AMRESCO RESIDENTIAL SECURITIES CORP MORTGAGE LOAN TR 1997-2
8-K, 1997-07-29
ASSET-BACKED SECURITIES
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- --------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                Date of Report (Date of earliest event reported)
                                  July 22, 1997

      AMRESCO Residential Securities Corporation Mortgage Loan Trust 1997-2
             (Exact name of registrant as specified in its charter)

          New York                     333-08687-04          Application Pending
- ----------------------------        ----------------        --------------------
(State or Other Jurisdiction         (Commission File         (I.R.S. Employer
      of Incorporation)                  Number)             Identification No.)
                              
        c/o The Bank of New York
           101 Barclay Street                                                   
           New York, New York                                       10286
- ---------------------------------------                      -------------------
(Address of Principal Executive Offices)                          (Zip Code)

        Registrant's telephone number, including area code (212) 485-1784

                                       N/A
           -----------------------------------------------------------
          (Former name or former address, if changed since last report)

<PAGE>

Item 2. Acquisition or Disposition of Assets

Description of the Conveyance of Subsequent Mortgage Loans

     On July 22, 1997, AMRESCO Residential  Securities Corporation Mortgage Loan
Trust 1997- 2 (the "Trust") acquired $64,040,445.44 of Subsequent Mortgage Loans
pursuant to the terms of the Pooling and Servicing Agreement dated as of June 1,
1997,  between AMRESCO  Residential  Capital Markets,  Inc., as Seller,  AMRESCO
Residential   Securities   Corporation,   as  Depositor,   Option  One  Mortgage
Corporation,  as a Servicer,  Advanta  Mortgage  Corp.  USA,  as a Servicer  and
Ameriquest  Mortgage  Company,  as a Servicer  and The Bank of New York,  in its
capacity as Trustee (the  "Pooling and  Servicing  Agreement")  and a Subsequent
Transfer Agreement among AMRESCO Residential  Capital Markets,  Inc., as Seller,
AMRESCO  Residential  Securities  Corporation,  as Depositor  and the Trust,  as
purchaser,  dated  July 22,  1997 (the  "Subsequent  Transfer  Agreement").  The
Subsequent Mortgage Loans possess the characteristics required by the Prospectus
dated July 28,  1996 and the  Prospectus  Supplement  dated June 5, 1997,  filed
pursuant  to Rule  424(b)(5)  of the Act on June  12,  1997.  The  Schedules  of
Subsequent Mortgage Loans are attached to the Subsequent Transfer Agreement.

<PAGE>

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

(a) Not applicable

(b) Not applicable

(c) Exhibits:

     10.1 Subsequent Transfer Agreement dated as of July 22, 1997, among AMRESCO
          Residential Securities Corporation, as Depositor,  AMRESCO Residential
          Capital Markets,  Inc., as Seller and AMRESCO  Residential  Securities
          Corporation Mortgage Loan Trust 1997-2 as the Purchaser.

<PAGE>

                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                             AMRESCO RESIDENTIAL SECURITIES CORPORATION 
                             MORTGAGE LOAN TRUST 1997-2

                             By:  AMRESCO Residential Securities Corporation,
                                  as Depositor

                             By:  /s/Ronald B. Kirkland
                                  ------------------------------------------ 
                                  Name:  Ronald B. Kirkland
                                  Title: Vice President and Chief Accounting
                                  Officer

Dated: July 21, 1997





                                                                    Exhibit 10.1

                          SUBSEQUENT TRANSFER AGREEMENT

     AMRESCO  Residential  Securities  Corporation  (the  "Depositor"),  AMRESCO
Residential  Capital  Markets,  Inc.  (the  "Seller"),  and AMRESCO  Residential
Securities  Corporation Mortgage Loan Trust 1997-2 (the "Purchaser") pursuant to
the  Pooling  and  Servicing  Agreement  dated  as of June  1,  1997  among  the
Depositor,  the Seller,  Option One Mortgage  Corporation,  Ameriquest  Mortgage
Company and Advanta Mortgage Corp. U.S.A., as Servicers and The Bank of New York
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
Schedules of Mortgage Loans.

     Conveyance  of  Subsequent  Mortgage  Loans.  As  of  July  22,  1997  (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 July 1, 1997 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,  $64,040,445.44,  pursuant  to this  Subsequent
Transfer Agreement and to include $18,587,678.00 of the Mortgage Loans listed on
Schedule  I-A hereto in Group I and to include  $45,452,767.44  of the  Mortgage
Loans listed in Schedule I-B hereto in Group II.

     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: /s/ Janice M. Cott
                                          -------------------------
                                              Name:  Janice M. Cott
                                              Title: Vice President

                                      AMRESCO RESIDENTIAL CAPITAL MARKETS, INC.
                                      as Seller

                                      By: /s/ Janice M. Cott
                                          -------------------------
                                              Name:  Janice M. Cott
                                              Title: Vice President

                                      AMRESCO RESIDENTIAL SECURITIES CORPORATION
                                      MORTGAGE LOAN TRUST 1997-2,
                                      by The Bank of New York as Trustee

                                      By: /s/ Franklin B. Austin
                                          -------------------------
                                              Name:  Franklin B. Austin
                                              Title: Assistant Vice President

Dated: July 22, 1997

<PAGE>

AMRESCO Mortgage Loan Schedule
1997-2 PreFund 2 Group 1 Fixed Rate Loans

<TABLE>
<CAPTION>
 Servicer       AMRESCO      Last                                                                    Zip      Property      Maturity
Loan Number   Loan Number    Name                Address                  City            State     Code       Type           Date
- -----------   -----------    ----                -------                  ----            -----     ----       ----           ----
<C>            <C>          <S>           <C>                            <C>               <C>      <C>         <C>         <C> 
  2446599      2446599AD    GARDEA        14826 BENFIELD AVENUE          NORWALK           CA       90650       SFR         10/1/26
  3044435      3044435AD    HARMON        517 STONEFORD AVENUE           OAKLAND           CA       94603       SFR         4/1/27
  3044864      3044864AD    SPOTTEN       102 NORTH HARRIS DRIVE         MESA              AZ       85203       SFR         4/1/27
  3045283      3045283AD    MANGUM        1918 FORTY-SECOND AVENUE       CAPITOLA          CA       95010       SFR         5/1/27
  3045853      3045853AD    JOHNSON       3819 & 3819 1/2 S.VAN NESS     LOS ANGELES       CA       90062    2-4 UNITS      5/1/27
  3048097      3048097AD    THEIS         5709 EAST 31ST STREET          TUCSON            AZ       85711       SFR         4/1/27
  3048105      3048105AD    MOORE         6417  6TH AVENUE               LOS ANGELES       CA       90016       SFR         4/1/27
  3048253      3048253AD    FRITCH        8091 IVANHOE STREET            DUPONT            CO       80024       SFR         4/1/27
  3048592      3048592AD    UNDERHILL     327 SIMPSON RANCH ROAD         BERRY CREEK       CA       95916       SFR         4/1/27
  3048774      3048774AD    ASKINS        1742 WEST 36TH ST.             LOS ANGELES       CA       90018       SFR         4/1/27
  3101680      3101680AD    FLORES        375 1/2 DICKEY STREET          DINUBA            CA       93618       SFR         5/1/27
  3101698      3101698AD    MALLAH        739  26TH STREET               OAKLAND           CA       94612    2-4 UNITS      5/1/27
  3101748      3101748AD    CHAMBERS      10042 N.E. PRESCOTT STREET     PORTLAND          OR       97220       SFR         5/1/27
  3102076      3102076AD    OLSON         15644 JASMINE AVENUE           IVANHOE           CA       93225       SFR         5/1/27
  3106101      3106101AD    CHATMAN       3478 WEBSTER AVENUE            PITTSBURGH        PA       15219       SFR         5/1/27
  3106119      3106119AD    JACKSON       1140 EAST  84TH PLACE          LOS ANGELES       CA       90001       SFR         4/1/27
  3106127      3106127AD    JACKSON       824 WEST PALMER STREET         COMPTON           CA       90220       SFR         4/1/27
  3106168      3106168AD    TOWNSEND      2301  3RD AVENUE               SAN BERNADI       CA       92407       SFR         5/1/27
  3106234      3106234AD    HUGHES        8920 COTTONWOOD LANE           STOCKTON          CA       95210       SFR         5/1/27
  3106341      3106341AD    WILSON        10207 DANTE AVENUE             OAKLAND           CA       94603       SFR         5/1/12
  3106432      3106432AD    SIMS          211 WEST  60TH STREET          LOS ANGELES       CA       90003       SFR         4/1/27
  3106531      3106531AD    CHAN          7700 UPTON AVENUE SOUTH        RICHFIELD         MN       55423       SFR         5/1/12
  3106598      3106598AD    WILLIS        14022 SOUTH PARMELEE AVE.      COMPTON           CA       90222       SFR         2/1/12
  3106606      3106606AD    RODRIGUEZ     8037 LAUREL CANYON BLVD        LOS ANGELES       CA       91605       SFR         3/1/12
  3106614      3106614AD    WALKER        2909 WEST CALDWELL STREET      COMPTON           CA       90220       SFR         3/1/27
  3106697      3106697AD    PARKER        7560 WINONA COURT              WESTMINSTER       CO       80030       SFR         5/1/27
  3106754      3106754AD    RETANA        1230 CALIFORNIA STREET         SAN LUIS          AZ       85349       SFR         5/1/27
  3116001      3116001AD    QUINONEZ      10313 DSTREET                  SAN LUIS          AZ       85349       SFR         5/1/27
  3116100      3116100AD    CAMPBELL      5595 WITZEL ROAD SE            SALEM             OR       97301   MANUFACTURE     5/1/27
  3116142      3116142AD    JORDAN        4116 NORTH 58TH AVENUE         PHOENIX           AZ       85031       SFR         5/1/27
  3116159      3116159AD    FISCHER       858 EAST JASMINE STREET        MESA              AZ       85203       SFR         5/1/27
  3116266      3116266AD    DOSTER        7718 SOUTH LA SALLE AVE.       LOS ANGELES       CA       90047       SFR         2/1/27
  3116324      3116324AD    MACK          4338  3RD AVENUE               LOS ANGELES       CA       90008       SFR         5/1/27
  3116357      3116357AD    CARTWRIGHT    16013 SOSUTH GAUGER            HARVEY            IL       60426       SFR         5/1/27
  3116373      3116373AD    MARTIN        545 NORTH CENTRAL AVE.         CHICAGO           IL       60644    TOWNHOUSE      4/1/27
  3116407      3116407AD    BURGOS        2038 WEST POTOMAC AVE.         CHICAGO           IL       60622       SFR         5/1/12
  3116431      3116431AD    POOLE         1215 N 19TH STREET             KANSAS CITY       KS       66102       SFR         5/1/27
  3116480      3116480AD    KAUFMAN       2301 PIER AVENUE               SANTA MONIC       CA       90405       SFR         5/1/27
  3116696      3116696AD    DOUGLAS       4340 & 4342 MONTGOMERY DR.     SANTA ROSA        CA       95405    2-4 UNITS      5/1/27
  3116803      3116803AD    VALLES        855 W. CALLE CHICO             NOGALES           AZ       85621    TOWNHOUSE      5/1/27
  3142288      3142288AD    DOI           3458 LARRISSA DRIVE            LOS ANGELES       CA       90026       SFR         5/1/27
  3142312      3142312AD    LUND          3396 SOUTH 2040 WEST           W.VALLEY C.       UT       84119       SFR         5/1/27
  3142379      3142379AD    NULL          12 CANONGATE LANE              HIGHLANDS R       CO       80126       SFR         5/1/12
  3142411      3142411AD    BRUMFIELD     1027 GLENSHAW DRIVE            LA PUENTE         CA       91744       SFR         5/1/27
  3142486      3142486AD    CRUST         684 WILTSHIRE DRIVE            STATE COLLE       PA       16803       SFR         5/1/27
  3142494      3142494AD    CRUST         125 WEST PARK AVENUE           STATE COLLE       PA       16801    2-4 UNITS      5/1/27
  3142585      3142585AD    BRANTON       2514 CRENSHAW BLVD             LOS ANGELES       CA       90018       SFR         5/1/27
  3142593      3142593AD    LIZARRAGA     11517 PLUTON STREET            NORWALK           CA       90650       SFR         5/1/12
  3146941      3146941AD    BOYD          6420 SOUTH BISHOP STREET       CHICAGO           IL       60636       SFR         5/1/27
  3151248      3151248AD    HAUGHTON      3215 SOUTHEAST 2ND STREET      GRESHAM           OR       97080       SFR         5/1/12
  3151339      3151339AD    SUESBERRY     4600 VIA DOLCE,#204            W.LOS ANGEL       CA       90292      CONDO        5/1/27
  3151420      3151420AD    EAKMAN        737  5TH STREET                VERONA            PA       15147       SFR         5/1/27
  3151461      3151461AD    RIOAS         4700 SOUTH 29TH                McALLEN           TX       78503       SFR         4/1/27
  3151602      3151602AD    NICHOLLS      6968 MISSION ROAD              TWENTY NINE       CA       92277       SFR         5/1/27

<CAPTION>
       
 Servicer       AMRESCO      Last                8/1/97          Current          Current                     Occupancy    Original
Loan Number   Loan Number    Name           Scheduled Balance     Rate           P&I Payment          LTV      Status        Term
- -----------   -----------    ----           -----------------     ----           -----------          ---      ------        ----
<C>            <C>          <S>             <C>                   <C>            <C>                <C>        <C>            <C>
 2446599       2446599AD    GARDEA          $      59,774.59      10.95          $    569.13         36.36     OWNER          360
 3044435       3044435AD    HARMON          $      69,860.62        9.5          $    588.60            70     NON OWNER      360
 3044864       3044864AD    SPOTTEN         $      35,619.03         10          $    313.30            66     OWNER          360
 3045283       3045283AD    MANGUM          $     199,686.52       9.25          $  1,645.36        70.175     OWNER          360
 3045853       3045853AD    JOHNSON         $      69,906.29         10          $    614.31        49.296     OWNER          360
 3048097       3048097AD    THEIS           $      19,973.76      11.45          $    197.30        35.088     OWNER          360
 3048105       3048105AD    MOORE           $     129,579.87      11.45          $  1,279.96            75     OWNER          360
 3048253       3048253AD    FRITCH          $      51,817.89        9.5          $    437.25        61.176     OWNER          360
 3048592       3048592AD    UNDERHILL       $      78,602.76      9.799          $    679.42            75     OWNER          360
 3048774       3048774AD    ASKINS          $     106,829.48      10.55          $    982.78            70     NON OWNER      360
 3101680       3101680AD    FLORES          $      62,906.29        9.5          $    529.74            70     OWNER          360
 3101698       3101698AD    MALLAH          $     104,889.06       11.1          $  1,007.89        67.742     OWNER          360
 3101748       3101748AD    CHAMBERS        $     104,898.35       11.5          $  1,039.81            75     OWNER          360
 3102076       3102076AD    OLSON           $      39,961.27       11.5          $    396.12        68.966     OWNER          360
 3106101       3106101AD    CHATMAN         $      32,167.07      11.25          $    312.75            70     OWNER          360
 3106119       3106119AD    JACKSON         $      70,858.63        9.5          $    597.01        69.608     OWNER          360
 3106127       3106127AD    JACKSON         $      53,921.93         11          $    514.25        51.429     OWNER          360
 3106168       3106168AD    TOWNSEND        $      29,979.20         13          $    331.86        31.579     NON OWNER      360
 3106234       3106234AD    HUGHES          $      99,866.15         10          $    877.58         71.43     OWNER          360
 3106341       3106341AD    WILSON          $      35,633.75      10.75          $    403.55            36     OWNER          180
 3106432       3106432AD    SIMS            $      70,912.85      11.75          $    716.68        53.383     OWNER          360
 3106531       3106531AD    CHAN            $      25,763.22      10.75          $    291.45        28.571     OWNER          180
 3106598       3106598AD    WILLIS          $      62,826.10        9.5          $    662.82         51.19     OWNER          180
 3106606       3106606AD    RODRIGUEZ       $      47,221.88       11.3          $    552.33        37.638     OWNER          180
 3106614       3106614AD    WALKER          $      89,398.07       9.99          $    785.64        68.923     OWNER          360
 3106697       3106697AD    PARKER          $      69,906.29         10          $    614.31        63.636     OWNER          360
 3106754       3106754AD    RETANA          $      44,955.53       11.5          $    445.64            60     OWNER          360
 3116001       3116001AD    QUINONEZ        $      41,280.27       10.5          $    378.07        60.779     OWNER          360
 3116100       3116100AD    CAMPBELL        $      37,208.01       10.8          $    349.12        27.593     OWNER          360
 3116142       3116142AD    JORDAN          $      50,965.22      10.25          $    457.29            70     NON OWNER      360
 3116159       3116159AD    FISCHER         $      37,941.89        9.6          $    322.31        36.538     OWNER          360
 3116266       3116266AD    DOSTER          $      63,431.29      10.99          $    604.25         48.85     OWNER          360
 3116324       3116324AD    MACK            $     100,857.48       9.75          $    867.75        78.295     OWNER          360
 3116357       3116357AD    CARTWRIGHT      $      41,465.57       12.2          $    433.28        69.167     OWNER          360
 3116373       3116373AD    MARTIN          $      35,931.97       9.75          $    309.30         69.23     OWNER          360
 3116407       3116407AD    BURGOS          $      53,623.46       10.5          $    596.92        24.658     OWNER          180
 3116431       3116431AD    POOLE           $      49,936.53      10.25          $    448.06         56.18     OWNER          360
 3116480       3116480AD    KAUFMAN         $     318,138.98        9.5          $  2,680.23            75     OWNER          360
 3116696       3116696AD    DOUGLAS         $     137,810.34      9.875          $  1,198.33        65.714     NON OWNER      360
 3116803       3116803AD    VALLES          $      29,963.90       10.5          $    274.43            75     OWNER          360
 3142288       3142288AD    DOI             $     124,814.07        9.5          $  1,051.07        73.529     OWNER          360
 3142312       3142312AD    LUND            $      66,905.49       9.99          $    587.48        72.432     OWNER          360
 3142379       3142379AD    NULL            $     144,363.32       9.25          $  1,497.48            75     OWNER          180
 3142411       3142411AD    BRUMFIELD       $      99,858.88       9.75          $    859.16        66.667     OWNER          360
 3142486       3142486AD    CRUST           $     124,333.38         10          $  1,092.58            75     OWNER          360
 3142494       3142494AD    CRUST           $     136,367.86       11.5          $  1,351.75            70     NON OWNER      360
 3142585       3142585AD    BRANTON         $     124,849.65       10.5          $  1,143.43        66.845     NON OWNER      360
 3142593       3142593AD    LIZARRAGA       $      54,564.57        9.1          $    561.13        34.375     OWNER          180
 3146941       3146941AD    BOYD            $      29,196.44     11.875          $    298.06            75     OWNER          360
 3151248       3151248AD    HAUGHTON        $      99,216.24       9.25          $  1,029.20        76.923     OWNER          180
 3151339       3151339AD    SUESBERRY       $      89,857.49        9.2          $    737.14        40.909     OWNER          360
 3151420       3151420AD    EAKMAN          $      58,417.44       9.75          $    502.61            75     OWNER          360
 3151461       3151461AD    RIOAS           $      23,538.29      10.75          $    233.37        73.529     OWNER          360
 3151602       3151602AD    NICHOLLS        $      63,913.42       9.95          $    559.29        73.563     OWNER          360

<CAPTION>

 Servicer       AMRESCO      Last                                                            Due
Loan Number   Loan Number    Name              Servicer                 Originator           Date
- -----------   -----------    ----              --------                 ----------           ----
<C>            <C>          <S>                <C>                      <C>                  <C>    
 2446599       2446599AD    GARDEA             ADVANTA                  NEW CENTURY          8/1/97
 3044435       3044435AD    HARMON             ADVANTA                  NEW CENTURY          7/1/97
 3044864       3044864AD    SPOTTEN            ADVANTA                  NEW CENTURY          7/1/97
 3045283       3045283AD    MANGUM             ADVANTA                  NEW CENTURY          8/1/97
 3045853       3045853AD    JOHNSON            ADVANTA                  NEW CENTURY          7/1/97
 3048097       3048097AD    THEIS              ADVANTA                  NEW CENTURY          7/1/97
 3048105       3048105AD    MOORE              ADVANTA                  NEW CENTURY          7/1/97
 3048253       3048253AD    FRITCH             ADVANTA                  NEW CENTURY          8/1/97
 3048592       3048592AD    UNDERHILL          ADVANTA                  NEW CENTURY          8/1/97
 3048774       3048774AD    ASKINS             ADVANTA                  NEW CENTURY          7/1/97
 3101680       3101680AD    FLORES             ADVANTA                  NEW CENTURY          7/1/97
 3101698       3101698AD    MALLAH             ADVANTA                  NEW CENTURY          7/1/97
 3101748       3101748AD    CHAMBERS           ADVANTA                  NEW CENTURY          7/1/97
 3102076       3102076AD    OLSON              ADVANTA                  NEW CENTURY          7/1/97
 3106101       3106101AD    CHATMAN            ADVANTA                  NEW CENTURY          7/1/97
 3106119       3106119AD    JACKSON            ADVANTA                  NEW CENTURY          7/1/97
 3106127       3106127AD    JACKSON            ADVANTA                  NEW CENTURY          7/1/97
 3106168       3106168AD    TOWNSEND           ADVANTA                  NEW CENTURY          7/1/97
 3106234       3106234AD    HUGHES             ADVANTA                  NEW CENTURY          7/1/97
 3106341       3106341AD    WILSON             ADVANTA                  NEW CENTURY          7/1/97
 3106432       3106432AD    SIMS               ADVANTA                  NEW CENTURY          7/1/97
 3106531       3106531AD    CHAN               ADVANTA                  NEW CENTURY          7/1/97
 3106598       3106598AD    WILLIS             ADVANTA                  NEW CENTURY          7/1/97
 3106606       3106606AD    RODRIGUEZ          ADVANTA                  NEW CENTURY          7/1/97
 3106614       3106614AD    WALKER             ADVANTA                  NEW CENTURY          7/1/97
 3106697       3106697AD    PARKER             ADVANTA                  NEW CENTURY          7/1/97
 3106754       3106754AD    RETANA             ADVANTA                  NEW CENTURY          8/1/97
 3116001       3116001AD    QUINONEZ           ADVANTA                  NEW CENTURY          7/1/97
 3116100       3116100AD    CAMPBELL           ADVANTA                  NEW CENTURY          7/1/97
 3116142       3116142AD    JORDAN             ADVANTA                  NEW CENTURY          8/1/97
 3116159       3116159AD    FISCHER            ADVANTA                  NEW CENTURY          8/1/97
 3116266       3116266AD    DOSTER             ADVANTA                  NEW CENTURY          8/1/97
 3116324       3116324AD    MACK               ADVANTA                  NEW CENTURY          7/1/97
 3116357       3116357AD    CARTWRIGHT         ADVANTA                  NEW CENTURY          7/1/97
 3116373       3116373AD    MARTIN             ADVANTA                  NEW CENTURY          7/1/97
 3116407       3116407AD    BURGOS             ADVANTA                  NEW CENTURY          8/1/97
 3116431       3116431AD    POOLE              ADVANTA                  NEW CENTURY          7/1/97
 3116480       3116480AD    KAUFMAN            ADVANTA                  NEW CENTURY          7/1/97
 3116696       3116696AD    DOUGLAS            ADVANTA                  NEW CENTURY          7/1/97
 3116803       3116803AD    VALLES             ADVANTA                  NEW CENTURY          8/1/97
 3142288       3142288AD    DOI                ADVANTA                  NEW CENTURY          7/1/97
 3142312       3142312AD    LUND               ADVANTA                  NEW CENTURY          7/1/97
 3142379       3142379AD    NULL               ADVANTA                  NEW CENTURY          7/1/97
 3142411       3142411AD    BRUMFIELD          ADVANTA                  NEW CENTURY          7/1/97
 3142486       3142486AD    CRUST              ADVANTA                  NEW CENTURY          7/1/97
 3142494       3142494AD    CRUST              ADVANTA                  NEW CENTURY          7/1/97
 3142585       3142585AD    BRANTON            ADVANTA                  NEW CENTURY          7/1/97
 3142593       3142593AD    LIZARRAGA          ADVANTA                  NEW CENTURY          7/1/97
 3146941       3146941AD    BOYD               ADVANTA                  NEW CENTURY          7/1/97
 3151248       3151248AD    HAUGHTON           ADVANTA                  NEW CENTURY          7/1/97
 3151339       3151339AD    SUESBERRY          ADVANTA                  NEW CENTURY          8/1/97
 3151420       3151420AD    EAKMAN             ADVANTA                  NEW CENTURY          8/1/97
 3151461       3151461AD    RIOAS              ADVANTA                  NEW CENTURY          9/1/97
 3151602       3151602AD    NICHOLLS           ADVANTA                  NEW CENTURY          7/1/97

</TABLE>


                                     Page 1
<PAGE>

AMRESCO Mortgage Loan Schedule
1997-2 PreFund 2 Group 1 Fixed Rate Loans

<TABLE>
<CAPTION>
 Servicer       AMRESCO      Last                                                                    Zip      Property      Maturity
Loan Number   Loan Number    Name                Address                  City            State     Code       Type           Date
- -----------   -----------    ----                -------                  ----            -----     ----       ----           ----
<C>            <C>          <S>           <C>                            <C>               <C>      <C>         <C>         <C> 
  3151628      3151628AD    FELELLA       1410 NORTH 21ST AVENUE         MELROSE PAR       IL       60160    2-4 UNITS      5/1/27
  3151651      3151651AD    STRACKBEIN    206 CRYSTAL PARK ROAD          MANITOU SPR       CO       80829       SFR         5/1/12
  3157146      3157146AD    SOPHUS        1538  63RD STREET              BERKELEY          CA       94703    2-4 UNITS      5/1/27
  3157500      3157500AD    ROJO          1637 NORTH ROCKWELL ST.        CHICAGO           IL       60647    2-4 UNITS      5/1/12
  3157526      3157526AD    JONES         1401 WEST 112TH PLACE          CHICAGO           IL       60643       SFR         5/1/27
  3157559      3157559AD    JOHNSON       8559 SEVENTH STREET            SAN JOAQUIN       CA       93660       SFR         5/1/27
  3157799      3157799AD    SPOON         4640 S. CAMINO VERDE           TUCSON            AZ       85735   MANUFACTURE     5/1/12
  3157930      3157930AD    RANALLO       9904 EAST 34TH STREET          INDEPENDENC       MO       64052       SFR         4/1/27
  3158029      3158029AD    HUGHES        5430 PEARCE AVENUE             LAKEWOOD          CA       90712       SFR         5/1/27
  3192010      3192010AD    HAMMONDS      3611 AGNES AVENUE              LYNWOOD           CA       90262       SFR         5/1/27
  3192085      3192085AD    RAY           11874 HAVEN ROAD               MADERA            CA       93638       SFR         5/1/27
  3192168      3192168AD    SMEDLEY       2072 SOUTH 200 WEST            SYRACUSE          UT       84075       SFR         5/1/27
  3192226      3192226AD    MORALES       2588 DEARBORN STREET           LAKE STATIO       IN       46405       SFR         5/1/12
  3192424      3192424AD    KHAN          317,319 & 319 1/2 E.PINE       LODI              CA       95240    2-4 UNITS      5/1/27
  3192739      3192739AD    DUGGAN        17052 PRAIRIE ST               NORTHRIDGE        CA       91325       SFR         11/11/11
  3218658      3218658AD    WESSEL        18552 GRAMERCY DRIVE           SANTA ANA         CA       92705       SFR         5/1/12
  3218724      3218724AD    SANFORD       3404 DEL RIO CIRCLE            SAN LEANDRO       CA       94578       SFR         5/1/27
  3224060      3224060AD    BARKER        1313 LIMEKILN ROAD             HOLLISTER         CA       95023       SFR         5/1/27
  3226370      3226370AD    HOWE          10929 FOOTE COURT              RIVERSIDE         CA       92505       SFR         5/1/12
  3226396      3226396AD    GARCIA        10229 DORSET STREET            R.CUCAMONGA       CA       91730       SFR         5/1/12
  3226438      3226438AD    CHONG         1164 KANAEHA PLACE             PEARL CITY        HI       96782       SFR         5/1/27
  3229911      3229911AD    MOORE         1022 NORTH CENTRAL AVENUE      CHICAGO           IL       60651    2-4 UNITS      5/1/27
  3230299      3230299AD    PHILLIPS      2219 GERALD DRIVE              SPRINGFIELD       OH       45505       SFR         5/1/27
  3230406      3230406AD    KILLEEN       1001 N. FIRST STREET           BANNING           CA       92220       SFR         4/1/27
  3230794      3230794AD    KARALLAS      1108 SPRING STREET             M.C.              IN       46360    2-4 UNITS      3/1/27
  3230810      3230810AD    MANIS         2855 IVY STREET                DENVER            CO       80207       SFR         3/1/12
  3230992      3230992AD    BURGOS        6941 CARLYLE AVENUE  #5D       MIAMI BEACH       FL       33026      CONDO        4/1/27
  3231107      3231107AD    JACKSON       1485 WEST 51ST STREET          LOS ANGELES       CA       90062       SFR         4/1/17
  3231198      3231198AD    MILLER        1174 MAPLE AVENUE              MADISON           OH       44057       SFR         4/1/27
  3231255      3231255AD    PETERSON      1504 RIDGE ROAD                SHELTON           WA       98584       SFR         4/1/27
  3231313      3231313AD    HERBERT       6514 SOUTH FIGUEROA STREET     LOS ANGELES       CA       90003    2-4 UNITS      4/1/27
  3231321      3231321AD    JOHNSON       153 WEST WASHINGTON BLVD       PASADENA          CA       91101       SFR         4/1/27
  3231347      3231347AD    GRCICH        621 NORTH NOTRE DAME AVE       SOUTH BEND        IN       46617       SFR         4/1/27
  3231396      3231396AD    ROMERO        380 N. 13TH STREET             SAN JOSE          CA       95112       SFR         4/1/27
  3236742      3236742AD    JORDAN        8442 WEST MACKENZIE DRIVE      PHOENIX           AZ       85037       SFR         5/1/27
  3236809      3236809AD    PETERSEN      916 VINE AVENUE                MARTINEZ          CA       94553    2-4 UNITS      5/1/27
  3240686      3240686AD    BOYD          1118 ALANDALE AVENUE SW        ALBANY            OR       97321       SFR         5/1/27
  3240710      3240710AD    MAYTORENA     1066 DUNDAS STREET             LOS ANGELES       CA       90063       SFR         5/1/12
  3246741      3246741AD    GROSSKLAUS    915 VINE STREET                JOLIET            IL       60435       SFR         5/1/12
  3247467      3247467AD    ALVERSON      1023 EAST FLONETTE AVENUE      SPANISH FRK       UT       84660       SFR         6/1/27
  3247541      3247541AD    GOUDEAU       213 EAST 7TH STREET            PERRIS            CA       92570      CONDO        5/1/27
  3247566      3247566AD    RANSON        240 SOUTH 17TH AVENUE          MAYWOOD           IL       60153       SFR         5/1/12
  3247582      3247582AD    CHANDLER      809 WEST POTTERY STREET        LAKE ELSINO       CA       92530       SFR         5/1/27
  3251840      3251840AD    HENSTORF      731 RIVERSIDE COURT            FERGUS FALL       MN       56537       SFR         5/1/12
  3251949      3251949AD    RODRIGUEZ     305 DURANTA STREET             ROSEVILLE         CA       95678       SFR         5/1/12
  3254638      3254638AD    BELLEROSE     1001 EAST COMMONWEALTH PLA     CHANDLER          AZ       85225    2-4 UNITS      5/1/27
  3254646      3254646AD    RUFFE         520 MEADOW VIEW ROAD           MUNDS PARK        AZ       86017       SFR         5/1/27
  3254653      3254653AD    FOBERT        1110 SUMMIT AVENUE             WEBSTER GR.       MO       63119       SFR         5/1/27
  3254927      3254927AD    FITZPATRICK   40858 MINO WAY                 FREMONT           CA       94539       SFR         5/1/27
  3254992      3254992AD    JONES         1536 EAST 86TH STREET          CHICAGO           IL       60619       SFR         5/1/27
  3256203      3256203AD    WELCH         335 EAST 116TH PLACE           LOS ANGELES       CA       90061       SFR         4/1/27
  3256666      3256666AD    MC KENZIE     1320 ROEMER BLVD               FARRELL           PA       16121    TOWNHOUSE      6/1/12
  3256682      3256682AD    MAY           1032 NORTH MAYFIELD            CHICAGO           IL       60651       SFR         5/1/12
  3256823      3256823AD    FRANCO        7548 MAIN                      KANSAS CITY       MO       64114    2-4 UNITS      6/1/12

<CAPTION>
       
 Servicer       AMRESCO      Last                8/1/97          Current          Current                     Occupancy    Original
Loan Number   Loan Number    Name           Scheduled Balance     Rate           P&I Payment          LTV      Status        Term
- -----------   -----------    ----           -----------------     ----           -----------          ---      ------        ----
<C>            <C>          <S>             <C>                   <C>            <C>                <C>        <C>            <C>
 3151628       3151628AD    FELELLA         $      93,397.94      10.95          $    886.90        59.554     OWNER          360
 3151651       3151651AD    STRACKBEIN      $      30,097.31      10.95          $    343.44            30     OWNER          180
 3157146       3157146AD    SOPHUS          $     127,062.67         11          $  1,211.36            60     OWNER          360
 3157500       3157500AD    ROJO            $      21,523.06      12.75          $    274.75        24.444     OWNER          180
 3157526       3157526AD    JONES           $      38,947.23       9.95          $    340.82        70.909     OWNER          360
 3157559       3157559AD    JOHNSON         $      41,940.72       9.75          $    360.85            75     OWNER          360
 3157799       3157799AD    SPOON           $      19,831.12       10.5          $    221.08        27.397     OWNER          180
 3157930       3157930AD    RANALLO         $      42,618.50        9.7          $    365.29            70     OWNER          360
 3158029       3158029AD    HUGHES          $      39,944.13        9.8          $    345.14        25.806     OWNER          360
 3192010       3192010AD    HAMMONDS        $      94,897.43         11          $    904.71        67.376     OWNER          360
 3192085       3192085AD    RAY             $      79,898.46      10.25          $    716.89         64.52     OWNER          360
 3192168       3192168AD    SMEDLEY         $      86,084.64         10          $    756.47         66.31     OWNER          360
 3192226       3192226AD    MORALES         $      42,633.59      11.75          $    508.00            65     OWNER          180
 3192424       3192424AD    KHAN            $      87,382.65       9.99          $    767.23            70     NON OWNER      360
 3192739       3192739AD    DUGGAN          $      45,582.17     12.375          $    485.95         71.38     OWNER          360
 3218658       3218658AD    WESSEL          $      23,315.84        9.5          $    245.40         11.75     NON OWNER      180
 3218724       3218724AD    SANFORD         $     111,849.78       9.99          $    982.06            70     OWNER          360
 3224060       3224060AD    BARKER          $     214,280.83        9.5          $  1,804.47         53.65     OWNER          360
 3226370       3226370AD    HOWE            $     105,190.49        9.5          $  1,106.88        69.737     OWNER          180
 3226396       3226396AD    GARCIA          $      20,860.16         11          $    238.69            21     OWNER          180
 3226438       3226438AD    CHONG           $     129,867.09      11.25          $  1,262.64        49.057     OWNER          360
 3229911       3229911AD    MOORE           $      61,885.44       9.75          $    532.68        48.819     OWNER          360
 3230299       3230299AD    PHILLIPS        $      34,162.66      10.95          $    324.41            60     OWNER          360
 3230406       3230406AD    KILLEEN         $      34,400.17         11          $    328.08            65     OWNER          360
 3230794       3230794AD    KARALLAS        $      37,034.44     11.125          $    356.82            70     NON OWNER      360
 3230810       3230810AD    MANIS           $      50,337.05         10          $    548.05         61.45     OWNER          180
 3230992       3230992AD    BURGOS          $      32,943.96      10.25          $    295.71          54.1     NON OWNER      360
 3231107       3231107AD    JACKSON         $      90,490.78      9.625          $    855.68            70     OWNER          240
 3231198       3231198AD    MILLER          $      69,868.18      9.875          $    607.84            70     OWNER          360
 3231255       3231255AD    PETERSON        $      62,891.77     10.625          $    582.18         66.32     OWNER          360
 3231313       3231313AD    HERBERT         $     101,780.38      9.125          $    829.91         63.75     OWNER          360
 3231321       3231321AD    JOHNSON         $      64,306.68      10.99          $    612.81            70     NON OWNER      360
 3231347       3231347AD    GRCICH          $      30,047.50     10.125          $    266.93            70     NON OWNER      360
 3231396       3231396AD    ROMERO          $     155,073.99       9.25          $  1,278.44            70     OWNER          360
 3236742       3236742AD    JORDAN          $      45,442.26      10.25          $    407.73        70.108     OWNER          360
 3236809       3236809AD    PETERSEN        $     121,827.85       9.75          $  1,048.17        65.946     OWNER          360
 3240686       3240686AD    BOYD            $      62,911.10       9.75          $    541.27            70     OWNER          360
 3240710       3240710AD    MAYTORENA       $      19,158.97       9.99          $    207.29          19.3     OWNER          180
 3246741       3246741AD    GROSSKLAUS      $      58,954.65       9.25          $    612.37         62.63     OWNER          180
 3247467       3247467AD    ALVERSON        $     106,903.90       9.95          $    935.06            64     OWNER          360
 3247541       3247541AD    GOUDEAU         $      49,442.99       10.7          $    460.21            71     OWNER          360
 3247566       3247566AD    RANSON          $      86,855.55        9.9          $    934.93            70     OWNER          180
 3247582       3247582AD    CHANDLER        $      30,276.35       9.95          $    326.83        44.853     OWNER          360
 3251840       3251840AD    HENSTORF        $      19,853.36       9.95          $    214.31        55.556     OWNER          180
 3251949       3251949AD    RODRIGUEZ       $      66,980.38        9.5          $    712.17            55     OWNER          180
 3254638       3254638AD    BELLEROSE       $      65,566.67      10.25          $    588.30            65     NON OWNER      360
 3254646       3254646AD    RUFFE           $      55,330.42        9.5          $    466.68            53     OWNER          360
 3254653       3254653AD    FOBERT          $      34,952.66       9.95          $    305.86            46     OWNER          360
 3254927       3254927AD    FITZPATRICK     $     149,827.20       10.7          $  1,394.59         43.92     OWNER          360
 3254992       3254992AD    JONES           $      49,929.01       9.75          $    429.58        56.497     NON OWNER      360
 3256203       3256203AD    WELCH           $      74,891.29      10.99          $    713.68        68.493     OWNER          360
 3256666       3256666AD    MC KENZIE       $      35,602.73      11.75          $    423.33            65     OWNER          180
 3256682       3256682AD    MAY             $      52,602.51        9.7          $    559.85            60     OWNER          180
 3256823       3256823AD    FRANCO          $      72,520.66       12.5          $    897.28            70     OWNER          180

<CAPTION>

 Servicer       AMRESCO      Last                                                            Due
Loan Number   Loan Number    Name              Servicer                 Originator           Date
- -----------   -----------    ----              --------                 ----------           ----
<C>            <C>          <S>                <C>                      <C>                  <C>    
 3151628       3151628AD    FELELLA            ADVANTA                  NEW CENTURY          7/1/97
 3151651       3151651AD    STRACKBEIN         ADVANTA                  NEW CENTURY          8/1/97
 3157146       3157146AD    SOPHUS             ADVANTA                  NEW CENTURY          7/1/97
 3157500       3157500AD    ROJO               ADVANTA                  NEW CENTURY          7/1/97
 3157526       3157526AD    JONES              ADVANTA                  NEW CENTURY          7/1/97
 3157559       3157559AD    JOHNSON            ADVANTA                  NEW CENTURY          7/1/97
 3157799       3157799AD    SPOON              ADVANTA                  NEW CENTURY          7/1/97
 3157930       3157930AD    RANALLO            ADVANTA                  NEW CENTURY          7/1/97
 3158029       3158029AD    HUGHES             ADVANTA                  NEW CENTURY          7/1/97
 3192010       3192010AD    HAMMONDS           ADVANTA                  NEW CENTURY          7/1/97
 3192085       3192085AD    RAY                ADVANTA                  NEW CENTURY          7/1/97
 3192168       3192168AD    SMEDLEY            ADVANTA                  NEW CENTURY          8/1/97
 3192226       3192226AD    MORALES            ADVANTA                  NEW CENTURY          7/1/97
 3192424       3192424AD    KHAN               ADVANTA                  NEW CENTURY          7/1/97
 3192739       3192739AD    DUGGAN             ADVANTA                 FIRST COLONY          7/15/97
 3218658       3218658AD    WESSEL             ADVANTA                  NEW CENTURY          7/1/97
 3218724       3218724AD    SANFORD            ADVANTA                  NEW CENTURY          7/1/97
 3224060       3224060AD    BARKER             ADVANTA                  NEW CENTURY          8/1/97
 3226370       3226370AD    HOWE               ADVANTA                  NEW CENTURY          7/1/97
 3226396       3226396AD    GARCIA             ADVANTA                  NEW CENTURY          7/1/97
 3226438       3226438AD    CHONG              ADVANTA                  NEW CENTURY          8/1/97
 3229911       3229911AD    MOORE              ADVANTA                  NEW CENTURY          7/1/97
 3230299       3230299AD    PHILLIPS           ADVANTA                  NEW CENTURY          7/1/97
 3230406       3230406AD    KILLEEN            ADVANTA                  NEW CENTURY          7/1/97
 3230794       3230794AD    KARALLAS           ADVANTA                    ADMIRAL            7/1/97
 3230810       3230810AD    MANIS              ADVANTA                    ADMIRAL            7/1/97
 3230992       3230992AD    BURGOS             ADVANTA                    ADMIRAL            8/1/97
 3231107       3231107AD    JACKSON            ADVANTA                    ADMIRAL            8/1/97
 3231198       3231198AD    MILLER             ADVANTA                    ADMIRAL            7/1/97
 3231255       3231255AD    PETERSON           ADVANTA                    ADMIRAL            7/1/97
 3231313       3231313AD    HERBERT            ADVANTA                    ADMIRAL            8/1/97
 3231321       3231321AD    JOHNSON            ADVANTA                    ADMIRAL            8/1/97
 3231347       3231347AD    GRCICH             ADVANTA                    ADMIRAL            7/1/97
 3231396       3231396AD    ROMERO             ADVANTA                    ADMIRAL            7/1/97
 3236742       3236742AD    JORDAN             ADVANTA                  NEW CENTURY          8/1/97
 3236809       3236809AD    PETERSEN           ADVANTA                  NEW CENTURY          7/1/97
 3240686       3240686AD    BOYD               ADVANTA                  NEW CENTURY          7/1/97
 3240710       3240710AD    MAYTORENA          ADVANTA                  NEW CENTURY          8/1/97
 3246741       3246741AD    GROSSKLAUS         ADVANTA                  NEW CENTURY          8/1/97
 3247467       3247467AD    ALVERSON           ADVANTA                  NEW CENTURY          7/1/97
 3247541       3247541AD    GOUDEAU            ADVANTA                  NEW CENTURY          7/1/97
 3247566       3247566AD    RANSON             ADVANTA                  NEW CENTURY          7/1/97
 3247582       3247582AD    CHANDLER           ADVANTA                  NEW CENTURY          8/1/97
 3251840       3251840AD    HENSTORF           ADVANTA                  NEW CENTURY          7/1/97
 3251949       3251949AD    RODRIGUEZ          ADVANTA                  NEW CENTURY          7/1/97
 3254638       3254638AD    BELLEROSE          ADVANTA                  NEW CENTURY          7/1/97
 3254646       3254646AD    RUFFE              ADVANTA                  NEW CENTURY          7/1/97
 3254653       3254653AD    FOBERT             ADVANTA                  NEW CENTURY          7/1/97
 3254927       3254927AD    FITZPATRICK        ADVANTA                  NEW CENTURY          7/1/97
 3254992       3254992AD    JONES              ADVANTA                  NEW CENTURY          7/1/97
 3256203       3256203AD    WELCH              ADVANTA                  NEW CENTURY          7/1/97
 3256666       3256666AD    MC KENZIE          ADVANTA                  NEW CENTURY          7/1/97
 3256682       3256682AD    MAY                ADVANTA                  NEW CENTURY          7/1/97
 3256823       3256823AD    FRANCO             ADVANTA                  NEW CENTURY          8/1/97

</TABLE>


                                     Page 2
<PAGE>

AMRESCO Mortgage Loan Schedule
1997-2 PreFund 2 Group 1 Fixed Rate Loans

<TABLE>
<CAPTION>
 Servicer       AMRESCO      Last                                                                    Zip      Property      Maturity
Loan Number   Loan Number    Name                Address                  City            State     Code       Type           Date
- -----------   -----------    ----                -------                  ----            -----     ----       ----           ----
<C>            <C>          <S>           <C>                            <C>               <C>      <C>         <C>         <C> 
  3264405      3264405AD    SHORT         618 SOUTH SECOND STREET        ODESSA            MO       64076       SFR         6/1/27
  3264447      3264447AD    PERREIRA      2974 AINAOLA DRIVE             HILO              HI       96720    2-4 UNITS      5/1/27
  3264496      3264496AD    KIDD          10206 EMPIRE                   CLEVELAND         OH       44108       SFR         6/1/27
  3264546      3264546AD    JEFFRIES      1448 NORTH LUNA AVENUE         CHICAGO           IL       60651    2-4 UNITS      5/1/27
  3264728      3264728AD    OJEDA         10216 HESTER AVENUE            WHITTIER          CA       90603       SFR         6/1/12
  3269529      3269529AD    ALIPIO        211 OSAGE DRIVE                SALINAS           CA       93906       SFR         6/1/27
  3269610      3269610AD    THOMAS        342-344 EAST 135TH STREET      LOS ANGELES       CA       90222    2-4 UNITS      6/1/27
  3269677      3269677AD    WASHINGTON    9554 SOUTH WALLACE             CHICAGO           IL       60628       SFR         6/1/27
  3269792      3269792AD    BROOKS        7294 CLARION COURT             HAMILTON          OH       45011       SFR         6/1/27
  3306198      3306198AD    TURNBOUGH     3525 LOCUST STREET             DENVER            CO       80207       SFR         5/1/12
  3307949      3307949AD    ALAMEEN       6819 SOUTH MAY                 CHICAGO           IL       60621    TOWNHOUSE      6/1/12
  3308178      3308178AD    CHACON        445 CICUTA COURT               RIO RICO          AZ       85648       SFR         6/1/27
  3310539      3310539AD    MANZO         1022 MALLOT DRIVE              SAN JOSE          CA       95121       SFR         6/1/27
  3314168      3314168AD    MITCHELL      846 WINSTON DRIVE              SAN DIEGO         CA       92114       SFR         6/1/27
  3319068      3319068AD    SIMON         3926 SYLVAN WOOD DRIVE         SYLVANIA          OH       43560       SFR         6/1/27
  3328895      3328895AD    ARECHIGA      10766 HUBBARD WAY              SAN JOSE          CA       95127       SFR         6/1/27
  3329018      3329018AD    MURO          155 GEORGE ORR ROAD            EL PASO           TX       79915       SFR         6/1/27
  3329034      3329034AD    LECLERC       1269 MOORE STREET              AKRON             OH       44301       SFR         6/1/27
  3329935      3329935AD    GRIFFIN       38715 N PUERTA AVE             PALMDALE          CA       93550       SFR         3/1/27
  3329976      3329976AD    DOUGLAS       1019 S FIR AVENUE              INGLEWOOD         CA       90301       SFR         4/1/27
  3330032      3330032AD    ROSS          920 92 0 1/2 &922 W 62         LOS ANGELES       CA       90047    2-4 UNITS      4/1/27
  3330040      3330040AD    DREXLER       6333 WILRYAN AVE SOU           EDINA             MN       55439       SFR         4/1/12
  3330115      3330115AD    FLANNIGAN     2014 BERKSHIRE CIR U           CARPENTERVI       IL       60110       SFR         4/1/27
  3330248      3330248AD    RUDD          1669 E MERRIBEE WAY            SALT LAKE C       UT       84121       SFR         4/1/27
  3330263      3330263AD    ALVARADO      1561 E 8 AVENUE                HIALEAH           FL       33010    2-4 UNITS      4/1/27
  3330305      3330305AD    CHEW          73 GREENTREE WAY               MILPITAS          CA       95035       SFR         4/1/27
  3330313      3330313AD    CHEW          1126 DEMPSEY RD                MILPITAS          CA       95035       SFR         4/1/27
  3330347      3330347AD    GEIER         1901 MITTEN LAKE RD            LAC DU FLAM       WI       54538       SFR         4/1/27
  3330354      3330354AD    HAMADA        1655 MAKALOA STREET            HONOLULU          HI       96814       SFR         4/1/27
  3330685      3330685AD    CARTER        11528 S WATKINS AVENUE         CHICAGO           IL       60643       SFR         4/1/12
  3330909      3330909AD    MILLER        2802 DALE ST                   SAN DIEGO         CA       92104       SFR         4/1/12
  3330917      3330917AD    JOHNSON       18030 NW 52 AVENUE             MIAMI             FL       33055       SFR         4/1/27
  3331030      3331030AD    CURRY         14103 S NESTOR AVENUE          COMPTON ARE       CA       90222       SFR         4/1/27
  3331063      3331063AD    TANKSON       220 N AUSTIN                   OAK PARK          IL       60302    2-4 UNITS      4/1/27
  3331089      3331089AD    GOBIN         309 W FAIRWAY BLVD             BIG BEAR CI       CA       92314       SFR         4/1/27
  3331113      3331113AD    CROUSE        95 KALO RD.                    HANA              HI       96713       SFR         4/1/27
  3331162      3331162AD    EADS          1511 1517 HARRISON S           DENVER            CO       80206    2-4 UNITS      4/1/12
  3335171      3335171AD    GLENN         5594 WESTERN AVENUE            SAN BERNARD       CA       92407       SFR         12/1/26
  3335353      3335353AD    AGUILAR       6010-6010 1/2 HELIOTROPE A     MAYWOOD           CA       90270    2-4 UNITS      12/1/26
  3335478      3335478AD    HULSINGER     6615 & 6617 S. VICTORIA AV     LOS ANGELES       CA       90043    2-4 UNITS      1/1/27
  3338654      3338654AD    HUBER         1325 VIRGINIA DRIVE            PALATINE          IL       60067       SFR         6/1/12
  3338704      3338704AD    ALLEN         901 NORTH DRAKE AVENUE         CHICAGO           IL       60651       SFR         6/1/12
  3340734      3340734AD    FRALIN        795 SOUTH CHAMPION AVENUE      COLUMBUS          OH       43206       SFR         6/1/27
  3340916      3340916AD    MITCHELL      601 EAST SENECA STREET         TUCSON            AZ       85705       SFR         6/1/12
  3345592      3345592AD    ZEFF          10945 CANNONADE DRIVE          PARKER            CO       80134       SFR         6/1/27
  3345626      3345626AD    DENUNNO       320 NORTH ORANGE AVENUE        RIALTO            CA       92376       SFR         6/1/12
  3375474      3375474AD    MORA          101 SANDIA ROAD NORTHWEST      ALBUQUERQUE       NM       87107       SFR         6/1/27
  3375714      3375714AD    UMBARGER      22200 SE ROYAL ANNE DRIVE      AMITY             OR       97101       SFR         6/1/12
  3385275      3385275AD    STUHR         2225 SOUTH CROSKEY STREET      PHILADELPHI       PA       19145       SFR         4/1/12
  3386976      3386976AD    GARDUNO       1955 WEST LINDEN STREET        RIVERSIDE         CA       92507       SFR         4/1/12
  3390960      3390960AD    VAN NATTER    2615 BLOOMDALE STREET          DUARTE            CA       91010       SFR         6/1/27
  3390994      3390994AD    BENNETT       1836 BROOKDALE DRIVE           COLORADO SP       CO       80918    TOWNHOUSE      6/1/27
  3391018      3391018AD    LYTLE         12332 WEST 107TH TERRACE       OVERLAND PK       KS       66210    TOWNHOUSE      6/1/27
  3391083      3391083AD    LEVERITT      3001 WILKINSON AVENUE          FORT WORTH        TX       76013       SFR         6/1/27

<CAPTION>
       
 Servicer       AMRESCO      Last                8/1/97          Current          Current                     Occupancy    Original
Loan Number   Loan Number    Name           Scheduled Balance     Rate           P&I Payment          LTV      Status        Term
- -----------   -----------    ----           -----------------     ----           -----------          ---      ------        ----
<C>            <C>          <S>             <C>                   <C>            <C>                <C>        <C>            <C>
 3264405       3264405AD    SHORT           $      57,951.15      10.25          $    519.74          61.7     OWNER          360
 3264447       3264447AD    PERREIRA        $     129,826.00         10          $  1,140.85         41.94     OWNER          360
 3264496       3264496AD    KIDD            $      51,070.27      11.95          $    523.66            70     NON OWNER      360
 3264546       3264546AD    JEFFRIES        $      73,913.94      10.75          $    690.78         69.81     OWNER          360
 3264728       3264728AD    OJEDA           $     105,151.72       9.25          $  1,087.86            65     OWNER          180
 3269529       3269529AD    ALIPIO          $      84,916.04        9.5          $    714.73         60.71     OWNER          360
 3269610       3269610AD    THOMAS          $      84,909.18      9.125          $    691.59         62.96     NON OWNER      360
 3269677       3269677AD    WASHINGTON      $      49,950.61        9.5          $    420.43         58.82     OWNER          360
 3269792       3269792AD    BROOKS          $      79,928.15       9.95          $    699.11            60     OWNER          360
 3306198       3306198AD    TURNBOUGH       $      19,875.80      11.75          $    236.83         26.67     OWNER          180
 3307949       3307949AD    ALAMEEN         $      30,681.32      12.45          $    378.62            70     OWNER          180
 3308178       3308178AD    CHACON          $      76,930.85       9.95          $    672.89            70     OWNER          360
 3310539       3310539AD    MANZO           $     161,848.21       9.75          $  1,391.84         69.83     OWNER          360
 3314168       3314168AD    MITCHELL        $      66,580.61       9.25          $    548.32            56     OWNER          360
 3319068       3319068AD    SIMON           $      58,452.79      10.45          $    532.94         47.18     OWNER          360
 3328895       3328895AD    ARECHIGA        $     213,304.16       9.85          $  1,850.00            70     OWNER          360
 3329018       3329018AD    MURO            $      37,366.42       9.95          $    326.83         65.61     OWNER          360
 3329034       3329034AD    LECLERC         $      20,140.20      12.75          $    218.97            65     NON OWNER      360
 3329935       3329935AD    GRIFFIN         $      34,867.16       9.75          $    300.27        49.225     NON OWNER      360
 3329976       3329976AD    DOUGLAS         $      51,906.64       9.99          $    455.95          41.6     OWNER          360
 3330032       3330032AD    ROSS            $     119,812.85      10.65          $  1,111.17        63.158     NON OWNER      360
 3330040       3330040AD    DREXLER         $      51,468.40        9.5          $    543.00        65.823     OWNER          180
 3330115       3330115AD    FLANNIGAN       $      35,946.80       10.9          $    340.12            60     OWNER          360
 3330248       3330248AD    RUDD            $     197,261.59       9.25          $  1,628.90        63.871     OWNER          360
 3330263       3330263AD    ALVARADO        $      85,825.15        9.4          $    716.87        58.108     OWNER          360
 3330305       3330305AD    CHEW            $      89,780.21      10.89          $    849.62        36.735     NON OWNER      360
 3330313       3330313AD    CHEW            $     171,553.43       10.3          $  1,547.69        64.662     OWNER          360
 3330347       3330347AD    GEIER           $      84,883.60      11.25          $    825.57        52.632     OWNER          360
 3330354       3330354AD    HAMADA          $      39,872.36      10.89          $    377.61        27.778     NON OWNER      360
 3330685       3330685AD    CARTER          $      34,665.66      10.25          $    381.48        58.333     OWNER          180
 3330909       3330909AD    MILLER          $      40,523.45       9.75          $    434.34          20.5     OWNER          180
 3330917       3330917AD    JOHNSON         $      62,202.64      10.64          $    576.41            70     OWNER          360
 3331030       3331030AD    CURRY           $      74,875.15      10.35          $    677.66        60.976     OWNER          360
 3331063       3331063AD    TANKSON         $      84,821.71       9.25          $    699.27        40.476     OWNER          360
 3331089       3331089AD    GOBIN           $      79,856.33       9.99          $    701.47        66.667     OWNER          360
 3331113       3331113AD    CROUSE          $     359,327.09        9.8          $  3,106.18        67.925     OWNER          360
 3331162       3331162AD    EADS            $      94,033.91      10.75          $  1,063.78            65     NON OWNER      180
 3335171       3335171AD    GLENN           $     113,172.77       9.85          $    984.36         68.85     NON OWNER      360
 3335353       3335353AD    AGUILAR         $      69,736.73       9.85          $    606.56         32.56     OWNER          360
 3335478       3335478AD    HULSINGER       $      94,226.47      10.99          $    899.24            70     NON OWNER      360
 3338654       3338654AD    HUBER           $      49,784.13      11.25          $    576.18         29.94     OWNER          180
 3338704       3338704AD    ALLEN           $      40,810.23       10.5          $    453.22         60.29     OWNER          180
 3340734       3340734AD    FRALIN          $      30,970.95       9.75          $    266.34         57.41     OWNER          360
 3340916       3340916AD    MITCHELL        $      14,927.25       9.99          $    161.10         31.91     OWNER          180
 3345592       3345592AD    ZEFF            $      69,937.66       9.99          $    613.79         47.95     OWNER          360
 3345626       3345626AD    DENUNNO         $      21,902.77         11          $    250.06         27.16     OWNER          180
 3375474       3375474AD    MORA            $      73,932.48      9.875          $    642.58            64     OWNER          360
 3375714       3375714AD    UMBARGER        $      79,923.05      9.625          $    679.99            64     OWNER          360
 3385275       3385275AD    STUHR           $      32,946.89     12.375          $    349.00            60     NON OWNER      360
 3386976       3386976AD    GARDUNO         $      59,903.14      10.49          $    548.40         68.97     NON OWNER      360
 3390960       3390960AD    VAN NATTER      $      90,910.12        9.5          $    765.18            70     OWNER          360
 3390994       3390994AD    BENNETT         $      77,918.81       9.25          $    641.69         63.93     OWNER          360
 3391018       3391018AD    LYTLE           $      61,561.72      11.65          $    617.08            70     OWNER          360
 3391083       3391083AD    LEVERITT        $      41,278.50      12.45          $    439.18            70     OWNER          360


<CAPTION>

 Servicer       AMRESCO      Last                                                            Due
Loan Number   Loan Number    Name              Servicer                 Originator           Date
- -----------   -----------    ----              --------                 ----------           ----
<C>            <C>          <S>                <C>                      <C>                  <C>    
 3264405       3264405AD    SHORT              ADVANTA                  NEW CENTURY          7/1/97
 3264447       3264447AD    PERREIRA           ADVANTA                  NEW CENTURY          8/1/97
 3264496       3264496AD    KIDD               ADVANTA                  NEW CENTURY          7/1/97
 3264546       3264546AD    JEFFRIES           ADVANTA                  NEW CENTURY          7/1/97
 3264728       3264728AD    OJEDA              ADVANTA                  NEW CENTURY          7/1/97
 3269529       3269529AD    ALIPIO             ADVANTA                  NEW CENTURY          7/1/97
 3269610       3269610AD    THOMAS             ADVANTA                  NEW CENTURY          7/1/97
 3269677       3269677AD    WASHINGTON         ADVANTA                  NEW CENTURY          7/1/97
 3269792       3269792AD    BROOKS             ADVANTA                  NEW CENTURY          8/1/97
 3306198       3306198AD    TURNBOUGH          ADVANTA                  NEW CENTURY          7/1/97
 3307949       3307949AD    ALAMEEN            ADVANTA                  NEW CENTURY          8/1/97
 3308178       3308178AD    CHACON             ADVANTA                  NEW CENTURY          7/1/97
 3310539       3310539AD    MANZO              ADVANTA                  NEW CENTURY          7/1/97
 3314168       3314168AD    MITCHELL           ADVANTA                  NEW CENTURY          7/1/97
 3319068       3319068AD    SIMON              ADVANTA                  NEW CENTURY          7/1/97
 3328895       3328895AD    ARECHIGA           ADVANTA                  NEW CENTURY          7/1/97
 3329018       3329018AD    MURO               ADVANTA                  NEW CENTURY          7/1/97
 3329034       3329034AD    LECLERC            ADVANTA                  NEW CENTURY          7/1/97
 3329935       3329935AD    GRIFFIN            ADVANTA                      BNC              7/1/97
 3329976       3329976AD    DOUGLAS            ADVANTA                      BNC              7/1/97
 3330032       3330032AD    ROSS               ADVANTA                      BNC              7/1/97
 3330040       3330040AD    DREXLER            ADVANTA                      BNC              7/1/97
 3330115       3330115AD    FLANNIGAN          ADVANTA                      BNC              8/1/97
 3330248       3330248AD    RUDD               ADVANTA                      BNC              7/1/97
 3330263       3330263AD    ALVARADO           ADVANTA                      BNC              7/1/97
 3330305       3330305AD    CHEW               ADVANTA                      BNC              7/1/97
 3330313       3330313AD    CHEW               ADVANTA                      BNC              7/1/97
 3330347       3330347AD    GEIER              ADVANTA                      BNC              7/1/97
 3330354       3330354AD    HAMADA             ADVANTA                      BNC              8/1/97
 3330685       3330685AD    CARTER             ADVANTA                      BNC              7/1/97
 3330909       3330909AD    MILLER             ADVANTA                      BNC              7/1/97
 3330917       3330917AD    JOHNSON            ADVANTA                      BNC              7/1/97
 3331030       3331030AD    CURRY              ADVANTA                      BNC              7/1/97
 3331063       3331063AD    TANKSON            ADVANTA                      BNC              7/1/97
 3331089       3331089AD    GOBIN              ADVANTA                      BNC              7/1/97
 3331113       3331113AD    CROUSE             ADVANTA                      BNC              7/1/97
 3331162       3331162AD    EADS               ADVANTA                      BNC              7/1/97
 3335171       3335171AD    GLENN              ADVANTA             FREMONT INV AND LOAN      8/1/97
 3335353       3335353AD    AGUILAR            ADVANTA             FREMONT INV AND LOAN      7/1/97
 3335478       3335478AD    HULSINGER          ADVANTA             FREMONT INV AND LOAN      7/1/97
 3338654       3338654AD    HUBER              ADVANTA                  NEW CENTURY          7/1/97
 3338704       3338704AD    ALLEN              ADVANTA                  NEW CENTURY          7/1/97
 3340734       3340734AD    FRALIN             ADVANTA                  NEW CENTURY          7/1/97
 3340916       3340916AD    MITCHELL           ADVANTA                  NEW CENTURY          7/1/97
 3345592       3345592AD    ZEFF               ADVANTA                  NEW CENTURY          7/1/97
 3345626       3345626AD    DENUNNO            ADVANTA                  NEW CENTURY          7/1/97
 3375474       3375474AD    MORA               ADVANTA                  NEW CENTURY          7/1/97
 3375714       3375714AD    UMBARGER           ADVANTA                  NEW CENTURY          7/1/97
 3385275       3385275AD    STUHR              ADVANTA                 FIRST COLONY          7/1/97
 3386976       3386976AD    GARDUNO            ADVANTA                 FIRST COLONY          7/1/97
 3390960       3390960AD    VAN NATTER         ADVANTA                  NEW CENTURY          7/1/97
 3390994       3390994AD    BENNETT            ADVANTA                  NEW CENTURY          7/1/97
 3391018       3391018AD    LYTLE              ADVANTA                  NEW CENTURY          7/1/97
 3391083       3391083AD    LEVERITT           ADVANTA                  NEW CENTURY          7/1/97

</TABLE>


                                     Page 3
<PAGE>

AMRESCO Mortgage Loan Schedule
1997-2 PreFund 2 Group 1 Fixed Rate Loans

<TABLE>
<CAPTION>
 Servicer       AMRESCO      Last                                                                    Zip      Property      Maturity
Loan Number   Loan Number    Name                Address                  City            State     Code       Type           Date
- -----------   -----------    ----                -------                  ----            -----     ----       ----           ----
<C>            <C>          <S>           <C>                            <C>               <C>      <C>         <C>         <C> 
  3396173      3396173AD    HERRERA       4818 FAUNA STREET              MONTCLAIR         CA       91763       SFR         6/1/27
  3408622      3408622AD    PASSINO       1601 SPRING LAKE DRIVE         DRIPPING SP       TX       78620       SFR         6/1/27
  3408697      3408697AD    PLUM          HC 68 BOX 167                  BOWDEN            WV       26254       SFR         7/1/12
  3408739      3408739AD    ESPARZA       4012 138TH AVENUE              HAMILTON          MI       49419       SFR         6/1/27
  3408838      3408838AD    SCOTT         524 ABRAHAM                    GREENVILLE        MS       38701       SFR         6/1/27
  3409075      3409075AD    CAESAR        20826 SOUTHWEST 85TH COURT     MIAMI             FL       33189       SFR         7/1/27
  3409240      3409240AD    BOGUNOVICH    2635 SOUTH FEDERAL BOULEVA     DENVER            CO       80219       SFR         6/1/12
  3411246      3411246AD    FERMAN        2385 CHANSLOR STREET           POMONA            CA       91766       SFR         6/1/27
  3411550      3411550AD    SAYER         11034 SINGER AVENUE            LOS MOLINOS       CA       96055       SFR         6/1/27
  3411634      3411634AD    WURTZ         4439 NORTH MERRIMAC            CHICAGO           IL       60612       SFR         6/1/27
  3412111      3412111AD    VILLAREAL     206 BYRON LANE                 VICTORIA          TX       77904       SFR         7/1/27
  3412491      3412491AD    BILLY         2504 14TH STREET               HOUSTON           TX       77547       SFR         7/1/12
  3414968      3414968AD    VALENZUELA    11505 SEGRELL WAY              CULVER CITY       CA       90230       SFR         6/1/27
  3415056      3415056AD    VELASQUEZ     7371 EIGLEBERRY STREET         GILROY            CA       95020       SFR         6/1/27
  3416492      3416492AD    DIMARTINO     6410 QUINCY STREET             SAINT LOUIS       MO       63109       SFR         7/1/12
  3416500      3416500AD    HREBENYAK     1716 DIAMOND OAKS COURT        LAS VEGAS         NV       89117       SFR         7/1/27
  3416831      3416831AD    EVANS         728 PENDLETON HILL ROAD        NORTH STONI       CT       6359        SFR         7/1/27
  3416849      3416849AD    AGUILAR       1097 18TH STREET               EL CENTRO         CA       92243       SFR         7/1/12
  3416971      3416971AD    POSTAWKO      8935 ARVIN PLACE               AFFTON            MO       63123       SFR         7/1/27
  3418696      3418696AD    RIEKEN        3800 HILLCREST DRIVE           HOLLYWOOD         FL       33021      CONDO        6/1/27
  3420973      3420973AD    KRUETTNER     6825 S.E. 67TH AVENUE          PORTLAND          OR       97206       SFR         6/1/27
  3420981      3420981AD    MORENO        18 LOVATO ROAD                 TIJERAS           NM       87059       SFR         6/1/27
  3421013      3421013AD    DOODY         2140 COUNTY ROAD 41            BELLVIEW          CO       80512       SFR         6/1/27
  3421039      3421039AD    SILVA         LOT 100C AAHI PLACE            KAUNAKAKAI        HI       97648       SFR         6/1/27
  3422052      3422052AD    EASLEY        1853 NOBLE ROAD                EAST CLEVEL       OH       44112    2-4 UNITS      7/1/27
  3425931      3425931AD    KUHN          10340 SW  90TH AVENUE          TIGARD            OR       97223       SFR         5/1/12
  3427002      3427002AD    GOLDLANDER    800 WEST 1ST STREET            LOS ANGELES       CA       90012      CONDO        7/1/27
  3427358      3427358AD    CARTER        697 SARATOGA  AVENUE           NEWARK            OH       43055       SFR         7/1/12
  3428703      3428703AD    BAKKEN        14548 SUPERIOR ROAD            CLEVELAND H       OH       44118       SFR         6/1/27
  3434016      3434016AD    GULLEY        6637 BRANCH HILL GUINEA        LOVELAND          OH       45140       SFR         6/1/27
  3434966      3434966AD    WARNER        197 EASY STREET                SEBASTIAN         FL       32958       SFR         7/1/27
  3435104      3435104AD    JONES         5225 WEST 4TH AVENUE           GARY              IN       46406       SFR         7/1/27
  3435427      3435427AD    BRYANT        3510 ROSEDALE                  HOUSTON           TX       77004       SFR         7/1/27
  3443967      3443967AD    BRUNSON       1693 BAY STREET                PORT ORCHAR       WA       98366       SFR         6/1/27
  3444288      3444288AD    NETHERLAND    1005 PARKVIEW AVENUE AND       REDDING           CA       96001    2-4 UNITS      6/1/27
  3446028      3446028AD    BOYD          197 MICHIGAN AVENUE            ASHEVILLE         NC       28806       SFR         7/1/27
  3446044      3446044AD    TARAPE        2310 BOOTH ROAD                HONOLULU          HI       96813       SFR         7/1/27
  3446267      3446267AD    JONES         234 SOUTH 46TH STREET          SAN DIEGO         CA       92113       SFR         7/1/27
  3446473      3446473AD    GONZALEZ      15121 SOUTHWEST 105TH COUR     MIAMI             FL       33176       SFR         7/1/27
  3446671      3446671AD    QUINTERO      133 SOUTHEAST 43RD TERRACE     CAPE CORAL        FL       33904       SFR         7/1/27
  3446754      3446754AD    BROOKS        8935 POPLAR AVENUE             COTATI            CA       94931       SFR         6/1/12
  3446762      3446762AD    DOUGLAS       4213 CARNATION LANE            LAS VEGAS         NV       89108   MANUFACTURE     6/1/12
  3449733      3449733AD    JOHNSON       1200 J STREET                  ORANGE COVE       CA       93646       SFR         7/1/27
  3456001      3456001AD    HICKIN        774 NORTH CARHART AVENUE       FULLERTON         CA       92833       SFR         7/1/27
  3456258      3456258AD    SOLOMON       3140 NORTHWEST 4TH COURT       FORT LAUDER       FL       33311       SFR         7/1/27
  3456993      3456993AD    DODGE         33 BRAGDON ROAD                FREEPORT          ME       4032        SFR         5/6/17
  3457504      3457504AD    FAVOR         252 WEST PRESCOTT AVEN         EDISON            NJ       8820        SFR         5/5/12
  3457538      3457538AD    BEIERMANN     44 WHITTLESEY DRIVE            BETHEL            CT       6801       OTHER        4/21/27
  3650165      3650165AD    GRANT         13801 HALYARD DRIVE            CORPUS CHR        TX       78418       SFR         5/1/27
  3650314      3650314AD    STANIEC       67-1271 MAMALAHOA HIGHWAY      KAMUELA           HI       96743       SFR         7/1/27
  3650363      3650363AD    LANTRIP       4401 CHARLES ROAD              PINE BLUFF        AR       71602       SFR         7/1/27
  3650405      3650405AD    BLANSON       811 EAST 80TH STREET           LOS ANGELES       CA       90001       SFR         7/1/27
  3651841      3651841AD    BEASLEY       1315NEROSELAWN STREET          PORTLAND          OR       97211       SFR         4/1/27
  3651882      3651882AD    CASTLETON     357  KENOLIO RD.               KIHEI             HI       96753       SFR         5/1/27

<CAPTION>
       
 Servicer       AMRESCO      Last                8/1/97          Current          Current                     Occupancy    Original
Loan Number   Loan Number    Name           Scheduled Balance     Rate           P&I Payment          LTV      Status        Term
- -----------   -----------    ----           -----------------     ----           -----------          ---      ------        ----
<C>            <C>          <S>             <C>                   <C>            <C>                <C>        <C>            <C>
 3396173       3396173AD    HERRERA         $      77,937.73       10.5          $    713.50         64.46     NON OWNER      360
 3408622       3408622AD    PASSINO         $     126,084.85      9.875          $  1,095.86         64.72     OWNER          360
 3408697       3408697AD    PLUM            $      37,012.53      10.25          $    404.37            70     OWNER          180
 3408739       3408739AD    ESPARZA         $      54,251.23       9.95          $    474.52         45.25     OWNER          360
 3408838       3408838AD    SCOTT           $      24,981.89      10.95          $    237.14         39.68     OWNER          360
 3409075       3409075AD    CAESAR          $      19,992.79      10.95          $    189.71         22.22     OWNER          360
 3409240       3409240AD    BOGUNOVICH      $      58,241.74      11.01          $    665.28            65     NON OWNER      180
 3411246       3411246AD    FERMAN          $     139,874.27       9.95          $  1,223.44            70     OWNER          360
 3411550       3411550AD    SAYER           $      95,819.21      10.25          $    859.37            65     OWNER          360
 3411634       3411634AD    WURTZ           $      94,438.63      11.45          $    932.23            70     OWNER          360
 3412111       3412111AD    VILLAREAL       $      49,977.17       9.85          $    433.25         71.43     OWNER          360
 3412491       3412491AD    BILLY           $      35,666.72      10.38          $    392.52         62.72     OWNER          180
 3414968       3414968AD    VALENZUELA      $     119,871.91       9.13          $    976.80            60     OWNER          360
 3415056       3415056AD    VELASQUEZ       $     121,875.64       9.35          $  1,012.52            60     OWNER          360
 3416492       3416492AD    DIMARTINO       $      23,439.01        9.2          $    241.16         39.17     OWNER          180
 3416500       3416500AD    HREBENYAK       $      59,973.17       9.95          $    524.33          42.7     OWNER          360
 3416831       3416831AD    EVANS           $      84,466.05      10.45          $    769.80         54.52     OWNER          360
 3416849       3416849AD    AGUILAR         $      38,604.03        9.7          $    408.80            43     OWNER          180
 3416971       3416971AD    POSTAWKO        $      82,468.94      10.75          $    770.12         68.75     OWNER          360
 3418696       3418696AD    RIEKEN          $      29,973.05       9.95          $    262.17            60     OWNER          360
 3420973       3420973AD    KRUETTNER       $      54,945.68        9.5          $    462.47         64.71     OWNER          360
 3420981       3420981AD    MORENO          $     151,849.87        9.5          $  1,278.10            64     OWNER          360
 3421013       3421013AD    DOODY           $     184,826.67       9.75          $  1,589.44         52.85     OWNER          360
 3421039       3421039AD    SILVA           $      80,941.96         11          $    771.39         64.29     OWNER          360
 3422052       3422052AD    EASLEY          $      23,992.13      11.38          $    235.47         43.64     OWNER          360
 3425931       3425931AD    KUHN            $      74,937.11      12.15          $    780.13            51     OWNER          360
 3427002       3427002AD    GOLDLANDER      $      30,988.21       10.7          $    288.21         41.33     OWNER          360
 3427358       3427358AD    CARTER          $      49,878.81       9.95          $    535.77          64.1     OWNER          180
 3428703       3428703AD    BAKKEN          $      75,920.88       9.25          $    625.24         67.29     OWNER          360
 3434016       3434016AD    GULLEY          $      69,609.30       9.24          $    572.76            52     OWNER          360
 3434966       3434966AD    WARNER          $      42,982.91       10.5          $    393.34         68.25     OWNER          360
 3435104       3435104AD    JONES           $      22,989.00       9.63          $    195.58         52.87     OWNER          360
 3435427       3435427AD    BRYANT          $     169,711.05        9.2          $  1,390.75            60     OWNER          360
 3443967       3443967AD    BRUNSON         $     107,933.62       11.7          $  1,086.03          67.5     OWNER          360
 3444288       3444288AD    NETHERLAND      $      79,471.12       11.7          $    799.64            71     OWNER          360
 3446028       3446028AD    BOYD            $      21,862.42      11.13          $    210.42         59.92     OWNER          360
 3446044       3446044AD    TARAPE          $      74,971.70      10.74          $    699.55         22.73     OWNER          360
 3446267       3446267AD    JONES           $      66,966.70       9.45          $    560.93         70.53     OWNER          360
 3446473       3446473AD    GONZALEZ        $      51,977.96       10.2          $    464.04         56.52     OWNER          360
 3446671       3446671AD    QUINTERO        $      59,968.57        9.2          $    491.43         63.16     OWNER          360
 3446754       3446754AD    BROOKS          $      74,956.87         12          $    771.46            63     OWNER          360
 3446762       3446762AD    DOUGLAS         $      35,431.41      10.25          $    388.02         41.88     OWNER          180
 3449733       3449733AD    JOHNSON         $      43,978.35        9.5          $    369.98         58.67     OWNER          360
 3456001       3456001AD    HICKIN          $     111,949.93       9.95          $    978.74            70     OWNER          360
 3456258       3456258AD    SOLOMON         $      52,478.60      10.38          $    475.53            70     OWNER          360
 3456993       3456993AD    DODGE           $      81,715.45       10.5          $    818.68         67.77     OWNER          240
 3457504       3457504AD    FAVOR           $     129,171.56      10.99          $  1,476.76         59.36     OWNER          180
 3457538       3457538AD    BEIERMANN       $      61,813.06       11.7          $    623.46            65     OWNER          360
 3650165       3650165AD    GRANT           $     223,744.73      10.75          $  2,091.00         69.97     OWNER          360
 3650314       3650314AD    STANIEC         $     209,916.55       10.5          $  1,920.95            70     OWNER          360
 3650363       3650363AD    LANTRIP         $      29,988.41      10.63          $    277.34         46.88     OWNER          360
 3650405       3650405AD    BLANSON         $      49,975.40        9.5          $    420.43         38.46     OWNER          360
 3651841       3651841AD    BEASLEY         $      64,866.44       9.35          $    539.46         54.62     OWNER          360
 3651882       3651882AD    CASTLETON       $     237,623.08        9.2          $  1,949.35            70     OWNER          360

<CAPTION>

 Servicer       AMRESCO      Last                                                            Due
Loan Number   Loan Number    Name              Servicer                 Originator           Date
- -----------   -----------    ----              --------                 ----------           ----
<C>            <C>          <S>                <C>                      <C>                  <C>    
 3396173       3396173AD    HERRERA            ADVANTA                  NEW CENTURY          7/1/97
 3408622       3408622AD    PASSINO            ADVANTA               MUTUAL EQUITY MTG       7/1/97
 3408697       3408697AD    PLUM               ADVANTA                    AMRESCO            8/1/97
 3408739       3408739AD    ESPARZA            ADVANTA                    AMRESCO            7/1/97
 3408838       3408838AD    SCOTT              ADVANTA                    AMRESCO            8/1/97
 3409075       3409075AD    CAESAR             ADVANTA                    AMRESCO            8/1/97
 3409240       3409240AD    BOGUNOVICH         ADVANTA                    AMRESCO            7/1/97
 3411246       3411246AD    FERMAN             ADVANTA                  NEW CENTURY          7/1/97
 3411550       3411550AD    SAYER              ADVANTA                  NEW CENTURY          7/1/97
 3411634       3411634AD    WURTZ              ADVANTA                  NEW CENTURY          8/1/97
 3412111       3412111AD    VILLAREAL          ADVANTA                    AMRESCO            8/1/97
 3412491       3412491AD    BILLY              ADVANTA                    AMRESCO            8/1/97
 3414968       3414968AD    VALENZUELA         ADVANTA                  NEW CENTURY          7/1/97
 3415056       3415056AD    VELASQUEZ          ADVANTA                  NEW CENTURY          7/1/97
 3416492       3416492AD    DIMARTINO          ADVANTA                    AMRESCO            8/1/97
 3416500       3416500AD    HREBENYAK          ADVANTA                    AMRESCO            8/1/97
 3416831       3416831AD    EVANS              ADVANTA                    AMRESCO            8/1/97
 3416849       3416849AD    AGUILAR            ADVANTA                BANKERS MTG CO         8/1/97
 3416971       3416971AD    POSTAWKO           ADVANTA                    AMRESCO            8/1/97
 3418696       3418696AD    RIEKEN             ADVANTA                  NEW CENTURY          7/1/97
 3420973       3420973AD    KRUETTNER          ADVANTA                  NEW CENTURY          7/1/97
 3420981       3420981AD    MORENO             ADVANTA                  NEW CENTURY          7/1/97
 3421013       3421013AD    DOODY              ADVANTA                  NEW CENTURY          7/1/97
 3421039       3421039AD    SILVA              ADVANTA                  NEW CENTURY          7/1/97
 3422052       3422052AD    EASLEY             ADVANTA                    AMRESCO            8/1/97
 3425931       3425931AD    KUHN               ADVANTA                  NEW CENTURY          7/1/97
 3427002       3427002AD    GOLDLANDER         ADVANTA                    AMRESCO            8/1/97
 3427358       3427358AD    CARTER             ADVANTA                    AMRESCO            8/1/97
 3428703       3428703AD    BAKKEN             ADVANTA                  NEW CENTURY          7/1/97
 3434016       3434016AD    GULLEY             ADVANTA                  NEW CENTURY          8/1/97
 3434966       3434966AD    WARNER             ADVANTA                    AMRESCO            8/1/97
 3435104       3435104AD    JONES              ADVANTA                    AMRESCO            8/1/97
 3435427       3435427AD    BRYANT             ADVANTA                    AMRESCO            8/1/97
 3443967       3443967AD    BRUNSON            ADVANTA             GOODRICH & PENNINGTON     7/1/97
 3444288       3444288AD    NETHERLAND         ADVANTA             GOODRICH & PENNINGTON     7/1/97
 3446028       3446028AD    BOYD               ADVANTA                    AMRESCO            8/1/97
 3446044       3446044AD    TARAPE             ADVANTA                    AMRESCO            8/1/97
 3446267       3446267AD    JONES              ADVANTA                    AMRESCO            8/1/97
 3446473       3446473AD    GONZALEZ           ADVANTA                    AMRESCO            8/1/97
 3446671       3446671AD    QUINTERO           ADVANTA                    AMRESCO            8/1/97
 3446754       3446754AD    BROOKS             ADVANTA             GOODRICH & PENNINGTON     7/1/97
 3446762       3446762AD    DOUGLAS            ADVANTA             GOODRICH & PENNINGTON     7/1/97
 3449733       3449733AD    JOHNSON            ADVANTA                    AMRESCO            8/1/97
 3456001       3456001AD    HICKIN             ADVANTA                    AMRESCO            8/1/97
 3456258       3456258AD    SOLOMON            ADVANTA                    AMRESCO            8/1/97
 3456993       3456993AD    DODGE              ADVANTA               PARKWAY MORTGAGE        7/6/97
 3457504       3457504AD    FAVOR              ADVANTA               PARKWAY MORTGAGE        7/5/97
 3457538       3457538AD    BEIERMANN          ADVANTA               PARKWAY MORTGAGE        7/21/97
 3650165       3650165AD    GRANT              ADVANTA           MUTUAL EQUITY MORTGAGE CO   7/1/97
 3650314       3650314AD    STANIEC            ADVANTA                    AMRESCO            8/1/97
 3650363       3650363AD    LANTRIP            ADVANTA                    AMRESCO            8/1/97
 3650405       3650405AD    BLANSON            ADVANTA                    AMRESCO            8/1/97
 3651841       3651841AD    BEASLEY            ADVANTA                      BNC              8/1/97
 3651882       3651882AD    CASTLETON          ADVANTA                      BNC              7/1/97

</TABLE>


                                     Page 4
<PAGE>

AMRESCO Mortgage Loan Schedule
1997-2 PreFund 2 Group 1 Fixed Rate Loans

<TABLE>
<CAPTION>
 Servicer       AMRESCO      Last                                                                    Zip      Property      Maturity
Loan Number   Loan Number    Name                Address                  City            State     Code       Type           Date
- -----------   -----------    ----                -------                  ----            -----     ----       ----           ----
<C>            <C>          <S>           <C>                            <C>               <C>      <C>         <C>         <C> 
  3651908      3651908AD    CLARK         4750  COUNTY ROAD 7            MEEKER            CO       81641       SFR         5/1/27
  3651932      3651932AD    PARTAIN       15558  STATE ROAD 32 E         NOBLESVILLE       IN       46060       SFR         5/1/27
  3651999      3651999AD    OZEKI         640S HOSS STREET               DIAMOND BAR       CA       91765       SFR         5/1/27
  3652062      3652062AD    ANDERSON      1561  KING ROAD                WINLOCK           WA       98596       SFR         5/1/27
  3652096      3652096AD    MOON          608SE7TH STREET                CORVALLIS         OR       97333       SFR         5/1/27
  3652146      3652146AD    HERALD        707  ISABELLA STREET           NEWPORT           KY       41071       SFR         5/1/27
  3652161      3652161AD    LARA          4698W BAYAUD AVENUE            DENVER            CO       80219       SFR         5/1/12
  3652229      3652229AD    HEINEMANN     205S HELEN AVENUE              OLNEY SPRIN       CO       81062       SFR         5/1/27
  3652310      3652310AD    CHURCH        NNA  OLD EAST RIVER            PRIEST RIVE       ID       83856       SFR         5/1/27
  3652336      3652336AD    ARAIZA        1309W SAINT ANDREW PL          SANTA ANA         CA       92704       SFR         5/1/27
  3652484      3652484AD    CASTO         639  6TH STREET                VALLEJO           CA       94590       SFR         5/1/27
  3652534      3652534AD    LILLIS        548  HIGH STREET               WESTWOOD          MA       2090        SFR         5/1/27
  3652591      3652591AD    BANES         656N SOBOBA STREET             HEMET             CA       92544       SFR         5/1/27
  3652617      3652617AD    KAUFMAN       8429  ANN AVENUE               CHARLACK          MO       63114       SFR         5/1/27
  3652740      3652740AD    HUTCHINSON    17535  NAVAJO TRACE            TINLEY PARK       IL       60477       SFR         5/1/27
  3652815      3652815AD    SINGH         2860  ANDER LANE               TURLOCK           CA       95382       SFR         5/1/12
  3652898      3652898AD    LUCHINI       2234  MARLOW RD                SANTA ROSA        CA       95403       SFR         5/1/27
  3652963      3652963AD    HUTCHINS      2972  AVENUE H WEST            RIVIERA BEA       FL       33404       SFR         5/1/27
  3652971      3652971AD    LEE           18501NW 23 AVENUE              OPA LOCKA         FL       33056       SFR         5/1/27
  3652997      3652997AD    THOMPSON      1411  SW 5TH TERRACE           DEERFIELD B       FL       33441       SFR         5/1/12
  3653060      3653060AD    ST.           10NE50 TERRACE                 MIAMI             FL       33137    2-4 UNITS      5/1/12
  3653102      3653102AD    FELIX         2778  ELMHURST CIRCLE          FAIRFIELD         CA       94533       SFR         6/1/27
  3653193      3653193AD    MEISEL        12889  HYLAND CIRCLE           BOCA RATON        FL       33428       PUD         5/1/27
  3653219      3653219AD    SCHUFELDT     47-653  C KAM HIGHWAY          KANEIOHE          HI       96744       SFR         5/1/27
  3653235      3653235AD    ROWLEY        2333W FARWELL #1S              CHICAGO           IL       60646      CONDO        5/1/12
  3653664      3653664AD    LUNA          462 HOOVER AVENUE              TULARE            CA       93274       SFR         7/1/27
  3653763      3653763AD    PARKER LYES   1715 EAST 85TH STREET          CHICAGO           IL       60617       SFR         7/1/12
  3657749      3657749AD    SAHMEL        2007 SOUTH PALM COURT          PASADENA          TX       77502       SFR         7/1/27
  3657954      3657954AD    SMITH         1026 OLD RIVER ROAD            PETAL             MS       39465       SFR         7/1/12
  3661907      3661907AD    SANCHEZ       920 MCCREERY AVENUE            SAN JOSE          CA       95116       SFR         7/1/27
  3661980      3661980AD    DUCEY         820 PITNEY DRIVE               SPRINGLAKES       NJ       7762        SFR         7/1/27
  3662137      3662137AD    WARREN        515 OLIVER AVENUE              ALTAMONTE S       FL       32701       SFR         7/1/12
  3665726      3665726AD    ROSE          5516 HOWARD STREET             OMAHA             NE       68106       SFR         7/1/27
  3670064      3670064AD    PHUONG T. BE  1264 MEDLEY DRIVE              SAN JOSE          CA       95121       SFR         7/1/27
          
<CAPTION>
       
 Servicer       AMRESCO      Last                8/1/97          Current          Current                     Occupancy    Original
Loan Number   Loan Number    Name           Scheduled Balance     Rate           P&I Payment          LTV      Status        Term
- -----------   -----------    ----           -----------------     ----           -----------          ---      ------        ----
<C>            <C>          <S>             <C>                   <C>            <C>                <C>        <C>            <C>
 3651908       3651908AD    CLARK           $      42,079.13       9.64          $    358.65            70     OWNER          360
 3651932       3651932AD    PARTAIN         $      35,354.01      10.14          $    314.33            60     OWNER          360
 3651999       3651999AD    OZEKI           $      59,910.77        9.5          $    504.51         31.25     OWNER          360
 3652062       3652062AD    ANDERSON        $      65,609.34       9.95          $    575.01            70     OWNER          360
 3652096       3652096AD    MOON            $      83,379.40       9.64          $    710.66         52.18     OWNER          360
 3652146       3652146AD    HERALD          $      21,723.79      10.49          $    198.79            75     OWNER          360
 3652161       3652161AD    LARA            $      54,142.30       9.64          $    578.98         63.95     OWNER          180
 3652229       3652229AD    HEINEMANN       $      24,967.54      10.14          $    221.98         47.16     OWNER          360
 3652310       3652310AD    CHURCH          $      24,969.07      10.85          $    235.25         45.45     OWNER          360
 3652336       3652336AD    ARAIZA          $      77,885.21       9.55          $    658.71            65     OWNER          360
 3652484       3652484AD    CASTO           $      49,937.24       10.3          $    449.91         71.42     OWNER          360
 3652534       3652534AD    LILLIS          $     255,168.81      10.15          $  2,270.57            70     OWNER          360
 3652591       3652591AD    BANES           $      49,927.81       9.64          $    425.54         39.68     OWNER          360
 3652617       3652617AD    KAUFMAN         $      38,794.59        9.7          $    332.36            70     OWNER          360
 3652740       3652740AD    HUTCHINSON      $      87,369.85        9.5          $    735.75         41.66     OWNER          360
 3652815       3652815AD    SINGH           $      54,577.39       9.45          $    572.67         59.78     OWNER          180
 3652898       3652898AD    LUCHINI         $      74,896.38       9.85          $    649.88         31.25     OWNER          360
 3652963       3652963AD    HUTCHINS        $      49,932.01       10.2          $    446.19         58.82     OWNER          360
 3652971       3652971AD    LEE             $      49,126.82        9.5          $    413.70            60     OWNER          360
 3652997       3652997AD    THOMPSON        $      33,781.81       11.4          $    395.03         49.27     OWNER          180
 3653060       3653060AD    ST.             $      44,664.04       9.75          $    476.71          62.5     OWNER          180
 3653102       3653102AD    FELIX           $      84,922.86        9.9          $    739.66          63.9     OWNER          360
 3653193       3653193AD    MEISEL          $     137,609.62       9.85          $  1,194.05            65     OWNER          360
 3653219       3653219AD    SCHUFELDT       $     176,045.39       9.64          $  1,500.47         47.64     OWNER          360
 3653235       3653235AD    ROWLEY          $      34,042.75        9.7          $    362.32            70     OWNER          180
 3653664       3653664AD    LUNA            $      83,962.76       9.99          $    736.54         54.19     OWNER          360
 3653763       3653763AD    PARKER LYES     $      55,859.60       9.58          $    587.47            70     OWNER          180
 3657749       3657749AD    SAHMEL          $      36,284.61       10.2          $    323.94         45.38     OWNER          360
 3657954       3657954AD    SMITH           $      25,941.19       10.7          $    290.64         33.12     OWNER          180
 3661907       3661907AD    SANCHEZ         $      93,959.56      10.13          $    833.96         56.97     OWNER          360
 3661980       3661980AD    DUCEY           $      97,955.05       9.83          $    847.73            70     OWNER          360
 3662137       3662137AD    WARREN          $      59,851.20        9.7          $    633.80         34.88     OWNER          180
 3665726       3665726AD    ROSE            $      74,969.42      10.38          $    679.33         51.72     OWNER          360
 3670064       3670064AD    PHUONG T. BE    $     159,938.17      10.63          $  1,479.16         67.51     OWNER          360
                                            ================                                                       
                                            $  18,587,678.00
                                            ================
                            LOAN COUNT                   250  
              
<CAPTION>

 Servicer       AMRESCO      Last                                                            Due
Loan Number   Loan Number    Name              Servicer                 Originator           Date
- -----------   -----------    ----              --------                 ----------           ----
<C>            <C>          <S>                <C>                      <C>                  <C>    
 3651908       3651908AD    CLARK              ADVANTA                      BNC              8/1/97
 3651932       3651932AD    PARTAIN            ADVANTA                      BNC              7/1/97
 3651999       3651999AD    OZEKI              ADVANTA                      BNC              8/1/97
 3652062       3652062AD    ANDERSON           ADVANTA                      BNC              7/1/97
 3652096       3652096AD    MOON               ADVANTA                      BNC              8/1/97
 3652146       3652146AD    HERALD             ADVANTA                      BNC              7/1/97
 3652161       3652161AD    LARA               ADVANTA                      BNC              8/1/97
 3652229       3652229AD    HEINEMANN          ADVANTA                      BNC              8/1/97
 3652310       3652310AD    CHURCH             ADVANTA                      BNC              7/1/97
 3652336       3652336AD    ARAIZA             ADVANTA                      BNC              7/1/97
 3652484       3652484AD    CASTO              ADVANTA                      BNC              7/1/97
 3652534       3652534AD    LILLIS             ADVANTA                      BNC              7/1/97
 3652591       3652591AD    BANES              ADVANTA                      BNC              7/1/97
 3652617       3652617AD    KAUFMAN            ADVANTA                      BNC              8/1/97
 3652740       3652740AD    HUTCHINSON         ADVANTA                      BNC              7/1/97
 3652815       3652815AD    SINGH              ADVANTA                      BNC              8/1/97
 3652898       3652898AD    LUCHINI            ADVANTA                      BNC              7/1/97
 3652963       3652963AD    HUTCHINS           ADVANTA                      BNC              7/1/97
 3652971       3652971AD    LEE                ADVANTA                      BNC              7/1/97
 3652997       3652997AD    THOMPSON           ADVANTA                      BNC              7/1/97
 3653060       3653060AD    ST.                ADVANTA                      BNC              7/1/97
 3653102       3653102AD    FELIX              ADVANTA                      BNC              7/1/97
 3653193       3653193AD    MEISEL             ADVANTA                      BNC              7/1/97
 3653219       3653219AD    SCHUFELDT          ADVANTA                      BNC              7/1/97
 3653235       3653235AD    ROWLEY             ADVANTA                      BNC              7/1/97
 3653664       3653664AD    LUNA               ADVANTA                    AMRESCO            8/1/97
 3653763       3653763AD    PARKER LYES        ADVANTA                    AMRESCO            8/1/97
 3657749       3657749AD    SAHMEL             ADVANTA                    AMRESCO            8/1/97
 3657954       3657954AD    SMITH              ADVANTA                    AMRESCO            8/1/97
 3661907       3661907AD    SANCHEZ            ADVANTA                    AMRESCO            8/1/97
 3661980       3661980AD    DUCEY              ADVANTA                    AMRESCO            8/1/97
 3662137       3662137AD    WARREN             ADVANTA                    AMRESCO            8/1/97
 3665726       3665726AD    ROSE               ADVANTA                    AMRESCO            8/1/97
 3670064       3670064AD    PHUONG T. BE       ADVANTA                    AMRESCO            8/1/97

</TABLE>

                                     Page 5
<PAGE>

AMRESCO Mortgage Loan Schedule
1997-2 PreFund 2 Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>
 Servicer       AMRESCO      Last                                                                    Zip      Property      Maturity
Loan Number   Loan Number    Name                Address                  City            State     Code       Type           Date
- -----------   -----------    ----                -------                  ----            -----     ----       ----           ----
<C>            <C>          <S>           <C>                            <C>               <C>      <C>         <C>         <C> 
  3068699      3068699LB    MCNALLY       3161 SHADOW WALK LANE          TUCKER            GA       30084        SFR        3/1/27
  3159746      3159746LB    HILLINGS      2101 HIGHLAND AVENUE           MANHATTAN BEACH   CA       90266       CONDO       5/1/27
  3230661      3230661AD    MOMDJIAN      42240 NORTH 52ND STREET WE     LANCASTER         CA       93536        SFR        2/1/27
  3230729      3230729AD    TERRY         1819 SHIPWAY AVENUE            LONG BEACH        CA       90815        SFR        3/1/27
  3230752      3230752AD    LESTER        401 WEST ELM STREET            COMPTON           CA       90220        SFR        3/1/27
  3230760      3230760AD    SCOTT         8940 OSWEGO STREET             LOS ANGELES       CA       91040        SFR        4/1/27
  3230877      3230877AD    BROOKENS      673 WEST 9TH STREET            S.B.              CA       92410        SFR        3/1/27
  3230885      3230885AD    EMMER         70 SELL DRIVE                  HARTFORD          WI       53027        SFR        3/1/27
  3231032      3231032AD    BINGHAM       14320 SW BARLOW COURT          BEAVERTON         OR       97008        SFR        4/1/27
  3231073      3231073AD    BYERS         4415 AMADOR ROAD               FREMONT           CA       94538        SFR        4/1/27
  3231115      3231115AD    AMUNDSON      1221 SOUTH 37TH STREET         MILWAUKEE         WI       53215        SFR        4/1/27
  3231123      3231123AD    AMUNDSON      1907 SOUTH 16TH STREET         MILWAUKEE         WI       53204        SFR        4/1/27
  3231131      3231131AD    AMUNDSON      2655 SOUTH 13TH STREET         MILWAUKEE         WI       53215        SFR        4/1/27
  3231149      3231149AD    AMUNDSON      3705-07 WEST GALENA STREET     MILWAUKEE         WI       53208        SFR        4/1/27
  3231164      3231164AD    UMHOEFER      3703 NORTH 3RD STREET          MILWAUKEE         WI       53212     2-4 UNITS     4/1/27
  3231271      3231271AD    RISER         115 NORTHEAST 136TH AVENUE     PORTLAND          OR       97230        SFR        4/1/27
  3231289      3231289AD    RITCHIE       W 204 S 10508 VICTORIA DR      MUSKEGO           WI       53150        SFR        4/1/27
  3231297      3231297AD    BLANCHARD     12711 LOUVRE STREET            P.A.              CA       91331        SFR        4/1/27
  3231305      3231305AD    FLORES        6217-6217A-6217B MAYFLOWER     BELL              CA       90020     2-4 UNITS     4/1/27
  3231339      3231339AD    TROTTER       1103-1109 NE PRESCOTT ST       PORTLAND          OR       9721      2-4 UNITS     4/1/27
  3231354      3231354AD    DOOLEY        6250 MOCCASIN PASS COURT       C.S.              CO       80919        SFR        4/1/27
  3231370      3231370AD    NAVARRETE     500 WALNUT AVENUE              MONTEBELLO        CA       90640        SFR        4/1/27
  3231388      3231388AD    PEREZ         3250 ESTADO STREET             PASADENA          CA       91107        SFR        4/1/27
  3231404      3231404AD    TAYLOR        458 N. ORANGE AVE              EXETER            CA       93221        SFR        4/1/27
  3231438      3231438AD    FLANDERS      1253 & 1253 1/2 WEST 36TH      LOS ANGELES       CA       90007     2-4 UNITS     4/1/27
  3231446      3231446AD    KATRA         17172 BARCELONA LANE           H.B.              CA       92647        SFR        4/1/27
  3231479      3231479AD    MUNOZ         4723 WEST MCFADDEN AVENUE      SANTA ANA         CA       92704        SFR        4/1/27
  3231495      3231495AD    VILLASENOR    6833 LOUISE AVENUE             VAN NUYS          CA       91406        SFR        4/1/27
  3231578      3231578AD    LAVEY         2323 ANGELCREST DRIVE          H.H.A.            CA       91745        SFR        4/1/27
  3231602      3231602AD    ROBARGE-KOMA  3730 WEST CONGRESS STREET      MILWAUKEE         WI       53209     2-4 UNITS     4/1/27
  3231610      3231610AD    SAMPSON       5207 SOUTH WILTON PLACE        LOS ANGELES       CA       90062        SFR        4/1/27
  3231628      3231628AD    SIEKER        6366 WEST 82ND STREET          LOS ANGELES       CA       90045        SFR        4/1/27
  3247202      3247202AD    LANDIS        3523 WEST CORONADO             PHOENIX           AZ       85009        SFR        6/1/27
  3266558      3266558AD    SARGENT       1817 PRATT STREET              DALLAS            TX       75224        SFR        4/1/27
  3269644      3269644AD    KEENER        316 LINDEN PLACE               MARION            OH       43302        SFR        6/1/27
  3314507      3314507AD    WALLACE       33120 NE 64TH AVENUE           LA CENTER         WA       98629        SFR        6/1/27
  3319290      3319290AD    RUSS          1008 WEST FOSTER AVENUE        LAKE BLUFF        IL       60044        SFR        6/1/27
  3334760      3334760AD    LUJAN         3582 CLAYTON ROAD              SAN JOSE          CA       95127        SFR        2/1/26
  3334786      3334786AD    SILVER        11185 SUNSET AVENUE            BANNING           CA       92220        SFR        6/1/26
  3334844      3334844AD    HALL          8623 STEILACOOM ROAD SE        OLYMPIA           WA       98513     2-4 UNITS     11/1/26
  3334851      3334851AD    KETTERER      8973 WEST 3000 SOUTH           MAGNA             UT       84044        SFR        11/1/26
  3334869      3334869AD    OBEAR         375 NORTH MELROSE DRIVE #E     VISTA             CA       92083       CONDO       11/1/26
  3334877      3334877AD    BECK          1408 ATHERTON STREET           SACRAMENTO        CA       95822        SFR        11/1/26
  3334885      3334885AD    DELUCA        42957 FREMONT BOULEVARD        FREMONT           CA       94538        SFR        11/1/26
  3334901      3334901AD    LUCAS         27632 ALARCON                  MISSION VIE       CA       92691        SFR        11/1/26
  3334919      3334919AD    MEGERDICHIAN  855 SOUTH PUEBLO STREET        SALT LAKE C       UT       84104       OTHER       11/1/26
  3334935      3334935AD    MOTTU         306 RINCON ROAD                GONZALES          CA       93926        SFR        11/1/26
  3334976      3334976AD    CHOO          2405 CAPETOWN AVENUE           ALHAMBRA          CA       91803        SFR        11/1/26
  3334984      3334984AD    KLINE         323 BRIDGE WAY                 NEVADA CITY       CA       95959       CONDO       11/1/26
  3335007      3335007AD    ROBERTSON     6562 E. NORWOOD STREET         MESA              AZ       85215        SFR        11/1/26
  3335015      3335015AD    KOHUT         13415 CRANSTON AVENUE          LOS ANGELES       CA       91342        SFR        11/1/26
  3335031      3335031AD    JOSEPHS       27600 ALPEN DRIVE              LAKE ARROWH       CA       92808        SFR        11/1/26

<CAPTION>
       
 Servicer       AMRESCO      Last                8/1/97          Current          Current                     Occupancy    Original
Loan Number   Loan Number    Name           Scheduled Balance     Rate           P&I Payment          LTV      Status        Term
- -----------   -----------    ----           -----------------     ----           -----------          ---      ------        ----
<C>            <C>          <S>             <C>                   <C>            <C>                <C>        <C>            <C>
  3068699      3068699LB    MCNALLY         $     59,875.36        10.375        $    543.25        86.96       OWNER         360
  3159746      3159746LB    HILLINGS        $    503,393.86          10.5        $  4,610.29           80       OWNER         360
  3230661      3230661AD    MOMDJIAN        $     79,732.30          8.99        $    643.12           80       NON OWNER     360
  3230729      3230729AD    TERRY           $    161,155.56         10.25        $  1,447.20           85       OWNER         360
  3230752      3230752AD    LESTER          $    106,035.17          10.5        $    971.91           85       OWNER         360
  3230760      3230760AD    SCOTT           $     45,212.12         9.625        $    385.05        34.85       OWNER         360
  3230877      3230877AD    BROOKENS        $     70,986.62           9.5        $    598.69           80       NON OWNER     360
  3230885      3230885AD    EMMER           $    109,219.25        11.625        $  1,094.82        79.99       OWNER         360
  3231032      3231032AD    BINGHAM         $    146,059.38          8.75        $  1,151.73           80       OWNER         360
  3231073      3231073AD    BYERS           $    157,132.96          9.99        $  1,381.01           70       NON OWNER     360
  3231115      3231115AD    AMUNDSON        $     43,113.22         10.74        $    402.94           80       NON OWNER     360
  3231123      3231123AD    AMUNDSON        $     31,935.75         10.74        $    298.47           80       NON OWNER     360
  3231131      3231131AD    AMUNDSON        $     41,915.62         10.74        $    391.75           80       NON OWNER     360
  3231149      3231149AD    AMUNDSON        $     29,937.61          10.5        $    274.42           75       NON OWNER     360
  3231164      3231164AD    UMHOEFER        $     29,200.30         10.25        $    262.11           75       NON OWNER     360
  3231271      3231271AD    RISER           $    103,758.02          8.75        $    818.17           80       OWNER         360
  3231289      3231289AD    RITCHIE         $    141,727.66         10.63        $  1,312.29           85       OWNER         360
  3231297      3231297AD    BLANCHARD       $     95,836.89         10.25        $    860.26           80       OWNER         360
  3231305      3231305AD    FLORES          $    179,601.43          8.99        $  1,447.03           75       NON OWNER     360
  3231339      3231339AD    TROTTER         $     93,618.07         9.625        $    797.29           70       OWNER         360
  3231354      3231354AD    DOOLEY          $    160,937.27         9.625        $  1,370.61           75       OWNER         360
  3231370      3231370AD    NAVARRETE       $    155,306.08          9.75        $  1,336.84           80       OWNER         360
  3231388      3231388AD    PEREZ           $    100,818.65          9.99        $    885.60        69.66       OWNER         360
  3231404      3231404AD    TAYLOR          $     39,819.26          8.74        $    314.39        57.14       NON OWNER     360
  3231438      3231438AD    FLANDERS        $    143,647.31           8.5        $  1,107.24           80       OWNER         360
  3231446      3231446AD    KATRA           $    153,339.04         10.25        $  1,376.41           80       OWNER         360
  3231479      3231479AD    MUNOZ           $    191,607.59         9.375        $  1,596.96           80       OWNER         360
  3231495      3231495AD    VILLASENOR      $    177,304.72         9.615        $  1,508.71           85       OWNER         360
  3231578      3231578AD    LAVEY           $    185,588.16          8.99        $  1,495.26           75       OWNER         360
  3231602      3231602AD    ROBARGE-KOMA    $     59,803.53          10.5        $    547.93        74.97       NON OWNER     360
  3231610      3231610AD    SAMPSON         $    111,732.65         8.625        $    871.12           80       OWNER         360
  3231628      3231628AD    SIEKER          $    163,119.58          8.75        $  1,286.26        69.57       OWNER         360
  3247202      3247202AD    LANDIS          $     30,425.98           9.5        $    256.47           70       OWNER         360
  3266558      3266558AD    SARGENT         $     73,811.75        11.875        $    753.04        55.56       OWNER         360
  3269644      3269644AD    KEENER          $     53,117.58           7.3        $    364.72           70       OWNER         360
  3314507      3314507AD    WALLACE         $    124,427.61         11.95        $  1,275.83           75       OWNER         360
  3319290      3319290AD    RUSS            $    154,547.19           9.5        $  1,300.81           85       OWNER         360
  3334760      3334760AD    LUJAN           $    185,299.12          9.88        $  1,623.82        84.62       OWNER         360
  3334786      3334786AD    SILVER          $    185,450.09         10.99        $  1,774.11           85       OWNER         360
  3334844      3334844AD    HALL            $     94,563.91           9.5        $    799.03           75       OWNER         360
  3334851      3334851AD    KETTERER        $     51,769.96          9.99        $    455.96        78.79       OWNER         360
  3334869      3334869AD    OBEAR           $     71,066.12         10.38        $    651.89           80       OWNER         360
  3334877      3334877AD    BECK            $     54,562.33         11.35        $    535.93           75       OWNER         360
  3334885      3334885AD    DELUCA          $    125,538.12         10.99        $  1,198.98           75       OWNER         360
  3334901      3334901AD    LUCAS           $    245,406.86          9.99        $  2,160.90           80       OWNER         360
  3334919      3334919AD    MEGERDICHIAN    $     99,490.98          10.4        $    906.21        80.65       NON OWNER     360
  3334935      3334935AD    MOTTU           $    135,458.70         10.55        $  1,249.14           80       OWNER         360
  3334976      3334976AD    CHOO            $    163,123.91          8.99        $  1,318.41           80       OWNER         360
  3334984      3334984AD    KLINE           $    116,169.22          9.95        $  1,019.42           80       OWNER         360
  3335007      3335007AD    ROBERTSON       $     89,203.74          9.99        $    785.65           80       OWNER         360
  3335015      3335015AD    KOHUT           $    127,433.95          9.99        $  1,122.35        74.85       NON OWNER     360
  3335031      3335031AD    JOSEPHS         $    298,541.96          9.49        $  2,520.38        77.92       OWNER         360

<CAPTION>

 Servicer       AMRESCO      Last                                                            Due
Loan Number   Loan Number    Name              Servicer                 Originator           Date
- -----------   -----------    ----              --------                 ----------           ----
<C>            <C>          <S>                <C>                      <C>                  <C>    
  3068699      3068699LB    MCNALLY            AMERIQUEST             LONG BEACH MTG         7/1/97
  3159746      3159746LB    HILLINGS           AMERIQUEST             LONG BEACH MTG         7/1/97
  3230661      3230661AD    MOMDJIAN           ADVANTA                    ADMIRAL            7/1/97
  3230729      3230729AD    TERRY              ADVANTA                    ADMIRAL            7/1/97
  3230752      3230752AD    LESTER             ADVANTA                    ADMIRAL            7/1/97
  3230760      3230760AD    SCOTT              ADVANTA                    ADMIRAL            7/1/97
  3230877      3230877AD    BROOKENS           ADVANTA                    ADMIRAL            7/1/97
  3230885      3230885AD    EMMER              ADVANTA                    ADMIRAL            7/1/97
  3231032      3231032AD    BINGHAM            ADVANTA                    ADMIRAL            7/1/97
  3231073      3231073AD    BYERS              ADVANTA                    ADMIRAL            7/1/97
  3231115      3231115AD    AMUNDSON           ADVANTA                    ADMIRAL            7/1/97
  3231123      3231123AD    AMUNDSON           ADVANTA                    ADMIRAL            7/1/97
  3231131      3231131AD    AMUNDSON           ADVANTA                    ADMIRAL            7/1/97
  3231149      3231149AD    AMUNDSON           ADVANTA                    ADMIRAL            7/1/97
  3231164      3231164AD    UMHOEFER           ADVANTA                    ADMIRAL            8/1/97
  3231271      3231271AD    RISER              ADVANTA                    ADMIRAL            7/1/97
  3231289      3231289AD    RITCHIE            ADVANTA                    ADMIRAL            7/1/97
  3231297      3231297AD    BLANCHARD          ADVANTA                    ADMIRAL            7/1/97
  3231305      3231305AD    FLORES             ADVANTA                    ADMIRAL            7/1/97
  3231339      3231339AD    TROTTER            ADVANTA                    ADMIRAL            7/1/97
  3231354      3231354AD    DOOLEY             ADVANTA                    ADMIRAL            8/1/97
  3231370      3231370AD    NAVARRETE          ADVANTA                    ADMIRAL            7/1/97
  3231388      3231388AD    PEREZ              ADVANTA                    ADMIRAL            7/1/97
  3231404      3231404AD    TAYLOR             ADVANTA                    ADMIRAL            7/1/97
  3231438      3231438AD    FLANDERS           ADVANTA                    ADMIRAL            7/1/97
  3231446      3231446AD    KATRA              ADVANTA                    ADMIRAL            7/1/97
  3231479      3231479AD    MUNOZ              ADVANTA                    ADMIRAL            7/1/97
  3231495      3231495AD    VILLASENOR         ADVANTA                    ADMIRAL            7/1/97
  3231578      3231578AD    LAVEY              ADVANTA                    ADMIRAL            7/1/97
  3231602      3231602AD    ROBARGE-KOMA       ADVANTA                    ADMIRAL            7/1/97
  3231610      3231610AD    SAMPSON            ADVANTA                    ADMIRAL            7/1/97
  3231628      3231628AD    SIEKER             ADVANTA                    ADMIRAL            7/1/97
  3247202      3247202AD    LANDIS             ADVANTA                  NEW CENTURY          8/1/97
  3266558      3266558AD    SARGENT            ADVANTA                    AMRESCO            7/1/97
  3269644      3269644AD    KEENER             ADVANTA                  NEW CENTURY          7/1/97
  3314507      3314507AD    WALLACE            ADVANTA                  NEW CENTURY          7/1/97
  3319290      3319290AD    RUSS               ADVANTA                  NEW CENTURY          7/1/97
  3334760      3334760AD    LUJAN              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3334786      3334786AD    SILVER             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3334844      3334844AD    HALL               ADVANTA             FREMONT INV AND LOAN      7/1/97
  3334851      3334851AD    KETTERER           ADVANTA             FREMONT INV AND LOAN      7/1/97
  3334869      3334869AD    OBEAR              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3334877      3334877AD    BECK               ADVANTA             FREMONT INV AND LOAN      7/1/97
  3334885      3334885AD    DELUCA             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3334901      3334901AD    LUCAS              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3334919      3334919AD    MEGERDICHIAN       ADVANTA             FREMONT INV AND LOAN      7/1/97
  3334935      3334935AD    MOTTU              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3334976      3334976AD    CHOO               ADVANTA             FREMONT INV AND LOAN      8/1/97
  3334984      3334984AD    KLINE              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335007      3335007AD    ROBERTSON          ADVANTA             FREMONT INV AND LOAN      8/1/97
  3335015      3335015AD    KOHUT              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335031      3335031AD    JOSEPHS            ADVANTA             FREMONT INV AND LOAN      7/1/97
</TABLE>


                                     Page 1
<PAGE>

AMRESCO Mortgage Loan Schedule
1997-2 PreFund 2 Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>
 Servicer       AMRESCO      Last                                                                    Zip      Property      Maturity
Loan Number   Loan Number    Name                Address                  City            State     Code       Type           Date
- -----------   -----------    ----                -------                  ----            -----     ----       ----           ----
<C>            <C>          <S>           <C>                            <C>               <C>      <C>         <C>         <C> 
  3335056      3335056AD    SANDOVAL      20943 SATICOY STREET           CANOGA PARK       CA       91304        SFR        11/1/26
  3335080      3335080AD    HANEY         1808 & 1810 AVONDALE AVENU     SACRAMENTO        CA       95825     2-4 UNITS     11/1/26
  3335098      3335098AD    DASCALOS      3100 INDIANA STREET            GOLDEN            CO       80401        SFR        11/1/26
  3335106      3335106AD    MARTIN        1465-1467 WALLACE AVENUE       LOS ANGELES       CA       90026     2-4 UNITS     11/1/26
  3335114      3335114AD    DAVIS         236 PORTER COURT               WOODLAND          CA       95695        SFR        12/1/26
  3335122      3335122AD    NAZARIO       10534 EAST FENIMORE ROAD       APACHE JUNC       AZ       85220        SFR        11/1/26
  3335130      3335130AD    THORNSON      1208 RICKY COURT               SUISUN CITY       CA       94585        SFR        11/1/26
  3335205      3335205AD    MC CLENAGHAN  5309 GERKIN ROAD               BISHOP            CA       93514        SFR        11/1/26
  3335213      3335213AD    DARCO         220 EAST 46TH STREET           SAN BERNARD       CA       92405        SFR        12/1/26
  3335239      3335239AD    JAMES         24916 SHOSHONEE DRIVE          MURIETTA          CA       92562        SFR        11/1/26
  3335247      3335247AD    SANTOS        3019 BAYER DRIVE               MARINA            CA       93933        SFR        12/1/26
  3335254      3335254AD    RUIZ          443 S GARDEN AVENUE            STOCKTON          CA       95205        SFR        12/1/26
  3335262      3335262AD    DOMINGUEZ     3950-3952 HAMMEL STREET        LOS ANGELES       CA       90063     2-4 UNITS     12/1/26
  3335270      3335270AD    URBANO        2347 POTTERS COURT             HENDERSON         NV       89014        SFR        12/1/26
  3335304      3335304AD    WINGER        43353 41ST STREET              LANCASTER         CA       93536        SFR        12/1/26
  3335312      3335312AD    FISH          327 LOS ALTOS DRIVE            APTOS             CA       95003        SFR        12/1/26
  3335338      3335338AD    MESSINGER     715 & 715 1/2 E. 4TH STREE     PORT ANGELE       WA       98362     2-4 UNITS     12/1/26
  3335346      3335346AD    DOMAN         13638 DONNYBROOK LANE          MOORPARK          CA       93021        SFR        12/1/26
  3335387      3335387AD    OLSON         2092 BATES CIRCLE              EL DORADO H       CA       95762        SFR        12/1/26
  3335395      3335395AD    SIMINE        3895 HAVEN AVENUE              FREMONT           CA       94538        SFR        12/1/26
  3335403      3335403AD    IMANAKA       1755 CALIFORNIA DRIVE #12      BURLINGAME        CA       94010       CONDO       12/1/26
  3335411      3335411AD    COONS         6621 CRANBERRY COURT           CITRUS HEIG       CA       95621        SFR        12/1/26
  3335437      3335437AD    SANDERS       7515 ARTHUR STREET             OAKLAND           CA       92808        SFR        1/1/27
  3335445      3335445AD    PAGE          512 SOUTH 6TH AVENUE           KELSO             WA       98626        SFR        1/1/27
  3335452      3335452AD    QUIMET        3026 W. SAGINAW WAY            FRESNO            CA       93722     2-4 UNITS     1/1/27
  3335460      3335460AD    ANSPAUCH      8212 WEST NORTON AVENUE        WEST HOLLYW       CA       90046     2-4 UNITS     1/1/27
  3335486      3335486AD    EUL           7581 OLD REDMOND ROAD #2       REDMOND           WA       98052       CONDO       1/1/27
  3335494      3335494AD    HOLLY         565-565 1/2 HYDE PARK PLAC     INGLEWOOD         CA       90302     2-4 UNITS     1/1/27
  3335502      3335502AD    PETERSON      6412 SOUTH LA CORTA DRIVE      TEMPE             AZ       85283        SFR        1/1/27
  3335510      3335510AD    AVILA         634 N. REGENT STREET           STOCKTON          CA       95204        SFR        1/1/27
  3335528      3335528AD    LASTIMA       6939 ALABAMA AVENUE #111       LOS ANGELES       CA       91303       CONDO       11/1/26
  3335551      3335551AD    GARCIA        4230 CARLE LANE                SACRAMENTO        CA       95841        SFR        1/1/27
  3335569      3335569AD    WARD          4624 10TH AVENUE               SACRAMENTO        CA       95820        SFR        1/1/27
  3335577      3335577AD    COTTON        809 SOUTH MAYO AVENUE          COMPTON           CA       90221        SFR        1/1/27
  3335585      3335585AD    KIM           396 OLYMPIC VIEW AVENUE        OCEAN SHORE       WA       98569        SFR        1/1/27
  3335643      3335643AD    HARRISON      3021 SOUTH SYCAMORE STREET     SANTA ANA         CA       92707       CONDO       1/1/27
  3335650      3335650AD    HARRIGAN      1730 CHESTER STREET            AURORA            CO       80010     2-4 UNITS     1/1/27
  3335676      3335676AD    MICHAELS      509 OAK LAKE AVENUE            SANTA ROSA        CA       95409        SFR        1/1/27
  3335684      3335684AD    JOSEPH        155 WILMINGTON AVENUE NO.      COMPTON           CA       90220       CONDO       1/1/27
  3335692      3335692AD    KAMSTRA       12814 117TH STREET EAST        PUYALLUP          WA       98374        SFR        1/1/27
  3335718      3335718AD    POLLARD       1331 E. ROESER ROAD            PHOENIZ           AZ       85040        SFR        1/1/27
  3335742      3335742AD    WYMAN         215 NORTH ROCK ST.             CENTRALIA         WA       98531     2-4 UNITS     1/1/27
  3335767      3335767AD    STEVENSON     3535 E. SECTION AVENUE         STOCKTON          CA       95205        SFR        1/1/27
  3335775      3335775AD    DAVIS         5333 DEANE AVENUE              LOS ANGELES       CA       90043        SFR        1/1/27
  3335783      3335783AD    GARCIA        1157 S. OLIVE AVENUE           STOCKTON          CA       95215        SFR        1/1/27
  3335809      3335809AD    MORA          9 ALVARES COURT                SACRAMENTO        CA       95833        SFR        1/1/27
  3335817      3335817AD    ROSE          20580 FUENTES DRIVE SOUTH      PIONEER           CA       95666        SFR        1/1/27
  3335833      3335833AD    TEDTAOTAP     14050 & 14058 ARTHUR AVE       PARAMOUNT         CA       90723     2-4 UNITS     1/1/27
  3335858      3335858AD    RODRIGUEZ     23251 SY DRIVE                 LAKE FOREST       CA       92630        SFR        1/1/27
  3335866      3335866AD    BYBEE         912 NORTH COMPTON ROAD         FARMINGTON        UT       84025        SFR        1/1/27
  3335874      3335874AD    COLOMB        19620 TARA LANE                PENN VALLEY       CA       95946        SFR        1/1/27
  3335882      3335882AD    MAHONEY       2524 WEST OQUIRRHVIEW          RIVERTON          UT       84065        SFR        1/1/27

<CAPTION>
       
 Servicer       AMRESCO      Last                8/1/97          Current          Current                     Occupancy    Original
Loan Number   Loan Number    Name           Scheduled Balance     Rate           P&I Payment          LTV      Status        Term
- -----------   -----------    ----           -----------------     ----           -----------          ---      ------        ----
<C>            <C>          <S>             <C>                   <C>            <C>                <C>        <C>            <C>
  3335056      3335056AD    SANDOVAL        $     99,260.68         10.85        $    941.01           80       OWNER         360
  3335080      3335080AD    HANEY           $    104,125.69         10.25        $    936.73           75       OWNER         360
  3335098      3335098AD    DASCALOS        $    143,300.17          9.49        $  1,209.78           80       OWNER         360
  3335106      3335106AD    MARTIN          $     59,780.28            12        $    616.56        64.52       NON OWNER     360
  3335114      3335114AD    DAVIS           $    119,411.78           9.5        $  1,008.08        77.42       OWNER         360
  3335122      3335122AD    NAZARIO         $    111,588.13         10.55        $  1,028.70           80       OWNER         360
  3335130      3335130AD    THORNSON        $    111,431.36          8.99        $    900.38        79.43       OWNER         360
  3335205      3335205AD    MC CLENAGHAN    $    135,479.93         10.35        $  1,228.82           80       OWNER         360
  3335213      3335213AD    DARCO           $     22,022.80          10.2        $    197.22           65       NON OWNER     360
  3335239      3335239AD    JAMES           $    186,857.79         10.99        $  1,784.03           80       OWNER         360
  3335247      3335247AD    SANTOS          $    135,106.09          9.75        $  1,170.60        77.86       OWNER         360
  3335254      3335254AD    RUIZ            $     63,768.84         10.05        $    564.02        78.53       OWNER         360
  3335262      3335262AD    DOMINGUEZ       $    160,565.43          9.55        $  1,361.77           75       OWNER         360
  3335270      3335270AD    URBANO          $     95,557.34         9.625        $    815.44           80       OWNER         360
  3335304      3335304AD    WINGER          $     95,650.02          9.99        $    841.76           80       OWNER         360
  3335312      3335312AD    FISH            $    212,102.33          10.5        $  1,946.57           80       OWNER         360
  3335338      3335338AD    MESSINGER       $     95,704.76          10.8        $    899.75         76.8       NON OWNER     360
  3335346      3335346AD    DOMAN           $    203,216.55          9.75        $  1,752.68           80       OWNER         360
  3335387      3335387AD    OLSON           $    183,820.56          9.95        $  1,612.31        78.01       OWNER         360
  3335395      3335395AD    SIMINE          $    108,073.66          9.63        $    922.24           70       OWNER         360
  3335403      3335403AD    IMANAKA         $    195,243.04        10.875        $  1,846.51           80       OWNER         360
  3335411      3335411AD    COONS           $    108,369.70          9.55        $    918.87        79.47       OWNER         360
  3335437      3335437AD    SANDERS         $     94,057.13          9.75        $    811.05           80       OWNER         360
  3335445      3335445AD    PAGE            $     41,733.81          10.5        $    384.20        64.62       OWNER         360
  3335452      3335452AD    QUIMET          $     84,628.48          8.75        $    668.70        70.83       NON OWNER     360
  3335460      3335460AD    ANSPAUCH        $    205,084.96          9.99        $  1,805.70           75       OWNER         360
  3335486      3335486AD    EUL             $     70,848.91          8.75        $    559.82           80       OWNER         360
  3335494      3335494AD    HOLLY           $    127,938.48          8.75        $  1,010.92        75.59       OWNER         360
  3335502      3335502AD    PETERSON        $     38,874.28          10.4        $    353.84           65       OWNER         360
  3335510      3335510AD    AVILA           $    175,230.72          8.75        $  1,384.60           80       OWNER         360
  3335528      3335528AD    LASTIMA         $     55,433.73          11.5        $    550.60           80       OWNER         360
  3335551      3335551AD    GARCIA          $    108,200.47           7.5        $    760.75           80       OWNER         360
  3335569      3335569AD    WARD            $     31,341.46          7.99        $    230.92        64.95       NON OWNER     360
  3335577      3335577AD    COTTON          $    111,522.01          8.99        $    900.38           80       OWNER         360
  3335585      3335585AD    KIM             $    133,873.26          9.75        $  1,154.71           80       OWNER         360
  3335643      3335643AD    HARRISON        $     69,748.98          10.5        $    640.32           80       OWNER         360
  3335650      3335650AD    HARRIGAN        $    111,510.48          8.75        $    881.11           70       NON OWNER     360
  3335676      3335676AD    MICHAELS        $    191,197.42          8.99        $  1,543.49           80       OWNER         360
  3335684      3335684AD    JOSEPH          $     37,375.58         10.24        $    335.76           75       NON OWNER     360
  3335692      3335692AD    KAMSTRA         $    144,868.82          10.5        $  1,328.97           80       OWNER         360
  3335718      3335718AD    POLLARD         $     34,870.54          9.65        $    298.14        70.71       OWNER         360
  3335742      3335742AD    WYMAN           $    101,937.17         11.65        $  1,023.79        65.94       NON OWNER     360
  3335767      3335767AD    STEVENSON       $     71,698.98          8.99        $    578.82           80       OWNER         360
  3335775      3335775AD    DAVIS           $    211,063.08          8.69        $  1,658.73           80       OWNER         360
  3335783      3335783AD    GARCIA          $     51,761.90           8.5        $    399.84           80       OWNER         360
  3335809      3335809AD    MORA            $    127,464.95          8.99        $  1,029.00           80       OWNER         360
  3335817      3335817AD    ROSE            $    105,507.22          9.99        $    928.35           77       OWNER         360
  3335833      3335833AD    TEDTAOTAP       $    149,534.07          10.6        $  1,383.34           75       OWNER         360
  3335858      3335858AD    RODRIGUEZ       $    205,252.04          9.75        $  1,769.86        79.23       OWNER         360
  3335866      3335866AD    BYBEE           $    167,952.03           8.5        $  1,297.55           75       OWNER         360
  3335874      3335874AD    COLOMB          $    195,380.00          10.5        $  1,792.89         78.4       OWNER         360
  3335882      3335882AD    MAHONEY         $    129,135.94         10.59        $  1,194.23           80       OWNER         360

<CAPTION>

 Servicer       AMRESCO      Last                                                            Due
Loan Number   Loan Number    Name              Servicer                 Originator           Date
- -----------   -----------    ----              --------                 ----------           ----
<C>            <C>          <S>                <C>                      <C>                  <C>    
  3335056      3335056AD    SANDOVAL           ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335080      3335080AD    HANEY              ADVANTA             FREMONT INV AND LOAN      8/1/97
  3335098      3335098AD    DASCALOS           ADVANTA             FREMONT INV AND LOAN      8/1/97
  3335106      3335106AD    MARTIN             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335114      3335114AD    DAVIS              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335122      3335122AD    NAZARIO            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335130      3335130AD    THORNSON           ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335205      3335205AD    MC CLENAGHAN       ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335213      3335213AD    DARCO              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335239      3335239AD    JAMES              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335247      3335247AD    SANTOS             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335254      3335254AD    RUIZ               ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335262      3335262AD    DOMINGUEZ          ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335270      3335270AD    URBANO             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335304      3335304AD    WINGER             ADVANTA             FREMONT INV AND LOAN      8/1/97
  3335312      3335312AD    FISH               ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335338      3335338AD    MESSINGER          ADVANTA             FREMONT INV AND LOAN      8/1/97
  3335346      3335346AD    DOMAN              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335387      3335387AD    OLSON              ADVANTA             FREMONT INV AND LOAN      8/1/97
  3335395      3335395AD    SIMINE             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335403      3335403AD    IMANAKA            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335411      3335411AD    COONS              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335437      3335437AD    SANDERS            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335445      3335445AD    PAGE               ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335452      3335452AD    QUIMET             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335460      3335460AD    ANSPAUCH           ADVANTA             FREMONT INV AND LOAN      8/1/97
  3335486      3335486AD    EUL                ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335494      3335494AD    HOLLY              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335502      3335502AD    PETERSON           ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335510      3335510AD    AVILA              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335528      3335528AD    LASTIMA            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335551      3335551AD    GARCIA             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335569      3335569AD    WARD               ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335577      3335577AD    COTTON             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335585      3335585AD    KIM                ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335643      3335643AD    HARRISON           ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335650      3335650AD    HARRIGAN           ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335676      3335676AD    MICHAELS           ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335684      3335684AD    JOSEPH             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335692      3335692AD    KAMSTRA            ADVANTA             FREMONT INV AND LOAN      8/1/97
  3335718      3335718AD    POLLARD            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335742      3335742AD    WYMAN              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335767      3335767AD    STEVENSON          ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335775      3335775AD    DAVIS              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335783      3335783AD    GARCIA             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335809      3335809AD    MORA               ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335817      3335817AD    ROSE               ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335833      3335833AD    TEDTAOTAP          ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335858      3335858AD    RODRIGUEZ          ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335866      3335866AD    BYBEE              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335874      3335874AD    COLOMB             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335882      3335882AD    MAHONEY            ADVANTA             FREMONT INV AND LOAN      7/1/97
</TABLE>


                                     Page 2
<PAGE>

AMRESCO Mortgage Loan Schedule
1997-2 PreFund 2 Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>
 Servicer       AMRESCO      Last                                                                    Zip      Property      Maturity
Loan Number   Loan Number    Name                Address                  City            State     Code       Type           Date
- -----------   -----------    ----                -------                  ----            -----     ----       ----           ----
<C>            <C>          <S>           <C>                            <C>               <C>      <C>         <C>         <C> 
  3335890      3335890AD    DRAKE         612 NORTH  400 EAST            SPRING CITY       UT       84662        SFR        1/1/27
  3335908      3335908AD    RACE          1917 MARK STREET N.E.          OLYMPIA           WA       98516        SFR        1/1/27
  3335916      3335916AD    WYMAN         219 NORTH ROCK ST.             CENTRALIA         WA       98531     2-4 UNITS     1/1/27
  3335924      3335924AD    MAMIAN        5125 HAROLD WAY #306           LOS ANGLES        CA       90027       CONDO       12/1/26
  3335957      3335957AD    STANLEY       2200 SOUTH BANNOCK STREET      DENVER            CO       80223        SFR        1/1/27
  3335981      3335981AD    MARIA         6415 WEST 100760 NORTH         HIGHLAND          UT       84003        SFR        1/1/27
  3335999      3335999AD    MONAHAN       20727 RISING HILL CIRCLE       GROVELAND         CA       95321        SFR        2/1/27
  3336005      3336005AD    WILLIAMS      6916 PARFET STREET             ARVADA            CO       80004        SFR        2/1/27
  3336013      3336013AD    BANKS         617 WEST FAIRVIEW BOULEVAR     INGLEWOOD         CA       90302        SFR        2/1/27
  3336021      3336021AD    PADILLA       449 CASTLE STREET              DALY CITY         CA       94014        SFR        2/1/27
  3336039      3336039AD    SEANOA        8172 SLATER AVE.               HUNTINGTON        CA       92647     2-4 UNITS     2/1/27
  3336047      3336047AD    PEREZ         595 TUTTLE AVENUE              WATSONVILLE       CA       95076        SFR        2/1/27
  3336054      3336054AD    HERNANDEZ     1896 LUXTON STREET             SEASIDE           CA       93955        SFR        2/1/27
  3336062      3336062AD    HASSY         6579 SAN IGNACIO AVENUE        SAN JOSE          CA       95119        SFR        2/1/27
  3336088      3336088AD    VALADEZ       1801 16TH AVENUE               SANTA CRUZ        CA       95062        SFR        2/1/27
  3336096      3336096AD    VIERRA        380 CARPENTERIA ROAD           AROMAS            CA       95004        SFR        2/1/27
  3336104      3336104AD    TORRES        691 EAST CENTER STREET         HEBER             UT       84032        SFR        2/1/27
  3336138      3336138AD    GRAHAM        1630 EAST PALM AVENUE NO.      EL SEGUNDO        CA       90245       CONDO       1/1/27
  3336146      3336146AD    BOOKER        1347 WANDA AVENUE              SEASIDE           CA       93955        SFR        2/1/27
  3336153      3336153AD    MAYER TURNER  1023 & 1025 S. MEADOWBROOK     LOS ANGELES       CA       90019     2-4 UNITS     1/1/27
  3336161      3336161AD    FULLMER       472 EAST 7670 SOUTH            MIDVALE           UT       84047     2-4 UNITS     2/1/27
  3336195      3336195AD    WALTERS       2411 WALLACE STREET            OAKLAND           CA       94606        SFR        3/1/27
  3336211      3336211AD    POWELL        311-315 WEST MYRRH STREET      COMPTON           CA       90220     2-4 UNITS     3/1/27
  3336237      3336237AD    PETERSON      9121 MAHALO DRIVE              HUNTINGTON        CA       92646        SFR        3/1/27
  3336245      3336245AD    BOLDON        3622 PACIFIC AVENUE            LONG BEACH        CA       90807     2-4 UNITS     2/1/27
  3336252      3336252AD    DESEMPLE      18535 DIERICKX COURT           GLADSTONE         OR       97027        SFR        3/1/27
  3336260      3336260AD    RAYMUNDO      19 QUINN AVENUE                WATSONVILLE       CA       95076        SFR        3/1/27
  3336278      3336278AD    RAGLAND       4501 BELL COURT                RICHMOND          CA       94804        SFR        3/1/27
  3336286      3336286AD    COX           16203 142ND AVENUE SOUTHEA     RENTON            WA       98058        SFR        3/1/27
  3336294      3336294AD    BACHER        6014 BLACKSMITH ROAD           BONITA            CA       91902        SFR        3/1/27
  3336302      3336302AD    AVERETT       2325 HOMESTEAD PLACE           RENO              NV       89509        SFR        3/1/27
  3336328      3336328AD    COLOMA        9851 MARQUAM                   MOLALLA           OR       97038        SFR        3/1/27
  3336351      3336351AD    PLAZA         9538-9538 1/2 ELIZABETH AV     SOUTH GATE        CA       90280     2-4 UNITS     3/1/27
  3336377      3336377AD    RAJAC         210 KIMBERLY LANE              WATSONVILLE       CA       95076        SFR        3/1/27
  3336385      3336385AD    ROSS          2121 S. ASH CIRCLE             MESA              AZ       85202        SFR        3/1/27
  3336393      3336393AD    SCHLOSSER     17402 1ST PLACEW S.W.          SEATTLE           WA       98166        SFR        3/1/27
  3336401      3336401AD    SINGER        800 TERMINO AVENUE #11         LONG BEACH        CA       90804       CONDO       3/1/27
  3336419      3336419AD    RANDA         4970 EAST PEAKVIEW AVE         LITTLETON         CO       80121        SFR        3/1/27
  3336427      3336427AD    JACKSON       1767 FLORES STREET             SEASIDE           CA       93955        SFR        3/1/27
  3336435      3336435AD    SLUSH         301 EAST PLYMOUTH AND 906      INGLEWOOD         CA       90302     2-4 UNITS     3/1/27
  3336443      3336443AD    CRUZ          3709 MICHIGAN AVENUE           LOS ANGELES       CA       92808        SFR        3/1/27
  3336450      3336450AD    JACKSON       5632 FALLGROVE STREET          LOS ANGELES       CA       90016        SFR        2/1/27
  3336476      3336476AD    LEONARD       915 VISTA COURT                MORGAN HILL       CA       95037        SFR        3/1/27
  3336492      3336492AD    HATHAWAY      604 AND 606 BIRCH STREET       WESTWOOD          CA       96137        SFR        3/1/27
  3336500      3336500AD    WOODS         1746 VENICE DRIVE              SOUTH LAKE        CA       96150        SFR        3/1/27
  3336526      3336526AD    JACKSON       916 WEST 57TH STREET           LOS ANGELES       CA       90037        SFR        2/1/27
  3336534      3336534AD    RICE          1905 WAREHAM LANE              NEWBERG           OR       97132        SFR        3/1/27
  3336559      3336559AD    ZUNIGA        7821 PEACHTREE AVENUE          NEWARK            CA       94560        SFR        3/1/27
  3336567      3336567AD    TERRELL       11212 SOUTHWEST BOULEVARD      LOS ANGELES       CA       90044        SFR        3/1/27
  3336575      3336575AD    WESLEY        3601 E. PASADENA AVENUE        PHOENIX           AZ       85018        SFR        4/1/27
  3336583      3336583AD    CHELCIU       466 NORTH I STREET             LIVERMORE         CA       94550        SFR        4/1/27
  3336591      3336591AD    BRADY         894 NORTH 400 WEST             AMERICAN FO       UT       84003        SFR        4/1/27
<CAPTION>
       
 Servicer       AMRESCO      Last                8/1/97          Current          Current                     Occupancy    Original
Loan Number   Loan Number    Name           Scheduled Balance     Rate           P&I Payment          LTV      Status        Term
- -----------   -----------    ----           -----------------     ----           -----------          ---      ------        ----
<C>            <C>          <S>             <C>                   <C>            <C>                <C>        <C>            <C>
  3335890      3335890AD    DRAKE           $     79,735.04         10.25        $    716.88           80       OWNER         360
  3335908      3335908AD    RACE            $     91,711.60         10.55        $    845.00        76.67       OWNER         360
  3335916      3335916AD    WYMAN           $     95,653.37         11.65        $    960.68        63.93       NON OWNER     360
  3335924      3335924AD    MAMIAN          $     58,308.12          10.5        $    535.12           65       NON OWNER     360
  3335957      3335957AD    STANLEY         $     92,436.25          8.99        $    746.03           80       OWNER         360
  3335981      3335981AD    MARIA           $    156,295.73         10.75        $  1,462.95        71.24       OWNER         360
  3335999      3335999AD    MONAHAN         $     61,418.32         10.05        $    542.87           80       OWNER         360
  3336005      3336005AD    WILLIAMS        $    161,917.13         10.05        $  1,431.19           80       OWNER         360
  3336013      3336013AD    BANKS           $    191,339.89          9.25        $  1,579.54           80       OWNER         360
  3336021      3336021AD    PADILLA         $    174,597.61          9.25        $  1,441.33           80       OWNER         360
  3336039      3336039AD    SEANOA          $    201,702.85          9.24        $  1,663.63        77.85       OWNER         360
  3336047      3336047AD    PEREZ           $    179,433.97          9.74        $  1,545.16           80       OWNER         360
  3336054      3336054AD    HERNANDEZ       $    135,591.24          9.99        $  1,192.50           80       OWNER         360
  3336062      3336062AD    HASSY           $    226,343.16          10.2        $  2,025.72         73.7       OWNER         360
  3336088      3336088AD    VALADEZ         $    189,322.17          9.75        $  1,635.84           80       OWNER         360
  3336096      3336096AD    VIERRA          $    167,916.31          9.49        $  1,415.45           78       OWNER         360
  3336104      3336104AD    TORRES          $     98,891.44           9.8        $    855.93           80       NON OWNER     360
  3336138      3336138AD    GRAHAM          $    171,325.89          8.99        $  1,382.71           80       OWNER         360
  3336146      3336146AD    BOOKER          $    139,548.40           9.6        $  1,187.43        77.78       OWNER         360
  3336153      3336153AD    MAYER TURNER    $    189,255.50          8.99        $  1,527.42        79.83       OWNER         360
  3336161      3336161AD    FULLMER         $    124,541.80           8.9        $    996.80        69.44       NON OWNER     360
  3336195      3336195AD    WALTERS         $    111,812.81         10.49        $  1,023.68           80       OWNER         360
  3336211      3336211AD    POWELL          $    104,624.81          7.75        $    752.24           70       OWNER         360
  3336237      3336237AD    PETERSON        $    177,539.54           8.5        $  1,368.67        63.57       OWNER         360
  3336245      3336245AD    BOLDON          $    227,499.85         10.99        $  2,169.57           80       OWNER         360
  3336252      3336252AD    DESEMPLE        $    115,724.97          9.75        $    996.62           80       OWNER         360
  3336260      3336260AD    RAYMUNDO        $    100,494.51           9.5        $    850.95           80       OWNER         360
  3336278      3336278AD    RAGLAND         $    119,668.62          8.25        $    901.52           80       OWNER         360
  3336286      3336286AD    COX             $    125,684.48          9.49        $  1,058.56        78.75       OWNER         360
  3336294      3336294AD    BACHER          $    169,690.92         10.99        $  1,617.67           80       OWNER         360
  3336302      3336302AD    AVERETT         $    193,062.11          8.99        $  1,556.36           80       OWNER         360
  3336328      3336328AD    COLOMA          $    215,545.86          9.25        $  1,776.98           80       OWNER         360
  3336351      3336351AD    PLAZA           $    115,988.53            10        $  1,020.18           75       OWNER         360
  3336377      3336377AD    RAJAC           $    133,576.11          8.75        $  1,053.40        71.99       OWNER         360
  3336385      3336385AD    ROSS            $    110,137.68          9.74        $    947.70           80       OWNER         360
  3336393      3336393AD    SCHLOSSER       $    221,150.92         10.49        $  2,025.41           80       OWNER         360
  3336401      3336401AD    SINGER          $     63,889.90         11.25        $    621.61           80       OWNER         360
  3336419      3336419AD    RANDA           $    118,931.31          9.99        $  1,045.19           80       OWNER         360
  3336427      3336427AD    JACKSON         $     94,237.03          9.99        $    828.61        71.59       OWNER         360
  3336435      3336435AD    SLUSH           $    175,962.29         11.49        $  1,744.04           75       OWNER         360
  3336443      3336443AD    CRUZ            $    103,739.60          9.49        $    873.73           80       OWNER         360
  3336450      3336450AD    JACKSON         $    155,554.31          9.75        $  1,340.28           80       NON OWNER     360
  3336476      3336476AD    LEONARD         $    203,461.87          9.24        $  1,676.78           80       OWNER         360
  3336492      3336492AD    HATHAWAY        $     62,755.15          8.99        $    505.90           70       OWNER         360
  3336500      3336500AD    WOODS           $    148,917.34          9.75        $  1,288.73        50.85       OWNER         360
  3336526      3336526AD    JACKSON         $    107,691.45          9.75        $    927.89           80       NON OWNER     360
  3336534      3336534AD    RICE            $    123,720.48          9.99        $  1,087.28           80       OWNER         360
  3336559      3336559AD    ZUNIGA          $    153,671.54         10.25        $  1,380.00           70       OWNER         360
  3336567      3336567AD    TERRELL         $    135,660.15           9.5        $  1,143.57           85       OWNER         360
  3336575      3336575AD    WESLEY          $    194,576.76          9.74        $  1,673.92         61.9       OWNER         360
  3336583      3336583AD    CHELCIU         $     97,820.46         10.75        $    914.81           70       OWNER         360
  3336591      3336591AD    BRADY           $    111,956.81          9.75        $    963.98         74.3       OWNER         360

<CAPTION>

 Servicer       AMRESCO      Last                                                            Due
Loan Number   Loan Number    Name              Servicer                 Originator           Date
- -----------   -----------    ----              --------                 ----------           ----
<C>            <C>          <S>                <C>                      <C>                  <C>    
  3335890      3335890AD    DRAKE              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335908      3335908AD    RACE               ADVANTA             FREMONT INV AND LOAN      8/1/97
  3335916      3335916AD    WYMAN              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335924      3335924AD    MAMIAN             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335957      3335957AD    STANLEY            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335981      3335981AD    MARIA              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3335999      3335999AD    MONAHAN            ADVANTA             FREMONT INV AND LOAN      8/1/97
  3336005      3336005AD    WILLIAMS           ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336013      3336013AD    BANKS              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336021      3336021AD    PADILLA            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336039      3336039AD    SEANOA             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336047      3336047AD    PEREZ              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336054      3336054AD    HERNANDEZ          ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336062      3336062AD    HASSY              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336088      3336088AD    VALADEZ            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336096      3336096AD    VIERRA             ADVANTA             FREMONT INV AND LOAN      8/1/97
  3336104      3336104AD    TORRES             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336138      3336138AD    GRAHAM             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336146      3336146AD    BOOKER             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336153      3336153AD    MAYER TURNER       ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336161      3336161AD    FULLMER            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336195      3336195AD    WALTERS            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336211      3336211AD    POWELL             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336237      3336237AD    PETERSON           ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336245      3336245AD    BOLDON             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336252      3336252AD    DESEMPLE           ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336260      3336260AD    RAYMUNDO           ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336278      3336278AD    RAGLAND            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336286      3336286AD    COX                ADVANTA             FREMONT INV AND LOAN      8/1/97
  3336294      3336294AD    BACHER             ADVANTA             FREMONT INV AND LOAN      8/1/97
  3336302      3336302AD    AVERETT            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336328      3336328AD    COLOMA             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336351      3336351AD    PLAZA              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336377      3336377AD    RAJAC              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336385      3336385AD    ROSS               ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336393      3336393AD    SCHLOSSER          ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336401      3336401AD    SINGER             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336419      3336419AD    RANDA              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336427      3336427AD    JACKSON            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336435      3336435AD    SLUSH              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336443      3336443AD    CRUZ               ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336450      3336450AD    JACKSON            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336476      3336476AD    LEONARD            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336492      3336492AD    HATHAWAY           ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336500      3336500AD    WOODS              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336526      3336526AD    JACKSON            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336534      3336534AD    RICE               ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336559      3336559AD    ZUNIGA             ADVANTA             FREMONT INV AND LOAN      8/1/97
  3336567      3336567AD    TERRELL            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336575      3336575AD    WESLEY             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336583      3336583AD    CHELCIU            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336591      3336591AD    BRADY              ADVANTA             FREMONT INV AND LOAN      7/1/97
</TABLE>


                                     Page 3
<PAGE>

AMRESCO Mortgage Loan Schedule
1997-2 PreFund 2 Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>
 Servicer       AMRESCO      Last                                                                    Zip      Property      Maturity
Loan Number   Loan Number    Name                Address                  City            State     Code       Type           Date
- -----------   -----------    ----                -------                  ----            -----     ----       ----           ----
<C>            <C>          <S>           <C>                            <C>               <C>      <C>         <C>         <C> 
  3336609      3336609AD    PIERSON       977 EAST 54TH STREET           LOS ANGELES       CA       90011        SFR        3/1/27
  3336625      3336625AD    NELSON        212 BITTERROOT ROAD #9         SUN VALLEY        ID       83353        SFR        4/1/27
  3336633      3336633AD    GRIFFITHS     451 SOUTH GOSHEN STREET        SALT LAKE C       UT       84104        SFR        4/1/27
  3336641      3336641AD    FALE          17017 SW CANAL CIRCLE          LAKE OSWEGO       OR       97035        SFR        3/1/27
  3336708      3336708AD    GEMELLO       361 CLOVE WAY                  OAKLEY            CA       94561        SFR        4/1/27
  3336724      3336724AD    TALBERT       433 WHITEFORD AVENUE           LA PUENTE A       CA       91744        SFR        4/1/27
  3336732      3336732AD    KOROMPIS      434 SOUTH CANON DRIVE 201      BEVERLY HIL       CA       90212       CONDO       3/1/27
  3336757      3336757AD    GREENFIELD    2514 BARRINGTON COURT N.E.     OLYMPIA           WA       98516        SFR        4/1/27
  3336765      3336765AD    LUND          8839 SOUTH GRAND OAK DRIVE     SANDY             UT       84121        SFR        3/1/27
  3336781      3336781AD    TAYLOR        62419 NEHALEM HIGHWAY N.       VERNONIA          OR       97064    MANUFACTURE    4/1/27
  3336807      3336807AD    DAVIS         4220 W. OLD HIGHWAY 91         INKOM             ID       83245        SFR        4/1/27
  3336815      3336815AD    GOINES        1930 DALTON WAY                UNION CITY        CA       94587        SFR        4/1/27
  3336823      3336823AD    DRONBERGER    5915 GLORIA DRIVE #2           SACRAMENTO        CA       95822       CONDO       4/1/27
  3336831      3336831AD    OUDANONH      1336 WEST AMERICAN AVENUE      SALT LAKE C       UT       84104        SFR        4/1/27
  3336849      3336849AD    WINSKI        3048 E. FRIESS DRIVE           PHOENIX           AZ       85032        SFR        4/1/27
  3336872      3336872AD    ODOM          310 SAN MADINA COURT           HANFORD           CA       93230        SFR        4/1/27
  3336880      3336880AD    HEEREMA       2911 CARREEN COURT             TRACY             CA       95376        SFR        3/1/27
  3336898      3336898AD    MEALY         8 DONATELLO                    LAGUNA HILL       CA       92656       CONDO       4/1/27
  3336906      3336906AD    CHAMBERLAIN   19 EUGENIA AVENUE              APTOS             CA       95003       OTHER       4/1/27
  3336914      3336914AD    FRAGNOLI      43 VIA BANDADA                 RANCHO SANT       CA       92688        SFR        3/1/27
  3336955      3336955AD    TUCKER        339 S. EDWARD AVENUE           MANTECA           CA       95336        SFR        4/1/27
  3336997      3336997AD    LAUER         116 SANTA RITA AVENUE          PALO ALTO         CA       94301        SFR        4/1/27
  3337011      3337011AD    LORDS         2546 FOWLER AVENUE             OGDEN             UT       84401        SFR        3/1/27
  3337029      3337029AD    BELLEW        357 WEST CENTER STREET         SPRINGVILLE       UT       84663        SFR        4/1/27
  3337037      3337037AD    CERVANTES     400 BERRY ROAD                 WATSONVILLE       CA       95076        SFR        4/1/27
  3337045      3337045AD    COWAN         4821 FOREST PARKWAY            SACRAMENTO        CA       95823        SFR        4/1/27
  3337052      3337052AD    ASUNCION      1035 MARYANN DRIVE             SANTA CLARA       CA       95050        SFR        4/1/27
  3337060      3337060AD    MARUM         13204 412TH WAY SOUTHEAST      NORTH BEND        WA       98045        SFR        4/1/27
  3337128      3337128AD    VASQUEZ       549 S 5TH AVENUE               CORNELIUS         OR       97113        SFR        4/1/27
  3337136      3337136AD    GAMBOA        2906 SOUTH HOBART BOULEVAR     LOS ANGELES       CA       90018        SFR        4/1/27
  3337169      3337169AD    SELDON        13900 STUDEBAKER ROAD #19      NORWALK           CA       90650       CONDO       4/1/27
  3337177      3337177AD    MORISCH       13614 215TH AVENUE EAST        SUMNER            WA       98390    MANUFACTURE    4/1/27
  3337185      3337185AD    GARDNER       627 SHAWNEE LANE               SAN JOSE          CA       95123        SFR        4/1/27
  3337193      3337193AD    ACOJEDO       1930 OROLETTE PLACE            SAN JOSE          CA       95131        SFR        4/1/27
  3337227      3337227AD    PEERY         1978 BONNIE BRAE STREET        RIVERSIDE         CA       92506        SFR        4/1/27
  3337243      3337243AD    MCQUEEN       6920 FRANELA WAY               CITRUS HEIG       CA       95621        SFR        4/1/27
  3337250      3337250AD    PARAS         26575 PARKSIDE DRIVE           HAYWARD           CA       94542        SFR        4/1/27
  3337268      3337268AD    GREEN         5695 NE KILLINGSWORTH STRE     PORTLAND          OR       97218        SFR        4/1/27
  3385051      3385051AD    JONES         6019 GLENHURST DR.             HOUSTON           TX       77033        SFR        5/1/27
  3385069      3385069AD    HATHAWAY      71 LONG POND RD                LEMPSTER          NH       3605         SFR        5/1/27
  3385077      3385077AD    WOOD          768 E. 213TH ST.               BRONX             NY       10467        SFR        4/1/27
  3385085      3385085AD    ANDERSON      1410 MARLOWE                   CANTON            MI       48187        SFR        5/1/27
  3385101      3385101AD    SCHWARTZ      20-20A SALMON FALLS RD         ROCHESTER         NH       3867         SFR        5/1/27
  3385119      3385119AD    ESPINA        20 SOUTH MAIN ST               LACONIA           NH       3246         SFR        5/1/27
  3385168      3385168AD    AMERO         91 CLARK RD                    TILTON            NH       3276         SFR        5/1/27
  3385291      3385291AD    OHARA         8902 WEST HATCHER ROAD         PEORIA            AZ       85345        SFR        5/1/27
  3408531      3408531AD    KELLEY        2805 WILLING AVENUE            FORT WORTH        TX       76110        SFR        7/1/27
  3408580      3408580AD    SANDERS       724 SCIENCE HILL DRIVE         BELLEFONTAI       MO       63137        SFR        6/1/27
  3408630      3408630AD    SHORT         10216 NIBLIC                   OVERLAND          MO       63114        SFR        6/1/27
  3408671      3408671AD    BERKLEY       3226 ERIE STREET               SAN DIEGO         CA       92117        SFR        6/1/27
  3408689      3408689AD    LUCAS         2222 HIGHWAY 50-NORTH          BENSON            NC       27054        SFR        6/1/27
  3408713      3408713AD    CARTER        2336 GLEN ELLEN CIRCLE         SACRAMENTO        CA       95822        SFR        6/1/27
<CAPTION>
       
 Servicer       AMRESCO      Last                8/1/97          Current          Current                     Occupancy    Original
Loan Number   Loan Number    Name           Scheduled Balance     Rate           P&I Payment          LTV      Status        Term
- -----------   -----------    ----           -----------------     ----           -----------          ---      ------        ----
<C>            <C>          <S>             <C>                   <C>            <C>                <C>        <C>            <C>
  3336609      3336609AD    PIERSON         $     59,912.41            12        $    617.17        49.18       NON OWNER     360
  3336625      3336625AD    NELSON          $    299,471.89            11        $  2,856.97        76.92       OWNER         360
  3336633      3336633AD    GRIFFITHS       $     62,257.53           9.5        $    524.70         67.1       OWNER         360
  3336641      3336641AD    FALE            $    201,438.76          8.99        $  1,623.89        77.69       OWNER         360
  3336708      3336708AD    GEMELLO         $    168,460.97          8.99        $  1,357.62           85       OWNER         360
  3336724      3336724AD    TALBERT         $     84,896.36         10.75        $    793.46        64.39       OWNER         360
  3336732      3336732AD    KOROMPIS        $     69,795.58          8.75        $    550.70        29.17       OWNER         360
  3336757      3336757AD    GREENFIELD      $     99,791.98          9.99        $    876.83           80       OWNER         360
  3336765      3336765AD    LUND            $    287,345.36          9.95        $  2,516.77           80       OWNER         360
  3336781      3336781AD    TAYLOR          $    140,706.65          9.99        $  1,236.34        76.22       OWNER         360
  3336807      3336807AD    DAVIS           $     37,913.54           9.5        $    319.53        49.03       OWNER         360
  3336815      3336815AD    GOINES          $    169,646.30          9.99        $  1,490.62        75.56       OWNER         360
  3336823      3336823AD    DRONBERGER      $     71,216.18          8.75        $    561.71         71.4       NON OWNER     360
  3336831      3336831AD    OUDANONH        $     93,278.17            10        $    820.53        79.91       OWNER         360
  3336849      3336849AD    WINSKI          $    125,039.34          9.99        $  1,098.68           70       OWNER         360
  3336872      3336872AD    ODOM            $     49,891.42          9.74        $    429.22        79.37       OWNER         360
  3336880      3336880AD    HEEREMA         $    143,636.39          9.45        $  1,205.58        79.12       OWNER         360
  3336898      3336898AD    MEALY           $    139,503.95          7.99        $  1,025.71           80       OWNER         360
  3336906      3336906AD    CHAMBERLAIN     $     74,245.17          9.99        $    652.37           80       OWNER         360
  3336914      3336914AD    FRAGNOLI        $    199,233.82          8.49        $  1,535.64        79.97       OWNER         360
  3336955      3336955AD    TUCKER          $     39,877.18          7.75        $    286.57        45.98       OWNER         360
  3336997      3336997AD    LAUER           $    234,419.66          8.99        $  1,889.18        65.28       OWNER         360
  3337011      3337011AD    LORDS           $     74,550.66         10.82        $    701.90           85       OWNER         360
  3337029      3337029AD    BELLEW          $     97,546.62          9.99        $    857.11           85       OWNER         360
  3337037      3337037AD    CERVANTES       $    146,082.26          9.74        $  1,256.73           80       OWNER         360
  3337045      3337045AD    COWAN           $    114,970.63         10.25        $  1,032.31           80       OWNER         360
  3337052      3337052AD    ASUNCION        $    203,593.82         10.25        $  1,828.05           80       OWNER         360
  3337060      3337060AD    MARUM           $    176,477.89          9.15        $  1,443.33           59       OWNER         360
  3337128      3337128AD    VASQUEZ         $     69,866.28          10.5        $    640.32         61.4       OWNER         360
  3337136      3337136AD    GAMBOA          $    138,081.50          8.99        $  1,115.42           75       OWNER         360
  3337169      3337169AD    SELDON          $    105,315.40          8.49        $    811.23           80       OWNER         360
  3337177      3337177AD    MORISCH         $     70,265.08         10.49        $    643.46           80       OWNER         360
  3337185      3337185AD    GARDNER         $    164,142.96          9.74        $  1,412.11           70       OWNER         360
  3337193      3337193AD    ACOJEDO         $    299,375.97          9.99        $  2,630.50        82.19       OWNER         360
  3337227      3337227AD    PEERY           $    181,111.43           8.5        $  1,396.35           80       OWNER         360
  3337243      3337243AD    MCQUEEN         $     52,364.80          8.75        $    413.02        55.85       OWNER         360
  3337250      3337250AD    PARAS           $    288,346.52           9.5        $  2,430.07           85       OWNER         360
  3337268      3337268AD    GREEN           $    101,737.32          8.75        $    802.44           85       OWNER         360
  3385051      3385051AD    JONES           $     19,787.04         13.25        $    222.90           60       NON OWNER     360
  3385069      3385069AD    HATHAWAY        $     70,458.08        10.125        $    625.65           85       OWNER         360
  3385077      3385077AD    WOOD            $     44,957.49         12.99        $    497.44        44.91       OWNER         360
  3385085      3385085AD    ANDERSON        $     99,086.96         10.75        $    926.01        79.36       OWNER         360
  3385101      3385101AD    SCHWARTZ        $     39,933.83          8.99        $    321.56        63.49       OWNER         360
  3385119      3385119AD    ESPINA          $     40,749.59        10.375        $    369.41           85       OWNER         360
  3385168      3385168AD    AMERO           $     99,816.61          8.49        $    768.20        74.63       OWNER         360
  3385291      3385291AD    OHARA           $     89,001.16        10.875        $    840.12           89       OWNER         360
  3408531      3408531AD    KELLEY          $     53,078.44          10.4        $    481.76           60       NON OWNER     360
  3408580      3408580AD    SANDERS         $     53,170.08          12.1        $    551.32           80       OWNER         360
  3408630      3408630AD    SHORT           $     44,979.54         13.05        $    499.55           75       OWNER         360
  3408671      3408671AD    BERKLEY         $    271,757.84          9.99        $  2,384.98           80       OWNER         360
  3408689      3408689AD    LUCAS           $    382,485.35          9.06        $  3,097.44           70       OWNER         360
  3408713      3408713AD    CARTER          $    103,901.11          9.68        $    888.18           65       OWNER         360
<CAPTION>

 Servicer       AMRESCO      Last                                                            Due
Loan Number   Loan Number    Name              Servicer                 Originator           Date
- -----------   -----------    ----              --------                 ----------           ----
<C>            <C>          <S>                <C>                      <C>                  <C>    
  3336609      3336609AD    PIERSON            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336625      3336625AD    NELSON             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336633      3336633AD    GRIFFITHS          ADVANTA             FREMONT INV AND LOAN      8/1/97
  3336641      3336641AD    FALE               ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336708      3336708AD    GEMELLO            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336724      3336724AD    TALBERT            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336732      3336732AD    KOROMPIS           ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336757      3336757AD    GREENFIELD         ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336765      3336765AD    LUND               ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336781      3336781AD    TAYLOR             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336807      3336807AD    DAVIS              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336815      3336815AD    GOINES             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336823      3336823AD    DRONBERGER         ADVANTA             FREMONT INV AND LOAN      8/1/97
  3336831      3336831AD    OUDANONH           ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336849      3336849AD    WINSKI             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336872      3336872AD    ODOM               ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336880      3336880AD    HEEREMA            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336898      3336898AD    MEALY              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336906      3336906AD    CHAMBERLAIN        ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336914      3336914AD    FRAGNOLI           ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336955      3336955AD    TUCKER             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3336997      3336997AD    LAUER              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3337011      3337011AD    LORDS              ADVANTA             FREMONT INV AND LOAN      8/1/97
  3337029      3337029AD    BELLEW             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3337037      3337037AD    CERVANTES          ADVANTA             FREMONT INV AND LOAN      7/1/97
  3337045      3337045AD    COWAN              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3337052      3337052AD    ASUNCION           ADVANTA             FREMONT INV AND LOAN      7/1/97
  3337060      3337060AD    MARUM              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3337128      3337128AD    VASQUEZ            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3337136      3337136AD    GAMBOA             ADVANTA             FREMONT INV AND LOAN      8/1/97
  3337169      3337169AD    SELDON             ADVANTA             FREMONT INV AND LOAN      7/1/97
  3337177      3337177AD    MORISCH            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3337185      3337185AD    GARDNER            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3337193      3337193AD    ACOJEDO            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3337227      3337227AD    PEERY              ADVANTA             FREMONT INV AND LOAN      8/1/97
  3337243      3337243AD    MCQUEEN            ADVANTA             FREMONT INV AND LOAN      7/1/97
  3337250      3337250AD    PARAS              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3337268      3337268AD    GREEN              ADVANTA             FREMONT INV AND LOAN      7/1/97
  3385051      3385051AD    JONES              ADVANTA                 FIRST COLONY          7/1/97
  3385069      3385069AD    HATHAWAY           ADVANTA                 FIRST COLONY          7/1/97
  3385077      3385077AD    WOOD               ADVANTA                 FIRST COLONY          7/1/97
  3385085      3385085AD    ANDERSON           ADVANTA                 FIRST COLONY          8/1/97
  3385101      3385101AD    SCHWARTZ           ADVANTA                 FIRST COLONY          8/1/97
  3385119      3385119AD    ESPINA             ADVANTA                 FIRST COLONY          8/1/97
  3385168      3385168AD    AMERO              ADVANTA                 FIRST COLONY          7/1/97
  3385291      3385291AD    OHARA              ADVANTA                 FIRST COLONY          7/1/97
  3408531      3408531AD    KELLEY             ADVANTA                    AMRESCO            8/1/97
  3408580      3408580AD    SANDERS            ADVANTA                    AMRESCO            7/1/97
  3408630      3408630AD    SHORT              ADVANTA                    AMRESCO            7/1/97
  3408671      3408671AD    BERKLEY            ADVANTA                    AMRESCO            8/1/97
  3408689      3408689AD    LUCAS              ADVANTA                    AMRESCO            7/1/97
  3408713      3408713AD    CARTER             ADVANTA                    AMRESCO            8/1/97
</TABLE>


                                     Page 4
<PAGE>

AMRESCO Mortgage Loan Schedule
1997-2 PreFund 2 Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>
 Servicer       AMRESCO      Last                                                                    Zip      Property      Maturity
Loan Number   Loan Number    Name                Address                  City            State     Code       Type           Date
- -----------   -----------    ----                -------                  ----            -----     ----       ----           ----
<C>            <C>          <S>           <C>                            <C>               <C>      <C>         <C>         <C> 
  3408770      3408770AD    VEAL          4101 TRINITY STREET            LOS ANGELES       CA       90011     2-4 UNITS     6/1/27
  3408846      3408846AD    SAAD          2118-2120 NORTH 48TH STREE     MILWAUKEE         WI       53208     2-4 UNITS     6/1/27
  3408895      3408895AD    ARDREY        4215 SOUTHEAST RURAL           PORTLAND          OR       97206        SFR        6/1/27
  3408929      3408929AD    ADAMS         7104 GEORGIA AVENUE            KANSAS CITY       KS       66109        SFR        7/1/27
  3408960      3408960AD    PRIETO        6707 15TH AVENUE               KENOSHA           WI       53143        SFR        7/1/27
  3408994      3408994AD    ALICEA        5953 BINGHAM STREET            PHILADELPHI       PA       19120        SFR        6/1/27
  3409026      3409026AD    MCMICHAEL     7445 WEST 93RD STREET          ZIONSVILLE        IN       46077        SFR        7/1/12
  3409042      3409042AD    ROY           9730 S.W. 165TH TERRACE        MIAMI             FL       33157        SFR        7/1/27
  3409067      3409067AD    JOHNSTON      187 PICKPOCKET ROAD            BRENTWOOD         NH       3833         SFR        7/1/27
  3409109      3409109AD    TESORIERO     13230 EAST JEWEL AVENUE BL     AURORA            CO       80014       CONDO       6/1/27
  3409133      3409133AD    BENTLEY       103 NOGAL PLACE                RUIDOSO           NM       88345        SFR        7/1/27
  3409141      3409141AD    MARTINEZ      2104 WEST 13TH STREET          PUEBLO            CO       81003        SFR        7/1/27
  3409166      3409166AD    BYRD          3833 SOUTH CHICAGO AVENUE      MINNEAPOLIS       MN       55407        SFR        6/1/27
  3409190      3409190AD    MURPHY        18 BRADLEY ROAD                ARLINGTON         MA       2174         SFR        7/1/27
  3409224      3409224AD    CLARK         1920 SOUTH 4TH STREET          ROCKFORD          IL       61104        SFR        6/1/27
  3409257      3409257AD    TONEY         1212 EAST 10TH STREET          LAMAR             MO       64759        SFR        7/1/27
  3409315      3409315AD    DAVIES        5128 NORTH 51ST BOULEVARD      MILWAUKEE         WI       53218        SFR        7/1/27
  3409323      3409323AD    PICKETT       4485 CORDON ROAD NORTHEAST     SALEM             OR       97305        SFR        7/1/27
  3409364      3409364AD    HACKLER       11720 SOUTHWEST 176TH STRE     MIAMI             FL       33177        SFR        7/1/27
  3409430      3409430AD    GOLDEN        17 TIBURON DRIVE               LITHONIA          GA       30038        SFR        7/1/27
  3409455      3409455AD    BOYD          9034-19 WEST LIBSON AVENUE     MILWAUKEE         WI       53222       CONDO       7/1/27
  3412053      3412053AD    RODRIGUEZ     8359 SAN FERNANDO WAY          DALLAS            TX       75218        SFR        7/1/27
  3412061      3412061AD    WARREN        5772 WILSON CHAPEL RD.         YORK              SC       29717        SFR        6/1/27
  3412129      3412129AD    BRAR          15555 NORDHOFF STREET          NORTH HILLS       CA       91343        SFR        7/1/27
  3412145      3412145AD    LONGSWORTH    421 SOUTH SHANNON              VAN WERT          OH       45891        SFR        7/1/27
  3412152      3412152AD    MOREIRA       12483 WALSH AVENUE             LOS ANGELES       CA       90066        SFR        7/1/27
  3412160      3412160AD    HONBARGER     59 MEADOW AVENUE NORTHEAST     CONCORD           NC       28025        SFR        7/1/27
  3412202      3412202AD    CONIGLIARO    14 LAFAYETTE TERRACE           NAHANT            MA       1908         SFR        7/1/27
  3412236      3412236AD    ALLISON       31 SYDNEY STREET               DORCHESTER        MA       2125         SFR        7/1/27
  3412277      3412277AD    VAMPLE        1811 FOXWOOD CIRCLE            MITCHELLVIL       MD       20721        SFR        7/1/27
  3412327      3412327AD    MCCOY         3360 NORTHWEST 208TH STREE     CAROL CITY        FL       33056        SFR        7/1/27
  3412335      3412335AD    AMADOR        12501 PINE NEEDLE LANE         MIAMI             FL       33156        SFR        7/1/27
  3412418      3412418AD    JOSEPH        4055 40TH WAY SOUTH            SAINT PETER       FL       33711        SFR        7/1/27
  3412434      3412434AD    CHILDERS      15215 SHARPE ROAD              CHARLOTTE         NC       28227        SFR        7/1/27
  3412459      3412459AD    FELKS         25198 WEST LAKE SHORE DRIV     INGLESIDE         IL       60041        SFR        7/1/27
  3412483      3412483AD    PERRELLA      600 N.E. 36TH STREET           MIAMI             FL       33137       CONDO       7/1/27
  3412517      3412517AD    BURKE         20 MICHAEL ROAD                WAYLAND           MA       1778         SFR        7/1/27
  3416252      3416252AD    ROBERT        8750 380TH STREET              NORTH BRANC       MN       55056        SFR        6/1/27
  3416278      3416278AD    WEBSTER       1708 LOWER MILLSTONE LANE      SALISBURY         MD       21801        SFR        5/1/27
  3416294      3416294AD    VILLAREAL     2009 EAST MOMOSA AVENUE        VICTORIA          TX       77901        SFR        7/1/12
  3416302      3416302AD    JOHNSON       13604 PURCHE AVENUE            GARDENA           CA       90249        SFR        6/1/27
  3416336      3416336AD    MARTINEZ      1965 MIDDLEBERRY ROAD          SACRAMENTO        CA       95815        SFR        7/1/27
  3416393      3416393AD    HAUSAUER      6523 WEST 96TH AVENUE          BROOMFIELD        CO       80021        SFR        7/1/27
  3416401      3416401AD    PARKER        #9 SUZANNE COURT               LOS LUNAS         NM       87031        SFR        7/1/27
  3416435      3416435AD    MCELRATH      13313 OCTAGON LANE             SILVER SPRI       MD       20904        SFR        7/1/27
  3416443      3416443AD    RINEHART      3835 SOUTHEAST PELTON AVEN     TROUTDALE         OR       97060        SFR        7/1/27
  3416476      3416476AD    CURRY         135 THE BOULEVARD              EDEN              NC       27288        SFR        7/1/27
  3416484      3416484AD    WASHINGTON    7740 SOUTH DREXEL              CHICAGO           IL       60619        SFR        7/1/27
  3416567      3416567AD    KATTAWAR      20 ABIDE DRIVE                 GREENVILLE        MS       38701        SFR        7/1/27
  3416591      3416591AD    COOPER        1102 WOODGLEN COURT            ROSEVILLE         CA       95661        SFR        7/1/27
  3416617      3416617AD    CHILCOTE      5558 BELLEVUE AVENUE           LA JOLLA          CA       92037        SFR        7/1/27
  3416633      3416633AD    KOOLEN        123 CALEF AVENUE               SWANSEA           MA       2777      2-4 UNITS     7/1/27

<CAPTION>
       
 Servicer       AMRESCO      Last                8/1/97          Current          Current                     Occupancy    Original
Loan Number   Loan Number    Name           Scheduled Balance     Rate           P&I Payment          LTV      Status        Term
- -----------   -----------    ----           -----------------     ----           -----------          ---      ------        ----
<C>            <C>          <S>             <C>                   <C>            <C>                <C>        <C>            <C>
  3408770      3408770AD    VEAL            $    114,898.48         10.03        $  1,011.76        53.49       NON OWNER     360
  3408846      3408846AD    SAAD            $     38,227.67         11.93        $    391.38           75       OWNER         360
  3408895      3408895AD    ARDREY          $     74,925.77          9.49        $    630.09           75       OWNER         360
  3408929      3408929AD    ADAMS           $     39,989.37         12.33        $    421.63         45.2       OWNER         360
  3408960      3408960AD    PRIETO          $     59,977.31         10.73        $    559.19           80       OWNER         360
  3408994      3408994AD    ALICEA          $     27,979.63         10.93        $    265.17        57.14       OWNER         360
  3409026      3409026AD    MCMICHAEL       $     29,927.95         10.05        $    323.30        28.57       OWNER         180
  3409042      3409042AD    ROY             $     70,451.24          7.85        $    509.95        84.94       OWNER         360
  3409067      3409067AD    JOHNSTON        $    109,945.78          9.49        $    924.14        74.83       OWNER         360
  3409109      3409109AD    TESORIERO       $     44,874.70           8.9        $    358.25           75       OWNER         360
  3409133      3409133AD    BENTLEY         $    105,367.62         11.68        $  1,058.27           68       OWNER         360
  3409141      3409141AD    MARTINEZ        $     37,486.77         11.05        $    358.54           75       OWNER         360
  3409166      3409166AD    BYRD            $     24,479.37         10.25        $    219.54           70       OWNER         360
  3409190      3409190AD    MURPHY          $    159,925.98          9.79        $  1,379.35        48.63       OWNER         360
  3409224      3409224AD    CLARK           $     35,966.84          9.83        $    311.41        74.23       OWNER         360
  3409257      3409257AD    TONEY           $     45,385.81          11.6        $    453.06        79.93       OWNER         360
  3409315      3409315AD    DAVIES          $     44,185.97         11.53        $    438.72           85       OWNER         360
  3409323      3409323AD    PICKETT         $    183,252.14          10.5        $  1,676.95        73.33       OWNER         360
  3409364      3409364AD    HACKLER         $     58,073.18           9.8        $    501.30           70       OWNER         360
  3409430      3409430AD    GOLDEN          $     45,983.06         10.85        $    432.86           80       OWNER         360
  3409455      3409455AD    BOYD            $     31,985.72          9.96        $    279.88        42.67       NON OWNER     360
  3412053      3412053AD    RODRIGUEZ       $    226,394.78          9.77        $  1,949.31           75       OWNER         360
  3412061      3412061AD    WARREN          $     76,016.21         10.65        $    704.43           85       OWNER         360
  3412129      3412129AD    BRAR            $     34,482.12          9.25        $    283.82           75       OWNER         360
  3412145      3412145AD    LONGSWORTH      $     19,191.23          9.85        $    166.37           80       OWNER         360
  3412152      3412152AD    MOREIRA         $    211,891.24           9.3        $  1,751.76        77.09       OWNER         360
  3412160      3412160AD    HONBARGER       $     42,983.39         10.63        $    397.52        62.32       OWNER         360
  3412202      3412202AD    CONIGLIARO      $    169,885.93             8        $  1,247.40        51.52       OWNER         360
  3412236      3412236AD    ALLISON         $    123,631.38         11.05        $  1,182.46           75       OWNER         360
  3412277      3412277AD    VAMPLE          $    124,947.91         10.28        $  1,122.92        51.02       OWNER         360
  3412327      3412327AD    MCCOY           $     28,793.19         12.85        $    315.21           60       OWNER         360
  3412335      3412335AD    AMADOR          $    349,853.23         10.25        $  3,136.35        38.04       OWNER         360
  3412418      3412418AD    JOSEPH          $    115,950.09         10.13        $  1,029.14           80       OWNER         360
  3412434      3412434AD    CHILDERS        $     76,477.77         11.93        $    782.77           75       OWNER         360
  3412459      3412459AD    FELKS           $    163,142.19         11.03        $  1,557.89           85       OWNER         360
  3412483      3412483AD    PERRELLA        $     59,978.14          10.9        $    566.86           75       OWNER         360
  3412517      3412517AD    BURKE           $    239,911.58         10.85        $  2,258.42           80       OWNER         360
  3416252      3416252AD    ROBERT          $     65,396.04         10.35        $    591.37           85       OWNER         360
  3416278      3416278AD    WEBSTER         $     92,955.90         15.25        $  1,194.55        63.27       OWNER         360
  3416294      3416294AD    VILLAREAL       $     27,926.87          9.13        $    286.16        60.87       NON OWNER     180
  3416302      3416302AD    JOHNSON         $    101,897.12           9.4        $    850.24           60       OWNER         360
  3416336      3416336AD    MARTINEZ        $     69,573.68         10.73        $    648.66           80       OWNER         360
  3416393      3416393AD    HAUSAUER        $     98,369.44         11.63        $    984.22           80       OWNER         360
  3416401      3416401AD    PARKER          $     81,874.84         11.68        $    822.32           70       OWNER         360
  3416435      3416435AD    MCELRATH        $     89,978.13         12.73        $    976.62           60       OWNER         360
  3416443      3416443AD    RINEHART        $     86,944.75          8.27        $    654.83           60       OWNER         360
  3416476      3416476AD    CURRY           $     38,093.42         14.23        $    458.38           60       OWNER         360
  3416484      3416484AD    WASHINGTON      $     62,386.46         13.23        $    701.50           60       OWNER         360
  3416567      3416567AD    KATTAWAR        $     69,972.18          10.5        $    640.32        68.97       OWNER         360
  3416591      3416591AD    COOPER          $    180,133.62         10.85        $  1,695.69        82.28       OWNER         360
  3416617      3416617AD    CHILCOTE        $    259,875.58          9.63        $  2,210.92           80       OWNER         360
  3416633      3416633AD    KOOLEN          $     74,377.99         11.85        $    756.71           60       OWNER         360

<CAPTION>

 Servicer       AMRESCO      Last                                                            Due
Loan Number   Loan Number    Name              Servicer                 Originator           Date
- -----------   -----------    ----              --------                 ----------           ----
<C>            <C>          <S>                <C>                      <C>                  <C>    
  3408770      3408770AD    VEAL               ADVANTA                    AMRESCO            8/1/97
  3408846      3408846AD    SAAD               ADVANTA                    AMRESCO            7/1/97
  3408895      3408895AD    ARDREY             ADVANTA                    AMRESCO            8/1/97
  3408929      3408929AD    ADAMS              ADVANTA                    AMRESCO            8/1/97
  3408960      3408960AD    PRIETO             ADVANTA                    AMRESCO            8/1/97
  3408994      3408994AD    ALICEA             ADVANTA                    AMRESCO            7/1/97
  3409026      3409026AD    MCMICHAEL          ADVANTA                    AMRESCO            8/1/97
  3409042      3409042AD    ROY                ADVANTA                    AMRESCO            8/1/97
  3409067      3409067AD    JOHNSTON           ADVANTA                    AMRESCO            8/1/97
  3409109      3409109AD    TESORIERO          ADVANTA                    AMRESCO            7/1/97
  3409133      3409133AD    BENTLEY            ADVANTA                    AMRESCO            8/1/97
  3409141      3409141AD    MARTINEZ           ADVANTA                    AMRESCO            8/1/97
  3409166      3409166AD    BYRD               ADVANTA                    AMRESCO            7/1/97
  3409190      3409190AD    MURPHY             ADVANTA                    AMRESCO            8/1/97
  3409224      3409224AD    CLARK              ADVANTA                    AMRESCO            7/1/97
  3409257      3409257AD    TONEY              ADVANTA                    AMRESCO            8/1/97
  3409315      3409315AD    DAVIES             ADVANTA                    AMRESCO            8/1/97
  3409323      3409323AD    PICKETT            ADVANTA                    AMRESCO            8/1/97
  3409364      3409364AD    HACKLER            ADVANTA                    AMRESCO            8/1/97
  3409430      3409430AD    GOLDEN             ADVANTA                    AMRESCO            8/1/97
  3409455      3409455AD    BOYD               ADVANTA                    AMRESCO            8/1/97
  3412053      3412053AD    RODRIGUEZ          ADVANTA                    AMRESCO            8/1/97
  3412061      3412061AD    WARREN             ADVANTA                    AMRESCO            7/1/97
  3412129      3412129AD    BRAR               ADVANTA                    AMRESCO            8/1/97
  3412145      3412145AD    LONGSWORTH         ADVANTA                    AMRESCO            8/1/97
  3412152      3412152AD    MOREIRA            ADVANTA                    AMRESCO            8/1/97
  3412160      3412160AD    HONBARGER          ADVANTA                    AMRESCO            8/1/97
  3412202      3412202AD    CONIGLIARO         ADVANTA                    AMRESCO            8/1/97
  3412236      3412236AD    ALLISON            ADVANTA                    AMRESCO            8/1/97
  3412277      3412277AD    VAMPLE             ADVANTA                    AMRESCO            8/1/97
  3412327      3412327AD    MCCOY              ADVANTA                    AMRESCO            8/1/97
  3412335      3412335AD    AMADOR             ADVANTA                    AMRESCO            8/1/97
  3412418      3412418AD    JOSEPH             ADVANTA                    AMRESCO            8/1/97
  3412434      3412434AD    CHILDERS           ADVANTA                    AMRESCO            8/1/97
  3412459      3412459AD    FELKS              ADVANTA                    AMRESCO            8/1/97
  3412483      3412483AD    PERRELLA           ADVANTA                    AMRESCO            8/1/97
  3412517      3412517AD    BURKE              ADVANTA                    AMRESCO            8/1/97
  3416252      3416252AD    ROBERT             ADVANTA            MINNESOTA FNDG AND MTG     7/1/97
  3416278      3416278AD    WEBSTER            ADVANTA                    ADMIRAL            7/1/97
  3416294      3416294AD    VILLAREAL          ADVANTA                    AMRESCO            8/1/97
  3416302      3416302AD    JOHNSON            ADVANTA                    AMRESCO            8/1/97
  3416336      3416336AD    MARTINEZ           ADVANTA                    AMRESCO            8/1/97
  3416393      3416393AD    HAUSAUER           ADVANTA                    AMRESCO            8/1/97
  3416401      3416401AD    PARKER             ADVANTA                    AMRESCO            8/1/97
  3416435      3416435AD    MCELRATH           ADVANTA                    AMRESCO            8/1/97
  3416443      3416443AD    RINEHART           ADVANTA                    AMRESCO            8/1/97
  3416476      3416476AD    CURRY              ADVANTA                    AMRESCO            8/1/97
  3416484      3416484AD    WASHINGTON         ADVANTA                    AMRESCO            8/1/97
  3416567      3416567AD    KATTAWAR           ADVANTA                    AMRESCO            8/1/97
  3416591      3416591AD    COOPER             ADVANTA                    AMRESCO            8/1/97
  3416617      3416617AD    CHILCOTE           ADVANTA                    AMRESCO            8/1/97
  3416633      3416633AD    KOOLEN             ADVANTA                    AMRESCO            8/1/97
</TABLE>


                                     Page 5
<PAGE>

AMRESCO Mortgage Loan Schedule
1997-2 PreFund 2 Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>
 Servicer       AMRESCO      Last                                                                    Zip      Property      Maturity
Loan Number   Loan Number    Name                Address                  City            State     Code       Type           Date
- -----------   -----------    ----                -------                  ----            -----     ----       ----           ----
<C>            <C>          <S>           <C>                            <C>               <C>      <C>         <C>         <C> 
  3416690      3416690AD    MUELLER       7509 ROBINSON STREET           OVERLAND PA       KS       66204        SFR        7/1/27
  3416724      3416724AD    BAUTISTA      9904 FREESIA AVENUE            STOCKTON          CA       95210        SFR        7/1/27
  3416740      3416740AD    JOHNSON       19608 FAIRWAY AVENUE           MAPLE HEIGH       OH       44137        SFR        7/1/27
  3416765      3416765AD    CURTIS        13604 ASPEN AVENUE             RIVERVIEW         FL       33569        SFR        7/1/27
  3416799      3416799AD    MYERS         21341 ANTIGUA LANE             HUNTINGTON        CA       92646        SFR        7/1/27
  3416856      3416856AD    CURTIS        1302 WALSHAM DRIVE             UPPER MARLB       MD       20772        SFR        7/1/27
  3416880      3416880AD    MONTAYA       1517- 19-19A WEST WALKER S     MILWAUKEE         WI       53204     2-4 UNITS     7/1/27
  3416898      3416898AD    DECHICCHIS    107 WELTY STREET               GREENSBURG        PA       15601        SFR        7/1/27
  3416906      3416906AD    STEINKEMP     65 EDGEHILL ROAD               WARWICK           RI       2889         SFR        7/1/27
  3416930      3416930AD    LUM           1099 22ND STREET NORTHWEST     WASHINGTON        DC       20037       CONDO       7/1/27
  3416955      3416955AD    BRINSON       11280 SOUTHWEST 128TH STRE     MIAMI             FL       33176        SFR        7/1/27
  3417037      3417037AD    SANDOVAL      5020 EAST 120TH PLACE          DENVER            CO       80241        SFR        7/1/27
  3417052      3417052AD    KOST          1027 WHISPERING WOODS DRIV     MOON TOWNSH       PA       15108        SFR        7/1/27
  3417094      3417094AD    MCCANN        2001 MARINA DRIVE              QUINCY            MA       2171        CONDO       7/1/27
  3421666      3421666AD    SANTANA       1905 VALLEY ROAD               EFFORT            PA       18330        SFR        1/1/27
  3421690      3421690AD    HARTLEY       21321 NISQUALLY ROAD           APPLE VALLE       CA       92308     2-4 UNITS     6/1/27
  3421807      3421807AD    MINKLEY       65 HALE ALII PLACE             KIHEI             HI       96753        SFR        7/1/27
  3421849      3421849AD    WALLMAN       6531 NORTH ALBERT LANE         IDAHO FALLS       ID       83401        SFR        7/1/27
  3421856      3421856AD    MCCLEAVY      635 FOREST PRESERVE DRIVE      WOODDALE          IL       60191        SFR        7/1/27
  3421914      3421914AD    ROBINSON      8103 ULP STREET                MASURY            OH       44438        SFR        7/1/12
  3421997      3421997AD    ELLIS         415 CRAIGMONT ROAD             BLACK MOUNT       NC       28711        SFR        7/1/27
  3422003      3422003AD    WILD          4124 WEST ST. PAUL AVENUE      MILWAUKEE         WI       53208        SFR        7/1/27
  3422029      3422029AD    DAVIS         15000 SOUTHWEST FARMINGTON     BEAVERTON         OR       97007       CONDO       7/1/27
  3422078      3422078AD    POIDVEN       8231 NORTHEAST 12TH AVENUE     MIAMI             FL       33138        SFR        7/1/27
  3422110      3422110AD    KISSELLA      865 NASH                       YPSILANTI         MI       48198        SFR        7/1/27
  3426947      3426947AD    RELIFORD      5616 PINSON STREET             FORT WORTH        TX       76119        SFR        7/1/27
  3427028      3427028AD    KAMPS         16400 YEOHO ROAD               SPARKS            MD       21152        SFR        7/1/27
  3427101      3427101AD    SCHURY        4552-4554 BAYLOR COURT         SAGINAW           MI       48602     2-4 UNITS     7/1/27
  3427341      3427341AD    FULLER        24 DUGGAN DR.                  FRAMINGHAM        MA       1701         SFR        7/1/27
  3427424      3427424AD    BUTLER        N6102 HOOYMAN RD               SHIOCTON          WI       54170        SFR        7/1/27
  3427515      3427515AD    HUBER         3307 ROXBURG DRIVE             LEXINGTON         KY       40503        SFR        7/1/27
  3427598      3427598AD    HUGHES        3423 FREEMAN ROAD              DURHAM            NC       27703        SFR        7/1/27
  3427655      3427655AD    BROWN         1645 NORTH LINDER              CHICAGO           IL       60639     2-4 UNITS     7/1/27
  3427721      3427721AD    BROWN         13-15 DAVIS  STREET            HAVERHILL         MA       1830      2-4 UNITS     7/1/27
  3434768      3434768AD    JACOBSON      7702 35TH AVENUE NORTHEAST     SEATTLE           WA       98115        SFR        7/1/27
  3434859      3434859AD    HAUGH         315 NEPONSET STREET            NORWOOD           MA       2062        CONDO       7/1/27
  3434974      3434974AD    QUINN         723 MARQUETTE DRIVE SOUTHW     POPLAR GROV       IL       60165        SFR        7/1/27
  3434982      3434982AD    CHURCH        1633 SOUTH MARKET              WICHITA           KS       67211        SFR        7/1/27
  3435013      3435013AD    WILSON        2102 WHITTIER STREET           SAGINAW           MI       48601        SFR        7/1/27
  3435062      3435062AD    SMITH         1659 ABBOTSTON STREET          BALTIMORE         MD       21218        SFR        7/1/27
  3435112      3435112AD    MENENDEZ      1138 EAST CEDARBROOK STREE     WEST COVINA       CA       91790        SFR        7/1/27
  3435120      3435120AD    EPPING        3190 BIG SPRINGS AVENUE        SIMI VALLEY       CA       93063        SFR        7/1/27
  3435187      3435187AD    BLACKWELL     2220 SOUTH SAN ANTONIO AVE     POMONA            CA       91766        SFR        7/1/27
  3435237      3435237AD    FINCKE        600 123RD STREET GULF          MARATHON          FL       33050        SFR        7/1/27
  3435500      3435500AD    CAMPBELL      13 MARSHLAND ROAD              HILTON HEAD       SC       29926        SFR        7/1/27
  3435518      3435518AD    BRANDT        1 CLARIDGE DRIVE               VERONA            NJ       7044        CONDO       7/1/27
  3435732      3435732AD    BELTRAN       4048 VERONA STREET             AREA OF LOS       CA       90023        SFR        2/1/27
  3435799      3435799AD    HANSEN        2030 E LOCKWOOD STREET         MESA              AZ       85213        SFR        3/1/27
  3435864      3435864AD    FISHER        3340 GIBRALTAR DRIVE           RIVERSIDE         CA       92506        SFR        3/1/27
  3435898      3435898AD    EYNI          4491 E RIDGE GATE ROAD         ANAHEIM           CA       92807        SFR        3/1/27
  3435906      3435906AD    DIAZ          8441 DUCHESS DRIVE             WHITTIER          CA       90606        SFR        3/1/27
  3435930      3435930AD    EDMISON       1028 WARNER AVENUE             LEWISTON          ID       83501        SFR        4/1/27
<CAPTION>
       
 Servicer       AMRESCO      Last                8/1/97          Current          Current                     Occupancy    Original
Loan Number   Loan Number    Name           Scheduled Balance     Rate           P&I Payment          LTV      Status        Term
- -----------   -----------    ----           -----------------     ----           -----------          ---      ------        ----
<C>            <C>          <S>             <C>                   <C>            <C>                <C>        <C>            <C>
  3416690      3416690AD    MUELLER         $     43,384.29         10.93        $    411.01           70       OWNER         360
  3416724      3416724AD    BAUTISTA        $    192,725.02          10.6        $  1,778.05           80       OWNER         360
  3416740      3416740AD    JOHNSON         $     64,172.20          10.1        $    568.15        83.38       OWNER         360
  3416765      3416765AD    CURTIS          $     54,980.35         10.99        $    523.36        63.95       OWNER         360
  3416799      3416799AD    MYERS           $    164,917.98          9.45        $  1,381.39        69.04       OWNER         360
  3416856      3416856AD    CURTIS          $     93,566.70         11.01        $    892.08           80       OWNER         360
  3416880      3416880AD    MONTAYA         $     30,241.59         12.13        $    314.19        64.36       OWNER         360
  3416898      3416898AD    DECHICCHIS      $     52,473.79          9.43        $    438.77           75       OWNER         360
  3416906      3416906AD    STEINKEMP       $     54,986.64         12.73        $    596.82        59.14       OWNER         360
  3416930      3416930AD    LUM             $    209,910.61         10.18        $  1,870.89           70       OWNER         360
  3416955      3416955AD    BRINSON         $     90,721.94         11.65        $    909.09           55       OWNER         360
  3417037      3417037AD    SANDOVAL        $    111,158.59          10.8        $  1,042.21        79.49       OWNER         360
  3417052      3417052AD    KOST            $    157,926.75          9.78        $  1,360.95           80       OWNER         360
  3417094      3417094AD    MCCANN          $     94,948.32          9.02        $    765.76        73.08       OWNER         360
  3421666      3421666AD    SANTANA         $     60,763.07        11.625        $    608.90        64.89       OWNER         360
  3421690      3421690AD    HARTLEY         $     69,928.34          9.33        $    579.94        69.89       OWNER         360
  3421807      3421807AD    MINKLEY         $    449,810.48         10.23        $  4,025.77        78.26       OWNER         360
  3421849      3421849AD    WALLMAN         $     71,467.35          9.85        $    619.55        79.89       OWNER         360
  3421856      3421856AD    MCCLEAVY        $    149,530.65          9.78        $  1,288.59           80       OWNER         360
  3421914      3421914AD    ROBINSON        $     20,961.43          12.9        $    264.32           60       OWNER         180
  3421997      3421997AD    ELLIS           $     29,989.94         11.28        $    292.06        54.55       OWNER         360
  3422003      3422003AD    WILD            $     33,989.20         11.53        $    337.48           85       OWNER         360
  3422029      3422029AD    DAVIS           $     53,972.30           9.3        $    446.20        54.55       OWNER         360
  3422078      3422078AD    POIDVEN         $    157,437.68         10.52        $  1,443.07           75       OWNER         360
  3422110      3422110AD    KISSELLA        $     36,280.38          9.05        $    293.38           55       OWNER         360
  3426947      3426947AD    RELIFORD        $     35,391.91            13        $    391.59        63.21       OWNER         360
  3427028      3427028AD    KAMPS           $    124,936.81          9.37        $  1,039.23        69.44       OWNER         360
  3427101      3427101AD    SCHURY          $     39,309.48         10.53        $    360.60           55       NON OWNER     360
  3427341      3427341AD    FULLER          $    196,255.44           9.6        $  1,665.36           85       OWNER         360
  3427424      3427424AD    BUTLER          $     54,377.34         10.28        $    488.69           85       OWNER         360
  3427515      3427515AD    HUBER           $    127,946.32         10.25        $  1,147.01        78.05       OWNER         360
  3427598      3427598AD    HUGHES          $     81,558.84          9.38        $    679.00           80       OWNER         360
  3427655      3427655AD    BROWN           $    113,854.54         10.48        $  1,040.19           85       OWNER         360
  3427721      3427721AD    BROWN           $     49,482.04         10.92        $    468.41           55       NON OWNER     360
  3434768      3434768AD    JACOBSON        $    134,918.05          8.49        $  1,037.08        78.03       OWNER         360
  3434859      3434859AD    HAUGH           $     45,971.15          8.33        $    348.17        65.71       OWNER         360
  3434974      3434974AD    QUINN           $     97,784.11         10.38        $    886.07           80       OWNER         360
  3434982      3434982AD    CHURCH          $     25,191.73         11.38        $    247.25           70       OWNER         360
  3435013      3435013AD    WILSON          $     16,494.18         11.05        $    157.76           75       OWNER         360
  3435062      3435062AD    SMITH           $     29,990.95         11.76        $    303.05           60       NON OWNER     360
  3435112      3435112AD    MENENDEZ        $    135,920.12          8.65        $  1,060.21           80       OWNER         360
  3435120      3435120AD    EPPING          $    151,210.21           8.6        $  1,174.11           85       OWNER         360
  3435187      3435187AD    BLACKWELL       $     70,955.92          8.38        $    539.90        64.55       NON OWNER     360
  3435237      3435237AD    FINCKE          $    214,923.33            11        $  2,047.50           50       OWNER         360
  3435500      3435500AD    CAMPBELL        $     72,476.06         10.48        $    662.15        57.54       OWNER         360
  3435518      3435518AD    BRANDT          $    101,961.10         10.69        $    947.55           60       NON OWNER     360
  3435732      3435732AD    BELTRAN         $     44,820.40         8.125        $    334.12           45       OWNER         360
  3435799      3435799AD    HANSEN          $    270,978.01           7.5        $  1,901.86         85.8       OWNER         360
  3435864      3435864AD    FISHER          $    194,248.92         7.375        $  1,346.82           71       OWNER         360
  3435898      3435898AD    EYNI            $    302,534.96         8.375        $  2,310.62        77.95       OWNER         360
  3435906      3435906AD    DIAZ            $    121,864.72         8.375        $    929.19           75       OWNER         360
  3435930      3435930AD    EDMISON         $     75,818.58         8.625        $    591.12        65.52       OWNER         360

<CAPTION>

 Servicer       AMRESCO      Last                                                            Due
Loan Number   Loan Number    Name              Servicer                 Originator           Date
- -----------   -----------    ----              --------                 ----------           ----
<C>            <C>          <S>                <C>                      <C>                  <C>    
  3416690      3416690AD    MUELLER            ADVANTA                    AMRESCO            8/1/97
  3416724      3416724AD    BAUTISTA           ADVANTA                    AMRESCO            8/1/97
  3416740      3416740AD    JOHNSON            ADVANTA                    AMRESCO            8/1/97
  3416765      3416765AD    CURTIS             ADVANTA                    AMRESCO            8/1/97
  3416799      3416799AD    MYERS              ADVANTA                    AMRESCO            8/1/97
  3416856      3416856AD    CURTIS             ADVANTA                    AMRESCO            8/1/97
  3416880      3416880AD    MONTAYA            ADVANTA                    AMRESCO            8/1/97
  3416898      3416898AD    DECHICCHIS         ADVANTA                    AMRESCO            8/1/97
  3416906      3416906AD    STEINKEMP          ADVANTA                    AMRESCO            8/1/97
  3416930      3416930AD    LUM                ADVANTA                    AMRESCO            8/1/97
  3416955      3416955AD    BRINSON            ADVANTA                    AMRESCO            8/1/97
  3417037      3417037AD    SANDOVAL           ADVANTA                    AMRESCO            8/1/97
  3417052      3417052AD    KOST               ADVANTA                    AMRESCO            8/1/97
  3417094      3417094AD    MCCANN             ADVANTA                    AMRESCO            8/1/97
  3421666      3421666AD    SANTANA            ADVANTA                    AMRESCO            7/1/97
  3421690      3421690AD    HARTLEY            ADVANTA                    AMRESCO            7/1/97
  3421807      3421807AD    MINKLEY            ADVANTA                    AMRESCO            8/1/97
  3421849      3421849AD    WALLMAN            ADVANTA                    AMRESCO            8/1/97
  3421856      3421856AD    MCCLEAVY           ADVANTA                    AMRESCO            8/1/97
  3421914      3421914AD    ROBINSON           ADVANTA                    AMRESCO            8/1/97
  3421997      3421997AD    ELLIS              ADVANTA                    AMRESCO            8/1/97
  3422003      3422003AD    WILD               ADVANTA                    AMRESCO            8/1/97
  3422029      3422029AD    DAVIS              ADVANTA                    AMRESCO            8/1/97
  3422078      3422078AD    POIDVEN            ADVANTA                    AMRESCO            8/1/97
  3422110      3422110AD    KISSELLA           ADVANTA                    AMRESCO            8/1/97
  3426947      3426947AD    RELIFORD           ADVANTA                    AMRESCO            8/1/97
  3427028      3427028AD    KAMPS              ADVANTA                    AMRESCO            8/1/97
  3427101      3427101AD    SCHURY             ADVANTA                    AMRESCO            8/1/97
  3427341      3427341AD    FULLER             ADVANTA                    AMRESCO            8/1/97
  3427424      3427424AD    BUTLER             ADVANTA                    AMRESCO            8/1/97
  3427515      3427515AD    HUBER              ADVANTA                    AMRESCO            8/1/97
  3427598      3427598AD    HUGHES             ADVANTA                    AMRESCO            8/1/97
  3427655      3427655AD    BROWN              ADVANTA                    AMRESCO            8/1/97
  3427721      3427721AD    BROWN              ADVANTA                    AMRESCO            8/1/97
  3434768      3434768AD    JACOBSON           ADVANTA                    AMRESCO            8/1/97
  3434859      3434859AD    HAUGH              ADVANTA                    AMRESCO            8/1/97
  3434974      3434974AD    QUINN              ADVANTA                    AMRESCO            8/1/97
  3434982      3434982AD    CHURCH             ADVANTA                    AMRESCO            8/1/97
  3435013      3435013AD    WILSON             ADVANTA                    AMRESCO            8/1/97
  3435062      3435062AD    SMITH              ADVANTA                    AMRESCO            8/1/97
  3435112      3435112AD    MENENDEZ           ADVANTA                    AMRESCO            8/1/97
  3435120      3435120AD    EPPING             ADVANTA                    AMRESCO            8/1/97
  3435187      3435187AD    BLACKWELL          ADVANTA                    AMRESCO            8/1/97
  3435237      3435237AD    FINCKE             ADVANTA                    AMRESCO            8/1/97
  3435500      3435500AD    CAMPBELL           ADVANTA                    AMRESCO            8/1/97
  3435518      3435518AD    BRANDT             ADVANTA                    AMRESCO            8/1/97
  3435732      3435732AD    BELTRAN            ADVANTA                 PAN AMERICAN          7/1/97
  3435799      3435799AD    HANSEN             ADVANTA                 PAN AMERICAN          7/1/97
  3435864      3435864AD    FISHER             ADVANTA                 PAN AMERICAN          7/1/97
  3435898      3435898AD    EYNI               ADVANTA                 PAN AMERICAN          7/1/97
  3435906      3435906AD    DIAZ               ADVANTA                 PAN AMERICAN          7/1/97
  3435930      3435930AD    EDMISON            ADVANTA                 PAN AMERICAN          8/1/97
</TABLE>


                                     Page 6
<PAGE>

AMRESCO Mortgage Loan Schedule
1997-2 PreFund 2 Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>
 Servicer       AMRESCO      Last                                                                    Zip      Property      Maturity
Loan Number   Loan Number    Name                Address                  City            State     Code       Type           Date
- -----------   -----------    ----                -------                  ----            -----     ----       ----           ----
<C>            <C>          <S>           <C>                            <C>               <C>      <C>         <C>         <C> 
  3435955      3435955AD    THORPE        301 EAST SHORE ROAD            NINE MILE F       WA       99026        SFR        4/1/27
  3435971      3435971AD    JEZBERA       3997 CRECENT AVENUE            RIVERSIDE         CA       92501        SFR        4/1/27
  3435989      3435989AD    JEZBERA       4896 BEATTY DRIVE              RIVERSIDE         CA       92506        SFR        4/1/27
  3435997      3435997AD    JEZBERA       4913 RODEO ROAD                RIVERSIDE         CA       92504        SFR        4/1/27
  3436003      3436003AD    SANCHEZ       517 CAMINO PAROCELA            PALM SPRING       CA       92264        SFR        4/1/27
  3436094      3436094AD    ARZAGA        516 ROXDALE AVENUE             LA PUENTE         CA       91744        SFR        4/1/27
  3436201      3436201AD    BENNETT       10365 KIMBERLY AVENUE          LOS ANGELES       CA       90002        SFR        4/1/27
  3436250      3436250AD    RUARK         5315 CRYSTAL AVENUE            BEULAH            MI       49617        SFR        4/1/27
  3436375      3436375AD    SHARP         186 NORTH 200 WEST             FAIRVIEW          UT       84629        SFR        5/1/27
  3436482      3436482AD    POWELL        1001 SPRINGTOWN RD             MIDWAY            UT       84049        SFR        5/1/27
  3436540      3436540AD    DAVIS         1176 NORTH 800 EAST            OREM              UT       84097        SFR        5/1/27
  3436599      3436599AD    MARTIN        177- 179 NORTH SS              SALT LAKE C       UT       84103     2-4 UNITS     5/1/27
  3436722      3436722AD    RAMOS         1528 EAST 54TH STREE           LOS ANGELES       CA       90011        SFR        5/1/27
  3436755      3436755AD    JACOBSON      1490 CHARDONNEY COUR           UKIAH             CA       95482        SFR        5/1/27
  3436763      3436763AD    ORSI          135 SOUTH HARRISON             FORT BRAGG        CA       95437        SFR        5/1/27
  3436821      3436821AD    PUGH          2865 IAN LANE                  SIMI VALLEY       CA       93063        SFR        5/1/27
  3444106      3444106AD    OPPENHEIM     3239 ANACAPA WAY               LAS VEGAS         NV       89102        SFR        6/1/27
  3444189      3444189AD    DRECHSLER     18109 TROMBLEY ROAD            SNOHOMISH         WA       98290        SFR        6/1/27
  3444254      3444254AD    BALUYUT       3812 VIADER DRIVE              MODESTO           CA       95356        SFR        5/1/27
  3445434      3445434AD    TSURUMAKI     94-321 HOKULIILII   PLACE      MILILANI          HI       96789        SFR        7/1/27
  3445558      3445558AD    NUNN          1245 E. 36TH PLACE             GARY              IN       46409        SFR        7/1/27
  3445657      3445657AD    AGUIRRE       2559 TRAWOOD                   EL PASO           TX       79936        SFR        7/1/27
  3445988      3445988AD    PRYOR         5906 NORTH DELAWARE AVENUE     PORTLAND          OR       97217        SFR        7/1/27
  3446101      3446101AD    ENQUIST       6026 NORTH SMITH STREET        SPOKANE           WA       99207        SFR        7/1/27
  3446119      3446119AD    CROOK         3606 SIDNEY ROAD               COLUMBIA          SC       29210        SFR        7/1/27
  3446499      3446499AD    WOOTEN        11313 LOUISA MAY WAY           RIVERVIEW         FL       33569        SFR        7/1/27
  3446523      3446523AD    BELLISARIO    404 ONEIDA STREET              PITTSBURGH        PA       15211        SFR        7/1/27
  3446572      3446572AD    MARCOU        200 MADIGAN STREET             BERLIN            NH       3570         SFR        7/1/27
  3446796      3446796AD    GAINEY        1671 SUNDOWN DRIVE             HENDERSON         NV       89015        SFR        6/1/27
  3449766      3449766AD    BRIEGEL       2833 SEQUOIA  AVENUE           FULLERTON         CA       92635        SFR        7/1/27
  3449931      3449931AD    CUMMINGS      8 LAKE OUTLET ROAD             AMHERST           NH       3031         SFR        7/1/27
  3450129      3450129AD    LOCKRIDGE     3543 HUMBOLDT AVENUE NORTH     MINNEAPOLIS       MN       55412        SFR        7/1/27
  3455748      3455748AD    CIAFRE        156 COOPERS STREET             NEWARK            DE       19711        SFR        7/1/27
  3455755      3455755AD    CARTER        5021 NE 29TH AVENUE            PORTLAND          OR       97211        SFR        7/1/27
  3455987      3455987AD    VIGIL         4820 STAR NORTHWEST            ALBUQUERQUE       NM       87114        SFR        7/1/27
  3456027      3456027AD    LOPEZ         2251 S. 16TH STREET            MILWAUKEE         WI       53215        SFR        7/1/27
  3456084      3456084AD    BESEKE        202 NORTH PRIMROSE AVENUE      MONROVIA          CA       91016        SFR        7/1/27
  3456167      3456167AD    CUMMINGS      89 BABOOSIC LAKE ROAD          AMHERST           NH       3031         SFR        7/1/27
  3457397      3457397AD    GRUBBS        125 ST. ANDREWS WAY            SAVANNAH          GA       31410        SFR        4/30/27
  3457496      3457496AD    FALCONE       200 CANNON STREET              CRANSTON          RI       2920        OTHER       4/18/27
  3457546      3457546AD    BOSSERMAN     1073 BUFFALO GAP HIGHW         CHURCHVILLE       VA       24421        SFR        4/23/27
  3457611      3457611AD    COSTLEY       63 CHARLES STREET              WESTMINSTER       MD       21157       OTHER       5/5/27
  3458205      3458205AD    SACKREITER    6282 3RD AVENUE SOUTH          SAINT PETER       FL       33707        SFR        5/5/27
  3650256      3650256AD    BOWMAN        1062 LARK VIEW LANE            STEVENSVILL       MT       59870        SFR        7/1/27
  3650272      3650272AD    MCKNIGHT      7135 SHALE ROCK ROAD           PASO ROBLES       CA       93446        SFR        7/1/27
  3650322      3650322AD    PESQUEIRA     12261 THELMA STREET            SUN VALLEY        CA       91352        SFR        7/1/27
  3650413      3650413AD    MALCOLM       20405 E. TRUMAN ROAD           INDEPENDENC       MO       64056        SFR        7/1/27
  3650595      3650595AD    PETERS        895 OXFORD AVENUE              PHOENIXVILL       PA       19460        SFR        7/1/27
  3650629      3650629AD    SKLARIN       210 SOUTH WINDSOR BOULEVAR     LOS ANGELES       CA       90265        SFR        7/1/27
  3650686      3650686AD    WALSH         81 GLEN ROAD                   WELLESLEY         MA       2181         SFR        7/1/27
  3653581      3653581AD    BOGLE-ASSEGA  64 BROWN STREET                BLOOMFIELD        CT       6002         SFR        7/1/27
  3653722      3653722AD    RAMIREZ       4186 MCCONNELL BLVD            CULVER CITY       CA       90066        SFR        7/1/27

<CAPTION>
       
 Servicer       AMRESCO      Last                8/1/97          Current          Current                     Occupancy    Original
Loan Number   Loan Number    Name           Scheduled Balance     Rate           P&I Payment          LTV      Status        Term
- -----------   -----------    ----           -----------------     ----           -----------          ---      ------        ----
<C>            <C>          <S>             <C>                   <C>            <C>                <C>        <C>            <C>
  3435955      3435955AD    THORPE          $     71,836.76         8.875        $    572.86        62.61       OWNER         360
  3435971      3435971AD    JEZBERA         $     93,577.49         9.875        $    814.08           75       OWNER         360
  3435989      3435989AD    JEZBERA         $     93,577.49         9.875        $    814.08           75       OWNER         360
  3435997      3435997AD    JEZBERA         $    104,806.80         9.875        $    911.77           75       OWNER         360
  3436003      3436003AD    SANCHEZ         $     95,770.82         8.625        $    746.68           80       OWNER         360
  3436094      3436094AD    ARZAGA          $    115,935.28         8.875        $    924.94           75       OWNER         360
  3436201      3436201AD    BENNETT         $    104,761.91         8.875        $    835.43           75       OWNER         360
  3436250      3436250AD    RUARK           $    349,356.06         9.875        $  3,039.22        64.81       OWNER         360
  3436375      3436375AD    SHARP           $     43,916.24         9.875        $    382.07        60.27       OWNER         360
  3436482      3436482AD    POWELL          $     52,921.18           9.5        $    445.65        39.26       OWNER         360
  3436540      3436540AD    DAVIS           $     84,394.81         13.25        $    951.28        57.09       OWNER         360
  3436599      3436599AD    MARTIN          $    174,703.49         8.875        $  1,392.38        58.33       OWNER         360
  3436722      3436722AD    RAMOS           $     65,360.41          7.75        $    469.25        59.55       OWNER         360
  3436755      3436755AD    JACOBSON        $     89,866.14           9.5        $    756.77        47.37       OWNER         360
  3436763      3436763AD    ORSI            $     86,840.78           8.5        $    668.95        52.73       OWNER         360
  3436821      3436821AD    PUGH            $     99,834.91             9        $    804.62        42.55       OWNER         360
  3444106      3444106AD    OPPENHEIM       $     62,942.52         9.875        $    547.06        57.27       OWNER         360
  3444189      3444189AD    DRECHSLER       $    125,875.55           9.5        $  1,059.48           80       OWNER         360
  3444254      3444254AD    BALUYUT         $    254,574.60          8.95        $  2,042.62           85       OWNER         360
  3445434      3445434AD    TSURUMAKI       $    109,951.34            10        $    965.33         44.9       OWNER         360
  3445558      3445558AD    NUNN            $     29,382.19           8.5        $    226.06           60       OWNER         360
  3445657      3445657AD    AGUIRRE         $     62,490.39          8.49        $    499.33        67.36       OWNER         360
  3445988      3445988AD    PRYOR           $     67,966.06          9.43        $    568.31        62.96       OWNER         360
  3446101      3446101AD    ENQUIST         $     53,970.50             9        $    434.50         67.5       OWNER         360
  3446119      3446119AD    CROOK           $    179,907.85          9.31        $  1,488.65         59.5       OWNER         360
  3446499      3446499AD    WOOTEN          $     91,882.68          10.4        $    833.96           80       OWNER         360
  3446523      3446523AD    BELLISARIO      $     24,991.41         11.17        $    241.30        30.12       OWNER         360
  3446572      3446572AD    MARCOU          $     37,479.61          9.02        $    302.27           75       OWNER         360
  3446796      3446796AD    GAINEY          $    159,863.78          10.2        $  1,427.82         79.6       OWNER         360
  3449766      3449766AD    BRIEGEL         $    125,941.22          9.75        $  1,082.53           60       OWNER         360
  3449931      3449931AD    CUMMINGS        $     76,458.39          9.02        $    616.64           75       OWNER         360
  3450129      3450129AD    LOCKRIDGE       $     56,776.84         10.38        $    514.48           80       OWNER         360
  3455748      3455748AD    CIAFRE          $    114,594.78           9.6        $    972.42        84.99       OWNER         360
  3455755      3455755AD    CARTER          $     69,971.02         10.31        $    630.40        63.64       NON OWNER     360
  3455987      3455987AD    VIGIL           $    117,945.88          9.83        $  1,020.74           80       OWNER         360
  3456027      3456027AD    LOPEZ           $     30,736.02          9.87        $    266.90           75       OWNER         360
  3456084      3456084AD    BESEKE          $     99,955.76            10        $    877.57        43.48       OWNER         360
  3456167      3456167AD    CUMMINGS        $     53,969.88           8.9        $    430.62           60       NON OWNER     360
  3457397      3457397AD    GRUBBS          $     95,157.44          9.95        $    831.93           85       OWNER         360
  3457496      3457496AD    FALCONE         $     69,527.62           9.8        $    600.53           80       OWNER         360
  3457546      3457546AD    BOSSERMAN       $     66,723.88          9.95        $    585.85           80       OWNER         360
  3457611      3457611AD    COSTLEY         $     46,458.71          10.7        $    432.33        56.71       OWNER         360
  3458205      3458205AD    SACKREITER      $     57,259.88          8.95        $    461.40        88.62       OWNER         360
  3650256      3650256AD    BOWMAN          $     24,989.51         10.25        $    224.03        21.76       NON OWNER     360
  3650272      3650272AD    MCKNIGHT        $    103,443.35          8.99        $    832.04           75       OWNER         360
  3650322      3650322AD    PESQUEIRA       $     59,948.34          6.75        $    389.16           50       OWNER         360
  3650413      3650413AD    MALCOLM         $    111,301.79          10.1        $    985.41           85       OWNER         360
  3650595      3650595AD    PETERS          $     34,982.34          9.38        $    291.24        43.75       OWNER         360
  3650629      3650629AD    SKLARIN         $    974,469.64          9.02        $  7,859.11           75       OWNER         360
  3650686      3650686AD    WALSH           $    324,840.14           9.5        $  2,732.78         61.9       OWNER         360
  3653581      3653581AD    BOGLE-ASSEGA    $     69,573.80         10.75        $    649.70           80       OWNER         360
  3653722      3653722AD    RAMIREZ         $     62,968.56          9.43        $    526.52        34.05       OWNER         360

<CAPTION>

 Servicer       AMRESCO      Last                                                            Due
Loan Number   Loan Number    Name              Servicer                 Originator           Date
- -----------   -----------    ----              --------                 ----------           ----
<C>            <C>          <S>                <C>                      <C>                  <C>    
  3435955      3435955AD    THORPE             ADVANTA                 PAN AMERICAN          8/1/97
  3435971      3435971AD    JEZBERA            ADVANTA                 PAN AMERICAN          7/1/97
  3435989      3435989AD    JEZBERA            ADVANTA                 PAN AMERICAN          7/1/97
  3435997      3435997AD    JEZBERA            ADVANTA                 PAN AMERICAN          7/1/97
  3436003      3436003AD    SANCHEZ            ADVANTA                 PAN AMERICAN          7/1/97
  3436094      3436094AD    ARZAGA             ADVANTA                 PAN AMERICAN          7/1/97
  3436201      3436201AD    BENNETT            ADVANTA                 PAN AMERICAN          7/1/97
  3436250      3436250AD    RUARK              ADVANTA                 PAN AMERICAN          7/1/97
  3436375      3436375AD    SHARP              ADVANTA                 PAN AMERICAN          7/1/97
  3436482      3436482AD    POWELL             ADVANTA                 PAN AMERICAN          7/1/97
  3436540      3436540AD    DAVIS              ADVANTA                 PAN AMERICAN          7/1/97
  3436599      3436599AD    MARTIN             ADVANTA                 PAN AMERICAN          7/1/97
  3436722      3436722AD    RAMOS              ADVANTA                 PAN AMERICAN          7/1/97
  3436755      3436755AD    JACOBSON           ADVANTA                 PAN AMERICAN          7/1/97
  3436763      3436763AD    ORSI               ADVANTA                 PAN AMERICAN          7/1/97
  3436821      3436821AD    PUGH               ADVANTA                 PAN AMERICAN          7/1/97
  3444106      3444106AD    OPPENHEIM          ADVANTA             GOODRICH & PENNINGTON     7/1/97
  3444189      3444189AD    DRECHSLER          ADVANTA             GOODRICH & PENNINGTON     8/1/97
  3444254      3444254AD    BALUYUT            ADVANTA             GOODRICH & PENNINGTON     7/1/97
  3445434      3445434AD    TSURUMAKI          ADVANTA                    AMRESCO            8/1/97
  3445558      3445558AD    NUNN               ADVANTA                    AMRESCO            8/1/97
  3445657      3445657AD    AGUIRRE            ADVANTA              BANKERS MORTGAGE CO      8/1/97
  3445988      3445988AD    PRYOR              ADVANTA                    AMRESCO            8/1/97
  3446101      3446101AD    ENQUIST            ADVANTA                    AMRESCO            8/1/97
  3446119      3446119AD    CROOK              ADVANTA                    AMRESCO            8/1/97
  3446499      3446499AD    WOOTEN             ADVANTA                    AMRESCO            8/1/97
  3446523      3446523AD    BELLISARIO         ADVANTA                    AMRESCO            8/1/97
  3446572      3446572AD    MARCOU             ADVANTA                    AMRESCO            8/1/97
  3446796      3446796AD    GAINEY             ADVANTA             GOODRICH & PENNINGTON     7/1/97
  3449766      3449766AD    BRIEGEL            ADVANTA                    AMRESCO            8/1/97
  3449931      3449931AD    CUMMINGS           ADVANTA                    AMRESCO            8/1/97
  3450129      3450129AD    LOCKRIDGE          ADVANTA                    AMRESCO            8/1/97
  3455748      3455748AD    CIAFRE             ADVANTA                    AMRESCO            8/1/97
  3455755      3455755AD    CARTER             ADVANTA                    AMRESCO            8/1/97
  3455987      3455987AD    VIGIL              ADVANTA                    AMRESCO            8/1/97
  3456027      3456027AD    LOPEZ              ADVANTA                    AMRESCO            8/1/97
  3456084      3456084AD    BESEKE             ADVANTA                    AMRESCO            8/1/97
  3456167      3456167AD    CUMMINGS           ADVANTA                    AMRESCO            8/1/97
  3457397      3457397AD    GRUBBS             ADVANTA               PARKWAY MORTGAGE        7/30/97
  3457496      3457496AD    FALCONE            ADVANTA               PARKWAY MORTGAGE        7/18/97
  3457546      3457546AD    BOSSERMAN          ADVANTA               PARKWAY MORTGAGE        7/23/97
  3457611      3457611AD    COSTLEY            ADVANTA               PARKWAY MORTGAGE        7/5/97
  3458205      3458205AD    SACKREITER         ADVANTA               PARKWAY MORTGAGE        7/5/97
  3650256      3650256AD    BOWMAN             ADVANTA                    AMRESCO            8/1/97
  3650272      3650272AD    MCKNIGHT           ADVANTA                    AMRESCO            8/1/97
  3650322      3650322AD    PESQUEIRA          ADVANTA                    AMRESCO            8/1/97
  3650413      3650413AD    MALCOLM            ADVANTA                    AMRESCO            8/1/97
  3650595      3650595AD    PETERS             ADVANTA                    AMRESCO            8/1/97
  3650629      3650629AD    SKLARIN            ADVANTA                    AMRESCO            8/1/97
  3650686      3650686AD    WALSH              ADVANTA                    AMRESCO            8/1/97
  3653581      3653581AD    BOGLE-ASSEGA       ADVANTA            FIRST AMERICAN MTG CORP    8/1/97
  3653722      3653722AD    RAMIREZ            ADVANTA                    AMRESCO            8/1/97
</TABLE>


                                     Page 7
<PAGE>

AMRESCO Mortgage Loan Schedule
1997-2 PreFund 2 Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>
 Servicer       AMRESCO      Last                                                                    Zip      Property      Maturity
Loan Number   Loan Number    Name                Address                  City            State     Code       Type           Date
- -----------   -----------    ----                -------                  ----            -----     ----       ----           ----
<C>            <C>          <S>           <C>                            <C>               <C>      <C>         <C>         <C> 
  3653748      3653748AD    DINSON        65 PALEKANA STREET             PAIA              HI       96779        SFR        7/1/27
  3653789      3653789AD    SILVA         412 TAMARACK AVENUE            HOLTVILLE         CA       92250        SFR        7/1/27
  3653888      3653888AD    ESTRONZA      211 NEWINGTON ROAD             WEST HARTFO       CT       6110         SFR        7/1/27
  3653896      3653896AD    JOHNSON       586 CHELTENHAM AVENUE S.E.     PALM BAY          FL       32909        SFR        7/1/27
  3657582      3657582AD    WIESEN        6816 HASKELL DRIVE             FAIRVIEW          PA       16415        SFR        7/1/27
  3657608      3657608AD    WALKER        1789 WEST 28TH STREET          SAN BERNARD       CA       92411        SFR        7/1/27
  3657871      3657871AD    MCINTOSH      4916 BROADSIDE CIRCLE          WEST PALM B       FL       33417        SFR        7/1/27
  3658044      3658044AD    WILLIAMSON    12593 SHANNONDALE DRIVE        FORT MYERS        FL       33913        SFR        7/1/27
  3661915      3661915AD    RILEY         617-19 W. MEINECKE STREET      MILWAUKEE         WI       53211        SFR        7/1/27
  3661949      3661949AD    OZIC          1676 CHURCH POINT LANE         VIRGINIA BE       VA       23455        SFR        7/1/27
  3662145      3662145AD    JOHNSON       1910 NORTHWEST 152ND STREE     OPA LOCKA         FL       33054        SFR        7/1/27
  3662293      3662293AD    BOOSE         10634 MACATAWA LANE            HOLLAND           MI       49423        SFR        7/1/27
  3665668      3665668AD    HECKMAN       2653 SOUTH KIHEI ROAD          KIHEI             HI       96753       CONDO       8/1/27
  3665684      3665684AD    FERRANDINO    5 STAPLES COURT                EAST NORWAL       CT       6855         SFR        7/1/27
  3665700      3665700AD    TROST         2322 HOUSTON POINT ROAD        WHITEFISH         MT       59937        SFR        7/1/27
  3665734      3665734AD    AGUIAR        58 BRENTWOOD DRIVE             GLASTONBURY       CT       6033         SFR        7/1/27
  3668464      3668464AD    SARGEANT      601 SHARPE DRIVE               VERMILLION        SD       57069        SFR        6/1/27
  3668662      3668662AD    JONES         5827 MARINE AVENUE             29 PALMS          CA       92277        SFR        5/1/27
  3668761      3668761AD    HAGER         13503 EAST 28TH AVENUE         SPOKANE           WA       99216        SFR        1/1/27
  3670056      3670056AD    MARES         7408 PIENE BAY ROAD            WOODRUFF          WI       54568        SFR        7/1/27
  3670189      3670189AD    FOX           999 SOUTH OTIS STREET          LAKEWOOD          CO       80226        SFR        8/1/27
  3670296      3670296AD    MUNRO         4033 CENTER STREET             LYONS             IL       60534        SFR        7/1/27
  3679198      3679198AD    SHAH          1702 HEAVENLY BAMBOO COURT     SAN JOSE          CA       95131        SFR        7/1/27
  3679412      3679412AD    GARAFALO      1 LIVINGSTON LANE              MANALAPAN         NJ       7726         SFR        8/1/27
  3679446      3679446AD    CONWAY        420 NOTTINGHAM DRIVE           NAPLES            FL       34110        SFR        8/1/27
  3679487      3679487AD    WILLIAMS      34105 LOOKOUT ROAD             OSAWATOMIE        KS       66064        SFR        8/1/27
          
<CAPTION>
       
 Servicer       AMRESCO      Last                8/1/97          Current          Current                     Occupancy    Original
Loan Number   Loan Number    Name           Scheduled Balance     Rate           P&I Payment          LTV      Status        Term
- -----------   -----------    ----           -----------------     ----           -----------          ---      ------        ----
<C>            <C>          <S>             <C>                   <C>            <C>                <C>        <C>            <C>
  3653748      3653748AD    DINSON          $    169,914.60           9.4        $  1,417.07           85       OWNER         360
  3653789      3653789AD    SILVA           $     55,221.36          9.25        $    454.53           65       OWNER         360
  3653888      3653888AD    ESTRONZA        $     69,966.29           9.6        $    593.71        83.33       OWNER         360
  3653896      3653896AD    JOHNSON         $     44,901.81          9.27        $    370.24           75       OWNER         360
  3657582      3657582AD    WIESEN          $    115,542.29          9.43        $    966.13           85       OWNER         360
  3657608      3657608AD    WALKER          $     46,375.44          9.15        $    378.36           80       OWNER         360
  3657871      3657871AD    MCINTOSH        $    130,335.59          9.48        $  1,094.57        76.71       OWNER         360
  3658044      3658044AD    WILLIAMSON      $    135,947.11          10.6        $  1,254.22           85       OWNER         360
  3661915      3661915AD    RILEY           $     23,190.80         10.51        $    212.39           80       OWNER         360
  3661949      3661949AD    OZIC            $    193,149.18          9.22        $  1,585.62        42.94       OWNER         360
  3662145      3662145AD    JOHNSON         $     29,987.53         10.29        $    269.72        46.15       OWNER         360
  3662293      3662293AD    BOOSE           $    322,919.81           8.9        $  2,576.52           80       OWNER         360
  3665668      3665668AD    HECKMAN         $     60,000.00          9.81        $    518.14        43.17       NON OWNER     360
  3665684      3665684AD    FERRANDINO      $    129,923.49          8.64        $  1,012.51           65       OWNER         360
  3665700      3665700AD    TROST           $    174,934.97         10.81        $  1,641.49        40.09       NON OWNER     360
  3665734      3665734AD    AGUIAR          $    149,918.07             9        $  1,206.93        38.96       OWNER         360
  3668464      3668464AD    SARGEANT        $     81,459.01          10.8        $    764.04           80       OWNER         360
  3668662      3668662AD    JONES           $     72,158.31         10.25        $    647.44           85       OWNER         360
  3668761      3668761AD    HAGER           $    115,522.50          8.75        $    912.57           80       OWNER         360
  3670056      3670056AD    MARES           $    205,401.45          9.62        $  1,745.98           75       OWNER         360
  3670189      3670189AD    FOX             $     69,000.00          8.99        $    554.69        53.08       OWNER         360
  3670296      3670296AD    MUNRO           $     44,986.42         11.76        $    454.58           60       NON OWNER     360
  3679198      3679198AD    SHAH            $    191,881.27           8.4        $  1,462.73           80       OWNER         360
  3679412      3679412AD    GARAFALO        $    164,250.00          8.83        $  1,301.55           75       OWNER         360
  3679446      3679446AD    CONWAY          $    101,600.00         10.25        $    910.44           80       OWNER         360
  3679487      3679487AD    WILLIAMS        $     71,200.00         11.73        $    717.61           80       OWNER         360
                                            ===============                                                                      
                                            $ 45,452,767.44
                                            ===============
                      LOAN COUNT                        390

<CAPTION>

 Servicer       AMRESCO      Last                                                            Due
Loan Number   Loan Number    Name              Servicer                 Originator           Date
- -----------   -----------    ----              --------                 ----------           ----
<C>            <C>          <S>                <C>                      <C>                  <C>    
  3653748      3653748AD    DINSON             ADVANTA                    AMRESCO            8/1/97
  3653789      3653789AD    SILVA              ADVANTA              BANKERS MORTGAGE CO      8/1/97
  3653888      3653888AD    ESTRONZA           ADVANTA                    AMRESCO            8/1/97
  3653896      3653896AD    JOHNSON            ADVANTA                    AMRESCO            8/1/97
  3657582      3657582AD    WIESEN             ADVANTA                    AMRESCO            8/1/97
  3657608      3657608AD    WALKER             ADVANTA                    AMRESCO            8/1/97
  3657871      3657871AD    MCINTOSH           ADVANTA                    AMRESCO            8/1/97
  3658044      3658044AD    WILLIAMSON         ADVANTA                    AMRESCO            8/1/97
  3661915      3661915AD    RILEY              ADVANTA                    AMRESCO            8/1/97
  3661949      3661949AD    OZIC               ADVANTA                    AMRESCO            8/1/97
  3662145      3662145AD    JOHNSON            ADVANTA                    AMRESCO            8/1/97
  3662293      3662293AD    BOOSE              ADVANTA               FRANKLIN MORTGAGE       8/1/97
  3665668      3665668AD    HECKMAN            ADVANTA                    AMRESCO            9/1/97
  3665684      3665684AD    FERRANDINO         ADVANTA                    AMRESCO            8/1/97
  3665700      3665700AD    TROST              ADVANTA                    AMRESCO            8/1/97
  3665734      3665734AD    AGUIAR             ADVANTA                    AMRESCO            8/1/97
  3668464      3668464AD    SARGEANT           ADVANTA              MARATHON CAPITAL LP      7/1/97
  3668662      3668662AD    JONES              ADVANTA              MARATHON CAPITAL LP      7/1/97
  3668761      3668761AD    HAGER              ADVANTA              MARATHON CAPITAL LP      7/1/97
  3670056      3670056AD    MARES              ADVANTA                    AMRESCO            8/1/97
  3670189      3670189AD    FOX                ADVANTA                    AMRESCO            9/1/97
  3670296      3670296AD    MUNRO              ADVANTA                    AMRESCO            8/1/97
  3679198      3679198AD    SHAH               ADVANTA                    AMRESCO            8/1/97
  3679412      3679412AD    GARAFALO           ADVANTA                    AMRESCO            9/1/97
  3679446      3679446AD    CONWAY             ADVANTA                    AMRESCO            9/1/97
  3679487      3679487AD    WILLIAMS           ADVANTA                    AMRESCO            9/1/97

</TABLE>

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