100-07 7.015 7.012 7.014 7.017 6.998 6.972 6.932 6.870
100-07+ 7.013 7.010 7.013 7.015 6.995 6.969 6.929 6.866
First Payment 8.622 12.456 11.206 10.039 6.122 5.289 4.706 4.206
Average Life 12.091 15.935 14.522 13.261 10.514 8.923 7.342 5.769
Last Payment 17.539 22.539 20.706 19.039 16.206 15.039 14.122 13.206
</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.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $16,000,000.00 DATED DATE: 06/01/98
COUPON: 6.875% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $16,000,000.00 BOND A5 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.939 6.946 6.944 6.942 6.936 6.933 6.929 6.924
99-24+ 6.937 6.944 6.942 6.939 6.934 6.930 6.925 6.920
99-25 6.934 6.942 6.939 6.937 6.931 6.927 6.922 6.916
99-25+ 6.932 6.940 6.937 6.934 6.928 6.924 6.918 6.913
99-26 6.929 6.937 6.935 6.932 6.925 6.920 6.915 6.909
99-26+ 6.926 6.935 6.933 6.929 6.922 6.917 6.912 6.905
99-27 6.924 6.933 6.930 6.927 6.919 6.914 6.908 6.901
99-27+ 6.921 6.931 6.928 6.924 6.917 6.911 6.905 6.897
99-28 6.918 6.929 6.926 6.922 6.914 6.908 6.901 6.894
99-28+ 6.916 6.927 6.923 6.920 6.911 6.905 6.898 6.890
99-29 6.913 6.925 6.921 6.917 6.908 6.902 6.894 6.886
99-29+ 6.911 6.923 6.919 6.915 6.905 6.899 6.891 6.882
99-30 6.908 6.920 6.917 6.912 6.902 6.896 6.888 6.878
99-30+ 6.905 6.918 6.914 6.910 6.900 6.892 6.884 6.875
99-31 6.903 6.916 6.912 6.907 6.897 6.889 6.881 6.871
99-31+ 6.900 6.914 6.910 6.905 6.894 6.886 6.877 6.867
100-00 6.898 6.912 6.907 6.902 6.891 6.883 6.874 6.863
100-00+ 6.895 6.910 6.905 6.900 6.888 6.880 6.870 6.860
100-01 6.892 6.908 6.903 6.898 6.885 6.877 6.867 6.856
100-01+ 6.890 6.906 6.901 6.895 6.883 6.874 6.864 6.852
100-02 6.887 6.903 6.898 6.893 6.880 6.871 6.860 6.848
100-02+ 6.884 6.901 6.896 6.890 6.877 6.868 6.857 6.845
100-03 6.882 6.899 6.894 6.888 6.874 6.865 6.853 6.841
100-03+ 6.879 6.897 6.892 6.885 6.871 6.861 6.850 6.837
100-04 6.877 6.895 6.889 6.883 6.868 6.858 6.847 6.833
100-04+ 6.874 6.893 6.887 6.880 6.866 6.855 6.843 6.829
100-05 6.871 6.891 6.885 6.878 6.863 6.852 6.840 6.826
100-05+ 6.869 6.889 6.882 6.876 6.860 6.849 6.836 6.822
100-06 6.866 6.886 6.880 6.873 6.857 6.846 6.833 6.818
100-06+ 6.864 6.884 6.878 6.871 6.854 6.843 6.830 6.814
100-07 6.861 6.882 6.876 6.868 6.851 6.840 6.826 6.811
100-07+ 6.858 6.880 6.873 6.866 6.849 6.837 6.823 6.807
First Payment 7.956 10.622 9.622 8.706 6.122 5.289 4.706 4.206
Average Life 7.956 10.622 9.622 8.706 7.163 6.389 5.671 5.028
Last Payment 7.956 10.622 9.622 8.706 7.372 6.789 6.289 5.872
</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.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $35,000,000.00 DATED DATE: 06/01/98
COUPON: 6.420% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $35,000,000.00 BOND A6 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.473 6.474 6.473 6.473 6.473 6.473 6.473 6.473
99-24+ 6.470 6.471 6.470 6.470 6.470 6.470 6.470 6.470
99-25 6.467 6.468 6.468 6.467 6.467 6.467 6.467 6.467
99-25+ 6.464 6.465 6.465 6.464 6.464 6.464 6.464 6.464
99-26 6.461 6.462 6.462 6.461 6.461 6.461 6.461 6.461
99-26+ 6.458 6.459 6.459 6.458 6.458 6.458 6.458 6.458
99-27 6.455 6.457 6.456 6.455 6.455 6.455 6.455 6.455
99-27+ 6.452 6.454 6.453 6.452 6.452 6.452 6.452 6.452
99-28 6.449 6.451 6.450 6.449 6.449 6.449 6.449 6.449
99-28+ 6.446 6.448 6.447 6.447 6.446 6.446 6.446 6.446
99-29 6.443 6.445 6.444 6.444 6.443 6.443 6.443 6.443
99-29+ 6.440 6.442 6.441 6.441 6.440 6.440 6.440 6.440
99-30 6.437 6.439 6.438 6.438 6.437 6.437 6.437 6.437
99-30+ 6.434 6.437 6.435 6.435 6.434 6.434 6.434 6.435
99-31 6.431 6.434 6.433 6.432 6.431 6.431 6.431 6.432
99-31+ 6.428 6.431 6.430 6.429 6.428 6.428 6.428 6.429
100-00 6.425 6.428 6.427 6.426 6.425 6.425 6.425 6.426
100-00+ 6.422 6.425 6.424 6.423 6.422 6.422 6.422 6.423
100-01 6.419 6.422 6.421 6.420 6.419 6.419 6.419 6.420
100-01+ 6.416 6.419 6.418 6.417 6.416 6.416 6.416 6.417
100-02 6.414 6.416 6.415 6.414 6.413 6.413 6.413 6.414
100-02+ 6.411 6.414 6.412 6.411 6.410 6.410 6.410 6.411
100-03 6.408 6.411 6.409 6.408 6.407 6.407 6.407 6.408
100-03+ 6.405 6.408 6.406 6.405 6.404 6.404 6.404 6.405
100-04 6.402 6.405 6.404 6.402 6.401 6.401 6.401 6.402
100-04+ 6.399 6.402 6.401 6.400 6.398 6.398 6.398 6.399
100-05 6.396 6.399 6.398 6.397 6.395 6.395 6.395 6.396
100-05+ 6.393 6.396 6.395 6.394 6.392 6.392 6.392 6.393
100-06 6.390 6.394 6.392 6.391 6.389 6.389 6.390 6.390
100-06+ 6.387 6.391 6.389 6.388 6.386 6.386 6.387 6.387
100-07 6.384 6.388 6.386 6.385 6.383 6.383 6.384 6.384
100-07+ 6.381 6.385 6.383 6.382 6.380 6.380 6.381 6.382
First Payment 3.289 3.122 3.122 3.206 3.456 3.539 3.706 3.872
Average Life 6.743 7.049 6.910 6.811 6.704 6.693 6.718 6.785
Last Payment 17.372 22.289 20.539 18.872 16.039 14.539 13.956 13.039
</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.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $19,250,000.00 DATED DATE: 06/01/98
COUPON: 6.875% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $19,250,000.00 BOND M1F BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.929 6.937 6.935 6.932 6.927 6.924 6.923 6.921
99-24+ 6.926 6.935 6.932 6.929 6.923 6.921 6.919 6.917
99-25 6.922 6.932 6.929 6.925 6.919 6.917 6.915 6.913
99-25+ 6.919 6.929 6.926 6.922 6.916 6.913 6.911 6.909
99-26 6.915 6.926 6.923 6.919 6.912 6.909 6.907 6.905
99-26+ 6.912 6.924 6.920 6.916 6.909 6.906 6.903 6.901
99-27 6.909 6.921 6.917 6.913 6.905 6.902 6.899 6.897
99-27+ 6.905 6.918 6.914 6.909 6.902 6.898 6.895 6.893
99-28 6.902 6.915 6.911 6.906 6.898 6.895 6.892 6.889
99-28+ 6.898 6.913 6.908 6.903 6.894 6.891 6.888 6.885
99-29 6.895 6.910 6.905 6.900 6.891 6.887 6.884 6.881
99-29+ 6.892 6.907 6.902 6.897 6.887 6.883 6.880 6.877
99-30 6.888 6.904 6.899 6.893 6.884 6.880 6.876 6.873
99-30+ 6.885 6.901 6.896 6.890 6.880 6.876 6.872 6.869
99-31 6.881 6.899 6.893 6.887 6.877 6.872 6.868 6.865
99-31+ 6.878 6.896 6.890 6.884 6.873 6.868 6.865 6.861
100-00 6.875 6.893 6.887 6.881 6.869 6.865 6.861 6.857
100-00+ 6.871 6.890 6.884 6.877 6.866 6.861 6.857 6.853
100-01 6.868 6.888 6.881 6.874 6.862 6.857 6.853 6.849
100-01+ 6.865 6.885 6.878 6.871 6.859 6.853 6.849 6.845
100-02 6.861 6.882 6.875 6.868 6.855 6.850 6.845 6.841
100-02+ 6.858 6.879 6.872 6.865 6.852 6.846 6.841 6.838
100-03 6.854 6.877 6.869 6.861 6.848 6.842 6.837 6.834
100-03+ 6.851 6.874 6.866 6.858 6.844 6.839 6.834 6.830
100-04 6.848 6.871 6.863 6.855 6.841 6.835 6.830 6.826
100-04+ 6.844 6.868 6.860 6.852 6.837 6.831 6.826 6.822
100-05 6.841 6.866 6.857 6.849 6.834 6.827 6.822 6.818
100-05+ 6.837 6.863 6.854 6.846 6.830 6.824 6.818 6.814
100-06 6.834 6.860 6.851 6.842 6.827 6.820 6.814 6.810
100-06+ 6.831 6.857 6.848 6.839 6.823 6.816 6.810 6.806
100-07 6.827 6.855 6.845 6.836 6.819 6.812 6.807 6.802
100-07+ 6.824 6.852 6.842 6.833 6.816 6.809 6.803 6.798
First Payment 3.206 3.539 3.122 3.122 3.289 3.372 3.372 3.456
Average Life 5.971 7.838 7.088 6.469 5.569 5.250 5.003 4.814
Last Payment 14.122 18.206 16.539 15.122 13.039 12.122 11.206 10.456
</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.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $15,750,000.00 DATED DATE: 06/01/98
COUPON: 7.125% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $15,750,000.00 BOND M2F BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 7.182 7.191 7.188 7.185 7.179 7.176 7.174 7.172
99-24+ 7.178 7.188 7.185 7.182 7.175 7.173 7.170 7.168
99-25 7.175 7.186 7.182 7.178 7.172 7.169 7.166 7.164
99-25+ 7.172 7.183 7.179 7.175 7.168 7.165 7.162 7.159
99-26 7.168 7.180 7.176 7.172 7.164 7.161 7.158 7.155
99-26+ 7.165 7.177 7.173 7.169 7.161 7.157 7.154 7.151
99-27 7.161 7.174 7.170 7.165 7.157 7.153 7.150 7.147
99-27+ 7.158 7.172 7.167 7.162 7.153 7.150 7.146 7.143
99-28 7.154 7.169 7.164 7.159 7.150 7.146 7.142 7.139
99-28+ 7.151 7.166 7.161 7.156 7.146 7.142 7.138 7.135
99-29 7.147 7.163 7.158 7.152 7.143 7.138 7.134 7.130
99-29+ 7.144 7.160 7.155 7.149 7.139 7.134 7.130 7.126
99-30 7.140 7.157 7.152 7.146 7.135 7.130 7.126 7.122
99-30+ 7.137 7.155 7.149 7.143 7.132 7.127 7.122 7.118
99-31 7.134 7.152 7.146 7.139 7.128 7.123 7.118 7.114
99-31+ 7.130 7.149 7.143 7.136 7.124 7.119 7.114 7.110
100-00 7.127 7.146 7.140 7.133 7.121 7.115 7.110 7.106
100-00+ 7.123 7.143 7.137 7.130 7.117 7.111 7.106 7.101
100-01 7.120 7.141 7.134 7.127 7.113 7.107 7.102 7.097
100-01+ 7.116 7.138 7.131 7.123 7.110 7.104 7.098 7.093
100-02 7.113 7.135 7.128 7.120 7.106 7.100 7.094 7.089
100-02+ 7.109 7.132 7.125 7.117 7.102 7.096 7.090 7.085
100-03 7.106 7.129 7.122 7.114 7.099 7.092 7.086 7.081
100-03+ 7.102 7.127 7.119 7.110 7.095 7.088 7.082 7.077
100-04 7.099 7.124 7.116 7.107 7.091 7.084 7.078 7.072
100-04+ 7.096 7.121 7.112 7.104 7.088 7.081 7.074 7.068
100-05 7.092 7.118 7.109 7.101 7.084 7.077 7.070 7.064
100-05+ 7.089 7.115 7.106 7.097 7.081 7.073 7.066 7.060
100-06 7.085 7.113 7.103 7.094 7.077 7.069 7.062 7.056
100-06+ 7.082 7.110 7.100 7.091 7.073 7.065 7.058 7.052
100-07 7.078 7.107 7.097 7.088 7.070 7.061 7.054 7.048
100-07+ 7.075 7.104 7.094 7.084 7.066 7.058 7.050 7.043
First Payment 3.122 3.539 3.122 3.122 3.206 3.206 3.206 3.289
Average Life 5.879 7.736 7.004 6.386 5.464 5.124 4.849 4.625
Last Payment 12.789 16.456 14.872 13.872 11.789 10.956 10.122 9.456
</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.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $14,000,000.00 DATED DATE: 06/01/98
COUPON: 7.620% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $14,000,000.00 BOND B1F BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 7.682 7.694 7.690 7.686 7.679 7.675 7.672 7.669
99-24+ 7.679 7.691 7.687 7.683 7.675 7.671 7.668 7.665
99-25 7.675 7.688 7.683 7.679 7.671 7.667 7.664 7.661
99-25+ 7.671 7.685 7.680 7.676 7.667 7.663 7.659 7.656
99-26 7.668 7.682 7.677 7.672 7.663 7.659 7.655 7.652
99-26+ 7.664 7.679 7.674 7.669 7.659 7.655 7.651 7.647
99-27 7.660 7.676 7.671 7.666 7.656 7.651 7.647 7.643
99-27+ 7.657 7.673 7.668 7.662 7.652 7.647 7.643 7.638
99-28 7.653 7.670 7.664 7.659 7.648 7.643 7.638 7.634
99-28+ 7.650 7.667 7.661 7.655 7.644 7.639 7.634 7.630
99-29 7.646 7.664 7.658 7.652 7.640 7.635 7.630 7.625
99-29+ 7.642 7.661 7.655 7.649 7.636 7.631 7.626 7.621
99-30 7.639 7.658 7.652 7.645 7.633 7.627 7.621 7.616
99-30+ 7.635 7.655 7.649 7.642 7.629 7.623 7.617 7.612
99-31 7.632 7.652 7.645 7.638 7.625 7.619 7.613 7.608
99-31+ 7.628 7.650 7.642 7.635 7.621 7.615 7.609 7.603
100-00 7.624 7.647 7.639 7.632 7.617 7.611 7.604 7.599
100-00+ 7.621 7.644 7.636 7.628 7.613 7.607 7.600 7.594
100-01 7.617 7.641 7.633 7.625 7.610 7.603 7.596 7.590
100-01+ 7.613 7.638 7.630 7.621 7.606 7.599 7.592 7.586
100-02 7.610 7.635 7.627 7.618 7.602 7.595 7.588 7.581
100-02+ 7.606 7.632 7.623 7.615 7.598 7.590 7.583 7.577
100-03 7.603 7.629 7.620 7.611 7.594 7.586 7.579 7.572
100-03+ 7.599 7.626 7.617 7.608 7.590 7.582 7.575 7.568
100-04 7.595 7.623 7.614 7.604 7.587 7.578 7.571 7.564
100-04+ 7.592 7.620 7.611 7.601 7.583 7.574 7.566 7.559
100-05 7.588 7.617 7.608 7.598 7.579 7.570 7.562 7.555
100-05+ 7.585 7.614 7.604 7.594 7.575 7.566 7.558 7.550
100-06 7.581 7.612 7.601 7.591 7.571 7.562 7.554 7.546
100-06+ 7.577 7.609 7.598 7.588 7.567 7.558 7.550 7.542
100-07 7.574 7.606 7.595 7.584 7.564 7.554 7.545 7.537
100-07+ 7.570 7.603 7.592 7.581 7.560 7.550 7.541 7.533
First Payment 3.122 3.539 3.122 3.122 3.122 3.122 3.122 3.122
Average Life 5.592 7.403 6.684 6.085 5.187 4.854 4.575 4.347
Last Payment 10.956 14.289 13.039 11.872 10.039 9.289 8.622 8.039
</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.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $150,000,000.00 DATED DATE: 06/11/98
CURRENT COUPON: 5.688% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $150,000,000.00 BOND A7 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/11/98
ASSUMED CONSTANT LIBOR-1M 5.6484
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 13.0% 20.0% 33.0% 39.0% 45.0% 50.0% 55.0%
FIX (HEP) 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 32.436 18.549 25.472 38.428 44.467 50.572 55.825 61.382
99-24+ 30.656 17.638 24.128 36.273 41.934 47.656 52.581 57.789
99-25 28.876 16.727 22.784 34.118 39.401 44.741 49.337 54.198
99-25+ 27.097 15.817 21.440 31.964 36.868 41.827 46.094 50.607
99-26 25.318 14.907 20.097 29.810 34.337 38.913 42.851 47.017
99-26+ 23.539 13.997 18.754 27.656 31.806 36.000 39.610 43.427
99-27 21.761 13.087 17.411 25.503 29.275 33.087 36.369 39.839
99-27+ 19.983 12.177 16.069 23.351 26.745 30.176 33.128 36.251
99-28 18.205 11.268 14.726 21.199 24.215 27.265 29.889 32.665
99-28+ 16.428 10.359 13.385 19.047 21.686 24.354 26.650 29.079
99-29 14.652 9.450 12.043 16.896 19.158 21.445 23.412 25.494
99-29+ 12.875 8.541 10.702 14.746 16.630 18.536 20.175 21.909
99-30 11.099 7.632 9.361 12.595 14.103 15.627 16.939 18.326
99-30+ 9.324 6.724 8.020 10.446 11.577 12.719 13.703 14.743
99-31 7.549 5.816 6.680 8.297 9.050 9.812 10.468 11.161
99-31+ 5.774 4.908 5.340 6.148 6.525 6.906 7.234 7.580
100-00 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000
100-00+ 2.226 3.092 2.661 1.852 1.476 1.095 0.767 0.421
100-01 0.453 2.185 1.321 -0.295 -1.048 -1.810 -2.465 -3.158
100-01+ -1.320 1.278 -0.017 -2.442 -3.571 -4.713 -5.696 -6.736
100-02 -3.093 0.371 -1.356 -4.588 -6.094 -7.617 -8.927 -10.313
100-02+ -4.865 -0.536 -2.694 -6.734 -8.616 -10.519 -12.157 -13.889
100-03 -6.637 -1.442 -4.032 -8.879 -11.138 -13.421 -15.386 -17.464
100-03+ -8.409 -2.348 -5.370 -11.024 -13.659 -16.322 -18.614 -21.039
100-04 -10.180 -3.254 -6.707 -13.168 -16.179 -19.223 -21.842 -24.612
100-04+ -11.950 -4.160 -8.044 -15.312 -18.699 -22.123 -25.069 -28.185
100-05 -13.721 -5.066 -9.381 -17.455 -21.218 -25.022 -28.295 -31.757
100-05+ -15.491 -5.971 -10.717 -19.598 -23.737 -27.921 -31.521 -35.328
100-06 -17.260 -6.876 -12.053 -21.740 -26.255 -30.818 -34.745 -38.899
100-06+ -19.029 -7.781 -13.389 -23.882 -28.773 -33.716 -37.970 -42.468
100-07 -20.798 -8.686 -14.724 -26.024 -31.290 -36.612 -41.193 -46.037
100-07+ -22.566 -9.591 -16.060 -28.165 -33.806 -39.508 -44.415 -49.605
First Payment 0.122 0.122 0.122 0.122 0.122 0.122 0.122 0.122
Average Life 0.900 1.827 1.207 0.739 0.626 0.542 0.486 0.438
Last Payment 1.872 4.039 2.622 1.539 1.289 1.039 0.956 0.872
</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.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $376,500,000.00 DATED DATE: 06/11/98
CURRENT COUPON: 5.818% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $376,500,000.00 BOND A8 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/11/98
ASSUMED CONSTANT LIBOR-1M 5.6484
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 13.0% 20.0% 33.0% 39.0% 45.0% 50.0% 55.0%
FIX (HEP) 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 26.883 22.229 24.360 29.911 34.242 37.618 40.350 43.229
99-24+ 26.264 21.902 23.899 29.103 33.162 36.327 38.888 41.587
99-25 25.645 21.574 23.438 28.295 32.083 35.037 37.427 39.945
99-25+ 25.026 21.247 22.977 27.486 31.004 33.747 35.966 38.304
99-26 24.408 20.920 22.517 26.679 29.926 32.457 34.505 36.663
99-26+ 23.790 20.593 22.056 25.871 28.847 31.167 33.044 35.023
99-27 23.172 20.266 21.596 25.063 27.769 29.878 31.584 33.382
99-27+ 22.554 19.939 21.136 24.256 26.691 28.589 30.124 31.743
99-28 21.936 19.612 20.676 23.449 25.613 27.300 28.665 30.103
99-28+ 21.318 19.285 20.216 22.642 24.536 26.011 27.205 28.464
99-29 20.701 18.958 19.756 21.835 23.458 24.723 25.747 26.825
99-29+ 20.084 18.632 19.297 21.029 22.381 23.435 24.288 25.187
99-30 19.467 18.305 18.837 20.223 21.305 22.148 22.830 23.549
99-30+ 18.850 17.979 18.378 19.417 20.228 20.860 21.372 21.911
99-31 18.233 17.652 17.918 18.611 19.152 19.573 19.914 20.274
99-31+ 17.616 17.326 17.459 17.805 18.076 18.286 18.457 18.637
100-00 17.000 17.000 17.000 17.000 17.000 17.000 17.000 17.000
100-00+ 16.384 16.674 16.541 16.195 15.924 15.714 15.543 15.364
100-01 15.768 16.348 16.082 15.390 14.849 14.428 14.087 13.728
100-01+ 15.152 16.022 15.624 14.585 13.774 13.142 12.631 12.092
100-02 14.536 15.696 15.165 13.781 12.699 11.857 11.175 10.457
100-02+ 13.920 15.371 14.707 12.976 11.625 10.572 9.720 8.822
100-03 13.305 15.045 14.248 12.172 10.550 9.287 8.265 7.188
100-03+ 12.690 14.719 13.790 11.368 9.476 8.003 6.810 5.554
100-04 12.074 14.394 13.332 10.564 8.403 6.718 5.356 3.920
100-04+ 11.459 14.068 12.874 9.761 7.329 5.434 3.902 2.287
100-05 10.845 13.743 12.416 8.958 6.256 4.151 2.448 0.654
100-05+ 10.230 13.418 11.958 8.155 5.183 2.867 0.995 -0.979
100-06 9.615 13.093 11.501 7.352 4.110 1.584 -0.459 -2.611
100-06+ 9.001 12.768 11.043 6.549 3.037 0.301 -1.911 -4.243
100-07 8.387 12.443 10.586 5.746 1.965 -0.981 -3.364 -5.875
100-07+ 7.773 12.118 10.129 4.944 0.893 -2.263 -4.816 -7.506
First Payment 0.122 0.122 0.122 0.122 0.122 0.122 0.122 0.122
Average Life 2.847 6.149 4.011 2.108 1.524 1.259 1.105 0.979
Last Payment 7.122 14.872 9.789 5.622 4.622 2.622 2.289 2.039
</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.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $52,000,000.00 DATED DATE: 06/11/98
CURRENT COUPON: 5.978% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $52,000,000.00 BOND M1A DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/11/98
ASSUMED CONSTANT LIBOR-1M 5.6484
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 13.0% 20.0% 33.0% 39.0% 45.0% 50.0% 55.0%
FIX (HEP) 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 38.810 36.387 37.687 39.148 39.176 41.368 43.206 44.558
99-24+ 38.447 36.175 37.394 38.763 38.789 40.844 42.567 43.834
99-25 38.083 35.963 37.101 38.378 38.403 40.320 41.929 43.111
99-25+ 37.720 35.751 36.807 37.994 38.016 39.797 41.290 42.388
99-26 37.356 35.539 36.514 37.609 37.630 39.274 40.652 41.665
99-26+ 36.993 35.327 36.221 37.225 37.244 38.750 40.014 40.943
99-27 36.629 35.116 35.928 36.840 36.858 38.227 39.375 40.220
99-27+ 36.266 34.904 35.635 36.456 36.472 37.704 38.737 39.497
99-28 35.903 34.692 35.342 36.072 36.086 37.181 38.099 38.775
99-28+ 35.540 34.480 35.049 35.687 35.700 36.658 37.462 38.053
99-29 35.177 34.269 34.756 35.303 35.314 36.135 36.824 37.330
99-29+ 34.814 34.057 34.463 34.919 34.928 35.612 36.186 36.608
99-30 34.451 33.846 34.170 34.535 34.542 35.090 35.549 35.886
99-30+ 34.088 33.634 33.878 34.151 34.157 34.567 34.911 35.165
99-31 33.725 33.423 33.585 33.767 33.771 34.045 34.274 34.443
99-31+ 33.363 33.211 33.293 33.384 33.385 33.522 33.637 33.721
100-00 33.000 33.000 33.000 33.000 33.000 33.000 33.000 33.000
100-00+ 32.637 32.789 32.708 32.616 32.615 32.478 32.363 32.279
100-01 32.275 32.577 32.415 32.233 32.229 31.956 31.726 31.557
100-01+ 31.912 32.366 32.123 31.849 31.844 31.434 31.089 30.836
100-02 31.550 32.155 31.830 31.466 31.459 30.912 30.453 30.115
100-02+ 31.188 31.944 31.538 31.082 31.074 30.390 29.816 29.395
100-03 30.826 31.733 31.246 30.699 30.689 29.868 29.180 28.674
100-03+ 30.463 31.522 30.954 30.316 30.304 29.346 28.544 27.953
100-04 30.101 31.311 30.662 29.933 29.919 28.825 27.907 27.233
100-04+ 29.739 31.100 30.370 29.550 29.534 28.303 27.271 26.513
100-05 29.377 30.889 30.078 29.167 29.149 27.782 26.635 25.792
100-05+ 29.015 30.678 29.786 28.784 28.764 27.261 26.000 25.072
100-06 28.654 30.467 29.494 28.401 28.380 26.740 25.364 24.352
100-06+ 28.292 30.256 29.202 28.018 27.995 26.218 24.728 23.633
100-07 27.930 30.046 28.911 27.635 27.610 25.697 24.093 22.913
100-07+ 27.569 29.835 28.619 27.252 27.226 25.176 23.457 22.193
First Payment 3.456 4.872 3.122 3.789 4.289 2.622 2.289 2.039
Average Life 4.984 10.007 6.522 4.624 4.586 3.265 2.621 2.292
Last Payment 7.122 14.872 9.789 5.622 4.622 3.872 2.956 2.622
</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.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
FINANCIAL STRATEGIES GROUP
- --------------------------
<TABLE>
<CAPTION>
CURRENT BALANCE: $39,000,000.00 DATED DATE: 06/11/98
CURRENT COUPON: 6.198% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $39,000,000.00 BOND M2A DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/11/98
ASSUMED CONSTANT LIBOR-1M 5.6484
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 13.0% 20.0% 33.0% 39.0% 45.0% 50.0% 55.0%
FIX (HEP) 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 60.950 58.424 59.723 61.662 61.908 62.203 63.413 64.955
99-24+ 60.578 58.209 59.427 61.245 61.475 61.752 62.886 64.332
99-25 60.206 57.995 59.131 60.829 61.043 61.301 62.360 63.709
99-25+ 59.833 57.781 58.836 60.412 60.611 60.851 61.834 63.086
99-26 59.461 57.567 58.540 59.995 60.179 60.400 61.307 62.464
99-26+ 59.089 57.352 58.245 59.578 59.747 59.950 60.781 61.841
99-27 58.717 57.138 57.950 59.162 59.315 59.499 60.255 61.219
99-27+ 58.345 56.924 57.655 58.745 58.883 59.049 59.729 60.596
99-28 57.973 56.710 57.359 58.329 58.451 58.599 59.204 59.974
99-28+ 57.601 56.496 57.064 57.912 58.020 58.149 58.678 59.352
99-29 57.229 56.283 56.769 57.496 57.588 57.699 58.152 58.730
99-29+ 56.858 56.069 56.474 57.080 57.157 57.249 57.627 58.108
99-30 56.486 55.855 56.179 56.664 56.725 56.799 57.101 57.486
99-30+ 56.114 55.641 55.884 56.248 56.294 56.349 56.576 56.865
99-31 55.743 55.427 55.589 55.832 55.862 55.899 56.050 56.243
99-31+ 55.371 55.214 55.295 55.416 55.431 55.450 55.525 55.621
100-00 55.000 55.000 55.000 55.000 55.000 55.000 55.000 55.000
100-00+ 54.629 54.786 54.705 54.584 54.569 54.550 54.475 54.379
100-01 54.257 54.573 54.411 54.169 54.138 54.101 53.950 53.758
100-01+ 53.886 54.359 54.116 53.753 53.707 53.652 53.425 53.136
100-02 53.515 54.146 53.822 53.337 53.276 53.202 52.900 52.515
100-02+ 53.144 53.932 53.527 52.922 52.845 52.753 52.376 51.895
100-03 52.773 53.719 53.233 52.507 52.415 52.304 51.851 51.274
100-03+ 52.402 53.506 52.939 52.091 51.984 51.855 51.327 50.653
100-04 52.032 53.292 52.644 51.676 51.553 51.406 50.802 50.033
100-04+ 51.661 53.079 52.350 51.261 51.123 50.957 50.278 49.412
100-05 51.290 52.866 52.056 50.846 50.692 50.508 49.754 48.792
100-05+ 50.920 52.653 51.762 50.431 50.262 50.060 49.230 48.172
100-06 50.549 52.440 51.468 50.016 49.832 49.611 48.705 47.551
100-06+ 50.179 52.227 51.174 49.601 49.402 49.162 48.182 46.931
100-07 49.808 52.014 50.880 49.186 48.971 48.714 47.658 46.312
100-07+ 49.438 51.801 50.586 48.771 48.541 48.265 47.134 45.692
First Payment 3.206 4.872 3.122 3.372 3.539 3.789 2.956 2.622
Average Life 4.889 10.007 6.522 4.249 4.060 3.869 3.249 2.697
Last Payment 7.122 14.872 9.789 5.622 4.622 3.872 3.289 2.706
</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.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
FINANCIAL STRATEGIES GROUP
- --------------------------
<TABLE>
<CAPTION>
CURRENT BALANCE: $32,500,000.00 DATED DATE: 06/11/98
CURRENT COUPON: 6.798% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $32,500,000.00 BOND B1A DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/11/98
ASSUMED CONSTANT LIBOR-1M 5.6484
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 13.0% 20.0% 33.0% 39.0% 45.0% 50.0% 55.0%
FIX (HEP) 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 121.096 118.524 119.819 121.962 122.531 122.782 123.403 125.007
99-24+ 120.714 118.304 119.517 121.526 122.060 122.295 122.877 124.381
99-25 120.333 118.083 119.216 121.091 121.589 121.808 122.351 123.755
99-25+ 119.951 117.863 118.914 120.655 121.117 121.321 121.826 123.129
99-26 119.570 117.642 118.613 120.220 120.646 120.834 121.300 122.503
99-26+ 119.189 117.422 118.311 119.784 120.175 120.348 120.774 121.877
99-27 118.808 117.201 118.010 119.349 119.704 119.861 120.249 121.251
99-27+ 118.427 116.981 117.709 118.914 119.234 119.375 119.724 120.626
99-28 118.046 116.761 117.407 118.479 118.763 118.888 119.199 120.000
99-28+ 117.665 116.540 117.106 118.043 118.292 118.402 118.673 119.375
99-29 117.284 116.320 116.805 117.608 117.822 117.916 118.148 118.750
99-29+ 116.903 116.100 116.504 117.173 117.351 117.430 117.623 118.124
99-30 116.522 115.880 116.203 116.739 116.881 116.943 117.099 117.499
99-30+ 116.142 115.660 115.902 116.304 116.410 116.457 116.574 116.874
99-31 115.761 115.440 115.602 115.869 115.940 115.972 116.049 116.249
99-31+ 115.380 115.220 115.301 115.435 115.470 115.486 115.524 115.625
100-00 115.000 115.000 115.000 115.000 115.000 115.000 115.000 115.000
100-00+ 114.620 114.780 114.699 114.566 114.530 114.514 114.476 114.375
100-01 114.239 114.560 114.399 114.131 114.060 114.029 113.951 113.751
100-01+ 113.859 114.341 114.098 113.697 113.590 113.543 113.427 113.127
100-02 113.479 114.121 113.798 113.263 113.121 113.058 112.903 112.502
100-02+ 113.099 113.901 113.497 112.828 112.651 112.573 112.379 111.878
100-03 112.719 113.681 113.197 112.394 112.181 112.087 111.855 111.254
100-03+ 112.339 113.462 112.897 111.960 111.712 111.602 111.331 110.630
100-04 111.959 113.242 112.596 111.527 111.242 111.117 110.807 110.007
100-04+ 111.579 113.023 112.296 111.093 110.773 110.632 110.284 109.383
100-05 111.200 112.803 111.996 110.659 110.304 110.147 109.760 108.759
100-05+ 110.820 112.584 111.696 110.225 109.835 109.662 109.236 108.136
100-06 110.441 112.365 111.396 109.792 109.366 109.178 108.713 107.512
100-06+ 110.061 112.145 111.096 109.358 108.897 108.693 108.190 106.889
100-07 109.682 111.926 110.796 108.925 108.428 108.209 107.666 106.266
100-07+ 109.302 111.707 110.496 108.491 107.959 107.724 107.143 105.643
First Payment 3.122 4.872 3.122 3.206 3.206 3.289 3.289 2.706
Average Life 4.844 10.007 6.522 4.108 3.733 3.589 3.289 2.706
Last Payment 7.122 14.872 9.789 5.622 4.622 3.872 3.289 2.706
</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.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
- --------------------------------------------------------------------------------
- AMRESCO
- Cut Off Date of Tape is 4/30/98
- *Fixed Rate Collateral Group (06/01/97 Scheduled Balance)
- $286,694,300.72
- Mortgage Summary Report
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 3,458
Lien Status: First and Second Lien Loans
Aggregate Unpaid Principal Balance: $286,694,300.72
Aggregate Original Principal Balance: $288,081,757.00
Weighted Average Gross Coupon: 9.913%
Gross Coupon Range: 5.900% - 18.375%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $82,907.55
Average Original Principal Balance: $83,308.78
Maximum Unpaid Principal Balance: $523,514.12
Minimum Unpaid Principal Balance: $9,846.07
Maximum Original Principal Balance: $525,000.00
Minimum Original Principal Balance: $10,000.00
Weighted Avg. Stated Rem. Term (LPD to Mat Date): 318.531
Stated Rem Term Range: 115.000 - 359.000
Weighted Average Age (Original Term - Rem Term): 5.004
Age Range: 1.000 - 31.000
Weighted Average Original Term: 323.535
Original Term Range: 120.000 - 360.000
Weighted Average Original LTV: 72.424
Original LTV Range: 5.410% - 90.000%
Weighted Average Combined LTV: 73.493
Combined LTV Range: 8.400% - 90.000%
- --------------------------------------------------------------------------------
*Includes 5/25 arms along with fixed rate loans.
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>
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
5.50% < Gross Coupon <= 6.00% 1 372,392.63 0.13
6.00% < Gross Coupon <= 6.50% 9 2,075,770.32 0.72
6.50% < Gross Coupon <= 7.00% 13 2,131,253.93 0.74
7.00% < Gross Coupon <= 7.50% 29 5,142,983.33 1.79
7.50% < Gross Coupon <= 7.75% 80 8,993,380.11 3.14
7.75% < Gross Coupon <= 8.00% 75 7,934,528.35 2.77
8.00% < Gross Coupon <= 8.25% 125 12,291,187.76 4.29
8.25% < Gross Coupon <= 8.50% 163 17,286,685.43 6.03
8.50% < Gross Coupon <= 8.75% 138 14,320,676.08 5.00
8.75% < Gross Coupon <= 9.00% 280 27,467,109.10 9.58
9.00% < Gross Coupon <= 9.25% 120 12,423,799.45 4.33
9.25% < Gross Coupon <= 9.50% 235 22,261,704.25 7.76
9.50% < Gross Coupon <= 9.75% 178 15,456,748.05 5.39
9.75% < Gross Coupon <= 10.00% 304 28,432,693.38 9.92
10.00% < Gross Coupon <= 10.25% 129 10,911,071.84 3.81
10.25% < Gross Coupon <= 10.50% 203 15,749,417.81 5.49
10.50% < Gross Coupon <= 10.75% 154 11,818,947.28 4.12
10.75% < Gross Coupon <= 11.00% 225 15,740,410.64 5.49
11.00% < Gross Coupon <= 11.25% 92 6,170,360.05 2.15
11.25% < Gross Coupon <= 11.50% 117 7,406,730.30 2.58
11.50% < Gross Coupon <= 11.75% 114 7,478,022.39 2.61
11.75% < Gross Coupon <= 12.00% 135 7,968,203.25 2.78
12.00% < Gross Coupon <= 12.25% 64 3,418,558.98 1.19
12.25% < Gross Coupon <= 12.50% 70 4,055,952.11 1.41
12.50% < Gross Coupon <= 12.75% 91 4,266,651.04 1.49
12.75% < Gross Coupon <= 13.00% 122 6,075,591.79 2.12
13.00% < Gross Coupon <= 13.25% 20 1,007,081.28 0.35
13.25% < Gross Coupon <= 13.50% 44 1,929,188.11 0.67
13.50% < Gross Coupon <= 13.75% 19 1,205,215.69 0.42
13.75% < Gross Coupon <= 14.00% 34 1,663,978.19 0.58
14.00% < Gross Coupon <= 14.25% 14 812,260.81 0.28
14.25% < Gross Coupon <= 14.50% 18 683,448.19 0.24
14.50% < Gross Coupon <= 14.75% 12 392,874.69 0.14
14.75% < Gross Coupon <= 15.00% 18 731,950.92 0.26
15.00% < Gross Coupon <= 15.25% 4 151,663.08 0.05
15.25% < Gross Coupon <= 15.50% 2 39,092.15 0.01
15.75% < Gross Coupon <= 16.00% 2 94,202.97 0.03
16.00% < Gross Coupon <= 16.25% 1 13,663.58 0.00
16.25% < Gross Coupon <= 16.50% 1 19,105.46 0.01
16.50% < Gross Coupon <= 16.75% 1 25,472.53 0.01
17.25% < Gross Coupon <= 17.50% 1 237,834.01 0.08
18.00% < Gross Coupon <= 18.50% 1 36,439.41 0.01
- --------------------------------------------------------------------------------
Total.......... 3458 $286,694,300.72 100.00%
================================================================================
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
108 < Orig. Term <= 120 12 274,400.58 0.10%
168 < Orig. Term <= 180 810 51,075,278.53 17.82%
228 < Orig. Term <= 240 162 9,957,023.12 3.47%
348 < Orig. Term <= 360 2,474 225,387,598.49 78.62%
- ----------------------------------------------------------------
Total............ 3,458 $286,694,300.72 100.00%
================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
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 12 274,400.58 0.10%
156 < Rem Term <= 168 4 184,314.17 0.06%
168 < Rem Term <= 180 806 50,890,964.36 17.75%
228 < Rem Term <= 240 162 9,957,023.12 3.47%
324 < Rem Term <= 336 6 614,843.70 0.21%
336 < Rem Term <= 348 7 1,289,490.54 0.45%
348 < Rem Term <= 360 2,461 223,483,264.25 77.95%
- -------------------------------------------------------------------
Total............ 3,458 $286,694,300.72 100.00%
===================================================================
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
0 < Age <= 12 3,444 284,940,543.63 99.39%
12 < Age <= 24 8 1,138,913.39 0.40%
24 < Age <= 36 6 614,843.70 0.21%
- ------------------------------------------------------------------
Total............ 3,458 $286,694,300.72 100.00%
===================================================================
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 1 35,580.03 0.01
10.000 < CLTV <= 15.000 4 116,744.32 0.04
15.000 < CLTV <= 20.000 13 665,116.58 0.23
20.000 < CLTV <= 25.000 6 260,016.19 0.09
25.000 < CLTV <= 30.000 35 1,917,755.41 0.67
30.000 < CLTV <= 35.000 50 2,570,011.01 0.90
35.000 < CLTV <= 40.000 69 3,715,869.18 1.30
40.000 < CLTV <= 45.000 70 4,324,341.12 1.51
45.000 < CLTV <= 50.000 118 8,477,620.37 2.96
50.000 < CLTV <= 55.000 113 7,715,690.37 2.69
55.000 < CLTV <= 60.000 193 13,192,811.54 4.60
60.000 < CLTV <= 65.000 298 19,510,931.85 6.81
65.000 < CLTV <= 70.000 375 30,911,171.74 10.78
70.000 < CLTV <= 75.000 535 44,028,992.92 15.36
75.000 < CLTV <= 80.000 794 72,618,159.91 25.33
80.000 < CLTV <= 85.000 488 46,884,663.07 16.35
85.000 < CLTV <= 90.000 296 29,748,825.11 10.38
- --------------------------------------------------------------------------
Total.................... 3,458 $286,694,300.72 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
5,000 < Balance <= 10,000 1 9,846.07 0.00
10,000 < Balance <= 15,000 22 308,931.96 0.11
15,000 < Balance <= 20,000 76 1,433,259.44 0.50
20,000 < Balance <= 25,000 122 2,801,362.62 0.98
25,000 < Balance <= 30,000 180 5,034,633.65 1.76
30,000 < Balance <= 35,000 190 6,213,410.97 2.17
35,000 < Balance <= 40,000 191 7,209,522.16 2.51
40,000 < Balance <= 45,000 193 8,288,596.00 2.89
45,000 < Balance <= 50,000 205 9,767,812.31 3.41
50,000 < Balance <= 55,000 198 10,429,565.80 3.64
55,000 < Balance <= 60,000 180 10,400,875.34 3.63
60,000 < Balance <= 65,000 156 9,806,471.09 3.42
65,000 < Balance <= 70,000 151 10,233,613.67 3.57
70,000 < Balance <= 75,000 152 11,011,202.01 3.84
75,000 < Balance <= 80,000 132 10,235,133.06 3.57
80,000 < Balance <= 85,000 120 9,932,913.54 3.46
85,000 < Balance <= 90,000 110 9,642,299.80 3.36
90,000 < Balance <= 95,000 81 7,522,342.36 2.62
95,000 < Balance <= 100,000 92 8,987,013.58 3.13
100,000 < Balance <= 105,000 88 9,050,285.22 3.16
105,000 < Balance <= 110,000 64 6,852,377.77 2.39
110,000 < Balance <= 115,000 67 7,516,803.81 2.62
115,000 < Balance <= 120,000 64 7,544,585.50 2.63
120,000 < Balance <= 125,000 44 5,395,710.54 1.88
125,000 < Balance <= 130,000 55 7,013,607.98 2.45
130,000 < Balance <= 135,000 33 4,366,129.95 1.52
135,000 < Balance <= 140,000 55 7,576,106.38 2.64
140,000 < Balance <= 145,000 30 4,288,033.52 1.50
145,000 < Balance <= 150,000 48 7,088,557.22 2.47
150,000 < Balance <= 200,000 189 32,544,697.97 11.35
200,000 < Balance <= 250,000 74 16,360,722.51 5.71
250,000 < Balance <= 300,000 36 9,949,318.29 3.47
300,000 < Balance <= 350,000 29 9,449,660.68 3.30
350,000 < Balance <= 400,000 16 5,987,238.90 2.09
400,000 < Balance <= 450,000 7 2,974,218.05 1.04
450,000 < Balance <= 500,000 4 1,904,734.26 0.66
500,000 < Balance <= 550,000 3 1,562,706.74 0.55
- -------------------------------------------------------------------------
Total.................... 3458 $286,694,300.72 100.00%
=========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
Alaska 8 1,215,707.05 0.42
Alabama 20 1,293,834.59 0.45
Arkansas 39 1,773,858.80 0.62
Arizona 75 4,934,694.76 1.72
California 686 78,297,679.46 27.31
Colorado 81 7,223,035.64 2.52
Connecticut 26 3,114,161.63 1.09
Dist of Col 17 1,438,848.40 0.50
Delaware 5 452,948.24 0.16
Florida 281 19,062,544.04 6.65
Georgia 144 10,334,166.29 3.60
Hawaii 89 16,136,531.10 5.63
Iowa 18 1,010,359.36 0.35
Idaho 34 3,014,107.24 1.05
Illinois 94 6,098,632.10 2.13
Indiana 39 2,106,527.33 0.73
Kansas 11 739,392.11 0.26
Kentucky 7 361,417.43 0.13
Louisiana 71 3,783,899.16 1.32
Massachsetts 26 2,735,306.42 0.95
Maryland 114 7,946,218.12 2.77
Maine 5 269,910.37 0.09
Michigan 104 6,007,956.76 2.10
Minnesota 56 3,821,571.97 1.33
Missouri 78 3,856,418.49 1.35
Mississippi 62 3,212,590.46 1.12
Montana 8 480,401.95 0.17
North Carolina 46 2,530,911.85 0.88
North Dakota 4 166,008.19 0.06
Nebraska 7 435,305.96 0.15
New Hampshire 4 310,120.39 0.11
New Jersey 65 5,905,369.78 2.06
New Mexico 37 2,823,407.43 0.98
Nevada 32 3,236,153.73 1.13
New York 132 13,675,889.03 4.77
Ohio 146 8,622,840.42 3.01
Oklahoma 53 2,681,199.01 0.94
Oregon 67 6,692,870.82 2.33
Pennsylvania 156 10,336,655.75 3.61
Rhode Island 17 1,503,538.98 0.52
South Carolina 30 1,426,291.27 0.50
South Dakota 3 146,145.43 0.05
Tennessee 53 3,663,956.15 1.28
Texas 207 14,380,118.06 5.02
Utah 65 5,861,514.38 2.04
Virginia 33 2,998,853.34 1.05
Vermont 2 144,024.08 0.05
Washington 71 6,730,462.60 2.35
Wisconsin 18 817,029.59 0.28
West Virgina 8 481,955.50 0.17
Wyoming 4 400,959.71 0.14
- --------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 3018 249,143,745.94 86.90
Manufactured Housing 32 1,702,129.40 0.59
PUD 58 5,991,869.74 2.09
Townhouses 7 444,682.97 0.16
Condominiums 108 8,036,212.71 2.80
2-4 Family 235 21,375,659.96 7.46
- -----------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
=============================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 3068 260,043,853.74 90.70
Non Owner Occ. 390 26,650,446.98 9.30
- ------------------------------------------------------------------------------
Total.................. 3458 $286,694,300.72 100.00%
==============================================================================
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 3320 281,203,854.92 98.08
2 138 5,490,445.80 1.92
- --------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 3263 269,990,152.39 94.17
Partially Amortizing 195 16,704,148.33 5.83
- -----------------------------------------------------------------------------
Total.................. 3458 $286,694,300.72 100.00%
=============================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
PAG CODE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 672 63,092,499.23 22.01
2 1660 148,984,957.08 51.97
3 615 46,541,352.20 16.23
4 198 11,007,481.01 3.84
5 313 17,068,011.20 5.95
- --------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LOAN TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
10 yr fxd 12 274,400.58 0.10
15 yr fxd 615 34,371,130.20 11.99
20 yr fxd 162 9,957,023.12 3.47
30 due 15 fxd 195 16,704,148.33 5.83
30 yr fxd 2471 225,234,402.29 78.56
5/25 arm 3 153,196.20 0.05
- ------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
ORIGINATOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
ORIGINATOR Loans Balance Balance
ALPHA MORTGAGE 4 225,404.00 0.08
ALTERNATIVE LEN 6 608,006.08 0.21
AMERICREDIT COR 3 300,149.17 0.10
AMERIQUEST 1 117,062.82 0.04
AMERIQUEST MTG 713 62,698,398.07 21.87
AMRESCO 632 49,955,966.26 17.42
ANCHOR MORTGAGE 1 237,834.01 0.08
ARMOR INVESTMEN 1 19,883.12 0.01
BAN-COR INC 2 146,340.78 0.05
BANKERS WHOLESA 3 157,377.29 0.05
BIRMINGHAM BANC 2 128,315.94 0.04
BUDGET FINANCE 1 46,878.39 0.02
C & G FINANCIAL 1 137,192.65 0.05
CAPITAL SEEKERS 2 55,744.32 0.02
CHAMPION CREDIT 5 579,180.13 0.20
CHASE MORTGAGE 4 156,021.49 0.05
CONCORD FUNDING 4 260,822.41 0.09
CONSOLIDATED MO 1 70,478.91 0.02
CONTINENTAL FUN 10 1,043,626.34 0.36
CORNERSTONE MOR 1 163,829.30 0.06
DFS FINANCIAL 14 1,184,151.73 0.41
DOERING MORTGAG 1 39,161.63 0.01
DOW GUARANTEE C 1 68,545.24 0.02
EDGE MORTGAGE S 3 170,581.91 0.06
EMPIRE MORTGAGE 5 333,125.13 0.12
EQUITY SECURED 7 454,287.08 0.16
EVEREST MORTGAG 4 356,404.08 0.12
FIRST AMERICAN 2 99,939.66 0.03
FIRST COLONY 2 333,182.97 0.12
FIRST NATIONAL 1 101,535.34 0.04
FOREMOST MORTGA 1 335,935.59 0.12
FRANKLIN MORTGA 1 136,624.58 0.05
FRONTIER INVEST 1 43,369.73 0.02
GATEWAY FINANCI 3 527,218.11 0.18
HOME MORTGAGE, 29 2,504,647.98 0.87
LONG BEACH MTG 7 1,135,935.20 0.40
MAGNA FUNDING C 1 163,943.72 0.06
MARATHON CAPITA 1 31,509.29 0.01
MEGO MORTGAGE A 21 1,433,175.43 0.50
MLSG INCORPORAT 2 189,245.49 0.07
MONEY MORTGAGE 30 1,785,061.24 0.62
MORTGAGE PLUS O 1 26,637.59 0.01
NATIONAL MORTGA 38 3,799,049.05 1.33
NEW CENTURY 883 73,291,230.24 25.56
PAN AMERCIAN BA 40 3,675,976.26 1.28
PAN AMERICAN 63 5,180,245.42 1.81
PARKWAY 13 1,196,212.82 0.42
PARKWAY MORTGAG 241 19,355,856.65 6.75
PEAK FINANCIAL 1 75,977.77 0.03
PENDING BROKER 1 45,285.66 0.02
PINNACLE FINANC 1 29,960.52 0.01
SAN DIEGO HOME 6 1,238,075.02 0.43
SMC LENDING INC 1 31,122.12 0.01
STANDARD FINANC 16 2,067,830.30 0.72
THE MORTGAGE CO 1 44,816.37 0.02
TIME DEPOSITS I 5 284,189.12 0.10
TITLE WEST 19 2,019,365.00 0.70
TOWN AND COUNTR 3 282,224.85 0.10
TRINITY MORTGAG 2 61,290.56 0.02
UNITED LENDING 51 4,407,045.60 1.54
US MORTGAGE INC 1 16,205.39 0.01
WALL STREET MOR 2 173,805.35 0.06
WEYERHAEUSER MO 535 40,855,806.45 14.25
- --------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY PREPAYMENT PENALTY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
PREPAYMENT PENALTY Loans Balance Balance
No 1,099 $83,585,781.89 29.16
Yes 2,359 $203,108,518.83 70.84
- -----------------------------------------------------------------------
Total..... 3,458 $286,694,300.72 100.00%
=======================================================================
*************** ARMS INCLUDED IN FIXED GROUP ***************
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
02/01/03 2 $97,232.16 63.47
04/01/03 1 $55,964.04 36.53
- ------------------------------------------------------------------
Total........ 3 $153,196.20 100.00%
==================================================================
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
6.000 < Margin <= 6.500 1 44,485.23 29.04
6.500 < Margin <= 7.000 1 55,964.04 36.53
7.500 < Margin <= 8.000 1 52,746.93 34.43
- --------------------------------------------------------------------------
Total................. 3 $153,196.20 100.00%
==========================================================================
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
17.975 1 44,485.23 29.04
18.500 1 55,964.04 36.53
19.650 1 52,746.93 34.43
- -----------------------------------------------------------------------
Total................. 3 $ 153,196.20 100.00%
=======================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
LIFE FLOOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Life Floor Loans Balance Balance
10.975 1 44,485.23 29.04
11.500 1 55,964.04 36.53
12.650 1 52,746.93 34.43
- --------------------------------------------------------------------------
Total................. 3 $153,196.20 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
- --------------------------------------------------------------------------------
- AMRESCO
- Cut Off Date of Tape is 4/30/98
- Adjustable Rate Collateral (06/01/97 Scheduled Balance)
- $476,861,337.34
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 5,358
Lien Status: First Lien Loans
Index: 6 Month LIBOR
Aggregate Unpaid Principal Balance: $476,861,337.34
Aggregate Original Principal Balance: $478,909,876.00
- --------------------------------------------------------------------------------
Weighted Average Coupon (Gross): 9.837%
Gross Coupon Range: 6.259% - 16.500%
Weighted Average Margin (Gross): 5.698%
Gross Margin Range: 3.325% - 9.875%
Weighted Average Life Cap (Gross): 15.898%
Gross Life Cap Range: 12.259% - 23.130%
Weighted Average Life Floor (Gross): 9.813%
Gross Life Floor Range: 6.259% - 16.500%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $88,999.88
Average Original Principal Balance: $89,382.21
Maximum Unpaid Principal Balance: $724,125.24
Minimum Unpaid Principal Balance: $10,097.03
Maximum Original Principal Balance: $730,000.00
Minimum Original Principal Balance: $10,214.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 340.259
Stated Rem Term Range: 115.000 - 359.000
Weighted Average Age (First Pay thru Paid Thru): 5.721
Age Range: 1.000 - 30.000
Weighted Average Original Term: 345.980
Original Term Range: 120.000 - 360.000
Weighted Average Original LTV: 75.133
Original LTV Range: 9.000% - 90.000%
Weighted Average Periodic Interest Cap: 1.002%
Periodic Interest Cap Range: 1.000% - 1.500%
Weighted Average Months to Interest Roll: 6.284
Months to Interest Roll Range: 1 - 34
Weighted Average Interest Roll Frequency: 6.000
Interest Frequency Range: 6 - 6
Weighted Average Initial Interest Cap: 1.137
Initial Interest Cap Range: 1 - 3
- --------------------------------------------------------------------------------
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>
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
6.00% < Gross Coupon <= 6.50% 2 205,235.44 0.04
6.50% < Gross Coupon <= 7.00% 68 6,841,704.57 1.43
7.00% < Gross Coupon <= 7.50% 106 11,986,214.91 2.51
7.50% < Gross Coupon <= 7.75% 41 5,349,425.42 1.12
7.75% < Gross Coupon <= 8.00% 185 21,907,839.46 4.59
8.00% < Gross Coupon <= 8.25% 69 9,569,223.71 2.01
8.25% < Gross Coupon <= 8.50% 189 20,866,371.22 4.38
8.50% < Gross Coupon <= 8.75% 137 15,854,768.19 3.32
8.75% < Gross Coupon <= 9.00% 321 35,486,611.79 7.44
9.00% < Gross Coupon <= 9.25% 121 12,595,615.30 2.64
9.25% < Gross Coupon <= 9.50% 240 22,062,135.32 4.63
9.50% < Gross Coupon <= 9.75% 320 34,692,602.98 7.28
9.75% < Gross Coupon <= 10.00% 1,023 94,581,067.43 19.83
10.00% < Gross Coupon <= 10.25% 341 29,848,776.59 6.26
10.25% < Gross Coupon <= 10.50% 828 65,126,571.83 13.66
10.50% < Gross Coupon <= 10.75% 166 12,826,595.11 2.69
10.75% < Gross Coupon <= 11.00% 469 32,872,703.50 6.89
11.00% < Gross Coupon <= 11.25% 60 4,953,395.09 1.04
11.25% < Gross Coupon <= 11.50% 146 9,356,088.15 1.96
11.50% < Gross Coupon <= 11.75% 56 3,329,600.92 0.70
11.75% < Gross Coupon <= 12.00% 147 9,094,517.61 1.91
12.00% < Gross Coupon <= 12.25% 22 1,161,512.63 0.24
12.25% < Gross Coupon <= 12.50% 63 3,594,180.74 0.75
12.50% < Gross Coupon <= 12.75% 64 3,540,958.55 0.74
12.75% < Gross Coupon <= 13.00% 69 3,699,390.41 0.78
13.00% < Gross Coupon <= 13.25% 15 737,390.84 0.15
13.25% < Gross Coupon <= 13.50% 19 1,132,424.10 0.24
13.50% < Gross Coupon <= 13.75% 12 453,272.27 0.10
13.75% < Gross Coupon <= 14.00% 25 1,233,145.40 0.26
14.00% < Gross Coupon <= 14.25% 2 136,835.91 0.03
14.25% < Gross Coupon <= 14.50% 14 827,960.79 0.17
14.50% < Gross Coupon <= 14.75% 2 94,119.31 0.02
14.75% < Gross Coupon <= 15.00% 8 424,081.29 0.09
15.25% < Gross Coupon <= 15.50% 4 181,037.87 0.04
15.50% < Gross Coupon <= 15.75% 1 59,353.77 0.01
16.00% < Gross Coupon <= 16.25% 2 121,644.87 0.03
16.25% < Gross Coupon <= 16.50% 1 56,964.05 0.01
- --------------------------------------------------------------------------------
Total.......... 5358 $476,861,337.34 100.00%
================================================================================
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 37,931.05 0.01%
168 < Orig. Term <= 180 493 23,884,668.30 5.01%
228 < Orig. Term <= 240 322 19,810,507.55 4.15%
348 < Orig. Term <= 360 4,542 433,128,230.44 90.83%
- ----------------------------------------------------------------
Total............ 5,358 $476,861,337.34 100.00%
================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
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 37,931.05 0.01%
168 < Rem Term <= 180 493 23,884,668.30 5.01%
228 < Rem Term <= 240 322 19,810,507.55 4.15%
324 < Rem Term <= 336 5 439,603.61 0.09%
336 < Rem Term <= 348 4 1,487,171.96 0.31%
348 < Rem Term <= 360 4,533 431,201,454.87 90.42%
- -------------------------------------------------------------------
Total............ 5,358 $476,861,337.34 100.00%
===================================================================
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
0 < Age <= 12 5,349 474,934,561.77 99.60%
12 < Age <= 24 5 1,572,699.94 0.33%
24 < Age <= 36 4 354,075.63 0.07%
- -------------------------------------------------------------------
Total............ 5,358 $476,861,337.34 100.00%
===================================================================
ORIGINAL LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
5.00 < LTV <= 10.00 3 65,879.79 0.01
10.00 < LTV <= 15.00 2 152,905.59 0.03
15.00 < LTV <= 20.00 6 207,377.93 0.04
20.00 < LTV <= 25.00 14 442,414.87 0.09
25.00 < LTV <= 30.00 18 713,728.48 0.15
30.00 < LTV <= 35.00 34 1,427,924.00 0.30
35.00 < LTV <= 40.00 46 2,192,657.64 0.46
40.00 < LTV <= 45.00 65 3,263,423.35 0.68
45.00 < LTV <= 50.00 76 4,450,139.10 0.93
50.00 < LTV <= 55.00 117 6,690,557.58 1.40
55.00 < LTV <= 60.00 308 18,748,038.32 3.93
60.00 < LTV <= 65.00 362 27,021,933.07 5.67
65.00 < LTV <= 70.00 641 48,943,169.29 10.26
70.00 < LTV <= 75.00 1198 104,455,474.79 21.90
75.00 < LTV <= 80.00 1862 190,619,342.96 39.97
80.00 < LTV <= 85.00 500 54,709,942.26 11.47
85.00 < LTV <= 90.00 106 12,756,428.32 2.68
- --------------------------------------------------------------------------
Total.................... 5358 $476,861,337.34 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
3.000 < Margin <= 3.500 5 415,912.52 0.09
3.500 < Margin <= 4.000 667 66,134,518.15 13.87
4.000 < Margin <= 4.500 613 54,955,223.80 11.52
4.500 < Margin <= 5.000 490 39,774,382.69 8.34
5.000 < Margin <= 5.500 338 30,992,964.38 6.50
5.500 < Margin <= 6.000 475 41,941,234.83 8.80
6.000 < Margin <= 6.500 525 45,439,983.30 9.53
6.500 < Margin <= 7.000 1,844 169,272,988.14 35.50
7.000 < Margin <= 7.500 328 23,083,204.86 4.84
7.500 < Margin <= 8.000 41 2,681,084.74 0.56
8.000 < Margin <= 8.500 15 1,159,367.59 0.24
8.500 < Margin <= 9.000 10 508,406.95 0.11
9.000 < Margin <= 9.500 5 349,176.66 0.07
9.500 < Margin <= 10.000 2 152,888.73 0.03
- --------------------------------------------------------------------------
Total................. 5,358 $476,861,337.34 100.00%
==========================================================================
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
12.000 < LIFE CAP <= 12.500 2 205,235.44 0.04
12.500 < LIFE CAP <= 13.000 70 7,198,888.08 1.51
13.000 < LIFE CAP <= 13.500 112 12,606,894.87 2.64
13.500 < LIFE CAP <= 14.000 234 27,825,273.44 5.84
14.000 < LIFE CAP <= 14.500 250 29,068,288.39 6.10
14.500 < LIFE CAP <= 15.000 429 46,057,217.67 9.66
15.000 < LIFE CAP <= 15.500 339 32,213,481.74 6.76
15.500 < LIFE CAP <= 16.000 1312 127,165,113.93 26.67
16.000 < LIFE CAP <= 16.500 1146 93,119,185.03 19.53
16.500 < LIFE CAP <= 17.000 636 47,782,852.94 10.02
17.000 < LIFE CAP <= 17.500 227 17,394,431.71 3.65
17.500 < LIFE CAP <= 18.000 233 15,671,037.48 3.29
18.000 < LIFE CAP <= 18.500 94 5,709,234.39 1.20
18.500 < LIFE CAP <= 19.000 135 7,485,838.16 1.57
19.000 < LIFE CAP <= 19.500 44 2,404,714.21 0.50
19.500 < LIFE CAP <= 20.000 45 2,234,296.24 0.47
20.000 < LIFE CAP <= 20.500 15 928,743.45 0.19
20.500 < LIFE CAP <= 21.000 15 743,351.77 0.16
21.000 < LIFE CAP <= 21.500 12 639,673.92 0.13
21.500 < LIFE CAP <= 22.000 5 228,975.56 0.05
22.000 < LIFE CAP <= 22.500 1 56,964.05 0.01
23.000 < LIFE CAP <= 23.500 2 121,644.87 0.03
- --------------------------------------------------------------------------
Total................. 5358 $476,861,337.34 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
LIFE FLOOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
6.000 < Life Floor <= 6.500 2 205,235.44 0.04
6.500 < Life Floor <= 7.000 71 7,408,006.58 1.55
7.000 < Life Floor <= 7.500 115 13,032,283.14 2.73
7.500 < Life Floor <= 8.000 236 28,032,529.95 5.88
8.000 < Life Floor <= 8.500 263 31,284,456.65 6.56
8.500 < Life Floor <= 9.000 471 52,366,456.68 10.98
9.000 < Life Floor <= 9.500 358 33,331,130.42 6.99
9.500 < Life Floor <= 10.000 1338 128,458,110.04 26.94
10.000 < Life Floor <= 10.500 1188 96,046,033.52 20.14
10.500 < Life Floor <= 11.000 623 45,076,477.96 9.45
11.000 < Life Floor <= 11.500 175 12,440,844.40 2.61
11.500 < Life Floor <= 12.000 197 11,818,197.92 2.48
12.000 < Life Floor <= 12.500 84 4,704,981.11 0.99
12.500 < Life Floor <= 13.000 133 7,240,348.96 1.52
13.000 < Life Floor <= 13.500 35 1,965,814.51 0.41
13.500 < Life Floor <= 14.000 37 1,686,417.67 0.35
14.000 < Life Floor <= 14.500 14 826,811.23 0.17
14.500 < Life Floor <= 15.000 10 518,200.60 0.11
15.000 < Life Floor <= 15.500 4 181,037.87 0.04
15.500 < Life Floor <= 16.000 1 59,353.77 0.01
16.000 < Life Floor <= 16.500 3 178,608.92 0.04
- --------------------------------------------------------------------------
Total................. 5358 $476,861,337.34 100.00%
==========================================================================
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
07/01/98 1779 $154,869,895.12 32.48
08/01/98 1 $134,128.23 00.03
09/01/98 3 $191,291.35 00.04
10/01/98 45 $3,457,854.77 00.73
11/01/98 1187 $101,432,201.36 21.27
12/01/98 1647 $140,743,705.81 29.51
04/01/99 1 $724,125.24 00.15
05/01/99 1 $596,660.15 00.13
07/01/99 2 $267,943.86 00.06
08/01/99 1 $111,661.04 00.02
09/01/99 6 $719,543.53 00.15
10/01/99 62 $6,853,218.52 01.44
11/01/99 123 $14,815,395.88 03.11
12/01/99 75 $7,949,260.70 01.67
01/01/00 120 $13,925,578.39 02.92
02/01/00 21 $1,700,868.03 00.36
03/01/00 11 $851,910.44 00.18
04/01/00 261 $25,437,409.09 05.33
05/01/00 1 $31,989.99 00.01
12/01/00 5 $947,660.31 00.20
01/01/01 3 $478,936.18 00.10
04/01/01 3 $620,099.35 00.13
- ------------------------------------------------------------------
Total........ 5358 $476,861,337.34 100.00%
==================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
ORIGINAL MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
10,000 < Balance <= 15,000 19 253,879.71 0.05
15,000 < Balance <= 20,000 67 1,241,503.53 0.26
20,000 < Balance <= 25,000 123 2,831,444.78 0.59
25,000 < Balance <= 30,000 201 5,607,832.66 1.18
30,000 < Balance <= 35,000 215 7,032,437.77 1.47
35,000 < Balance <= 40,000 258 9,709,090.34 2.04
40,000 < Balance <= 45,000 279 11,860,766.98 2.49
45,000 < Balance <= 50,000 252 11,957,861.33 2.51
50,000 < Balance <= 55,000 285 14,947,899.67 3.13
55,000 < Balance <= 60,000 317 18,206,902.06 3.82
60,000 < Balance <= 65,000 229 14,351,559.80 3.01
65,000 < Balance <= 70,000 236 15,875,138.11 3.33
70,000 < Balance <= 75,000 254 18,366,691.00 3.85
75,000 < Balance <= 80,000 220 17,050,999.50 3.58
80,000 < Balance <= 85,000 223 18,388,754.86 3.86
85,000 < Balance <= 90,000 188 16,478,196.21 3.46
90,000 < Balance <= 95,000 153 14,177,160.03 2.97
95,000 < Balance <= 100,000 214 20,818,375.61 4.37
100,000 < Balance <= 105,000 147 15,050,559.32 3.16
105,000 < Balance <= 110,000 123 13,237,620.30 2.78
110,000 < Balance <= 115,000 125 14,011,243.58 2.94
115,000 < Balance <= 120,000 131 15,396,652.24 3.23
120,000 < Balance <= 125,000 73 8,931,431.40 1.87
125,000 < Balance <= 130,000 87 11,076,691.24 2.32
130,000 < Balance <= 135,000 83 10,979,449.22 2.30
135,000 < Balance <= 140,000 92 12,628,212.27 2.65
140,000 < Balance <= 145,000 74 10,521,685.91 2.21
145,000 < Balance <= 150,000 57 8,387,304.71 1.76
150,000 < Balance <= 200,000 367 63,002,513.22 13.21
200,000 < Balance <= 250,000 129 28,934,396.64 6.07
250,000 < Balance <= 300,000 64 17,331,107.28 3.63
300,000 < Balance <= 350,000 29 9,422,886.65 1.98
350,000 < Balance <= 400,000 21 7,868,293.49 1.65
400,000 < Balance <= 450,000 11 4,748,874.86 1.00
450,000 < Balance <= 500,000 8 3,845,057.07 0.81
500,000 < Balance <= 550,000 2 1,010,078.60 0.21
550,000 < Balance <= 600,000 1 596,660.15 0.13
700,000 < Balance <= 750,000 1 724,125.24 0.15
- -----------------------------------------------------------------------------
Total.................... 5358 $476,861,337.34 100.00%
=============================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
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
10,000 < Balance <= 15,000 20 267,954.53 0.06
15,000 < Balance <= 20,000 67 1,247,146.65 0.26
20,000 < Balance <= 25,000 123 2,836,255.34 0.59
25,000 < Balance <= 30,000 203 5,673,136.17 1.19
30,000 < Balance <= 35,000 220 7,220,965.33 1.51
35,000 < Balance <= 40,000 254 9,590,107.83 2.01
40,000 < Balance <= 45,000 283 12,056,101.91 2.53
45,000 < Balance <= 50,000 251 11,951,959.13 2.51
50,000 < Balance <= 55,000 291 15,303,968.25 3.21
55,000 < Balance <= 60,000 312 17,965,691.55 3.77
60,000 < Balance <= 65,000 228 14,329,124.26 3.00
65,000 < Balance <= 70,000 238 16,060,333.29 3.37
70,000 < Balance <= 75,000 258 18,710,822.50 3.92
75,000 < Balance <= 80,000 210 16,317,982.23 3.42
80,000 < Balance <= 85,000 222 18,321,008.40 3.84
85,000 < Balance <= 90,000 189 16,575,052.94 3.48
90,000 < Balance <= 95,000 162 15,039,331.46 3.15
95,000 < Balance <= 100,000 205 19,984,276.43 4.19
100,000 < Balance <= 105,000 148 15,174,964.33 3.18
105,000 < Balance <= 110,000 123 13,257,224.30 2.78
110,000 < Balance <= 115,000 128 14,374,018.33 3.01
115,000 < Balance <= 120,000 128 15,073,167.58 3.16
120,000 < Balance <= 125,000 76 9,323,146.07 1.96
125,000 < Balance <= 130,000 86 10,985,323.44 2.30
130,000 < Balance <= 135,000 81 10,738,242.13 2.25
135,000 < Balance <= 140,000 95 13,066,472.19 2.74
140,000 < Balance <= 145,000 71 10,125,443.30 2.12
145,000 < Balance <= 150,000 57 8,407,375.32 1.76
150,000 < Balance <= 200,000 364 62,603,131.07 13.13
200,000 < Balance <= 250,000 129 28,977,325.68 6.08
250,000 < Balance <= 300,000 63 17,088,309.34 3.58
300,000 < Balance <= 350,000 31 10,119,122.90 2.12
350,000 < Balance <= 400,000 19 7,172,057.24 1.50
400,000 < Balance <= 450,000 11 4,748,874.86 1.00
450,000 < Balance <= 500,000 8 3,845,057.07 0.81
500,000 < Balance <= 550,000 2 1,010,078.60 0.21
550,000 < Balance <= 600,000 1 596,660.15 0.13
700,000 < Balance <= 750,000 1 724,125.24 0.15
- --------------------------------------------------------------------------
Total.................... 5358 $476,861,337.34 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
Alabama 83 4,939,131.01 1.04
Arkansas 14 814,864.38 0.17
Arizona 117 8,199,608.24 1.72
California 843 114,493,429.42 24.01
Colorado 184 18,475,761.20 3.87
Connecticut 57 7,231,668.35 1.52
Dist of Col 12 1,195,723.87 0.25
Delaware 36 2,817,941.87 0.59
Florida 393 29,161,605.58 6.12
Georgia 63 5,049,943.75 1.06
Hawaii 15 2,680,001.38 0.56
Iowa 42 1,935,894.19 0.41
Idaho 35 2,766,767.53 0.58
Illinois 320 28,631,071.18 6.00
Indiana 106 6,181,267.69 1.30
Kansas 40 1,998,054.43 0.42
Kentucky 36 1,880,706.40 0.39
Louisiana 23 1,283,245.54 0.27
Massachsetts 125 13,677,190.46 2.87
Maryland 85 7,626,306.21 1.60
Maine 11 639,131.37 0.13
Michigan 271 18,698,068.44 3.92
Minnesota 250 21,928,984.17 4.60
Missouri 157 9,493,197.07 1.99
Mississippi 18 1,094,888.39 0.23
Montana 2 73,758.66 0.02
North Carolina 91 6,478,276.30 1.36
North Dakota 1 34,382.69 0.01
Nebraska 9 524,526.33 0.11
New Hampshire 9 794,180.47 0.17
New Jersey 157 17,279,627.83 3.62
New Mexico 51 4,166,294.88 0.87
Nevada 34 3,230,807.78 0.68
New York 237 19,739,419.07 4.14
Ohio 271 17,694,351.76 3.71
Oklahoma 88 4,415,830.94 0.93
Oregon 130 12,531,305.21 2.63
Pennsylvania 286 18,234,926.80 3.82
Rhode Island 63 6,091,670.88 1.28
South Carolina 13 819,095.82 0.17
South Dakota 7 331,213.91 0.07
Tennessee 105 7,369,943.16 1.55
Texas 63 4,933,948.42 1.03
Utah 135 15,330,808.36 3.21
Virginia 15 1,788,670.47 0.38
Vermont 1 87,722.67 0.02
Washington 166 15,465,176.25 3.24
Wisconsin 57 4,483,805.48 0.94
West Virgina 11 705,604.06 0.15
Wyoming 20 1,361,537.02 0.29
- --------------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 4672 418,688,788.13 87.80
Manufactured Housing 99 5,393,394.60 1.13
PUD 53 6,089,274.00 1.28
Townhouses 36 2,940,010.45 0.62
Condominiums 157 13,696,027.09 2.87
2-4 Family 341 30,053,843.07 6.30
- --------------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 4802 439,601,810.68 92.19
Non Owner Occ. 556 37,259,526.66 7.81
- ----------------------------------------------------------------------------
Total.................. 5358 $476,861,337.34 100.00%
============================================================================
LOAN SUMMARY STRATIFIED BY
PRODUCT TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
2/28 arm 689 74,389,681.97 15.60
3/27 arm 11 2,046,695.84 0.43
6 mo libor 4658 400,424,959.53 83.97
- --------------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
==========================================================================
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 5358 476,861,337.34 100.00
- --------------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
PAG CODE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 1202 117,400,796.29 24.62
2 1871 173,990,886.57 36.49
3 1240 107,116,835.70 22.46
4 101 7,524,631.27 1.58
5 944 70,828,187.51 14.85
- -----------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
=======================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINATOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
ORIGINATOR Loans Balance Balance
ADMIRAL MORTGAG 1 154,912.03 0.03
ALTERNATIVE LEN 37 4,596,577.66 0.96
AMERICAN LENDIN 2 144,848.44 0.03
AMERICREDIT COR 7 894,010.79 0.19
AMERIQUEST MTG 4692 406,164,432.02 85.17
AMERISOUTH MORT 1 143,041.16 0.03
AMRESCO 285 27,334,596.63 5.73
BANKERS WHOLESA 1 137,467.77 0.03
BAYSHORE MORTGA 10 372,007.52 0.08
CHASE MORTGAGE 1 151,766.82 0.03
DOERING MORTGAG 2 85,247.65 0.02
EDGE MORTGAGE S 16 966,965.48 0.20
EQUITY SECURED 28 2,809,234.99 0.59
EVEREST MORTGAG 32 4,263,649.33 0.89
FEDERAL FUNDER 1 56,725.82 0.01
FIRST AMERICAN 1 94,796.52 0.02
GATEWAY FINANCI 2 272,066.20 0.06
GREAT NORTHERN 2 150,473.16 0.03
HERNANDEZ INVES 1 99,235.91 0.02
HOME MORTGAGE, 2 114,694.16 0.02
LONG BEACH MTG 7 1,760,389.00 0.37
MEGO MORTGAGE A 4 301,899.76 0.06
MINNESOTA FUNDI 1 88,296.41 0.02
MLSG INCORPORAT 6 892,692.59 0.19
MONEY MORTGAGE 1 124,893.06 0.03
MORTGAGE PLUS O 4 295,990.13 0.06
NATIONAL MORTGA 124 14,850,509.38 3.11
OAKMONT MORTGAG 11 1,590,604.89 0.33
PARAGON LENDING 1 53,182.14 0.01
PARKWAY MORTGAG 56 5,986,132.34 1.26
PENDING BROKER 2 128,360.52 0.03
QUALITY 2 166,386.57 0.03
STANDARD FINANC 11 1,263,103.30 0.26
T C R M ADVISOR 1 94,064.89 0.02
WEYERHAEUSER MO 3 258,082.30 0.05
- --------------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY PREPAYMENT PENALTY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
PREPAYMENT PENALTY Loans Balance Balance
No 2,318 $213,580,604.07 44.79
Yes 3,040 $263,280,733.27 55.21
- ----------------------------------------------------------------------
Total..... 5,358 $476,861,337.34 100.00%
======================================================================
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 5358 476,861,337.34 100.00
- --------------------------------------------------------------------------
Total.................. 5358 $476,861,337.34 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
$ [1,000,000,000]
AMRESCO 1998-2
---------------------------------------------
$[116,000,000] Class A-1 Fixed-Rate Certificates - [TBD%]
$ [61,000,000] Class A-2 Fixed-Rate Certificates - [TBD%]
$ [36,000,000] Class A-3 Fixed-Rate Certificates - [TBD%]
$ [37,000,000] Class A-4 Fixed-Rate Certificates - [TBD%]
$ [16,000,000] Class A-5 Fixed-Rate Certificates - [TBD%]
$ [35,000,000] Class A-6 Fixed-Rate Certificates - [TBD%]
$[150,000,000] Class A-7 Adjustable-Rate Certificates - [TBD + 1M LIBOR]
$[376,500,000] Class A-8 Adjustable-Rate Certificates - [TBD + 1M LIBOR]
$ [19,250,000] Class M-1F Fixed-Rate Certificates - [TBD%]
$ [52,000,000] Class M-1A Adjustable-Rate Certificates - [TBD + 1M LIBOR]
$ [15,750,000] Class M-2F Fixed-Rate Certificates - [TBD%]
$ [39,000,000] Class M-2A Adjustable-Rate Certificates - [TBD + 1M LIBOR]
$ [14,000,000] Class B-1F Fixed-Rate Certificates - [TBD%]
$ [32,500,000] Class B-1A Adjustable-Rate Certificates - [TBD + 1M LIBOR]
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
ALL CERTIFICATES
----------------
Title of Securities: AMRESCO Residential Securities Corporation Mortgage
Loan Trust 1998-2
Fixed-Rate
Certificates: Class A-1 through Class A-6 (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")
Adjustable-Rate
Certificates: Class A-7 and Class A-8 (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") The Adjustable-Rate
Certificates and Fixed-Rate Certificates being
collectively referred to as the "Certificates".
Collateral: Fixed and adjustable rate home equity mortgage loans,
respectively referred to as the "Fixed-Rate Loans" and
the "Adjustable-Rate Loans," together, referred to as
the "Mortgage Loans".
Depositor: AMRESCO Residential Securities Corporation
Seller: AMRESCO Residential Capital Markets, Inc.
Master Servicer: AMRESCO Residential Capital Markets, Inc.
Servicers: Ameriquest Mortgage Company, Wendover Financial
Services 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.
Servicing Fee: [50] bps per annum
Trustee: Norwest Bank Minnesota, N.A.
Pricing Date: [May 28, 1998]
Settlement Date: [June 11, 1998]
Certificate Ratings:
<TABLE>
<CAPTION>
---------Fixed-Rate Certificates--------- ---------Adjustable-Rate Certificates---------
Moody's Fitch [Duff] Moody's Fitch [Duff]
------ ------ ----- ------- ------ ------
<S> <C> <C> <C> <C> <C> <C>
Class A Aaa AAA [AAA] Aaa AAA [AAA]
Class M-1 Aa2 AA [AA] Aa2 AA [AA]
Class M-2 A2 A [A] A2 A [A]
Class B Baa3 BBB [BBB] Baa3 BBB- [BBB]
</TABLE>
10% Auction Call: The Trustee shall solicit bids for the purchase of
mortgage loans remaining in a Mortgage Loan Group when
the outstanding Certificate Balance of the related
group equals 10% or less of the original principal
balance of the Certificates in the related group. This
call can be exercised at no less than par plus accrued
interest. If the auction is not successful, the
Servicers will have the right to purchase the Mortgage
Loans in a Mortgage Loan Group when the outstanding
Certificate Balance of the related group has declined
to 5% of original, again, at no less than par plus
accrued interest.
Note: the Fixed-Rate and Adjustable-Rate Certificates
each has it own separate Auction Call.
ERISA Consideration: The Fixed-Rate Senior Certificates and the
Adjustable-Rate Senior Certificates will be ERISA
eligible. However, investors should consult with their
counsel with respect to the consequences under ERISA
and the Internal Revenue Code of the Plan's acquisition
and ownership of such Certificates.
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
ALL CERTIFICATES (Cont.)
------------------------
SMMEA Considerations: Only the Class A-7, Class A-8 and Class M-1A
Certificates will be SMMEA eligible. The remaining
Offered Certificates will NOT be SMMEA eligible.
Taxation: REMIC elections.
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 consummated unless the purchaser has received
the Prospectus.
Initial Class Sizes: Fixed-Rate Certificates Adjustable-Rate Certificates
-------- --------
Class A - [86.00%] Class A - [81.00%]
Class M-1 - [5.50%] Class M-1 - [8.00%]
Class M-2 - [4.50%] Class M-2 - [6.00%]
Class B - [4.00%] Class B - [5.00%]
O/C - [0 to 1.75%] O/C - [0 to 2.40%]
Subordinate IO: The Certificates will include separate Subordinate IO
strips off of the Fixed-Rate Loan group and the
Adjustable-Rate Loan group which are not offered
hereby. The Fixed-Rate Loan group Subordinate IO pays a
15% coupon for the first 24 months based on its
notional principal balance (defined as the sum of the
Class M-1F outstanding principal balance and the Class
M-2F outstanding principal balance). The Adjustable-
Rate Loan group Subordinate IO pays a 7.5% coupon for
the first 24 months based on its notional principal
balance ([defined as (i) for the first month, the Class
B-1A outstanding principal balance and (ii) for months
2 through 24, the sum of the Class M-2A outstanding
principal balance and the Class B-1A outstanding
principal balance]).
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
Overcollateralization
Targets: 1. Before the Stepdown Date, overcollateralization
builds to [1.75%] and [2.40%] of the original loan
balance of the Fixed-Rate and Adjustable-Rate Loan
groups, respectively.
2. On and after the Stepdown Date,
overcollateralization is maintained at [3.50%] and
[4.80%] of the outstanding loan balance of the
Fixed-Rate and Adjustable-Rate Loan groups,
respectively (subject to performance triggers).
3. The overcollateralization amount is subject to a
floor of [0.50%] of the original loan balance for
both loan groups.
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
ALL CERTIFICATES (Cont.)
------------------------
Interest Cashflow
Priority: Interest Collections (net of Servicing) will generally
be allocated in the following priority:
Fixed Rate Cashflows
1. Trustee fee
2. Class A-1-through Class A-6 current interest plus
unpaid interest shortfalls
3. M-1F current interest
4. M-2F current interest
5. B-1F current interest
6. Fixed-Rate Subordinate IO current interest
7. Build fixed-rate overcollateralization to the target
level
8. Unpaid interest shortfalls and reimbursements of
principal writedowns on Class M-1F, Class M-2F and
Class B-1F.
9. To the Adjustable-Rate Loan group in the order of
items 7 and 8, if necessary
Floating Rate Cashflows
1. Trustee Fee
2. Class A-7 and Class A-8 current interest plus unpaid
interest shortfalls
3. M-1A current interest
4. M-2A current interest
5. B-1A current interest
6. Adjustable-Rate Subordinate IO current interest
7. Build adjustable-rate overcollateralization to the
target level
8. Unpaid interest shortfalls and reimbursements of
principal writedowns on Class M-1A, Class M-2A and
Class B-1A
9. To the Fixed-Rate Loan group in the order of items 7
and 8, if necessary
Principal Cashflow
Priority: Collections of Principal before the Stepdown Date, or
if a Trigger Event exists, will be allocated in the
following priority:
Fixed-Rate Cashflows
1. Pay A-6 according to the following Lockout
Percentage:
July 1998 - June 2001 0%
July 2001 - June 2003 45%
July 2003 - June 2004 80%
July 2004 - June 2005 100%
July 2005 and thereafter 300%
2. Pay Classes A-1 through A-6 sequentially
3. Pay Classes M-1F, M-2F and B-1F sequentially
Floating-Rate Cashflows
1. Until the Class A-7 Certificate balance is
reduced to zero, collections of principal with
respect to the Adjustable-Rate Loan group will be
distributed to the Class A-7 and Class A-8
Certificates as follows; (i) 50% to the Class A-7
Certificates and (ii) 50% to the Class A-8
Certificates.
2. After the Class A-7 Certificate balance is
reduced to zero, all collections of principal
with respect to the Adjustable-Rate Loan group
will be distributed to the Class A-8 Certificates
until the Class A-8 Certificate balance is
reduced to zero.
3. Pay Classes M-1A, M-2A and B-1A sequentially.
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
ALL CERTIFICATES (Cont.)
------------------------
Collections of Principal on and after the Stepdown
date, (assuming no Trigger Event is in effect) will be
allocated in the following priority:
Fixed Rate-Cashflows
Pay Fixed-Rate Class A, Class M-1F, Class M-2F, and
Class B-1F concurrently in accordance with
enhancement targets, equal to 2.0 times the initial
enhancement for each class:
Targeted % Targeted Credit
of Pool Enhancement
Class A [68.5%] [31.5%]
Class M-1F [11.0] [20.5]
Class M-2F [9.0] [11.5]
Class B-1F [8.0] [3.5]
Overcollateralization [3.5]
Floating-Rate Cashflows
Pay Class A-7 and Class A-8 (according to Class A-7
and Class A-8 distribution percentages described
above), M-1A, M-2A, and B-1A concurrently in
accordance with enhancement targets equal to 2.0
times the initial enhancement for each class:
Targeted % Targeted Credit
of Pool Enhancement
Class A [57.2%] [42.8%]
Class M-1A [16.0%] [26.8%]
Class M-2A [12.0%] [14.8%]
Class B-1A [10.0%] [4.8%]
Overcollateralization [4.8%]
Fixed-Rate Certificates Senior Specified Enhancement Percentage: [31.50%]
Adjustable-Rate Certificates Senior Specified Enhancement Percentage: [42.80%]
Stepdown Date: With respect to a loan group, the later of: (x) the
37th Payment Date (July 2001) and (y) the first payment
date on which the Senior Enhancemnent Percentage is
greater than or equal to the related the Senior
Specified Enhancement Percentage.
Trigger Event: Occurs with respect to a loan group when 60+ day
delinquency percentage is greater than (x) 50% of the
senior enhancement percentage for the Fixed-Rate Loan
group or (y) 40% of the senior enhancement percentage
for the Adjustable-Rate Loan group.
Subordinate Trigger
Event: Occurs with respect to a loan group if both:
I. Realized losses exceed: Fixed ARMs
July 1998 - June 2000 [1.26%] [1.75%]
July 2000 - June 2001 [1.50%] [2.10%]
July 2001 - June 2002 [2.60%] [3.50%]
July 2002 - June 2003 [3.30%] [4.40%]
July 2003 - June 2004 [3.50%] [4.80%]
July 2004 - June 2005 [3.50%] [5.20%]
July 2005 - June 2006 [3.50%] [5.60%]
II. 60+ day delinquencies exceed:
July 2000 - June 2002 [4.00%] [4.00%]
July 2002 - June 2004 [5.50%] [5.50%]
July 2004 - June 2006 [8.00%] [8.00%]
If a Subordinate Trigger Event occurs,
overcollateralization is not released and the excess
cashflow attributable is paid to the related
subordinated classes in reverse order of seniority.
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
- --------------------------------------------------------------------------------
FIXED-RATE CERTIFICATES
Collateral: Fixed-Rate, First and Second Lien Mortgage Loans.
Approximate Group Size: [350,000,000]
<TABLE>
<CAPTION>
Class A-1 Class A-2 Class A-3 Class A-4 Class A-5** Class A-6
--------- --------- --------- --------- --------- --------
<S> <C> <C> <C> <C> <C> <C>
Approximate Face Amount: [ 116,000,000 61,000,000 36,000,000 37,000,000 16,000,000 35,000,000 ]
Avg Life to 10% Call Date: [ 0.8 years 2.0 years 3.0 years 5.1 years 8.0 years 6.5 years ]
Avg. Life to Maturity (app.) [ 0.8 years 2.0 years 3.0 years 5.1 years 12.1 years 6.7 years ]
Pass-Through Rate: [ TBD TBD TBD TBD TBD* TBD ]%
Price [ TBD TBD TBD TBD TBD TBD ]
Spread: Pricing Speed: [ 24 HEP 24 HEP 24 HEP 24 HEP 24 HEP 24 HEP ]
Yield to maturity (CBE): [ TBD TBD TBD TBD TBD TBD ]%
Day Count: [ 30/360 30/360 30/360 30/360 30/360 30/360 ]
Expected Maturity To Call: [ 12/25/99 12/25/00 03/25/02 05/25/06 05/25/06 05/25/06 ]
(at pricing speed)
Expected Maturity: [ 12/25/99 12/25/00 03/25/02 01/25/07 12/25/15 10/25/15 ]
(at pricing speed)
Stated Maturity: [ 12/25/15 05/25/22 02/25/25 04/25/27 03/25/28 12/25/27 ]
</TABLE>
Class M-1F Class M-2F Class B-1F
-------- ---------- ----------
Approximate Face Amount: [ 19,250,000 15,750,000 14,000,000 ]
Avg Life to 10% Call Date: [ 5.4 years 5.4 years 5.4 years ]
Avg. Life to Maturity (app.) [ 6.0 years 5.9 years 5.6 years ]
Pass-Through Rate: [ TBD* TBD* TBD* ]%
Price: [ TBD TBD TBD ]
Spread: [ TBD TBD TBD ]%
Pricing Speed [ 24 HEP 24 HEP 24 HEP ]
Yield to Maturity (CBE): [ TBD TBD TBD ]%
Day Count: [ 30/360 30/360 30/360 ]
Expected Maturity To Call: [ 05/25/06 05/25/06 05/25/06 ]
(at pricing speed)
Expected Maturity: [ 07/25/12 03/25/11 05/25/09 ]
(at pricing speed)
Stated Maturity: [ 03/25/28 03/25/28 03/25/28 ]
* [Pass-through rate may be subject to the Fixed-Rate Available Funds Cap]
** If an Auction Sale is not successful the coupon on the A-5 Class will
increase by 50%.
Fixed-Rate
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 Fixed-Rate
Loans for such Payment Date.
Pre-Funding Account: On the closing date, approximately [$52.5] million will
be deposited in a pre-funding account for the purchase
of additional fixed rate mortgage loans. From the
closing date until [August],1998, 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 with respect
to the Fixed-Rate loan group will be distributed
sequentially to the Class A-1, A-2, A-3, A-4, A-5 and
A-6 Certificateholders as prepayments based on the cash
flow priority on the [September 25], 1998 Payment Date.
Payment Date: The 25th day of each month or, if such day is not a
business day, the next succeeding business day,
beginning on [July 25], 1998.
Payment Delay: 24 days for the Fixed-Rate Certificates.
Coupon Step-Up at
10% Auction Call: If an Auction Sale is not successful the coupon on the
A-5 Class will increase by .50%.
Interest Accrual
Period: For the Fixed-Rate Certificates, interest will accrue
from the 1st day of the preceding month until the 30th
day of the preceding month.
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
- --------------------------------------------------------------------------------
ADJUSTABLE-RATE CERTIFICATES
Collateral: Adjustable-Rate, First Lien Mortgage Loans.
Approximate Group Size: [$650,000,000]
<TABLE>
<CAPTION>
Class A-7 Class A-8 Class M-1A Class M-2A Class B-1A
--------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C>
Approximate Face Amount: [ 150,000,000 376,500,000 52,000,000 39,000,000 32,500,000 ]
Avg Life to 10% Auction Call [ 0.9 years 2.8 years 5.0 years 4.9 years 4.8 years ]
Avg. Life to Maturity (app.) [ 0.9 years 3.1 years 5.5 years 5.4 years 5.1 years ]
Pass-Through Rate:* [ TBD TBD TBD TBD TBD ]%
Price [ TBD TBD TBD TBD TBD ]
Pricing Speed [ 27 CPR 27 CPR 27 CPR 27 CPR 27 CPR ]
Day Count: [ ACT/360 ACT/360 ACT/360 ACT/360 ACT/360 ]
Expected Maturity To Call: [ 04/25/00 07/25/05 07/25/05 07/25/05 07/25/05 ]
(at pricing speed)
Expected Maturity: [ 04/25/00 08/25/14 02/25/12 10/25/10 12/25/08 ]
(at pricing speed)
[ 06/25/20 06/25/28 06/25/28 06/25/28 06/25/28 ]
</TABLE>
Stated Maturity:
* Pass-through rate for the Adjustable-Rate Certificates is subject to the
Adjustable-Rate Available Funds Cap with shortfall reimbursement.
** For Class A-8, 1M LIBOR + 2 x Spread; and for Classes 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 Adjustable-Rate Available Funds Cap.
Adjustable-Rate
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 Adjustable-Rate
Loans for such Payment Date.
Pre-Funding Account: On the closing date, approximately [$97.5 million] will
be deposited in a pre-funding account for the purchase
of additional adjustable rate mortgage loans. From the
closing date until [August], 1998, 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-7 and Class A-8
Certificateholders as prepayments on the [September
25], 1998 Payment Date.
Coupon Step-Up at 10%
Auction Call: If the Auction Sale is not successful, the coupon on
the Class A-8 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 Adjustable-Rate Available Funds Cap.
Payment Date: The 25th day of each month or, if such day is not a
business day, the next succeeding business day,
beginning on [July 25], 1998.
Interest Accrual Period: Interest will accrue from the 25th day of the preceding
month ([June 11], for the first accrual period) until
the 24th day of the current month (from Payment Date to
Payment Date).
Interest and Payment
Adjustments: The interest rates and payments on the underlying
mortgage loans will generally adjust semi-annually.
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
AVAILABLE FUNDS CAP:
PERIODS DATE COUPON PERIODS DATE COUPON
- -------- -------- ------- -------- -------- -------
1 07/01/98 9.337 49 07/01/02 10.976
2 08/01/98 9.613 50 08/01/02 10.976
3 09/01/98 9.612 51 09/01/02 10.976
4 10/01/98 9.663 52 10/01/02 10.976
5 11/01/98 9.663 53 11/01/02 10.976
6 12/01/98 9.849 54 12/01/02 10.976
7 01/01/99 10.098 55 01/01/03 10.976
8 02/01/99 10.163 56 02/01/03 10.976
9 03/01/99 10.209 57 03/01/03 10.976
10 04/01/99 10.215 58 04/01/03 10.976
11 05/01/99 10.215 59 05/01/03 10.976
12 06/01/99 10.400 60 06/01/03 10.976
13 07/01/99 10.523 61 07/01/03 10.976
14 08/01/99 10.558 62 08/01/03 10.976
15 09/01/99 10.581 63 09/01/03 10.976
16 10/01/99 10.581 64 10/01/03 10.976
17 11/01/99 10.664 65 11/01/03 10.976
18 12/01/99 10.716 66 12/01/03 10.976
19 01/01/00 10.732 67 01/01/04 10.976
20 02/01/00 10.819 68 02/01/04 10.976
21 03/01/00 10.819 69 03/01/04 10.976
22 04/01/00 10.834 70 04/01/04 10.976
23 05/01/00 10.834 71 05/01/04 10.977
24 06/01/00 10.889 72 06/01/04 10.977
25 07/01/00 10.889
26 08/01/00 10.932
27 09/01/00 10.932
28 10/01/00 10.937
29 11/01/00 10.937
30 12/01/00 10.970
31 01/01/01 10.970
32 02/01/01 10.976
33 03/01/01 10.976
34 04/01/01 10.976
35 05/01/01 10.976
36 06/01/01 10.976
37 07/01/01 10.976
38 08/01/01 10.976
39 09/01/01 10.976
40 10/01/01 10.976
41 11/01/01 10.976
42 12/01/01 10.976
43 01/01/02 10.976
44 02/01/02 10.976
45 03/01/02 10.976
46 04/01/02 10.976
47 05/01/02 10.976
48 06/01/02 10.976
* Computed on a 30/360 day basis, by subtracting the applicable service fee from
the available collateral coupon assuming a constant 6M LIBOR.
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
<TABLE>
<CAPTION>
CURRENT BALANCE: $116,000,000.00 DATED DATE: 06/01/98
COUPON: 6.580% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $116,000,000.00 BOND A1 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.423 6.473 6.456 6.439 6.407 6.392 6.377 6.362
99-24+ 6.402 6.456 6.438 6.420 6.385 6.368 6.352 6.336
99-25 6.382 6.440 6.420 6.401 6.363 6.345 6.328 6.310
99-25+ 6.361 6.423 6.402 6.381 6.341 6.322 6.303 6.285
99-26 6.340 6.407 6.384 6.362 6.319 6.299 6.279 6.259
99-26+ 6.320 6.390 6.366 6.343 6.297 6.276 6.254 6.233
99-27 6.299 6.374 6.349 6.324 6.275 6.252 6.230 6.208
99-27+ 6.279 6.358 6.331 6.304 6.254 6.229 6.206 6.182
99-28 6.258 6.341 6.313 6.285 6.232 6.206 6.181 6.156
99-28+ 6.238 6.325 6.295 6.266 6.210 6.183 6.157 6.131
99-29 6.217 6.308 6.277 6.247 6.188 6.160 6.132 6.105
99-29+ 6.196 6.292 6.259 6.227 6.166 6.137 6.108 6.080
99-30 6.176 6.275 6.241 6.208 6.144 6.114 6.084 6.054
99-30+ 6.155 6.259 6.224 6.189 6.122 6.091 6.059 6.028
99-31 6.135 6.243 6.206 6.170 6.101 6.067 6.035 6.003
99-31+ 6.114 6.226 6.188 6.151 6.079 6.044 6.011 5.977
100-00 6.094 6.210 6.170 6.131 6.057 6.021 5.986 5.952
100-00+ 6.073 6.193 6.152 6.112 6.035 5.998 5.962 5.926
100-01 6.053 6.177 6.135 6.093 6.013 5.975 5.938 5.900
100-01+ 6.032 6.161 6.117 6.074 5.991 5.952 5.913 5.875
100-02 6.012 6.144 6.099 6.055 5.970 5.929 5.889 5.849
100-02+ 5.991 6.128 6.081 6.036 5.948 5.906 5.865 5.824
100-03 5.971 6.112 6.064 6.016 5.926 5.883 5.840 5.798
100-03+ 5.950 6.095 6.046 5.997 5.904 5.860 5.816 5.773
100-04 5.930 6.079 6.028 5.978 5.882 5.837 5.792 5.747
100-04+ 5.909 6.063 6.010 5.959 5.861 5.814 5.768 5.722
100-05 5.889 6.046 5.992 5.940 5.839 5.791 5.743 5.696
100-05+ 5.868 6.030 5.975 5.921 5.817 5.768 5.719 5.671
100-06 5.848 6.013 5.957 5.902 5.795 5.745 5.695 5.645
100-06+ 5.828 5.997 5.939 5.883 5.774 5.722 5.671 5.620
100-07 5.807 5.981 5.921 5.863 5.752 5.699 5.646 5.594
100-07+ 5.787 5.964 5.904 5.844 5.730 5.676 5.622 5.569
First Payment 0.122 0.122 0.122 0.122 0.122 0.122 0.122 0.122
Average Life 0.804 1.016 0.932 0.862 0.754 0.711 0.674 0.640
Last Payment 1.539 1.956 1.789 1.622 1.372 1.289 1.206 1.122
</TABLE>
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
<TABLE>
<CAPTION>
CURRENT BALANCE: $61,000,000.00 DATED DATE: 06/01/98
COUPON: 6.285% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $61,000,000.00 BOND A2 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.276 6.297 6.290 6.283 6.269 6.262 6.255 6.247
99-24+ 6.268 6.291 6.283 6.275 6.260 6.252 6.244 6.236
99-25 6.259 6.284 6.276 6.267 6.251 6.242 6.234 6.225
99-25+ 6.251 6.278 6.269 6.260 6.241 6.232 6.223 6.214
99-26 6.242 6.271 6.261 6.252 6.232 6.222 6.212 6.203
99-26+ 6.234 6.265 6.254 6.244 6.223 6.213 6.202 6.191
99-27 6.225 6.258 6.247 6.236 6.214 6.203 6.191 6.180
99-27+ 6.217 6.251 6.240 6.228 6.205 6.193 6.181 6.169
99-28 6.208 6.245 6.233 6.220 6.196 6.183 6.170 6.158
99-28+ 6.200 6.238 6.225 6.213 6.186 6.173 6.160 6.147
99-29 6.191 6.232 6.218 6.205 6.177 6.163 6.149 6.136
99-29+ 6.183 6.225 6.211 6.197 6.168 6.154 6.139 6.124
99-30 6.174 6.219 6.204 6.189 6.159 6.144 6.128 6.113
99-30+ 6.166 6.212 6.197 6.181 6.150 6.134 6.118 6.102
99-31 6.157 6.206 6.189 6.173 6.141 6.124 6.107 6.091
99-31+ 6.149 6.199 6.182 6.165 6.131 6.114 6.097 6.080
100-00 6.140 6.193 6.175 6.158 6.122 6.104 6.086 6.069
100-00+ 6.132 6.186 6.168 6.150 6.113 6.095 6.076 6.057
100-01 6.123 6.180 6.161 6.142 6.104 6.085 6.065 6.046
100-01+ 6.115 6.173 6.154 6.134 6.095 6.075 6.055 6.035
100-02 6.106 6.167 6.146 6.126 6.086 6.065 6.045 6.024
100-02+ 6.098 6.160 6.139 6.118 6.077 6.055 6.034 6.013
100-03 6.089 6.153 6.132 6.111 6.067 6.046 6.024 6.002
100-03+ 6.081 6.147 6.125 6.103 6.058 6.036 6.013 5.991
100-04 6.072 6.140 6.118 6.095 6.049 6.026 6.003 5.979
100-04+ 6.064 6.134 6.110 6.087 6.040 6.016 5.992 5.968
100-05 6.055 6.127 6.103 6.079 6.031 6.006 5.982 5.957
100-05+ 6.047 6.121 6.096 6.072 6.022 5.996 5.971 5.946
100-06 6.038 6.114 6.089 6.064 6.013 5.987 5.961 5.935
100-06+ 6.030 6.108 6.082 6.056 6.004 5.977 5.950 5.924
100-07 6.021 6.101 6.075 6.048 5.994 5.967 5.940 5.913
100-07+ 6.013 6.095 6.067 6.040 5.985 5.957 5.929 5.902
First Payment 1.539 1.956 1.789 1.622 1.372 1.289 1.206 1.122
Average Life 2.007 2.664 2.401 2.187 1.853 1.720 1.604 1.503
Last Payment 2.539 3.456 3.039 2.789 2.372 2.206 2.039 1.872
</TABLE>
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
<TABLE>
<CAPTION>
CURRENT BALANCE: $36,000,000.00 DATED DATE: 06/01/98
COUPON: 6.300% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $36,000,000.00 BOND A3 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.320 6.337 6.332 6.326 6.313 6.308 6.303 6.297
99-24+ 6.314 6.333 6.327 6.321 6.307 6.301 6.295 6.289
99-25 6.308 6.329 6.322 6.316 6.300 6.294 6.288 6.281
99-25+ 6.302 6.324 6.318 6.311 6.294 6.287 6.280 6.273
99-26 6.297 6.320 6.313 6.305 6.287 6.280 6.273 6.266
99-26+ 6.291 6.316 6.308 6.300 6.281 6.273 6.265 6.258
99-27 6.285 6.312 6.303 6.295 6.274 6.266 6.258 6.250
99-27+ 6.279 6.307 6.299 6.290 6.268 6.259 6.250 6.242
99-28 6.273 6.303 6.294 6.284 6.261 6.252 6.243 6.234
99-28+ 6.267 6.299 6.289 6.279 6.255 6.245 6.236 6.226
99-29 6.262 6.295 6.285 6.274 6.248 6.238 6.228 6.218
99-29+ 6.256 6.290 6.280 6.269 6.242 6.231 6.221 6.210
99-30 6.250 6.286 6.275 6.263 6.235 6.224 6.213 6.202
99-30+ 6.244 6.282 6.270 6.258 6.229 6.217 6.206 6.194
99-31 6.238 6.278 6.266 6.253 6.222 6.210 6.198 6.186
99-31+ 6.232 6.273 6.261 6.248 6.216 6.204 6.191 6.178
100-00 6.227 6.269 6.256 6.242 6.209 6.197 6.184 6.170
100-00+ 6.221 6.265 6.251 6.237 6.203 6.190 6.176 6.163
100-01 6.215 6.261 6.247 6.232 6.196 6.183 6.169 6.155
100-01+ 6.209 6.256 6.242 6.227 6.190 6.176 6.161 6.147
100-02 6.203 6.252 6.237 6.221 6.184 6.169 6.154 6.139
100-02+ 6.198 6.248 6.233 6.216 6.177 6.162 6.146 6.131
100-03 6.192 6.244 6.228 6.211 6.171 6.155 6.139 6.123
100-03+ 6.186 6.239 6.223 6.206 6.164 6.148 6.132 6.115
100-04 6.180 6.235 6.218 6.200 6.158 6.141 6.124 6.107
100-04+ 6.174 6.231 6.214 6.195 6.151 6.134 6.117 6.099
100-05 6.168 6.227 6.209 6.190 6.145 6.127 6.109 6.091
100-05+ 6.163 6.222 6.204 6.185 6.138 6.120 6.102 6.083
100-06 6.157 6.218 6.200 6.179 6.132 6.113 6.095 6.076
100-06+ 6.151 6.214 6.195 6.174 6.125 6.106 6.087 6.068
100-07 6.145 6.210 6.190 6.169 6.119 6.099 6.080 6.060
100-07+ 6.139 6.206 6.185 6.164 6.113 6.093 6.072 6.052
First Payment 2.539 3.456 3.039 2.789 2.372 2.206 2.039 1.872
Average Life 3.019 4.311 3.813 3.395 2.690 2.490 2.316 2.162
Last Payment 3.789 5.372 4.706 4.206 3.039 2.872 2.622 2.456
</TABLE>
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
<TABLE>
<CAPTION>
CURRENT BALANCE: $37,000,000.00 DATED DATE: 06/01/98
COUPON: 6.480% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $37,000,000.00 BOND A4 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.525 6.539 6.535 6.530 6.520 6.514 6.507 6.498
99-24+ 6.521 6.536 6.532 6.527 6.516 6.509 6.501 6.492
99-25 6.517 6.534 6.529 6.524 6.512 6.504 6.496 6.486
99-25+ 6.514 6.531 6.526 6.520 6.507 6.500 6.491 6.480
99-26 6.510 6.529 6.523 6.517 6.503 6.495 6.485 6.474
99-26+ 6.506 6.526 6.520 6.514 6.499 6.490 6.480 6.468
99-27 6.502 6.524 6.518 6.511 6.495 6.486 6.475 6.462
99-27+ 6.499 6.521 6.515 6.507 6.491 6.481 6.470 6.456
99-28 6.495 6.518 6.512 6.504 6.487 6.476 6.464 6.450
99-28+ 6.491 6.516 6.509 6.501 6.482 6.471 6.459 6.444
99-29 6.487 6.513 6.506 6.497 6.478 6.467 6.454 6.438
99-29+ 6.484 6.511 6.503 6.494 6.474 6.462 6.448 6.432
99-30 6.480 6.508 6.500 6.491 6.470 6.457 6.443 6.426
99-30+ 6.476 6.506 6.497 6.488 6.466 6.453 6.438 6.420
99-31 6.472 6.503 6.495 6.484 6.462 6.448 6.433 6.414
99-31+ 6.469 6.501 6.492 6.481 6.458 6.443 6.427 6.408
100-00 6.465 6.498 6.489 6.478 6.453 6.439 6.422 6.402
100-00+ 6.461 6.496 6.486 6.475 6.449 6.434 6.417 6.396
100-01 6.458 6.493 6.483 6.471 6.445 6.429 6.411 6.390
100-01+ 6.454 6.491 6.480 6.468 6.441 6.425 6.406 6.384
100-02 6.450 6.488 6.477 6.465 6.437 6.420 6.401 6.378
100-02+ 6.446 6.486 6.475 6.462 6.433 6.415 6.396 6.373
100-03 6.443 6.483 6.472 6.458 6.429 6.411 6.390 6.367
100-03+ 6.439 6.481 6.469 6.455 6.424 6.406 6.385 6.361
100-04 6.435 6.478 6.466 6.452 6.420 6.401 6.380 6.355
100-04+ 6.431 6.475 6.463 6.448 6.416 6.397 6.374 6.349
100-05 6.428 6.473 6.460 6.445 6.412 6.392 6.369 6.343
100-05+ 6.424 6.470 6.457 6.442 6.408 6.387 6.364 6.337
100-06 6.420 6.468 6.454 6.439 6.404 6.383 6.359 6.331
100-06+ 6.417 6.465 6.452 6.435 6.400 6.378 6.353 6.325
100-07 6.413 6.463 6.449 6.432 6.395 6.373 6.348 6.319
100-07+ 6.409 6.460 6.446 6.429 6.391 6.369 6.343 6.313
First Payment 3.789 5.372 4.706 4.206 3.039 2.872 2.622 2.456
Average Life 5.058 8.300 7.052 5.977 4.457 3.883 3.386 2.941
Last Payment 8.622 12.456 11.206 10.039 6.122 5.289 4.706 4.206
</TABLE>
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
<TABLE>
<CAPTION>
CURRENT BALANCE: $16,000,000.00 DATED DATE: 06/01/98
COUPON: 6.875% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $16,000,000.00 BOND A5 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 7.074 7.062 7.067 7.073 7.063 7.046 7.018 6.973
99-24+ 7.072 7.060 7.065 7.071 7.061 7.043 7.015 6.970
99-25 7.070 7.059 7.064 7.069 7.059 7.041 7.012 6.966
99-25+ 7.068 7.057 7.062 7.067 7.056 7.038 7.010 6.963
99-26 7.066 7.055 7.060 7.065 7.054 7.036 7.007 6.959
99-26+ 7.064 7.054 7.058 7.063 7.052 7.033 7.004 6.956
99-27 7.062 7.052 7.056 7.061 7.050 7.031 7.001 6.952
99-27+ 7.060 7.050 7.055 7.060 7.048 7.028 6.998 6.949
99-28 7.058 7.049 7.053 7.058 7.046 7.026 6.995 6.946
99-28+ 7.056 7.047 7.051 7.056 7.043 7.023 6.992 6.942
99-29 7.054 7.045 7.049 7.054 7.041 7.021 6.989 6.939
99-29+ 7.052 7.044 7.048 7.052 7.039 7.018 6.987 6.935
99-30 7.050 7.042 7.046 7.050 7.037 7.016 6.984 6.932
99-30+ 7.049 7.040 7.044 7.048 7.035 7.014 6.981 6.928
99-31 7.047 7.039 7.042 7.047 7.032 7.011 6.978 6.925
99-31+ 7.045 7.037 7.041 7.045 7.030 7.009 6.975 6.921
100-00 7.043 7.035 7.039 7.043 7.028 7.006 6.972 6.918
100-00+ 7.041 7.034 7.037 7.041 7.026 7.004 6.969 6.915
100-01 7.039 7.032 7.035 7.039 7.024 7.001 6.967 6.911
100-01+ 7.037 7.030 7.034 7.037 7.022 6.999 6.964 6.908
100-02 7.035 7.029 7.032 7.035 7.019 6.996 6.961 6.904
100-02+ 7.033 7.027 7.030 7.034 7.017 6.994 6.958 6.901
100-03 7.031 7.025 7.028 7.032 7.015 6.991 6.955 6.897
100-03+ 7.029 7.024 7.027 7.030 7.013 6.989 6.952 6.894
100-04 7.027 7.022 7.025 7.028 7.011 6.986 6.949 6.890
100-04+ 7.025 7.020 7.023 7.026 7.009 6.984 6.946 6.887
100-05 7.023 7.019 7.021 7.024 7.006 6.981 6.944 6.884
100-05+ 7.021 7.017 7.020 7.022 7.004 6.979 6.941 6.880
100-06 7.019 7.015 7.018 7.021 7.002 6.977 6.938 6.877
100-06+ 7.017 7.014 7.016 7.019 7.000 6.974 6.935 6.873
100-07 7.015 7.012 7.014 7.017 6.998 6.972 6.932 6.870
100-07+ 7.013 7.010 7.013 7.015 6.995 6.969 6.929 6.866
First Payment 8.622 12.456 11.206 10.039 6.122 5.289 4.706 4.206
Average Life 12.091 15.935 14.522 13.261 10.514 8.923 7.342 5.769
Last Payment 17.539 22.539 20.706 19.039 16.206 15.039 14.122 13.206
</TABLE>
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
<TABLE>
<CAPTION>
CURRENT BALANCE: $16,000,000.00 DATED DATE: 06/01/98
COUPON: 6.875% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $16,000,000.00 BOND A5 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.939 6.946 6.944 6.942 6.936 6.933 6.929 6.924
99-24+ 6.937 6.944 6.942 6.939 6.934 6.930 6.925 6.920
99-25 6.934 6.942 6.939 6.937 6.931 6.927 6.922 6.916
99-25+ 6.932 6.940 6.937 6.934 6.928 6.924 6.918 6.913
99-26 6.929 6.937 6.935 6.932 6.925 6.920 6.915 6.909
99-26+ 6.926 6.935 6.933 6.929 6.922 6.917 6.912 6.905
99-27 6.924 6.933 6.930 6.927 6.919 6.914 6.908 6.901
99-27+ 6.921 6.931 6.928 6.924 6.917 6.911 6.905 6.897
99-28 6.918 6.929 6.926 6.922 6.914 6.908 6.901 6.894
99-28+ 6.916 6.927 6.923 6.920 6.911 6.905 6.898 6.890
99-29 6.913 6.925 6.921 6.917 6.908 6.902 6.894 6.886
99-29+ 6.911 6.923 6.919 6.915 6.905 6.899 6.891 6.882
99-30 6.908 6.920 6.917 6.912 6.902 6.896 6.888 6.878
99-30+ 6.905 6.918 6.914 6.910 6.900 6.892 6.884 6.875
99-31 6.903 6.916 6.912 6.907 6.897 6.889 6.881 6.871
99-31+ 6.900 6.914 6.910 6.905 6.894 6.886 6.877 6.867
100-00 6.898 6.912 6.907 6.902 6.891 6.883 6.874 6.863
100-00+ 6.895 6.910 6.905 6.900 6.888 6.880 6.870 6.860
100-01 6.892 6.908 6.903 6.898 6.885 6.877 6.867 6.856
100-01+ 6.890 6.906 6.901 6.895 6.883 6.874 6.864 6.852
100-02 6.887 6.903 6.898 6.893 6.880 6.871 6.860 6.848
100-02+ 6.884 6.901 6.896 6.890 6.877 6.868 6.857 6.845
100-03 6.882 6.899 6.894 6.888 6.874 6.865 6.853 6.841
100-03+ 6.879 6.897 6.892 6.885 6.871 6.861 6.850 6.837
100-04 6.877 6.895 6.889 6.883 6.868 6.858 6.847 6.833
100-04+ 6.874 6.893 6.887 6.880 6.866 6.855 6.843 6.829
100-05 6.871 6.891 6.885 6.878 6.863 6.852 6.840 6.826
100-05+ 6.869 6.889 6.882 6.876 6.860 6.849 6.836 6.822
100-06 6.866 6.886 6.880 6.873 6.857 6.846 6.833 6.818
100-06+ 6.864 6.884 6.878 6.871 6.854 6.843 6.830 6.814
100-07 6.861 6.882 6.876 6.868 6.851 6.840 6.826 6.811
100-07+ 6.858 6.880 6.873 6.866 6.849 6.837 6.823 6.807
First Payment 7.956 10.622 9.622 8.706 6.122 5.289 4.706 4.206
Average Life 7.956 10.622 9.622 8.706 7.163 6.389 5.671 5.028
Last Payment 7.956 10.622 9.622 8.706 7.372 6.789 6.289 5.872
</TABLE>
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
<TABLE>
<CAPTION>
CURRENT BALANCE: $35,000,000.00 DATED DATE: 06/01/98
COUPON: 6.420% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $35,000,000.00 BOND A6 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.473 6.474 6.473 6.473 6.473 6.473 6.473 6.473
99-24+ 6.470 6.471 6.470 6.470 6.470 6.470 6.470 6.470
99-25 6.467 6.468 6.468 6.467 6.467 6.467 6.467 6.467
99-25+ 6.464 6.465 6.465 6.464 6.464 6.464 6.464 6.464
99-26 6.461 6.462 6.462 6.461 6.461 6.461 6.461 6.461
99-26+ 6.458 6.459 6.459 6.458 6.458 6.458 6.458 6.458
99-27 6.455 6.457 6.456 6.455 6.455 6.455 6.455 6.455
99-27+ 6.452 6.454 6.453 6.452 6.452 6.452 6.452 6.452
99-28 6.449 6.451 6.450 6.449 6.449 6.449 6.449 6.449
99-28+ 6.446 6.448 6.447 6.447 6.446 6.446 6.446 6.446
99-29 6.443 6.445 6.444 6.444 6.443 6.443 6.443 6.443
99-29+ 6.440 6.442 6.441 6.441 6.440 6.440 6.440 6.440
99-30 6.437 6.439 6.438 6.438 6.437 6.437 6.437 6.437
99-30+ 6.434 6.437 6.435 6.435 6.434 6.434 6.434 6.435
99-31 6.431 6.434 6.433 6.432 6.431 6.431 6.431 6.432
99-31+ 6.428 6.431 6.430 6.429 6.428 6.428 6.428 6.429
100-00 6.425 6.428 6.427 6.426 6.425 6.425 6.425 6.426
100-00+ 6.422 6.425 6.424 6.423 6.422 6.422 6.422 6.423
100-01 6.419 6.422 6.421 6.420 6.419 6.419 6.419 6.420
100-01+ 6.416 6.419 6.418 6.417 6.416 6.416 6.416 6.417
100-02 6.414 6.416 6.415 6.414 6.413 6.413 6.413 6.414
100-02+ 6.411 6.414 6.412 6.411 6.410 6.410 6.410 6.411
100-03 6.408 6.411 6.409 6.408 6.407 6.407 6.407 6.408
100-03+ 6.405 6.408 6.406 6.405 6.404 6.404 6.404 6.405
100-04 6.402 6.405 6.404 6.402 6.401 6.401 6.401 6.402
100-04+ 6.399 6.402 6.401 6.400 6.398 6.398 6.398 6.399
100-05 6.396 6.399 6.398 6.397 6.395 6.395 6.395 6.396
100-05+ 6.393 6.396 6.395 6.394 6.392 6.392 6.392 6.393
100-06 6.390 6.394 6.392 6.391 6.389 6.389 6.390 6.390
100-06+ 6.387 6.391 6.389 6.388 6.386 6.386 6.387 6.387
100-07 6.384 6.388 6.386 6.385 6.383 6.383 6.384 6.384
100-07+ 6.381 6.385 6.383 6.382 6.380 6.380 6.381 6.382
First Payment 3.289 3.122 3.122 3.206 3.456 3.539 3.706 3.872
Average Life 6.743 7.049 6.910 6.811 6.704 6.693 6.718 6.785
Last Payment 17.372 22.289 20.539 18.872 16.039 14.539 13.956 13.039
</TABLE>
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
<TABLE>
<CAPTION>
CURRENT BALANCE: $19,250,000.00 DATED DATE: 06/01/98
COUPON: 6.875% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $19,250,000.00 BOND M1F BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.929 6.937 6.935 6.932 6.927 6.924 6.923 6.921
99-24+ 6.926 6.935 6.932 6.929 6.923 6.921 6.919 6.917
99-25 6.922 6.932 6.929 6.925 6.919 6.917 6.915 6.913
99-25+ 6.919 6.929 6.926 6.922 6.916 6.913 6.911 6.909
99-26 6.915 6.926 6.923 6.919 6.912 6.909 6.907 6.905
99-26+ 6.912 6.924 6.920 6.916 6.909 6.906 6.903 6.901
99-27 6.909 6.921 6.917 6.913 6.905 6.902 6.899 6.897
99-27+ 6.905 6.918 6.914 6.909 6.902 6.898 6.895 6.893
99-28 6.902 6.915 6.911 6.906 6.898 6.895 6.892 6.889
99-28+ 6.898 6.913 6.908 6.903 6.894 6.891 6.888 6.885
99-29 6.895 6.910 6.905 6.900 6.891 6.887 6.884 6.881
99-29+ 6.892 6.907 6.902 6.897 6.887 6.883 6.880 6.877
99-30 6.888 6.904 6.899 6.893 6.884 6.880 6.876 6.873
99-30+ 6.885 6.901 6.896 6.890 6.880 6.876 6.872 6.869
99-31 6.881 6.899 6.893 6.887 6.877 6.872 6.868 6.865
99-31+ 6.878 6.896 6.890 6.884 6.873 6.868 6.865 6.861
100-00 6.875 6.893 6.887 6.881 6.869 6.865 6.861 6.857
100-00+ 6.871 6.890 6.884 6.877 6.866 6.861 6.857 6.853
100-01 6.868 6.888 6.881 6.874 6.862 6.857 6.853 6.849
100-01+ 6.865 6.885 6.878 6.871 6.859 6.853 6.849 6.845
100-02 6.861 6.882 6.875 6.868 6.855 6.850 6.845 6.841
100-02+ 6.858 6.879 6.872 6.865 6.852 6.846 6.841 6.838
100-03 6.854 6.877 6.869 6.861 6.848 6.842 6.837 6.834
100-03+ 6.851 6.874 6.866 6.858 6.844 6.839 6.834 6.830
100-04 6.848 6.871 6.863 6.855 6.841 6.835 6.830 6.826
100-04+ 6.844 6.868 6.860 6.852 6.837 6.831 6.826 6.822
100-05 6.841 6.866 6.857 6.849 6.834 6.827 6.822 6.818
100-05+ 6.837 6.863 6.854 6.846 6.830 6.824 6.818 6.814
100-06 6.834 6.860 6.851 6.842 6.827 6.820 6.814 6.810
100-06+ 6.831 6.857 6.848 6.839 6.823 6.816 6.810 6.806
100-07 6.827 6.855 6.845 6.836 6.819 6.812 6.807 6.802
100-07+ 6.824 6.852 6.842 6.833 6.816 6.809 6.803 6.798
First Payment 3.206 3.539 3.122 3.122 3.289 3.372 3.372 3.456
Average Life 5.971 7.838 7.088 6.469 5.569 5.250 5.003 4.814
Last Payment 14.122 18.206 16.539 15.122 13.039 12.122 11.206 10.456
</TABLE>
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
<TABLE>
<CAPTION>
CURRENT BALANCE: $15,750,000.00 DATED DATE: 06/01/98
COUPON: 7.125% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $15,750,000.00 BOND M2F BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 7.182 7.191 7.188 7.185 7.179 7.176 7.174 7.172
99-24+ 7.178 7.188 7.185 7.182 7.175 7.173 7.170 7.168
99-25 7.175 7.186 7.182 7.178 7.172 7.169 7.166 7.164
99-25+ 7.172 7.183 7.179 7.175 7.168 7.165 7.162 7.159
99-26 7.168 7.180 7.176 7.172 7.164 7.161 7.158 7.155
99-26+ 7.165 7.177 7.173 7.169 7.161 7.157 7.154 7.151
99-27 7.161 7.174 7.170 7.165 7.157 7.153 7.150 7.147
99-27+ 7.158 7.172 7.167 7.162 7.153 7.150 7.146 7.143
99-28 7.154 7.169 7.164 7.159 7.150 7.146 7.142 7.139
99-28+ 7.151 7.166 7.161 7.156 7.146 7.142 7.138 7.135
99-29 7.147 7.163 7.158 7.152 7.143 7.138 7.134 7.130
99-29+ 7.144 7.160 7.155 7.149 7.139 7.134 7.130 7.126
99-30 7.140 7.157 7.152 7.146 7.135 7.130 7.126 7.122
99-30+ 7.137 7.155 7.149 7.143 7.132 7.127 7.122 7.118
99-31 7.134 7.152 7.146 7.139 7.128 7.123 7.118 7.114
99-31+ 7.130 7.149 7.143 7.136 7.124 7.119 7.114 7.110
100-00 7.127 7.146 7.140 7.133 7.121 7.115 7.110 7.106
100-00+ 7.123 7.143 7.137 7.130 7.117 7.111 7.106 7.101
100-01 7.120 7.141 7.134 7.127 7.113 7.107 7.102 7.097
100-01+ 7.116 7.138 7.131 7.123 7.110 7.104 7.098 7.093
100-02 7.113 7.135 7.128 7.120 7.106 7.100 7.094 7.089
100-02+ 7.109 7.132 7.125 7.117 7.102 7.096 7.090 7.085
100-03 7.106 7.129 7.122 7.114 7.099 7.092 7.086 7.081
100-03+ 7.102 7.127 7.119 7.110 7.095 7.088 7.082 7.077
100-04 7.099 7.124 7.116 7.107 7.091 7.084 7.078 7.072
100-04+ 7.096 7.121 7.112 7.104 7.088 7.081 7.074 7.068
100-05 7.092 7.118 7.109 7.101 7.084 7.077 7.070 7.064
100-05+ 7.089 7.115 7.106 7.097 7.081 7.073 7.066 7.060
100-06 7.085 7.113 7.103 7.094 7.077 7.069 7.062 7.056
100-06+ 7.082 7.110 7.100 7.091 7.073 7.065 7.058 7.052
100-07 7.078 7.107 7.097 7.088 7.070 7.061 7.054 7.048
100-07+ 7.075 7.104 7.094 7.084 7.066 7.058 7.050 7.043
First Payment 3.122 3.539 3.122 3.122 3.206 3.206 3.206 3.289
Average Life 5.879 7.736 7.004 6.386 5.464 5.124 4.849 4.625
Last Payment 12.789 16.456 14.872 13.872 11.789 10.956 10.122 9.456
</TABLE>
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
<TABLE>
<CAPTION>
CURRENT BALANCE: $14,000,000.00 DATED DATE: 06/01/98
COUPON: 7.620% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $14,000,000.00 BOND B1F BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 7.682 7.694 7.690 7.686 7.679 7.675 7.672 7.669
99-24+ 7.679 7.691 7.687 7.683 7.675 7.671 7.668 7.665
99-25 7.675 7.688 7.683 7.679 7.671 7.667 7.664 7.661
99-25+ 7.671 7.685 7.680 7.676 7.667 7.663 7.659 7.656
99-26 7.668 7.682 7.677 7.672 7.663 7.659 7.655 7.652
99-26+ 7.664 7.679 7.674 7.669 7.659 7.655 7.651 7.647
99-27 7.660 7.676 7.671 7.666 7.656 7.651 7.647 7.643
99-27+ 7.657 7.673 7.668 7.662 7.652 7.647 7.643 7.638
99-28 7.653 7.670 7.664 7.659 7.648 7.643 7.638 7.634
99-28+ 7.650 7.667 7.661 7.655 7.644 7.639 7.634 7.630
99-29 7.646 7.664 7.658 7.652 7.640 7.635 7.630 7.625
99-29+ 7.642 7.661 7.655 7.649 7.636 7.631 7.626 7.621
99-30 7.639 7.658 7.652 7.645 7.633 7.627 7.621 7.616
99-30+ 7.635 7.655 7.649 7.642 7.629 7.623 7.617 7.612
99-31 7.632 7.652 7.645 7.638 7.625 7.619 7.613 7.608
99-31+ 7.628 7.650 7.642 7.635 7.621 7.615 7.609 7.603
100-00 7.624 7.647 7.639 7.632 7.617 7.611 7.604 7.599
100-00+ 7.621 7.644 7.636 7.628 7.613 7.607 7.600 7.594
100-01 7.617 7.641 7.633 7.625 7.610 7.603 7.596 7.590
100-01+ 7.613 7.638 7.630 7.621 7.606 7.599 7.592 7.586
100-02 7.610 7.635 7.627 7.618 7.602 7.595 7.588 7.581
100-02+ 7.606 7.632 7.623 7.615 7.598 7.590 7.583 7.577
100-03 7.603 7.629 7.620 7.611 7.594 7.586 7.579 7.572
100-03+ 7.599 7.626 7.617 7.608 7.590 7.582 7.575 7.568
100-04 7.595 7.623 7.614 7.604 7.587 7.578 7.571 7.564
100-04+ 7.592 7.620 7.611 7.601 7.583 7.574 7.566 7.559
100-05 7.588 7.617 7.608 7.598 7.579 7.570 7.562 7.555
100-05+ 7.585 7.614 7.604 7.594 7.575 7.566 7.558 7.550
100-06 7.581 7.612 7.601 7.591 7.571 7.562 7.554 7.546
100-06+ 7.577 7.609 7.598 7.588 7.567 7.558 7.550 7.542
100-07 7.574 7.606 7.595 7.584 7.564 7.554 7.545 7.537
100-07+ 7.570 7.603 7.592 7.581 7.560 7.550 7.541 7.533
First Payment 3.122 3.539 3.122 3.122 3.122 3.122 3.122 3.122
Average Life 5.592 7.403 6.684 6.085 5.187 4.854 4.575 4.347
Last Payment 10.956 14.289 13.039 11.872 10.039 9.289 8.622 8.039
</TABLE>
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
<TABLE>
<CAPTION>
CURRENT BALANCE: $150,000,000.00 DATED DATE: 06/11/98
CURRENT COUPON: 5.688% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $150,000,000.00 BOND A7 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/11/98
ASSUMED CONSTANT LIBOR-1M 5.6484
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 13.0% 20.0% 33.0% 39.0% 45.0% 50.0% 55.0%
FIX (HEP) 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 32.436 18.549 25.472 38.428 44.467 50.572 55.825 61.382
99-24+ 30.656 17.638 24.128 36.273 41.934 47.656 52.581 57.789
99-25 28.876 16.727 22.784 34.118 39.401 44.741 49.337 54.198
99-25+ 27.097 15.817 21.440 31.964 36.868 41.827 46.094 50.607
99-26 25.318 14.907 20.097 29.810 34.337 38.913 42.851 47.017
99-26+ 23.539 13.997 18.754 27.656 31.806 36.000 39.610 43.427
99-27 21.761 13.087 17.411 25.503 29.275 33.087 36.369 39.839
99-27+ 19.983 12.177 16.069 23.351 26.745 30.176 33.128 36.251
99-28 18.205 11.268 14.726 21.199 24.215 27.265 29.889 32.665
99-28+ 16.428 10.359 13.385 19.047 21.686 24.354 26.650 29.079
99-29 14.652 9.450 12.043 16.896 19.158 21.445 23.412 25.494
99-29+ 12.875 8.541 10.702 14.746 16.630 18.536 20.175 21.909
99-30 11.099 7.632 9.361 12.595 14.103 15.627 16.939 18.326
99-30+ 9.324 6.724 8.020 10.446 11.577 12.719 13.703 14.743
99-31 7.549 5.816 6.680 8.297 9.050 9.812 10.468 11.161
99-31+ 5.774 4.908 5.340 6.148 6.525 6.906 7.234 7.580
100-00 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000
100-00+ 2.226 3.092 2.661 1.852 1.476 1.095 0.767 0.421
100-01 0.453 2.185 1.321 -0.295 -1.048 -1.810 -2.465 -3.158
100-01+ -1.320 1.278 -0.017 -2.442 -3.571 -4.713 -5.696 -6.736
100-02 -3.093 0.371 -1.356 -4.588 -6.094 -7.617 -8.927 -10.313
100-02+ -4.865 -0.536 -2.694 -6.734 -8.616 -10.519 -12.157 -13.889
100-03 -6.637 -1.442 -4.032 -8.879 -11.138 -13.421 -15.386 -17.464
100-03+ -8.409 -2.348 -5.370 -11.024 -13.659 -16.322 -18.614 -21.039
100-04 -10.180 -3.254 -6.707 -13.168 -16.179 -19.223 -21.842 -24.612
100-04+ -11.950 -4.160 -8.044 -15.312 -18.699 -22.123 -25.069 -28.185
100-05 -13.721 -5.066 -9.381 -17.455 -21.218 -25.022 -28.295 -31.757
100-05+ -15.491 -5.971 -10.717 -19.598 -23.737 -27.921 -31.521 -35.328
100-06 -17.260 -6.876 -12.053 -21.740 -26.255 -30.818 -34.745 -38.899
100-06+ -19.029 -7.781 -13.389 -23.882 -28.773 -33.716 -37.970 -42.468
100-07 -20.798 -8.686 -14.724 -26.024 -31.290 -36.612 -41.193 -46.037
100-07+ -22.566 -9.591 -16.060 -28.165 -33.806 -39.508 -44.415 -49.605
First Payment 0.122 0.122 0.122 0.122 0.122 0.122 0.122 0.122
Average Life 0.900 1.827 1.207 0.739 0.626 0.542 0.486 0.438
Last Payment 1.872 4.039 2.622 1.539 1.289 1.039 0.956 0.872
</TABLE>
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
<TABLE>
<CAPTION>
CURRENT BALANCE: $376,500,000.00 DATED DATE: 06/11/98
CURRENT COUPON: 5.818% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $376,500,000.00 BOND A8 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/11/98
ASSUMED CONSTANT LIBOR-1M 5.6484
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 13.0% 20.0% 33.0% 39.0% 45.0% 50.0% 55.0%
FIX (HEP) 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 26.883 22.229 24.360 29.911 34.242 37.618 40.350 43.229
99-24+ 26.264 21.902 23.899 29.103 33.162 36.327 38.888 41.587
99-25 25.645 21.574 23.438 28.295 32.083 35.037 37.427 39.945
99-25+ 25.026 21.247 22.977 27.486 31.004 33.747 35.966 38.304
99-26 24.408 20.920 22.517 26.679 29.926 32.457 34.505 36.663
99-26+ 23.790 20.593 22.056 25.871 28.847 31.167 33.044 35.023
99-27 23.172 20.266 21.596 25.063 27.769 29.878 31.584 33.382
99-27+ 22.554 19.939 21.136 24.256 26.691 28.589 30.124 31.743
99-28 21.936 19.612 20.676 23.449 25.613 27.300 28.665 30.103
99-28+ 21.318 19.285 20.216 22.642 24.536 26.011 27.205 28.464
99-29 20.701 18.958 19.756 21.835 23.458 24.723 25.747 26.825
99-29+ 20.084 18.632 19.297 21.029 22.381 23.435 24.288 25.187
99-30 19.467 18.305 18.837 20.223 21.305 22.148 22.830 23.549
99-30+ 18.850 17.979 18.378 19.417 20.228 20.860 21.372 21.911
99-31 18.233 17.652 17.918 18.611 19.152 19.573 19.914 20.274
99-31+ 17.616 17.326 17.459 17.805 18.076 18.286 18.457 18.637
100-00 17.000 17.000 17.000 17.000 17.000 17.000 17.000 17.000
100-00+ 16.384 16.674 16.541 16.195 15.924 15.714 15.543 15.364
100-01 15.768 16.348 16.082 15.390 14.849 14.428 14.087 13.728
100-01+ 15.152 16.022 15.624 14.585 13.774 13.142 12.631 12.092
100-02 14.536 15.696 15.165 13.781 12.699 11.857 11.175 10.457
100-02+ 13.920 15.371 14.707 12.976 11.625 10.572 9.720 8.822
100-03 13.305 15.045 14.248 12.172 10.550 9.287 8.265 7.188
100-03+ 12.690 14.719 13.790 11.368 9.476 8.003 6.810 5.554
100-04 12.074 14.394 13.332 10.564 8.403 6.718 5.356 3.920
100-04+ 11.459 14.068 12.874 9.761 7.329 5.434 3.902 2.287
100-05 10.845 13.743 12.416 8.958 6.256 4.151 2.448 0.654
100-05+ 10.230 13.418 11.958 8.155 5.183 2.867 0.995 -0.979
100-06 9.615 13.093 11.501 7.352 4.110 1.584 -0.459 -2.611
100-06+ 9.001 12.768 11.043 6.549 3.037 0.301 -1.911 -4.243
100-07 8.387 12.443 10.586 5.746 1.965 -0.981 -3.364 -5.875
100-07+ 7.773 12.118 10.129 4.944 0.893 -2.263 -4.816 -7.506
First Payment 0.122 0.122 0.122 0.122 0.122 0.122 0.122 0.122
Average Life 2.847 6.149 4.011 2.108 1.524 1.259 1.105 0.979
Last Payment 7.122 14.872 9.789 5.622 4.622 2.622 2.289 2.039
</TABLE>
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
<TABLE>
<CAPTION>
CURRENT BALANCE: $52,000,000.00 DATED DATE: 06/11/98
CURRENT COUPON: 5.978% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $52,000,000.00 BOND M1A DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/11/98
ASSUMED CONSTANT LIBOR-1M 5.6484
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 13.0% 20.0% 33.0% 39.0% 45.0% 50.0% 55.0%
FIX (HEP) 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 38.810 36.387 37.687 39.148 39.176 41.368 43.206 44.558
99-24+ 38.447 36.175 37.394 38.763 38.789 40.844 42.567 43.834
99-25 38.083 35.963 37.101 38.378 38.403 40.320 41.929 43.111
99-25+ 37.720 35.751 36.807 37.994 38.016 39.797 41.290 42.388
99-26 37.356 35.539 36.514 37.609 37.630 39.274 40.652 41.665
99-26+ 36.993 35.327 36.221 37.225 37.244 38.750 40.014 40.943
99-27 36.629 35.116 35.928 36.840 36.858 38.227 39.375 40.220
99-27+ 36.266 34.904 35.635 36.456 36.472 37.704 38.737 39.497
99-28 35.903 34.692 35.342 36.072 36.086 37.181 38.099 38.775
99-28+ 35.540 34.480 35.049 35.687 35.700 36.658 37.462 38.053
99-29 35.177 34.269 34.756 35.303 35.314 36.135 36.824 37.330
99-29+ 34.814 34.057 34.463 34.919 34.928 35.612 36.186 36.608
99-30 34.451 33.846 34.170 34.535 34.542 35.090 35.549 35.886
99-30+ 34.088 33.634 33.878 34.151 34.157 34.567 34.911 35.165
99-31 33.725 33.423 33.585 33.767 33.771 34.045 34.274 34.443
99-31+ 33.363 33.211 33.293 33.384 33.385 33.522 33.637 33.721
100-00 33.000 33.000 33.000 33.000 33.000 33.000 33.000 33.000
100-00+ 32.637 32.789 32.708 32.616 32.615 32.478 32.363 32.279
100-01 32.275 32.577 32.415 32.233 32.229 31.956 31.726 31.557
100-01+ 31.912 32.366 32.123 31.849 31.844 31.434 31.089 30.836
100-02 31.550 32.155 31.830 31.466 31.459 30.912 30.453 30.115
100-02+ 31.188 31.944 31.538 31.082 31.074 30.390 29.816 29.395
100-03 30.826 31.733 31.246 30.699 30.689 29.868 29.180 28.674
100-03+ 30.463 31.522 30.954 30.316 30.304 29.346 28.544 27.953
100-04 30.101 31.311 30.662 29.933 29.919 28.825 27.907 27.233
100-04+ 29.739 31.100 30.370 29.550 29.534 28.303 27.271 26.513
100-05 29.377 30.889 30.078 29.167 29.149 27.782 26.635 25.792
100-05+ 29.015 30.678 29.786 28.784 28.764 27.261 26.000 25.072
100-06 28.654 30.467 29.494 28.401 28.380 26.740 25.364 24.352
100-06+ 28.292 30.256 29.202 28.018 27.995 26.218 24.728 23.633
100-07 27.930 30.046 28.911 27.635 27.610 25.697 24.093 22.913
100-07+ 27.569 29.835 28.619 27.252 27.226 25.176 23.457 22.193
First Payment 3.456 4.872 3.122 3.789 4.289 2.622 2.289 2.039
Average Life 4.984 10.007 6.522 4.624 4.586 3.265 2.621 2.292
Last Payment 7.122 14.872 9.789 5.622 4.622 3.872 2.956 2.622
</TABLE>
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
FINANCIAL STRATEGIES GROUP
- --------------------------
<TABLE>
<CAPTION>
CURRENT BALANCE: $39,000,000.00 DATED DATE: 06/11/98
CURRENT COUPON: 6.198% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $39,000,000.00 BOND M2A DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/11/98
ASSUMED CONSTANT LIBOR-1M 5.6484
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 13.0% 20.0% 33.0% 39.0% 45.0% 50.0% 55.0%
FIX (HEP) 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 60.950 58.424 59.723 61.662 61.908 62.203 63.413 64.955
99-24+ 60.578 58.209 59.427 61.245 61.475 61.752 62.886 64.332
99-25 60.206 57.995 59.131 60.829 61.043 61.301 62.360 63.709
99-25+ 59.833 57.781 58.836 60.412 60.611 60.851 61.834 63.086
99-26 59.461 57.567 58.540 59.995 60.179 60.400 61.307 62.464
99-26+ 59.089 57.352 58.245 59.578 59.747 59.950 60.781 61.841
99-27 58.717 57.138 57.950 59.162 59.315 59.499 60.255 61.219
99-27+ 58.345 56.924 57.655 58.745 58.883 59.049 59.729 60.596
99-28 57.973 56.710 57.359 58.329 58.451 58.599 59.204 59.974
99-28+ 57.601 56.496 57.064 57.912 58.020 58.149 58.678 59.352
99-29 57.229 56.283 56.769 57.496 57.588 57.699 58.152 58.730
99-29+ 56.858 56.069 56.474 57.080 57.157 57.249 57.627 58.108
99-30 56.486 55.855 56.179 56.664 56.725 56.799 57.101 57.486
99-30+ 56.114 55.641 55.884 56.248 56.294 56.349 56.576 56.865
99-31 55.743 55.427 55.589 55.832 55.862 55.899 56.050 56.243
99-31+ 55.371 55.214 55.295 55.416 55.431 55.450 55.525 55.621
100-00 55.000 55.000 55.000 55.000 55.000 55.000 55.000 55.000
100-00+ 54.629 54.786 54.705 54.584 54.569 54.550 54.475 54.379
100-01 54.257 54.573 54.411 54.169 54.138 54.101 53.950 53.758
100-01+ 53.886 54.359 54.116 53.753 53.707 53.652 53.425 53.136
100-02 53.515 54.146 53.822 53.337 53.276 53.202 52.900 52.515
100-02+ 53.144 53.932 53.527 52.922 52.845 52.753 52.376 51.895
100-03 52.773 53.719 53.233 52.507 52.415 52.304 51.851 51.274
100-03+ 52.402 53.506 52.939 52.091 51.984 51.855 51.327 50.653
100-04 52.032 53.292 52.644 51.676 51.553 51.406 50.802 50.033
100-04+ 51.661 53.079 52.350 51.261 51.123 50.957 50.278 49.412
100-05 51.290 52.866 52.056 50.846 50.692 50.508 49.754 48.792
100-05+ 50.920 52.653 51.762 50.431 50.262 50.060 49.230 48.172
100-06 50.549 52.440 51.468 50.016 49.832 49.611 48.705 47.551
100-06+ 50.179 52.227 51.174 49.601 49.402 49.162 48.182 46.931
100-07 49.808 52.014 50.880 49.186 48.971 48.714 47.658 46.312
100-07+ 49.438 51.801 50.586 48.771 48.541 48.265 47.134 45.692
First Payment 3.206 4.872 3.122 3.372 3.539 3.789 2.956 2.622
Average Life 4.889 10.007 6.522 4.249 4.060 3.869 3.249 2.697
Last Payment 7.122 14.872 9.789 5.622 4.622 3.872 3.289 2.706
</TABLE>
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
FINANCIAL STRATEGIES GROUP
- --------------------------
<TABLE>
<CAPTION>
CURRENT BALANCE: $32,500,000.00 DATED DATE: 06/11/98
CURRENT COUPON: 6.798% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $32,500,000.00 BOND B1A DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/11/98
ASSUMED CONSTANT LIBOR-1M 5.6484
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 13.0% 20.0% 33.0% 39.0% 45.0% 50.0% 55.0%
FIX (HEP) 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 121.096 118.524 119.819 121.962 122.531 122.782 123.403 125.007
99-24+ 120.714 118.304 119.517 121.526 122.060 122.295 122.877 124.381
99-25 120.333 118.083 119.216 121.091 121.589 121.808 122.351 123.755
99-25+ 119.951 117.863 118.914 120.655 121.117 121.321 121.826 123.129
99-26 119.570 117.642 118.613 120.220 120.646 120.834 121.300 122.503
99-26+ 119.189 117.422 118.311 119.784 120.175 120.348 120.774 121.877
99-27 118.808 117.201 118.010 119.349 119.704 119.861 120.249 121.251
99-27+ 118.427 116.981 117.709 118.914 119.234 119.375 119.724 120.626
99-28 118.046 116.761 117.407 118.479 118.763 118.888 119.199 120.000
99-28+ 117.665 116.540 117.106 118.043 118.292 118.402 118.673 119.375
99-29 117.284 116.320 116.805 117.608 117.822 117.916 118.148 118.750
99-29+ 116.903 116.100 116.504 117.173 117.351 117.430 117.623 118.124
99-30 116.522 115.880 116.203 116.739 116.881 116.943 117.099 117.499
99-30+ 116.142 115.660 115.902 116.304 116.410 116.457 116.574 116.874
99-31 115.761 115.440 115.602 115.869 115.940 115.972 116.049 116.249
99-31+ 115.380 115.220 115.301 115.435 115.470 115.486 115.524 115.625
100-00 115.000 115.000 115.000 115.000 115.000 115.000 115.000 115.000
100-00+ 114.620 114.780 114.699 114.566 114.530 114.514 114.476 114.375
100-01 114.239 114.560 114.399 114.131 114.060 114.029 113.951 113.751
100-01+ 113.859 114.341 114.098 113.697 113.590 113.543 113.427 113.127
100-02 113.479 114.121 113.798 113.263 113.121 113.058 112.903 112.502
100-02+ 113.099 113.901 113.497 112.828 112.651 112.573 112.379 111.878
100-03 112.719 113.681 113.197 112.394 112.181 112.087 111.855 111.254
100-03+ 112.339 113.462 112.897 111.960 111.712 111.602 111.331 110.630
100-04 111.959 113.242 112.596 111.527 111.242 111.117 110.807 110.007
100-04+ 111.579 113.023 112.296 111.093 110.773 110.632 110.284 109.383
100-05 111.200 112.803 111.996 110.659 110.304 110.147 109.760 108.759
100-05+ 110.820 112.584 111.696 110.225 109.835 109.662 109.236 108.136
100-06 110.441 112.365 111.396 109.792 109.366 109.178 108.713 107.512
100-06+ 110.061 112.145 111.096 109.358 108.897 108.693 108.190 106.889
100-07 109.682 111.926 110.796 108.925 108.428 108.209 107.666 106.266
100-07+ 109.302 111.707 110.496 108.491 107.959 107.724 107.143 105.643
First Payment 3.122 4.872 3.122 3.206 3.206 3.289 3.289 2.706
Average Life 4.844 10.007 6.522 4.108 3.733 3.589 3.289 2.706
Last Payment 7.122 14.872 9.789 5.622 4.622 3.872 3.289 2.706
</TABLE>
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
- --------------------------------------------------------------------------------
- AMRESCO
- Cut Off Date of Tape is 4/30/98
- *Fixed Rate Collateral Group (06/01/97 Scheduled Balance)
- $286,694,300.72
- Mortgage Summary Report
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 3,458
Lien Status: First and Second Lien Loans
Aggregate Unpaid Principal Balance: $286,694,300.72
Aggregate Original Principal Balance: $288,081,757.00
Weighted Average Gross Coupon: 9.913%
Gross Coupon Range: 5.900% - 18.375%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $82,907.55
Average Original Principal Balance: $83,308.78
Maximum Unpaid Principal Balance: $523,514.12
Minimum Unpaid Principal Balance: $9,846.07
Maximum Original Principal Balance: $525,000.00
Minimum Original Principal Balance: $10,000.00
Weighted Avg. Stated Rem. Term (LPD to Mat Date): 318.531
Stated Rem Term Range: 115.000 - 359.000
Weighted Average Age (Original Term - Rem Term): 5.004
Age Range: 1.000 - 31.000
Weighted Average Original Term: 323.535
Original Term Range: 120.000 - 360.000
Weighted Average Original LTV: 72.424
Original LTV Range: 5.410% - 90.000%
Weighted Average Combined LTV: 73.493
Combined LTV Range: 8.400% - 90.000%
- --------------------------------------------------------------------------------
*Includes 5/25 arms along with fixed rate loans.
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
5.50% < Gross Coupon <= 6.00% 1 372,392.63 0.13
6.00% < Gross Coupon <= 6.50% 9 2,075,770.32 0.72
6.50% < Gross Coupon <= 7.00% 13 2,131,253.93 0.74
7.00% < Gross Coupon <= 7.50% 29 5,142,983.33 1.79
7.50% < Gross Coupon <= 7.75% 80 8,993,380.11 3.14
7.75% < Gross Coupon <= 8.00% 75 7,934,528.35 2.77
8.00% < Gross Coupon <= 8.25% 125 12,291,187.76 4.29
8.25% < Gross Coupon <= 8.50% 163 17,286,685.43 6.03
8.50% < Gross Coupon <= 8.75% 138 14,320,676.08 5.00
8.75% < Gross Coupon <= 9.00% 280 27,467,109.10 9.58
9.00% < Gross Coupon <= 9.25% 120 12,423,799.45 4.33
9.25% < Gross Coupon <= 9.50% 235 22,261,704.25 7.76
9.50% < Gross Coupon <= 9.75% 178 15,456,748.05 5.39
9.75% < Gross Coupon <= 10.00% 304 28,432,693.38 9.92
10.00% < Gross Coupon <= 10.25% 129 10,911,071.84 3.81
10.25% < Gross Coupon <= 10.50% 203 15,749,417.81 5.49
10.50% < Gross Coupon <= 10.75% 154 11,818,947.28 4.12
10.75% < Gross Coupon <= 11.00% 225 15,740,410.64 5.49
11.00% < Gross Coupon <= 11.25% 92 6,170,360.05 2.15
11.25% < Gross Coupon <= 11.50% 117 7,406,730.30 2.58
11.50% < Gross Coupon <= 11.75% 114 7,478,022.39 2.61
11.75% < Gross Coupon <= 12.00% 135 7,968,203.25 2.78
12.00% < Gross Coupon <= 12.25% 64 3,418,558.98 1.19
12.25% < Gross Coupon <= 12.50% 70 4,055,952.11 1.41
12.50% < Gross Coupon <= 12.75% 91 4,266,651.04 1.49
12.75% < Gross Coupon <= 13.00% 122 6,075,591.79 2.12
13.00% < Gross Coupon <= 13.25% 20 1,007,081.28 0.35
13.25% < Gross Coupon <= 13.50% 44 1,929,188.11 0.67
13.50% < Gross Coupon <= 13.75% 19 1,205,215.69 0.42
13.75% < Gross Coupon <= 14.00% 34 1,663,978.19 0.58
14.00% < Gross Coupon <= 14.25% 14 812,260.81 0.28
14.25% < Gross Coupon <= 14.50% 18 683,448.19 0.24
14.50% < Gross Coupon <= 14.75% 12 392,874.69 0.14
14.75% < Gross Coupon <= 15.00% 18 731,950.92 0.26
15.00% < Gross Coupon <= 15.25% 4 151,663.08 0.05
15.25% < Gross Coupon <= 15.50% 2 39,092.15 0.01
15.75% < Gross Coupon <= 16.00% 2 94,202.97 0.03
16.00% < Gross Coupon <= 16.25% 1 13,663.58 0.00
16.25% < Gross Coupon <= 16.50% 1 19,105.46 0.01
16.50% < Gross Coupon <= 16.75% 1 25,472.53 0.01
17.25% < Gross Coupon <= 17.50% 1 237,834.01 0.08
18.00% < Gross Coupon <= 18.50% 1 36,439.41 0.01
- --------------------------------------------------------------------------------
Total.......... 3458 $286,694,300.72 100.00%
================================================================================
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
108 < Orig. Term <= 120 12 274,400.58 0.10%
168 < Orig. Term <= 180 810 51,075,278.53 17.82%
228 < Orig. Term <= 240 162 9,957,023.12 3.47%
348 < Orig. Term <= 360 2,474 225,387,598.49 78.62%
- ----------------------------------------------------------------
Total............ 3,458 $286,694,300.72 100.00%
================================================================
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
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 12 274,400.58 0.10%
156 < Rem Term <= 168 4 184,314.17 0.06%
168 < Rem Term <= 180 806 50,890,964.36 17.75%
228 < Rem Term <= 240 162 9,957,023.12 3.47%
324 < Rem Term <= 336 6 614,843.70 0.21%
336 < Rem Term <= 348 7 1,289,490.54 0.45%
348 < Rem Term <= 360 2,461 223,483,264.25 77.95%
- -------------------------------------------------------------------
Total............ 3,458 $286,694,300.72 100.00%
===================================================================
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
0 < Age <= 12 3,444 284,940,543.63 99.39%
12 < Age <= 24 8 1,138,913.39 0.40%
24 < Age <= 36 6 614,843.70 0.21%
- ------------------------------------------------------------------
Total............ 3,458 $286,694,300.72 100.00%
===================================================================
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 1 35,580.03 0.01
10.000 < CLTV <= 15.000 4 116,744.32 0.04
15.000 < CLTV <= 20.000 13 665,116.58 0.23
20.000 < CLTV <= 25.000 6 260,016.19 0.09
25.000 < CLTV <= 30.000 35 1,917,755.41 0.67
30.000 < CLTV <= 35.000 50 2,570,011.01 0.90
35.000 < CLTV <= 40.000 69 3,715,869.18 1.30
40.000 < CLTV <= 45.000 70 4,324,341.12 1.51
45.000 < CLTV <= 50.000 118 8,477,620.37 2.96
50.000 < CLTV <= 55.000 113 7,715,690.37 2.69
55.000 < CLTV <= 60.000 193 13,192,811.54 4.60
60.000 < CLTV <= 65.000 298 19,510,931.85 6.81
65.000 < CLTV <= 70.000 375 30,911,171.74 10.78
70.000 < CLTV <= 75.000 535 44,028,992.92 15.36
75.000 < CLTV <= 80.000 794 72,618,159.91 25.33
80.000 < CLTV <= 85.000 488 46,884,663.07 16.35
85.000 < CLTV <= 90.000 296 29,748,825.11 10.38
- --------------------------------------------------------------------------
Total.................... 3,458 $286,694,300.72 100.00%
==========================================================================
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
5,000 < Balance <= 10,000 1 9,846.07 0.00
10,000 < Balance <= 15,000 22 308,931.96 0.11
15,000 < Balance <= 20,000 76 1,433,259.44 0.50
20,000 < Balance <= 25,000 122 2,801,362.62 0.98
25,000 < Balance <= 30,000 180 5,034,633.65 1.76
30,000 < Balance <= 35,000 190 6,213,410.97 2.17
35,000 < Balance <= 40,000 191 7,209,522.16 2.51
40,000 < Balance <= 45,000 193 8,288,596.00 2.89
45,000 < Balance <= 50,000 205 9,767,812.31 3.41
50,000 < Balance <= 55,000 198 10,429,565.80 3.64
55,000 < Balance <= 60,000 180 10,400,875.34 3.63
60,000 < Balance <= 65,000 156 9,806,471.09 3.42
65,000 < Balance <= 70,000 151 10,233,613.67 3.57
70,000 < Balance <= 75,000 152 11,011,202.01 3.84
75,000 < Balance <= 80,000 132 10,235,133.06 3.57
80,000 < Balance <= 85,000 120 9,932,913.54 3.46
85,000 < Balance <= 90,000 110 9,642,299.80 3.36
90,000 < Balance <= 95,000 81 7,522,342.36 2.62
95,000 < Balance <= 100,000 92 8,987,013.58 3.13
100,000 < Balance <= 105,000 88 9,050,285.22 3.16
105,000 < Balance <= 110,000 64 6,852,377.77 2.39
110,000 < Balance <= 115,000 67 7,516,803.81 2.62
115,000 < Balance <= 120,000 64 7,544,585.50 2.63
120,000 < Balance <= 125,000 44 5,395,710.54 1.88
125,000 < Balance <= 130,000 55 7,013,607.98 2.45
130,000 < Balance <= 135,000 33 4,366,129.95 1.52
135,000 < Balance <= 140,000 55 7,576,106.38 2.64
140,000 < Balance <= 145,000 30 4,288,033.52 1.50
145,000 < Balance <= 150,000 48 7,088,557.22 2.47
150,000 < Balance <= 200,000 189 32,544,697.97 11.35
200,000 < Balance <= 250,000 74 16,360,722.51 5.71
250,000 < Balance <= 300,000 36 9,949,318.29 3.47
300,000 < Balance <= 350,000 29 9,449,660.68 3.30
350,000 < Balance <= 400,000 16 5,987,238.90 2.09
400,000 < Balance <= 450,000 7 2,974,218.05 1.04
450,000 < Balance <= 500,000 4 1,904,734.26 0.66
500,000 < Balance <= 550,000 3 1,562,706.74 0.55
- -------------------------------------------------------------------------
Total.................... 3458 $286,694,300.72 100.00%
=========================================================================
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
Alaska 8 1,215,707.05 0.42
Alabama 20 1,293,834.59 0.45
Arkansas 39 1,773,858.80 0.62
Arizona 75 4,934,694.76 1.72
California 686 78,297,679.46 27.31
Colorado 81 7,223,035.64 2.52
Connecticut 26 3,114,161.63 1.09
Dist of Col 17 1,438,848.40 0.50
Delaware 5 452,948.24 0.16
Florida 281 19,062,544.04 6.65
Georgia 144 10,334,166.29 3.60
Hawaii 89 16,136,531.10 5.63
Iowa 18 1,010,359.36 0.35
Idaho 34 3,014,107.24 1.05
Illinois 94 6,098,632.10 2.13
Indiana 39 2,106,527.33 0.73
Kansas 11 739,392.11 0.26
Kentucky 7 361,417.43 0.13
Louisiana 71 3,783,899.16 1.32
Massachsetts 26 2,735,306.42 0.95
Maryland 114 7,946,218.12 2.77
Maine 5 269,910.37 0.09
Michigan 104 6,007,956.76 2.10
Minnesota 56 3,821,571.97 1.33
Missouri 78 3,856,418.49 1.35
Mississippi 62 3,212,590.46 1.12
Montana 8 480,401.95 0.17
North Carolina 46 2,530,911.85 0.88
North Dakota 4 166,008.19 0.06
Nebraska 7 435,305.96 0.15
New Hampshire 4 310,120.39 0.11
New Jersey 65 5,905,369.78 2.06
New Mexico 37 2,823,407.43 0.98
Nevada 32 3,236,153.73 1.13
New York 132 13,675,889.03 4.77
Ohio 146 8,622,840.42 3.01
Oklahoma 53 2,681,199.01 0.94
Oregon 67 6,692,870.82 2.33
Pennsylvania 156 10,336,655.75 3.61
Rhode Island 17 1,503,538.98 0.52
South Carolina 30 1,426,291.27 0.50
South Dakota 3 146,145.43 0.05
Tennessee 53 3,663,956.15 1.28
Texas 207 14,380,118.06 5.02
Utah 65 5,861,514.38 2.04
Virginia 33 2,998,853.34 1.05
Vermont 2 144,024.08 0.05
Washington 71 6,730,462.60 2.35
Wisconsin 18 817,029.59 0.28
West Virgina 8 481,955.50 0.17
Wyoming 4 400,959.71 0.14
- --------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
==========================================================================
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 3018 249,143,745.94 86.90
Manufactured Housing 32 1,702,129.40 0.59
PUD 58 5,991,869.74 2.09
Townhouses 7 444,682.97 0.16
Condominiums 108 8,036,212.71 2.80
2-4 Family 235 21,375,659.96 7.46
- -----------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
=============================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 3068 260,043,853.74 90.70
Non Owner Occ. 390 26,650,446.98 9.30
- ------------------------------------------------------------------------------
Total.................. 3458 $286,694,300.72 100.00%
==============================================================================
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 3320 281,203,854.92 98.08
2 138 5,490,445.80 1.92
- --------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 3263 269,990,152.39 94.17
Partially Amortizing 195 16,704,148.33 5.83
- -----------------------------------------------------------------------------
Total.................. 3458 $286,694,300.72 100.00%
=============================================================================
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
LOAN SUMMARY STRATIFIED BY
PAG CODE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 672 63,092,499.23 22.01
2 1660 148,984,957.08 51.97
3 615 46,541,352.20 16.23
4 198 11,007,481.01 3.84
5 313 17,068,011.20 5.95
- --------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LOAN TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
10 yr fxd 12 274,400.58 0.10
15 yr fxd 615 34,371,130.20 11.99
20 yr fxd 162 9,957,023.12 3.47
30 due 15 fxd 195 16,704,148.33 5.83
30 yr fxd 2471 225,234,402.29 78.56
5/25 arm 3 153,196.20 0.05
- ------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
========================================================================
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
LOAN SUMMARY STRATIFIED BY
ORIGINATOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
ORIGINATOR Loans Balance Balance
ALPHA MORTGAGE 4 225,404.00 0.08
ALTERNATIVE LEN 6 608,006.08 0.21
AMERICREDIT COR 3 300,149.17 0.10
AMERIQUEST 1 117,062.82 0.04
AMERIQUEST MTG 713 62,698,398.07 21.87
AMRESCO 632 49,955,966.26 17.42
ANCHOR MORTGAGE 1 237,834.01 0.08
ARMOR INVESTMEN 1 19,883.12 0.01
BAN-COR INC 2 146,340.78 0.05
BANKERS WHOLESA 3 157,377.29 0.05
BIRMINGHAM BANC 2 128,315.94 0.04
BUDGET FINANCE 1 46,878.39 0.02
C & G FINANCIAL 1 137,192.65 0.05
CAPITAL SEEKERS 2 55,744.32 0.02
CHAMPION CREDIT 5 579,180.13 0.20
CHASE MORTGAGE 4 156,021.49 0.05
CONCORD FUNDING 4 260,822.41 0.09
CONSOLIDATED MO 1 70,478.91 0.02
CONTINENTAL FUN 10 1,043,626.34 0.36
CORNERSTONE MOR 1 163,829.30 0.06
DFS FINANCIAL 14 1,184,151.73 0.41
DOERING MORTGAG 1 39,161.63 0.01
DOW GUARANTEE C 1 68,545.24 0.02
EDGE MORTGAGE S 3 170,581.91 0.06
EMPIRE MORTGAGE 5 333,125.13 0.12
EQUITY SECURED 7 454,287.08 0.16
EVEREST MORTGAG 4 356,404.08 0.12
FIRST AMERICAN 2 99,939.66 0.03
FIRST COLONY 2 333,182.97 0.12
FIRST NATIONAL 1 101,535.34 0.04
FOREMOST MORTGA 1 335,935.59 0.12
FRANKLIN MORTGA 1 136,624.58 0.05
FRONTIER INVEST 1 43,369.73 0.02
GATEWAY FINANCI 3 527,218.11 0.18
HOME MORTGAGE, 29 2,504,647.98 0.87
LONG BEACH MTG 7 1,135,935.20 0.40
MAGNA FUNDING C 1 163,943.72 0.06
MARATHON CAPITA 1 31,509.29 0.01
MEGO MORTGAGE A 21 1,433,175.43 0.50
MLSG INCORPORAT 2 189,245.49 0.07
MONEY MORTGAGE 30 1,785,061.24 0.62
MORTGAGE PLUS O 1 26,637.59 0.01
NATIONAL MORTGA 38 3,799,049.05 1.33
NEW CENTURY 883 73,291,230.24 25.56
PAN AMERCIAN BA 40 3,675,976.26 1.28
PAN AMERICAN 63 5,180,245.42 1.81
PARKWAY 13 1,196,212.82 0.42
PARKWAY MORTGAG 241 19,355,856.65 6.75
PEAK FINANCIAL 1 75,977.77 0.03
PENDING BROKER 1 45,285.66 0.02
PINNACLE FINANC 1 29,960.52 0.01
SAN DIEGO HOME 6 1,238,075.02 0.43
SMC LENDING INC 1 31,122.12 0.01
STANDARD FINANC 16 2,067,830.30 0.72
THE MORTGAGE CO 1 44,816.37 0.02
TIME DEPOSITS I 5 284,189.12 0.10
TITLE WEST 19 2,019,365.00 0.70
TOWN AND COUNTR 3 282,224.85 0.10
TRINITY MORTGAG 2 61,290.56 0.02
UNITED LENDING 51 4,407,045.60 1.54
US MORTGAGE INC 1 16,205.39 0.01
WALL STREET MOR 2 173,805.35 0.06
WEYERHAEUSER MO 535 40,855,806.45 14.25
- --------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
==========================================================================
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
LOAN SUMMARY STRATIFIED BY PREPAYMENT PENALTY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
PREPAYMENT PENALTY Loans Balance Balance
No 1,099 $83,585,781.89 29.16
Yes 2,359 $203,108,518.83 70.84
- -----------------------------------------------------------------------
Total..... 3,458 $286,694,300.72 100.00%
=======================================================================
*************** ARMS INCLUDED IN FIXED GROUP ***************
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
02/01/03 2 $97,232.16 63.47
04/01/03 1 $55,964.04 36.53
- ------------------------------------------------------------------
Total........ 3 $153,196.20 100.00%
==================================================================
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
6.000 < Margin <= 6.500 1 44,485.23 29.04
6.500 < Margin <= 7.000 1 55,964.04 36.53
7.500 < Margin <= 8.000 1 52,746.93 34.43
- --------------------------------------------------------------------------
Total................. 3 $153,196.20 100.00%
==========================================================================
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
17.975 1 44,485.23 29.04
18.500 1 55,964.04 36.53
19.650 1 52,746.93 34.43
- -----------------------------------------------------------------------
Total................. 3 $ 153,196.20 100.00%
=======================================================================
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
LOAN SUMMARY STRATIFIED BY
LIFE FLOOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Life Floor Loans Balance Balance
10.975 1 44,485.23 29.04
11.500 1 55,964.04 36.53
12.650 1 52,746.93 34.43
- --------------------------------------------------------------------------
Total................. 3 $153,196.20 100.00%
==========================================================================
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
- --------------------------------------------------------------------------------
- AMRESCO
- Cut Off Date of Tape is 4/30/98
- Adjustable Rate Collateral (06/01/97 Scheduled Balance)
- $476,861,337.34
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 5,358
Lien Status: First Lien Loans
Index: 6 Month LIBOR
Aggregate Unpaid Principal Balance: $476,861,337.34
Aggregate Original Principal Balance: $478,909,876.00
- --------------------------------------------------------------------------------
Weighted Average Coupon (Gross): 9.837%
Gross Coupon Range: 6.259% - 16.500%
Weighted Average Margin (Gross): 5.698%
Gross Margin Range: 3.325% - 9.875%
Weighted Average Life Cap (Gross): 15.898%
Gross Life Cap Range: 12.259% - 23.130%
Weighted Average Life Floor (Gross): 9.813%
Gross Life Floor Range: 6.259% - 16.500%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $88,999.88
Average Original Principal Balance: $89,382.21
Maximum Unpaid Principal Balance: $724,125.24
Minimum Unpaid Principal Balance: $10,097.03
Maximum Original Principal Balance: $730,000.00
Minimum Original Principal Balance: $10,214.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 340.259
Stated Rem Term Range: 115.000 - 359.000
Weighted Average Age (First Pay thru Paid Thru): 5.721
Age Range: 1.000 - 30.000
Weighted Average Original Term: 345.980
Original Term Range: 120.000 - 360.000
Weighted Average Original LTV: 75.133
Original LTV Range: 9.000% - 90.000%
Weighted Average Periodic Interest Cap: 1.002%
Periodic Interest Cap Range: 1.000% - 1.500%
Weighted Average Months to Interest Roll: 6.284
Months to Interest Roll Range: 1 - 34
Weighted Average Interest Roll Frequency: 6.000
Interest Frequency Range: 6 - 6
Weighted Average Initial Interest Cap: 1.137
Initial Interest Cap Range: 1 - 3
- --------------------------------------------------------------------------------
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
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
6.00% < Gross Coupon <= 6.50% 2 205,235.44 0.04
6.50% < Gross Coupon <= 7.00% 68 6,841,704.57 1.43
7.00% < Gross Coupon <= 7.50% 106 11,986,214.91 2.51
7.50% < Gross Coupon <= 7.75% 41 5,349,425.42 1.12
7.75% < Gross Coupon <= 8.00% 185 21,907,839.46 4.59
8.00% < Gross Coupon <= 8.25% 69 9,569,223.71 2.01
8.25% < Gross Coupon <= 8.50% 189 20,866,371.22 4.38
8.50% < Gross Coupon <= 8.75% 137 15,854,768.19 3.32
8.75% < Gross Coupon <= 9.00% 321 35,486,611.79 7.44
9.00% < Gross Coupon <= 9.25% 121 12,595,615.30 2.64
9.25% < Gross Coupon <= 9.50% 240 22,062,135.32 4.63
9.50% < Gross Coupon <= 9.75% 320 34,692,602.98 7.28
9.75% < Gross Coupon <= 10.00% 1,023 94,581,067.43 19.83
10.00% < Gross Coupon <= 10.25% 341 29,848,776.59 6.26
10.25% < Gross Coupon <= 10.50% 828 65,126,571.83 13.66
10.50% < Gross Coupon <= 10.75% 166 12,826,595.11 2.69
10.75% < Gross Coupon <= 11.00% 469 32,872,703.50 6.89
11.00% < Gross Coupon <= 11.25% 60 4,953,395.09 1.04
11.25% < Gross Coupon <= 11.50% 146 9,356,088.15 1.96
11.50% < Gross Coupon <= 11.75% 56 3,329,600.92 0.70
11.75% < Gross Coupon <= 12.00% 147 9,094,517.61 1.91
12.00% < Gross Coupon <= 12.25% 22 1,161,512.63 0.24
12.25% < Gross Coupon <= 12.50% 63 3,594,180.74 0.75
12.50% < Gross Coupon <= 12.75% 64 3,540,958.55 0.74
12.75% < Gross Coupon <= 13.00% 69 3,699,390.41 0.78
13.00% < Gross Coupon <= 13.25% 15 737,390.84 0.15
13.25% < Gross Coupon <= 13.50% 19 1,132,424.10 0.24
13.50% < Gross Coupon <= 13.75% 12 453,272.27 0.10
13.75% < Gross Coupon <= 14.00% 25 1,233,145.40 0.26
14.00% < Gross Coupon <= 14.25% 2 136,835.91 0.03
14.25% < Gross Coupon <= 14.50% 14 827,960.79 0.17
14.50% < Gross Coupon <= 14.75% 2 94,119.31 0.02
14.75% < Gross Coupon <= 15.00% 8 424,081.29 0.09
15.25% < Gross Coupon <= 15.50% 4 181,037.87 0.04
15.50% < Gross Coupon <= 15.75% 1 59,353.77 0.01
16.00% < Gross Coupon <= 16.25% 2 121,644.87 0.03
16.25% < Gross Coupon <= 16.50% 1 56,964.05 0.01
- --------------------------------------------------------------------------------
Total.......... 5358 $476,861,337.34 100.00%
================================================================================
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 37,931.05 0.01%
168 < Orig. Term <= 180 493 23,884,668.30 5.01%
228 < Orig. Term <= 240 322 19,810,507.55 4.15%
348 < Orig. Term <= 360 4,542 433,128,230.44 90.83%
- ----------------------------------------------------------------
Total............ 5,358 $476,861,337.34 100.00%
================================================================
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
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 37,931.05 0.01%
168 < Rem Term <= 180 493 23,884,668.30 5.01%
228 < Rem Term <= 240 322 19,810,507.55 4.15%
324 < Rem Term <= 336 5 439,603.61 0.09%
336 < Rem Term <= 348 4 1,487,171.96 0.31%
348 < Rem Term <= 360 4,533 431,201,454.87 90.42%
- -------------------------------------------------------------------
Total............ 5,358 $476,861,337.34 100.00%
===================================================================
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
0 < Age <= 12 5,349 474,934,561.77 99.60%
12 < Age <= 24 5 1,572,699.94 0.33%
24 < Age <= 36 4 354,075.63 0.07%
- -------------------------------------------------------------------
Total............ 5,358 $476,861,337.34 100.00%
===================================================================
ORIGINAL LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
5.00 < LTV <= 10.00 3 65,879.79 0.01
10.00 < LTV <= 15.00 2 152,905.59 0.03
15.00 < LTV <= 20.00 6 207,377.93 0.04
20.00 < LTV <= 25.00 14 442,414.87 0.09
25.00 < LTV <= 30.00 18 713,728.48 0.15
30.00 < LTV <= 35.00 34 1,427,924.00 0.30
35.00 < LTV <= 40.00 46 2,192,657.64 0.46
40.00 < LTV <= 45.00 65 3,263,423.35 0.68
45.00 < LTV <= 50.00 76 4,450,139.10 0.93
50.00 < LTV <= 55.00 117 6,690,557.58 1.40
55.00 < LTV <= 60.00 308 18,748,038.32 3.93
60.00 < LTV <= 65.00 362 27,021,933.07 5.67
65.00 < LTV <= 70.00 641 48,943,169.29 10.26
70.00 < LTV <= 75.00 1198 104,455,474.79 21.90
75.00 < LTV <= 80.00 1862 190,619,342.96 39.97
80.00 < LTV <= 85.00 500 54,709,942.26 11.47
85.00 < LTV <= 90.00 106 12,756,428.32 2.68
- --------------------------------------------------------------------------
Total.................... 5358 $476,861,337.34 100.00%
==========================================================================
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
3.000 < Margin <= 3.500 5 415,912.52 0.09
3.500 < Margin <= 4.000 667 66,134,518.15 13.87
4.000 < Margin <= 4.500 613 54,955,223.80 11.52
4.500 < Margin <= 5.000 490 39,774,382.69 8.34
5.000 < Margin <= 5.500 338 30,992,964.38 6.50
5.500 < Margin <= 6.000 475 41,941,234.83 8.80
6.000 < Margin <= 6.500 525 45,439,983.30 9.53
6.500 < Margin <= 7.000 1,844 169,272,988.14 35.50
7.000 < Margin <= 7.500 328 23,083,204.86 4.84
7.500 < Margin <= 8.000 41 2,681,084.74 0.56
8.000 < Margin <= 8.500 15 1,159,367.59 0.24
8.500 < Margin <= 9.000 10 508,406.95 0.11
9.000 < Margin <= 9.500 5 349,176.66 0.07
9.500 < Margin <= 10.000 2 152,888.73 0.03
- --------------------------------------------------------------------------
Total................. 5,358 $476,861,337.34 100.00%
==========================================================================
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
12.000 < LIFE CAP <= 12.500 2 205,235.44 0.04
12.500 < LIFE CAP <= 13.000 70 7,198,888.08 1.51
13.000 < LIFE CAP <= 13.500 112 12,606,894.87 2.64
13.500 < LIFE CAP <= 14.000 234 27,825,273.44 5.84
14.000 < LIFE CAP <= 14.500 250 29,068,288.39 6.10
14.500 < LIFE CAP <= 15.000 429 46,057,217.67 9.66
15.000 < LIFE CAP <= 15.500 339 32,213,481.74 6.76
15.500 < LIFE CAP <= 16.000 1312 127,165,113.93 26.67
16.000 < LIFE CAP <= 16.500 1146 93,119,185.03 19.53
16.500 < LIFE CAP <= 17.000 636 47,782,852.94 10.02
17.000 < LIFE CAP <= 17.500 227 17,394,431.71 3.65
17.500 < LIFE CAP <= 18.000 233 15,671,037.48 3.29
18.000 < LIFE CAP <= 18.500 94 5,709,234.39 1.20
18.500 < LIFE CAP <= 19.000 135 7,485,838.16 1.57
19.000 < LIFE CAP <= 19.500 44 2,404,714.21 0.50
19.500 < LIFE CAP <= 20.000 45 2,234,296.24 0.47
20.000 < LIFE CAP <= 20.500 15 928,743.45 0.19
20.500 < LIFE CAP <= 21.000 15 743,351.77 0.16
21.000 < LIFE CAP <= 21.500 12 639,673.92 0.13
21.500 < LIFE CAP <= 22.000 5 228,975.56 0.05
22.000 < LIFE CAP <= 22.500 1 56,964.05 0.01
23.000 < LIFE CAP <= 23.500 2 121,644.87 0.03
- --------------------------------------------------------------------------
Total................. 5358 $476,861,337.34 100.00%
==========================================================================
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
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
6.000 < Life Floor <= 6.500 2 205,235.44 0.04
6.500 < Life Floor <= 7.000 71 7,408,006.58 1.55
7.000 < Life Floor <= 7.500 115 13,032,283.14 2.73
7.500 < Life Floor <= 8.000 236 28,032,529.95 5.88
8.000 < Life Floor <= 8.500 263 31,284,456.65 6.56
8.500 < Life Floor <= 9.000 471 52,366,456.68 10.98
9.000 < Life Floor <= 9.500 358 33,331,130.42 6.99
9.500 < Life Floor <= 10.000 1338 128,458,110.04 26.94
10.000 < Life Floor <= 10.500 1188 96,046,033.52 20.14
10.500 < Life Floor <= 11.000 623 45,076,477.96 9.45
11.000 < Life Floor <= 11.500 175 12,440,844.40 2.61
11.500 < Life Floor <= 12.000 197 11,818,197.92 2.48
12.000 < Life Floor <= 12.500 84 4,704,981.11 0.99
12.500 < Life Floor <= 13.000 133 7,240,348.96 1.52
13.000 < Life Floor <= 13.500 35 1,965,814.51 0.41
13.500 < Life Floor <= 14.000 37 1,686,417.67 0.35
14.000 < Life Floor <= 14.500 14 826,811.23 0.17
14.500 < Life Floor <= 15.000 10 518,200.60 0.11
15.000 < Life Floor <= 15.500 4 181,037.87 0.04
15.500 < Life Floor <= 16.000 1 59,353.77 0.01
16.000 < Life Floor <= 16.500 3 178,608.92 0.04
- --------------------------------------------------------------------------
Total................. 5358 $476,861,337.34 100.00%
==========================================================================
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
07/01/98 1779 $154,869,895.12 32.48
08/01/98 1 $134,128.23 00.03
09/01/98 3 $191,291.35 00.04
10/01/98 45 $3,457,854.77 00.73
11/01/98 1187 $101,432,201.36 21.27
12/01/98 1647 $140,743,705.81 29.51
04/01/99 1 $724,125.24 00.15
05/01/99 1 $596,660.15 00.13
07/01/99 2 $267,943.86 00.06
08/01/99 1 $111,661.04 00.02
09/01/99 6 $719,543.53 00.15
10/01/99 62 $6,853,218.52 01.44
11/01/99 123 $14,815,395.88 03.11
12/01/99 75 $7,949,260.70 01.67
01/01/00 120 $13,925,578.39 02.92
02/01/00 21 $1,700,868.03 00.36
03/01/00 11 $851,910.44 00.18
04/01/00 261 $25,437,409.09 05.33
05/01/00 1 $31,989.99 00.01
12/01/00 5 $947,660.31 00.20
01/01/01 3 $478,936.18 00.10
04/01/01 3 $620,099.35 00.13
- ------------------------------------------------------------------
Total........ 5358 $476,861,337.34 100.00%
==================================================================
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
ORIGINAL MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
10,000 < Balance <= 15,000 19 253,879.71 0.05
15,000 < Balance <= 20,000 67 1,241,503.53 0.26
20,000 < Balance <= 25,000 123 2,831,444.78 0.59
25,000 < Balance <= 30,000 201 5,607,832.66 1.18
30,000 < Balance <= 35,000 215 7,032,437.77 1.47
35,000 < Balance <= 40,000 258 9,709,090.34 2.04
40,000 < Balance <= 45,000 279 11,860,766.98 2.49
45,000 < Balance <= 50,000 252 11,957,861.33 2.51
50,000 < Balance <= 55,000 285 14,947,899.67 3.13
55,000 < Balance <= 60,000 317 18,206,902.06 3.82
60,000 < Balance <= 65,000 229 14,351,559.80 3.01
65,000 < Balance <= 70,000 236 15,875,138.11 3.33
70,000 < Balance <= 75,000 254 18,366,691.00 3.85
75,000 < Balance <= 80,000 220 17,050,999.50 3.58
80,000 < Balance <= 85,000 223 18,388,754.86 3.86
85,000 < Balance <= 90,000 188 16,478,196.21 3.46
90,000 < Balance <= 95,000 153 14,177,160.03 2.97
95,000 < Balance <= 100,000 214 20,818,375.61 4.37
100,000 < Balance <= 105,000 147 15,050,559.32 3.16
105,000 < Balance <= 110,000 123 13,237,620.30 2.78
110,000 < Balance <= 115,000 125 14,011,243.58 2.94
115,000 < Balance <= 120,000 131 15,396,652.24 3.23
120,000 < Balance <= 125,000 73 8,931,431.40 1.87
125,000 < Balance <= 130,000 87 11,076,691.24 2.32
130,000 < Balance <= 135,000 83 10,979,449.22 2.30
135,000 < Balance <= 140,000 92 12,628,212.27 2.65
140,000 < Balance <= 145,000 74 10,521,685.91 2.21
145,000 < Balance <= 150,000 57 8,387,304.71 1.76
150,000 < Balance <= 200,000 367 63,002,513.22 13.21
200,000 < Balance <= 250,000 129 28,934,396.64 6.07
250,000 < Balance <= 300,000 64 17,331,107.28 3.63
300,000 < Balance <= 350,000 29 9,422,886.65 1.98
350,000 < Balance <= 400,000 21 7,868,293.49 1.65
400,000 < Balance <= 450,000 11 4,748,874.86 1.00
450,000 < Balance <= 500,000 8 3,845,057.07 0.81
500,000 < Balance <= 550,000 2 1,010,078.60 0.21
550,000 < Balance <= 600,000 1 596,660.15 0.13
700,000 < Balance <= 750,000 1 724,125.24 0.15
- -----------------------------------------------------------------------------
Total.................... 5358 $476,861,337.34 100.00%
=============================================================================
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
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
10,000 < Balance <= 15,000 20 267,954.53 0.06
15,000 < Balance <= 20,000 67 1,247,146.65 0.26
20,000 < Balance <= 25,000 123 2,836,255.34 0.59
25,000 < Balance <= 30,000 203 5,673,136.17 1.19
30,000 < Balance <= 35,000 220 7,220,965.33 1.51
35,000 < Balance <= 40,000 254 9,590,107.83 2.01
40,000 < Balance <= 45,000 283 12,056,101.91 2.53
45,000 < Balance <= 50,000 251 11,951,959.13 2.51
50,000 < Balance <= 55,000 291 15,303,968.25 3.21
55,000 < Balance <= 60,000 312 17,965,691.55 3.77
60,000 < Balance <= 65,000 228 14,329,124.26 3.00
65,000 < Balance <= 70,000 238 16,060,333.29 3.37
70,000 < Balance <= 75,000 258 18,710,822.50 3.92
75,000 < Balance <= 80,000 210 16,317,982.23 3.42
80,000 < Balance <= 85,000 222 18,321,008.40 3.84
85,000 < Balance <= 90,000 189 16,575,052.94 3.48
90,000 < Balance <= 95,000 162 15,039,331.46 3.15
95,000 < Balance <= 100,000 205 19,984,276.43 4.19
100,000 < Balance <= 105,000 148 15,174,964.33 3.18
105,000 < Balance <= 110,000 123 13,257,224.30 2.78
110,000 < Balance <= 115,000 128 14,374,018.33 3.01
115,000 < Balance <= 120,000 128 15,073,167.58 3.16
120,000 < Balance <= 125,000 76 9,323,146.07 1.96
125,000 < Balance <= 130,000 86 10,985,323.44 2.30
130,000 < Balance <= 135,000 81 10,738,242.13 2.25
135,000 < Balance <= 140,000 95 13,066,472.19 2.74
140,000 < Balance <= 145,000 71 10,125,443.30 2.12
145,000 < Balance <= 150,000 57 8,407,375.32 1.76
150,000 < Balance <= 200,000 364 62,603,131.07 13.13
200,000 < Balance <= 250,000 129 28,977,325.68 6.08
250,000 < Balance <= 300,000 63 17,088,309.34 3.58
300,000 < Balance <= 350,000 31 10,119,122.90 2.12
350,000 < Balance <= 400,000 19 7,172,057.24 1.50
400,000 < Balance <= 450,000 11 4,748,874.86 1.00
450,000 < Balance <= 500,000 8 3,845,057.07 0.81
500,000 < Balance <= 550,000 2 1,010,078.60 0.21
550,000 < Balance <= 600,000 1 596,660.15 0.13
700,000 < Balance <= 750,000 1 724,125.24 0.15
- --------------------------------------------------------------------------
Total.................... 5358 $476,861,337.34 100.00%
==========================================================================
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
Alabama 83 4,939,131.01 1.04
Arkansas 14 814,864.38 0.17
Arizona 117 8,199,608.24 1.72
California 843 114,493,429.42 24.01
Colorado 184 18,475,761.20 3.87
Connecticut 57 7,231,668.35 1.52
Dist of Col 12 1,195,723.87 0.25
Delaware 36 2,817,941.87 0.59
Florida 393 29,161,605.58 6.12
Georgia 63 5,049,943.75 1.06
Hawaii 15 2,680,001.38 0.56
Iowa 42 1,935,894.19 0.41
Idaho 35 2,766,767.53 0.58
Illinois 320 28,631,071.18 6.00
Indiana 106 6,181,267.69 1.30
Kansas 40 1,998,054.43 0.42
Kentucky 36 1,880,706.40 0.39
Louisiana 23 1,283,245.54 0.27
Massachsetts 125 13,677,190.46 2.87
Maryland 85 7,626,306.21 1.60
Maine 11 639,131.37 0.13
Michigan 271 18,698,068.44 3.92
Minnesota 250 21,928,984.17 4.60
Missouri 157 9,493,197.07 1.99
Mississippi 18 1,094,888.39 0.23
Montana 2 73,758.66 0.02
North Carolina 91 6,478,276.30 1.36
North Dakota 1 34,382.69 0.01
Nebraska 9 524,526.33 0.11
New Hampshire 9 794,180.47 0.17
New Jersey 157 17,279,627.83 3.62
New Mexico 51 4,166,294.88 0.87
Nevada 34 3,230,807.78 0.68
New York 237 19,739,419.07 4.14
Ohio 271 17,694,351.76 3.71
Oklahoma 88 4,415,830.94 0.93
Oregon 130 12,531,305.21 2.63
Pennsylvania 286 18,234,926.80 3.82
Rhode Island 63 6,091,670.88 1.28
South Carolina 13 819,095.82 0.17
South Dakota 7 331,213.91 0.07
Tennessee 105 7,369,943.16 1.55
Texas 63 4,933,948.42 1.03
Utah 135 15,330,808.36 3.21
Virginia 15 1,788,670.47 0.38
Vermont 1 87,722.67 0.02
Washington 166 15,465,176.25 3.24
Wisconsin 57 4,483,805.48 0.94
West Virgina 11 705,604.06 0.15
Wyoming 20 1,361,537.02 0.29
- --------------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
==========================================================================
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 4672 418,688,788.13 87.80
Manufactured Housing 99 5,393,394.60 1.13
PUD 53 6,089,274.00 1.28
Townhouses 36 2,940,010.45 0.62
Condominiums 157 13,696,027.09 2.87
2-4 Family 341 30,053,843.07 6.30
- --------------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 4802 439,601,810.68 92.19
Non Owner Occ. 556 37,259,526.66 7.81
- ----------------------------------------------------------------------------
Total.................. 5358 $476,861,337.34 100.00%
============================================================================
LOAN SUMMARY STRATIFIED BY
PRODUCT TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
2/28 arm 689 74,389,681.97 15.60
3/27 arm 11 2,046,695.84 0.43
6 mo libor 4658 400,424,959.53 83.97
- --------------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
==========================================================================
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 5358 476,861,337.34 100.00
- --------------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
==========================================================================
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
LOAN SUMMARY STRATIFIED BY
PAG CODE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 1202 117,400,796.29 24.62
2 1871 173,990,886.57 36.49
3 1240 107,116,835.70 22.46
4 101 7,524,631.27 1.58
5 944 70,828,187.51 14.85
- -----------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
=======================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINATOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
ORIGINATOR Loans Balance Balance
ADMIRAL MORTGAG 1 154,912.03 0.03
ALTERNATIVE LEN 37 4,596,577.66 0.96
AMERICAN LENDIN 2 144,848.44 0.03
AMERICREDIT COR 7 894,010.79 0.19
AMERIQUEST MTG 4692 406,164,432.02 85.17
AMERISOUTH MORT 1 143,041.16 0.03
AMRESCO 285 27,334,596.63 5.73
BANKERS WHOLESA 1 137,467.77 0.03
BAYSHORE MORTGA 10 372,007.52 0.08
CHASE MORTGAGE 1 151,766.82 0.03
DOERING MORTGAG 2 85,247.65 0.02
EDGE MORTGAGE S 16 966,965.48 0.20
EQUITY SECURED 28 2,809,234.99 0.59
EVEREST MORTGAG 32 4,263,649.33 0.89
FEDERAL FUNDER 1 56,725.82 0.01
FIRST AMERICAN 1 94,796.52 0.02
GATEWAY FINANCI 2 272,066.20 0.06
GREAT NORTHERN 2 150,473.16 0.03
HERNANDEZ INVES 1 99,235.91 0.02
HOME MORTGAGE, 2 114,694.16 0.02
LONG BEACH MTG 7 1,760,389.00 0.37
MEGO MORTGAGE A 4 301,899.76 0.06
MINNESOTA FUNDI 1 88,296.41 0.02
MLSG INCORPORAT 6 892,692.59 0.19
MONEY MORTGAGE 1 124,893.06 0.03
MORTGAGE PLUS O 4 295,990.13 0.06
NATIONAL MORTGA 124 14,850,509.38 3.11
OAKMONT MORTGAG 11 1,590,604.89 0.33
PARAGON LENDING 1 53,182.14 0.01
PARKWAY MORTGAG 56 5,986,132.34 1.26
PENDING BROKER 2 128,360.52 0.03
QUALITY 2 166,386.57 0.03
STANDARD FINANC 11 1,263,103.30 0.26
T C R M ADVISOR 1 94,064.89 0.02
WEYERHAEUSER MO 3 258,082.30 0.05
- --------------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
==========================================================================
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 Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
LOAN SUMMARY STRATIFIED BY PREPAYMENT PENALTY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
PREPAYMENT PENALTY Loans Balance Balance
No 2,318 $213,580,604.07 44.79
Yes 3,040 $263,280,733.27 55.21
- ----------------------------------------------------------------------
Total..... 5,358 $476,861,337.34 100.00%
======================================================================
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 5358 476,861,337.34 100.00
- --------------------------------------------------------------------------
Total.................. 5358 $476,861,337.34 100.00%
==========================================================================
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
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
$ [1,000,000,000]
AMRESCO 1998-2
---------------------------------------------
$[116,000,000] Class A-1 Fixed-Rate Certificates - [TBD%]
$ [61,000,000] Class A-2 Fixed-Rate Certificates - [TBD%]
$ [36,000,000] Class A-3 Fixed-Rate Certificates - [TBD%]
$ [37,000,000] Class A-4 Fixed-Rate Certificates - [TBD%]
$ [16,000,000] Class A-5 Fixed-Rate Certificates - [TBD%]
$ [35,000,000] Class A-6 Fixed-Rate Certificates - [TBD%]
$[150,000,000] Class A-7 Adjustable-Rate Certificates - [TBD + 1M LIBOR]
$[376,500,000] Class A-8 Adjustable-Rate Certificates - [TBD + 1M LIBOR]
$ [19,250,000] Class M-1F Fixed-Rate Certificates - [TBD%]
$ [52,000,000] Class M-1A Adjustable-Rate Certificates - [TBD + 1M LIBOR]
$ [15,750,000] Class M-2F Fixed-Rate Certificates - [TBD%]
$ [39,000,000] Class M-2A Adjustable-Rate Certificates - [TBD + 1M LIBOR]
$ [14,000,000] Class B-1F Fixed-Rate Certificates - [TBD%]
$ [32,500,000] Class B-1A Adjustable-Rate Certificates - [TBD + 1M LIBOR]
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
ALL CERTIFICATES
----------------
Title of Securities: AMRESCO Residential Securities Corporation Mortgage
Loan Trust 1998-2
Fixed-Rate
Certificates: Class A-1 through Class A-6 (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")
Adjustable-Rate
Certificates: Class A-7 and Class A-8 (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") The Adjustable-Rate
Certificates and Fixed-Rate Certificates being
collectively referred to as the "Certificates".
Collateral: Fixed and adjustable rate home equity mortgage loans,
respectively referred to as the "Fixed-Rate Loans" and
the "Adjustable-Rate Loans," together, referred to as
the "Mortgage Loans".
Depositor: AMRESCO Residential Securities Corporation
Seller: AMRESCO Residential Capital Markets, Inc.
Master Servicer: AMRESCO Residential Capital Markets, Inc.
Servicers: Ameriquest Mortgage Company, Wendover Financial
Services 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.
Servicing Fee: [50] bps per annum
Trustee: Norwest Bank Minnesota, N.A.
Pricing Date: [May 28, 1998]
Settlement Date: [June 11, 1998]
Certificate Ratings:
<TABLE>
<CAPTION>
---------Fixed-Rate Certificates--------- ---------Adjustable-Rate Certificates---------
Moody's Fitch [Duff] Moody's Fitch [Duff]
------ ------ ----- ------- ------ ------
<S> <C> <C> <C> <C> <C> <C>
Class A Aaa AAA [AAA] Aaa AAA [AAA]
Class M-1 Aa2 AA [AA] Aa2 AA [AA]
Class M-2 A2 A [A] A2 A [A]
Class B Baa3 BBB [BBB] Baa3 BBB- [BBB]
</TABLE>
10% Auction Call: The Trustee shall solicit bids for the purchase of
mortgage loans remaining in a Mortgage Loan Group when
the outstanding Certificate Balance of the related
group equals 10% or less of the original principal
balance of the Certificates in the related group. This
call can be exercised at no less than par plus accrued
interest. If the auction is not successful, the
Servicers will have the right to purchase the Mortgage
Loans in a Mortgage Loan Group when the outstanding
Certificate Balance of the related group has declined
to 5% of original, again, at no less than par plus
accrued interest.
Note: the Fixed-Rate and Adjustable-Rate Certificates
each has it own separate Auction Call.
ERISA Consideration: The Fixed-Rate Senior Certificates and the
Adjustable-Rate Senior Certificates will be ERISA
eligible. However, investors should consult with their
counsel with respect to the consequences under ERISA
and the Internal Revenue Code of the Plan's acquisition
and ownership of such Certificates.
SMMEA Considerations: Only the Class A-7, Class A-8 and Class M-1A
Certificates will be SMMEA eligible. The remaining
Offered Certificates will NOT be SMMEA eligible.
Taxation: REMIC elections.
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 consummated unless the purchaser has received
the Prospectus.
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 2
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AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
ALL CERTIFICATES (Cont.)
------------------------
Initial Class Sizes: Fixed-Rate Certificates Adjustable-Rate Certificates
-------- --------
Class A - [86.00%] Class A - [81.00%]
Class M-1 - [5.50%] Class M-1 - [8.00%]
Class M-2 - [4.50%] Class M-2 - [6.00%]
Class B - [4.00%] Class B - [5.00%]
O/C - [0 to 1.75%] O/C - [0 to 2.40%]
Subordinate IO: The Certificates will include separate Subordinate IO
strips off of the Fixed-Rate Loan group and the
Adjustable-Rate Loan group which are not offered
hereby. The Fixed-Rate Loan group Subordinate IO pays a
15% coupon for the first 24 months based on its
notional principal balance (defined as the sum of the
Class M-1F outstanding principal balance and the Class
M-2F outstanding principal balance). The Adjustable-
Rate Loan group Subordinate IO pays a 7.5% coupon for
the first 24 months based on its notional principal
balance ([defined as (i) for the first month, the Class
B-1A outstanding principal balance and (ii) for months
2 through 24, the sum of the Class M-2A outstanding
principal balance and the Class B-1A outstanding
principal balance]).
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
Overcollateralization
Targets: 1. Before the Stepdown Date, overcollateralization
builds to [1.75%] and [2.40%] of the original loan
balance of the Fixed-Rate and Adjustable-Rate Loan
groups, respectively.
2. On and after the Stepdown Date,
overcollateralization is maintained at [3.50%] and
[4.80%] of the outstanding loan balance of the
Fixed-Rate and Adjustable-Rate Loan groups,
respectively (subject to performance triggers).
3. The overcollateralization amount is subject to a
floor of [0.50%] of the original loan balance for
both loan groups.
Interest Cashflow
Priority: Interest Collections (net of Servicing) will generally
be allocated in the following priority:
Fixed Rate Cashflows
1. Trustee fee
2. Class A-1-through Class A-6 current interest plus
unpaid interest shortfalls
3. M-1F current interest
4. M-2F current interest
5. B-1F current interest
6. Fixed-Rate Subordinate IO current interest
7. Build fixed-rate overcollateralization to the target
level
8. Unpaid interest shortfalls and reimbursements of
principal writedowns on Class M-1F, Class M-2F and
Class B-1F.
9. To the Adjustable-Rate Loan group in the order of
items 7 and 8, if necessary
Floating Rate Cashflows
1. Trustee Fee
2. Class A-7 and Class A-8 current interest plus unpaid
interest shortfalls
3. M-1A current interest
4. M-2A current interest
5. B-1A current interest
6. Adjustable-Rate Subordinate IO current interest
7. Build adjustable-rate overcollateralization to the
target level
8. Unpaid interest shortfalls and reimbursements of
principal writedowns on Class M-1A, Class M-2A and
Class B-1A
9. To the Fixed-Rate Loan group in the order of items 7
and 8, if necessary
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 3
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- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
ALL CERTIFICATES (Cont.)
------------------------
Principal Cashflow
Priority: Collections of Principal before the Stepdown Date, or
if a Trigger Event exists, will be allocated in the
following priority:
Fixed-Rate Cashflows
1. Pay A-6 according to the following Lockout
Percentage:
July 1998 - June 2001 0%
July 2001 - June 2003 45%
July 2003 - June 2004 80%
July 2004 - June 2005 100%
July 2005 and thereafter 300%
2. Pay Classes A-1 through A-6 sequentially
3. Pay Classes M-1F, M-2F and B-1F sequentially
Floating-Rate Cashflows
1. Until the Class A-7 Certificate balance is
reduced to zero, collections of principal with
respect to the Adjustable-Rate Loan group will be
distributed to the Class A-7 and Class A-8
Certificates as follows; (i) 50% to the Class A-7
Certificates and (ii) 50% to the Class A-8
Certificates.
2. After the Class A-7 Certificate balance is
reduced to zero, all collections of principal
with respect to the Adjustable-Rate Loan group
will be distributed to the Class A-8 Certificates
until the Class A-8 Certificate balance is
reduced to zero.
3. Pay Classes M-1A, M-2A and B-1A sequentially.
Collections of Principal on and after the Stepdown
date, (assuming no Trigger Event is in effect) will be
allocated in the following priority:
Fixed Rate-Cashflows
Pay Fixed-Rate Class A, Class M-1F, Class M-2F, and
Class B-1F concurrently in accordance with
enhancement targets, equal to 2.0 times the initial
enhancement for each class:
Targeted % Targeted Credit
of Pool Enhancement
Class A [68.5%] [31.5%]
Class M-1F [11.0] [20.5]
Class M-2F [9.0] [11.5]
Class B-1F [8.0] [3.5]
Overcollateralization [3.5]
Floating-Rate Cashflows
Pay Class A-7 and Class A-8 (according to Class A-7
and Class A-8 distribution percentages described
above), M-1A, M-2A, and B-1A concurrently in
accordance with enhancement targets equal to 2.0
times the initial enhancement for each class:
Targeted % Targeted Credit
of Pool Enhancement
Class A [57.2%] [42.8%]
Class M-1A [16.0%] [26.8%]
Class M-2A [12.0%] [14.8%]
Class B-1A [10.0%] [4.8%]
Overcollateralization [4.8%]
Fixed-Rate Certificates Senior Specified Enhancement Percentage: [31.50%]
Adjustable-Rate Certificates Senior Specified Enhancement Percentage: [42.80%]
Stepdown Date: With respect to a loan group, the later of: (x) the
37th Payment Date (July 2001) and (y) the first payment
date on which the Senior Enhancemnent Percentage is
greater than or equal to the related the Senior
Specified Enhancement Percentage.
FOR A COMPLETE DESCRIPTION OF THE FLOW OF FUNDS, PLEASE
REFER TO THE PROSPECTUS SUPPLEMENT SECTION TITLED
"DESCRIPTION OF THE OFFERED CERTIFICATES -
DISTRIBUTIONS".
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 4
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- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
ALL CERTIFICATES (Cont.)
------------------------
Trigger Event: Occurs with respect to a loan group when 60+ day
delinquency percentage is greater than (x) 50% of the
senior enhancement percentage for the Fixed-Rate Loan
group or (y) 40% of the senior enhancement percentage
for the Adjustable-Rate Loan group.
Subordinate Trigger
Event: Occurs with respect to a loan group if both:
I. Realized losses exceed: Fixed ARMs
July 1998 - June 2000 [1.26%] [1.75%]
July 2000 - June 2001 [1.50%] [2.10%]
July 2001 - June 2002 [2.60%] [3.50%]
July 2002 - June 2003 [3.30%] [4.40%]
July 2003 - June 2004 [3.50%] [4.80%]
July 2004 - June 2005 [3.50%] [5.20%]
July 2005 - June 2006 [3.50%] [5.60%]
II. 60+ day delinquencies exceed:
July 2000 - June 2002 [4.00%] [4.00%]
July 2002 - June 2004 [5.50%] [5.50%]
July 2004 - June 2006 [8.00%] [8.00%]
If a Subordinate Trigger Event occurs,
overcollateralization is not released and the excess
cashflow attributable is paid to the related
subordinated classes in reverse order of seniority.
FOR A COMPLETE DESCRIPTION OF THE FLOW OF FUNDS, PLEASE
REFER TO THE PROSPECTUS SUPPLEMENT SECTION TITLED
"DESCRIPTION OF THE OFFERED CERTIFICATES -
DISTRIBUTIONS".
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 5
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- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
- --------------------------------------------------------------------------------
FIXED-RATE CERTIFICATES
Collateral: Fixed-Rate, First and Second Lien Mortgage Loans.
Approximate Group Size: [350,000,000]
<TABLE>
<CAPTION>
Class A-1 Class A-2 Class A-3 Class A-4 Class A-5** Class A-6
--------- --------- --------- --------- --------- --------
<S> <C> <C> <C> <C> <C> <C>
Approximate Face Amount: [ 116,000,000 61,000,000 36,000,000 37,000,000 16,000,000 35,000,000 ]
Avg Life to 10% Call Date: [ 0.8 years 2.0 years 3.0 years 5.1 years 8.0 years 6.5 years ]
Avg. Life to Maturity (app.) [ 0.8 years 2.0 years 3.0 years 5.1 years 12.1 years 6.7 years ]
Pass-Through Rate: [ TBD TBD TBD TBD TBD* TBD ]%
Price [ TBD TBD TBD TBD TBD TBD ]
Spread: Pricing Speed: [ 24 HEP 24 HEP 24 HEP 24 HEP 24 HEP 24 HEP ]
Yield to maturity (CBE): [ TBD TBD TBD TBD TBD TBD ]%
Day Count: [ 30/360 30/360 30/360 30/360 30/360 30/360 ]
Expected Maturity To Call: [ 12/25/99 12/25/00 03/25/02 05/25/06 05/25/06 05/25/06 ]
(at pricing speed)
Expected Maturity: [ 12/25/99 12/25/00 03/25/02 01/25/07 12/25/15 10/25/15 ]
(at pricing speed)
Stated Maturity: [ 12/25/15 05/25/22 02/25/25 04/25/27 03/25/28 12/25/27 ]
</TABLE>
Class M-1F Class M-2F Class B-1F
-------- ---------- ----------
Approximate Face Amount: [ 19,250,000 15,750,000 14,000,000 ]
Avg Life to 10% Call Date: [ 5.4 years 5.4 years 5.4 years ]
Avg. Life to Maturity (app.) [ 6.0 years 5.9 years 5.6 years ]
Pass-Through Rate: [ TBD* TBD* TBD* ]%
Price: [ TBD TBD TBD ]
Spread: [ TBD TBD TBD ]%
Pricing Speed [ 24 HEP 24 HEP 24 HEP ]
Yield to Maturity (CBE): [ TBD TBD TBD ]%
Day Count: [ 30/360 30/360 30/360 ]
Expected Maturity To Call: [ 05/25/06 05/25/06 05/25/06 ]
(at pricing speed)
Expected Maturity: [ 07/25/12 03/25/11 05/25/09 ]
(at pricing speed)
Stated Maturity: [ 03/25/28 03/25/28 03/25/28 ]
* [Pass-through rate may be subject to the Fixed-Rate Available Funds Cap]
** If an Auction Sale is not successful the coupon on the A-5 Class will
increase by 50%.
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 6
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AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
FIXED-RATE CERTIFICATES (Cont.)
Fixed-Rate
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 Fixed-Rate
Loans for such Payment Date.
Pre-Funding Account: On the closing date, approximately [$52.5] million will
be deposited in a pre-funding account for the purchase
of additional fixed rate mortgage loans. From the
closing date until [August],1998, 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 with respect
to the Fixed-Rate loan group will be distributed
sequentially to the Class A-1, A-2, A-3, A-4, A-5 and
A-6 Certificateholders as prepayments based on the cash
flow priority on the [September 25], 1998 Payment Date.
Payment Date: The 25th day of each month or, if such day is not a
business day, the next succeeding business day,
beginning on [July 25], 1998.
Payment Delay: 24 days for the Fixed-Rate Certificates.
Coupon Step-Up at
10% Auction Call: If an Auction Sale is not successful the coupon on the
A-5 Class will increase by .50%.
Interest Accrual
Period: For the Fixed-Rate Certificates, interest will accrue
from the 1st day of the preceding month until the 30th
day of the preceding month.
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 7
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AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
- --------------------------------------------------------------------------------
ADJUSTABLE-RATE CERTIFICATES
Collateral: Adjustable-Rate, First Lien Mortgage Loans.
Approximate Group Size: [$650,000,000]
<TABLE>
<CAPTION>
Class A-7 Class A-8 Class M-1A Class M-2A Class B-1A
--------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C>
Approximate Face Amount: [ 150,000,000 376,500,000 52,000,000 39,000,000 32,500,000 ]
Avg Life to 10% Auction Call [ 0.9 years 2.8 years 5.0 years 4.9 years 4.8 years ]
Avg. Life to Maturity (app.) [ 0.9 years 3.1 years 5.5 years 5.4 years 5.1 years ]
Pass-Through Rate:* [ TBD TBD TBD TBD TBD ]%
Price [ TBD TBD TBD TBD TBD ]
Pricing Speed [ 27 CPR 27 CPR 27 CPR 27 CPR 27 CPR ]
Day Count: [ ACT/360 ACT/360 ACT/360 ACT/360 ACT/360 ]
Expected Maturity To Call: [ 04/25/00 07/25/05 07/25/05 07/25/05 07/25/05 ]
(at pricing speed)
Expected Maturity: [ 04/25/00 08/25/14 02/25/12 10/25/10 12/25/08 ]
(at pricing speed)
[ 06/25/20 06/25/28 06/25/28 06/25/28 06/25/28 ]
</TABLE>
Stated Maturity:
* Pass-through rate for the Adjustable-Rate Certificates is subject to the
Adjustable-Rate Available Funds Cap with shortfall reimbursement.
** For Class A-8, 1M LIBOR + 2 x Spread; and for Classes 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 Adjustable-Rate Available Funds Cap.
Adjustable-Rate
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 Adjustable-Rate
Loans for such Payment Date.
Pre-Funding Account: On the closing date, approximately [$97.5 million] will
be deposited in a pre-funding account for the purchase
of additional adjustable rate mortgage loans. From the
closing date until [August], 1998, 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-7 and Class A-8
Certificateholders as prepayments on the [September
25], 1998 Payment Date.
Coupon Step-Up at 10%
Auction Call: If the Auction Sale is not successful, the coupon on
the Class A-8 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 Adjustable-Rate Available Funds Cap.
Payment Date: The 25th day of each month or, if such day is not a
business day, the next succeeding business day,
beginning on [July 25], 1998.
Interest Accrual Period: Interest will accrue from the 25th day of the preceding
month ([June 11], for the first accrual period) until
the 24th day of the current month (from Payment Date to
Payment Date).
Interest and Payment
Adjustments: The interest rates and payments on the underlying
mortgage loans will generally adjust semi-annually.
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 8
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
AVAILABLE FUNDS CAP:
PERIODS DATE COUPON PERIODS DATE COUPON
- -------- -------- ------- -------- -------- -------
1 07/01/98 9.337 49 07/01/02 10.976
2 08/01/98 9.613 50 08/01/02 10.976
3 09/01/98 9.612 51 09/01/02 10.976
4 10/01/98 9.663 52 10/01/02 10.976
5 11/01/98 9.663 53 11/01/02 10.976
6 12/01/98 9.849 54 12/01/02 10.976
7 01/01/99 10.098 55 01/01/03 10.976
8 02/01/99 10.163 56 02/01/03 10.976
9 03/01/99 10.209 57 03/01/03 10.976
10 04/01/99 10.215 58 04/01/03 10.976
11 05/01/99 10.215 59 05/01/03 10.976
12 06/01/99 10.400 60 06/01/03 10.976
13 07/01/99 10.523 61 07/01/03 10.976
14 08/01/99 10.558 62 08/01/03 10.976
15 09/01/99 10.581 63 09/01/03 10.976
16 10/01/99 10.581 64 10/01/03 10.976
17 11/01/99 10.664 65 11/01/03 10.976
18 12/01/99 10.716 66 12/01/03 10.976
19 01/01/00 10.732 67 01/01/04 10.976
20 02/01/00 10.819 68 02/01/04 10.976
21 03/01/00 10.819 69 03/01/04 10.976
22 04/01/00 10.834 70 04/01/04 10.976
23 05/01/00 10.834 71 05/01/04 10.977
24 06/01/00 10.889 72 06/01/04 10.977
25 07/01/00 10.889
26 08/01/00 10.932
27 09/01/00 10.932
28 10/01/00 10.937
29 11/01/00 10.937
30 12/01/00 10.970
31 01/01/01 10.970
32 02/01/01 10.976
33 03/01/01 10.976
34 04/01/01 10.976
35 05/01/01 10.976
36 06/01/01 10.976
37 07/01/01 10.976
38 08/01/01 10.976
39 09/01/01 10.976
40 10/01/01 10.976
41 11/01/01 10.976
42 12/01/01 10.976
43 01/01/02 10.976
44 02/01/02 10.976
45 03/01/02 10.976
46 04/01/02 10.976
47 05/01/02 10.976
48 06/01/02 10.976
* Computed on a 30/360 day basis, by subtracting the applicable service fee from
the available collateral coupon assuming a constant 6M LIBOR.
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 9
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
<TABLE>
<CAPTION>
CURRENT BALANCE: $116,000,000.00 DATED DATE: 06/01/98
COUPON: 6.580% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $116,000,000.00 BOND A1 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.423 6.473 6.456 6.439 6.407 6.392 6.377 6.362
99-24+ 6.402 6.456 6.438 6.420 6.385 6.368 6.352 6.336
99-25 6.382 6.440 6.420 6.401 6.363 6.345 6.328 6.310
99-25+ 6.361 6.423 6.402 6.381 6.341 6.322 6.303 6.285
99-26 6.340 6.407 6.384 6.362 6.319 6.299 6.279 6.259
99-26+ 6.320 6.390 6.366 6.343 6.297 6.276 6.254 6.233
99-27 6.299 6.374 6.349 6.324 6.275 6.252 6.230 6.208
99-27+ 6.279 6.358 6.331 6.304 6.254 6.229 6.206 6.182
99-28 6.258 6.341 6.313 6.285 6.232 6.206 6.181 6.156
99-28+ 6.238 6.325 6.295 6.266 6.210 6.183 6.157 6.131
99-29 6.217 6.308 6.277 6.247 6.188 6.160 6.132 6.105
99-29+ 6.196 6.292 6.259 6.227 6.166 6.137 6.108 6.080
99-30 6.176 6.275 6.241 6.208 6.144 6.114 6.084 6.054
99-30+ 6.155 6.259 6.224 6.189 6.122 6.091 6.059 6.028
99-31 6.135 6.243 6.206 6.170 6.101 6.067 6.035 6.003
99-31+ 6.114 6.226 6.188 6.151 6.079 6.044 6.011 5.977
100-00 6.094 6.210 6.170 6.131 6.057 6.021 5.986 5.952
100-00+ 6.073 6.193 6.152 6.112 6.035 5.998 5.962 5.926
100-01 6.053 6.177 6.135 6.093 6.013 5.975 5.938 5.900
100-01+ 6.032 6.161 6.117 6.074 5.991 5.952 5.913 5.875
100-02 6.012 6.144 6.099 6.055 5.970 5.929 5.889 5.849
100-02+ 5.991 6.128 6.081 6.036 5.948 5.906 5.865 5.824
100-03 5.971 6.112 6.064 6.016 5.926 5.883 5.840 5.798
100-03+ 5.950 6.095 6.046 5.997 5.904 5.860 5.816 5.773
100-04 5.930 6.079 6.028 5.978 5.882 5.837 5.792 5.747
100-04+ 5.909 6.063 6.010 5.959 5.861 5.814 5.768 5.722
100-05 5.889 6.046 5.992 5.940 5.839 5.791 5.743 5.696
100-05+ 5.868 6.030 5.975 5.921 5.817 5.768 5.719 5.671
100-06 5.848 6.013 5.957 5.902 5.795 5.745 5.695 5.645
100-06+ 5.828 5.997 5.939 5.883 5.774 5.722 5.671 5.620
100-07 5.807 5.981 5.921 5.863 5.752 5.699 5.646 5.594
100-07+ 5.787 5.964 5.904 5.844 5.730 5.676 5.622 5.569
First Payment 0.122 0.122 0.122 0.122 0.122 0.122 0.122 0.122
Average Life 0.804 1.016 0.932 0.862 0.754 0.711 0.674 0.640
Last Payment 1.539 1.956 1.789 1.622 1.372 1.289 1.206 1.122
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 10
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
<TABLE>
<CAPTION>
CURRENT BALANCE: $61,000,000.00 DATED DATE: 06/01/98
COUPON: 6.285% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $61,000,000.00 BOND A2 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.276 6.297 6.290 6.283 6.269 6.262 6.255 6.247
99-24+ 6.268 6.291 6.283 6.275 6.260 6.252 6.244 6.236
99-25 6.259 6.284 6.276 6.267 6.251 6.242 6.234 6.225
99-25+ 6.251 6.278 6.269 6.260 6.241 6.232 6.223 6.214
99-26 6.242 6.271 6.261 6.252 6.232 6.222 6.212 6.203
99-26+ 6.234 6.265 6.254 6.244 6.223 6.213 6.202 6.191
99-27 6.225 6.258 6.247 6.236 6.214 6.203 6.191 6.180
99-27+ 6.217 6.251 6.240 6.228 6.205 6.193 6.181 6.169
99-28 6.208 6.245 6.233 6.220 6.196 6.183 6.170 6.158
99-28+ 6.200 6.238 6.225 6.213 6.186 6.173 6.160 6.147
99-29 6.191 6.232 6.218 6.205 6.177 6.163 6.149 6.136
99-29+ 6.183 6.225 6.211 6.197 6.168 6.154 6.139 6.124
99-30 6.174 6.219 6.204 6.189 6.159 6.144 6.128 6.113
99-30+ 6.166 6.212 6.197 6.181 6.150 6.134 6.118 6.102
99-31 6.157 6.206 6.189 6.173 6.141 6.124 6.107 6.091
99-31+ 6.149 6.199 6.182 6.165 6.131 6.114 6.097 6.080
100-00 6.140 6.193 6.175 6.158 6.122 6.104 6.086 6.069
100-00+ 6.132 6.186 6.168 6.150 6.113 6.095 6.076 6.057
100-01 6.123 6.180 6.161 6.142 6.104 6.085 6.065 6.046
100-01+ 6.115 6.173 6.154 6.134 6.095 6.075 6.055 6.035
100-02 6.106 6.167 6.146 6.126 6.086 6.065 6.045 6.024
100-02+ 6.098 6.160 6.139 6.118 6.077 6.055 6.034 6.013
100-03 6.089 6.153 6.132 6.111 6.067 6.046 6.024 6.002
100-03+ 6.081 6.147 6.125 6.103 6.058 6.036 6.013 5.991
100-04 6.072 6.140 6.118 6.095 6.049 6.026 6.003 5.979
100-04+ 6.064 6.134 6.110 6.087 6.040 6.016 5.992 5.968
100-05 6.055 6.127 6.103 6.079 6.031 6.006 5.982 5.957
100-05+ 6.047 6.121 6.096 6.072 6.022 5.996 5.971 5.946
100-06 6.038 6.114 6.089 6.064 6.013 5.987 5.961 5.935
100-06+ 6.030 6.108 6.082 6.056 6.004 5.977 5.950 5.924
100-07 6.021 6.101 6.075 6.048 5.994 5.967 5.940 5.913
100-07+ 6.013 6.095 6.067 6.040 5.985 5.957 5.929 5.902
First Payment 1.539 1.956 1.789 1.622 1.372 1.289 1.206 1.122
Average Life 2.007 2.664 2.401 2.187 1.853 1.720 1.604 1.503
Last Payment 2.539 3.456 3.039 2.789 2.372 2.206 2.039 1.872
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 11
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
<TABLE>
<CAPTION>
CURRENT BALANCE: $36,000,000.00 DATED DATE: 06/01/98
COUPON: 6.300% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $36,000,000.00 BOND A3 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.320 6.337 6.332 6.326 6.313 6.308 6.303 6.297
99-24+ 6.314 6.333 6.327 6.321 6.307 6.301 6.295 6.289
99-25 6.308 6.329 6.322 6.316 6.300 6.294 6.288 6.281
99-25+ 6.302 6.324 6.318 6.311 6.294 6.287 6.280 6.273
99-26 6.297 6.320 6.313 6.305 6.287 6.280 6.273 6.266
99-26+ 6.291 6.316 6.308 6.300 6.281 6.273 6.265 6.258
99-27 6.285 6.312 6.303 6.295 6.274 6.266 6.258 6.250
99-27+ 6.279 6.307 6.299 6.290 6.268 6.259 6.250 6.242
99-28 6.273 6.303 6.294 6.284 6.261 6.252 6.243 6.234
99-28+ 6.267 6.299 6.289 6.279 6.255 6.245 6.236 6.226
99-29 6.262 6.295 6.285 6.274 6.248 6.238 6.228 6.218
99-29+ 6.256 6.290 6.280 6.269 6.242 6.231 6.221 6.210
99-30 6.250 6.286 6.275 6.263 6.235 6.224 6.213 6.202
99-30+ 6.244 6.282 6.270 6.258 6.229 6.217 6.206 6.194
99-31 6.238 6.278 6.266 6.253 6.222 6.210 6.198 6.186
99-31+ 6.232 6.273 6.261 6.248 6.216 6.204 6.191 6.178
100-00 6.227 6.269 6.256 6.242 6.209 6.197 6.184 6.170
100-00+ 6.221 6.265 6.251 6.237 6.203 6.190 6.176 6.163
100-01 6.215 6.261 6.247 6.232 6.196 6.183 6.169 6.155
100-01+ 6.209 6.256 6.242 6.227 6.190 6.176 6.161 6.147
100-02 6.203 6.252 6.237 6.221 6.184 6.169 6.154 6.139
100-02+ 6.198 6.248 6.233 6.216 6.177 6.162 6.146 6.131
100-03 6.192 6.244 6.228 6.211 6.171 6.155 6.139 6.123
100-03+ 6.186 6.239 6.223 6.206 6.164 6.148 6.132 6.115
100-04 6.180 6.235 6.218 6.200 6.158 6.141 6.124 6.107
100-04+ 6.174 6.231 6.214 6.195 6.151 6.134 6.117 6.099
100-05 6.168 6.227 6.209 6.190 6.145 6.127 6.109 6.091
100-05+ 6.163 6.222 6.204 6.185 6.138 6.120 6.102 6.083
100-06 6.157 6.218 6.200 6.179 6.132 6.113 6.095 6.076
100-06+ 6.151 6.214 6.195 6.174 6.125 6.106 6.087 6.068
100-07 6.145 6.210 6.190 6.169 6.119 6.099 6.080 6.060
100-07+ 6.139 6.206 6.185 6.164 6.113 6.093 6.072 6.052
First Payment 2.539 3.456 3.039 2.789 2.372 2.206 2.039 1.872
Average Life 3.019 4.311 3.813 3.395 2.690 2.490 2.316 2.162
Last Payment 3.789 5.372 4.706 4.206 3.039 2.872 2.622 2.456
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 12
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
<TABLE>
<CAPTION>
CURRENT BALANCE: $37,000,000.00 DATED DATE: 06/01/98
COUPON: 6.480% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $37,000,000.00 BOND A4 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.525 6.539 6.535 6.530 6.520 6.514 6.507 6.498
99-24+ 6.521 6.536 6.532 6.527 6.516 6.509 6.501 6.492
99-25 6.517 6.534 6.529 6.524 6.512 6.504 6.496 6.486
99-25+ 6.514 6.531 6.526 6.520 6.507 6.500 6.491 6.480
99-26 6.510 6.529 6.523 6.517 6.503 6.495 6.485 6.474
99-26+ 6.506 6.526 6.520 6.514 6.499 6.490 6.480 6.468
99-27 6.502 6.524 6.518 6.511 6.495 6.486 6.475 6.462
99-27+ 6.499 6.521 6.515 6.507 6.491 6.481 6.470 6.456
99-28 6.495 6.518 6.512 6.504 6.487 6.476 6.464 6.450
99-28+ 6.491 6.516 6.509 6.501 6.482 6.471 6.459 6.444
99-29 6.487 6.513 6.506 6.497 6.478 6.467 6.454 6.438
99-29+ 6.484 6.511 6.503 6.494 6.474 6.462 6.448 6.432
99-30 6.480 6.508 6.500 6.491 6.470 6.457 6.443 6.426
99-30+ 6.476 6.506 6.497 6.488 6.466 6.453 6.438 6.420
99-31 6.472 6.503 6.495 6.484 6.462 6.448 6.433 6.414
99-31+ 6.469 6.501 6.492 6.481 6.458 6.443 6.427 6.408
100-00 6.465 6.498 6.489 6.478 6.453 6.439 6.422 6.402
100-00+ 6.461 6.496 6.486 6.475 6.449 6.434 6.417 6.396
100-01 6.458 6.493 6.483 6.471 6.445 6.429 6.411 6.390
100-01+ 6.454 6.491 6.480 6.468 6.441 6.425 6.406 6.384
100-02 6.450 6.488 6.477 6.465 6.437 6.420 6.401 6.378
100-02+ 6.446 6.486 6.475 6.462 6.433 6.415 6.396 6.373
100-03 6.443 6.483 6.472 6.458 6.429 6.411 6.390 6.367
100-03+ 6.439 6.481 6.469 6.455 6.424 6.406 6.385 6.361
100-04 6.435 6.478 6.466 6.452 6.420 6.401 6.380 6.355
100-04+ 6.431 6.475 6.463 6.448 6.416 6.397 6.374 6.349
100-05 6.428 6.473 6.460 6.445 6.412 6.392 6.369 6.343
100-05+ 6.424 6.470 6.457 6.442 6.408 6.387 6.364 6.337
100-06 6.420 6.468 6.454 6.439 6.404 6.383 6.359 6.331
100-06+ 6.417 6.465 6.452 6.435 6.400 6.378 6.353 6.325
100-07 6.413 6.463 6.449 6.432 6.395 6.373 6.348 6.319
100-07+ 6.409 6.460 6.446 6.429 6.391 6.369 6.343 6.313
First Payment 3.789 5.372 4.706 4.206 3.039 2.872 2.622 2.456
Average Life 5.058 8.300 7.052 5.977 4.457 3.883 3.386 2.941
Last Payment 8.622 12.456 11.206 10.039 6.122 5.289 4.706 4.206
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 13
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
<TABLE>
<CAPTION>
CURRENT BALANCE: $16,000,000.00 DATED DATE: 06/01/98
COUPON: 6.875% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $16,000,000.00 BOND A5 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 7.074 7.062 7.067 7.073 7.063 7.046 7.018 6.973
99-24+ 7.072 7.060 7.065 7.071 7.061 7.043 7.015 6.970
99-25 7.070 7.059 7.064 7.069 7.059 7.041 7.012 6.966
99-25+ 7.068 7.057 7.062 7.067 7.056 7.038 7.010 6.963
99-26 7.066 7.055 7.060 7.065 7.054 7.036 7.007 6.959
99-26+ 7.064 7.054 7.058 7.063 7.052 7.033 7.004 6.956
99-27 7.062 7.052 7.056 7.061 7.050 7.031 7.001 6.952
99-27+ 7.060 7.050 7.055 7.060 7.048 7.028 6.998 6.949
99-28 7.058 7.049 7.053 7.058 7.046 7.026 6.995 6.946
99-28+ 7.056 7.047 7.051 7.056 7.043 7.023 6.992 6.942
99-29 7.054 7.045 7.049 7.054 7.041 7.021 6.989 6.939
99-29+ 7.052 7.044 7.048 7.052 7.039 7.018 6.987 6.935
99-30 7.050 7.042 7.046 7.050 7.037 7.016 6.984 6.932
99-30+ 7.049 7.040 7.044 7.048 7.035 7.014 6.981 6.928
99-31 7.047 7.039 7.042 7.047 7.032 7.011 6.978 6.925
99-31+ 7.045 7.037 7.041 7.045 7.030 7.009 6.975 6.921
100-00 7.043 7.035 7.039 7.043 7.028 7.006 6.972 6.918
100-00+ 7.041 7.034 7.037 7.041 7.026 7.004 6.969 6.915
100-01 7.039 7.032 7.035 7.039 7.024 7.001 6.967 6.911
100-01+ 7.037 7.030 7.034 7.037 7.022 6.999 6.964 6.908
100-02 7.035 7.029 7.032 7.035 7.019 6.996 6.961 6.904
100-02+ 7.033 7.027 7.030 7.034 7.017 6.994 6.958 6.901
100-03 7.031 7.025 7.028 7.032 7.015 6.991 6.955 6.897
100-03+ 7.029 7.024 7.027 7.030 7.013 6.989 6.952 6.894
100-04 7.027 7.022 7.025 7.028 7.011 6.986 6.949 6.890
100-04+ 7.025 7.020 7.023 7.026 7.009 6.984 6.946 6.887
100-05 7.023 7.019 7.021 7.024 7.006 6.981 6.944 6.884
100-05+ 7.021 7.017 7.020 7.022 7.004 6.979 6.941 6.880
100-06 7.019 7.015 7.018 7.021 7.002 6.977 6.938 6.877
100-06+ 7.017 7.014 7.016 7.019 7.000 6.974 6.935 6.873
100-07 7.015 7.012 7.014 7.017 6.998 6.972 6.932 6.870
100-07+ 7.013 7.010 7.013 7.015 6.995 6.969 6.929 6.866
First Payment 8.622 12.456 11.206 10.039 6.122 5.289 4.706 4.206
Average Life 12.091 15.935 14.522 13.261 10.514 8.923 7.342 5.769
Last Payment 17.539 22.539 20.706 19.039 16.206 15.039 14.122 13.206
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 14
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
<TABLE>
<CAPTION>
CURRENT BALANCE: $16,000,000.00 DATED DATE: 06/01/98
COUPON: 6.875% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $16,000,000.00 BOND A5 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.939 6.946 6.944 6.942 6.936 6.933 6.929 6.924
99-24+ 6.937 6.944 6.942 6.939 6.934 6.930 6.925 6.920
99-25 6.934 6.942 6.939 6.937 6.931 6.927 6.922 6.916
99-25+ 6.932 6.940 6.937 6.934 6.928 6.924 6.918 6.913
99-26 6.929 6.937 6.935 6.932 6.925 6.920 6.915 6.909
99-26+ 6.926 6.935 6.933 6.929 6.922 6.917 6.912 6.905
99-27 6.924 6.933 6.930 6.927 6.919 6.914 6.908 6.901
99-27+ 6.921 6.931 6.928 6.924 6.917 6.911 6.905 6.897
99-28 6.918 6.929 6.926 6.922 6.914 6.908 6.901 6.894
99-28+ 6.916 6.927 6.923 6.920 6.911 6.905 6.898 6.890
99-29 6.913 6.925 6.921 6.917 6.908 6.902 6.894 6.886
99-29+ 6.911 6.923 6.919 6.915 6.905 6.899 6.891 6.882
99-30 6.908 6.920 6.917 6.912 6.902 6.896 6.888 6.878
99-30+ 6.905 6.918 6.914 6.910 6.900 6.892 6.884 6.875
99-31 6.903 6.916 6.912 6.907 6.897 6.889 6.881 6.871
99-31+ 6.900 6.914 6.910 6.905 6.894 6.886 6.877 6.867
100-00 6.898 6.912 6.907 6.902 6.891 6.883 6.874 6.863
100-00+ 6.895 6.910 6.905 6.900 6.888 6.880 6.870 6.860
100-01 6.892 6.908 6.903 6.898 6.885 6.877 6.867 6.856
100-01+ 6.890 6.906 6.901 6.895 6.883 6.874 6.864 6.852
100-02 6.887 6.903 6.898 6.893 6.880 6.871 6.860 6.848
100-02+ 6.884 6.901 6.896 6.890 6.877 6.868 6.857 6.845
100-03 6.882 6.899 6.894 6.888 6.874 6.865 6.853 6.841
100-03+ 6.879 6.897 6.892 6.885 6.871 6.861 6.850 6.837
100-04 6.877 6.895 6.889 6.883 6.868 6.858 6.847 6.833
100-04+ 6.874 6.893 6.887 6.880 6.866 6.855 6.843 6.829
100-05 6.871 6.891 6.885 6.878 6.863 6.852 6.840 6.826
100-05+ 6.869 6.889 6.882 6.876 6.860 6.849 6.836 6.822
100-06 6.866 6.886 6.880 6.873 6.857 6.846 6.833 6.818
100-06+ 6.864 6.884 6.878 6.871 6.854 6.843 6.830 6.814
100-07 6.861 6.882 6.876 6.868 6.851 6.840 6.826 6.811
100-07+ 6.858 6.880 6.873 6.866 6.849 6.837 6.823 6.807
First Payment 7.956 10.622 9.622 8.706 6.122 5.289 4.706 4.206
Average Life 7.956 10.622 9.622 8.706 7.163 6.389 5.671 5.028
Last Payment 7.956 10.622 9.622 8.706 7.372 6.789 6.289 5.872
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 15
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
<TABLE>
<CAPTION>
CURRENT BALANCE: $35,000,000.00 DATED DATE: 06/01/98
COUPON: 6.420% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $35,000,000.00 BOND A6 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.473 6.474 6.473 6.473 6.473 6.473 6.473 6.473
99-24+ 6.470 6.471 6.470 6.470 6.470 6.470 6.470 6.470
99-25 6.467 6.468 6.468 6.467 6.467 6.467 6.467 6.467
99-25+ 6.464 6.465 6.465 6.464 6.464 6.464 6.464 6.464
99-26 6.461 6.462 6.462 6.461 6.461 6.461 6.461 6.461
99-26+ 6.458 6.459 6.459 6.458 6.458 6.458 6.458 6.458
99-27 6.455 6.457 6.456 6.455 6.455 6.455 6.455 6.455
99-27+ 6.452 6.454 6.453 6.452 6.452 6.452 6.452 6.452
99-28 6.449 6.451 6.450 6.449 6.449 6.449 6.449 6.449
99-28+ 6.446 6.448 6.447 6.447 6.446 6.446 6.446 6.446
99-29 6.443 6.445 6.444 6.444 6.443 6.443 6.443 6.443
99-29+ 6.440 6.442 6.441 6.441 6.440 6.440 6.440 6.440
99-30 6.437 6.439 6.438 6.438 6.437 6.437 6.437 6.437
99-30+ 6.434 6.437 6.435 6.435 6.434 6.434 6.434 6.435
99-31 6.431 6.434 6.433 6.432 6.431 6.431 6.431 6.432
99-31+ 6.428 6.431 6.430 6.429 6.428 6.428 6.428 6.429
100-00 6.425 6.428 6.427 6.426 6.425 6.425 6.425 6.426
100-00+ 6.422 6.425 6.424 6.423 6.422 6.422 6.422 6.423
100-01 6.419 6.422 6.421 6.420 6.419 6.419 6.419 6.420
100-01+ 6.416 6.419 6.418 6.417 6.416 6.416 6.416 6.417
100-02 6.414 6.416 6.415 6.414 6.413 6.413 6.413 6.414
100-02+ 6.411 6.414 6.412 6.411 6.410 6.410 6.410 6.411
100-03 6.408 6.411 6.409 6.408 6.407 6.407 6.407 6.408
100-03+ 6.405 6.408 6.406 6.405 6.404 6.404 6.404 6.405
100-04 6.402 6.405 6.404 6.402 6.401 6.401 6.401 6.402
100-04+ 6.399 6.402 6.401 6.400 6.398 6.398 6.398 6.399
100-05 6.396 6.399 6.398 6.397 6.395 6.395 6.395 6.396
100-05+ 6.393 6.396 6.395 6.394 6.392 6.392 6.392 6.393
100-06 6.390 6.394 6.392 6.391 6.389 6.389 6.390 6.390
100-06+ 6.387 6.391 6.389 6.388 6.386 6.386 6.387 6.387
100-07 6.384 6.388 6.386 6.385 6.383 6.383 6.384 6.384
100-07+ 6.381 6.385 6.383 6.382 6.380 6.380 6.381 6.382
First Payment 3.289 3.122 3.122 3.206 3.456 3.539 3.706 3.872
Average Life 6.743 7.049 6.910 6.811 6.704 6.693 6.718 6.785
Last Payment 17.372 22.289 20.539 18.872 16.039 14.539 13.956 13.039
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 16
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
<TABLE>
<CAPTION>
CURRENT BALANCE: $19,250,000.00 DATED DATE: 06/01/98
COUPON: 6.875% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $19,250,000.00 BOND M1F BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.929 6.937 6.935 6.932 6.927 6.924 6.923 6.921
99-24+ 6.926 6.935 6.932 6.929 6.923 6.921 6.919 6.917
99-25 6.922 6.932 6.929 6.925 6.919 6.917 6.915 6.913
99-25+ 6.919 6.929 6.926 6.922 6.916 6.913 6.911 6.909
99-26 6.915 6.926 6.923 6.919 6.912 6.909 6.907 6.905
99-26+ 6.912 6.924 6.920 6.916 6.909 6.906 6.903 6.901
99-27 6.909 6.921 6.917 6.913 6.905 6.902 6.899 6.897
99-27+ 6.905 6.918 6.914 6.909 6.902 6.898 6.895 6.893
99-28 6.902 6.915 6.911 6.906 6.898 6.895 6.892 6.889
99-28+ 6.898 6.913 6.908 6.903 6.894 6.891 6.888 6.885
99-29 6.895 6.910 6.905 6.900 6.891 6.887 6.884 6.881
99-29+ 6.892 6.907 6.902 6.897 6.887 6.883 6.880 6.877
99-30 6.888 6.904 6.899 6.893 6.884 6.880 6.876 6.873
99-30+ 6.885 6.901 6.896 6.890 6.880 6.876 6.872 6.869
99-31 6.881 6.899 6.893 6.887 6.877 6.872 6.868 6.865
99-31+ 6.878 6.896 6.890 6.884 6.873 6.868 6.865 6.861
100-00 6.875 6.893 6.887 6.881 6.869 6.865 6.861 6.857
100-00+ 6.871 6.890 6.884 6.877 6.866 6.861 6.857 6.853
100-01 6.868 6.888 6.881 6.874 6.862 6.857 6.853 6.849
100-01+ 6.865 6.885 6.878 6.871 6.859 6.853 6.849 6.845
100-02 6.861 6.882 6.875 6.868 6.855 6.850 6.845 6.841
100-02+ 6.858 6.879 6.872 6.865 6.852 6.846 6.841 6.838
100-03 6.854 6.877 6.869 6.861 6.848 6.842 6.837 6.834
100-03+ 6.851 6.874 6.866 6.858 6.844 6.839 6.834 6.830
100-04 6.848 6.871 6.863 6.855 6.841 6.835 6.830 6.826
100-04+ 6.844 6.868 6.860 6.852 6.837 6.831 6.826 6.822
100-05 6.841 6.866 6.857 6.849 6.834 6.827 6.822 6.818
100-05+ 6.837 6.863 6.854 6.846 6.830 6.824 6.818 6.814
100-06 6.834 6.860 6.851 6.842 6.827 6.820 6.814 6.810
100-06+ 6.831 6.857 6.848 6.839 6.823 6.816 6.810 6.806
100-07 6.827 6.855 6.845 6.836 6.819 6.812 6.807 6.802
100-07+ 6.824 6.852 6.842 6.833 6.816 6.809 6.803 6.798
First Payment 3.206 3.539 3.122 3.122 3.289 3.372 3.372 3.456
Average Life 5.971 7.838 7.088 6.469 5.569 5.250 5.003 4.814
Last Payment 14.122 18.206 16.539 15.122 13.039 12.122 11.206 10.456
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 17
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
<TABLE>
<CAPTION>
CURRENT BALANCE: $15,750,000.00 DATED DATE: 06/01/98
COUPON: 7.125% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $15,750,000.00 BOND M2F BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 7.182 7.191 7.188 7.185 7.179 7.176 7.174 7.172
99-24+ 7.178 7.188 7.185 7.182 7.175 7.173 7.170 7.168
99-25 7.175 7.186 7.182 7.178 7.172 7.169 7.166 7.164
99-25+ 7.172 7.183 7.179 7.175 7.168 7.165 7.162 7.159
99-26 7.168 7.180 7.176 7.172 7.164 7.161 7.158 7.155
99-26+ 7.165 7.177 7.173 7.169 7.161 7.157 7.154 7.151
99-27 7.161 7.174 7.170 7.165 7.157 7.153 7.150 7.147
99-27+ 7.158 7.172 7.167 7.162 7.153 7.150 7.146 7.143
99-28 7.154 7.169 7.164 7.159 7.150 7.146 7.142 7.139
99-28+ 7.151 7.166 7.161 7.156 7.146 7.142 7.138 7.135
99-29 7.147 7.163 7.158 7.152 7.143 7.138 7.134 7.130
99-29+ 7.144 7.160 7.155 7.149 7.139 7.134 7.130 7.126
99-30 7.140 7.157 7.152 7.146 7.135 7.130 7.126 7.122
99-30+ 7.137 7.155 7.149 7.143 7.132 7.127 7.122 7.118
99-31 7.134 7.152 7.146 7.139 7.128 7.123 7.118 7.114
99-31+ 7.130 7.149 7.143 7.136 7.124 7.119 7.114 7.110
100-00 7.127 7.146 7.140 7.133 7.121 7.115 7.110 7.106
100-00+ 7.123 7.143 7.137 7.130 7.117 7.111 7.106 7.101
100-01 7.120 7.141 7.134 7.127 7.113 7.107 7.102 7.097
100-01+ 7.116 7.138 7.131 7.123 7.110 7.104 7.098 7.093
100-02 7.113 7.135 7.128 7.120 7.106 7.100 7.094 7.089
100-02+ 7.109 7.132 7.125 7.117 7.102 7.096 7.090 7.085
100-03 7.106 7.129 7.122 7.114 7.099 7.092 7.086 7.081
100-03+ 7.102 7.127 7.119 7.110 7.095 7.088 7.082 7.077
100-04 7.099 7.124 7.116 7.107 7.091 7.084 7.078 7.072
100-04+ 7.096 7.121 7.112 7.104 7.088 7.081 7.074 7.068
100-05 7.092 7.118 7.109 7.101 7.084 7.077 7.070 7.064
100-05+ 7.089 7.115 7.106 7.097 7.081 7.073 7.066 7.060
100-06 7.085 7.113 7.103 7.094 7.077 7.069 7.062 7.056
100-06+ 7.082 7.110 7.100 7.091 7.073 7.065 7.058 7.052
100-07 7.078 7.107 7.097 7.088 7.070 7.061 7.054 7.048
100-07+ 7.075 7.104 7.094 7.084 7.066 7.058 7.050 7.043
First Payment 3.122 3.539 3.122 3.122 3.206 3.206 3.206 3.289
Average Life 5.879 7.736 7.004 6.386 5.464 5.124 4.849 4.625
Last Payment 12.789 16.456 14.872 13.872 11.789 10.956 10.122 9.456
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 18
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
<TABLE>
<CAPTION>
CURRENT BALANCE: $14,000,000.00 DATED DATE: 06/01/98
COUPON: 7.620% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $14,000,000.00 BOND B1F BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 7.682 7.694 7.690 7.686 7.679 7.675 7.672 7.669
99-24+ 7.679 7.691 7.687 7.683 7.675 7.671 7.668 7.665
99-25 7.675 7.688 7.683 7.679 7.671 7.667 7.664 7.661
99-25+ 7.671 7.685 7.680 7.676 7.667 7.663 7.659 7.656
99-26 7.668 7.682 7.677 7.672 7.663 7.659 7.655 7.652
99-26+ 7.664 7.679 7.674 7.669 7.659 7.655 7.651 7.647
99-27 7.660 7.676 7.671 7.666 7.656 7.651 7.647 7.643
99-27+ 7.657 7.673 7.668 7.662 7.652 7.647 7.643 7.638
99-28 7.653 7.670 7.664 7.659 7.648 7.643 7.638 7.634
99-28+ 7.650 7.667 7.661 7.655 7.644 7.639 7.634 7.630
99-29 7.646 7.664 7.658 7.652 7.640 7.635 7.630 7.625
99-29+ 7.642 7.661 7.655 7.649 7.636 7.631 7.626 7.621
99-30 7.639 7.658 7.652 7.645 7.633 7.627 7.621 7.616
99-30+ 7.635 7.655 7.649 7.642 7.629 7.623 7.617 7.612
99-31 7.632 7.652 7.645 7.638 7.625 7.619 7.613 7.608
99-31+ 7.628 7.650 7.642 7.635 7.621 7.615 7.609 7.603
100-00 7.624 7.647 7.639 7.632 7.617 7.611 7.604 7.599
100-00+ 7.621 7.644 7.636 7.628 7.613 7.607 7.600 7.594
100-01 7.617 7.641 7.633 7.625 7.610 7.603 7.596 7.590
100-01+ 7.613 7.638 7.630 7.621 7.606 7.599 7.592 7.586
100-02 7.610 7.635 7.627 7.618 7.602 7.595 7.588 7.581
100-02+ 7.606 7.632 7.623 7.615 7.598 7.590 7.583 7.577
100-03 7.603 7.629 7.620 7.611 7.594 7.586 7.579 7.572
100-03+ 7.599 7.626 7.617 7.608 7.590 7.582 7.575 7.568
100-04 7.595 7.623 7.614 7.604 7.587 7.578 7.571 7.564
100-04+ 7.592 7.620 7.611 7.601 7.583 7.574 7.566 7.559
100-05 7.588 7.617 7.608 7.598 7.579 7.570 7.562 7.555
100-05+ 7.585 7.614 7.604 7.594 7.575 7.566 7.558 7.550
100-06 7.581 7.612 7.601 7.591 7.571 7.562 7.554 7.546
100-06+ 7.577 7.609 7.598 7.588 7.567 7.558 7.550 7.542
100-07 7.574 7.606 7.595 7.584 7.564 7.554 7.545 7.537
100-07+ 7.570 7.603 7.592 7.581 7.560 7.550 7.541 7.533
First Payment 3.122 3.539 3.122 3.122 3.122 3.122 3.122 3.122
Average Life 5.592 7.403 6.684 6.085 5.187 4.854 4.575 4.347
Last Payment 10.956 14.289 13.039 11.872 10.039 9.289 8.622 8.039
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 19
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
<TABLE>
<CAPTION>
CURRENT BALANCE: $150,000,000.00 DATED DATE: 06/11/98
CURRENT COUPON: 5.688% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $150,000,000.00 BOND A7 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/11/98
ASSUMED CONSTANT LIBOR-1M 5.6484
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 13.0% 20.0% 33.0% 39.0% 45.0% 50.0% 55.0%
FIX (HEP) 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 32.436 18.549 25.472 38.428 44.467 50.572 55.825 61.382
99-24+ 30.656 17.638 24.128 36.273 41.934 47.656 52.581 57.789
99-25 28.876 16.727 22.784 34.118 39.401 44.741 49.337 54.198
99-25+ 27.097 15.817 21.440 31.964 36.868 41.827 46.094 50.607
99-26 25.318 14.907 20.097 29.810 34.337 38.913 42.851 47.017
99-26+ 23.539 13.997 18.754 27.656 31.806 36.000 39.610 43.427
99-27 21.761 13.087 17.411 25.503 29.275 33.087 36.369 39.839
99-27+ 19.983 12.177 16.069 23.351 26.745 30.176 33.128 36.251
99-28 18.205 11.268 14.726 21.199 24.215 27.265 29.889 32.665
99-28+ 16.428 10.359 13.385 19.047 21.686 24.354 26.650 29.079
99-29 14.652 9.450 12.043 16.896 19.158 21.445 23.412 25.494
99-29+ 12.875 8.541 10.702 14.746 16.630 18.536 20.175 21.909
99-30 11.099 7.632 9.361 12.595 14.103 15.627 16.939 18.326
99-30+ 9.324 6.724 8.020 10.446 11.577 12.719 13.703 14.743
99-31 7.549 5.816 6.680 8.297 9.050 9.812 10.468 11.161
99-31+ 5.774 4.908 5.340 6.148 6.525 6.906 7.234 7.580
100-00 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000
100-00+ 2.226 3.092 2.661 1.852 1.476 1.095 0.767 0.421
100-01 0.453 2.185 1.321 -0.295 -1.048 -1.810 -2.465 -3.158
100-01+ -1.320 1.278 -0.017 -2.442 -3.571 -4.713 -5.696 -6.736
100-02 -3.093 0.371 -1.356 -4.588 -6.094 -7.617 -8.927 -10.313
100-02+ -4.865 -0.536 -2.694 -6.734 -8.616 -10.519 -12.157 -13.889
100-03 -6.637 -1.442 -4.032 -8.879 -11.138 -13.421 -15.386 -17.464
100-03+ -8.409 -2.348 -5.370 -11.024 -13.659 -16.322 -18.614 -21.039
100-04 -10.180 -3.254 -6.707 -13.168 -16.179 -19.223 -21.842 -24.612
100-04+ -11.950 -4.160 -8.044 -15.312 -18.699 -22.123 -25.069 -28.185
100-05 -13.721 -5.066 -9.381 -17.455 -21.218 -25.022 -28.295 -31.757
100-05+ -15.491 -5.971 -10.717 -19.598 -23.737 -27.921 -31.521 -35.328
100-06 -17.260 -6.876 -12.053 -21.740 -26.255 -30.818 -34.745 -38.899
100-06+ -19.029 -7.781 -13.389 -23.882 -28.773 -33.716 -37.970 -42.468
100-07 -20.798 -8.686 -14.724 -26.024 -31.290 -36.612 -41.193 -46.037
100-07+ -22.566 -9.591 -16.060 -28.165 -33.806 -39.508 -44.415 -49.605
First Payment 0.122 0.122 0.122 0.122 0.122 0.122 0.122 0.122
Average Life 0.900 1.827 1.207 0.739 0.626 0.542 0.486 0.438
Last Payment 1.872 4.039 2.622 1.539 1.289 1.039 0.956 0.872
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 20
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
<TABLE>
<CAPTION>
CURRENT BALANCE: $376,500,000.00 DATED DATE: 06/11/98
CURRENT COUPON: 5.818% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $376,500,000.00 BOND A8 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/11/98
ASSUMED CONSTANT LIBOR-1M 5.6484
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 13.0% 20.0% 33.0% 39.0% 45.0% 50.0% 55.0%
FIX (HEP) 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 26.883 22.229 24.360 29.911 34.242 37.618 40.350 43.229
99-24+ 26.264 21.902 23.899 29.103 33.162 36.327 38.888 41.587
99-25 25.645 21.574 23.438 28.295 32.083 35.037 37.427 39.945
99-25+ 25.026 21.247 22.977 27.486 31.004 33.747 35.966 38.304
99-26 24.408 20.920 22.517 26.679 29.926 32.457 34.505 36.663
99-26+ 23.790 20.593 22.056 25.871 28.847 31.167 33.044 35.023
99-27 23.172 20.266 21.596 25.063 27.769 29.878 31.584 33.382
99-27+ 22.554 19.939 21.136 24.256 26.691 28.589 30.124 31.743
99-28 21.936 19.612 20.676 23.449 25.613 27.300 28.665 30.103
99-28+ 21.318 19.285 20.216 22.642 24.536 26.011 27.205 28.464
99-29 20.701 18.958 19.756 21.835 23.458 24.723 25.747 26.825
99-29+ 20.084 18.632 19.297 21.029 22.381 23.435 24.288 25.187
99-30 19.467 18.305 18.837 20.223 21.305 22.148 22.830 23.549
99-30+ 18.850 17.979 18.378 19.417 20.228 20.860 21.372 21.911
99-31 18.233 17.652 17.918 18.611 19.152 19.573 19.914 20.274
99-31+ 17.616 17.326 17.459 17.805 18.076 18.286 18.457 18.637
100-00 17.000 17.000 17.000 17.000 17.000 17.000 17.000 17.000
100-00+ 16.384 16.674 16.541 16.195 15.924 15.714 15.543 15.364
100-01 15.768 16.348 16.082 15.390 14.849 14.428 14.087 13.728
100-01+ 15.152 16.022 15.624 14.585 13.774 13.142 12.631 12.092
100-02 14.536 15.696 15.165 13.781 12.699 11.857 11.175 10.457
100-02+ 13.920 15.371 14.707 12.976 11.625 10.572 9.720 8.822
100-03 13.305 15.045 14.248 12.172 10.550 9.287 8.265 7.188
100-03+ 12.690 14.719 13.790 11.368 9.476 8.003 6.810 5.554
100-04 12.074 14.394 13.332 10.564 8.403 6.718 5.356 3.920
100-04+ 11.459 14.068 12.874 9.761 7.329 5.434 3.902 2.287
100-05 10.845 13.743 12.416 8.958 6.256 4.151 2.448 0.654
100-05+ 10.230 13.418 11.958 8.155 5.183 2.867 0.995 -0.979
100-06 9.615 13.093 11.501 7.352 4.110 1.584 -0.459 -2.611
100-06+ 9.001 12.768 11.043 6.549 3.037 0.301 -1.911 -4.243
100-07 8.387 12.443 10.586 5.746 1.965 -0.981 -3.364 -5.875
100-07+ 7.773 12.118 10.129 4.944 0.893 -2.263 -4.816 -7.506
First Payment 0.122 0.122 0.122 0.122 0.122 0.122 0.122 0.122
Average Life 2.847 6.149 4.011 2.108 1.524 1.259 1.105 0.979
Last Payment 7.122 14.872 9.789 5.622 4.622 2.622 2.289 2.039
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 21
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
<TABLE>
<CAPTION>
CURRENT BALANCE: $52,000,000.00 DATED DATE: 06/11/98
CURRENT COUPON: 5.978% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $52,000,000.00 BOND M1A DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/11/98
ASSUMED CONSTANT LIBOR-1M 5.6484
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 13.0% 20.0% 33.0% 39.0% 45.0% 50.0% 55.0%
FIX (HEP) 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 38.810 36.387 37.687 39.148 39.176 41.368 43.206 44.558
99-24+ 38.447 36.175 37.394 38.763 38.789 40.844 42.567 43.834
99-25 38.083 35.963 37.101 38.378 38.403 40.320 41.929 43.111
99-25+ 37.720 35.751 36.807 37.994 38.016 39.797 41.290 42.388
99-26 37.356 35.539 36.514 37.609 37.630 39.274 40.652 41.665
99-26+ 36.993 35.327 36.221 37.225 37.244 38.750 40.014 40.943
99-27 36.629 35.116 35.928 36.840 36.858 38.227 39.375 40.220
99-27+ 36.266 34.904 35.635 36.456 36.472 37.704 38.737 39.497
99-28 35.903 34.692 35.342 36.072 36.086 37.181 38.099 38.775
99-28+ 35.540 34.480 35.049 35.687 35.700 36.658 37.462 38.053
99-29 35.177 34.269 34.756 35.303 35.314 36.135 36.824 37.330
99-29+ 34.814 34.057 34.463 34.919 34.928 35.612 36.186 36.608
99-30 34.451 33.846 34.170 34.535 34.542 35.090 35.549 35.886
99-30+ 34.088 33.634 33.878 34.151 34.157 34.567 34.911 35.165
99-31 33.725 33.423 33.585 33.767 33.771 34.045 34.274 34.443
99-31+ 33.363 33.211 33.293 33.384 33.385 33.522 33.637 33.721
100-00 33.000 33.000 33.000 33.000 33.000 33.000 33.000 33.000
100-00+ 32.637 32.789 32.708 32.616 32.615 32.478 32.363 32.279
100-01 32.275 32.577 32.415 32.233 32.229 31.956 31.726 31.557
100-01+ 31.912 32.366 32.123 31.849 31.844 31.434 31.089 30.836
100-02 31.550 32.155 31.830 31.466 31.459 30.912 30.453 30.115
100-02+ 31.188 31.944 31.538 31.082 31.074 30.390 29.816 29.395
100-03 30.826 31.733 31.246 30.699 30.689 29.868 29.180 28.674
100-03+ 30.463 31.522 30.954 30.316 30.304 29.346 28.544 27.953
100-04 30.101 31.311 30.662 29.933 29.919 28.825 27.907 27.233
100-04+ 29.739 31.100 30.370 29.550 29.534 28.303 27.271 26.513
100-05 29.377 30.889 30.078 29.167 29.149 27.782 26.635 25.792
100-05+ 29.015 30.678 29.786 28.784 28.764 27.261 26.000 25.072
100-06 28.654 30.467 29.494 28.401 28.380 26.740 25.364 24.352
100-06+ 28.292 30.256 29.202 28.018 27.995 26.218 24.728 23.633
100-07 27.930 30.046 28.911 27.635 27.610 25.697 24.093 22.913
100-07+ 27.569 29.835 28.619 27.252 27.226 25.176 23.457 22.193
First Payment 3.456 4.872 3.122 3.789 4.289 2.622 2.289 2.039
Average Life 4.984 10.007 6.522 4.624 4.586 3.265 2.621 2.292
Last Payment 7.122 14.872 9.789 5.622 4.622 3.872 2.956 2.622
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 22
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
FINANCIAL STRATEGIES GROUP
- --------------------------
<TABLE>
<CAPTION>
CURRENT BALANCE: $39,000,000.00 DATED DATE: 06/11/98
CURRENT COUPON: 6.198% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $39,000,000.00 BOND M2A DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/11/98
ASSUMED CONSTANT LIBOR-1M 5.6484
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 13.0% 20.0% 33.0% 39.0% 45.0% 50.0% 55.0%
FIX (HEP) 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 60.950 58.424 59.723 61.662 61.908 62.203 63.413 64.955
99-24+ 60.578 58.209 59.427 61.245 61.475 61.752 62.886 64.332
99-25 60.206 57.995 59.131 60.829 61.043 61.301 62.360 63.709
99-25+ 59.833 57.781 58.836 60.412 60.611 60.851 61.834 63.086
99-26 59.461 57.567 58.540 59.995 60.179 60.400 61.307 62.464
99-26+ 59.089 57.352 58.245 59.578 59.747 59.950 60.781 61.841
99-27 58.717 57.138 57.950 59.162 59.315 59.499 60.255 61.219
99-27+ 58.345 56.924 57.655 58.745 58.883 59.049 59.729 60.596
99-28 57.973 56.710 57.359 58.329 58.451 58.599 59.204 59.974
99-28+ 57.601 56.496 57.064 57.912 58.020 58.149 58.678 59.352
99-29 57.229 56.283 56.769 57.496 57.588 57.699 58.152 58.730
99-29+ 56.858 56.069 56.474 57.080 57.157 57.249 57.627 58.108
99-30 56.486 55.855 56.179 56.664 56.725 56.799 57.101 57.486
99-30+ 56.114 55.641 55.884 56.248 56.294 56.349 56.576 56.865
99-31 55.743 55.427 55.589 55.832 55.862 55.899 56.050 56.243
99-31+ 55.371 55.214 55.295 55.416 55.431 55.450 55.525 55.621
100-00 55.000 55.000 55.000 55.000 55.000 55.000 55.000 55.000
100-00+ 54.629 54.786 54.705 54.584 54.569 54.550 54.475 54.379
100-01 54.257 54.573 54.411 54.169 54.138 54.101 53.950 53.758
100-01+ 53.886 54.359 54.116 53.753 53.707 53.652 53.425 53.136
100-02 53.515 54.146 53.822 53.337 53.276 53.202 52.900 52.515
100-02+ 53.144 53.932 53.527 52.922 52.845 52.753 52.376 51.895
100-03 52.773 53.719 53.233 52.507 52.415 52.304 51.851 51.274
100-03+ 52.402 53.506 52.939 52.091 51.984 51.855 51.327 50.653
100-04 52.032 53.292 52.644 51.676 51.553 51.406 50.802 50.033
100-04+ 51.661 53.079 52.350 51.261 51.123 50.957 50.278 49.412
100-05 51.290 52.866 52.056 50.846 50.692 50.508 49.754 48.792
100-05+ 50.920 52.653 51.762 50.431 50.262 50.060 49.230 48.172
100-06 50.549 52.440 51.468 50.016 49.832 49.611 48.705 47.551
100-06+ 50.179 52.227 51.174 49.601 49.402 49.162 48.182 46.931
100-07 49.808 52.014 50.880 49.186 48.971 48.714 47.658 46.312
100-07+ 49.438 51.801 50.586 48.771 48.541 48.265 47.134 45.692
First Payment 3.206 4.872 3.122 3.372 3.539 3.789 2.956 2.622
Average Life 4.889 10.007 6.522 4.249 4.060 3.869 3.249 2.697
Last Payment 7.122 14.872 9.789 5.622 4.622 3.872 3.289 2.706
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 23
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
FINANCIAL STRATEGIES GROUP
- --------------------------
<TABLE>
<CAPTION>
CURRENT BALANCE: $32,500,000.00 DATED DATE: 06/11/98
CURRENT COUPON: 6.798% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $32,500,000.00 BOND B1A DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/11/98
ASSUMED CONSTANT LIBOR-1M 5.6484
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 13.0% 20.0% 33.0% 39.0% 45.0% 50.0% 55.0%
FIX (HEP) 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 121.096 118.524 119.819 121.962 122.531 122.782 123.403 125.007
99-24+ 120.714 118.304 119.517 121.526 122.060 122.295 122.877 124.381
99-25 120.333 118.083 119.216 121.091 121.589 121.808 122.351 123.755
99-25+ 119.951 117.863 118.914 120.655 121.117 121.321 121.826 123.129
99-26 119.570 117.642 118.613 120.220 120.646 120.834 121.300 122.503
99-26+ 119.189 117.422 118.311 119.784 120.175 120.348 120.774 121.877
99-27 118.808 117.201 118.010 119.349 119.704 119.861 120.249 121.251
99-27+ 118.427 116.981 117.709 118.914 119.234 119.375 119.724 120.626
99-28 118.046 116.761 117.407 118.479 118.763 118.888 119.199 120.000
99-28+ 117.665 116.540 117.106 118.043 118.292 118.402 118.673 119.375
99-29 117.284 116.320 116.805 117.608 117.822 117.916 118.148 118.750
99-29+ 116.903 116.100 116.504 117.173 117.351 117.430 117.623 118.124
99-30 116.522 115.880 116.203 116.739 116.881 116.943 117.099 117.499
99-30+ 116.142 115.660 115.902 116.304 116.410 116.457 116.574 116.874
99-31 115.761 115.440 115.602 115.869 115.940 115.972 116.049 116.249
99-31+ 115.380 115.220 115.301 115.435 115.470 115.486 115.524 115.625
100-00 115.000 115.000 115.000 115.000 115.000 115.000 115.000 115.000
100-00+ 114.620 114.780 114.699 114.566 114.530 114.514 114.476 114.375
100-01 114.239 114.560 114.399 114.131 114.060 114.029 113.951 113.751
100-01+ 113.859 114.341 114.098 113.697 113.590 113.543 113.427 113.127
100-02 113.479 114.121 113.798 113.263 113.121 113.058 112.903 112.502
100-02+ 113.099 113.901 113.497 112.828 112.651 112.573 112.379 111.878
100-03 112.719 113.681 113.197 112.394 112.181 112.087 111.855 111.254
100-03+ 112.339 113.462 112.897 111.960 111.712 111.602 111.331 110.630
100-04 111.959 113.242 112.596 111.527 111.242 111.117 110.807 110.007
100-04+ 111.579 113.023 112.296 111.093 110.773 110.632 110.284 109.383
100-05 111.200 112.803 111.996 110.659 110.304 110.147 109.760 108.759
100-05+ 110.820 112.584 111.696 110.225 109.835 109.662 109.236 108.136
100-06 110.441 112.365 111.396 109.792 109.366 109.178 108.713 107.512
100-06+ 110.061 112.145 111.096 109.358 108.897 108.693 108.190 106.889
100-07 109.682 111.926 110.796 108.925 108.428 108.209 107.666 106.266
100-07+ 109.302 111.707 110.496 108.491 107.959 107.724 107.143 105.643
First Payment 3.122 4.872 3.122 3.206 3.206 3.289 3.289 2.706
Average Life 4.844 10.007 6.522 4.108 3.733 3.589 3.289 2.706
Last Payment 7.122 14.872 9.789 5.622 4.622 3.872 3.289 2.706
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 24
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
- --------------------------------------------------------------------------------
- AMRESCO
- Cut Off Date of Tape is 4/30/98
- *Fixed Rate Collateral Group (06/01/97 Scheduled Balance)
- $286,694,300.72
- Mortgage Summary Report
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 3,458
Lien Status: First and Second Lien Loans
Aggregate Unpaid Principal Balance: $286,694,300.72
Aggregate Original Principal Balance: $288,081,757.00
Weighted Average Gross Coupon: 9.913%
Gross Coupon Range: 5.900% - 18.375%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $82,907.55
Average Original Principal Balance: $83,308.78
Maximum Unpaid Principal Balance: $523,514.12
Minimum Unpaid Principal Balance: $9,846.07
Maximum Original Principal Balance: $525,000.00
Minimum Original Principal Balance: $10,000.00
Weighted Avg. Stated Rem. Term (LPD to Mat Date): 318.531
Stated Rem Term Range: 115.000 - 359.000
Weighted Average Age (Original Term - Rem Term): 5.004
Age Range: 1.000 - 31.000
Weighted Average Original Term: 323.535
Original Term Range: 120.000 - 360.000
Weighted Average Original LTV: 72.424
Original LTV Range: 5.410% - 90.000%
Weighted Average Combined LTV: 73.493
Combined LTV Range: 8.400% - 90.000%
- --------------------------------------------------------------------------------
*Includes 5/25 arms along with fixed rate loans.
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 25
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
5.50% < Gross Coupon <= 6.00% 1 372,392.63 0.13
6.00% < Gross Coupon <= 6.50% 9 2,075,770.32 0.72
6.50% < Gross Coupon <= 7.00% 13 2,131,253.93 0.74
7.00% < Gross Coupon <= 7.50% 29 5,142,983.33 1.79
7.50% < Gross Coupon <= 7.75% 80 8,993,380.11 3.14
7.75% < Gross Coupon <= 8.00% 75 7,934,528.35 2.77
8.00% < Gross Coupon <= 8.25% 125 12,291,187.76 4.29
8.25% < Gross Coupon <= 8.50% 163 17,286,685.43 6.03
8.50% < Gross Coupon <= 8.75% 138 14,320,676.08 5.00
8.75% < Gross Coupon <= 9.00% 280 27,467,109.10 9.58
9.00% < Gross Coupon <= 9.25% 120 12,423,799.45 4.33
9.25% < Gross Coupon <= 9.50% 235 22,261,704.25 7.76
9.50% < Gross Coupon <= 9.75% 178 15,456,748.05 5.39
9.75% < Gross Coupon <= 10.00% 304 28,432,693.38 9.92
10.00% < Gross Coupon <= 10.25% 129 10,911,071.84 3.81
10.25% < Gross Coupon <= 10.50% 203 15,749,417.81 5.49
10.50% < Gross Coupon <= 10.75% 154 11,818,947.28 4.12
10.75% < Gross Coupon <= 11.00% 225 15,740,410.64 5.49
11.00% < Gross Coupon <= 11.25% 92 6,170,360.05 2.15
11.25% < Gross Coupon <= 11.50% 117 7,406,730.30 2.58
11.50% < Gross Coupon <= 11.75% 114 7,478,022.39 2.61
11.75% < Gross Coupon <= 12.00% 135 7,968,203.25 2.78
12.00% < Gross Coupon <= 12.25% 64 3,418,558.98 1.19
12.25% < Gross Coupon <= 12.50% 70 4,055,952.11 1.41
12.50% < Gross Coupon <= 12.75% 91 4,266,651.04 1.49
12.75% < Gross Coupon <= 13.00% 122 6,075,591.79 2.12
13.00% < Gross Coupon <= 13.25% 20 1,007,081.28 0.35
13.25% < Gross Coupon <= 13.50% 44 1,929,188.11 0.67
13.50% < Gross Coupon <= 13.75% 19 1,205,215.69 0.42
13.75% < Gross Coupon <= 14.00% 34 1,663,978.19 0.58
14.00% < Gross Coupon <= 14.25% 14 812,260.81 0.28
14.25% < Gross Coupon <= 14.50% 18 683,448.19 0.24
14.50% < Gross Coupon <= 14.75% 12 392,874.69 0.14
14.75% < Gross Coupon <= 15.00% 18 731,950.92 0.26
15.00% < Gross Coupon <= 15.25% 4 151,663.08 0.05
15.25% < Gross Coupon <= 15.50% 2 39,092.15 0.01
15.75% < Gross Coupon <= 16.00% 2 94,202.97 0.03
16.00% < Gross Coupon <= 16.25% 1 13,663.58 0.00
16.25% < Gross Coupon <= 16.50% 1 19,105.46 0.01
16.50% < Gross Coupon <= 16.75% 1 25,472.53 0.01
17.25% < Gross Coupon <= 17.50% 1 237,834.01 0.08
18.00% < Gross Coupon <= 18.50% 1 36,439.41 0.01
- --------------------------------------------------------------------------------
Total.......... 3458 $286,694,300.72 100.00%
================================================================================
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
108 < Orig. Term <= 120 12 274,400.58 0.10%
168 < Orig. Term <= 180 810 51,075,278.53 17.82%
228 < Orig. Term <= 240 162 9,957,023.12 3.47%
348 < Orig. Term <= 360 2,474 225,387,598.49 78.62%
- ----------------------------------------------------------------
Total............ 3,458 $286,694,300.72 100.00%
================================================================
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 26
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
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 12 274,400.58 0.10%
156 < Rem Term <= 168 4 184,314.17 0.06%
168 < Rem Term <= 180 806 50,890,964.36 17.75%
228 < Rem Term <= 240 162 9,957,023.12 3.47%
324 < Rem Term <= 336 6 614,843.70 0.21%
336 < Rem Term <= 348 7 1,289,490.54 0.45%
348 < Rem Term <= 360 2,461 223,483,264.25 77.95%
- -------------------------------------------------------------------
Total............ 3,458 $286,694,300.72 100.00%
===================================================================
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
0 < Age <= 12 3,444 284,940,543.63 99.39%
12 < Age <= 24 8 1,138,913.39 0.40%
24 < Age <= 36 6 614,843.70 0.21%
- ------------------------------------------------------------------
Total............ 3,458 $286,694,300.72 100.00%
===================================================================
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 1 35,580.03 0.01
10.000 < CLTV <= 15.000 4 116,744.32 0.04
15.000 < CLTV <= 20.000 13 665,116.58 0.23
20.000 < CLTV <= 25.000 6 260,016.19 0.09
25.000 < CLTV <= 30.000 35 1,917,755.41 0.67
30.000 < CLTV <= 35.000 50 2,570,011.01 0.90
35.000 < CLTV <= 40.000 69 3,715,869.18 1.30
40.000 < CLTV <= 45.000 70 4,324,341.12 1.51
45.000 < CLTV <= 50.000 118 8,477,620.37 2.96
50.000 < CLTV <= 55.000 113 7,715,690.37 2.69
55.000 < CLTV <= 60.000 193 13,192,811.54 4.60
60.000 < CLTV <= 65.000 298 19,510,931.85 6.81
65.000 < CLTV <= 70.000 375 30,911,171.74 10.78
70.000 < CLTV <= 75.000 535 44,028,992.92 15.36
75.000 < CLTV <= 80.000 794 72,618,159.91 25.33
80.000 < CLTV <= 85.000 488 46,884,663.07 16.35
85.000 < CLTV <= 90.000 296 29,748,825.11 10.38
- --------------------------------------------------------------------------
Total.................... 3,458 $286,694,300.72 100.00%
==========================================================================
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 27
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Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
5,000 < Balance <= 10,000 1 9,846.07 0.00
10,000 < Balance <= 15,000 22 308,931.96 0.11
15,000 < Balance <= 20,000 76 1,433,259.44 0.50
20,000 < Balance <= 25,000 122 2,801,362.62 0.98
25,000 < Balance <= 30,000 180 5,034,633.65 1.76
30,000 < Balance <= 35,000 190 6,213,410.97 2.17
35,000 < Balance <= 40,000 191 7,209,522.16 2.51
40,000 < Balance <= 45,000 193 8,288,596.00 2.89
45,000 < Balance <= 50,000 205 9,767,812.31 3.41
50,000 < Balance <= 55,000 198 10,429,565.80 3.64
55,000 < Balance <= 60,000 180 10,400,875.34 3.63
60,000 < Balance <= 65,000 156 9,806,471.09 3.42
65,000 < Balance <= 70,000 151 10,233,613.67 3.57
70,000 < Balance <= 75,000 152 11,011,202.01 3.84
75,000 < Balance <= 80,000 132 10,235,133.06 3.57
80,000 < Balance <= 85,000 120 9,932,913.54 3.46
85,000 < Balance <= 90,000 110 9,642,299.80 3.36
90,000 < Balance <= 95,000 81 7,522,342.36 2.62
95,000 < Balance <= 100,000 92 8,987,013.58 3.13
100,000 < Balance <= 105,000 88 9,050,285.22 3.16
105,000 < Balance <= 110,000 64 6,852,377.77 2.39
110,000 < Balance <= 115,000 67 7,516,803.81 2.62
115,000 < Balance <= 120,000 64 7,544,585.50 2.63
120,000 < Balance <= 125,000 44 5,395,710.54 1.88
125,000 < Balance <= 130,000 55 7,013,607.98 2.45
130,000 < Balance <= 135,000 33 4,366,129.95 1.52
135,000 < Balance <= 140,000 55 7,576,106.38 2.64
140,000 < Balance <= 145,000 30 4,288,033.52 1.50
145,000 < Balance <= 150,000 48 7,088,557.22 2.47
150,000 < Balance <= 200,000 189 32,544,697.97 11.35
200,000 < Balance <= 250,000 74 16,360,722.51 5.71
250,000 < Balance <= 300,000 36 9,949,318.29 3.47
300,000 < Balance <= 350,000 29 9,449,660.68 3.30
350,000 < Balance <= 400,000 16 5,987,238.90 2.09
400,000 < Balance <= 450,000 7 2,974,218.05 1.04
450,000 < Balance <= 500,000 4 1,904,734.26 0.66
500,000 < Balance <= 550,000 3 1,562,706.74 0.55
- -------------------------------------------------------------------------
Total.................... 3458 $286,694,300.72 100.00%
=========================================================================
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 28
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
Alaska 8 1,215,707.05 0.42
Alabama 20 1,293,834.59 0.45
Arkansas 39 1,773,858.80 0.62
Arizona 75 4,934,694.76 1.72
California 686 78,297,679.46 27.31
Colorado 81 7,223,035.64 2.52
Connecticut 26 3,114,161.63 1.09
Dist of Col 17 1,438,848.40 0.50
Delaware 5 452,948.24 0.16
Florida 281 19,062,544.04 6.65
Georgia 144 10,334,166.29 3.60
Hawaii 89 16,136,531.10 5.63
Iowa 18 1,010,359.36 0.35
Idaho 34 3,014,107.24 1.05
Illinois 94 6,098,632.10 2.13
Indiana 39 2,106,527.33 0.73
Kansas 11 739,392.11 0.26
Kentucky 7 361,417.43 0.13
Louisiana 71 3,783,899.16 1.32
Massachsetts 26 2,735,306.42 0.95
Maryland 114 7,946,218.12 2.77
Maine 5 269,910.37 0.09
Michigan 104 6,007,956.76 2.10
Minnesota 56 3,821,571.97 1.33
Missouri 78 3,856,418.49 1.35
Mississippi 62 3,212,590.46 1.12
Montana 8 480,401.95 0.17
North Carolina 46 2,530,911.85 0.88
North Dakota 4 166,008.19 0.06
Nebraska 7 435,305.96 0.15
New Hampshire 4 310,120.39 0.11
New Jersey 65 5,905,369.78 2.06
New Mexico 37 2,823,407.43 0.98
Nevada 32 3,236,153.73 1.13
New York 132 13,675,889.03 4.77
Ohio 146 8,622,840.42 3.01
Oklahoma 53 2,681,199.01 0.94
Oregon 67 6,692,870.82 2.33
Pennsylvania 156 10,336,655.75 3.61
Rhode Island 17 1,503,538.98 0.52
South Carolina 30 1,426,291.27 0.50
South Dakota 3 146,145.43 0.05
Tennessee 53 3,663,956.15 1.28
Texas 207 14,380,118.06 5.02
Utah 65 5,861,514.38 2.04
Virginia 33 2,998,853.34 1.05
Vermont 2 144,024.08 0.05
Washington 71 6,730,462.60 2.35
Wisconsin 18 817,029.59 0.28
West Virgina 8 481,955.50 0.17
Wyoming 4 400,959.71 0.14
- --------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
==========================================================================
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 29
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 3018 249,143,745.94 86.90
Manufactured Housing 32 1,702,129.40 0.59
PUD 58 5,991,869.74 2.09
Townhouses 7 444,682.97 0.16
Condominiums 108 8,036,212.71 2.80
2-4 Family 235 21,375,659.96 7.46
- -----------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
=============================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 3068 260,043,853.74 90.70
Non Owner Occ. 390 26,650,446.98 9.30
- ------------------------------------------------------------------------------
Total.................. 3458 $286,694,300.72 100.00%
==============================================================================
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 3320 281,203,854.92 98.08
2 138 5,490,445.80 1.92
- --------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 3263 269,990,152.39 94.17
Partially Amortizing 195 16,704,148.33 5.83
- -----------------------------------------------------------------------------
Total.................. 3458 $286,694,300.72 100.00%
=============================================================================
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 30
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
LOAN SUMMARY STRATIFIED BY
PAG CODE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 672 63,092,499.23 22.01
2 1660 148,984,957.08 51.97
3 615 46,541,352.20 16.23
4 198 11,007,481.01 3.84
5 313 17,068,011.20 5.95
- --------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LOAN TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
10 yr fxd 12 274,400.58 0.10
15 yr fxd 615 34,371,130.20 11.99
20 yr fxd 162 9,957,023.12 3.47
30 due 15 fxd 195 16,704,148.33 5.83
30 yr fxd 2471 225,234,402.29 78.56
5/25 arm 3 153,196.20 0.05
- ------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
========================================================================
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 31
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
LOAN SUMMARY STRATIFIED BY
ORIGINATOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
ORIGINATOR Loans Balance Balance
ALPHA MORTGAGE 4 225,404.00 0.08
ALTERNATIVE LEN 6 608,006.08 0.21
AMERICREDIT COR 3 300,149.17 0.10
AMERIQUEST 1 117,062.82 0.04
AMERIQUEST MTG 713 62,698,398.07 21.87
AMRESCO 632 49,955,966.26 17.42
ANCHOR MORTGAGE 1 237,834.01 0.08
ARMOR INVESTMEN 1 19,883.12 0.01
BAN-COR INC 2 146,340.78 0.05
BANKERS WHOLESA 3 157,377.29 0.05
BIRMINGHAM BANC 2 128,315.94 0.04
BUDGET FINANCE 1 46,878.39 0.02
C & G FINANCIAL 1 137,192.65 0.05
CAPITAL SEEKERS 2 55,744.32 0.02
CHAMPION CREDIT 5 579,180.13 0.20
CHASE MORTGAGE 4 156,021.49 0.05
CONCORD FUNDING 4 260,822.41 0.09
CONSOLIDATED MO 1 70,478.91 0.02
CONTINENTAL FUN 10 1,043,626.34 0.36
CORNERSTONE MOR 1 163,829.30 0.06
DFS FINANCIAL 14 1,184,151.73 0.41
DOERING MORTGAG 1 39,161.63 0.01
DOW GUARANTEE C 1 68,545.24 0.02
EDGE MORTGAGE S 3 170,581.91 0.06
EMPIRE MORTGAGE 5 333,125.13 0.12
EQUITY SECURED 7 454,287.08 0.16
EVEREST MORTGAG 4 356,404.08 0.12
FIRST AMERICAN 2 99,939.66 0.03
FIRST COLONY 2 333,182.97 0.12
FIRST NATIONAL 1 101,535.34 0.04
FOREMOST MORTGA 1 335,935.59 0.12
FRANKLIN MORTGA 1 136,624.58 0.05
FRONTIER INVEST 1 43,369.73 0.02
GATEWAY FINANCI 3 527,218.11 0.18
HOME MORTGAGE, 29 2,504,647.98 0.87
LONG BEACH MTG 7 1,135,935.20 0.40
MAGNA FUNDING C 1 163,943.72 0.06
MARATHON CAPITA 1 31,509.29 0.01
MEGO MORTGAGE A 21 1,433,175.43 0.50
MLSG INCORPORAT 2 189,245.49 0.07
MONEY MORTGAGE 30 1,785,061.24 0.62
MORTGAGE PLUS O 1 26,637.59 0.01
NATIONAL MORTGA 38 3,799,049.05 1.33
NEW CENTURY 883 73,291,230.24 25.56
PAN AMERCIAN BA 40 3,675,976.26 1.28
PAN AMERICAN 63 5,180,245.42 1.81
PARKWAY 13 1,196,212.82 0.42
PARKWAY MORTGAG 241 19,355,856.65 6.75
PEAK FINANCIAL 1 75,977.77 0.03
PENDING BROKER 1 45,285.66 0.02
PINNACLE FINANC 1 29,960.52 0.01
SAN DIEGO HOME 6 1,238,075.02 0.43
SMC LENDING INC 1 31,122.12 0.01
STANDARD FINANC 16 2,067,830.30 0.72
THE MORTGAGE CO 1 44,816.37 0.02
TIME DEPOSITS I 5 284,189.12 0.10
TITLE WEST 19 2,019,365.00 0.70
TOWN AND COUNTR 3 282,224.85 0.10
TRINITY MORTGAG 2 61,290.56 0.02
UNITED LENDING 51 4,407,045.60 1.54
US MORTGAGE INC 1 16,205.39 0.01
WALL STREET MOR 2 173,805.35 0.06
WEYERHAEUSER MO 535 40,855,806.45 14.25
- --------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
==========================================================================
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 32
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
LOAN SUMMARY STRATIFIED BY PREPAYMENT PENALTY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
PREPAYMENT PENALTY Loans Balance Balance
No 1,099 $83,585,781.89 29.16
Yes 2,359 $203,108,518.83 70.84
- -----------------------------------------------------------------------
Total..... 3,458 $286,694,300.72 100.00%
=======================================================================
*************** ARMS INCLUDED IN FIXED GROUP ***************
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
02/01/03 2 $97,232.16 63.47
04/01/03 1 $55,964.04 36.53
- ------------------------------------------------------------------
Total........ 3 $153,196.20 100.00%
==================================================================
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
6.000 < Margin <= 6.500 1 44,485.23 29.04
6.500 < Margin <= 7.000 1 55,964.04 36.53
7.500 < Margin <= 8.000 1 52,746.93 34.43
- --------------------------------------------------------------------------
Total................. 3 $153,196.20 100.00%
==========================================================================
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
17.975 1 44,485.23 29.04
18.500 1 55,964.04 36.53
19.650 1 52,746.93 34.43
- -----------------------------------------------------------------------
Total................. 3 $ 153,196.20 100.00%
=======================================================================
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 33
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
LOAN SUMMARY STRATIFIED BY
LIFE FLOOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Life Floor Loans Balance Balance
10.975 1 44,485.23 29.04
11.500 1 55,964.04 36.53
12.650 1 52,746.93 34.43
- --------------------------------------------------------------------------
Total................. 3 $153,196.20 100.00%
==========================================================================
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 34
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
- --------------------------------------------------------------------------------
- AMRESCO
- Cut Off Date of Tape is 4/30/98
- Adjustable Rate Collateral (06/01/97 Scheduled Balance)
- $476,861,337.34
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 5,358
Lien Status: First Lien Loans
Index: 6 Month LIBOR
Aggregate Unpaid Principal Balance: $476,861,337.34
Aggregate Original Principal Balance: $478,909,876.00
- --------------------------------------------------------------------------------
Weighted Average Coupon (Gross): 9.837%
Gross Coupon Range: 6.259% - 16.500%
Weighted Average Margin (Gross): 5.698%
Gross Margin Range: 3.325% - 9.875%
Weighted Average Life Cap (Gross): 15.898%
Gross Life Cap Range: 12.259% - 23.130%
Weighted Average Life Floor (Gross): 9.813%
Gross Life Floor Range: 6.259% - 16.500%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $88,999.88
Average Original Principal Balance: $89,382.21
Maximum Unpaid Principal Balance: $724,125.24
Minimum Unpaid Principal Balance: $10,097.03
Maximum Original Principal Balance: $730,000.00
Minimum Original Principal Balance: $10,214.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 340.259
Stated Rem Term Range: 115.000 - 359.000
Weighted Average Age (First Pay thru Paid Thru): 5.721
Age Range: 1.000 - 30.000
Weighted Average Original Term: 345.980
Original Term Range: 120.000 - 360.000
Weighted Average Original LTV: 75.133
Original LTV Range: 9.000% - 90.000%
Weighted Average Periodic Interest Cap: 1.002%
Periodic Interest Cap Range: 1.000% - 1.500%
Weighted Average Months to Interest Roll: 6.284
Months to Interest Roll Range: 1 - 34
Weighted Average Interest Roll Frequency: 6.000
Interest Frequency Range: 6 - 6
Weighted Average Initial Interest Cap: 1.137
Initial Interest Cap Range: 1 - 3
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 35
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
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
6.00% < Gross Coupon <= 6.50% 2 205,235.44 0.04
6.50% < Gross Coupon <= 7.00% 68 6,841,704.57 1.43
7.00% < Gross Coupon <= 7.50% 106 11,986,214.91 2.51
7.50% < Gross Coupon <= 7.75% 41 5,349,425.42 1.12
7.75% < Gross Coupon <= 8.00% 185 21,907,839.46 4.59
8.00% < Gross Coupon <= 8.25% 69 9,569,223.71 2.01
8.25% < Gross Coupon <= 8.50% 189 20,866,371.22 4.38
8.50% < Gross Coupon <= 8.75% 137 15,854,768.19 3.32
8.75% < Gross Coupon <= 9.00% 321 35,486,611.79 7.44
9.00% < Gross Coupon <= 9.25% 121 12,595,615.30 2.64
9.25% < Gross Coupon <= 9.50% 240 22,062,135.32 4.63
9.50% < Gross Coupon <= 9.75% 320 34,692,602.98 7.28
9.75% < Gross Coupon <= 10.00% 1,023 94,581,067.43 19.83
10.00% < Gross Coupon <= 10.25% 341 29,848,776.59 6.26
10.25% < Gross Coupon <= 10.50% 828 65,126,571.83 13.66
10.50% < Gross Coupon <= 10.75% 166 12,826,595.11 2.69
10.75% < Gross Coupon <= 11.00% 469 32,872,703.50 6.89
11.00% < Gross Coupon <= 11.25% 60 4,953,395.09 1.04
11.25% < Gross Coupon <= 11.50% 146 9,356,088.15 1.96
11.50% < Gross Coupon <= 11.75% 56 3,329,600.92 0.70
11.75% < Gross Coupon <= 12.00% 147 9,094,517.61 1.91
12.00% < Gross Coupon <= 12.25% 22 1,161,512.63 0.24
12.25% < Gross Coupon <= 12.50% 63 3,594,180.74 0.75
12.50% < Gross Coupon <= 12.75% 64 3,540,958.55 0.74
12.75% < Gross Coupon <= 13.00% 69 3,699,390.41 0.78
13.00% < Gross Coupon <= 13.25% 15 737,390.84 0.15
13.25% < Gross Coupon <= 13.50% 19 1,132,424.10 0.24
13.50% < Gross Coupon <= 13.75% 12 453,272.27 0.10
13.75% < Gross Coupon <= 14.00% 25 1,233,145.40 0.26
14.00% < Gross Coupon <= 14.25% 2 136,835.91 0.03
14.25% < Gross Coupon <= 14.50% 14 827,960.79 0.17
14.50% < Gross Coupon <= 14.75% 2 94,119.31 0.02
14.75% < Gross Coupon <= 15.00% 8 424,081.29 0.09
15.25% < Gross Coupon <= 15.50% 4 181,037.87 0.04
15.50% < Gross Coupon <= 15.75% 1 59,353.77 0.01
16.00% < Gross Coupon <= 16.25% 2 121,644.87 0.03
16.25% < Gross Coupon <= 16.50% 1 56,964.05 0.01
- --------------------------------------------------------------------------------
Total.......... 5358 $476,861,337.34 100.00%
================================================================================
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 37,931.05 0.01%
168 < Orig. Term <= 180 493 23,884,668.30 5.01%
228 < Orig. Term <= 240 322 19,810,507.55 4.15%
348 < Orig. Term <= 360 4,542 433,128,230.44 90.83%
- ----------------------------------------------------------------
Total............ 5,358 $476,861,337.34 100.00%
================================================================
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 36
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
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 37,931.05 0.01%
168 < Rem Term <= 180 493 23,884,668.30 5.01%
228 < Rem Term <= 240 322 19,810,507.55 4.15%
324 < Rem Term <= 336 5 439,603.61 0.09%
336 < Rem Term <= 348 4 1,487,171.96 0.31%
348 < Rem Term <= 360 4,533 431,201,454.87 90.42%
- -------------------------------------------------------------------
Total............ 5,358 $476,861,337.34 100.00%
===================================================================
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
0 < Age <= 12 5,349 474,934,561.77 99.60%
12 < Age <= 24 5 1,572,699.94 0.33%
24 < Age <= 36 4 354,075.63 0.07%
- -------------------------------------------------------------------
Total............ 5,358 $476,861,337.34 100.00%
===================================================================
ORIGINAL LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
5.00 < LTV <= 10.00 3 65,879.79 0.01
10.00 < LTV <= 15.00 2 152,905.59 0.03
15.00 < LTV <= 20.00 6 207,377.93 0.04
20.00 < LTV <= 25.00 14 442,414.87 0.09
25.00 < LTV <= 30.00 18 713,728.48 0.15
30.00 < LTV <= 35.00 34 1,427,924.00 0.30
35.00 < LTV <= 40.00 46 2,192,657.64 0.46
40.00 < LTV <= 45.00 65 3,263,423.35 0.68
45.00 < LTV <= 50.00 76 4,450,139.10 0.93
50.00 < LTV <= 55.00 117 6,690,557.58 1.40
55.00 < LTV <= 60.00 308 18,748,038.32 3.93
60.00 < LTV <= 65.00 362 27,021,933.07 5.67
65.00 < LTV <= 70.00 641 48,943,169.29 10.26
70.00 < LTV <= 75.00 1198 104,455,474.79 21.90
75.00 < LTV <= 80.00 1862 190,619,342.96 39.97
80.00 < LTV <= 85.00 500 54,709,942.26 11.47
85.00 < LTV <= 90.00 106 12,756,428.32 2.68
- --------------------------------------------------------------------------
Total.................... 5358 $476,861,337.34 100.00%
==========================================================================
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 37
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
3.000 < Margin <= 3.500 5 415,912.52 0.09
3.500 < Margin <= 4.000 667 66,134,518.15 13.87
4.000 < Margin <= 4.500 613 54,955,223.80 11.52
4.500 < Margin <= 5.000 490 39,774,382.69 8.34
5.000 < Margin <= 5.500 338 30,992,964.38 6.50
5.500 < Margin <= 6.000 475 41,941,234.83 8.80
6.000 < Margin <= 6.500 525 45,439,983.30 9.53
6.500 < Margin <= 7.000 1,844 169,272,988.14 35.50
7.000 < Margin <= 7.500 328 23,083,204.86 4.84
7.500 < Margin <= 8.000 41 2,681,084.74 0.56
8.000 < Margin <= 8.500 15 1,159,367.59 0.24
8.500 < Margin <= 9.000 10 508,406.95 0.11
9.000 < Margin <= 9.500 5 349,176.66 0.07
9.500 < Margin <= 10.000 2 152,888.73 0.03
- --------------------------------------------------------------------------
Total................. 5,358 $476,861,337.34 100.00%
==========================================================================
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
12.000 < LIFE CAP <= 12.500 2 205,235.44 0.04
12.500 < LIFE CAP <= 13.000 70 7,198,888.08 1.51
13.000 < LIFE CAP <= 13.500 112 12,606,894.87 2.64
13.500 < LIFE CAP <= 14.000 234 27,825,273.44 5.84
14.000 < LIFE CAP <= 14.500 250 29,068,288.39 6.10
14.500 < LIFE CAP <= 15.000 429 46,057,217.67 9.66
15.000 < LIFE CAP <= 15.500 339 32,213,481.74 6.76
15.500 < LIFE CAP <= 16.000 1312 127,165,113.93 26.67
16.000 < LIFE CAP <= 16.500 1146 93,119,185.03 19.53
16.500 < LIFE CAP <= 17.000 636 47,782,852.94 10.02
17.000 < LIFE CAP <= 17.500 227 17,394,431.71 3.65
17.500 < LIFE CAP <= 18.000 233 15,671,037.48 3.29
18.000 < LIFE CAP <= 18.500 94 5,709,234.39 1.20
18.500 < LIFE CAP <= 19.000 135 7,485,838.16 1.57
19.000 < LIFE CAP <= 19.500 44 2,404,714.21 0.50
19.500 < LIFE CAP <= 20.000 45 2,234,296.24 0.47
20.000 < LIFE CAP <= 20.500 15 928,743.45 0.19
20.500 < LIFE CAP <= 21.000 15 743,351.77 0.16
21.000 < LIFE CAP <= 21.500 12 639,673.92 0.13
21.500 < LIFE CAP <= 22.000 5 228,975.56 0.05
22.000 < LIFE CAP <= 22.500 1 56,964.05 0.01
23.000 < LIFE CAP <= 23.500 2 121,644.87 0.03
- --------------------------------------------------------------------------
Total................. 5358 $476,861,337.34 100.00%
==========================================================================
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 38
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
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
6.000 < Life Floor <= 6.500 2 205,235.44 0.04
6.500 < Life Floor <= 7.000 71 7,408,006.58 1.55
7.000 < Life Floor <= 7.500 115 13,032,283.14 2.73
7.500 < Life Floor <= 8.000 236 28,032,529.95 5.88
8.000 < Life Floor <= 8.500 263 31,284,456.65 6.56
8.500 < Life Floor <= 9.000 471 52,366,456.68 10.98
9.000 < Life Floor <= 9.500 358 33,331,130.42 6.99
9.500 < Life Floor <= 10.000 1338 128,458,110.04 26.94
10.000 < Life Floor <= 10.500 1188 96,046,033.52 20.14
10.500 < Life Floor <= 11.000 623 45,076,477.96 9.45
11.000 < Life Floor <= 11.500 175 12,440,844.40 2.61
11.500 < Life Floor <= 12.000 197 11,818,197.92 2.48
12.000 < Life Floor <= 12.500 84 4,704,981.11 0.99
12.500 < Life Floor <= 13.000 133 7,240,348.96 1.52
13.000 < Life Floor <= 13.500 35 1,965,814.51 0.41
13.500 < Life Floor <= 14.000 37 1,686,417.67 0.35
14.000 < Life Floor <= 14.500 14 826,811.23 0.17
14.500 < Life Floor <= 15.000 10 518,200.60 0.11
15.000 < Life Floor <= 15.500 4 181,037.87 0.04
15.500 < Life Floor <= 16.000 1 59,353.77 0.01
16.000 < Life Floor <= 16.500 3 178,608.92 0.04
- --------------------------------------------------------------------------
Total................. 5358 $476,861,337.34 100.00%
==========================================================================
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
07/01/98 1779 $154,869,895.12 32.48
08/01/98 1 $134,128.23 00.03
09/01/98 3 $191,291.35 00.04
10/01/98 45 $3,457,854.77 00.73
11/01/98 1187 $101,432,201.36 21.27
12/01/98 1647 $140,743,705.81 29.51
04/01/99 1 $724,125.24 00.15
05/01/99 1 $596,660.15 00.13
07/01/99 2 $267,943.86 00.06
08/01/99 1 $111,661.04 00.02
09/01/99 6 $719,543.53 00.15
10/01/99 62 $6,853,218.52 01.44
11/01/99 123 $14,815,395.88 03.11
12/01/99 75 $7,949,260.70 01.67
01/01/00 120 $13,925,578.39 02.92
02/01/00 21 $1,700,868.03 00.36
03/01/00 11 $851,910.44 00.18
04/01/00 261 $25,437,409.09 05.33
05/01/00 1 $31,989.99 00.01
12/01/00 5 $947,660.31 00.20
01/01/01 3 $478,936.18 00.10
04/01/01 3 $620,099.35 00.13
- ------------------------------------------------------------------
Total........ 5358 $476,861,337.34 100.00%
==================================================================
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 39
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
ORIGINAL MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
10,000 < Balance <= 15,000 19 253,879.71 0.05
15,000 < Balance <= 20,000 67 1,241,503.53 0.26
20,000 < Balance <= 25,000 123 2,831,444.78 0.59
25,000 < Balance <= 30,000 201 5,607,832.66 1.18
30,000 < Balance <= 35,000 215 7,032,437.77 1.47
35,000 < Balance <= 40,000 258 9,709,090.34 2.04
40,000 < Balance <= 45,000 279 11,860,766.98 2.49
45,000 < Balance <= 50,000 252 11,957,861.33 2.51
50,000 < Balance <= 55,000 285 14,947,899.67 3.13
55,000 < Balance <= 60,000 317 18,206,902.06 3.82
60,000 < Balance <= 65,000 229 14,351,559.80 3.01
65,000 < Balance <= 70,000 236 15,875,138.11 3.33
70,000 < Balance <= 75,000 254 18,366,691.00 3.85
75,000 < Balance <= 80,000 220 17,050,999.50 3.58
80,000 < Balance <= 85,000 223 18,388,754.86 3.86
85,000 < Balance <= 90,000 188 16,478,196.21 3.46
90,000 < Balance <= 95,000 153 14,177,160.03 2.97
95,000 < Balance <= 100,000 214 20,818,375.61 4.37
100,000 < Balance <= 105,000 147 15,050,559.32 3.16
105,000 < Balance <= 110,000 123 13,237,620.30 2.78
110,000 < Balance <= 115,000 125 14,011,243.58 2.94
115,000 < Balance <= 120,000 131 15,396,652.24 3.23
120,000 < Balance <= 125,000 73 8,931,431.40 1.87
125,000 < Balance <= 130,000 87 11,076,691.24 2.32
130,000 < Balance <= 135,000 83 10,979,449.22 2.30
135,000 < Balance <= 140,000 92 12,628,212.27 2.65
140,000 < Balance <= 145,000 74 10,521,685.91 2.21
145,000 < Balance <= 150,000 57 8,387,304.71 1.76
150,000 < Balance <= 200,000 367 63,002,513.22 13.21
200,000 < Balance <= 250,000 129 28,934,396.64 6.07
250,000 < Balance <= 300,000 64 17,331,107.28 3.63
300,000 < Balance <= 350,000 29 9,422,886.65 1.98
350,000 < Balance <= 400,000 21 7,868,293.49 1.65
400,000 < Balance <= 450,000 11 4,748,874.86 1.00
450,000 < Balance <= 500,000 8 3,845,057.07 0.81
500,000 < Balance <= 550,000 2 1,010,078.60 0.21
550,000 < Balance <= 600,000 1 596,660.15 0.13
700,000 < Balance <= 750,000 1 724,125.24 0.15
- -----------------------------------------------------------------------------
Total.................... 5358 $476,861,337.34 100.00%
=============================================================================
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 40
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
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
10,000 < Balance <= 15,000 20 267,954.53 0.06
15,000 < Balance <= 20,000 67 1,247,146.65 0.26
20,000 < Balance <= 25,000 123 2,836,255.34 0.59
25,000 < Balance <= 30,000 203 5,673,136.17 1.19
30,000 < Balance <= 35,000 220 7,220,965.33 1.51
35,000 < Balance <= 40,000 254 9,590,107.83 2.01
40,000 < Balance <= 45,000 283 12,056,101.91 2.53
45,000 < Balance <= 50,000 251 11,951,959.13 2.51
50,000 < Balance <= 55,000 291 15,303,968.25 3.21
55,000 < Balance <= 60,000 312 17,965,691.55 3.77
60,000 < Balance <= 65,000 228 14,329,124.26 3.00
65,000 < Balance <= 70,000 238 16,060,333.29 3.37
70,000 < Balance <= 75,000 258 18,710,822.50 3.92
75,000 < Balance <= 80,000 210 16,317,982.23 3.42
80,000 < Balance <= 85,000 222 18,321,008.40 3.84
85,000 < Balance <= 90,000 189 16,575,052.94 3.48
90,000 < Balance <= 95,000 162 15,039,331.46 3.15
95,000 < Balance <= 100,000 205 19,984,276.43 4.19
100,000 < Balance <= 105,000 148 15,174,964.33 3.18
105,000 < Balance <= 110,000 123 13,257,224.30 2.78
110,000 < Balance <= 115,000 128 14,374,018.33 3.01
115,000 < Balance <= 120,000 128 15,073,167.58 3.16
120,000 < Balance <= 125,000 76 9,323,146.07 1.96
125,000 < Balance <= 130,000 86 10,985,323.44 2.30
130,000 < Balance <= 135,000 81 10,738,242.13 2.25
135,000 < Balance <= 140,000 95 13,066,472.19 2.74
140,000 < Balance <= 145,000 71 10,125,443.30 2.12
145,000 < Balance <= 150,000 57 8,407,375.32 1.76
150,000 < Balance <= 200,000 364 62,603,131.07 13.13
200,000 < Balance <= 250,000 129 28,977,325.68 6.08
250,000 < Balance <= 300,000 63 17,088,309.34 3.58
300,000 < Balance <= 350,000 31 10,119,122.90 2.12
350,000 < Balance <= 400,000 19 7,172,057.24 1.50
400,000 < Balance <= 450,000 11 4,748,874.86 1.00
450,000 < Balance <= 500,000 8 3,845,057.07 0.81
500,000 < Balance <= 550,000 2 1,010,078.60 0.21
550,000 < Balance <= 600,000 1 596,660.15 0.13
700,000 < Balance <= 750,000 1 724,125.24 0.15
- --------------------------------------------------------------------------
Total.................... 5358 $476,861,337.34 100.00%
==========================================================================
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 41
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
Alabama 83 4,939,131.01 1.04
Arkansas 14 814,864.38 0.17
Arizona 117 8,199,608.24 1.72
California 843 114,493,429.42 24.01
Colorado 184 18,475,761.20 3.87
Connecticut 57 7,231,668.35 1.52
Dist of Col 12 1,195,723.87 0.25
Delaware 36 2,817,941.87 0.59
Florida 393 29,161,605.58 6.12
Georgia 63 5,049,943.75 1.06
Hawaii 15 2,680,001.38 0.56
Iowa 42 1,935,894.19 0.41
Idaho 35 2,766,767.53 0.58
Illinois 320 28,631,071.18 6.00
Indiana 106 6,181,267.69 1.30
Kansas 40 1,998,054.43 0.42
Kentucky 36 1,880,706.40 0.39
Louisiana 23 1,283,245.54 0.27
Massachsetts 125 13,677,190.46 2.87
Maryland 85 7,626,306.21 1.60
Maine 11 639,131.37 0.13
Michigan 271 18,698,068.44 3.92
Minnesota 250 21,928,984.17 4.60
Missouri 157 9,493,197.07 1.99
Mississippi 18 1,094,888.39 0.23
Montana 2 73,758.66 0.02
North Carolina 91 6,478,276.30 1.36
North Dakota 1 34,382.69 0.01
Nebraska 9 524,526.33 0.11
New Hampshire 9 794,180.47 0.17
New Jersey 157 17,279,627.83 3.62
New Mexico 51 4,166,294.88 0.87
Nevada 34 3,230,807.78 0.68
New York 237 19,739,419.07 4.14
Ohio 271 17,694,351.76 3.71
Oklahoma 88 4,415,830.94 0.93
Oregon 130 12,531,305.21 2.63
Pennsylvania 286 18,234,926.80 3.82
Rhode Island 63 6,091,670.88 1.28
South Carolina 13 819,095.82 0.17
South Dakota 7 331,213.91 0.07
Tennessee 105 7,369,943.16 1.55
Texas 63 4,933,948.42 1.03
Utah 135 15,330,808.36 3.21
Virginia 15 1,788,670.47 0.38
Vermont 1 87,722.67 0.02
Washington 166 15,465,176.25 3.24
Wisconsin 57 4,483,805.48 0.94
West Virgina 11 705,604.06 0.15
Wyoming 20 1,361,537.02 0.29
- --------------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
==========================================================================
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 42
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 4672 418,688,788.13 87.80
Manufactured Housing 99 5,393,394.60 1.13
PUD 53 6,089,274.00 1.28
Townhouses 36 2,940,010.45 0.62
Condominiums 157 13,696,027.09 2.87
2-4 Family 341 30,053,843.07 6.30
- --------------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 4802 439,601,810.68 92.19
Non Owner Occ. 556 37,259,526.66 7.81
- ----------------------------------------------------------------------------
Total.................. 5358 $476,861,337.34 100.00%
============================================================================
LOAN SUMMARY STRATIFIED BY
PRODUCT TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
2/28 arm 689 74,389,681.97 15.60
3/27 arm 11 2,046,695.84 0.43
6 mo libor 4658 400,424,959.53 83.97
- --------------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
==========================================================================
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 5358 476,861,337.34 100.00
- --------------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
==========================================================================
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 43
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
LOAN SUMMARY STRATIFIED BY
PAG CODE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 1202 117,400,796.29 24.62
2 1871 173,990,886.57 36.49
3 1240 107,116,835.70 22.46
4 101 7,524,631.27 1.58
5 944 70,828,187.51 14.85
- -----------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
=======================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINATOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
ORIGINATOR Loans Balance Balance
ADMIRAL MORTGAG 1 154,912.03 0.03
ALTERNATIVE LEN 37 4,596,577.66 0.96
AMERICAN LENDIN 2 144,848.44 0.03
AMERICREDIT COR 7 894,010.79 0.19
AMERIQUEST MTG 4692 406,164,432.02 85.17
AMERISOUTH MORT 1 143,041.16 0.03
AMRESCO 285 27,334,596.63 5.73
BANKERS WHOLESA 1 137,467.77 0.03
BAYSHORE MORTGA 10 372,007.52 0.08
CHASE MORTGAGE 1 151,766.82 0.03
DOERING MORTGAG 2 85,247.65 0.02
EDGE MORTGAGE S 16 966,965.48 0.20
EQUITY SECURED 28 2,809,234.99 0.59
EVEREST MORTGAG 32 4,263,649.33 0.89
FEDERAL FUNDER 1 56,725.82 0.01
FIRST AMERICAN 1 94,796.52 0.02
GATEWAY FINANCI 2 272,066.20 0.06
GREAT NORTHERN 2 150,473.16 0.03
HERNANDEZ INVES 1 99,235.91 0.02
HOME MORTGAGE, 2 114,694.16 0.02
LONG BEACH MTG 7 1,760,389.00 0.37
MEGO MORTGAGE A 4 301,899.76 0.06
MINNESOTA FUNDI 1 88,296.41 0.02
MLSG INCORPORAT 6 892,692.59 0.19
MONEY MORTGAGE 1 124,893.06 0.03
MORTGAGE PLUS O 4 295,990.13 0.06
NATIONAL MORTGA 124 14,850,509.38 3.11
OAKMONT MORTGAG 11 1,590,604.89 0.33
PARAGON LENDING 1 53,182.14 0.01
PARKWAY MORTGAG 56 5,986,132.34 1.26
PENDING BROKER 2 128,360.52 0.03
QUALITY 2 166,386.57 0.03
STANDARD FINANC 11 1,263,103.30 0.26
T C R M ADVISOR 1 94,064.89 0.02
WEYERHAEUSER MO 3 258,082.30 0.05
- --------------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
==========================================================================
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 44
<PAGE>
Deutsche Morgan Grenfell@
- --------------------------------------------------------------------------------
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
LOAN SUMMARY STRATIFIED BY PREPAYMENT PENALTY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
PREPAYMENT PENALTY Loans Balance Balance
No 2,318 $213,580,604.07 44.79
Yes 3,040 $263,280,733.27 55.21
- ----------------------------------------------------------------------
Total..... 5,358 $476,861,337.34 100.00%
======================================================================
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 5358 476,861,337.34 100.00
- --------------------------------------------------------------------------
Total.................. 5358 $476,861,337.34 100.00%
==========================================================================
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Page 45
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
$ [1,000,000,000]
AMRESCO 1998-2
---------------------------------------------
$[116,000,000] Class A-1 Fixed-Rate Certificates - [TBD%]
$ [61,000,000] Class A-2 Fixed-Rate Certificates - [TBD%]
$ [36,000,000] Class A-3 Fixed-Rate Certificates - [TBD%]
$ [37,000,000] Class A-4 Fixed-Rate Certificates - [TBD%]
$ [16,000,000] Class A-5 Fixed-Rate Certificates - [TBD%]
$ [35,000,000] Class A-6 Fixed-Rate Certificates - [TBD%]
$[150,000,000] Class A-7 Adjustable-Rate Certificates - [TBD + 1M LIBOR]
$[376,500,000] Class A-8 Adjustable-Rate Certificates - [TBD + 1M LIBOR]
$ [19,250,000] Class M-1F Fixed-Rate Certificates - [TBD%]
$ [52,000,000] Class M-1A Adjustable-Rate Certificates - [TBD + 1M LIBOR]
$ [15,750,000] Class M-2F Fixed-Rate Certificates - [TBD%]
$ [39,000,000] Class M-2A Adjustable-Rate Certificates - [TBD + 1M LIBOR]
$ [14,000,000] Class B-1F Fixed-Rate Certificates - [TBD%]
$ [32,500,000] Class B-1A Adjustable-Rate Certificates - [TBD + 1M LIBOR]
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
ALL CERTIFICATES
----------------
Title of Securities: AMRESCO Residential Securities Corporation Mortgage
Loan Trust 1998-2
Fixed-Rate
Certificates: Class A-1 through Class A-6 (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")
Adjustable-Rate
Certificates: Class A-7 and Class A-8 (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") The Adjustable-Rate
Certificates and Fixed-Rate Certificates being
collectively referred to as the "Certificates".
Collateral: Fixed and adjustable rate home equity mortgage loans,
respectively referred to as the "Fixed-Rate Loans" and
the "Adjustable-Rate Loans," together, referred to as
the "Mortgage Loans".
Depositor: AMRESCO Residential Securities Corporation
Seller: AMRESCO Residential Capital Markets, Inc.
Master Servicer: AMRESCO Residential Capital Markets, Inc.
Servicers: Ameriquest Mortgage Company, Wendover Financial
Services 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.
Servicing Fee: [50] bps per annum
Trustee: Norwest Bank Minnesota, N.A.
Pricing Date: [May 28, 1998]
Settlement Date: [June 11, 1998]
Certificate Ratings:
<TABLE>
<CAPTION>
---------Fixed-Rate Certificates--------- ---------Adjustable-Rate Certificates---------
Moody's Fitch [Duff] Moody's Fitch [Duff]
------ ------ ----- ------- ------ ------
<S> <C> <C> <C> <C> <C> <C>
Class A Aaa AAA [AAA] Aaa AAA [AAA]
Class M-1 Aa2 AA [AA] Aa2 AA [AA]
Class M-2 A2 A [A] A2 A [A]
Class B Baa3 BBB [BBB] Baa3 BBB- [BBB]
</TABLE>
10% Auction Call: The Trustee shall solicit bids for the purchase of
mortgage loans remaining in a Mortgage Loan Group when
the outstanding Certificate Balance of the related
group equals 10% or less of the original principal
balance of the Certificates in the related group. This
call can be exercised at no less than par plus accrued
interest. If the auction is not successful, the
Servicers will have the right to purchase the Mortgage
Loans in a Mortgage Loan Group when the outstanding
Certificate Balance of the related group has declined
to 5% of original, again, at no less than par plus
accrued interest.
Note: the Fixed-Rate and Adjustable-Rate Certificates
each has it own separate Auction Call.
ERISA Consideration: The Fixed-Rate Senior Certificates and the
Adjustable-Rate Senior Certificates will be ERISA
eligible. However, investors should consult with their
counsel with respect to the consequences under ERISA
and the Internal Revenue Code of the Plan's acquisition
and ownership of such Certificates.
SMMEA Considerations: Only the Class A-7, Class A-8 and Class M-1A
Certificates will be SMMEA eligible. The remaining
Offered Certificates will NOT be SMMEA eligible.
Taxation: REMIC elections.
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 consummated unless the purchaser has received
the Prospectus.
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
ALL CERTIFICATES (Cont.)
------------------------
Initial Class Sizes: Fixed-Rate Certificates Adjustable-Rate Certificates
-------- --------
Class A - [86.00%] Class A - [81.00%]
Class M-1 - [5.50%] Class M-1 - [8.00%]
Class M-2 - [4.50%] Class M-2 - [6.00%]
Class B - [4.00%] Class B - [5.00%]
O/C - [0 to 1.75%] O/C - [0 to 2.40%]
Subordinate IO: The Certificates will include separate Subordinate IO
strips off of the Fixed-Rate Loan group and the
Adjustable-Rate Loan group which are not offered
hereby. The Fixed-Rate Loan group Subordinate IO pays a
15% coupon for the first 24 months based on its
notional principal balance (defined as the sum of the
Class M-1F outstanding principal balance and the Class
M-2F outstanding principal balance). The Adjustable-
Rate Loan group Subordinate IO pays a 7.5% coupon for
the first 24 months based on its notional principal
balance ([defined as (i) for the first month, the Class
B-1A outstanding principal balance and (ii) for months
2 through 24, the sum of the Class M-2A outstanding
principal balance and the Class B-1A outstanding
principal balance]).
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
Overcollateralization
Targets: 1. Before the Stepdown Date, overcollateralization
builds to [1.75%] and [2.40%] of the original loan
balance of the Fixed-Rate and Adjustable-Rate Loan
groups, respectively.
2. On and after the Stepdown Date,
overcollateralization is maintained at [3.50%] and
[4.80%] of the outstanding loan balance of the
Fixed-Rate and Adjustable-Rate Loan groups,
respectively (subject to performance triggers).
3. The overcollateralization amount is subject to a
floor of [0.50%] of the original loan balance for
both loan groups.
Interest Cashflow
Priority: Interest Collections (net of Servicing) will generally
be allocated in the following priority:
Fixed Rate Cashflows
1. Trustee fee
2. Class A-1-through Class A-6 current interest plus
unpaid interest shortfalls
3. M-1F current interest
4. M-2F current interest
5. B-1F current interest
6. Fixed-Rate Subordinate IO current interest
7. Build fixed-rate overcollateralization to the target
level
8. Unpaid interest shortfalls and reimbursements of
principal writedowns on Class M-1F, Class M-2F and
Class B-1F.
9. To the Adjustable-Rate Loan group in the order of
items 7 and 8, if necessary
Floating Rate Cashflows
1. Trustee Fee
2. Class A-7 and Class A-8 current interest plus unpaid
interest shortfalls
3. M-1A current interest
4. M-2A current interest
5. B-1A current interest
6. Adjustable-Rate Subordinate IO current interest
7. Build adjustable-rate overcollateralization to the
target level
8. Unpaid interest shortfalls and reimbursements of
principal writedowns on Class M-1A, Class M-2A and
Class B-1A
9. To the Fixed-Rate Loan group in the order of items 7
and 8, if necessary
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
ALL CERTIFICATES (Cont.)
------------------------
Principal Cashflow
Priority: Collections of Principal before the Stepdown Date, or
if a Trigger Event exists, will be allocated in the
following priority:
Fixed-Rate Cashflows
1. Pay A-6 according to the following Lockout
Percentage:
July 1998 - June 2001 0%
July 2001 - June 2003 45%
July 2003 - June 2004 80%
July 2004 - June 2005 100%
July 2005 and thereafter 300%
2. Pay Classes A-1 through A-6 sequentially
3. Pay Classes M-1F, M-2F and B-1F sequentially
Floating-Rate Cashflows
1. Until the Class A-7 Certificate balance is
reduced to zero, collections of principal with
respect to the Adjustable-Rate Loan group will be
distributed to the Class A-7 and Class A-8
Certificates as follows; (i) 50% to the Class A-7
Certificates and (ii) 50% to the Class A-8
Certificates.
2. After the Class A-7 Certificate balance is
reduced to zero, all collections of principal
with respect to the Adjustable-Rate Loan group
will be distributed to the Class A-8 Certificates
until the Class A-8 Certificate balance is
reduced to zero.
3. Pay Classes M-1A, M-2A and B-1A sequentially.
Collections of Principal on and after the Stepdown
date, (assuming no Trigger Event is in effect) will be
allocated in the following priority:
Fixed Rate-Cashflows
Pay Fixed-Rate Class A, Class M-1F, Class M-2F, and
Class B-1F concurrently in accordance with
enhancement targets, equal to 2.0 times the initial
enhancement for each class:
Targeted % Targeted Credit
of Pool Enhancement
Class A [68.5%] [31.5%]
Class M-1F [11.0] [20.5]
Class M-2F [9.0] [11.5]
Class B-1F [8.0] [3.5]
Overcollateralization [3.5]
Floating-Rate Cashflows
Pay Class A-7 and Class A-8 (according to Class A-7
and Class A-8 distribution percentages described
above), M-1A, M-2A, and B-1A concurrently in
accordance with enhancement targets equal to 2.0
times the initial enhancement for each class:
Targeted % Targeted Credit
of Pool Enhancement
Class A [57.2%] [42.8%]
Class M-1A [16.0%] [26.8%]
Class M-2A [12.0%] [14.8%]
Class B-1A [10.0%] [4.8%]
Overcollateralization [4.8%]
Fixed-Rate Certificates Senior Specified Enhancement Percentage: [31.50%]
Adjustable-Rate Certificates Senior Specified Enhancement Percentage: [42.80%]
Stepdown Date: With respect to a loan group, the later of: (x) the
37th Payment Date (July 2001) and (y) the first payment
date on which the Senior Enhancemnent Percentage is
greater than or equal to the related the Senior
Specified Enhancement Percentage.
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
ALL CERTIFICATES (Cont.)
------------------------
Trigger Event: Occurs with respect to a loan group when 60+ day
delinquency percentage is greater than (x) 50% of the
senior enhancement percentage for the Fixed-Rate Loan
group or (y) 40% of the senior enhancement percentage
for the Adjustable-Rate Loan group.
Subordinate Trigger
Event: Occurs with respect to a loan group if both:
I. Realized losses exceed: Fixed ARMs
July 1998 - June 2000 [1.26%] [1.75%]
July 2000 - June 2001 [1.50%] [2.10%]
July 2001 - June 2002 [2.60%] [3.50%]
July 2002 - June 2003 [3.30%] [4.40%]
July 2003 - June 2004 [3.50%] [4.80%]
July 2004 - June 2005 [3.50%] [5.20%]
July 2005 - June 2006 [3.50%] [5.60%]
II. 60+ day delinquencies exceed:
July 2000 - June 2002 [4.00%] [4.00%]
July 2002 - June 2004 [5.50%] [5.50%]
July 2004 - June 2006 [8.00%] [8.00%]
If a Subordinate Trigger Event occurs,
overcollateralization is not released and the excess
cashflow attributable is paid to the related
subordinated classes in reverse order of seniority.
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
- --------------------------------------------------------------------------------
FIXED-RATE CERTIFICATES
Collateral: Fixed-Rate, First and Second Lien Mortgage Loans.
Approximate Group Size: [350,000,000]
<TABLE>
<CAPTION>
Class A-1 Class A-2 Class A-3 Class A-4 Class A-5** Class A-6
--------- --------- --------- --------- --------- --------
<S> <C> <C> <C> <C> <C> <C>
Approximate Face Amount: [ 116,000,000 61,000,000 36,000,000 37,000,000 16,000,000 35,000,000 ]
Avg Life to 10% Call Date: [ 0.8 years 2.0 years 3.0 years 5.1 years 8.0 years 6.5 years ]
Avg. Life to Maturity (app.) [ 0.8 years 2.0 years 3.0 years 5.1 years 12.1 years 6.7 years ]
Pass-Through Rate: [ TBD TBD TBD TBD TBD* TBD ]%
Price [ TBD TBD TBD TBD TBD TBD ]
Spread: Pricing Speed: [ 24 HEP 24 HEP 24 HEP 24 HEP 24 HEP 24 HEP ]
Yield to maturity (CBE): [ TBD TBD TBD TBD TBD TBD ]%
Day Count: [ 30/360 30/360 30/360 30/360 30/360 30/360 ]
Expected Maturity To Call: [ 12/25/99 12/25/00 03/25/02 05/25/06 05/25/06 05/25/06 ]
(at pricing speed)
Expected Maturity: [ 12/25/99 12/25/00 03/25/02 01/25/07 12/25/15 10/25/15 ]
(at pricing speed)
Stated Maturity: [ 12/25/15 05/25/22 02/25/25 04/25/27 03/25/28 12/25/27 ]
</TABLE>
Class M-1F Class M-2F Class B-1F
-------- ---------- ----------
Approximate Face Amount: [ 19,250,000 15,750,000 14,000,000 ]
Avg Life to 10% Call Date: [ 5.4 years 5.4 years 5.4 years ]
Avg. Life to Maturity (app.) [ 6.0 years 5.9 years 5.6 years ]
Pass-Through Rate: [ TBD* TBD* TBD* ]%
Price: [ TBD TBD TBD ]
Spread: [ TBD TBD TBD ]%
Pricing Speed [ 24 HEP 24 HEP 24 HEP ]
Yield to Maturity (CBE): [ TBD TBD TBD ]%
Day Count: [ 30/360 30/360 30/360 ]
Expected Maturity To Call: [ 05/25/06 05/25/06 05/25/06 ]
(at pricing speed)
Expected Maturity: [ 07/25/12 03/25/11 05/25/09 ]
(at pricing speed)
Stated Maturity: [ 03/25/28 03/25/28 03/25/28 ]
* [Pass-through rate may be subject to the Fixed-Rate Available Funds Cap]
** If an Auction Sale is not successful the coupon on the A-5 Class will
increase by 50%.
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
FIXED-RATE CERTIFICATES (Cont.)
Fixed-Rate
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 Fixed-Rate
Loans for such Payment Date.
Pre-Funding Account: On the closing date, approximately [$52.5] million will
be deposited in a pre-funding account for the purchase
of additional fixed rate mortgage loans. From the
closing date until [August],1998, 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 with respect
to the Fixed-Rate loan group will be distributed
sequentially to the Class A-1, A-2, A-3, A-4, A-5 and
A-6 Certificateholders as prepayments based on the cash
flow priority on the [September 25], 1998 Payment Date.
Payment Date: The 25th day of each month or, if such day is not a
business day, the next succeeding business day,
beginning on [July 25], 1998.
Payment Delay: 24 days for the Fixed-Rate Certificates.
Coupon Step-Up at
10% Auction Call: If an Auction Sale is not successful the coupon on the
A-5 Class will increase by .50%.
Interest Accrual
Period: For the Fixed-Rate Certificates, interest will accrue
from the 1st day of the preceding month until the 30th
day of the preceding month.
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1998-2 Offered Certificates
- --------------------------------------------------------------------------------
ADJUSTABLE-RATE CERTIFICATES
Collateral: Adjustable-Rate, First Lien Mortgage Loans.
Approximate Group Size: [$650,000,000]
<TABLE>
<CAPTION>
Class A-7 Class A-8 Class M-1A Class M-2A Class B-1A
--------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C>
Approximate Face Amount: [ 150,000,000 376,500,000 52,000,000 39,000,000 32,500,000 ]
Avg Life to 10% Auction Call [ 0.9 years 2.8 years 5.0 years 4.9 years 4.8 years ]
Avg. Life to Maturity (app.) [ 0.9 years 3.1 years 5.5 years 5.4 years 5.1 years ]
Pass-Through Rate:* [ TBD TBD TBD TBD TBD ]%
Price [ TBD TBD TBD TBD TBD ]
Pricing Speed [ 27 CPR 27 CPR 27 CPR 27 CPR 27 CPR ]
Day Count: [ ACT/360 ACT/360 ACT/360 ACT/360 ACT/360 ]
Expected Maturity To Call: [ 04/25/00 07/25/05 07/25/05 07/25/05 07/25/05 ]
(at pricing speed)
Expected Maturity: [ 04/25/00 08/25/14 02/25/12 10/25/10 12/25/08 ]
(at pricing speed)
[ 06/25/20 06/25/28 06/25/28 06/25/28 06/25/28 ]
</TABLE>
Stated Maturity:
* Pass-through rate for the Adjustable-Rate Certificates is subject to the
Adjustable-Rate Available Funds Cap with shortfall reimbursement.
** For Class A-8, 1M LIBOR + 2 x Spread; and for Classes 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 Adjustable-Rate Available Funds Cap.
Adjustable-Rate
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 Adjustable-Rate
Loans for such Payment Date.
Pre-Funding Account: On the closing date, approximately [$97.5 million] will
be deposited in a pre-funding account for the purchase
of additional adjustable rate mortgage loans. From the
closing date until [August], 1998, 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-7 and Class A-8
Certificateholders as prepayments on the [September
25], 1998 Payment Date.
Coupon Step-Up at 10%
Auction Call: If the Auction Sale is not successful, the coupon on
the Class A-8 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 Adjustable-Rate Available Funds Cap.
Payment Date: The 25th day of each month or, if such day is not a
business day, the next succeeding business day,
beginning on [July 25], 1998.
Interest Accrual Period: Interest will accrue from the 25th day of the preceding
month ([June 11], for the first accrual period) until
the 24th day of the current month (from Payment Date to
Payment Date).
Interest and Payment
Adjustments: The interest rates and payments on the underlying
mortgage loans will generally adjust semi-annually.
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
AVAILABLE FUNDS CAP:
PERIODS DATE COUPON PERIODS DATE COUPON
- -------- -------- ------- -------- -------- -------
1 07/01/98 9.337 49 07/01/02 10.976
2 08/01/98 9.613 50 08/01/02 10.976
3 09/01/98 9.612 51 09/01/02 10.976
4 10/01/98 9.663 52 10/01/02 10.976
5 11/01/98 9.663 53 11/01/02 10.976
6 12/01/98 9.849 54 12/01/02 10.976
7 01/01/99 10.098 55 01/01/03 10.976
8 02/01/99 10.163 56 02/01/03 10.976
9 03/01/99 10.209 57 03/01/03 10.976
10 04/01/99 10.215 58 04/01/03 10.976
11 05/01/99 10.215 59 05/01/03 10.976
12 06/01/99 10.400 60 06/01/03 10.976
13 07/01/99 10.523 61 07/01/03 10.976
14 08/01/99 10.558 62 08/01/03 10.976
15 09/01/99 10.581 63 09/01/03 10.976
16 10/01/99 10.581 64 10/01/03 10.976
17 11/01/99 10.664 65 11/01/03 10.976
18 12/01/99 10.716 66 12/01/03 10.976
19 01/01/00 10.732 67 01/01/04 10.976
20 02/01/00 10.819 68 02/01/04 10.976
21 03/01/00 10.819 69 03/01/04 10.976
22 04/01/00 10.834 70 04/01/04 10.976
23 05/01/00 10.834 71 05/01/04 10.977
24 06/01/00 10.889 72 06/01/04 10.977
25 07/01/00 10.889
26 08/01/00 10.932
27 09/01/00 10.932
28 10/01/00 10.937
29 11/01/00 10.937
30 12/01/00 10.970
31 01/01/01 10.970
32 02/01/01 10.976
33 03/01/01 10.976
34 04/01/01 10.976
35 05/01/01 10.976
36 06/01/01 10.976
37 07/01/01 10.976
38 08/01/01 10.976
39 09/01/01 10.976
40 10/01/01 10.976
41 11/01/01 10.976
42 12/01/01 10.976
43 01/01/02 10.976
44 02/01/02 10.976
45 03/01/02 10.976
46 04/01/02 10.976
47 05/01/02 10.976
48 06/01/02 10.976
* Computed on a 30/360 day basis, by subtracting the applicable service fee from
the available collateral coupon assuming a constant 6M LIBOR.
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $116,000,000.00 DATED DATE: 06/01/98
COUPON: 6.580% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $116,000,000.00 BOND A1 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.423 6.473 6.456 6.439 6.407 6.392 6.377 6.362
99-24+ 6.402 6.456 6.438 6.420 6.385 6.368 6.352 6.336
99-25 6.382 6.440 6.420 6.401 6.363 6.345 6.328 6.310
99-25+ 6.361 6.423 6.402 6.381 6.341 6.322 6.303 6.285
99-26 6.340 6.407 6.384 6.362 6.319 6.299 6.279 6.259
99-26+ 6.320 6.390 6.366 6.343 6.297 6.276 6.254 6.233
99-27 6.299 6.374 6.349 6.324 6.275 6.252 6.230 6.208
99-27+ 6.279 6.358 6.331 6.304 6.254 6.229 6.206 6.182
99-28 6.258 6.341 6.313 6.285 6.232 6.206 6.181 6.156
99-28+ 6.238 6.325 6.295 6.266 6.210 6.183 6.157 6.131
99-29 6.217 6.308 6.277 6.247 6.188 6.160 6.132 6.105
99-29+ 6.196 6.292 6.259 6.227 6.166 6.137 6.108 6.080
99-30 6.176 6.275 6.241 6.208 6.144 6.114 6.084 6.054
99-30+ 6.155 6.259 6.224 6.189 6.122 6.091 6.059 6.028
99-31 6.135 6.243 6.206 6.170 6.101 6.067 6.035 6.003
99-31+ 6.114 6.226 6.188 6.151 6.079 6.044 6.011 5.977
100-00 6.094 6.210 6.170 6.131 6.057 6.021 5.986 5.952
100-00+ 6.073 6.193 6.152 6.112 6.035 5.998 5.962 5.926
100-01 6.053 6.177 6.135 6.093 6.013 5.975 5.938 5.900
100-01+ 6.032 6.161 6.117 6.074 5.991 5.952 5.913 5.875
100-02 6.012 6.144 6.099 6.055 5.970 5.929 5.889 5.849
100-02+ 5.991 6.128 6.081 6.036 5.948 5.906 5.865 5.824
100-03 5.971 6.112 6.064 6.016 5.926 5.883 5.840 5.798
100-03+ 5.950 6.095 6.046 5.997 5.904 5.860 5.816 5.773
100-04 5.930 6.079 6.028 5.978 5.882 5.837 5.792 5.747
100-04+ 5.909 6.063 6.010 5.959 5.861 5.814 5.768 5.722
100-05 5.889 6.046 5.992 5.940 5.839 5.791 5.743 5.696
100-05+ 5.868 6.030 5.975 5.921 5.817 5.768 5.719 5.671
100-06 5.848 6.013 5.957 5.902 5.795 5.745 5.695 5.645
100-06+ 5.828 5.997 5.939 5.883 5.774 5.722 5.671 5.620
100-07 5.807 5.981 5.921 5.863 5.752 5.699 5.646 5.594
100-07+ 5.787 5.964 5.904 5.844 5.730 5.676 5.622 5.569
First Payment 0.122 0.122 0.122 0.122 0.122 0.122 0.122 0.122
Average Life 0.804 1.016 0.932 0.862 0.754 0.711 0.674 0.640
Last Payment 1.539 1.956 1.789 1.622 1.372 1.289 1.206 1.122
</TABLE>
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $61,000,000.00 DATED DATE: 06/01/98
COUPON: 6.285% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $61,000,000.00 BOND A2 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.276 6.297 6.290 6.283 6.269 6.262 6.255 6.247
99-24+ 6.268 6.291 6.283 6.275 6.260 6.252 6.244 6.236
99-25 6.259 6.284 6.276 6.267 6.251 6.242 6.234 6.225
99-25+ 6.251 6.278 6.269 6.260 6.241 6.232 6.223 6.214
99-26 6.242 6.271 6.261 6.252 6.232 6.222 6.212 6.203
99-26+ 6.234 6.265 6.254 6.244 6.223 6.213 6.202 6.191
99-27 6.225 6.258 6.247 6.236 6.214 6.203 6.191 6.180
99-27+ 6.217 6.251 6.240 6.228 6.205 6.193 6.181 6.169
99-28 6.208 6.245 6.233 6.220 6.196 6.183 6.170 6.158
99-28+ 6.200 6.238 6.225 6.213 6.186 6.173 6.160 6.147
99-29 6.191 6.232 6.218 6.205 6.177 6.163 6.149 6.136
99-29+ 6.183 6.225 6.211 6.197 6.168 6.154 6.139 6.124
99-30 6.174 6.219 6.204 6.189 6.159 6.144 6.128 6.113
99-30+ 6.166 6.212 6.197 6.181 6.150 6.134 6.118 6.102
99-31 6.157 6.206 6.189 6.173 6.141 6.124 6.107 6.091
99-31+ 6.149 6.199 6.182 6.165 6.131 6.114 6.097 6.080
100-00 6.140 6.193 6.175 6.158 6.122 6.104 6.086 6.069
100-00+ 6.132 6.186 6.168 6.150 6.113 6.095 6.076 6.057
100-01 6.123 6.180 6.161 6.142 6.104 6.085 6.065 6.046
100-01+ 6.115 6.173 6.154 6.134 6.095 6.075 6.055 6.035
100-02 6.106 6.167 6.146 6.126 6.086 6.065 6.045 6.024
100-02+ 6.098 6.160 6.139 6.118 6.077 6.055 6.034 6.013
100-03 6.089 6.153 6.132 6.111 6.067 6.046 6.024 6.002
100-03+ 6.081 6.147 6.125 6.103 6.058 6.036 6.013 5.991
100-04 6.072 6.140 6.118 6.095 6.049 6.026 6.003 5.979
100-04+ 6.064 6.134 6.110 6.087 6.040 6.016 5.992 5.968
100-05 6.055 6.127 6.103 6.079 6.031 6.006 5.982 5.957
100-05+ 6.047 6.121 6.096 6.072 6.022 5.996 5.971 5.946
100-06 6.038 6.114 6.089 6.064 6.013 5.987 5.961 5.935
100-06+ 6.030 6.108 6.082 6.056 6.004 5.977 5.950 5.924
100-07 6.021 6.101 6.075 6.048 5.994 5.967 5.940 5.913
100-07+ 6.013 6.095 6.067 6.040 5.985 5.957 5.929 5.902
First Payment 1.539 1.956 1.789 1.622 1.372 1.289 1.206 1.122
Average Life 2.007 2.664 2.401 2.187 1.853 1.720 1.604 1.503
Last Payment 2.539 3.456 3.039 2.789 2.372 2.206 2.039 1.872
</TABLE>
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $36,000,000.00 DATED DATE: 06/01/98
COUPON: 6.300% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $36,000,000.00 BOND A3 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.320 6.337 6.332 6.326 6.313 6.308 6.303 6.297
99-24+ 6.314 6.333 6.327 6.321 6.307 6.301 6.295 6.289
99-25 6.308 6.329 6.322 6.316 6.300 6.294 6.288 6.281
99-25+ 6.302 6.324 6.318 6.311 6.294 6.287 6.280 6.273
99-26 6.297 6.320 6.313 6.305 6.287 6.280 6.273 6.266
99-26+ 6.291 6.316 6.308 6.300 6.281 6.273 6.265 6.258
99-27 6.285 6.312 6.303 6.295 6.274 6.266 6.258 6.250
99-27+ 6.279 6.307 6.299 6.290 6.268 6.259 6.250 6.242
99-28 6.273 6.303 6.294 6.284 6.261 6.252 6.243 6.234
99-28+ 6.267 6.299 6.289 6.279 6.255 6.245 6.236 6.226
99-29 6.262 6.295 6.285 6.274 6.248 6.238 6.228 6.218
99-29+ 6.256 6.290 6.280 6.269 6.242 6.231 6.221 6.210
99-30 6.250 6.286 6.275 6.263 6.235 6.224 6.213 6.202
99-30+ 6.244 6.282 6.270 6.258 6.229 6.217 6.206 6.194
99-31 6.238 6.278 6.266 6.253 6.222 6.210 6.198 6.186
99-31+ 6.232 6.273 6.261 6.248 6.216 6.204 6.191 6.178
100-00 6.227 6.269 6.256 6.242 6.209 6.197 6.184 6.170
100-00+ 6.221 6.265 6.251 6.237 6.203 6.190 6.176 6.163
100-01 6.215 6.261 6.247 6.232 6.196 6.183 6.169 6.155
100-01+ 6.209 6.256 6.242 6.227 6.190 6.176 6.161 6.147
100-02 6.203 6.252 6.237 6.221 6.184 6.169 6.154 6.139
100-02+ 6.198 6.248 6.233 6.216 6.177 6.162 6.146 6.131
100-03 6.192 6.244 6.228 6.211 6.171 6.155 6.139 6.123
100-03+ 6.186 6.239 6.223 6.206 6.164 6.148 6.132 6.115
100-04 6.180 6.235 6.218 6.200 6.158 6.141 6.124 6.107
100-04+ 6.174 6.231 6.214 6.195 6.151 6.134 6.117 6.099
100-05 6.168 6.227 6.209 6.190 6.145 6.127 6.109 6.091
100-05+ 6.163 6.222 6.204 6.185 6.138 6.120 6.102 6.083
100-06 6.157 6.218 6.200 6.179 6.132 6.113 6.095 6.076
100-06+ 6.151 6.214 6.195 6.174 6.125 6.106 6.087 6.068
100-07 6.145 6.210 6.190 6.169 6.119 6.099 6.080 6.060
100-07+ 6.139 6.206 6.185 6.164 6.113 6.093 6.072 6.052
First Payment 2.539 3.456 3.039 2.789 2.372 2.206 2.039 1.872
Average Life 3.019 4.311 3.813 3.395 2.690 2.490 2.316 2.162
Last Payment 3.789 5.372 4.706 4.206 3.039 2.872 2.622 2.456
</TABLE>
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $37,000,000.00 DATED DATE: 06/01/98
COUPON: 6.480% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $37,000,000.00 BOND A4 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.525 6.539 6.535 6.530 6.520 6.514 6.507 6.498
99-24+ 6.521 6.536 6.532 6.527 6.516 6.509 6.501 6.492
99-25 6.517 6.534 6.529 6.524 6.512 6.504 6.496 6.486
99-25+ 6.514 6.531 6.526 6.520 6.507 6.500 6.491 6.480
99-26 6.510 6.529 6.523 6.517 6.503 6.495 6.485 6.474
99-26+ 6.506 6.526 6.520 6.514 6.499 6.490 6.480 6.468
99-27 6.502 6.524 6.518 6.511 6.495 6.486 6.475 6.462
99-27+ 6.499 6.521 6.515 6.507 6.491 6.481 6.470 6.456
99-28 6.495 6.518 6.512 6.504 6.487 6.476 6.464 6.450
99-28+ 6.491 6.516 6.509 6.501 6.482 6.471 6.459 6.444
99-29 6.487 6.513 6.506 6.497 6.478 6.467 6.454 6.438
99-29+ 6.484 6.511 6.503 6.494 6.474 6.462 6.448 6.432
99-30 6.480 6.508 6.500 6.491 6.470 6.457 6.443 6.426
99-30+ 6.476 6.506 6.497 6.488 6.466 6.453 6.438 6.420
99-31 6.472 6.503 6.495 6.484 6.462 6.448 6.433 6.414
99-31+ 6.469 6.501 6.492 6.481 6.458 6.443 6.427 6.408
100-00 6.465 6.498 6.489 6.478 6.453 6.439 6.422 6.402
100-00+ 6.461 6.496 6.486 6.475 6.449 6.434 6.417 6.396
100-01 6.458 6.493 6.483 6.471 6.445 6.429 6.411 6.390
100-01+ 6.454 6.491 6.480 6.468 6.441 6.425 6.406 6.384
100-02 6.450 6.488 6.477 6.465 6.437 6.420 6.401 6.378
100-02+ 6.446 6.486 6.475 6.462 6.433 6.415 6.396 6.373
100-03 6.443 6.483 6.472 6.458 6.429 6.411 6.390 6.367
100-03+ 6.439 6.481 6.469 6.455 6.424 6.406 6.385 6.361
100-04 6.435 6.478 6.466 6.452 6.420 6.401 6.380 6.355
100-04+ 6.431 6.475 6.463 6.448 6.416 6.397 6.374 6.349
100-05 6.428 6.473 6.460 6.445 6.412 6.392 6.369 6.343
100-05+ 6.424 6.470 6.457 6.442 6.408 6.387 6.364 6.337
100-06 6.420 6.468 6.454 6.439 6.404 6.383 6.359 6.331
100-06+ 6.417 6.465 6.452 6.435 6.400 6.378 6.353 6.325
100-07 6.413 6.463 6.449 6.432 6.395 6.373 6.348 6.319
100-07+ 6.409 6.460 6.446 6.429 6.391 6.369 6.343 6.313
First Payment 3.789 5.372 4.706 4.206 3.039 2.872 2.622 2.456
Average Life 5.058 8.300 7.052 5.977 4.457 3.883 3.386 2.941
Last Payment 8.622 12.456 11.206 10.039 6.122 5.289 4.706 4.206
</TABLE>
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $16,000,000.00 DATED DATE: 06/01/98
COUPON: 6.875% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $16,000,000.00 BOND A5 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 7.074 7.062 7.067 7.073 7.063 7.046 7.018 6.973
99-24+ 7.072 7.060 7.065 7.071 7.061 7.043 7.015 6.970
99-25 7.070 7.059 7.064 7.069 7.059 7.041 7.012 6.966
99-25+ 7.068 7.057 7.062 7.067 7.056 7.038 7.010 6.963
99-26 7.066 7.055 7.060 7.065 7.054 7.036 7.007 6.959
99-26+ 7.064 7.054 7.058 7.063 7.052 7.033 7.004 6.956
99-27 7.062 7.052 7.056 7.061 7.050 7.031 7.001 6.952
99-27+ 7.060 7.050 7.055 7.060 7.048 7.028 6.998 6.949
99-28 7.058 7.049 7.053 7.058 7.046 7.026 6.995 6.946
99-28+ 7.056 7.047 7.051 7.056 7.043 7.023 6.992 6.942
99-29 7.054 7.045 7.049 7.054 7.041 7.021 6.989 6.939
99-29+ 7.052 7.044 7.048 7.052 7.039 7.018 6.987 6.935
99-30 7.050 7.042 7.046 7.050 7.037 7.016 6.984 6.932
99-30+ 7.049 7.040 7.044 7.048 7.035 7.014 6.981 6.928
99-31 7.047 7.039 7.042 7.047 7.032 7.011 6.978 6.925
99-31+ 7.045 7.037 7.041 7.045 7.030 7.009 6.975 6.921
100-00 7.043 7.035 7.039 7.043 7.028 7.006 6.972 6.918
100-00+ 7.041 7.034 7.037 7.041 7.026 7.004 6.969 6.915
100-01 7.039 7.032 7.035 7.039 7.024 7.001 6.967 6.911
100-01+ 7.037 7.030 7.034 7.037 7.022 6.999 6.964 6.908
100-02 7.035 7.029 7.032 7.035 7.019 6.996 6.961 6.904
100-02+ 7.033 7.027 7.030 7.034 7.017 6.994 6.958 6.901
100-03 7.031 7.025 7.028 7.032 7.015 6.991 6.955 6.897
100-03+ 7.029 7.024 7.027 7.030 7.013 6.989 6.952 6.894
100-04 7.027 7.022 7.025 7.028 7.011 6.986 6.949 6.890
100-04+ 7.025 7.020 7.023 7.026 7.009 6.984 6.946 6.887
100-05 7.023 7.019 7.021 7.024 7.006 6.981 6.944 6.884
100-05+ 7.021 7.017 7.020 7.022 7.004 6.979 6.941 6.880
100-06 7.019 7.015 7.018 7.021 7.002 6.977 6.938 6.877
100-06+ 7.017 7.014 7.016 7.019 7.000 6.974 6.935 6.873
100-07 7.015 7.012 7.014 7.017 6.998 6.972 6.932 6.870
100-07+ 7.013 7.010 7.013 7.015 6.995 6.969 6.929 6.866
First Payment 8.622 12.456 11.206 10.039 6.122 5.289 4.706 4.206
Average Life 12.091 15.935 14.522 13.261 10.514 8.923 7.342 5.769
Last Payment 17.539 22.539 20.706 19.039 16.206 15.039 14.122 13.206
</TABLE>
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $16,000,000.00 DATED DATE: 06/01/98
COUPON: 6.875% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $16,000,000.00 BOND A5 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.939 6.946 6.944 6.942 6.936 6.933 6.929 6.924
99-24+ 6.937 6.944 6.942 6.939 6.934 6.930 6.925 6.920
99-25 6.934 6.942 6.939 6.937 6.931 6.927 6.922 6.916
99-25+ 6.932 6.940 6.937 6.934 6.928 6.924 6.918 6.913
99-26 6.929 6.937 6.935 6.932 6.925 6.920 6.915 6.909
99-26+ 6.926 6.935 6.933 6.929 6.922 6.917 6.912 6.905
99-27 6.924 6.933 6.930 6.927 6.919 6.914 6.908 6.901
99-27+ 6.921 6.931 6.928 6.924 6.917 6.911 6.905 6.897
99-28 6.918 6.929 6.926 6.922 6.914 6.908 6.901 6.894
99-28+ 6.916 6.927 6.923 6.920 6.911 6.905 6.898 6.890
99-29 6.913 6.925 6.921 6.917 6.908 6.902 6.894 6.886
99-29+ 6.911 6.923 6.919 6.915 6.905 6.899 6.891 6.882
99-30 6.908 6.920 6.917 6.912 6.902 6.896 6.888 6.878
99-30+ 6.905 6.918 6.914 6.910 6.900 6.892 6.884 6.875
99-31 6.903 6.916 6.912 6.907 6.897 6.889 6.881 6.871
99-31+ 6.900 6.914 6.910 6.905 6.894 6.886 6.877 6.867
100-00 6.898 6.912 6.907 6.902 6.891 6.883 6.874 6.863
100-00+ 6.895 6.910 6.905 6.900 6.888 6.880 6.870 6.860
100-01 6.892 6.908 6.903 6.898 6.885 6.877 6.867 6.856
100-01+ 6.890 6.906 6.901 6.895 6.883 6.874 6.864 6.852
100-02 6.887 6.903 6.898 6.893 6.880 6.871 6.860 6.848
100-02+ 6.884 6.901 6.896 6.890 6.877 6.868 6.857 6.845
100-03 6.882 6.899 6.894 6.888 6.874 6.865 6.853 6.841
100-03+ 6.879 6.897 6.892 6.885 6.871 6.861 6.850 6.837
100-04 6.877 6.895 6.889 6.883 6.868 6.858 6.847 6.833
100-04+ 6.874 6.893 6.887 6.880 6.866 6.855 6.843 6.829
100-05 6.871 6.891 6.885 6.878 6.863 6.852 6.840 6.826
100-05+ 6.869 6.889 6.882 6.876 6.860 6.849 6.836 6.822
100-06 6.866 6.886 6.880 6.873 6.857 6.846 6.833 6.818
100-06+ 6.864 6.884 6.878 6.871 6.854 6.843 6.830 6.814
100-07 6.861 6.882 6.876 6.868 6.851 6.840 6.826 6.811
100-07+ 6.858 6.880 6.873 6.866 6.849 6.837 6.823 6.807
First Payment 7.956 10.622 9.622 8.706 6.122 5.289 4.706 4.206
Average Life 7.956 10.622 9.622 8.706 7.163 6.389 5.671 5.028
Last Payment 7.956 10.622 9.622 8.706 7.372 6.789 6.289 5.872
</TABLE>
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $35,000,000.00 DATED DATE: 06/01/98
COUPON: 6.420% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $35,000,000.00 BOND A6 BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.473 6.474 6.473 6.473 6.473 6.473 6.473 6.473
99-24+ 6.470 6.471 6.470 6.470 6.470 6.470 6.470 6.470
99-25 6.467 6.468 6.468 6.467 6.467 6.467 6.467 6.467
99-25+ 6.464 6.465 6.465 6.464 6.464 6.464 6.464 6.464
99-26 6.461 6.462 6.462 6.461 6.461 6.461 6.461 6.461
99-26+ 6.458 6.459 6.459 6.458 6.458 6.458 6.458 6.458
99-27 6.455 6.457 6.456 6.455 6.455 6.455 6.455 6.455
99-27+ 6.452 6.454 6.453 6.452 6.452 6.452 6.452 6.452
99-28 6.449 6.451 6.450 6.449 6.449 6.449 6.449 6.449
99-28+ 6.446 6.448 6.447 6.447 6.446 6.446 6.446 6.446
99-29 6.443 6.445 6.444 6.444 6.443 6.443 6.443 6.443
99-29+ 6.440 6.442 6.441 6.441 6.440 6.440 6.440 6.440
99-30 6.437 6.439 6.438 6.438 6.437 6.437 6.437 6.437
99-30+ 6.434 6.437 6.435 6.435 6.434 6.434 6.434 6.435
99-31 6.431 6.434 6.433 6.432 6.431 6.431 6.431 6.432
99-31+ 6.428 6.431 6.430 6.429 6.428 6.428 6.428 6.429
100-00 6.425 6.428 6.427 6.426 6.425 6.425 6.425 6.426
100-00+ 6.422 6.425 6.424 6.423 6.422 6.422 6.422 6.423
100-01 6.419 6.422 6.421 6.420 6.419 6.419 6.419 6.420
100-01+ 6.416 6.419 6.418 6.417 6.416 6.416 6.416 6.417
100-02 6.414 6.416 6.415 6.414 6.413 6.413 6.413 6.414
100-02+ 6.411 6.414 6.412 6.411 6.410 6.410 6.410 6.411
100-03 6.408 6.411 6.409 6.408 6.407 6.407 6.407 6.408
100-03+ 6.405 6.408 6.406 6.405 6.404 6.404 6.404 6.405
100-04 6.402 6.405 6.404 6.402 6.401 6.401 6.401 6.402
100-04+ 6.399 6.402 6.401 6.400 6.398 6.398 6.398 6.399
100-05 6.396 6.399 6.398 6.397 6.395 6.395 6.395 6.396
100-05+ 6.393 6.396 6.395 6.394 6.392 6.392 6.392 6.393
100-06 6.390 6.394 6.392 6.391 6.389 6.389 6.390 6.390
100-06+ 6.387 6.391 6.389 6.388 6.386 6.386 6.387 6.387
100-07 6.384 6.388 6.386 6.385 6.383 6.383 6.384 6.384
100-07+ 6.381 6.385 6.383 6.382 6.380 6.380 6.381 6.382
First Payment 3.289 3.122 3.122 3.206 3.456 3.539 3.706 3.872
Average Life 6.743 7.049 6.910 6.811 6.704 6.693 6.718 6.785
Last Payment 17.372 22.289 20.539 18.872 16.039 14.539 13.956 13.039
</TABLE>
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $19,250,000.00 DATED DATE: 06/01/98
COUPON: 6.875% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $19,250,000.00 BOND M1F BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.929 6.937 6.935 6.932 6.927 6.924 6.923 6.921
99-24+ 6.926 6.935 6.932 6.929 6.923 6.921 6.919 6.917
99-25 6.922 6.932 6.929 6.925 6.919 6.917 6.915 6.913
99-25+ 6.919 6.929 6.926 6.922 6.916 6.913 6.911 6.909
99-26 6.915 6.926 6.923 6.919 6.912 6.909 6.907 6.905
99-26+ 6.912 6.924 6.920 6.916 6.909 6.906 6.903 6.901
99-27 6.909 6.921 6.917 6.913 6.905 6.902 6.899 6.897
99-27+ 6.905 6.918 6.914 6.909 6.902 6.898 6.895 6.893
99-28 6.902 6.915 6.911 6.906 6.898 6.895 6.892 6.889
99-28+ 6.898 6.913 6.908 6.903 6.894 6.891 6.888 6.885
99-29 6.895 6.910 6.905 6.900 6.891 6.887 6.884 6.881
99-29+ 6.892 6.907 6.902 6.897 6.887 6.883 6.880 6.877
99-30 6.888 6.904 6.899 6.893 6.884 6.880 6.876 6.873
99-30+ 6.885 6.901 6.896 6.890 6.880 6.876 6.872 6.869
99-31 6.881 6.899 6.893 6.887 6.877 6.872 6.868 6.865
99-31+ 6.878 6.896 6.890 6.884 6.873 6.868 6.865 6.861
100-00 6.875 6.893 6.887 6.881 6.869 6.865 6.861 6.857
100-00+ 6.871 6.890 6.884 6.877 6.866 6.861 6.857 6.853
100-01 6.868 6.888 6.881 6.874 6.862 6.857 6.853 6.849
100-01+ 6.865 6.885 6.878 6.871 6.859 6.853 6.849 6.845
100-02 6.861 6.882 6.875 6.868 6.855 6.850 6.845 6.841
100-02+ 6.858 6.879 6.872 6.865 6.852 6.846 6.841 6.838
100-03 6.854 6.877 6.869 6.861 6.848 6.842 6.837 6.834
100-03+ 6.851 6.874 6.866 6.858 6.844 6.839 6.834 6.830
100-04 6.848 6.871 6.863 6.855 6.841 6.835 6.830 6.826
100-04+ 6.844 6.868 6.860 6.852 6.837 6.831 6.826 6.822
100-05 6.841 6.866 6.857 6.849 6.834 6.827 6.822 6.818
100-05+ 6.837 6.863 6.854 6.846 6.830 6.824 6.818 6.814
100-06 6.834 6.860 6.851 6.842 6.827 6.820 6.814 6.810
100-06+ 6.831 6.857 6.848 6.839 6.823 6.816 6.810 6.806
100-07 6.827 6.855 6.845 6.836 6.819 6.812 6.807 6.802
100-07+ 6.824 6.852 6.842 6.833 6.816 6.809 6.803 6.798
First Payment 3.206 3.539 3.122 3.122 3.289 3.372 3.372 3.456
Average Life 5.971 7.838 7.088 6.469 5.569 5.250 5.003 4.814
Last Payment 14.122 18.206 16.539 15.122 13.039 12.122 11.206 10.456
</TABLE>
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $15,750,000.00 DATED DATE: 06/01/98
COUPON: 7.125% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $15,750,000.00 BOND M2F BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 7.182 7.191 7.188 7.185 7.179 7.176 7.174 7.172
99-24+ 7.178 7.188 7.185 7.182 7.175 7.173 7.170 7.168
99-25 7.175 7.186 7.182 7.178 7.172 7.169 7.166 7.164
99-25+ 7.172 7.183 7.179 7.175 7.168 7.165 7.162 7.159
99-26 7.168 7.180 7.176 7.172 7.164 7.161 7.158 7.155
99-26+ 7.165 7.177 7.173 7.169 7.161 7.157 7.154 7.151
99-27 7.161 7.174 7.170 7.165 7.157 7.153 7.150 7.147
99-27+ 7.158 7.172 7.167 7.162 7.153 7.150 7.146 7.143
99-28 7.154 7.169 7.164 7.159 7.150 7.146 7.142 7.139
99-28+ 7.151 7.166 7.161 7.156 7.146 7.142 7.138 7.135
99-29 7.147 7.163 7.158 7.152 7.143 7.138 7.134 7.130
99-29+ 7.144 7.160 7.155 7.149 7.139 7.134 7.130 7.126
99-30 7.140 7.157 7.152 7.146 7.135 7.130 7.126 7.122
99-30+ 7.137 7.155 7.149 7.143 7.132 7.127 7.122 7.118
99-31 7.134 7.152 7.146 7.139 7.128 7.123 7.118 7.114
99-31+ 7.130 7.149 7.143 7.136 7.124 7.119 7.114 7.110
100-00 7.127 7.146 7.140 7.133 7.121 7.115 7.110 7.106
100-00+ 7.123 7.143 7.137 7.130 7.117 7.111 7.106 7.101
100-01 7.120 7.141 7.134 7.127 7.113 7.107 7.102 7.097
100-01+ 7.116 7.138 7.131 7.123 7.110 7.104 7.098 7.093
100-02 7.113 7.135 7.128 7.120 7.106 7.100 7.094 7.089
100-02+ 7.109 7.132 7.125 7.117 7.102 7.096 7.090 7.085
100-03 7.106 7.129 7.122 7.114 7.099 7.092 7.086 7.081
100-03+ 7.102 7.127 7.119 7.110 7.095 7.088 7.082 7.077
100-04 7.099 7.124 7.116 7.107 7.091 7.084 7.078 7.072
100-04+ 7.096 7.121 7.112 7.104 7.088 7.081 7.074 7.068
100-05 7.092 7.118 7.109 7.101 7.084 7.077 7.070 7.064
100-05+ 7.089 7.115 7.106 7.097 7.081 7.073 7.066 7.060
100-06 7.085 7.113 7.103 7.094 7.077 7.069 7.062 7.056
100-06+ 7.082 7.110 7.100 7.091 7.073 7.065 7.058 7.052
100-07 7.078 7.107 7.097 7.088 7.070 7.061 7.054 7.048
100-07+ 7.075 7.104 7.094 7.084 7.066 7.058 7.050 7.043
First Payment 3.122 3.539 3.122 3.122 3.206 3.206 3.206 3.289
Average Life 5.879 7.736 7.004 6.386 5.464 5.124 4.849 4.625
Last Payment 12.789 16.456 14.872 13.872 11.789 10.956 10.122 9.456
</TABLE>
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $14,000,000.00 DATED DATE: 06/01/98
COUPON: 7.620% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $14,000,000.00 BOND B1F BE-YIELD TABLE YIELD TABLE DATE: 06/11/98
PREPAYMENT SPEED
**** TO MATURITY ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%
FIX (HEP) 24.0% 18.0% 20.0% 22.0% 26.0% 28.0% 30.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 7.682 7.694 7.690 7.686 7.679 7.675 7.672 7.669
99-24+ 7.679 7.691 7.687 7.683 7.675 7.671 7.668 7.665
99-25 7.675 7.688 7.683 7.679 7.671 7.667 7.664 7.661
99-25+ 7.671 7.685 7.680 7.676 7.667 7.663 7.659 7.656
99-26 7.668 7.682 7.677 7.672 7.663 7.659 7.655 7.652
99-26+ 7.664 7.679 7.674 7.669 7.659 7.655 7.651 7.647
99-27 7.660 7.676 7.671 7.666 7.656 7.651 7.647 7.643
99-27+ 7.657 7.673 7.668 7.662 7.652 7.647 7.643 7.638
99-28 7.653 7.670 7.664 7.659 7.648 7.643 7.638 7.634
99-28+ 7.650 7.667 7.661 7.655 7.644 7.639 7.634 7.630
99-29 7.646 7.664 7.658 7.652 7.640 7.635 7.630 7.625
99-29+ 7.642 7.661 7.655 7.649 7.636 7.631 7.626 7.621
99-30 7.639 7.658 7.652 7.645 7.633 7.627 7.621 7.616
99-30+ 7.635 7.655 7.649 7.642 7.629 7.623 7.617 7.612
99-31 7.632 7.652 7.645 7.638 7.625 7.619 7.613 7.608
99-31+ 7.628 7.650 7.642 7.635 7.621 7.615 7.609 7.603
100-00 7.624 7.647 7.639 7.632 7.617 7.611 7.604 7.599
100-00+ 7.621 7.644 7.636 7.628 7.613 7.607 7.600 7.594
100-01 7.617 7.641 7.633 7.625 7.610 7.603 7.596 7.590
100-01+ 7.613 7.638 7.630 7.621 7.606 7.599 7.592 7.586
100-02 7.610 7.635 7.627 7.618 7.602 7.595 7.588 7.581
100-02+ 7.606 7.632 7.623 7.615 7.598 7.590 7.583 7.577
100-03 7.603 7.629 7.620 7.611 7.594 7.586 7.579 7.572
100-03+ 7.599 7.626 7.617 7.608 7.590 7.582 7.575 7.568
100-04 7.595 7.623 7.614 7.604 7.587 7.578 7.571 7.564
100-04+ 7.592 7.620 7.611 7.601 7.583 7.574 7.566 7.559
100-05 7.588 7.617 7.608 7.598 7.579 7.570 7.562 7.555
100-05+ 7.585 7.614 7.604 7.594 7.575 7.566 7.558 7.550
100-06 7.581 7.612 7.601 7.591 7.571 7.562 7.554 7.546
100-06+ 7.577 7.609 7.598 7.588 7.567 7.558 7.550 7.542
100-07 7.574 7.606 7.595 7.584 7.564 7.554 7.545 7.537
100-07+ 7.570 7.603 7.592 7.581 7.560 7.550 7.541 7.533
First Payment 3.122 3.539 3.122 3.122 3.122 3.122 3.122 3.122
Average Life 5.592 7.403 6.684 6.085 5.187 4.854 4.575 4.347
Last Payment 10.956 14.289 13.039 11.872 10.039 9.289 8.622 8.039
</TABLE>
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $150,000,000.00 DATED DATE: 06/11/98
CURRENT COUPON: 5.688% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $150,000,000.00 BOND A7 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/11/98
ASSUMED CONSTANT LIBOR-1M 5.6484
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 13.0% 20.0% 33.0% 39.0% 45.0% 50.0% 55.0%
FIX (HEP) 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 32.436 18.549 25.472 38.428 44.467 50.572 55.825 61.382
99-24+ 30.656 17.638 24.128 36.273 41.934 47.656 52.581 57.789
99-25 28.876 16.727 22.784 34.118 39.401 44.741 49.337 54.198
99-25+ 27.097 15.817 21.440 31.964 36.868 41.827 46.094 50.607
99-26 25.318 14.907 20.097 29.810 34.337 38.913 42.851 47.017
99-26+ 23.539 13.997 18.754 27.656 31.806 36.000 39.610 43.427
99-27 21.761 13.087 17.411 25.503 29.275 33.087 36.369 39.839
99-27+ 19.983 12.177 16.069 23.351 26.745 30.176 33.128 36.251
99-28 18.205 11.268 14.726 21.199 24.215 27.265 29.889 32.665
99-28+ 16.428 10.359 13.385 19.047 21.686 24.354 26.650 29.079
99-29 14.652 9.450 12.043 16.896 19.158 21.445 23.412 25.494
99-29+ 12.875 8.541 10.702 14.746 16.630 18.536 20.175 21.909
99-30 11.099 7.632 9.361 12.595 14.103 15.627 16.939 18.326
99-30+ 9.324 6.724 8.020 10.446 11.577 12.719 13.703 14.743
99-31 7.549 5.816 6.680 8.297 9.050 9.812 10.468 11.161
99-31+ 5.774 4.908 5.340 6.148 6.525 6.906 7.234 7.580
100-00 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000
100-00+ 2.226 3.092 2.661 1.852 1.476 1.095 0.767 0.421
100-01 0.453 2.185 1.321 -0.295 -1.048 -1.810 -2.465 -3.158
100-01+ -1.320 1.278 -0.017 -2.442 -3.571 -4.713 -5.696 -6.736
100-02 -3.093 0.371 -1.356 -4.588 -6.094 -7.617 -8.927 -10.313
100-02+ -4.865 -0.536 -2.694 -6.734 -8.616 -10.519 -12.157 -13.889
100-03 -6.637 -1.442 -4.032 -8.879 -11.138 -13.421 -15.386 -17.464
100-03+ -8.409 -2.348 -5.370 -11.024 -13.659 -16.322 -18.614 -21.039
100-04 -10.180 -3.254 -6.707 -13.168 -16.179 -19.223 -21.842 -24.612
100-04+ -11.950 -4.160 -8.044 -15.312 -18.699 -22.123 -25.069 -28.185
100-05 -13.721 -5.066 -9.381 -17.455 -21.218 -25.022 -28.295 -31.757
100-05+ -15.491 -5.971 -10.717 -19.598 -23.737 -27.921 -31.521 -35.328
100-06 -17.260 -6.876 -12.053 -21.740 -26.255 -30.818 -34.745 -38.899
100-06+ -19.029 -7.781 -13.389 -23.882 -28.773 -33.716 -37.970 -42.468
100-07 -20.798 -8.686 -14.724 -26.024 -31.290 -36.612 -41.193 -46.037
100-07+ -22.566 -9.591 -16.060 -28.165 -33.806 -39.508 -44.415 -49.605
First Payment 0.122 0.122 0.122 0.122 0.122 0.122 0.122 0.122
Average Life 0.900 1.827 1.207 0.739 0.626 0.542 0.486 0.438
Last Payment 1.872 4.039 2.622 1.539 1.289 1.039 0.956 0.872
</TABLE>
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $376,500,000.00 DATED DATE: 06/11/98
CURRENT COUPON: 5.818% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $376,500,000.00 BOND A8 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/11/98
ASSUMED CONSTANT LIBOR-1M 5.6484
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 13.0% 20.0% 33.0% 39.0% 45.0% 50.0% 55.0%
FIX (HEP) 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 26.883 22.229 24.360 29.911 34.242 37.618 40.350 43.229
99-24+ 26.264 21.902 23.899 29.103 33.162 36.327 38.888 41.587
99-25 25.645 21.574 23.438 28.295 32.083 35.037 37.427 39.945
99-25+ 25.026 21.247 22.977 27.486 31.004 33.747 35.966 38.304
99-26 24.408 20.920 22.517 26.679 29.926 32.457 34.505 36.663
99-26+ 23.790 20.593 22.056 25.871 28.847 31.167 33.044 35.023
99-27 23.172 20.266 21.596 25.063 27.769 29.878 31.584 33.382
99-27+ 22.554 19.939 21.136 24.256 26.691 28.589 30.124 31.743
99-28 21.936 19.612 20.676 23.449 25.613 27.300 28.665 30.103
99-28+ 21.318 19.285 20.216 22.642 24.536 26.011 27.205 28.464
99-29 20.701 18.958 19.756 21.835 23.458 24.723 25.747 26.825
99-29+ 20.084 18.632 19.297 21.029 22.381 23.435 24.288 25.187
99-30 19.467 18.305 18.837 20.223 21.305 22.148 22.830 23.549
99-30+ 18.850 17.979 18.378 19.417 20.228 20.860 21.372 21.911
99-31 18.233 17.652 17.918 18.611 19.152 19.573 19.914 20.274
99-31+ 17.616 17.326 17.459 17.805 18.076 18.286 18.457 18.637
100-00 17.000 17.000 17.000 17.000 17.000 17.000 17.000 17.000
100-00+ 16.384 16.674 16.541 16.195 15.924 15.714 15.543 15.364
100-01 15.768 16.348 16.082 15.390 14.849 14.428 14.087 13.728
100-01+ 15.152 16.022 15.624 14.585 13.774 13.142 12.631 12.092
100-02 14.536 15.696 15.165 13.781 12.699 11.857 11.175 10.457
100-02+ 13.920 15.371 14.707 12.976 11.625 10.572 9.720 8.822
100-03 13.305 15.045 14.248 12.172 10.550 9.287 8.265 7.188
100-03+ 12.690 14.719 13.790 11.368 9.476 8.003 6.810 5.554
100-04 12.074 14.394 13.332 10.564 8.403 6.718 5.356 3.920
100-04+ 11.459 14.068 12.874 9.761 7.329 5.434 3.902 2.287
100-05 10.845 13.743 12.416 8.958 6.256 4.151 2.448 0.654
100-05+ 10.230 13.418 11.958 8.155 5.183 2.867 0.995 -0.979
100-06 9.615 13.093 11.501 7.352 4.110 1.584 -0.459 -2.611
100-06+ 9.001 12.768 11.043 6.549 3.037 0.301 -1.911 -4.243
100-07 8.387 12.443 10.586 5.746 1.965 -0.981 -3.364 -5.875
100-07+ 7.773 12.118 10.129 4.944 0.893 -2.263 -4.816 -7.506
First Payment 0.122 0.122 0.122 0.122 0.122 0.122 0.122 0.122
Average Life 2.847 6.149 4.011 2.108 1.524 1.259 1.105 0.979
Last Payment 7.122 14.872 9.789 5.622 4.622 2.622 2.289 2.039
</TABLE>
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $52,000,000.00 DATED DATE: 06/11/98
CURRENT COUPON: 5.978% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $52,000,000.00 BOND M1A DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/11/98
ASSUMED CONSTANT LIBOR-1M 5.6484
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 13.0% 20.0% 33.0% 39.0% 45.0% 50.0% 55.0%
FIX (HEP) 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 38.810 36.387 37.687 39.148 39.176 41.368 43.206 44.558
99-24+ 38.447 36.175 37.394 38.763 38.789 40.844 42.567 43.834
99-25 38.083 35.963 37.101 38.378 38.403 40.320 41.929 43.111
99-25+ 37.720 35.751 36.807 37.994 38.016 39.797 41.290 42.388
99-26 37.356 35.539 36.514 37.609 37.630 39.274 40.652 41.665
99-26+ 36.993 35.327 36.221 37.225 37.244 38.750 40.014 40.943
99-27 36.629 35.116 35.928 36.840 36.858 38.227 39.375 40.220
99-27+ 36.266 34.904 35.635 36.456 36.472 37.704 38.737 39.497
99-28 35.903 34.692 35.342 36.072 36.086 37.181 38.099 38.775
99-28+ 35.540 34.480 35.049 35.687 35.700 36.658 37.462 38.053
99-29 35.177 34.269 34.756 35.303 35.314 36.135 36.824 37.330
99-29+ 34.814 34.057 34.463 34.919 34.928 35.612 36.186 36.608
99-30 34.451 33.846 34.170 34.535 34.542 35.090 35.549 35.886
99-30+ 34.088 33.634 33.878 34.151 34.157 34.567 34.911 35.165
99-31 33.725 33.423 33.585 33.767 33.771 34.045 34.274 34.443
99-31+ 33.363 33.211 33.293 33.384 33.385 33.522 33.637 33.721
100-00 33.000 33.000 33.000 33.000 33.000 33.000 33.000 33.000
100-00+ 32.637 32.789 32.708 32.616 32.615 32.478 32.363 32.279
100-01 32.275 32.577 32.415 32.233 32.229 31.956 31.726 31.557
100-01+ 31.912 32.366 32.123 31.849 31.844 31.434 31.089 30.836
100-02 31.550 32.155 31.830 31.466 31.459 30.912 30.453 30.115
100-02+ 31.188 31.944 31.538 31.082 31.074 30.390 29.816 29.395
100-03 30.826 31.733 31.246 30.699 30.689 29.868 29.180 28.674
100-03+ 30.463 31.522 30.954 30.316 30.304 29.346 28.544 27.953
100-04 30.101 31.311 30.662 29.933 29.919 28.825 27.907 27.233
100-04+ 29.739 31.100 30.370 29.550 29.534 28.303 27.271 26.513
100-05 29.377 30.889 30.078 29.167 29.149 27.782 26.635 25.792
100-05+ 29.015 30.678 29.786 28.784 28.764 27.261 26.000 25.072
100-06 28.654 30.467 29.494 28.401 28.380 26.740 25.364 24.352
100-06+ 28.292 30.256 29.202 28.018 27.995 26.218 24.728 23.633
100-07 27.930 30.046 28.911 27.635 27.610 25.697 24.093 22.913
100-07+ 27.569 29.835 28.619 27.252 27.226 25.176 23.457 22.193
First Payment 3.456 4.872 3.122 3.789 4.289 2.622 2.289 2.039
Average Life 4.984 10.007 6.522 4.624 4.586 3.265 2.621 2.292
Last Payment 7.122 14.872 9.789 5.622 4.622 3.872 2.956 2.622
</TABLE>
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
FINANCIAL STRATEGIES GROUP
- --------------------------
<TABLE>
<CAPTION>
CURRENT BALANCE: $39,000,000.00 DATED DATE: 06/11/98
CURRENT COUPON: 6.198% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $39,000,000.00 BOND M2A DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/11/98
ASSUMED CONSTANT LIBOR-1M 5.6484
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 13.0% 20.0% 33.0% 39.0% 45.0% 50.0% 55.0%
FIX (HEP) 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 60.950 58.424 59.723 61.662 61.908 62.203 63.413 64.955
99-24+ 60.578 58.209 59.427 61.245 61.475 61.752 62.886 64.332
99-25 60.206 57.995 59.131 60.829 61.043 61.301 62.360 63.709
99-25+ 59.833 57.781 58.836 60.412 60.611 60.851 61.834 63.086
99-26 59.461 57.567 58.540 59.995 60.179 60.400 61.307 62.464
99-26+ 59.089 57.352 58.245 59.578 59.747 59.950 60.781 61.841
99-27 58.717 57.138 57.950 59.162 59.315 59.499 60.255 61.219
99-27+ 58.345 56.924 57.655 58.745 58.883 59.049 59.729 60.596
99-28 57.973 56.710 57.359 58.329 58.451 58.599 59.204 59.974
99-28+ 57.601 56.496 57.064 57.912 58.020 58.149 58.678 59.352
99-29 57.229 56.283 56.769 57.496 57.588 57.699 58.152 58.730
99-29+ 56.858 56.069 56.474 57.080 57.157 57.249 57.627 58.108
99-30 56.486 55.855 56.179 56.664 56.725 56.799 57.101 57.486
99-30+ 56.114 55.641 55.884 56.248 56.294 56.349 56.576 56.865
99-31 55.743 55.427 55.589 55.832 55.862 55.899 56.050 56.243
99-31+ 55.371 55.214 55.295 55.416 55.431 55.450 55.525 55.621
100-00 55.000 55.000 55.000 55.000 55.000 55.000 55.000 55.000
100-00+ 54.629 54.786 54.705 54.584 54.569 54.550 54.475 54.379
100-01 54.257 54.573 54.411 54.169 54.138 54.101 53.950 53.758
100-01+ 53.886 54.359 54.116 53.753 53.707 53.652 53.425 53.136
100-02 53.515 54.146 53.822 53.337 53.276 53.202 52.900 52.515
100-02+ 53.144 53.932 53.527 52.922 52.845 52.753 52.376 51.895
100-03 52.773 53.719 53.233 52.507 52.415 52.304 51.851 51.274
100-03+ 52.402 53.506 52.939 52.091 51.984 51.855 51.327 50.653
100-04 52.032 53.292 52.644 51.676 51.553 51.406 50.802 50.033
100-04+ 51.661 53.079 52.350 51.261 51.123 50.957 50.278 49.412
100-05 51.290 52.866 52.056 50.846 50.692 50.508 49.754 48.792
100-05+ 50.920 52.653 51.762 50.431 50.262 50.060 49.230 48.172
100-06 50.549 52.440 51.468 50.016 49.832 49.611 48.705 47.551
100-06+ 50.179 52.227 51.174 49.601 49.402 49.162 48.182 46.931
100-07 49.808 52.014 50.880 49.186 48.971 48.714 47.658 46.312
100-07+ 49.438 51.801 50.586 48.771 48.541 48.265 47.134 45.692
First Payment 3.206 4.872 3.122 3.372 3.539 3.789 2.956 2.622
Average Life 4.889 10.007 6.522 4.249 4.060 3.869 3.249 2.697
Last Payment 7.122 14.872 9.789 5.622 4.622 3.872 3.289 2.706
</TABLE>
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
FINANCIAL STRATEGIES GROUP
- --------------------------
<TABLE>
<CAPTION>
CURRENT BALANCE: $32,500,000.00 DATED DATE: 06/11/98
CURRENT COUPON: 6.798% amresco982 FIRST PAYMENT: 07/25/98
FACTOR: 1.0000000000 TOTAL CLASSES: 18
ORIGINAL BALANCE: $32,500,000.00 BOND B1A DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/11/98
ASSUMED CONSTANT LIBOR-1M 5.6484
**** TO 10% CALL ***
PRICING SPEED
SPEED: ARM (CPR) 27.0% 13.0% 20.0% 33.0% 39.0% 45.0% 50.0% 55.0%
FIX (HEP) 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 121.096 118.524 119.819 121.962 122.531 122.782 123.403 125.007
99-24+ 120.714 118.304 119.517 121.526 122.060 122.295 122.877 124.381
99-25 120.333 118.083 119.216 121.091 121.589 121.808 122.351 123.755
99-25+ 119.951 117.863 118.914 120.655 121.117 121.321 121.826 123.129
99-26 119.570 117.642 118.613 120.220 120.646 120.834 121.300 122.503
99-26+ 119.189 117.422 118.311 119.784 120.175 120.348 120.774 121.877
99-27 118.808 117.201 118.010 119.349 119.704 119.861 120.249 121.251
99-27+ 118.427 116.981 117.709 118.914 119.234 119.375 119.724 120.626
99-28 118.046 116.761 117.407 118.479 118.763 118.888 119.199 120.000
99-28+ 117.665 116.540 117.106 118.043 118.292 118.402 118.673 119.375
99-29 117.284 116.320 116.805 117.608 117.822 117.916 118.148 118.750
99-29+ 116.903 116.100 116.504 117.173 117.351 117.430 117.623 118.124
99-30 116.522 115.880 116.203 116.739 116.881 116.943 117.099 117.499
99-30+ 116.142 115.660 115.902 116.304 116.410 116.457 116.574 116.874
99-31 115.761 115.440 115.602 115.869 115.940 115.972 116.049 116.249
99-31+ 115.380 115.220 115.301 115.435 115.470 115.486 115.524 115.625
100-00 115.000 115.000 115.000 115.000 115.000 115.000 115.000 115.000
100-00+ 114.620 114.780 114.699 114.566 114.530 114.514 114.476 114.375
100-01 114.239 114.560 114.399 114.131 114.060 114.029 113.951 113.751
100-01+ 113.859 114.341 114.098 113.697 113.590 113.543 113.427 113.127
100-02 113.479 114.121 113.798 113.263 113.121 113.058 112.903 112.502
100-02+ 113.099 113.901 113.497 112.828 112.651 112.573 112.379 111.878
100-03 112.719 113.681 113.197 112.394 112.181 112.087 111.855 111.254
100-03+ 112.339 113.462 112.897 111.960 111.712 111.602 111.331 110.630
100-04 111.959 113.242 112.596 111.527 111.242 111.117 110.807 110.007
100-04+ 111.579 113.023 112.296 111.093 110.773 110.632 110.284 109.383
100-05 111.200 112.803 111.996 110.659 110.304 110.147 109.760 108.759
100-05+ 110.820 112.584 111.696 110.225 109.835 109.662 109.236 108.136
100-06 110.441 112.365 111.396 109.792 109.366 109.178 108.713 107.512
100-06+ 110.061 112.145 111.096 109.358 108.897 108.693 108.190 106.889
100-07 109.682 111.926 110.796 108.925 108.428 108.209 107.666 106.266
100-07+ 109.302 111.707 110.496 108.491 107.959 107.724 107.143 105.643
First Payment 3.122 4.872 3.122 3.206 3.206 3.289 3.289 2.706
Average Life 4.844 10.007 6.522 4.108 3.733 3.589 3.289 2.706
Last Payment 7.122 14.872 9.789 5.622 4.622 3.872 3.289 2.706
</TABLE>
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
- --------------------------------------------------------------------------------
- AMRESCO
- Cut Off Date of Tape is 4/30/98
- *Fixed Rate Collateral Group (06/01/97 Scheduled Balance)
- $286,694,300.72
- Mortgage Summary Report
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 3,458
Lien Status: First and Second Lien Loans
Aggregate Unpaid Principal Balance: $286,694,300.72
Aggregate Original Principal Balance: $288,081,757.00
Weighted Average Gross Coupon: 9.913%
Gross Coupon Range: 5.900% - 18.375%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $82,907.55
Average Original Principal Balance: $83,308.78
Maximum Unpaid Principal Balance: $523,514.12
Minimum Unpaid Principal Balance: $9,846.07
Maximum Original Principal Balance: $525,000.00
Minimum Original Principal Balance: $10,000.00
Weighted Avg. Stated Rem. Term (LPD to Mat Date): 318.531
Stated Rem Term Range: 115.000 - 359.000
Weighted Average Age (Original Term - Rem Term): 5.004
Age Range: 1.000 - 31.000
Weighted Average Original Term: 323.535
Original Term Range: 120.000 - 360.000
Weighted Average Original LTV: 72.424
Original LTV Range: 5.410% - 90.000%
Weighted Average Combined LTV: 73.493
Combined LTV Range: 8.400% - 90.000%
- --------------------------------------------------------------------------------
*Includes 5/25 arms along with fixed rate loans.
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
5.50% < Gross Coupon <= 6.00% 1 372,392.63 0.13
6.00% < Gross Coupon <= 6.50% 9 2,075,770.32 0.72
6.50% < Gross Coupon <= 7.00% 13 2,131,253.93 0.74
7.00% < Gross Coupon <= 7.50% 29 5,142,983.33 1.79
7.50% < Gross Coupon <= 7.75% 80 8,993,380.11 3.14
7.75% < Gross Coupon <= 8.00% 75 7,934,528.35 2.77
8.00% < Gross Coupon <= 8.25% 125 12,291,187.76 4.29
8.25% < Gross Coupon <= 8.50% 163 17,286,685.43 6.03
8.50% < Gross Coupon <= 8.75% 138 14,320,676.08 5.00
8.75% < Gross Coupon <= 9.00% 280 27,467,109.10 9.58
9.00% < Gross Coupon <= 9.25% 120 12,423,799.45 4.33
9.25% < Gross Coupon <= 9.50% 235 22,261,704.25 7.76
9.50% < Gross Coupon <= 9.75% 178 15,456,748.05 5.39
9.75% < Gross Coupon <= 10.00% 304 28,432,693.38 9.92
10.00% < Gross Coupon <= 10.25% 129 10,911,071.84 3.81
10.25% < Gross Coupon <= 10.50% 203 15,749,417.81 5.49
10.50% < Gross Coupon <= 10.75% 154 11,818,947.28 4.12
10.75% < Gross Coupon <= 11.00% 225 15,740,410.64 5.49
11.00% < Gross Coupon <= 11.25% 92 6,170,360.05 2.15
11.25% < Gross Coupon <= 11.50% 117 7,406,730.30 2.58
11.50% < Gross Coupon <= 11.75% 114 7,478,022.39 2.61
11.75% < Gross Coupon <= 12.00% 135 7,968,203.25 2.78
12.00% < Gross Coupon <= 12.25% 64 3,418,558.98 1.19
12.25% < Gross Coupon <= 12.50% 70 4,055,952.11 1.41
12.50% < Gross Coupon <= 12.75% 91 4,266,651.04 1.49
12.75% < Gross Coupon <= 13.00% 122 6,075,591.79 2.12
13.00% < Gross Coupon <= 13.25% 20 1,007,081.28 0.35
13.25% < Gross Coupon <= 13.50% 44 1,929,188.11 0.67
13.50% < Gross Coupon <= 13.75% 19 1,205,215.69 0.42
13.75% < Gross Coupon <= 14.00% 34 1,663,978.19 0.58
14.00% < Gross Coupon <= 14.25% 14 812,260.81 0.28
14.25% < Gross Coupon <= 14.50% 18 683,448.19 0.24
14.50% < Gross Coupon <= 14.75% 12 392,874.69 0.14
14.75% < Gross Coupon <= 15.00% 18 731,950.92 0.26
15.00% < Gross Coupon <= 15.25% 4 151,663.08 0.05
15.25% < Gross Coupon <= 15.50% 2 39,092.15 0.01
15.75% < Gross Coupon <= 16.00% 2 94,202.97 0.03
16.00% < Gross Coupon <= 16.25% 1 13,663.58 0.00
16.25% < Gross Coupon <= 16.50% 1 19,105.46 0.01
16.50% < Gross Coupon <= 16.75% 1 25,472.53 0.01
17.25% < Gross Coupon <= 17.50% 1 237,834.01 0.08
18.00% < Gross Coupon <= 18.50% 1 36,439.41 0.01
- --------------------------------------------------------------------------------
Total.......... 3458 $286,694,300.72 100.00%
================================================================================
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
108 < Orig. Term <= 120 12 274,400.58 0.10%
168 < Orig. Term <= 180 810 51,075,278.53 17.82%
228 < Orig. Term <= 240 162 9,957,023.12 3.47%
348 < Orig. Term <= 360 2,474 225,387,598.49 78.62%
- ----------------------------------------------------------------
Total............ 3,458 $286,694,300.72 100.00%
================================================================
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
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 12 274,400.58 0.10%
156 < Rem Term <= 168 4 184,314.17 0.06%
168 < Rem Term <= 180 806 50,890,964.36 17.75%
228 < Rem Term <= 240 162 9,957,023.12 3.47%
324 < Rem Term <= 336 6 614,843.70 0.21%
336 < Rem Term <= 348 7 1,289,490.54 0.45%
348 < Rem Term <= 360 2,461 223,483,264.25 77.95%
- -------------------------------------------------------------------
Total............ 3,458 $286,694,300.72 100.00%
===================================================================
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
0 < Age <= 12 3,444 284,940,543.63 99.39%
12 < Age <= 24 8 1,138,913.39 0.40%
24 < Age <= 36 6 614,843.70 0.21%
- ------------------------------------------------------------------
Total............ 3,458 $286,694,300.72 100.00%
===================================================================
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 1 35,580.03 0.01
10.000 < CLTV <= 15.000 4 116,744.32 0.04
15.000 < CLTV <= 20.000 13 665,116.58 0.23
20.000 < CLTV <= 25.000 6 260,016.19 0.09
25.000 < CLTV <= 30.000 35 1,917,755.41 0.67
30.000 < CLTV <= 35.000 50 2,570,011.01 0.90
35.000 < CLTV <= 40.000 69 3,715,869.18 1.30
40.000 < CLTV <= 45.000 70 4,324,341.12 1.51
45.000 < CLTV <= 50.000 118 8,477,620.37 2.96
50.000 < CLTV <= 55.000 113 7,715,690.37 2.69
55.000 < CLTV <= 60.000 193 13,192,811.54 4.60
60.000 < CLTV <= 65.000 298 19,510,931.85 6.81
65.000 < CLTV <= 70.000 375 30,911,171.74 10.78
70.000 < CLTV <= 75.000 535 44,028,992.92 15.36
75.000 < CLTV <= 80.000 794 72,618,159.91 25.33
80.000 < CLTV <= 85.000 488 46,884,663.07 16.35
85.000 < CLTV <= 90.000 296 29,748,825.11 10.38
- --------------------------------------------------------------------------
Total.................... 3,458 $286,694,300.72 100.00%
==========================================================================
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
5,000 < Balance <= 10,000 1 9,846.07 0.00
10,000 < Balance <= 15,000 22 308,931.96 0.11
15,000 < Balance <= 20,000 76 1,433,259.44 0.50
20,000 < Balance <= 25,000 122 2,801,362.62 0.98
25,000 < Balance <= 30,000 180 5,034,633.65 1.76
30,000 < Balance <= 35,000 190 6,213,410.97 2.17
35,000 < Balance <= 40,000 191 7,209,522.16 2.51
40,000 < Balance <= 45,000 193 8,288,596.00 2.89
45,000 < Balance <= 50,000 205 9,767,812.31 3.41
50,000 < Balance <= 55,000 198 10,429,565.80 3.64
55,000 < Balance <= 60,000 180 10,400,875.34 3.63
60,000 < Balance <= 65,000 156 9,806,471.09 3.42
65,000 < Balance <= 70,000 151 10,233,613.67 3.57
70,000 < Balance <= 75,000 152 11,011,202.01 3.84
75,000 < Balance <= 80,000 132 10,235,133.06 3.57
80,000 < Balance <= 85,000 120 9,932,913.54 3.46
85,000 < Balance <= 90,000 110 9,642,299.80 3.36
90,000 < Balance <= 95,000 81 7,522,342.36 2.62
95,000 < Balance <= 100,000 92 8,987,013.58 3.13
100,000 < Balance <= 105,000 88 9,050,285.22 3.16
105,000 < Balance <= 110,000 64 6,852,377.77 2.39
110,000 < Balance <= 115,000 67 7,516,803.81 2.62
115,000 < Balance <= 120,000 64 7,544,585.50 2.63
120,000 < Balance <= 125,000 44 5,395,710.54 1.88
125,000 < Balance <= 130,000 55 7,013,607.98 2.45
130,000 < Balance <= 135,000 33 4,366,129.95 1.52
135,000 < Balance <= 140,000 55 7,576,106.38 2.64
140,000 < Balance <= 145,000 30 4,288,033.52 1.50
145,000 < Balance <= 150,000 48 7,088,557.22 2.47
150,000 < Balance <= 200,000 189 32,544,697.97 11.35
200,000 < Balance <= 250,000 74 16,360,722.51 5.71
250,000 < Balance <= 300,000 36 9,949,318.29 3.47
300,000 < Balance <= 350,000 29 9,449,660.68 3.30
350,000 < Balance <= 400,000 16 5,987,238.90 2.09
400,000 < Balance <= 450,000 7 2,974,218.05 1.04
450,000 < Balance <= 500,000 4 1,904,734.26 0.66
500,000 < Balance <= 550,000 3 1,562,706.74 0.55
- -------------------------------------------------------------------------
Total.................... 3458 $286,694,300.72 100.00%
=========================================================================
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
Alaska 8 1,215,707.05 0.42
Alabama 20 1,293,834.59 0.45
Arkansas 39 1,773,858.80 0.62
Arizona 75 4,934,694.76 1.72
California 686 78,297,679.46 27.31
Colorado 81 7,223,035.64 2.52
Connecticut 26 3,114,161.63 1.09
Dist of Col 17 1,438,848.40 0.50
Delaware 5 452,948.24 0.16
Florida 281 19,062,544.04 6.65
Georgia 144 10,334,166.29 3.60
Hawaii 89 16,136,531.10 5.63
Iowa 18 1,010,359.36 0.35
Idaho 34 3,014,107.24 1.05
Illinois 94 6,098,632.10 2.13
Indiana 39 2,106,527.33 0.73
Kansas 11 739,392.11 0.26
Kentucky 7 361,417.43 0.13
Louisiana 71 3,783,899.16 1.32
Massachsetts 26 2,735,306.42 0.95
Maryland 114 7,946,218.12 2.77
Maine 5 269,910.37 0.09
Michigan 104 6,007,956.76 2.10
Minnesota 56 3,821,571.97 1.33
Missouri 78 3,856,418.49 1.35
Mississippi 62 3,212,590.46 1.12
Montana 8 480,401.95 0.17
North Carolina 46 2,530,911.85 0.88
North Dakota 4 166,008.19 0.06
Nebraska 7 435,305.96 0.15
New Hampshire 4 310,120.39 0.11
New Jersey 65 5,905,369.78 2.06
New Mexico 37 2,823,407.43 0.98
Nevada 32 3,236,153.73 1.13
New York 132 13,675,889.03 4.77
Ohio 146 8,622,840.42 3.01
Oklahoma 53 2,681,199.01 0.94
Oregon 67 6,692,870.82 2.33
Pennsylvania 156 10,336,655.75 3.61
Rhode Island 17 1,503,538.98 0.52
South Carolina 30 1,426,291.27 0.50
South Dakota 3 146,145.43 0.05
Tennessee 53 3,663,956.15 1.28
Texas 207 14,380,118.06 5.02
Utah 65 5,861,514.38 2.04
Virginia 33 2,998,853.34 1.05
Vermont 2 144,024.08 0.05
Washington 71 6,730,462.60 2.35
Wisconsin 18 817,029.59 0.28
West Virgina 8 481,955.50 0.17
Wyoming 4 400,959.71 0.14
- --------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
==========================================================================
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 3018 249,143,745.94 86.90
Manufactured Housing 32 1,702,129.40 0.59
PUD 58 5,991,869.74 2.09
Townhouses 7 444,682.97 0.16
Condominiums 108 8,036,212.71 2.80
2-4 Family 235 21,375,659.96 7.46
- -----------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
=============================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 3068 260,043,853.74 90.70
Non Owner Occ. 390 26,650,446.98 9.30
- ------------------------------------------------------------------------------
Total.................. 3458 $286,694,300.72 100.00%
==============================================================================
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 3320 281,203,854.92 98.08
2 138 5,490,445.80 1.92
- --------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 3263 269,990,152.39 94.17
Partially Amortizing 195 16,704,148.33 5.83
- -----------------------------------------------------------------------------
Total.................. 3458 $286,694,300.72 100.00%
=============================================================================
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
PAG CODE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 672 63,092,499.23 22.01
2 1660 148,984,957.08 51.97
3 615 46,541,352.20 16.23
4 198 11,007,481.01 3.84
5 313 17,068,011.20 5.95
- --------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LOAN TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
10 yr fxd 12 274,400.58 0.10
15 yr fxd 615 34,371,130.20 11.99
20 yr fxd 162 9,957,023.12 3.47
30 due 15 fxd 195 16,704,148.33 5.83
30 yr fxd 2471 225,234,402.29 78.56
5/25 arm 3 153,196.20 0.05
- ------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
========================================================================
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
ORIGINATOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
ORIGINATOR Loans Balance Balance
ALPHA MORTGAGE 4 225,404.00 0.08
ALTERNATIVE LEN 6 608,006.08 0.21
AMERICREDIT COR 3 300,149.17 0.10
AMERIQUEST 1 117,062.82 0.04
AMERIQUEST MTG 713 62,698,398.07 21.87
AMRESCO 632 49,955,966.26 17.42
ANCHOR MORTGAGE 1 237,834.01 0.08
ARMOR INVESTMEN 1 19,883.12 0.01
BAN-COR INC 2 146,340.78 0.05
BANKERS WHOLESA 3 157,377.29 0.05
BIRMINGHAM BANC 2 128,315.94 0.04
BUDGET FINANCE 1 46,878.39 0.02
C & G FINANCIAL 1 137,192.65 0.05
CAPITAL SEEKERS 2 55,744.32 0.02
CHAMPION CREDIT 5 579,180.13 0.20
CHASE MORTGAGE 4 156,021.49 0.05
CONCORD FUNDING 4 260,822.41 0.09
CONSOLIDATED MO 1 70,478.91 0.02
CONTINENTAL FUN 10 1,043,626.34 0.36
CORNERSTONE MOR 1 163,829.30 0.06
DFS FINANCIAL 14 1,184,151.73 0.41
DOERING MORTGAG 1 39,161.63 0.01
DOW GUARANTEE C 1 68,545.24 0.02
EDGE MORTGAGE S 3 170,581.91 0.06
EMPIRE MORTGAGE 5 333,125.13 0.12
EQUITY SECURED 7 454,287.08 0.16
EVEREST MORTGAG 4 356,404.08 0.12
FIRST AMERICAN 2 99,939.66 0.03
FIRST COLONY 2 333,182.97 0.12
FIRST NATIONAL 1 101,535.34 0.04
FOREMOST MORTGA 1 335,935.59 0.12
FRANKLIN MORTGA 1 136,624.58 0.05
FRONTIER INVEST 1 43,369.73 0.02
GATEWAY FINANCI 3 527,218.11 0.18
HOME MORTGAGE, 29 2,504,647.98 0.87
LONG BEACH MTG 7 1,135,935.20 0.40
MAGNA FUNDING C 1 163,943.72 0.06
MARATHON CAPITA 1 31,509.29 0.01
MEGO MORTGAGE A 21 1,433,175.43 0.50
MLSG INCORPORAT 2 189,245.49 0.07
MONEY MORTGAGE 30 1,785,061.24 0.62
MORTGAGE PLUS O 1 26,637.59 0.01
NATIONAL MORTGA 38 3,799,049.05 1.33
NEW CENTURY 883 73,291,230.24 25.56
PAN AMERCIAN BA 40 3,675,976.26 1.28
PAN AMERICAN 63 5,180,245.42 1.81
PARKWAY 13 1,196,212.82 0.42
PARKWAY MORTGAG 241 19,355,856.65 6.75
PEAK FINANCIAL 1 75,977.77 0.03
PENDING BROKER 1 45,285.66 0.02
PINNACLE FINANC 1 29,960.52 0.01
SAN DIEGO HOME 6 1,238,075.02 0.43
SMC LENDING INC 1 31,122.12 0.01
STANDARD FINANC 16 2,067,830.30 0.72
THE MORTGAGE CO 1 44,816.37 0.02
TIME DEPOSITS I 5 284,189.12 0.10
TITLE WEST 19 2,019,365.00 0.70
TOWN AND COUNTR 3 282,224.85 0.10
TRINITY MORTGAG 2 61,290.56 0.02
UNITED LENDING 51 4,407,045.60 1.54
US MORTGAGE INC 1 16,205.39 0.01
WALL STREET MOR 2 173,805.35 0.06
WEYERHAEUSER MO 535 40,855,806.45 14.25
- --------------------------------------------------------------------------
Total............... 3458 $286,694,300.72 100.00%
==========================================================================
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY PREPAYMENT PENALTY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
PREPAYMENT PENALTY Loans Balance Balance
No 1,099 $83,585,781.89 29.16
Yes 2,359 $203,108,518.83 70.84
- -----------------------------------------------------------------------
Total..... 3,458 $286,694,300.72 100.00%
=======================================================================
*************** ARMS INCLUDED IN FIXED GROUP ***************
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
02/01/03 2 $97,232.16 63.47
04/01/03 1 $55,964.04 36.53
- ------------------------------------------------------------------
Total........ 3 $153,196.20 100.00%
==================================================================
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
6.000 < Margin <= 6.500 1 44,485.23 29.04
6.500 < Margin <= 7.000 1 55,964.04 36.53
7.500 < Margin <= 8.000 1 52,746.93 34.43
- --------------------------------------------------------------------------
Total................. 3 $153,196.20 100.00%
==========================================================================
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
17.975 1 44,485.23 29.04
18.500 1 55,964.04 36.53
19.650 1 52,746.93 34.43
- -----------------------------------------------------------------------
Total................. 3 $ 153,196.20 100.00%
=======================================================================
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
LIFE FLOOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Life Floor Loans Balance Balance
10.975 1 44,485.23 29.04
11.500 1 55,964.04 36.53
12.650 1 52,746.93 34.43
- --------------------------------------------------------------------------
Total................. 3 $153,196.20 100.00%
==========================================================================
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
- --------------------------------------------------------------------------------
- AMRESCO
- Cut Off Date of Tape is 4/30/98
- Adjustable Rate Collateral (06/01/97 Scheduled Balance)
- $476,861,337.34
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 5,358
Lien Status: First Lien Loans
Index: 6 Month LIBOR
Aggregate Unpaid Principal Balance: $476,861,337.34
Aggregate Original Principal Balance: $478,909,876.00
- --------------------------------------------------------------------------------
Weighted Average Coupon (Gross): 9.837%
Gross Coupon Range: 6.259% - 16.500%
Weighted Average Margin (Gross): 5.698%
Gross Margin Range: 3.325% - 9.875%
Weighted Average Life Cap (Gross): 15.898%
Gross Life Cap Range: 12.259% - 23.130%
Weighted Average Life Floor (Gross): 9.813%
Gross Life Floor Range: 6.259% - 16.500%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $88,999.88
Average Original Principal Balance: $89,382.21
Maximum Unpaid Principal Balance: $724,125.24
Minimum Unpaid Principal Balance: $10,097.03
Maximum Original Principal Balance: $730,000.00
Minimum Original Principal Balance: $10,214.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 340.259
Stated Rem Term Range: 115.000 - 359.000
Weighted Average Age (First Pay thru Paid Thru): 5.721
Age Range: 1.000 - 30.000
Weighted Average Original Term: 345.980
Original Term Range: 120.000 - 360.000
Weighted Average Original LTV: 75.133
Original LTV Range: 9.000% - 90.000%
Weighted Average Periodic Interest Cap: 1.002%
Periodic Interest Cap Range: 1.000% - 1.500%
Weighted Average Months to Interest Roll: 6.284
Months to Interest Roll Range: 1 - 34
Weighted Average Interest Roll Frequency: 6.000
Interest Frequency Range: 6 - 6
Weighted Average Initial Interest Cap: 1.137
Initial Interest Cap Range: 1 - 3
- --------------------------------------------------------------------------------
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
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
6.00% < Gross Coupon <= 6.50% 2 205,235.44 0.04
6.50% < Gross Coupon <= 7.00% 68 6,841,704.57 1.43
7.00% < Gross Coupon <= 7.50% 106 11,986,214.91 2.51
7.50% < Gross Coupon <= 7.75% 41 5,349,425.42 1.12
7.75% < Gross Coupon <= 8.00% 185 21,907,839.46 4.59
8.00% < Gross Coupon <= 8.25% 69 9,569,223.71 2.01
8.25% < Gross Coupon <= 8.50% 189 20,866,371.22 4.38
8.50% < Gross Coupon <= 8.75% 137 15,854,768.19 3.32
8.75% < Gross Coupon <= 9.00% 321 35,486,611.79 7.44
9.00% < Gross Coupon <= 9.25% 121 12,595,615.30 2.64
9.25% < Gross Coupon <= 9.50% 240 22,062,135.32 4.63
9.50% < Gross Coupon <= 9.75% 320 34,692,602.98 7.28
9.75% < Gross Coupon <= 10.00% 1,023 94,581,067.43 19.83
10.00% < Gross Coupon <= 10.25% 341 29,848,776.59 6.26
10.25% < Gross Coupon <= 10.50% 828 65,126,571.83 13.66
10.50% < Gross Coupon <= 10.75% 166 12,826,595.11 2.69
10.75% < Gross Coupon <= 11.00% 469 32,872,703.50 6.89
11.00% < Gross Coupon <= 11.25% 60 4,953,395.09 1.04
11.25% < Gross Coupon <= 11.50% 146 9,356,088.15 1.96
11.50% < Gross Coupon <= 11.75% 56 3,329,600.92 0.70
11.75% < Gross Coupon <= 12.00% 147 9,094,517.61 1.91
12.00% < Gross Coupon <= 12.25% 22 1,161,512.63 0.24
12.25% < Gross Coupon <= 12.50% 63 3,594,180.74 0.75
12.50% < Gross Coupon <= 12.75% 64 3,540,958.55 0.74
12.75% < Gross Coupon <= 13.00% 69 3,699,390.41 0.78
13.00% < Gross Coupon <= 13.25% 15 737,390.84 0.15
13.25% < Gross Coupon <= 13.50% 19 1,132,424.10 0.24
13.50% < Gross Coupon <= 13.75% 12 453,272.27 0.10
13.75% < Gross Coupon <= 14.00% 25 1,233,145.40 0.26
14.00% < Gross Coupon <= 14.25% 2 136,835.91 0.03
14.25% < Gross Coupon <= 14.50% 14 827,960.79 0.17
14.50% < Gross Coupon <= 14.75% 2 94,119.31 0.02
14.75% < Gross Coupon <= 15.00% 8 424,081.29 0.09
15.25% < Gross Coupon <= 15.50% 4 181,037.87 0.04
15.50% < Gross Coupon <= 15.75% 1 59,353.77 0.01
16.00% < Gross Coupon <= 16.25% 2 121,644.87 0.03
16.25% < Gross Coupon <= 16.50% 1 56,964.05 0.01
- --------------------------------------------------------------------------------
Total.......... 5358 $476,861,337.34 100.00%
================================================================================
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 37,931.05 0.01%
168 < Orig. Term <= 180 493 23,884,668.30 5.01%
228 < Orig. Term <= 240 322 19,810,507.55 4.15%
348 < Orig. Term <= 360 4,542 433,128,230.44 90.83%
- ----------------------------------------------------------------
Total............ 5,358 $476,861,337.34 100.00%
================================================================
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
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 37,931.05 0.01%
168 < Rem Term <= 180 493 23,884,668.30 5.01%
228 < Rem Term <= 240 322 19,810,507.55 4.15%
324 < Rem Term <= 336 5 439,603.61 0.09%
336 < Rem Term <= 348 4 1,487,171.96 0.31%
348 < Rem Term <= 360 4,533 431,201,454.87 90.42%
- -------------------------------------------------------------------
Total............ 5,358 $476,861,337.34 100.00%
===================================================================
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
0 < Age <= 12 5,349 474,934,561.77 99.60%
12 < Age <= 24 5 1,572,699.94 0.33%
24 < Age <= 36 4 354,075.63 0.07%
- -------------------------------------------------------------------
Total............ 5,358 $476,861,337.34 100.00%
===================================================================
ORIGINAL LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
5.00 < LTV <= 10.00 3 65,879.79 0.01
10.00 < LTV <= 15.00 2 152,905.59 0.03
15.00 < LTV <= 20.00 6 207,377.93 0.04
20.00 < LTV <= 25.00 14 442,414.87 0.09
25.00 < LTV <= 30.00 18 713,728.48 0.15
30.00 < LTV <= 35.00 34 1,427,924.00 0.30
35.00 < LTV <= 40.00 46 2,192,657.64 0.46
40.00 < LTV <= 45.00 65 3,263,423.35 0.68
45.00 < LTV <= 50.00 76 4,450,139.10 0.93
50.00 < LTV <= 55.00 117 6,690,557.58 1.40
55.00 < LTV <= 60.00 308 18,748,038.32 3.93
60.00 < LTV <= 65.00 362 27,021,933.07 5.67
65.00 < LTV <= 70.00 641 48,943,169.29 10.26
70.00 < LTV <= 75.00 1198 104,455,474.79 21.90
75.00 < LTV <= 80.00 1862 190,619,342.96 39.97
80.00 < LTV <= 85.00 500 54,709,942.26 11.47
85.00 < LTV <= 90.00 106 12,756,428.32 2.68
- --------------------------------------------------------------------------
Total.................... 5358 $476,861,337.34 100.00%
==========================================================================
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
3.000 < Margin <= 3.500 5 415,912.52 0.09
3.500 < Margin <= 4.000 667 66,134,518.15 13.87
4.000 < Margin <= 4.500 613 54,955,223.80 11.52
4.500 < Margin <= 5.000 490 39,774,382.69 8.34
5.000 < Margin <= 5.500 338 30,992,964.38 6.50
5.500 < Margin <= 6.000 475 41,941,234.83 8.80
6.000 < Margin <= 6.500 525 45,439,983.30 9.53
6.500 < Margin <= 7.000 1,844 169,272,988.14 35.50
7.000 < Margin <= 7.500 328 23,083,204.86 4.84
7.500 < Margin <= 8.000 41 2,681,084.74 0.56
8.000 < Margin <= 8.500 15 1,159,367.59 0.24
8.500 < Margin <= 9.000 10 508,406.95 0.11
9.000 < Margin <= 9.500 5 349,176.66 0.07
9.500 < Margin <= 10.000 2 152,888.73 0.03
- --------------------------------------------------------------------------
Total................. 5,358 $476,861,337.34 100.00%
==========================================================================
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
12.000 < LIFE CAP <= 12.500 2 205,235.44 0.04
12.500 < LIFE CAP <= 13.000 70 7,198,888.08 1.51
13.000 < LIFE CAP <= 13.500 112 12,606,894.87 2.64
13.500 < LIFE CAP <= 14.000 234 27,825,273.44 5.84
14.000 < LIFE CAP <= 14.500 250 29,068,288.39 6.10
14.500 < LIFE CAP <= 15.000 429 46,057,217.67 9.66
15.000 < LIFE CAP <= 15.500 339 32,213,481.74 6.76
15.500 < LIFE CAP <= 16.000 1312 127,165,113.93 26.67
16.000 < LIFE CAP <= 16.500 1146 93,119,185.03 19.53
16.500 < LIFE CAP <= 17.000 636 47,782,852.94 10.02
17.000 < LIFE CAP <= 17.500 227 17,394,431.71 3.65
17.500 < LIFE CAP <= 18.000 233 15,671,037.48 3.29
18.000 < LIFE CAP <= 18.500 94 5,709,234.39 1.20
18.500 < LIFE CAP <= 19.000 135 7,485,838.16 1.57
19.000 < LIFE CAP <= 19.500 44 2,404,714.21 0.50
19.500 < LIFE CAP <= 20.000 45 2,234,296.24 0.47
20.000 < LIFE CAP <= 20.500 15 928,743.45 0.19
20.500 < LIFE CAP <= 21.000 15 743,351.77 0.16
21.000 < LIFE CAP <= 21.500 12 639,673.92 0.13
21.500 < LIFE CAP <= 22.000 5 228,975.56 0.05
22.000 < LIFE CAP <= 22.500 1 56,964.05 0.01
23.000 < LIFE CAP <= 23.500 2 121,644.87 0.03
- --------------------------------------------------------------------------
Total................. 5358 $476,861,337.34 100.00%
==========================================================================
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
LIFE FLOOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
6.000 < Life Floor <= 6.500 2 205,235.44 0.04
6.500 < Life Floor <= 7.000 71 7,408,006.58 1.55
7.000 < Life Floor <= 7.500 115 13,032,283.14 2.73
7.500 < Life Floor <= 8.000 236 28,032,529.95 5.88
8.000 < Life Floor <= 8.500 263 31,284,456.65 6.56
8.500 < Life Floor <= 9.000 471 52,366,456.68 10.98
9.000 < Life Floor <= 9.500 358 33,331,130.42 6.99
9.500 < Life Floor <= 10.000 1338 128,458,110.04 26.94
10.000 < Life Floor <= 10.500 1188 96,046,033.52 20.14
10.500 < Life Floor <= 11.000 623 45,076,477.96 9.45
11.000 < Life Floor <= 11.500 175 12,440,844.40 2.61
11.500 < Life Floor <= 12.000 197 11,818,197.92 2.48
12.000 < Life Floor <= 12.500 84 4,704,981.11 0.99
12.500 < Life Floor <= 13.000 133 7,240,348.96 1.52
13.000 < Life Floor <= 13.500 35 1,965,814.51 0.41
13.500 < Life Floor <= 14.000 37 1,686,417.67 0.35
14.000 < Life Floor <= 14.500 14 826,811.23 0.17
14.500 < Life Floor <= 15.000 10 518,200.60 0.11
15.000 < Life Floor <= 15.500 4 181,037.87 0.04
15.500 < Life Floor <= 16.000 1 59,353.77 0.01
16.000 < Life Floor <= 16.500 3 178,608.92 0.04
- --------------------------------------------------------------------------
Total................. 5358 $476,861,337.34 100.00%
==========================================================================
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
07/01/98 1779 $154,869,895.12 32.48
08/01/98 1 $134,128.23 00.03
09/01/98 3 $191,291.35 00.04
10/01/98 45 $3,457,854.77 00.73
11/01/98 1187 $101,432,201.36 21.27
12/01/98 1647 $140,743,705.81 29.51
04/01/99 1 $724,125.24 00.15
05/01/99 1 $596,660.15 00.13
07/01/99 2 $267,943.86 00.06
08/01/99 1 $111,661.04 00.02
09/01/99 6 $719,543.53 00.15
10/01/99 62 $6,853,218.52 01.44
11/01/99 123 $14,815,395.88 03.11
12/01/99 75 $7,949,260.70 01.67
01/01/00 120 $13,925,578.39 02.92
02/01/00 21 $1,700,868.03 00.36
03/01/00 11 $851,910.44 00.18
04/01/00 261 $25,437,409.09 05.33
05/01/00 1 $31,989.99 00.01
12/01/00 5 $947,660.31 00.20
01/01/01 3 $478,936.18 00.10
04/01/01 3 $620,099.35 00.13
- ------------------------------------------------------------------
Total........ 5358 $476,861,337.34 100.00%
==================================================================
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
ORIGINAL MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
10,000 < Balance <= 15,000 19 253,879.71 0.05
15,000 < Balance <= 20,000 67 1,241,503.53 0.26
20,000 < Balance <= 25,000 123 2,831,444.78 0.59
25,000 < Balance <= 30,000 201 5,607,832.66 1.18
30,000 < Balance <= 35,000 215 7,032,437.77 1.47
35,000 < Balance <= 40,000 258 9,709,090.34 2.04
40,000 < Balance <= 45,000 279 11,860,766.98 2.49
45,000 < Balance <= 50,000 252 11,957,861.33 2.51
50,000 < Balance <= 55,000 285 14,947,899.67 3.13
55,000 < Balance <= 60,000 317 18,206,902.06 3.82
60,000 < Balance <= 65,000 229 14,351,559.80 3.01
65,000 < Balance <= 70,000 236 15,875,138.11 3.33
70,000 < Balance <= 75,000 254 18,366,691.00 3.85
75,000 < Balance <= 80,000 220 17,050,999.50 3.58
80,000 < Balance <= 85,000 223 18,388,754.86 3.86
85,000 < Balance <= 90,000 188 16,478,196.21 3.46
90,000 < Balance <= 95,000 153 14,177,160.03 2.97
95,000 < Balance <= 100,000 214 20,818,375.61 4.37
100,000 < Balance <= 105,000 147 15,050,559.32 3.16
105,000 < Balance <= 110,000 123 13,237,620.30 2.78
110,000 < Balance <= 115,000 125 14,011,243.58 2.94
115,000 < Balance <= 120,000 131 15,396,652.24 3.23
120,000 < Balance <= 125,000 73 8,931,431.40 1.87
125,000 < Balance <= 130,000 87 11,076,691.24 2.32
130,000 < Balance <= 135,000 83 10,979,449.22 2.30
135,000 < Balance <= 140,000 92 12,628,212.27 2.65
140,000 < Balance <= 145,000 74 10,521,685.91 2.21
145,000 < Balance <= 150,000 57 8,387,304.71 1.76
150,000 < Balance <= 200,000 367 63,002,513.22 13.21
200,000 < Balance <= 250,000 129 28,934,396.64 6.07
250,000 < Balance <= 300,000 64 17,331,107.28 3.63
300,000 < Balance <= 350,000 29 9,422,886.65 1.98
350,000 < Balance <= 400,000 21 7,868,293.49 1.65
400,000 < Balance <= 450,000 11 4,748,874.86 1.00
450,000 < Balance <= 500,000 8 3,845,057.07 0.81
500,000 < Balance <= 550,000 2 1,010,078.60 0.21
550,000 < Balance <= 600,000 1 596,660.15 0.13
700,000 < Balance <= 750,000 1 724,125.24 0.15
- -----------------------------------------------------------------------------
Total.................... 5358 $476,861,337.34 100.00%
=============================================================================
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
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
10,000 < Balance <= 15,000 20 267,954.53 0.06
15,000 < Balance <= 20,000 67 1,247,146.65 0.26
20,000 < Balance <= 25,000 123 2,836,255.34 0.59
25,000 < Balance <= 30,000 203 5,673,136.17 1.19
30,000 < Balance <= 35,000 220 7,220,965.33 1.51
35,000 < Balance <= 40,000 254 9,590,107.83 2.01
40,000 < Balance <= 45,000 283 12,056,101.91 2.53
45,000 < Balance <= 50,000 251 11,951,959.13 2.51
50,000 < Balance <= 55,000 291 15,303,968.25 3.21
55,000 < Balance <= 60,000 312 17,965,691.55 3.77
60,000 < Balance <= 65,000 228 14,329,124.26 3.00
65,000 < Balance <= 70,000 238 16,060,333.29 3.37
70,000 < Balance <= 75,000 258 18,710,822.50 3.92
75,000 < Balance <= 80,000 210 16,317,982.23 3.42
80,000 < Balance <= 85,000 222 18,321,008.40 3.84
85,000 < Balance <= 90,000 189 16,575,052.94 3.48
90,000 < Balance <= 95,000 162 15,039,331.46 3.15
95,000 < Balance <= 100,000 205 19,984,276.43 4.19
100,000 < Balance <= 105,000 148 15,174,964.33 3.18
105,000 < Balance <= 110,000 123 13,257,224.30 2.78
110,000 < Balance <= 115,000 128 14,374,018.33 3.01
115,000 < Balance <= 120,000 128 15,073,167.58 3.16
120,000 < Balance <= 125,000 76 9,323,146.07 1.96
125,000 < Balance <= 130,000 86 10,985,323.44 2.30
130,000 < Balance <= 135,000 81 10,738,242.13 2.25
135,000 < Balance <= 140,000 95 13,066,472.19 2.74
140,000 < Balance <= 145,000 71 10,125,443.30 2.12
145,000 < Balance <= 150,000 57 8,407,375.32 1.76
150,000 < Balance <= 200,000 364 62,603,131.07 13.13
200,000 < Balance <= 250,000 129 28,977,325.68 6.08
250,000 < Balance <= 300,000 63 17,088,309.34 3.58
300,000 < Balance <= 350,000 31 10,119,122.90 2.12
350,000 < Balance <= 400,000 19 7,172,057.24 1.50
400,000 < Balance <= 450,000 11 4,748,874.86 1.00
450,000 < Balance <= 500,000 8 3,845,057.07 0.81
500,000 < Balance <= 550,000 2 1,010,078.60 0.21
550,000 < Balance <= 600,000 1 596,660.15 0.13
700,000 < Balance <= 750,000 1 724,125.24 0.15
- --------------------------------------------------------------------------
Total.................... 5358 $476,861,337.34 100.00%
==========================================================================
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
Alabama 83 4,939,131.01 1.04
Arkansas 14 814,864.38 0.17
Arizona 117 8,199,608.24 1.72
California 843 114,493,429.42 24.01
Colorado 184 18,475,761.20 3.87
Connecticut 57 7,231,668.35 1.52
Dist of Col 12 1,195,723.87 0.25
Delaware 36 2,817,941.87 0.59
Florida 393 29,161,605.58 6.12
Georgia 63 5,049,943.75 1.06
Hawaii 15 2,680,001.38 0.56
Iowa 42 1,935,894.19 0.41
Idaho 35 2,766,767.53 0.58
Illinois 320 28,631,071.18 6.00
Indiana 106 6,181,267.69 1.30
Kansas 40 1,998,054.43 0.42
Kentucky 36 1,880,706.40 0.39
Louisiana 23 1,283,245.54 0.27
Massachsetts 125 13,677,190.46 2.87
Maryland 85 7,626,306.21 1.60
Maine 11 639,131.37 0.13
Michigan 271 18,698,068.44 3.92
Minnesota 250 21,928,984.17 4.60
Missouri 157 9,493,197.07 1.99
Mississippi 18 1,094,888.39 0.23
Montana 2 73,758.66 0.02
North Carolina 91 6,478,276.30 1.36
North Dakota 1 34,382.69 0.01
Nebraska 9 524,526.33 0.11
New Hampshire 9 794,180.47 0.17
New Jersey 157 17,279,627.83 3.62
New Mexico 51 4,166,294.88 0.87
Nevada 34 3,230,807.78 0.68
New York 237 19,739,419.07 4.14
Ohio 271 17,694,351.76 3.71
Oklahoma 88 4,415,830.94 0.93
Oregon 130 12,531,305.21 2.63
Pennsylvania 286 18,234,926.80 3.82
Rhode Island 63 6,091,670.88 1.28
South Carolina 13 819,095.82 0.17
South Dakota 7 331,213.91 0.07
Tennessee 105 7,369,943.16 1.55
Texas 63 4,933,948.42 1.03
Utah 135 15,330,808.36 3.21
Virginia 15 1,788,670.47 0.38
Vermont 1 87,722.67 0.02
Washington 166 15,465,176.25 3.24
Wisconsin 57 4,483,805.48 0.94
West Virgina 11 705,604.06 0.15
Wyoming 20 1,361,537.02 0.29
- --------------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
==========================================================================
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 4672 418,688,788.13 87.80
Manufactured Housing 99 5,393,394.60 1.13
PUD 53 6,089,274.00 1.28
Townhouses 36 2,940,010.45 0.62
Condominiums 157 13,696,027.09 2.87
2-4 Family 341 30,053,843.07 6.30
- --------------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 4802 439,601,810.68 92.19
Non Owner Occ. 556 37,259,526.66 7.81
- ----------------------------------------------------------------------------
Total.................. 5358 $476,861,337.34 100.00%
============================================================================
LOAN SUMMARY STRATIFIED BY
PRODUCT TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
2/28 arm 689 74,389,681.97 15.60
3/27 arm 11 2,046,695.84 0.43
6 mo libor 4658 400,424,959.53 83.97
- --------------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
==========================================================================
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 5358 476,861,337.34 100.00
- --------------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
==========================================================================
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
PAG CODE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 1202 117,400,796.29 24.62
2 1871 173,990,886.57 36.49
3 1240 107,116,835.70 22.46
4 101 7,524,631.27 1.58
5 944 70,828,187.51 14.85
- -----------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
=======================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINATOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
ORIGINATOR Loans Balance Balance
ADMIRAL MORTGAG 1 154,912.03 0.03
ALTERNATIVE LEN 37 4,596,577.66 0.96
AMERICAN LENDIN 2 144,848.44 0.03
AMERICREDIT COR 7 894,010.79 0.19
AMERIQUEST MTG 4692 406,164,432.02 85.17
AMERISOUTH MORT 1 143,041.16 0.03
AMRESCO 285 27,334,596.63 5.73
BANKERS WHOLESA 1 137,467.77 0.03
BAYSHORE MORTGA 10 372,007.52 0.08
CHASE MORTGAGE 1 151,766.82 0.03
DOERING MORTGAG 2 85,247.65 0.02
EDGE MORTGAGE S 16 966,965.48 0.20
EQUITY SECURED 28 2,809,234.99 0.59
EVEREST MORTGAG 32 4,263,649.33 0.89
FEDERAL FUNDER 1 56,725.82 0.01
FIRST AMERICAN 1 94,796.52 0.02
GATEWAY FINANCI 2 272,066.20 0.06
GREAT NORTHERN 2 150,473.16 0.03
HERNANDEZ INVES 1 99,235.91 0.02
HOME MORTGAGE, 2 114,694.16 0.02
LONG BEACH MTG 7 1,760,389.00 0.37
MEGO MORTGAGE A 4 301,899.76 0.06
MINNESOTA FUNDI 1 88,296.41 0.02
MLSG INCORPORAT 6 892,692.59 0.19
MONEY MORTGAGE 1 124,893.06 0.03
MORTGAGE PLUS O 4 295,990.13 0.06
NATIONAL MORTGA 124 14,850,509.38 3.11
OAKMONT MORTGAG 11 1,590,604.89 0.33
PARAGON LENDING 1 53,182.14 0.01
PARKWAY MORTGAG 56 5,986,132.34 1.26
PENDING BROKER 2 128,360.52 0.03
QUALITY 2 166,386.57 0.03
STANDARD FINANC 11 1,263,103.30 0.26
T C R M ADVISOR 1 94,064.89 0.02
WEYERHAEUSER MO 3 258,082.30 0.05
- --------------------------------------------------------------------------
Total............... 5358 $476,861,337.34 100.00%
==========================================================================
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY PREPAYMENT PENALTY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
PREPAYMENT PENALTY Loans Balance Balance
No 2,318 $213,580,604.07 44.79
Yes 3,040 $263,280,733.27 55.21
- ----------------------------------------------------------------------
Total..... 5,358 $476,861,337.34 100.00%
======================================================================
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 5358 476,861,337.34 100.00
- --------------------------------------------------------------------------
Total.................. 5358 $476,861,337.34 100.00%
==========================================================================
This information has been prepared in connection with the issuance of securities
representing interests in the above trust, and is based in part on information
provided by AMRESCO Residential Securities Corporation with respect to the
expected characteristics of the pool of closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage loans will differ
from the assumptions used in preparing these materials, which are hypothetical
in nature. Changes in the assumptions may have a material impact on the
information set forth in these materials. No representation is made that any
performance or return indicated herein will be achieved. For example, it is very
unlikely that closed-end mortgage loans will prepay at a constant rate or follow
a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. NO REPRESENTATION IS MADE AS TO
THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE MATERIALS OR
THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is available
upon request. These materials do not constitute an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the closed-end mortgage loans contained herein,
shall be deemed superseded, amended and supplemented in their entirety by such
Prospectus and Prospectus Supplement. To Our Readers Worldwide: In addition,
please note that this information has been provided by Morgan Stanley & Co.
Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
