AMRESCO RES SC CORP AMR RS SE CP MT LN TR 1996-2
8-K/A, 1996-06-06
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<PAGE>

                                
               SECURITIES AND EXCHANGE COMMISSION
                                
                     Washington, D.C.  20549
                                
                            FORM 8-K/A
                          AMENDMENT NO. 1
                                
                         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 10, 1996
                                
                                
                                
 AMRESCO Residential Securities Corporation Mortgage Loan Trust
                             1996-2
     (Exact name of registrant as specified in its charter)
                                
                                
                                                APPLICATION
          Delaware              33-99346          PENDING
(State or Other Jurisdiction   (Commission    (I.R.S. Employer
      of Incorporation)       File Number)  Identification No.)
                                                      
  c/o Bankers Trust Company                           
     of California, N.A.                              
  3 Park Plaza, 16th Floor                            
     Irvine, California                            92714
    (Address of Principal                        (Zip Code)
     Executive Offices)
                                
                                
Registrant's telephone number, including area code (909) 605-7600
                                
                          No Change
  (Former name or former address, if changed since last report)


                           Page 1

<PAGE>

NOTE: The Form 8-K submitted by AMRESCO Residential Securities Corporation 
Mortgage Loan Trust 1996-2 for the Period April 26, 1996 is hereby amended to 
adjust the Period Date to May 10, 1996, and to include the attachment to 
Exhibit 10.2 which was omitted from the filing on May 28, 1996.
                                
Item 2.   Acquisition or Disposition of Assets


Description of the Conveyance of Subsequent Mortgage Loans.

     On May 10, 1996, the Trust acquired approximately $43,667,102.83 of 
Subsequent Mortgage Loans pursuant to the terms of the Pooling and Servicing 
Agreement among AMRESCO Residential Securities Corporation, in its capacity  
as Depositor, AMRESCO Residential Mortgage Corporation, in its capacity as 
the Seller, Long Beach Mortgage Company and Option One Mortgage Corporation 
as servicers and Bankers Trust Company of California, N.A., in its capacity 
as the trustee (the "Trustee") and a Subsequent Transfer  Agreement among the 
Depositor, the Seller and AMRESCO Residential Securities Corporation Mortgage 
Loan Trust 1996-2 as the Purchaser, dated as of May 10, 1996.  The Subsequent 
Mortgage Loans possess the  characteristics required by the Prospectus 
Supplement.   The schedule of such Subsequent Mortgage Loans is attached to 
the Subsequent Transfer Agreement.  This Current Report on Form 8-K is being 
filed to satisfy an undertaking to file copies of certain agreements executed 
in connection with the issuance of the Certificates.

                              Page 2 

<PAGE>

Item 7.   Financial  Statements, Pro Forma Financial  Information
          and Exhibits.

(a)  Not applicable

(b)  Not applicable

(c)  Exhibits:

     10.2 Subsequent Transfer Agreement dated as of May 10, 1996 among 
AMRESCO Residential Securities Corporation, as Depositor, AMRESCO Residential 
Mortgage Corporation, as Seller and AMRESCO Residential Securities 
Corporation Mortgage Loan Trust 1996-2 as the Purchaser (Mortgage Loan 
Schedule Attached).

                                     Page 3
 
<PAGE>

                                 EXHIBIT INDEX

 Exhibit   Description                                                Page
   No.                                                                 No.
  10.2     Subsequent Transfer Agreement dated as of    
           May 10, 1996 among AMRESCO Residential
           Securities Corporation, as Depositor,
           AMRESCO Residential Mortgage Corporation,
           as Seller and AMRESCO Residential
           Securities Corporation Mortgage Loan Trust
           1996-2 as the Purchaser (Mortgage Loan
           Schedule Attached).
                                                        
                                     Page 4
<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.

                               By:    AMRESCO  Residential Securities
                                      Corporation, as Company


                               By:     /s/ Ronald B. Kirkland
                               Name:   Ronald B. Kirkland
                               Title:  Chief Financial Officer and
                                       Chief Accounting Officer


Dated:  June 6, 1996



                            Page 5

<PAGE>

                SUBSEQUENT TRANSFER AGREEMENT

     AMRESCO Residential Securities Corporation (the "Depositor"),  
AMRESCO  Residential  Mortgage  Corporation (the "Seller"), and AMRESCO  
Residential Securities Corporation Mortgage Loan Trust 1996-2 (the 
"Purchaser") pursuant to the Pooling and Servicing Agreement dated as of 
April 1, 1996 among the Depositor, the Seller, Long Beach Mortgage Company 
and Option One Mortgage Corporation, as Servicer and Bankers Trust Company of 
California, N.A., as Trustee (the "Pooling and Servicing Agreement"), hereby 
confirm their understanding with  respect to the sale by the Seller and the 
purchase by the Depositor and the sale by the Depositor and the purchase by 
the Purchaser of those Mortgage Loans (the "Subsequent Mortgage Loans") 
listed on the attached Schedule of Mortgage Loans.

     Conveyance of Subsequent Mortgage Loans.  As of May 10, 1996 (the   
"Subsequent Transfer Date"), the Seller does hereby irrevocably  transfer, 
assign, set over and otherwise convey to the Depositor and the Depositor does 
hereby irrevocably transfer, assign, set over and otherwise convey to the 
Purchaser, without recourse (except as otherwise explicitly provided for 
herein) all right, title and interest in and to any and all benefits accruing 
from the Subsequent Mortgage Loans (other than any principal received and 
interest payments received thereon on or prior to April 1, 1996 whether or 
not received) (such date, the "Subsequent Cut-Off Date") which are delivered 
to the Trustee herewith (and all substitutions therefor as provided by 
Sections 3.04, 3.05 and 3.06 of the Pooling and Servicing Agreement), 
together with the related Subsequent Mortgage Loan documents and the  
interest in any Property which secured a Subsequent Mortgage Loan but which 
has been acquired by foreclosure or deed in lieu of foreclosure, and all 
payments thereon and proceeds of the conversion, voluntary or involuntary, of 
the foregoing; and proceeds of all the foregoing (including, but not by way 
of limitation, all proceeds of any mortgage insurance, hazard insurance  
and title insurance policy relating to the Subsequent Mortgage Loans, cash 
proceeds, accounts, accounts receivable, notes, drafts, acceptances,
chattel paper, checks, deposit accounts, rights to payment of any and 
every kind, and other forms of obligations and receivables which at any 
time constitute all or part of or are included in the proceeds of any of 
the foregoing).  The Seller shall deliver the original Mortgage or mortgage 
assignment with evidence of recording thereon (except as otherwise provided 
by the Pooling and Servicing Agreement) and other required documentation in 
accordance with the terms set forth in Sections 3.05 and 3.07 of the Pooling  
and Servicing Agreement.

     The costs relating to the delivery of the documents specified  in this 
Subsequent Transfer Agreement and the Pooling and Servicing Agreement shall 
be borne by the Seller.

     The Seller hereby affirms the representations and warranties set forth 
in the Pooling and Servicing Agreement that relate to the Seller and the 
Subsequent Mortgage Loans as of the date hereof.  The Seller hereby delivers 
notice and confirms that each of the conditions set forth in Section 3.07(b) 
and 3.07(c) to the Pooling and Servicing Agreement are satisfied as of the  
date hereof.

<PAGE>

     Pursuant to Section 3.07(a) of the Pooling and Servicing Agreement, the 
Seller hereby instructs the Trustee to release one-hundred percent of the 
aggregate principal balances of the Subsequent Mortgage Loans so transferred 
from the Pre-Funding Account, $43,667,102.83, pursuant to this Subsequent 
Transfer Agreement.

     All terms and conditions of the Pooling and Servicing Agreement are 
hereby ratified, confirmed and incorporated herein, provided that in the 
event of any conflict the provisions of this Subsequent Transfer Agreement 
shall control over the conflicting provisions of the Pooling and Servicing 
Agreement.

     Terms capitalized herein and not defined herein shall have their 
respective meanings as set forth in the Pooling and Servicing Agreement.

                          AMRESCO RESIDENTIAL SECURITIES CORPORATION
                          as Depositor

                          By:
                              Name:
                              Title:


                          AMRESCO RESIDENTIAL MORTGAGE CORPORATION
                          as Seller
 
                          By:
                              Name:
                              Title:

                          AMRESCO RESIDENTIAL SECURITIES CORPORATION 
                          LOAN TRUST  1996-2,
                          by Bankers Trust Company of California,
                          N.A. as Trustee


                          By:
                              Name:
                              Title:

Dated:  May 10, 1996

<PAGE>

<TABLE>
<CAPTION>

 Loan                     Current         Note                        Close                Paid     Appraisal      Zip    Original  
Number   Last Name        Balance         Rate       Margin    LTV     Date      State    to Date     Amount       Code  Loan Amount
- -------  -------------   -----------    -------     -------   -----   -------    -----    -------   ----------    -----  -----------
<S>      <C>             <C>            <C>         <C>       <C>     <C>        <C>      <C>       <C>           <C>    <C>        
2093979  FERGUSON              55250     13.350      8.250      65    3/13/96      IL      4/1/96        85000    60651        55250
2096428  MONTOUR               58500     12.000      7.125      75    3/29/96      CO      4/1/96        78000    80211        58500
2097186  BROWN             107973.87     12.750      6.500      80    2/14/96      MI      4/1/96       135000    48116       108000
2101913  ARELLANO JR       149932.75      9.990      5.750      75    3/15/96      CA      4/1/96       200000    95051       150000
2103554  BATEMAN            17958.29     14.000      7.250      60    2/20/96      OH      4/1/96        30000    43211        18000
2104990  GIL                  112500      8.500      4.990      75    3/25/96      CA      4/1/96       150000    95614       112500
2167294  KENDRICK              90000      7.750      7.250      54    3/27/96      OR      4/1/96       166000    97055        90000
2087328  WILLIAMS             156000     11.250      7.250      65    3/26/96      OH      4/1/96       240000    44124       156000
2090090  LIEBERMAN             48800     10.333      4.865      80    3/30/96      OH      4/1/96        61000    45255        48800
2090231  WILLIS               155250     10.750      5.200      75    3/29/96      CA      4/1/96       207000    94706       155250
2091858  CRITCHFIELD        33988.83     11.375      6.375      52    2/29/96      OR      4/1/96        65000    97218        34000
2092120  SCOTT               40654.3     13.250      8.000      60    1/31/96      AL      4/1/96        68000    36617        40800
1933712  DESIMONE              55000     13.250      7.250      22    3/29/96      PA      4/1/96       250000    19025        55000
2012433  OLSON              92846.79      6.990      5.990      78    1/31/96      CA      4/1/96       120000    91767        93000
1971043  PEILET               416000     10.250      6.250      80    3/25/96      IL      4/1/96       530000    60047       416000
1988211  PAYNE                 39600     13.490      7.000      57    3/11/96      NM      4/1/96        69000    88310        39600
2016426  KURTZ              87391.91     10.375      6.375      70    12/30/95     CA      4/1/96       275000    91423        87500
2123693  ALE                   52000     10.500      6.375      80    3/13/96      IL      4/1/96        65000    60609        52000
2125623  DAVIES               104000      8.990      6.000      80    3/28/96      AZ      4/1/96       130000    85935       104000
2137776  JENSEN                25200     10.990      5.625      40    3/30/96      UT      4/1/96        63000    84331        25200
2140820  LUEHRS                66750     10.750      6.500      75    3/29/96      OH      4/1/96        89000    45223        66750
2147593  CARR                  82500      8.625      5.375      75    3/25/96      CA      4/1/96       110000    95973        82500
2048890  ALBERT                90000      7.990      4.750      75    3/12/96      PA      4/1/96       120000    18834        90000
2098101  YOUKER                87920     10.875      6.375      79    3/26/96      IL      4/1/96       112000    60187        87920
2106839  SUAREZ                74750     13.990      7.250      65    3/29/96      CA      4/1/96       115000    91789        74750
2112167  AMONDSON             200000      9.750      6.250      74    3/15/96      MN      4/1/96       270000    55446       200000
2121580  WESTBY            265469.36      9.500      4.990      80    3/12/96      CA      4/1/96       332000    93950       265600
2126472  JACKSON               93000     13.000      7.250      74    3/29/96      PA      4/1/96       125000    16102        93000
2131563  AMBRIZ             20242.77     10.990      7.000      75    3/13/96      NV      4/1/96        27000    89030        20250
2131910  PHILLIPS              75000     11.500      6.500      44    3/19/96      CA      4/1/96       170000    95461        75000
2132942  MEYER                 45500     13.250      6.750      70    3/15/96      MN      4/1/96        65000    56637        45500
2158749  GULLO                217500     10.250      5.000      75    3/30/96      IL      4/1/96       290000    62670       217500
2132264  VAN BURKLEO       297016.22      8.400      5.500      80    2/28/96      CA      4/1/96       371500    93012       297200
2132439  ANDERSON           58790.43     14.490      7.250      70    2/29/96      LA      4/1/96        84000    70115        58800
2132652  PAYTON                37500     10.750      6.375      75    3/15/96      IL      4/1/96        50000    60644        37500


<CAPTION>

 Loan                   Amortization     Credit      Due     6/1 Scheduled 
Number   Last Name          Term        Category     Date       Balance    
- -------  -------------  ------------    --------    ------   ------------- 
<S>      <C>            <C>             <C>         <C>      <C>           
2093979  FERGUSON                360    C-          5/1/96        55238.33 
2096428  MONTOUR                 360    C           5/1/96        58483.26 
2097186  BROWN                   360    C-          5/1/96        107768.5 
2101913  ARELLANO JR             360    A-          5/1/96        149865.7 
2103554  BATEMAN                 180    C           5/1/96        17928.08 
2104990  GIL                     360    A-          5/1/96        112431.9 
2167294  KENDRICK                360    B+          5/1/96        89936.48 
2087328  WILLIAMS                360    B-          5/1/96        155947.3 
2090090  LIEBERMAN               360    C           5/1/96         48779.9 
2090231  WILLIS                  360    A-          5/1/96        155191.6 
2091858  CRITCHFIELD             360    C           5/1/96        33977.56 
2092120  SCOTT                   180    C-          5/1/96        40580.24 
1933712  DESIMONE                360    C           5/1/96        54988.11 
2012433  OLSON                   360    A-          5/1/96        92769.51 
1971043  PEILET                  360    B           5/1/96        415825.6 
1988211  PAYNE                   360    C           5/1/96        39591.89 
2016426  KURTZ                   360    B           5/1/96        87355.26 
2123693  ALE                     360    A-          5/1/96        51979.34 
2125623  DAVIES                  360    A-          5/1/96        103943.1 
2137776  JENSEN                  360    C-          5/1/96        25190.99 
2140820  LUEHRS                  360    C           5/1/96        66724.87 
2147593  CARR                    360    A-          5/1/96        82451.29 
2048890  ALBERT                  360    B+          5/1/96        89939.49 
2098101  YOUKER                  360    A-          5/1/96        87886.78 
2106839  SUAREZ                  360    C-          5/1/96        74736.35 
2112167  AMONDSON                360    C           5/1/96        199906.7 
2121580  WESTBY                  360    A-          5/1/96        265337.7 
2126472  JACKSON                 360    B           5/1/96        92978.73 
2131563  AMBRIZ                  360    C           5/1/96        20235.32 
2131910  PHILLIPS                360    C-          5/1/96        74976.03 
2132942  MEYER                   360    B-          5/1/96        45490.17 
2158749  GULLO                   360    B+          5/1/96        217408.8 
2132264  VAN BURKLEO             360    B+          5/1/96        296831.2 
2132439  ANDERSON                360    B-          5/1/96        58780.74 
2132652  PAYTON                  360    C           5/1/96        37485.88 


                                    Page 1

<PAGE>

<CAPTION>

 Loan                     Current         Note                        Close                Paid     Appraisal      Zip    Original  
Number   Last Name        Balance         Rate       Margin    LTV     Date      State    to Date     Amount       Code  Loan Amount
- -------  -------------   -----------    -------     -------   -----   -------    -----    -------   ----------    -----  -----------
<S>      <C>             <C>            <C>         <C>       <C>     <C>        <C>      <C>       <C>           <C>    <C>        
2134153  HALL                  28500     11.990      6.000      75    3/29/96      MO      4/1/96        38000    63115        28500
2139350  JOHNSON               30400      9.990      6.250      80    3/19/96      MO      4/1/96        38000    64128        30400
2143964  YOUNG               55226.2     10.125      6.125      64    3/13/96      IL      4/1/96        87000    60103        55250
2158673  CORDELL               45000     10.000      6.750      60    3/29/96      IL      4/1/96        75000    60004        45000
1826700  UDESKY               296250     11.750      7.250      75    3/29/96      IL      4/1/96       395000    60062       296250
2033686  WESTER               292000      9.875      7.125      80    3/28/96      MI      4/1/96       365000    48169       292000
2037505  BEREC                236250     10.870      6.875      75    3/15/96      FL      4/1/96       316000    33962       236250
2043925  BROWN              93954.97      9.625      6.375      80    2/27/96      UT      4/1/96       117500    84093        94000
2149094  KIRKPATRICK        29144.68     13.990      7.125      55    2/29/96      OH      4/1/96        53000    44095        29150
2149235  WILSON                27750     10.500      5.185      75    3/25/96      OH      4/1/96        37000    44483        27750
2045151  SWAN              137258.52      6.990      5.990      79    12/30/95     CA      4/1/96       175000    94605       137600
2045300  HANNA              86961.44      9.990      5.000      75    3/15/96      WA      4/1/96       116000    98321        87000
2045953  LEGASPI              102000     10.500      6.500      75    3/29/96      WA      4/1/96       136000    98513       102000
2051050  VINCENT               60000      9.750      6.000      80    3/14/96      CO      4/1/96        75000    80403        60000
2076404  LOGAN SR              49500     12.675      7.250      75    3/21/96      OH      4/1/96        66000    43205        49500
2082071  BRADLEY               61400     12.500      7.000      61    3/29/96      UT      4/1/96       100500    84119        61400
2082709  RUSHING               45050      8.250      4.677      85    3/30/96      CO      4/1/96        53000    81001        45050
2083087  MOORE  JR             48000      8.530      7.250      80    3/29/96      GA      4/1/96        60000    30032        48000
2084085  MARTIN            123942.15      9.750      5.000      79    2/29/96      CA      4/1/96       156000    94602       124000
2105591  AHMAD              88860.59      9.990      7.250      70    3/14/96      OR      4/1/96       128000    97233        88900
2106490  RUBOW                 29250     10.990      7.000      75    3/11/96      UT      4/1/96        39000    84526        29250
2107464  KIDD               14996.12     13.450      6.250      58    2/22/96      MI      4/1/96        26000    48212        15000
2107936  JOHNSON           119965.59     11.990      7.250      68    2/16/96      UT      4/1/96       176000    84414       120000
2108124  STAHL                 41600     11.250      6.500      65    3/22/96      PA      4/1/96        64500    16052        41600
2109502  GREENE               141375     14.250      7.000      75    3/11/96      MI      4/1/96       188500    48098       141375
2112670  DETERS                90000     10.500      6.500      75    3/20/96      IA      4/1/96       120000    52728        90000
2113405  OLSON              79268.49     10.500      6.500      65    2/29/96      MI      4/1/96       122000    48002        79300
2113512  KANE                  57750      7.990      5.990      68    3/13/96      FL      4/1/96        85000    32224        57750
2113769  ALIULIS            45443.39     10.375      6.375      65    2/27/96      PA      4/1/96        70000    16142        45500
2114239  GOSSER                74000     12.125      7.250      80    3/22/96      KY      4/1/96        92500    41001        74000
2114395  HOPPER             25544.78     13.500      7.125      70    2/29/96      KS      4/1/96        36600    66762        25550
2114783  COCKERELL            108000     11.500      7.250      72    3/22/96      OH      4/1/96       150000    45895       108000
2115889  JEFFERS JR            36000      8.500      6.750      69    3/12/96      IN      4/1/96        52000    46901        36000
2117117  WHITE                168750      9.750      4.250      75    3/30/96      CA      4/1/96       225000    95485       168750
2119451  TAYLOR                58000     10.375      6.375      70    3/25/96      OH      4/1/96        83000    45122        58000
2119634  THOMPSON           33735.85     10.250      6.750      75    3/7/96       MO      4/1/96        45000    64503        33750
2120491  BEACH                133500     10.000      6.000      75    3/29/96      UT      4/1/96       178000    84770       133500


<CAPTION>

 Loan                   Amortization     Credit      Due     6/1 Scheduled 
Number   Last Name          Term        Category     Date       Balance    
- -------  -------------  ------------    --------    ------   ------------- 
<S>      <C>            <C>             <C>         <C>      <C>           
2134153  HALL                    240    C           5/1/96        28471.14 
2139350  JOHNSON                 360    A-          5/1/96        30386.52 
2143964  YOUNG                   360    B-          5/1/96         55202.2 
2158673  CORDELL                 360    A-          5/1/96        44980.09 
1826700  UDESKY                  360    B-          5/1/96        296160.4 
2033686  WESTER                  360    B+          5/1/96        291867.3 
2037505  BEREC                   360    A-          5/1/96        236163.3 
2043925  BROWN                   360    B+          5/1/96        93909.58 
2149094  KIRKPATRICK             360    C-          5/1/96         29139.3 
2149235  WILSON                  360    B-          5/1/96        27738.96 
2045151  SWAN                    360    A-          5/1/96        137143.5 
2045300  HANNA                   360    B-          5/1/96        86922.55 
2045953  LEGASPI                 360    B-          5/1/96        101959.5 
2051050  VINCENT                 360    A-          5/1/96        59972.01 
2076404  LOGAN SR                360    B-          5/1/96        49487.81 
2082071  BRADLEY                 360    C-          5/1/96        61384.28 
2082709  RUSHING                 360    A-          5/1/96        45021.27 
2083087  MOORE  JR               360    B+          5/1/96         47971.1 
2084085  MARTIN                  360    B           5/1/96        123883.8 
2105591  AHMAD                   360    B           5/1/96        88820.85 
2106490  RUBOW                   360    C           5/1/96        29239.55 
2107464  KIDD                    360    C           5/1/96        14992.97 
2107936  JOHNSON                 360    C           5/1/96        119930.8 
2108124  STAHL                   360    C           5/1/96        41585.96 
2109502  GREENE                  360    C           5/1/96        141328.8 
2112670  DETERS                  360    C           5/1/96        89964.23 
2113405  OLSON                   360    C-          5/1/96         79236.7 
2113512  KANE                    360    A-          5/1/96        57711.17 
2113769  ALIULIS                 360    C           5/1/96        45386.29 
2114239  GOSSER                  360    C           5/1/96        73979.41 
2114395  HOPPER                  360    C           5/1/96         25539.5 
2114783  COCKERELL               360    C           5/1/96        107965.5 
2115889  JEFFERS JR              360    A-          5/1/96        35978.19 
2117117  WHITE                   360    A-          5/1/96        168671.3 
2119451  TAYLOR                  360    C           5/1/96        57976.32 
2119634  THOMPSON                360    A-          5/1/96        33721.58 
2120491  BEACH                   360    A-          5/1/96        133440.9 


                                    Page 2

<PAGE>

<CAPTION>

 Loan                     Current         Note                        Close                Paid     Appraisal      Zip    Original  
Number   Last Name        Balance         Rate       Margin    LTV     Date      State    to Date     Amount       Code  Loan Amount
- -------  -------------   -----------    -------     -------   -----   -------    -----    -------   ----------    -----  -----------
<S>      <C>             <C>            <C>         <C>       <C>     <C>        <C>      <C>       <C>           <C>    <C>        
2121440  MIDDLETON            180650      9.250      5.750      74    3/12/96      MN      4/1/96       243000    55116       180650
2122372  MCDADE                55500     10.350      6.875      75    3/20/96      IL      4/1/96        74000    60628        55500
2122398  NAZARIO            20965.33     14.000      7.125      60    2/29/96      OH      4/1/96        35000    44052        21000
2122661  WILLIAMS              69000     11.500      6.500      75    3/13/96      MI      4/1/96        92000    48237        69000
2122851  CRAIG                 48000     10.000      6.250      80    3/13/96      GA      4/1/96        60000    30310        48000
2122877  KUNSMAN               72800      9.500      5.750      80    3/19/96      AZ      4/1/96        91000    85019        72800
2123909  RICE               24974.69     11.990      7.000      50    2/27/96      PA      4/1/96        50000    19135        25000
2124790  PONDS                104000      9.750      5.250      80    3/22/96      FL      4/1/96       130000    33411       104000
2125268  ACKLEY                34300     12.990      7.125      70    3/30/96      OH      4/1/96        49000    43569        34300
2126035  WILDFANG           53108.31     10.375      6.375      68    2/29/96      CA      4/1/96        78000    93505        53130
2126142  CHILDRES          114691.16     10.375      6.375      75    2/29/96      CA      4/1/96       153000    93292       114750
2126761  SHIRLEY              137600      8.990      4.990      80    3/25/96      CA      4/1/96       172000    95948       137600
2127058  ALANIS             39981.92      9.900      4.500      70    3/11/96      CA      4/1/96        57500    93648        40000
2128304  CLATERBAUGH        59985.48     12.750      7.250      80    3/5/96       TX      4/1/96        75000    76271        60000
2129617  JACKSON               28600     12.750      7.250      65    3/28/96      PA      4/1/96        44000    19151        28600
2129948  SCHNEIDER         155136.64     10.375      6.375      80    2/29/96      CA      4/1/96       194000    90620       155200
2130268  JACKSON               63000     13.000      7.250      70    3/29/96      PA      4/1/96        90000    16117        63000
2130292  GONZALEZ             373100      8.500      5.125      82    3/15/96      CA      4/1/96       455000    92064       373100
2131001  MORGAN                82500     10.750      6.500      75    3/28/96      CA      4/1/96       110000    95360        82500
2132975  ANDRADE V             50700      7.250      5.990      65    3/29/96      CA      4/1/96        78000    92231        50700
2133403  JONES                 61600     10.500      6.250      78    3/22/96      MI      4/1/96        79000    48219        61600
2134385  SIMMONS               60000      8.750      5.250      80    3/18/96      GA      4/1/96        75000    30245        60000
2135499  PEROTTO               58500     10.990      5.875      75    3/27/96      CA      4/1/96        80000    91335        58500
2135911  AZADKHANIAN          381650      9.750      5.990      76    3/13/96      CA      3/1/96       499000    94030       381650
2136083  ROGNRUD           127163.52     11.990      6.500      60    2/29/96      MN      4/1/96       212000    55423       127200
2136133  IBARRA               328790     10.875      6.990      77    3/21/96      CA      4/1/96       427000    94549       328790
2136414  NICHOLAS              42000     10.750      6.750      58    3/15/96      CO      4/1/96        72500    80220        42000
2136976  BOWEN SR           53882.77     11.500      6.750      70    2/26/96      OH      4/1/96        77000    43207        53900
2137966  WILLIAMS              35750      9.000      7.250      53    3/11/96      IN      4/1/96        68000    46816        35750
2138469  FORD                  22000     13.500      7.250      51    3/27/96      TX      4/1/96        43000    76140        22000
2138493  HONDRAS            84973.58     11.625      7.125      80    2/29/96      IL      4/1/96       108000    60473        85000
2138931  MASSEY               132860     11.500      7.125      73    3/29/96      CA      4/1/96       182000    90018       132860
2138972  ELVIRA               108000     10.990      5.500      80    3/29/96      CA      4/1/96       135000    94806       108000
2139020  OLSON                 34375     10.750      6.375      68    3/28/96      WA      4/1/96        50500    98444        34375
2139426  BROOKS                25025     13.100      7.250      55    3/22/96      IN      4/1/96        45500    46953        25025
2139749  JOHNSON               26000     10.999      5.750      65    3/30/96      UT      4/1/96        40000    84104        26000
2139822  JOHNSON               92400      9.750      4.625      80    3/29/96      UT      4/1/96       115500    84118        92400


<CAPTION>

 Loan                   Amortization     Credit      Due     6/1 Scheduled 
Number   Last Name          Term        Category     Date       Balance    
- -------  -------------  ------------    --------    ------   ------------- 
<S>      <C>            <C>             <C>         <C>      <C>           
2121440  MIDDLETON               360    B           5/1/96        180556.4
2122372  MCDADE                  360    C           5/1/96        55477.22
2122398  NAZARIO                 180    C-          5/1/96        20930.26
2122661  WILLIAMS                360    C           5/1/96        68960.95
2122851  CRAIG                   360    A-          5/1/96        47978.77
2122877  KUNSMAN                 360    B           5/1/96        72764.19
2123909  RICE                    240    C-          5/1/96        24949.13
2124790  PONDS                   360    B+          5/1/96        103951.5
2125268  ACKLEY                  360    C           5/1/96        34292.14
2126035  WILDFANG                360    C-          5/1/96        53086.44
2126142  CHILDRES                360    B-          5/1/96        114643.8
2126761  SHIRLEY                 360    B-          5/1/96        137524.7
2127058  ALANIS                  360    A-          5/1/96        39963.69
2128304  CLATERBAUGH             360    C           5/1/96        59970.81
2129617  JACKSON                 360    B-          5/1/96        28593.08
2129948  SCHNEIDER               360    B-          5/1/96        155072.7
2130268  JACKSON                 360    B           5/1/96        62985.59
2130292  GONZALEZ                360    B+          5/1/96          372874
2131001  MORGAN                  360    C           5/1/96        82468.94
2132975  ANDRADE V               360    A-          5/1/96        50660.45
2133403  JONES                   360    A-          5/1/96        61575.52
2134385  SIMMONS                 360    B-          5/1/96        59965.48
2135499  PEROTTO                 360    C           5/1/96        58479.09
2135911  AZADKHANIAN             360    B-          4/1/96        381292.5
2136083  ROGNRUD                 360    C-          5/1/96        127126.7
2136133  IBARRA                  360    B-          5/1/96        328669.5
2136414  NICHOLAS                360    A-          5/1/96        41984.19
2136976  BOWEN SR                360    C           5/1/96        53865.38
2137966  WILLIAMS                360    B-          5/1/96        35730.47
2138469  FORD                    180    C-          5/1/96        21961.87
2138493  HONDRAS                 360    C           5/1/96         84946.9
2138931  MASSEY                  360    B           5/1/96        132817.5
2138972  ELVIRA                  360    B-          5/1/96        107961.4
2139020  OLSON                   360    A-          5/1/96        34362.06
2139426  BROOKS                  360    C-          5/1/96         25019.4
2139749  JOHNSON                 360    B+          5/1/96        25990.73
2139822  JOHNSON                 360    B+          5/1/96        92356.89


                                    Page 3

<PAGE>

<CAPTION>

 Loan                     Current         Note                        Close                Paid     Appraisal      Zip    Original  
Number   Last Name        Balance         Rate       Margin    LTV     Date      State    to Date     Amount       Code  Loan Amount
- -------  -------------   -----------    -------     -------   -----   -------    -----    -------   ----------    -----  -----------
<S>      <C>             <C>            <C>         <C>       <C>     <C>        <C>      <C>       <C>           <C>    <C>        
2139913  BARTLETT              80250     10.875      6.375      75    3/14/96      IL      4/1/96       107000    60187        80250
2140069  MAY                   62250     11.500      7.250      75    3/22/96      OR      4/1/96        83000    97424        62250
2140382  MORTON                79875      8.250      4.875      75    3/15/96      WA      4/1/96       106500    98422        79875
2140424  BARKER               213750      8.990      6.250      75    3/29/96      OR      4/1/96       285000    97035       213750
2140549  MILLER                32850     13.990      7.125      60    3/7/96       OH      4/1/96        54750    45872        32850
2140861  MLAGAN                73000      9.500      5.000      70    3/12/96      AZ      4/1/96       106000    85032        73000
2141190  TALBOTT               36000     13.990      7.125      75    3/29/96      IN      4/1/96        48000    46219        36000
2141216  PATLAN             57731.54     11.500      6.375      75    2/29/96      CA      4/1/96        77000    93203        57750
2142032  COHEN                172000      7.990      6.250      85    3/22/96      FL      4/1/96       213000    33496       172000
2142453  JOHNSON              190862      9.000      5.500      85    3/29/96      MO      4/1/96       225000    63131       190862
2142750  KASYAN                69000     11.625      7.250      58    3/18/96      PA      4/1/96       119000    15367        69000
2142792  HIRAI                126000     10.500      5.500      70    3/13/96      CA      4/1/96       180000    90504       126000
2144004  GRISHAM               37100     10.500      6.750      70    3/26/96      IL      4/1/96        53000    60440        37100
2144186  WILLIFORD            101250      9.990      6.750      75    3/27/96      IL      4/1/96       135000    60635       101250
2144228  TAYLOR                22750      9.500      6.250      65    3/13/96      KY      4/1/96        35000    42567        22750
2144244  BASS               36554.78      9.990      5.750      65    3/29/96      TX      4/1/96        58000    77530        37500
2144376  WILKINS           175408.83      9.240      5.250      90    2/29/96      NV      4/1/96       195000    89128       175500
2144707  HARRELL               22800     12.250      7.250      60    3/25/96      GA      4/1/96        38000    30314        22800
2145266  KLETTE               105000     10.250      6.750      73    3/22/96      MN      4/1/96       144000    55417       105000
2145415  HEINTZ                22650     11.250      7.250      75    3/19/96      MI      4/1/96        30200    49017        22650
2145456  URIBE              58476.75     10.500      3.750      75    3/12/96      CA      4/1/96        78000    93725        58500
2145811  GARDINA               66000      9.750      6.625      55    3/13/96      UT      4/1/96       119000    84047        66000
2146124  DUTRA              36722.67      7.490      6.490      75    2/28/96      CA      4/1/96        64000    92264        36750
2146272  SUMPTER           123591.02      9.125      5.625      75    3/19/96      WA      5/1/96       165000    98003       123750
2146991  HAIGHT               140000     10.500      6.375      63    3/30/96      IL      4/1/96       223000    60555       140000
2147221  GREENE LEWIS         388000      8.625      5.000      80    3/29/96      NV      4/1/96       485000    89014       388000
2147387  KIRKWOOD              61750     14.000      7.250      65    3/21/96      MI      4/1/96        95000    48224        61750
2147643  MIMS                  28800      7.990      6.990      80    3/20/96      LA      4/1/96        36000    71109        28800
2147908  THRAWLEY, JR          15900     12.250      7.250      60    3/21/96      IN      4/1/96        26500    47362        15900
2148013  HUMPHREY             150000     11.490      7.250      73    3/18/96      OR      4/1/96       205000    97223       150000
2148062  DEVENEY               36000      9.990      7.250      75    3/27/96      MN      4/1/96        48000    55421        36000
2149342  CHISHOLM           20310.28     13.990      7.000      50    2/28/96      MO      4/1/96        41000    63114        20350
2149722  FARAONE               96000     11.990      7.250      80    3/30/96      CA      4/1/96       120000    94591        96000
2150423  LAVAN                102000     11.500      6.375      60    3/15/96      WA      4/1/96       170000    98103       102000
2151462  RODRIGUEZ             43550     10.375      6.375      65    3/29/96      CA      4/1/96        67000    95206        43550
2151470  SLAUGHTER             15000     12.750      7.250      41    3/27/96      PA      4/1/96        37000    19125        15000
2152593  HARRIS                18900      9.900      6.000      70    3/29/96      IL      4/1/96        27000    62703        18900


<CAPTION>

 Loan                   Amortization     Credit      Due     6/1 Scheduled 
Number   Last Name          Term        Category     Date       Balance    
- -------  -------------  ------------    --------    ------   ------------- 
<S>      <C>            <C>             <C>         <C>      <C>           
2139913  BARTLETT                360    A-          5/1/96         80220.6
2140069  MAY                     360    C           5/1/96         62230.1
2140382  MORTON                  360    A-          5/1/96        79824.07
2140424  BARKER                  360    B+          5/1/96          213633
2140549  MILLER                  240    C-          5/1/96        32824.72
2140861  MLAGAN                  360    A-          5/1/96         72964.1
2141190  TALBOTT                 360    C           5/1/96        35993.43
2141216  PATLAN                  360    C           5/1/96         57712.9
2142032  COHEN                   360    B+          5/1/96        171884.4
2142453  JOHNSON                 360    B+          5/1/96        190757.8
2142750  KASYAN                  360    C           5/1/96        68928.55
2142792  HIRAI                   360    C-          5/1/96        125949.9
2144004  GRISHAM                 360    A-          5/1/96        37085.25
2144186  WILLIFORD               360    A-          5/1/96        101205.1
2144228  TAYLOR                  360    A-          5/1/96           22544
2144244  BASS                    360    C           5/1/96        36554.78
2144376  WILKINS                 360    A-          5/1/96          175317
2144707  HARRELL                 360    C           5/1/96        22793.83
2145266  KLETTE                  360    A-          5/1/96          104956
2145415  HEINTZ                  360    B           5/1/96        22642.35
2145456  URIBE                   360    A-          5/1/96        58453.29
2145811  GARDINA                 360    B           5/1/96        65969.21
2146124  DUTRA                   360    A-          5/1/96        36695.17
2146272  SUMPTER                 360    A-          6/1/96          123591
2146991  HAIGHT                  360    C-          5/1/96        139944.4
2147221  GREENE LEWIS            360    A-          5/1/96        387770.9
2147387  KIRKWOOD                360    C           5/1/96        61738.76
2147643  MIMS                    360    B           5/1/96        28780.64
2147908  THRAWLEY, JR            360    C           5/1/96        15895.69
2148013  HUMPHREY                360    C           5/1/96        149951.4
2148062  DEVENEY                 360    C           5/1/96        35984.04
2149342  CHISHOLM                360    C-          5/1/96        20306.09
2149722  FARAONE                 360    B-          5/1/96        95972.47
2150423  LAVAN                   360    C           5/1/96        101967.4
2151462  RODRIGUEZ               180    B+          5/1/96         43448.5
2151470  SLAUGHTER               360    C           5/1/96        14996.37
2152593  HARRIS                  360    A-          5/1/96        18891.46


                                    Page  4

<PAGE>

<CAPTION>

 Loan                     Current         Note                        Close                Paid     Appraisal      Zip    Original  
Number   Last Name        Balance         Rate       Margin    LTV     Date      State    to Date     Amount       Code  Loan Amount
- -------  -------------   -----------    -------     -------   -----   -------    -----    -------   ----------    -----  -----------
<S>      <C>             <C>            <C>         <C>       <C>     <C>        <C>      <C>       <C>           <C>    <C>        
2152833  BIRCH                204000     13.750      7.250      80    3/22/96      OH      4/1/96       255000    45458       204000
2152973  VANDYGRIFF            24700     10.990      6.990      65    3/21/96      TN      4/1/96        38000    37160        24700
2153120  MANSOOR               55600     11.500      6.750      80    3/13/96      MI      4/1/96        70000    48091        55600
2153690  SUTTON                30000     10.625      6.375      54    3/18/96      WA      4/1/96        56000    98584        30000
2153997  YOUSE                 20000     11.500      6.375      80    3/29/96      MO      4/1/96        25000    64109        20000
2154201  STROBLE               88000     12.500      7.250      73    3/15/96      OH      4/1/96       120000    43140        88000
2154755  BARRIOS, JR        18388.98     12.250      7.000      55    3/11/96      LA      4/1/96        33500    70072        18425
2155224  SCHROM                75500      8.990      6.375      40    3/29/96      NJ      4/1/96       189000    07073        75500
2156248  CARTER, JR            41250     11.750      6.250      75    3/30/96      GA      4/1/96        55000    31705        41250
2156305  SPRINGER             338000     11.250      6.750      65    3/13/96      NM      4/1/96       520000    87122       338000
2156347  BOREN              80610.76      7.990      4.750      85    3/12/96      UT      4/1/96        95000    84118        80665
2156669  WEISS                 30400     11.990      7.000      80    3/15/96      FL      4/1/96        38000    33065        30400
2156883  MARTIN               250000     10.375      7.000      36    3/25/96      WA      4/1/96       701000    98333       250000
2157147  RICHARDSON            71500     10.000      6.000      57    3/14/96      CA      4/1/96       126000    90044        71500
2157204  AGUILAR               27000     10.375      6.375      75    3/25/96      AZ      4/1/96        36000    85009        27000
2157550  SHERMAN               93750     10.375      6.375      75    3/14/96      CA      4/1/96       125000    94928        93750
2157873  YEAGER                60800     10.375      6.031      80    3/29/96      CA      4/1/96        76000    93662        60800
2158251  CARSON                30800     12.750      6.500      70    3/18/96      OH      4/1/96        44000    44105        30800
2158277  LIGHT                105000     11.000      5.500      70    3/15/96      OH      4/1/96       150000    44046       105000
2158442  TIMM                  70000      8.500      4.000      73    3/29/96      MN      4/1/96        96000    55316        70000
2158582  DAVIS                 39000     10.750      6.500      74    3/29/96      IL      4/1/96        53000    60601        39000
2158772  DAVIS                 35700     10.750      6.500      70    3/29/96      IL      4/1/96        51000    60601        35700
2158806  DAVIS                 39000     10.750      6.500      75    3/29/96      IL      4/1/96        52000    60601        39000
2158897  HARGRAVES             28700     11.750      5.500      70    3/29/96      IL      4/1/96        41000    62703        28700
2159317  HYDECK               100500     10.875      7.250      75    3/21/96      OH      4/1/96       134000    44260       100500
2159382  HARRIS                58400      9.500      5.500      80    3/29/96      GA      4/1/96        73000    30079        58400
2159465  DAVIS                 33750     10.750      6.500      75    3/29/96      IL      4/1/96        45000    60601        33750
2159556  HOLST                 12500     12.990      7.250      42    3/29/96      MO      4/1/96        30000    64123        12500
2160117  DAIL               86467.44     10.750      6.250      75    3/7/96       MI      4/1/96       115000    48432        86500
2160232  ALVAREZ               67000     10.875      7.000      74    3/20/96      IL      4/1/96        90500    60629        67000
2160596  SLEDGE                63000     11.125      7.125      70    3/13/96      WA      4/1/96        90000    98144        63000
2160620  IRVIN                 74750      9.875      4.875      65    3/15/96      CA      4/1/96       115000    90803        74750
2160695  MAC MAKIN            250000     10.375      6.500      70    3/14/96      IL      4/1/96       355000    60643       250000
2160893  BURKE                 70200     11.125      5.500      65    3/29/96      CA      4/1/96       108000    95446        70200
2161099  CROZIER               30000      9.950      5.750      15    3/20/96      CA      4/1/96       200000    91207        30000
2161263  SMITH                 80000      8.990      6.500      33    3/29/96      NJ      4/1/96       240000    07042        80000
2161446  SEARCY                55000      8.500      4.750      75    3/29/96      GA      4/1/96        73000    30315        55000


<CAPTION>

 Loan                   Amortization     Credit      Due     6/1 Scheduled 
Number   Last Name          Term        Category     Date       Balance    
- -------  -------------  ------------    --------    ------   ------------- 
<S>      <C>            <C>             <C>         <C>      <C>           
2152833  BIRCH                   360    C           5/1/96        203960.7 
2152973  VANDYGRIFF              360    C           5/1/96        24691.17 
2153120  MANSOOR                 360    A-          5/1/96        55582.23 
2153690  SUTTON                  360    C           5/1/96         29988.4 
2153997  YOUSE                   360    A-          5/1/96        19993.61 
2154201  STROBLE                 360    C           5/1/96        87977.48 
2154755  BARRIOS, JR             180    C-          5/1/96        18352.59 
2155224  SCHROM                  360    A-          5/1/96        75458.67 
2156248  CARTER, JR              360    B+          5/1/96        41237.52 
2156305  SPRINGER                360    A-          5/1/96        337885.9 
2156347  BOREN                   360    A-          5/1/96        80556.16 
2156669  WEISS                   360    C           5/1/96        30391.29 
2156883  MARTIN                  360    A-          5/1/96        249897.9 
2157147  RICHARDSON              360    A-          5/1/96        71468.37 
2157204  AGUILAR                 360    C           5/1/96        26988.98 
2157550  SHERMAN                 360    B-          5/1/96        93711.73 
2157873  YEAGER                  360    A-          5/1/96        60775.18 
2158251  CARSON                  180    A-          5/1/96         30742.6 
2158277  LIGHT                   180    B+          5/1/96        104769.1 
2158442  TIMM                    360    A-          5/1/96        69957.59 
2158582  DAVIS                   360    A-          5/1/96        38985.32 
2158772  DAVIS                   360    A-          5/1/96        35686.56 
2158806  DAVIS                   360    A-          5/1/96        38985.32 
2158897  HARGRAVES               360    B-          5/1/96        28691.31 
2159317  HYDECK                  360    A-          5/1/96        100463.2 
2159382  HARRIS                  360    B-          5/1/96        58371.27 
2159465  DAVIS                   360    A-          5/1/96        33737.29 
2159556  HOLST                   180    B+          5/1/96        12477.23 
2160117  DAIL                    360    B+          5/1/96        86434.58 
2160232  ALVAREZ                 360    A-          5/1/96        66975.45 
2160596  SLEDGE                  360    A-          5/1/96        62978.14 
2160620  IRVIN                   360    B           5/1/96        74716.04 
2160695  MAC MAKIN               360    A-          5/1/96        249897.9 
2160893  BURKE                   360    B-          5/1/96        70175.63 
2161099  CROZIER                 360    C           5/1/96        29986.59 
2161263  SMITH                   360    C-          5/1/96        79956.21 
2161446  SEARCY                  360    B-          5/1/96        54966.68 


                                    Page  5

<PAGE>

<CAPTION>

 Loan                     Current         Note                        Close                Paid     Appraisal      Zip    Original  
Number   Last Name        Balance         Rate       Margin    LTV     Date      State    to Date     Amount       Code  Loan Amount
- -------  -------------   -----------    -------     -------   -----   -------    -----    -------   ----------    -----  -----------
<S>      <C>             <C>            <C>         <C>       <C>     <C>        <C>      <C>       <C>           <C>    <C>        
2161818  HODGES-OSUNA          40500     10.375      6.375      75    3/27/96      AZ      4/1/96        54000    85239        40500
2161982  RAMIREZ               74800      8.500      5.500      85    3/25/96      OR      4/1/96        88000    97220        74800
2162014  GRANT                 73500      9.990      6.000      70    3/21/96      WA      4/1/96       105000    98662        73500
2162048  BIGFORD           102449.58      9.500      6.500      57    3/11/96      UT      4/1/96       188000    84117       102500
2162212  PARKS                103000      9.000      6.500      42    3/29/96      NJ      4/1/96       243000    07936       103000
2162444  HOWELL                27750     12.250      7.000      75    3/25/96      PA      4/1/96        37000    15650        27750
2162469  TIDRICK              159000     10.990      7.250      75    3/11/96      CO      4/1/96       212000    80220       159000
2162485  CARLOCK           105707.97     10.500      7.250      75    3/11/96      PA      4/1/96       141000    18940       105750
2162709  ABAD                  53000     10.500      6.875      66    3/15/96      CO      4/1/96        80000    80204        53000
2162824  CHOPRA               250000      9.990      5.990      58    3/18/96      CA      4/1/96       435000    91360       250000
2163046  BACHMEIER            250000     10.500      6.750      58    3/25/96      MN      4/1/96       430000    55102       250000
2163145  JOHNSON SR            54000     13.000      7.250      75    3/26/96      OH      4/1/96        72000    45213        54000
2163244  JONES                 90930     10.000      7.250      70    3/11/96      IL      4/1/96       131000    60473        90930
2163426  RING                  72000      8.750      4.500      80    3/29/96      IL      4/1/96        90000    60050        72000
2163509  HOUSTON              104000      7.990      4.500      80    3/27/96      CA      4/1/96       130000    94621       104000
2164010  WALTZ                 85000      8.990      5.990      63    3/21/96      NV      4/1/96       134000    89041        85000
2164051  LAKIE                 75000     13.000      8.250      63    3/12/96      IL      4/1/96       119000    60453        75000
2164069  BURRIS                70700     10.885      7.125      70    3/29/96      CO      4/1/96       101000    80003        70700
2164374  DAVIS              62957.73      8.000      5.750      83    3/7/96       OH      4/1/96        76000    44128        63000
2164580  CARRILLO             109600      9.500      7.125      80    3/11/96      CA      4/1/96       138000    95367       109600
2165132  COOPER                46700     12.500      7.250      52    3/14/96      OH      4/1/96        89000    43113        46700
2165199  MACDONALD             72000     10.500      6.750      80    3/12/96      MI      4/1/96        90000    48183        72000
2165249  BARR                  37800     11.250      6.750      70    3/29/96      MN      4/1/96        54000    55910        37800
2165264  MITCHELL              30000     13.100      7.250      53    3/22/96      OH      4/1/96        56500    44311        30000
2165280  GAJESKI               66500     11.500      7.250      70    3/26/96      MN      4/1/96        95000    55038        66500
2165389  CATTANEO             240000      9.990      6.500      80    3/13/96      CA      4/1/96       300000    92629       240000
2165553  DAVIS                 46000      7.500      7.250      70    3/13/96      UT      4/1/96        66000    84526        46000
2165934  CORTES               131250     10.990      7.125      75    3/27/96      CA      4/1/96       175000    93033       131250
2165975  HOLLENBECK           135200     15.000      7.125      65    3/18/96      CA      4/1/96       208000    93023       135200
2166387  PARKMAN               48750     11.000      6.500      75    3/29/96      IL      4/1/96        65000    60628        48750
2166510  HOFFMAN               72360     10.250      6.750      80    3/14/96      NV      4/1/96        90500    89107        72360
2166528  LAND                  88500      9.900      7.250      75    3/12/96      UT      4/1/96       118000    84119        88500
2166577  REDMOND               31525     13.250      7.000      65    3/29/96      LA      4/1/96        48500    70377        31525
2166643  MARTINEZ JR          148750      8.750      4.750      85    3/15/96      CA      4/1/96       175000    94589       148750
2166684  SWANSON              332000      8.250      5.990      80    3/12/96      CA      4/1/96       415000    95051       332000
2166742  GARCIA                95250      9.375      6.375      75    3/21/96      CA      4/1/96       127000    93720        95250
2167203  FRANCIS               19800     14.000      7.125      55    3/29/96      MO      4/1/96        36000    64130        19800


<CAPTION>

 Loan                   Amortization     Credit      Due     6/1 Scheduled 
Number   Last Name          Term        Category     Date       Balance    
- -------  -------------  ------------    --------    ------   ------------- 
<S>      <C>            <C>             <C>         <C>      <C>           
2161818  HODGES-OSUNA            360    B           5/1/96        40483.47
2161982  RAMIREZ                 360    B+          5/1/96        74754.68
2162014  GRANT                   360    B           5/1/96        73467.42
2162048  BIGFORD                 360    B-          5/1/96        102398.8
2162212  PARKS                   180    B+          5/1/96        102727.8
2162444  HOWELL                  180    C           5/1/96        27695.75
2162469  TIDRICK                 360    C           5/1/96        158943.2
2162485  CARLOCK                 360    B           5/1/96        105665.6
2162709  ABAD                    360    C           5/1/96        52978.94
2162824  CHOPRA                  360    C           5/1/96        249889.2
2163046  BACHMEIER               360    C           5/1/96        249900.7
2163145  JOHNSON SR              360    C-          5/1/96        53987.65
2163244  JONES                   360    B           5/1/96        90889.75
2163426  RING                    360    A-          5/1/96        71958.58
2163509  HOUSTON                 360    B-          5/1/96        103930.1
2164010  WALTZ                   360    A-          5/1/96        84953.47
2164051  LAKIE                   360    C           5/1/96         74982.5
2164069  BURRIS                  360    B-          5/1/96        70674.15
2164374  DAVIS                   360    A-          5/1/96        62915.18
2164580  CARRILLO                360    B+          5/1/96        109546.1
2165132  COOPER                  360    C-          5/1/96        46688.05
2165199  MACDONALD               360    B           5/1/96        71971.39
2165249  BARR                    360    C           5/1/96        37787.24
2165264  MITCHELL                360    C           5/1/96        29993.29
2165280  GAJESKI                 360    C           5/1/96        66478.75
2165389  CATTANEO                360    C           5/1/96        239893.6
2165553  DAVIS                   360    A-          5/1/96        45965.86
2165934  CORTES                  360    A-          5/1/96        131203.1
2165975  HOLLENBECK              360    C-          5/1/96        135180.5
2166387  PARKMAN                 360    B+          5/1/96        48732.62
2166510  HOFFMAN                 360    B+          5/1/96        72329.66
2166528  LAND                    360    B-          5/1/96        88460.01
2166577  REDMOND                 180    C-          5/1/96        31469.02
2166643  MARTINEZ JR             360    B+          5/1/96        148664.4
2166684  SWANSON                 360    B-          5/1/96        331788.3
2166742  GARCIA                  360    B-          5/1/96         95201.9
2167203  FRANCIS                 180    C-          5/1/96        19767.31


                                    Page  6

<PAGE>

<CAPTION>

 Loan                     Current         Note                        Close                Paid     Appraisal      Zip    Original  
Number   Last Name        Balance         Rate       Margin    LTV     Date      State    to Date     Amount       Code  Loan Amount
- -------  -------------   -----------    -------     -------   -----   -------    -----    -------   ----------    -----  -----------
<S>      <C>             <C>            <C>         <C>       <C>     <C>        <C>      <C>       <C>           <C>    <C>        
2167252  LEWIS                 39200     11.750      6.500      80    3/13/96      KS      4/1/96        49000    66104        39200
2167419  PRANGE                98000     10.990      6.990      70    3/21/96      OR      4/1/96       140000    97214        98000
2167443  LAROCK                48125     12.750      7.250      53    3/12/96      OR      4/1/96        90000    97206        48125
2167583  SOAVE                 85000     11.000      7.250      69    3/11/96      MI      4/1/96       146000    49259        85000
2167658  DOYLE                 48000     11.500      6.375      75    3/20/96      KS      4/1/96        64000    67212        48000
2167922  WILSON                35000     11.500      6.500      54    3/22/96      IL      4/1/96        65000    60620        35000
2167971  BRODY              34990.52     12.250      5.750      23    3/11/96      NJ      4/1/96       155000    08510        35000
2168409  BARLOW                42000     10.990      5.800      26    3/12/96      NV      4/1/96       163000    89128        42000
2168441  CAIN                56084.2     10.375      6.375      75    3/19/96      CA      5/1/96        75000    93532        56250
2168755  TOUMA                 67500     11.250      7.250      75    3/19/96      MI      4/1/96        91000    48089        67500
2168839  HARDY                 15000     11.100      6.500      35    3/6/96       IL      4/1/96        43000    60638        15000
2169092  FERNANDEZ             98250     11.625      6.375      75    3/30/96      CO      4/1/96       131000    80033        98250
2169357  BROOKS                72100     11.250      7.000      65    3/22/96      IL      4/1/96       111000    60644        72100
2169365  ROBERTS               86400      9.650      6.500      80    3/20/96      CA      4/1/96       108000    92359        86400
2169431  SMITH                 78975     13.250      8.250      65    3/29/96      OH      4/1/96       121500    43229        78975
2169464  CANCHOLA             157500      9.375      6.500      75    3/30/96      CA      4/1/96       210000    95492       157500
2169589  LYLE                  67875     12.500      7.250      75    3/26/96      OH      4/1/96        90500    43068        67875
2169639  HALL                  60000      9.250      4.000      44    3/22/96      CA      4/1/96       135000    91763        60000
2169654  SESAY                139200     10.000      6.750      80    2/29/96      MD      3/1/96       175000    20770       139200
2169696  SCOTT                 21750     10.000      7.250      75    3/19/96      MI      4/1/96        29000    48234        21750
2170132  WATTERS              240000     10.750      7.750      75    3/8/96       MI      4/1/96       320000    48309       240000
2170280  LEFTWICH              81250     10.750      6.750      65    3/11/96      IL      4/1/96       125000    60615        81250
2170389  BOYD                  63000     10.000      4.531      75    3/26/96      WA      4/1/96        84000    98404        63000
2170454  HENDERLIGHT           57200     13.500      7.250      55    3/11/96      OH      4/1/96       104000    45209        57200
2170587  BELLEN               108750     10.990      5.521      75    3/29/96      IL      4/1/96       145000    60194       108750
2170652  RAMSEY                38500     12.990      7.250      51    3/12/96      PA      4/1/96        75000    15014        38500
2170660  BEARD                 63000     10.500      6.250      70    3/14/96      OH      4/1/96        90000    44906        63000
2170710  MILLER                84000     10.500      5.750      70    3/29/96      CA      4/1/96       120000    92320        84000
2170728  DAVIS                 91500      9.500      7.250      75    3/13/96      IL      4/1/96       122000    60638        91500
2171155  PARK                 135200      8.990      6.250      80    3/18/96      OR      4/1/96       169000    97405       135200
2171544  SANTAGATA             56250      9.500      6.187      75    3/20/96      CA      4/1/96        75000    93727        56250
2171890  HARVEY                27750     13.000      7.125      75    3/30/96      MO      4/1/96        37000    64130        27750
2172054  COCKRELL              17500     10.750      6.250      70    3/12/96      TX      4/1/96        27000    75211        17500
2172229  GRITSUK              117000     10.500      5.750      75    3/29/96      IL      4/1/96       156000    60435       117000
2172716  RAMIREZ               55000     10.355      7.250      65    3/20/96      CA      4/1/96        85000    92316        55000
2172906  HENSEL                29250     10.500      7.250      75    3/22/96      OH      4/1/96        39000    43302        29250
2173193  ALFARO                30000      9.500      5.750      67    3/29/96      FL      4/1/96        45000    33603        30000


<CAPTION>

 Loan                   Amortization     Credit      Due     6/1 Scheduled 
Number   Last Name          Term        Category     Date       Balance    
- -------  -------------  ------------    --------    ------   ------------- 
<S>      <C>            <C>             <C>         <C>      <C>           
2167252  LEWIS                   120    B           5/1/96        39027.07 
2167419  PRANGE                  360    A-          5/1/96        97964.98 
2167443  LAROCK                  360    C-          5/1/96        48113.35 
2167583  SOAVE                   360    B+          5/1/96         84969.7 
2167658  DOYLE                   360    C           5/1/96        47984.66 
2167922  WILSON                  180    C           5/1/96        34926.55 
2167971  BRODY                   360    C           5/1/96        34980.94 
2168409  BARLOW                  360    C-          5/1/96        41984.99 
2168441  CAIN                    360    B-          6/1/96         56084.2 
2168755  TOUMA                   360    B           5/1/96        67477.21 
2168839  HARDY                   360    B           5/1/96        14986.49 
2169092  FERNANDEZ               360    B-          5/1/96        98219.46 
2169357  BROOKS                  360    B           5/1/96        72046.94 
2169365  ROBERTS                 360    B-          5/1/96        86358.83 
2169431  SMITH                   360    C-          5/1/96        78957.94 
2169464  CANCHOLA                360    B-          5/1/96        157420.5 
2169589  LYLE                    360    C           5/1/96        67857.63 
2169639  HALL                    360    C-          5/1/96        59968.89 
2169654  SESAY                   360    C           4/1/96        139076.3 
2169696  SCOTT                   360    C           5/1/96        21740.38 
2170132  WATTERS                 360    A-          5/1/96        239909.6 
2170280  LEFTWICH                360    C           5/1/96        81219.41 
2170389  BOYD                    360    C           5/1/96        62972.12 
2170454  HENDERLIGHT             360    C-          5/1/96        57188.32 
2170587  BELLEN                  360    B+          5/1/96        108711.1 
2170652  RAMSEY                  360    B           5/1/96        38491.17 
2170660  BEARD                   360    A-          5/1/96        62974.96 
2170710  MILLER                  360    C           5/1/96        83966.62 
2170728  DAVIS                   360    B-          5/1/96           91455 
2171155  PARK                    360    A-          5/1/96          135126 
2171544  SANTAGATA               360    A-          5/1/96        56222.33 
2171890  HARVEY                  360    C-          5/1/96        27743.64 
2172054  COCKRELL                360    A-          5/1/96        17493.41 
2172229  GRITSUK                 240    C           5/1/96        116855.7 
2172716  RAMIREZ                 360    A-          5/1/96        54977.45 
2172906  HENSEL                  360    C           5/1/96        29238.38 
2173193  ALFARO                  360    B           5/1/96        29985.24 


                                    Page  7

<PAGE>

<CAPTION>

 Loan                     Current         Note                        Close                Paid     Appraisal      Zip    Original  
Number   Last Name        Balance         Rate       Margin    LTV     Date      State    to Date     Amount       Code  Loan Amount
- -------  -------------   -----------    -------     -------   -----   -------    -----    -------   ----------    -----  -----------
<S>      <C>             <C>            <C>         <C>       <C>     <C>        <C>      <C>       <C>           <C>    <C>        
2173219  GIARRANO              97500     14.999      6.990      65    3/19/96      GA      4/1/96       150000    30064        97500
2173318  WESTCOTT              85000      7.990      6.750      78    3/11/96      UT      4/1/96       108500    84041        85000
2173557  MCQUILKIN            201000      9.875      7.250      75    3/15/96      GA      4/1/96       268000    30087       201000
2173599  BOETTCHER            165750     10.250      7.250      44    3/20/96      NJ      4/1/96       375000    08225       165750
2173672  WRIGHT                53500     12.000      6.750      70    3/21/96      FL      4/1/96        85000    34235        53500
2173805  EDGAR                100000     10.375      6.375      80    3/19/96      WA      4/1/96       125000    98043       100000
2173821  MONDONEDO            145800      7.990      5.000      90    3/12/96      MD      4/1/96       162000    20706       145800
2174043  EDWARDS               60000     11.500      6.375      49    3/29/96      IL      4/1/96       123000    60630        60000
2174126  HATCH                 87000     10.250      5.250      64    3/13/96      AZ      4/1/96       135000    85208        87000
2174142  HEADLEY               78750     11.750      6.250      74    3/30/96      CA      4/1/96       106000    94589        78750
2174407  BROWER                55600      8.000      6.750      80    3/15/96      OR      4/1/96        69500    97456        55600
2174415  REYES                105300      8.990      3.677      90    3/29/96      WA      4/1/96       117000    98407       105300
2174530  HEINLEN               63750      9.990      4.500      75    3/25/96      OR      4/1/96        96000    97008        63750
2174639  ASHLOCK               63000      9.250      5.990      70    3/27/96      CA      4/1/96        90000    95327        63000
2174654  MALVANEY              69300     10.230      4.847      47    3/15/96      WA      4/1/96       149000    98444        69300
2175230  PALINSKY              72800     11.990      6.375      80    3/18/96      OH      4/1/96        91000    44057        72800
2175289  BROWNING              33150     13.990      7.125      65    3/27/96      OH      4/1/96        51000    44120        33150
2175347  HOWELL                24500     10.750      5.500      70    3/18/96      OH      4/1/96        35000    44004        24500
2175370  LEWIS                 31500     10.950      6.500      75    3/29/96      MN      4/1/96        42000    55412        31500
2175958  MILLER               121800     12.750      7.250      60    3/29/96      NM      4/1/96       203000    87059       121800
2176030  BOGUE                 80250     10.750      7.250      75    3/25/96      NM      4/1/96       107000    87120        80250
2176469  DELGADO              247200      8.750      7.250      80    3/12/96      UT      4/1/96       309000    84092       247200
2176592  SILVA              32181.47      8.750      6.000      70    3/14/96      CA      4/1/96       118000    92410        32200
2176816  PHILLIPS              33700     11.990      6.670      62    3/29/96      MN      4/1/96        54000    55411        33700
2177426  RUDIN                108500     13.500      7.250      70    3/20/96      IL      4/1/96       155000    60046       108500
2177608  FRENCH                83500      9.000      6.250      42    3/22/96      CA      4/1/96       200000    95960        83500
2177756  DOLCE                 70000     13.000      7.250      48    3/25/96      NJ      4/1/96       145000    08004        70000
2177913  NACCARATO            210400      7.990      6.750      80    3/15/96      UT      4/1/96       263000    84121       210400
2178382  COLLINS               21750     11.990      7.125      75    3/19/96      MI      4/1/96        29000    48219        21750
2178457  MILLS                 63750     11.250      7.250      75    3/19/96      WA      4/1/96        85000    98409        63750
2178689  ZABRISKIE             56800      9.990      5.750      80    3/12/96      UT      4/1/96        71000    84401        56800
2178812  DAVIS                 95200      7.990      6.500      80    3/29/96      WA      4/1/96       119000    98118        95200
2178929  URSO                 102375     11.125      7.125      75    3/29/96      CA      4/1/96       136500    91350       102375
2178986  JORDAN                24750     12.500      7.000      55    3/29/96      KS      4/1/96        45000    67501        24750
2178994  ABNEY                101150      8.990      5.750      85    3/7/96       GA      4/1/96       120000    30188       101150
2179281  YOUNG                155500      8.250      4.990      68    3/12/96      CA      4/1/96       230000    95959       155500
2179505  FRANZEN               86250     10.375      6.375      75    3/30/96      WA      4/1/96       115000    98230        86250


<CAPTION>

 Loan                   Amortization     Credit      Due     6/1 Scheduled 
Number   Last Name          Term        Category     Date       Balance    
- -------  -------------  ------------    --------    ------   ------------- 
<S>      <C>            <C>             <C>         <C>      <C>           
2173219  GIARRANO                360    C-          5/1/96        97485.91
2173318  WESTCOTT                360    B+          5/1/96        84942.85
2173557  MCQUILKIN               360    C           5/1/96        200908.7
2173599  BOETTCHER               360    A-          5/1/96        165680.5
2173672  WRIGHT                  360    B+          5/1/96        53484.69
2173805  EDGAR                   360    B           5/1/96        99959.17
2173821  MONDONEDO               360    A-          5/1/96          145702
2174043  EDWARDS                 360    C           5/1/96        59980.83
2174126  HATCH                   360    C           5/1/96        86963.51
2174142  HEADLEY                 360    C           5/1/96        78726.17
2174407  BROWER                  360    A-          5/1/96         55562.7
2174415  REYES                   360    A-          5/1/96        105242.4
2174530  HEINLEN                 360    A-          5/1/96        63721.73
2174639  ASHLOCK                 360    A-          5/1/96        62967.34
2174654  MALVANEY                360    A-          5/1/96        69270.81
2175230  PALINSKY                360    B           5/1/96        72779.12
2175289  BROWNING                360    C-          5/1/96        33143.94
2175347  HOWELL                  360    A-          5/1/96        24490.77
2175370  LEWIS                   360    C-          5/1/96        31488.65
2175958  MILLER                  360    C           5/1/96        121770.5
2176030  BOGUE                   360    C           5/1/96        80219.79
2176469  DELGADO                 360    B           5/1/96        247057.8
2176592  SILVA                   360    A-          5/1/96        32162.81
2176816  PHILLIPS                180    C           5/1/96        33632.48
2177426  RUDIN                   360    C           5/1/96        108477.9
2177608  FRENCH                  360    A-          5/1/96        83454.39
2177756  DOLCE                   360    C-          5/1/96        69983.99
2177913  NACCARATO               360    A-          5/1/96        210258.5
2178382  COLLINS                 360    B           5/1/96        21743.76
2178457  MILLS                   360    B-          5/1/96        63728.48
2178689  ZABRISKIE               360    B           5/1/96        56774.82
2178812  DAVIS                   360    B+          5/1/96        95135.99
2178929  URSO                    360    C           5/1/96        102339.5
2178986  JORDAN                  120    C-          5/1/96        24645.52
2178994  ABNEY                   360    A-          5/1/96        101094.6
2179281  YOUNG                   360    A-          5/1/96        155400.8
2179505  FRANZEN                 360    A-          5/1/96        86214.79


                                    Page  8

<PAGE>

<CAPTION>

 Loan                     Current         Note                        Close                Paid     Appraisal      Zip    Original  
Number   Last Name        Balance         Rate       Margin    LTV     Date      State    to Date     Amount       Code  Loan Amount
- -------  -------------   -----------    -------     -------   -----   -------    -----    -------   ----------    -----  -----------
<S>      <C>             <C>            <C>         <C>       <C>     <C>        <C>      <C>       <C>           <C>    <C>        
2180081  ZIVKOVIC             296000      9.250      7.000      72    3/27/96      IL      4/1/96       410000    60622       296000
2180180  FRANZGROTE            85480     10.500      7.000      68    3/29/96      IL      4/1/96       126000    60050        85480
2180230  SWINEY                24800     11.750      6.750      80    3/22/96      TX      4/1/96        31000    77378        24800
2180263  STULTZ                55125     10.500      7.000      75    3/22/96      NM      4/1/96        73500    87108        55125
2180289  BROWN              43986.69     11.750      7.250      50    3/12/96      IN      4/1/96        88000    47438        44000
2180297  BAER                  96000      8.500      6.625      80    3/29/96      AZ      4/1/96       120000    85282        96000
2180305  ROBY                  12250     13.750      6.625      51    3/18/96      MO      4/1/96        24000    63120        12250
2180495  KALE                  42000     13.250      7.125      75    3/29/96      OH      4/1/96        56000    43223        42000
2180578  JUERGENS             263200      7.250      6.500      80    3/27/96      CA      4/1/96       329000    95124       263200
2180669  ROBERSON             133000      9.625      5.365      70    3/19/96      CA      4/1/96       190000    96097       133000
2180941  POTTER               185250      9.500      6.750      65    3/26/96      IL      4/1/96       285000    60423       185250
2180966  BELL                  60400      9.500      4.250      41    3/25/96      GA      4/1/96       149000    30338        60400
2181030  MCGINN JR            126500     10.500      6.250      55    3/29/96      PA      4/1/96       230000    19380       126500
2181139  BURGESS              103600      8.990      4.250      80    3/25/96      FL      4/1/96       129500    33444       103600
2181311  FLEMING              115000      9.500      6.500      58    3/28/96      CA      4/1/96       200000    90016       115000
2181444  NAVARRETE            193000      8.500      5.000      74    3/29/96      NJ      4/1/96       260000    07302       193000
2181469  WOODSON              101250      9.250      6.500      75    3/30/96      CA      4/1/96       135000    94591       101250
2181659  CANCHOLA              79750      9.375      6.500      55    3/30/96      CA      4/1/96       145000    95492        79750
2181667  HADIZAD              150000      8.125      5.500      75    3/19/96      CA      4/1/96       200000    90404       150000
2181956  LERDALL               96000     10.990      7.000      75    3/25/96      CO      4/1/96            0    80918        96000
2182152  DERRISO               46500     12.500      7.000      75    3/18/96      MI      4/1/96        62000    48221        46500
2182251  GOTO                  70000      8.990      3.750      59    3/26/96      WA      4/1/96       118000    98118        70000
2183739  LANCASTER JR          79600      8.250      6.250      72    3/28/96      AZ      4/1/96       111000    86314        79600
2183796  PETERS               120000     10.250      6.500      80    3/29/96      AZ      4/1/96       150000    85737       120000
2183952  RODRIGUEZ             46200     10.375      6.375      70    3/29/96      CA      4/1/96        66000    95206        46200
2183960  RODRIGUEZ             35750     10.375      6.375      65    3/29/96      CA      4/1/96        55000    95206        35750
2184844  THURSTON              63900      7.500      6.750      80    3/15/96      TN      4/1/96        80000    38401        63900
2185114  YOACHUM              171500      8.490      6.000      76    3/15/96      UT      4/1/96       225000    84403       171500
2185411  COLEMAN               42800     10.600      6.750      80    3/19/96      MI      4/1/96        53500    48228        42800
2185718  RIEPE                 76750      9.250      6.500      80    3/21/96      CA      4/1/96        96000    93552        76750
2185734  MCCARTHY              65600     10.375      5.500      80    3/26/96      PA      4/1/96        82000    15227        65600
2185874  NICE                  87750      9.500      5.750      75    3/19/96      CA      4/1/96       117000    92243        87750
2185932  KUSHNATSIAN          112000      8.250      5.500      80    3/7/96       CA      4/1/96       154000    91605       112000
2186054  BOSCAMP               20000     10.375      6.375      14    3/30/96      IL      4/1/96       145000    60048        20000
2186658  LAKUS                 69000     10.990      6.500      75    3/26/96      PA      4/1/96        92000    15017        69000
2186682  SCHOLL                31200     14.800      7.125      59    3/29/96      OH      4/1/96        53000    43612        31200
2186708  FORSBERG              63600     10.750      6.500      60    3/29/96      IL      4/1/96       106000    60455        63600


<CAPTION>

 Loan                   Amortization     Credit      Due     6/1 Scheduled 
Number   Last Name          Term        Category     Date       Balance    
- -------  -------------  ------------    --------    ------   ------------- 
<S>      <C>            <C>             <C>         <C>      <C>           
2180081  ZIVKOVIC                360    A-          5/1/96        295846.6 
2180180  FRANZGROTE              360    B+          5/1/96        85446.03 
2180230  SWINEY                  360    B           5/1/96         24792.5 
2180263  STULTZ                  360    C           5/1/96        55103.09 
2180289  BROWN                   360    C           5/1/96        43973.25 
2180297  BAER                    360    A-          5/1/96        95941.84 
2180305  ROBY                    180    C           5/1/96        12229.27 
2180495  KALE                    360    C-          5/1/96        41990.92 
2180578  JUERGENS                360    B+          5/1/96        262994.7 
2180669  ROBERSON                360    A-          5/1/96        132936.3 
2180941  POTTER                  360    A-          5/1/96        185158.9 
2180966  BELL                    360    B           5/1/96        60370.29 
2181030  MCGINN JR               360    C-          5/1/96        126449.7 
2181139  BURGESS                 360    B+          5/1/96        103543.3 
2181311  FLEMING                 360    B-          5/1/96        114943.4 
2181444  NAVARRETE               360    B+          5/1/96        192883.1 
2181469  WOODSON                 360    B+          5/1/96        101197.5 
2181659  CANCHOLA                360    B-          5/1/96        79709.73 
2181667  HADIZAD                 360    A-          5/1/96        149901.9 
2181956  LERDALL                 360    C           5/1/96        95965.69 
2182152  DERRISO                 360    B+          5/1/96         46488.1 
2182251  GOTO                    360    A-          5/1/96        69961.69 
2183739  LANCASTER JR            360    A-          5/1/96        79549.24 
2183796  PETERS                  360    C           5/1/96        119949.7 
2183952  RODRIGUEZ               180    B+          5/1/96        46092.32 
2183960  RODRIGUEZ               180    B+          5/1/96        35666.68 
2184844  THURSTON                360    A-          5/1/96        63848.43 
2185114  YOACHUM                 360    A-          5/1/96        171395.9 
2185411  COLEMAN                 360    A-          5/1/96        42783.36 
2185718  RIEPE                   360    B           5/1/96        76210.21 
2185734  MCCARTHY                180    A-          5/1/96         65447.1 
2185874  NICE                    360    B+          5/1/96        87706.84 
2185932  KUSHNATSIAN             360    A-          5/1/96        111928.6 
2186054  BOSCAMP                 360    A-          5/1/96        19991.84 
2186658  LAKUS                   240    A-          5/1/96        68920.18 
2186682  SCHOLL                  360    C-          5/1/96        31195.27 
2186708  FORSBERG                360    C-          5/1/96        63576.06 


                                    Page  9

<PAGE>

<CAPTION>

 Loan                     Current         Note                        Close                Paid     Appraisal      Zip    Original  
Number   Last Name        Balance         Rate       Margin    LTV     Date      State    to Date     Amount       Code  Loan Amount
- -------  -------------   -----------    -------     -------   -----   -------    -----    -------   ----------    -----  -----------
<S>      <C>             <C>            <C>         <C>       <C>     <C>        <C>      <C>       <C>           <C>    <C>        
2186807  CHRISTOPHER           31200     12.990      7.125      65    3/28/96      OH      4/1/96        48000    44052        31200
2187193  ILHARDT              123750     11.310      6.000      75    3/29/96      OH      4/1/96       165000    45103       123750
2187698  COHANIM              203000      8.200      5.990      69    3/29/96      WA      4/1/96       294000    98112       203000
2187839  WARD                 122400      6.990      5.990      80    3/19/96      GA      4/1/96       153000    30073       122400
2187938  SCHULTZ               61500     11.250      7.250      75    3/2/96       MI      4/1/96        82000    48362        61500
2188142  MCLEAN               150000      7.990      5.500      75    3/30/96      MN      4/1/96       200000    55447       150000
2188407  YOUNG                136800      8.750      6.990      80    3/19/96      CA      4/1/96       171000    92399       136800
2188423  MILLER, JR           115000     10.750      6.990      57    3/21/96      CA      4/1/96       203500    94523       115000
2188621  KELLEY                17485     13.000      7.250      65    3/29/96      KS      4/1/96        26900    67501        17485
2188654  BUTLER                42000     10.750      6.500      75    3/29/96      IL      4/1/96        56000    60545        42000
2188696  SHORE                 94500     10.375      6.500      70    3/22/96      CA      4/1/96       135000    91722        94500
2189017  ZIMA, JR             350000      8.500      4.500      85    3/18/96      CA      4/1/96       412000    92562       350000
2189231  DAVIS                250000      8.250      6.750      78    3/20/96      CO      4/1/96       320000    80227       250000
2189249  GOODWIN               77000     13.250      7.250      70    3/19/96      MI      4/1/96       117000    49065        77000
2189348  PAREDES               66750     13.000      6.875      75    3/13/96      IL      4/1/96        89000    60617        66750
2189405  MEADOWS               56000     12.000      7.750      70    3/29/96      MI      4/1/96        82500    49001        56000
2189603  COLEMAN              101250     11.400      6.500      75    3/26/96      CA      4/1/96       135000    90044       101250
2190015  FAUSNAUGH             48000     11.000      6.500      69    3/20/96      IN      4/1/96        70000    46307        48000
2190130  WAWERSKI              42750     10.375      6.375      75    3/25/96      IL      4/1/96        57000    61350        42750
2190577  BARTHOLOMEW           84000     10.500      7.250      51    3/29/96      IL      4/1/96       164000    60101        84000
2190726  MC CLARAN            225000      9.990      6.500      75    3/14/96      CA      4/1/96       320000    92686       225000
2191138  WANN                 304000      7.990      6.500      80    3/29/96      CA      4/1/96       380000    94539       304000
2191187  RANDALL              181600     10.375      6.375      80    3/30/96      CA      5/1/96       235000    93309       181600
2191229  WRIGHT                46200      9.500      6.000      70    3/29/96      OR      4/1/96        66000    97217        46200
2191468  TOUCHET               93000     12.600      7.250      75    3/28/96      LA      4/1/96       124000    70809        93000
2191914  WARD                  45000      8.500      5.250      79    3/19/96      IL      5/1/96        57000    60426        45000
2191948  ALLEN                 73600     10.375      6.375      80    3/29/96      IL      4/1/96        92000    60644        73600
2192169  FIORITI               95000      8.990      4.900      55    3/29/96      NY      4/1/96       172000    10965        95000
2192359  WILLIAMS              92000      8.990      5.500      80    3/26/96      MN      4/1/96       115000    55433        92000
2192474  GRAHAM                19250     12.500      7.000      55    3/30/96      MO      4/1/96        35000    63115        19250
2192565  YOUNGER               69500      8.750      6.750      67    3/19/96      CO      4/1/96       103000    80022        69500
2193100  LYONS                256000      7.750      4.990      80    3/26/96      CA      4/1/96       320000    94538       256000
2193183  BOYD                  18900     12.500      6.500      70    3/30/96      OH      4/1/96        27000    44505        18900
2193456  DOBBINS               91600      9.750      5.750      80    3/22/96      MI      4/1/96       114500    48127        91600
2193605  JOHNSON               64400     11.740      7.250      70    3/12/96      UT      4/1/96        92000    84118        64400
2193639  VLASIS                11400     10.750      6.250      57    3/14/96      IL      4/1/96        20000    60649        11400
2193738  SCUDDER               59415      9.625      4.250      85    3/29/96      GA      4/1/96        72500    30117        59415


<CAPTION>

 Loan                   Amortization     Credit      Due     6/1 Scheduled 
Number   Last Name          Term        Category     Date       Balance    
- -------  -------------  ------------    --------    ------   ------------- 
<S>      <C>            <C>             <C>         <C>      <C>           
2186807  CHRISTOPHER             180    C-          5/1/96        31143.18
2187193  ILHARDT                 360    B           5/1/96        123708.8
2187698  COHANIM                 360    A-          5/1/96        202869.2
2187839  WARD                    360    B+          5/1/96          122263
2187938  SCHULTZ                 360    A-          5/1/96        61479.23
2188142  MCLEAN                  360    A-          5/1/96        149899.2
2188407  YOUNG                   360    A-          5/1/96        136721.3
2188423  MILLER, JR              360    C           5/1/96        114956.7
2188621  KELLEY                  360    C-          5/1/96           17481
2188654  BUTLER                  360    B-          5/1/96        41984.19
2188696  SHORE                   360    B-          5/1/96        94461.42
2189017  ZIMA, JR                360    A-          5/1/96        349765.5
2189231  DAVIS                   360    A-          5/1/96        249840.6
2189249  GOODWIN                 360    A-          5/1/96        76983.36
2189348  PAREDES                 360    C           5/1/96        66734.74
2189405  MEADOWS                 360    A-          5/1/96        55983.98
2189603  COLEMAN                 360    B-          5/1/96        101216.9
2190015  FAUSNAUGH               360    B           5/1/96        47982.88
2190130  WAWERSKI                360    B           5/1/96        42732.55
2190577  BARTHOLOMEW             360    B           5/1/96        83966.62
2190726  MC CLARAN               360    A-          5/1/96        224900.3
2191138  WANN                    360    A-          5/1/96        303695.6
2191187  RANDALL                 360    A-          6/1/96          181600
2191229  WRIGHT                  360    A-          5/1/96        46177.28
2191468  TOUCHET                 360    A-          5/1/96        92976.72
2191914  WARD                    360    A-          6/1/96        44996.04
2191948  ALLEN                   360    A-          5/1/96        73569.95
2192169  FIORITI                 360    A-          5/1/96           94948
2192359  WILLIAMS                360    B+          5/1/96        91949.64
2192474  GRAHAM                  360    C           5/1/96        19245.07
2192565  YOUNGER                 360    A-          5/1/96        69460.01
2193100  LYONS                   360    A-          5/1/96        255819.3
2193183  BOYD                    180    B-          5/1/96        18863.92
2193456  DOBBINS                 360    B           5/1/96        91457.26
2193605  JOHNSON                 360    C           5/1/96        64380.48
2193639  VLASIS                  180    A-          5/1/96        11374.33
2193738  SCUDDER                 360    A-          5/1/96        59386.53


                                    Page  10

<PAGE>

<CAPTION>

 Loan                     Current         Note                        Close                Paid     Appraisal      Zip    Original  
Number   Last Name        Balance         Rate       Margin    LTV     Date      State    to Date     Amount       Code  Loan Amount
- -------  -------------   -----------    -------     -------   -----   -------    -----    -------   ----------    -----  -----------
<S>      <C>             <C>            <C>         <C>       <C>     <C>        <C>      <C>       <C>           <C>    <C>        
2194066  WUERCH                83200      9.500      6.750      72    3/25/96      OR      4/1/96       115000    97304        83200
2194561  EDGE                  19300     13.990      7.125      29    3/30/96      IA      4/1/96        65500    50208        19300
2194686  SAFFARZADEH           60750      9.000      6.187      75    3/29/96      CA      4/1/96        81000    93705        60750
2194850  JOYNER               135000     11.500      6.125      75    3/15/96      CA      4/1/96       180000    92107       135000
2194868  RICHARDSON           100000      8.990      6.500      80    3/29/96      CA      4/1/96       125000    91761       100000
2195063  MARTINEZ             108200     10.600      5.350      80    3/22/96      NM      4/1/96       135305    87120       108200
2195113  MURRAY                54000     10.000      6.750      75    3/29/96      MI      4/1/96        72000    48081        54000
2195311  BENNETT               67500     12.375      7.250      75    3/22/96      IN      4/1/96        90000    47933        67500
2195659  CURRY                 84500      9.250      6.750      65    3/22/96      CA      4/1/96       130000    90002        84500
2195709  TREVINO               53200      9.500      6.000      70    3/30/96      CO      4/1/96        76000    80543        53200
2196202  GODINEZ               56250     11.500      6.375      75    3/21/96      CA      4/1/96        75000    92411        56250
2196624  WILLIAMS             144000      9.000      6.375      80    3/29/96      CO      4/1/96       180000    80004       144000
2197051  SOSA                 240000      8.990      5.990      67    3/27/96      CA      4/1/96       360000    90290       240000
2197085  GARNER                60500      8.990      6.500      71    3/29/96      NJ      4/1/96        85000    07304        60500
2197838  BRAYBOY               12000     13.500      7.125      65    3/29/96      MI      4/1/96        18500    48206        12000
2198299  MEKELBURG             90750     10.250      6.990      75    3/28/96      CO      4/1/96       121000    80033        90750
2198307  HOLMES                55500     11.990      7.250      75    3/30/96      KY      4/1/96        74000    41014        55500
2199263  DAVIS                 37100     10.750      6.500      70    3/29/96      IL      4/1/96        53000    60601        37100
2199354  MINOR                 22500     13.500      7.125      75    3/30/96      MO      4/1/96        30000    64128        22500
2199834  ALVAREZ               58100      9.500      5.990      70    3/25/96      CA      4/1/96        85000    93646        58100
2199867  LARIE                 70400     11.000      7.125      80    3/29/96      IL      4/1/96        88000    60110        70400
2199891  WINFREY               21450     14.000      7.000      55    3/30/96      MO      4/1/96        39000    63120        21450
2200129  HUSEMAN               60000      7.750      5.990      43    3/28/96      CA      4/1/96       140000    93436        60000
2200251  McCLURE               75000     11.250      6.375      75    3/25/96      NV      4/1/96       100000    89110        75000
2200418  HASSAN               120000     10.875      7.000      75    3/19/96      IL      4/1/96       160000    60656       120000
2200905  GREEN                 43550     11.500      6.500      65    3/29/96      MI      4/1/96        67000    49450        43550
2200913  LOWERY                28000      8.750      7.250      50    3/28/96      WA      4/1/96        56000    98577        28000
2200954  DOYLE, SR            116000      7.990      6.500      80    3/29/96      CA      4/1/96       145000    91711       116000
2201069  PAWL                  57960     15.750      7.125      69    3/27/96      OH      4/1/96        84000    44130        57960
2201291  BROWN                 58400     12.500      7.250      80    3/27/96      OH      4/1/96        73000    44128        58400
2201648  MC INTYRE            131250     11.500      6.500      75    3/30/96      CA      4/1/96       175000    95376       131250
2201903  BARBA                273750      9.990      6.500      75    3/29/96      CA      4/1/96       365000    90291       273750
2202232  WILLIAMS             500000     10.250      7.000      65    3/29/96      IL      4/1/96       770000    60305       500000
2202257  TAGLIERE              80250      9.250      6.500      75    3/22/96      CA      4/1/96       120000    91344        80250
2202406  RODISHA               77250     10.375      6.375      75    3/30/96      CA      4/1/96       103000    90301        77250
2202562  BENNETT               85800     13.350      7.125      65    3/29/96      CA      4/1/96       132000    90002        85800
2202711  MARTINEZ              86250     10.375      6.375      75    3/29/96      IL      4/1/96       115000    60104        86250


<CAPTION>

 Loan                   Amortization     Credit      Due     6/1 Scheduled 
Number   Last Name          Term        Category     Date       Balance    
- -------  -------------  ------------    --------    ------   ------------- 
<S>      <C>            <C>             <C>         <C>      <C>           
2194066  WUERCH                  360    B           5/1/96        83159.08
2194561  EDGE                    180    C-          5/1/96        19268.11
2194686  SAFFARZADEH             360    A-          5/1/96        60716.82
2194850  JOYNER                  360    C           5/1/96        134956.9
2194868  RICHARDSON              240    A-          5/1/96        99850.09
2195063  MARTINEZ                360    B-          5/1/96        108157.9
2195113  MURRAY                  360    A-          5/1/96        53976.11
2195311  BENNETT                 360    A-          5/1/96        67476.09
2195659  CURRY                   360    B-          5/1/96        84456.19
2195709  TREVINO                 360    B           5/1/96        53173.84
2196202  GODINEZ                 360    C           5/1/96        56232.02
2196624  WILLIAMS                360    A-          5/1/96        143921.3
2197051  SOSA                    360    A-          5/1/96        239868.6
2197085  GARNER                  240    A-          5/1/96         60409.3
2197838  BRAYBOY                 180    C-          5/1/96         11979.2
2198299  MEKELBURG               360    A-          5/1/96        90711.95
2198307  HOLMES                  360    A-          5/1/96        55484.09
2199263  DAVIS                   360    A-          5/1/96        37086.03
2199354  MINOR                   360    C           5/1/96         22495.4
2199834  ALVAREZ                 360    A-          5/1/96        58071.42
2199867  LARIE                   360    B-          5/1/96        70374.89
2199891  WINFREY                 180    C-          5/1/96        21414.59
2200129  HUSEMAN                 360    A-          5/1/96        59957.65
2200251  McCLURE                 360    A-          5/1/96        74974.68
2200418  HASSAN                  360    A-          5/1/96          119956
2200905  GREEN                   360    B           5/1/96        43536.08
2200913  LOWERY                  360    A-          5/1/96        27983.89
2200954  DOYLE, SR               360    A-          5/1/96          115922
2201069  PAWL                    360    C-          5/1/96        57952.98
2201291  BROWN                   360    B           5/1/96        58385.05
2201648  MC INTYRE               360    B-          5/1/96        131208.1
2201903  BARBA                   360    B-          5/1/96        273628.6
2202232  WILLIAMS                360    C           5/1/96        499790.3
2202257  TAGLIERE                360    B           5/1/96        80208.39
2202406  RODISHA                 360    C-          5/1/96        77218.46
2202562  BENNETT                 360    A-          5/1/96        85781.88
2202711  MARTINEZ                360    B           5/1/96        86214.79


                                    Page  11

<PAGE>

<CAPTION>

 Loan                     Current         Note                        Close                Paid     Appraisal      Zip    Original  
Number   Last Name        Balance         Rate       Margin    LTV     Date      State    to Date     Amount       Code  Loan Amount
- -------  -------------   -----------    -------     -------   -----   -------    -----    -------   ----------    -----  -----------
<S>      <C>             <C>            <C>         <C>       <C>     <C>        <C>      <C>       <C>           <C>    <C>        
2202810  HITSON               202500     11.500      7.250      74    3/20/96      GA      4/1/96       275000    30328       202500
2202901  BENNETT               65000     13.350      7.125      65    3/29/96      CA      4/1/96       100000    92570        65000
2203024  WILMOT                60900     10.990      7.250      70    3/20/96      FL      4/1/96        87000    34644        60900
2203214  RODRIGUEZ             33000      9.990      7.250      60    3/27/96      CA      4/1/96        55000    93725        33000
2203321  BAKER                 77350      9.990      5.990      85    3/27/96      CO      4/1/96        91000    80916        77350
2203404  APPEL, SR             58000      9.490      6.500      35    3/29/96      NJ      4/1/96       166000    07410        58000
2203495  SHURMUR               38000      9.500      6.750      40    3/22/96      MI      4/1/96        95500    48124        38000
2203594  FREELUND              73500     10.875      6.000      67    3/27/96      WA      4/1/96       110000    98001        73500
2203842  SICHAMPANAKHON        60000     11.500      6.500      75    3/26/96      KS      4/1/96        80000    66061        60000
2204162  CAVE                  38250     11.375      6.375      75    3/29/96      OH      4/1/96        51000    45227        38250
2204170  ROBERTS               60000      8.250      5.990      75    3/29/96      CA      4/1/96        80000    95828        60000
2204287  VANCE                 18000     11.500      6.500      75    3/29/96      MI      4/1/96        24000    48912        18000
2204543  RANDLE                48000      9.000      6.000      46    3/29/96      CO      4/1/96       105000    80239        48000
2204741  AMAYA              94453.52      9.500      6.370      70    3/30/96      CA      5/1/96       135000    93657        94500
2205011  HUGHES                54600     13.350      8.250      65    3/29/96      IL      4/1/96        84000    60643        54600
2205599  MILLARD               96000     11.500      6.500      75    3/26/96      CA      4/1/96       128000    90037        96000
2205771  LERDALL               42400     10.750      7.000      80    3/29/96      CO      4/1/96        53000    80909        42400
2205839  MULLEN                40000     10.375      6.375      47    3/29/96      AZ      4/1/96        85000    86004        40000
2205979  PAUL                  69000      8.990      6.750      75    3/27/96      FL      4/1/96        92000    33140        69000
2206209  BERNASEK              64500      9.990      6.500      75    3/27/96      CO      4/1/96        86000    80226        64500
2206282  NELL                  88000      7.990      6.750      80    3/25/96      UT      4/1/96       110000    84118        88000
2206324  ROMERO                92400      8.250      6.750      80    3/27/96      CO      4/1/96       115500    80005        92400
2206423  COWDERY               64500     11.990      6.500      75    3/29/96      NV      4/1/96        86000    89110        64500
2206688  AVANT                 70000     13.000      7.250      64    3/28/96      IL      4/1/96       110000    60153        70000
2206696  REMAN                111375      8.250      6.000      75    3/29/96      OR      4/1/96       148500    97233       111375
2206712  WEBB                  30000     12.600      7.250      60    3/27/96      OH      4/1/96        50000    44113        30000
2206746  HOLDEN                68000      8.500      5.125      80    3/30/96      WY      4/1/96        85000    82001        68000
2207082  RULLA                 66000     10.750      6.750      72    3/27/96      CO      4/1/96        91000    80631        66000
2207140  BARRETT              203000      6.900      5.990      75    3/25/96      CA      4/1/96       290000    91423       203000
2207744  HUNDLEY               30600     12.990      6.500      28    3/27/96      OH      4/1/96       110000    44116        30600
2208239  HOUSTON               68000     10.990      6.375      80    3/29/96      OH      4/1/96        85000    43224        68000
2208668  WILKINS               16800     13.000      7.125      60    3/29/96      MO      4/1/96        28000    64130        16800
2208932  DOTY  JR              79500     11.375      7.250      75    3/28/96      GA      4/1/96       106000    30038        79500
2208940  ZILLMER               96000     10.500      6.500      75    3/28/96      CA      4/1/96       128000    91767        96000
2209153  ORTIZ, JR            162400     10.500      7.250      80    3/21/96      CA      4/1/96       203000    95037       162400
2209336  SMITH                 63750     11.750      6.200      75    3/29/96      CA      4/1/96        85000    94621        63750
2209492  JENSEN                70015     10.990      5.625      55    3/30/96      UT      4/1/96       127300    84106        70015


<CAPTION>

 Loan                   Amortization     Credit      Due     6/1 Scheduled 
Number   Last Name          Term        Category     Date       Balance    
- -------  -------------  ------------    --------    ------   ------------- 
<S>      <C>            <C>             <C>         <C>      <C>           
2202810  HITSON                  360    A-          5/1/96        202435.3 
2202901  BENNETT                 360    A-          5/1/96        64986.26 
2203024  WILMOT                  360    B           5/1/96        60878.24 
2203214  RODRIGUEZ               360    C-          5/1/96        32985.38 
2203321  BAKER                   360    A-          5/1/96        77315.71 
2203404  APPEL, SR               360    C-          5/1/96        57971.41 
2203495  SHURMUR                 360    B           5/1/96        37981.31 
2203594  FREELUND                360    B-          5/1/96        73448.07 
2203842  SICHAMPANAKHON          180    C           5/1/96        59874.09 
2204162  CAVE                    360    A-          5/1/96        38237.44 
2204170  ROBERTS                 360    A-          5/1/96        59961.74 
2204287  VANCE                   360    C           5/1/96        17994.25 
2204543  RANDLE                  360    B           5/1/96        47973.78 
2204741  AMAYA                   360    B-          6/1/96        94453.52 
2205011  HUGHES                  360    C-          5/1/96        54588.47 
2205599  MILLARD                 360    B-          5/1/96        95969.32 
2205771  LERDALL                 360    B           5/1/96        42384.03 
2205839  MULLEN                  360    B           5/1/96        39983.67 
2205979  PAUL                    360    B+          5/1/96        68962.24 
2206209  BERNASEK                360    B           5/1/96         64471.4 
2206282  NELL                    360    C           5/1/96        87940.83 
2206324  ROMERO                  360    A-          5/1/96        92341.08 
2206423  COWDERY                 360    B-          5/1/96         64481.5 
2206688  AVANT                   360    B-          5/1/96        69983.99 
2206696  REMAN                   360    A-          5/1/96          111304 
2206712  WEBB                    360    C           5/1/96        29992.49 
2206746  HOLDEN                  360    A-          5/1/96        67958.81 
2207082  RULLA                   360    A-          5/1/96        65975.15 
2207140  BARRETT                 360    A-          5/1/96        202830.3 
2207744  HUNDLEY                 180    B           5/1/96        30544.28 
2208239  HOUSTON                 360    A-          5/1/96         67975.7 
2208668  WILKINS                 180    B+          5/1/96        16769.43 
2208932  DOTY  JR                360    B           5/1/96        79473.88 
2208940  ZILLMER                 360    B-          5/1/96        95961.85 
2209153  ORTIZ, JR               360    C           5/1/96        162335.5 
2209336  SMITH                   360    B+          5/1/96        63730.72 
2209492  JENSEN                  360    C-          5/1/96        69989.97 


                                    Page  12

<PAGE>

<CAPTION>

 Loan                     Current         Note                        Close                Paid     Appraisal      Zip    Original  
Number   Last Name        Balance         Rate       Margin    LTV     Date      State    to Date     Amount       Code  Loan Amount
- -------  -------------   -----------    -------     -------   -----   -------    -----    -------   ----------    -----  -----------
<S>      <C>             <C>            <C>         <C>       <C>     <C>        <C>      <C>       <C>           <C>    <C>        
2210219  RODRIGUEZ             64500      9.250      7.250      75    3/20/96      CO      4/1/96        86000    80903        64500
2210433  LOZANO                60000     11.250      6.250      75    3/22/96      CO      4/1/96        81000    80620        60000
2211241  LILES                 64875     11.500      6.500      75    3/29/96      MI      4/1/96        86500    48842        64875
2211977  SHELBY                30400     10.990      7.125      80    3/30/96      MO      4/1/96        38000    63115        30400
2212389  CUMMINGS              86250     13.490      7.125      75    3/29/96      CA      4/1/96       115000    91301        86250
2212496  MILLER                26000     12.990      7.250      65    3/29/96      PA      4/1/96        40000    16602        26000
2212827  McCARTY               19800     13.500      7.125      60    3/29/96      MO      4/1/96        33000    64109        19800
2215333  NOLAN                336000      7.990      7.250      80    3/29/96      WA      4/1/96       420000    98032       336000
2215465  BATTERTON            280000      9.505      6.500      62    3/29/96      CA      4/1/96       450000    94517       280000
2216075  DEES                  24000     13.500      8.000      53    3/26/96      AL      4/1/96        45000    36610        24000
2216745  EMERY                100000      8.500      5.500      42    3/29/96      WA      4/1/96       240000    98177       100000
2216752  GOODRICH             105000      9.500      6.250      51    3/26/96      OR      4/1/96       205000    97469       105000
2216844  ADAMES                75000     11.000      6.750      60    3/30/96      CA      4/1/96       125000    94601        75000
2217008  ROUBALOVA             96000     11.990      6.125      60    3/29/96      CA      4/1/96       160000    91754        96000
2217909  SCOTT                266000     10.375      6.375      70    3/29/96      CA      4/1/96       380000    94610       266000
2217925  BELL                  92000      9.750      6.000      80    3/30/96      CO      4/1/96       115000    80403        92000
2217982  COLLINS               40320     15.500      6.990      72    3/30/96      GA      4/1/96        56000    30080        40320
2218600  ST JEAN               94400     10.500      6.750      80    3/29/96      CT      4/1/96       118000    06239        94400
2219400  CHAO                 125000      9.750      6.750      75    3/27/96      MD      4/1/96       169000    21012       125000
2220200  HASSY                202500     10.375      6.375      75    3/28/96      CA      4/1/96       270000    95119       202500
2220259  MAURIZI               75000     12.000      6.500      75    3/22/96      PA      4/1/96       105000    19007        75000
2220812  MILLER               134000     12.500      6.875      80    3/29/96      GA      4/1/96       170000    30243       134000
2221083  HUFFMAN,JR           268000     10.250      5.750      80    3/28/96      CA      4/1/96       335000    91711       268000
2221653  MECHAM                80000     11.000      5.500      80    3/30/96      UT      4/1/96       100000    84120        80000
2221851  HALE                  81000      9.750      6.250      75    3/29/96      CO      4/1/96       108000    80012        81000
2221935  LACY                  52500     12.990      7.125      75    3/27/96      NV      4/1/96        70000    89030        52500
2222222  BARTON               155000     10.990      7.000      36    3/29/96      CA      4/1/96       435000    91741       155000
2222784  VIEIRA               168750      9.500      5.750      75    3/29/96      CA      4/1/96       225000    95116       168750
2223030  LAZO                  85000      9.500      5.500      59    3/28/96      CA      4/1/96       145000    92336        85000
2225407  DIPADOVA              15000     12.990      7.250      30    3/28/96      PA      4/1/96        50500    15235        15000
2227023  SOBH                  37500      8.500      5.250      72    3/29/96      MI      4/1/96        52000    48228        37500
2228146  RILEY                138750      9.250      6.750      75    3/28/96      TX      4/1/96       190000    75002       138750
2228484  TANTISALIDCHAI       154400      7.750      5.500      80    3/29/96      CA      4/1/96       193000    90703       154400
2228567  PRESSLY               45650     11.750      7.250      55    3/29/96      TX      4/1/96        83000    76109        45650
2228799  BROWN  JR             32200      8.990      6.500      69    3/29/96      MI      4/1/96        47000    48509        32200
2228989  BROWN JR              29400      8.990      6.500      70    3/29/96      MI      4/1/96        42000    48060        29400
2229086  BROWN JR              24500      8.990      6.500      70    3/29/96      MI      4/1/96        35000    48060        24500


<CAPTION>

 Loan                   Amortization     Credit      Due     6/1 Scheduled 
Number   Last Name          Term        Category     Date       Balance    
- -------  -------------  ------------    --------    ------   ------------- 
<S>      <C>            <C>             <C>         <C>      <C>           
2210219  RODRIGUEZ               360    A-          5/1/96        64466.56
2210433  LOZANO                  360    A-          5/1/96        59979.74
2211241  LILES                   360    A-          5/1/96        64854.27
2211977  SHELBY                  180    A-          5/1/96        30333.08
2212389  CUMMINGS                360    B+          5/1/96        86232.35
2212496  MILLER                  360    C           5/1/96        25994.04
2212827  McCARTY                 180    C           5/1/96        19765.68
2215333  NOLAN                   360    A-          5/1/96        335774.1
2215465  BATTERTON               360    A-          5/1/96        279862.4
2216075  DEES                    360    C-          5/1/96         23995.1
2216745  EMERY                   360    A-          5/1/96        99939.42
2216752  GOODRICH                360    A-          5/1/96        104948.4
2216844  ADAMES                  360    A-          5/1/96        74973.26
2217008  ROUBALOVA               360    B           5/1/96        95972.47
2217909  SCOTT                   360    A-          5/1/96        265891.4
2217925  BELL                    360    A-          5/1/96        91957.08
2217982  COLLINS                 360    C-          5/1/96        40314.81
2218600  ST JEAN                 360    B-          5/1/96        94362.49
2219400  CHAO                    360    B           5/1/96        124941.7
2220200  HASSY                   360    C-          5/1/96        202417.3
2220259  MAURIZI                 360    C           5/1/96        74978.54
2220812  MILLER                  360    A-          5/1/96        133965.7
2221083  HUFFMAN,JR              360    B-          5/1/96        267887.6
2221653  MECHAM                  360    A-          5/1/96        79971.47
2221851  HALE                    360    B-          5/1/96        80962.21
2221935  LACY                    360    B           5/1/96        52487.96
2222222  BARTON                  360    B+          5/1/96        154944.6
2222784  VIEIRA                  360    A-          5/1/96          168667
2223030  LAZO                    360    A-          5/1/96        84958.19
2225407  DIPADOVA                180    C           5/1/96        14972.69
2227023  SOBH                    360    A-          5/1/96        37477.29
2228146  RILEY                   360    A-          5/1/96        138678.1
2228484  TANTISALIDCHAI          360    A-          5/1/96          154291
2228567  PRESSLY                 360    A-          5/1/96        45636.19
2228799  BROWN  JR               360    A-          5/1/96        32182.37
2228989  BROWN JR                360    A-          5/1/96        29383.91
2229086  BROWN JR                360    A-          5/1/96        24486.59


                                    Page  13

<PAGE>

<CAPTION>

 Loan                     Current         Note                        Close                Paid     Appraisal      Zip    Original  
Number   Last Name        Balance         Rate       Margin    LTV     Date      State    to Date     Amount       Code  Loan Amount
- -------  -------------   -----------    -------     -------   -----   -------    -----    -------   ----------    -----  -----------
<S>      <C>             <C>            <C>         <C>       <C>     <C>        <C>      <C>       <C>           <C>    <C>        
2230704  SIMPSON               29250     13.990      6.375      65    3/29/96      MI      4/1/96        45000    48224        29250
2232627  LUONG                228000      7.250      6.250      80    3/28/96      CO      4/1/96       285000    80126       228000
2233591  DRAKE                 30000      9.990      4.375      59    3/30/96      OH      4/1/96        51000    43207        30000
2236263  TEETER               406000      9.500      5.990      70    3/29/96      CA      4/1/96       580000    93711       406000


<CAPTION>

 Loan                   Amortization     Credit      Due     6/1 Scheduled 
Number   Last Name          Term        Category     Date       Balance    
- -------  -------------  ------------    --------    ------   ------------- 
<S>      <C>            <C>             <C>         <C>      <C>           
2230704  SIMPSON                 180    C-          5/1/96        29201.67 
2232627  LUONG                   360    A-          5/1/96        227822.1 
2233591  DRAKE                   360    A-          5/1/96         29986.7 
2236263  TEETER                  360    A-          5/1/96        405800.3 

</TABLE>
                                    Page  14





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