AMRESCO RESIDENTIAL SECURITIES CORP MORTGAGE LOAN TR 1997-2
8-K, 1997-07-11
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)
                                  June 27, 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 of     (Commission File       (I.R.S. Employer
           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 June 27, 1997, AMRESCO Residential Securities Corporation Mortgage Loan
Trust 1997-2 (the "Trust") acquired $81,526,303.63 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 June 27, 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 June 27, 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 9, 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 June 27, 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 June 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, $81,526,303.63, pursuant to this Subsequent
Transfer Agreement and to include $36,930,601.43 of the Mortgage Loans listed on
Schedule I-A hereto in Group I and to include $44,585,702.20 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:  June 27, 1997

<PAGE>

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

<TABLE>
<CAPTION>
 Servicer      AMRESCO     Last                                                                  Zip       Property     Maturity
Loan Number  Loan Number   Name          Address                        City           State     Code      Type           Date
- - -----------  -----------   ----          -------                        ----           -----     ----      ----           ----  
<S>           <C>          <C>           <C>                            <C>            <C>       <C>       <C>          <C>
    3198157   3198157AD    SINGLEY       5777 GIBSON PLACE              ROSEVILLE      CA        95746     SFR          1/1/12  
    3242203   3242203AD    GRAHAM        5116 RICHARDSON DRIVE          ODESSA         TX        79762     SFR          5/1/27  
    3242237   3242237AD    TUTT          6902 ALLVIEWLANE               DALLAS         TX        75227     SFR          5/1/27  
    3242245   3242245AD    WANG          11123 BEL AIR DRIVE            SAN ANTONIO    TX        78213     2-4 UNITS    6/1/27  
    3242252   3242252AD    FREITAS       44-2382 KALANIAI ROAD          HONOKAA        HI        96727     2-4 UNITS    5/1/27  
    3242260   3242260AD    MCINTYRE      4319 5TH AVENUE SOUTH          MINNEAPOLIS    MN        55409     SFR          5/1/27  
    3242286   3242286AD    AVILA         33430 7TH STREET               UNION CITY     CA        94587     SFR          6/1/27  
    3242302   3242302AD    FORBES        2465 KILKARE ROAD              SUNOL          CA        94586     SFR          6/1/27  
    3242310   3242310AD    JONES         ROUTE 250                      HUNDRED        WV        26575     MANUF HM     6/1/27  
    3242328   3242328AD    GUSTER        4336 PRAIRIE                   SAINT LOUIS    MO        63107     SFR          6/1/12  
    3242336   3242336AD    CLARK         227 EAST VERNON                FERGUS FALL    MN        56537     SFR          6/1/12  
    3242344   3242344AD    HUFFMAN       UNDERWOOD LANE                 SOUTH PORTS    KY        41174     SFR          6/1/12  
    3242369   3242369AD    JOHNSON       11524 SOUTH RACINE AVENUE      CHICAGO        IL        60643     SFR          6/1/27  
    3242385   3242385AD    FULLER        931 PINE FOREST DRIVE          MABLETON       GA        30059     SFR          6/1/12  
    3242401   3242401AD    DAWES         5153 SOUTH PIEPER BOULEVAR     KEARNS         UT        84118     SFR          6/1/27  
    3242419   3242419AD    BATES         39 ELDRED STREET               BATTLE CREE    MI        49017     SFR          6/1/27  
    3242476   3242476AD    RIVERA        LOT #71 HAWI ROAD              HAWI           HI        96719     SFR          6/1/27  
    3242500   3242500AD    KIYUNA        888 HAHAIONE STREET            HONOLULU       HI        96825     SFR          6/1/27  
    3242518   3242518AD    LEONARDI      8213 OLDE EIGHT ROAD           NORTHFIELD     OH        44067     SFR          6/1/12  
    3242526   3242526AD    MATTHEWS      1018 WEST 43RD STREET          BALTIMORE      MD        21211     SFR          6/1/12  
    3242534   3242534AD    ROSE          2486 KNOLLVIEW STREET SOUT     WYOMING        MI        49509     SFR          6/1/12  
    3242559   3242559AD    AUGUSTIN      469 NORTHEAST 130TH STREET     NORTH MIAMI    FL        33161     2-4 UNITS    6/1/27  
    3242583   3242583AD    AMADI         4339 NORTH 38TH STREET         MILWAUKEE      WI        53216     SFR          6/1/27  
    3242591   3242591AD    SANTANA       1910 SOUTHWEST 17TH AVENUE     MIAMI          FL        33145     CONDO        6/1/27  
    3242658   3242658AD    MEREDITH      232 RENOVA STREET              PITTSBURGH     PA        15207     SFR          6/1/12  
    3242674   3242674AD    REED          1611 GREENLAWN DRIVE           BEAUFORT       SC        29902     SFR          6/1/27  
    3242682   3242682AD    KEARNEY       714 GLEN HAVEN DRIVE           CONROE         TX        77385     SFR          6/1/27  
    3242716   3242716AD    LENHARDT      3917 BATES ST.                 SAINT LOUIS    MO        63116     2-4 UNITS    6/1/27  
    3242724   3242724AD    DUNLOP        5840 LAW STREET                NEW ORLEANS    LA        70117     SFR          6/1/12  
    3242732   3242732AD    LIM           7707 DE MOSS DRIVE             HOUSTON        TX        77036     SFR          6/1/27  
    3248093   3248093AD    GALLION       2606-1/2 OAKLAND AVENUE SO     MINNEAPOLIS    MN        55407     CONDO        5/1/27  
    3248101   3248101AD    CHRISTENSEN   4847 SOUTH 1950 WEST           TAYLORSVILL    UT        84118     SFR          5/1/27  
    3248127   3248127AD    WASHINGTON    1732 EAST 122ND STREET         LOS ANGELES    CA        90059     SFR          6/1/27  
    3248135   3248135AD    DAHNKE        917 GLENDALE AVENUE            GALT           CA        95632     SFR          6/1/27  
    3248143   3248143AD    BELL          1425 NORTHWEST 42ND STREET     MIAMI          FL        33142     SFR          6/1/27  
    3248150   3248150AD    CHAMBERS      2624 BURLEIGH AVENUE           GLENSIDE       PA        19038     SFR          6/1/27  
    3248192   3248192AD    BURNS         12799 FOREST STREET            DENVER         CO        80241     SFR          6/1/27  
    3248218   3248218AD    PARKE         534&536 FIFTH STREET           FORT WAYNE     IN        46808     2-4 UNITS    6/1/27  
    3248259   3248259AD    KAISER        3516 DAVID AVENUE NORTHEAS     ALBANY         OR        97321     SFR          6/1/12  
    3248283   3248283AD    SECONDO       31 MAYFLOWER STREET            PLYMOUTH       MA        2360      2-4 UNITS    6/1/12  
    3248291   3248291AD    RUIZ          1142 ALA LILIKOI STREET        HONOLULU       HI        96818     SFR          6/1/27  
    3248333   3248333AD    PASSARO       100 DUNSHEE DRIVE              LONGWOOD       FL        32779     SFR          6/1/27  
    3248374   3248374AD    MCGARRY       25031 LAVELL ROAD              JUNCTION CI    OR        97448     SFR          6/1/27  
    3248382   3248382AD    SALAZAR       1621 EAST 105TH PLACE          NORTHGLENN     CO        80232     SFR          6/1/12  
    3248408   3248408AD    SMITH         5633 NORTH CLOVER MAPLE DR     FAIRLAND       IN        46126     SFR          6/1/27  
    3248416   3248416AD    TABINO        13882 SOUTH MUELLER ROAD       OREGON CITY    OR        97045     SFR          6/1/27  
    3248432   3248432AD    WHITE         5177 MAPLE AVENUE              SAINT LOUIS    MO        63113     SFR          6/1/27  
    3248473   3248473AD    LAWRENCE      11633 SOUTH LONGWOOD DRIVE     CHICAGO        IL        60643     SFR          6/1/27  
    3248499   3248499AD    HANS          429 KINGSTON                   ROMEOVILLE     IL        60446     SFR          6/1/27  
    3248515   3248515AD    SCOTT         1662 CAPISTRANA PLACE          DECATUR        GA        30032     SFR          6/1/12  
    3248523   3248523AD    PARKER        14610 WHITCOMB                 DETROIT        MI        48227     SFR          6/1/27  
    3248549   3248549AD    GARCIA        2000 SOUTHWEST 80TH COURT      MIAMI          FL        33155     SFR          6/1/27  
    3248556   3248556AD    MARK          1433 EAST KENILWORTH AVENU     PALATINE       IL        60067     SFR          6/1/27  
    3248622   3248622AD    TOWNES        5030 HIGHRIDGE DRIVE           GARLAND        TX        75043     SFR          6/1/27  
    3248648   3248648AD    SUMNER        4330 LAKEMONT ROAD             MELBOURNE      FL        32934     SFR          6/1/27  
    3248655   3248655AD    SIMMONS       3907 EAST IDLEWILD AVENUE      TAMPA          FL        33610     SFR          6/1/27  
    3248697   3248697AD    PEREZ         14035 SOUTH SAGINAW AVENUE     CHICAGO        IL        60633     SFR          6/1/12  
    3248713   3248713AD    DRUMMOND      2035 EAST 32ND STREET          BALTIMORE      MD        21218     SFR          6/1/27  

<CAPTION>
 Servicer            07/01/97        Current    Current            Occupancy  Original                                    Due
Loan Number     Scheduled Balance      Rate   P&I Payment  LTV     Status       Term    Servicer       Originator         Date
- - -----------     -----------------      ----   -----------  ---     ------       ----    --------       ----------         ----
<S>               <C>                 <C>      <C>         <C>     <C>           <C>     <C>      <C>                    <C>
    3198157       $    28,445.39      10.75    $  266.04   70.00   OWNER         360     ADVANTA      FIRST COLONY       7/1/97
    3242203       $    63,575.27       10.6    $  586.53   60.00   OWNER         360     ADVANTA         AMRESCO         6/1/97
    3242237       $    84,341.80      10.55    $  774.97   75.00   OWNER         360     ADVANTA         AMRESCO         6/1/97
    3242245       $    55,250.00      12.28    $  580.24   65.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3242252       $   277,338.69        8.7    $2,173.19   81.62   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3242260       $    44,991.08      13.63    $  520.04   60.00   OWNER         360     ADVANTA         AMRESCO         6/1/97
    3242286       $   118,000.00       9.98    $1,033.79   72.84   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3242302       $   216,000.00       8.05    $1,592.47   78.55   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3242310       $    44,100.00      11.83    $  447.86   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3242328       $    23,870.00      13.25    $  305.95   70.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3242336       $    39,450.00       10.6    $  438.53   75.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3242344       $    47,700.00         10    $  512.59   74.94   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3242369       $    38,250.00      11.83    $  388.45   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3242385       $    20,000.00       9.85    $  213.09   33.33   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3242401       $    71,250.00       9.45    $  596.51   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3242419       $    18,000.00      12.85    $  197.01   60.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3242476       $    90,000.00       9.58    $  762.03   64.29   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3242500       $   300,000.00      9.725    $2,571.96   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3242518       $    78,700.00       7.95    $  749.83   36.60   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3242526       $    40,000.00      10.58    $  444.15   66.67   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3242534       $    28,000.00      10.38    $  307.43   30.77   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3242559       $    79,200.00      11.75    $  799.45   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3242583       $    39,000.00      12.83    $  426.24   65.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3242591       $    49,700.00         13    $  549.78   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3242658       $    27,300.00      12.63    $  338.79   70.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3242674       $    36,750.00      11.88    $  374.62   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3242682       $    72,700.00      15.25    $  933.80   69.24   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3242716       $    42,000.00      12.63    $  452.49   60.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3242724       $    21,175.00      13.33    $  272.53   55.00   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3242732       $    40,000.00       11.6    $  399.17   35.40   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3248093       $    27,913.17       12.7    $  302.32   80.00   OWNER         360     ADVANTA         AMRESCO         6/1/97
    3248101       $    72,954.39       8.35    $  553.57   60.83   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3248127       $   101,250.00       9.58    $  857.28   73.64   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3248135       $    66,500.00        8.2    $  497.26   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3248143       $    19,000.00      11.38    $  186.42   32.76   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3248150       $    66,000.00      13.48    $  754.93   60.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3248192       $   104,250.00       8.45    $  797.90   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3248218       $    33,750.00      10.63    $  312.01   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3248259       $    30,000.00        9.7    $  316.90   39.22   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3248283       $    42,000.00       10.7    $  469.49   23.33   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3248291       $   450,000.00       8.95    $3,604.62   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3248333       $   100,000.00      10.75    $  933.48   64.10   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3248374       $   157,500.00         11    $1,499.91   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3248382       $    70,000.00       8.95    $  707.91   70.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3248408       $    32,880.00       12.1    $  340.74   60.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3248416       $   168,000.00       10.2    $1,499.21   60.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3248432       $    39,200.00       12.5    $  418.37   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3248473       $   142,000.00      8.875    $1,129.82   74.74   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3248499       $    76,650.00      10.33    $  691.42   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3248515       $    54,000.00       7.95    $  514.49   75.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3248523       $    22,750.00      12.28    $  238.92   61.49   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3248549       $    66,000.00      13.15    $  737.84   55.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3248556       $   168,000.00      13.88    $1,974.64   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3248622       $    51,300.00       11.7    $  515.86   73.29   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3248648       $   112,500.00         13    $1,244.47   77.59   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3248655       $    29,250.00      13.28    $  329.98   65.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3248697       $    50,000.00       9.76    $  529.99   57.80   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3248713       $    35,100.00      13.63    $  405.63   65.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
</TABLE>           


                                     Page 1
<PAGE>

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

<TABLE>
<CAPTION>
 Servicer      AMRESCO     Last                                                                  Zip       Property     Maturity
Loan Number  Loan Number   Name          Address                        City           State     Code      Type           Date
- - -----------  -----------   ----          -------                        ----           -----     ----      ----           ----  
<S>           <C>          <C>           <C>                            <C>            <C>       <C>       <C>          <C>
    3248721   3248721AD    DICKSTEIN     110 118 & 120 PIERCE STREE     ERIE           CO        80516     2-4 UNITS    6/1/27  
    3252822   3252822AD    BROWN         1108 STRICKLAND                DALLAS         TX        75216     SFR          6/1/27  
    3252871   3252871AD    RANDALL       1725 PEACHTREE COURT           TEXAS CITY     TX        77591     SFR          5/1/27  
    3252897   3252897AD    KELLER        1109 ELBRIDGE STREET           PHILADELPHI    PA        19111     SFR          5/1/27  
    3252913   3252913AD    HAAS          1703 DALLAS STREET             MODESTO        CA        95358     SFR          6/1/27  
    3252939   3252939AD    REED          359 RUSHING CREEK COURT        HENDERSON      NV        89014     SFR          6/1/27  
    3252947   3252947AD    SOLOMON       46-3753 MAMALAHOA HIGHWAY      HONOKAA        HI        96727     SFR          6/1/27  
    3252962   3252962AD    OHTA          3050 EAST MANOA ROAD           HONOLULU       HI        96822     SFR          6/1/27  
    3252970   3252970AD    COSTON        1131 NORTHWEST 38TH STREET     MIAMI          FL        33127     SFR          6/1/27  
    3252996   3252996AD    DUNN          3466 LEROY STREET              SAN BERNARD    CA        92404     SFR          6/1/12  
    3253002   3253002AD    DEAS          132 PERKINS STREET             SUMTER         SC        29150     SFR          6/1/27  
    3253010   3253010AD    MCLAIN        7 HAWAII COURT                 DURHAM         NC        27713     SFR          6/1/12  
    3253093   3253093AD    NGUYEN        1114 CLIPPER DRIVE             SLIDELL        LA        70458     SFR          6/1/27  
    3253119   3253119AD    BELL          210 LAGO VISTA                 LEAGUE CITY    TX        77573     SFR          6/1/27  
    3253127   3253127AD    GREENWOOD     1000 CLIFTON CIRCLE            SMYRNA         GA        30080     SFR          6/1/12  
    3253176   3253176AD    BARTH         1198 LINDEN AVENUE             BALTIMORE      MD        21227     SFR          6/1/12  
    3253192   3253192AD    NAVARRO       623 MCNEIL STREET              HONOLULU       HI        96817     CONDO        6/1/27  
    3253200   3253200AD    RICHARD       7317 SOUTH SAINT LAWRENCE      CHICAGO        IL        60619     2-4 UNITS    6/1/27  
    3253242   3253242AD    BROWN         1520 QUACCO ROAD               SAVANNAH       GA        31419     SFR          6/1/27  
    3253259   3253259AD    PALMER        3120A-B-C NORTH ROBERTSON      NEW ORLEANS    LA        70117     2-4 UNITS    6/1/27  
    3253283   3253283AD    JOHNSON       2030 SOUTHWET 185TH AVENUE     ALOHA          OR        97006     SFR          6/1/27  
    3253317   3253317AD    FUENTES       3580 EAST 3RD AVENUE           HIALEAH        FL        33013     SFR          6/1/27  
    3255437   3255437AD    DOTTO         602 WEST DEAN AVENUE           KILLEEN        TX        76541     SFR          6/1/12  
    3255460   3255460AD    REEDY         3614 SOUTH 8150 WEST           MAGNA          UT        84044     SFR          6/1/27  
    3255494   3255494AD    BRADFORD      317 HIGHLAND AVENUE            RACELAND       KY        41169     SFR          6/1/12  
    3255502   3255502AD    HICKS         1076 HUTCHINGS DRIVE           SAN LEANDRO    CA        94577     SFR          6/1/27  
    3255510   3255510AD    TOSON         LOT 2 NAKALEI CAMP             PAAUILO        HI        96776     SFR          6/1/27  
    3255551   3255551AD    MCDONALD      12723 MARLOWE                  DETROIT        MI        48227     SFR          6/1/12  
    3255643   3255643AD    WRIGHT        1248 KINGSTON WAY              GARDNERVILL    NV        89410     SFR          6/1/27  
    3257706   3257706AD    BAMBULA       7605 EASTBREEZE CIRCLE         SACRAMENTO     CA        95828     SFR          6/1/27  
    3257714   3257714AD    LLOYD         2222 EAST 93RD STREET          CHICAGO        IL        60617     SFR          6/1/27  
    3257722   3257722AD    LANGFORD      44821 GENOA AVENUE             LANCASTER      CA        93534     SFR          6/1/27  
    3257730   3257730AD    GAMAYO        LOT #37 PAAUHAU CAMP           PAAUHAU        HI        96775     SFR          6/1/27  
    3257748   3257748AD    SIPPLE        COUNTY ROUTE 6 VARNEY          NORTH MATEW    WV        25688     SFR          6/1/12  
    3257755   3257755AD    FELLER        2007 EASTLAND COURT            EVANSVI LLE    IN        47715     SFR          6/1/12  
    3257763   3257763AD    SAILOR        71 FIELDING CREEK DRIVE        PORT ANGELE    WA        98363     SFR          6/1/27  
    3257797   3257797AD    KRENZ         RR 1 BOX 597                   EVAN           MN        56238     SFR          6/1/27  
    3257821   3257821AD    ANCHETA       1565 SOUTH OHOHIA PLACE        LANAI CITY     HI        96763     SFR          6/1/27  
    3257888   3257888AD    BROWN         1520A QUACCO ROAD              SAVANNAH       GA        31419     SFR          6/1/27  
    3257904   3257904AD    SMITH         4465 B STREET SOUTHEAST        WASHINGTON     DC        20019     SFR          6/1/27  
    3257938   3257938AD    PEARSON       4108-10 PINGREE                DETROIT        MI        48204     2-4 UNITS    6/1/27  
    3257946   3257946AD    FLANERY       3020 SOUTH COLORADO BOULEV     DENVER         CO        80222     SFR          6/1/27  
    3257953   3257953AD    JONES         609 WEST 46TH STREET           SAVANNAH       GA        31405     SFR          6/1/12  
    3266566   3266566AD    SECOR         LOT #9 OFF AKAULA STREET       WAIKOLOA       HI        96738     SFR          6/1/27  
    3266574   3266574AD    NERO          2015 -2015 1/2 8TH STREET      BERKELEY       CA        94710     2-4 UNITS    6/1/27  
    3266624   3266624AD    DIMMICK       1380 POE LANE                  SAN JOSE       CA        95130     SFR          6/1/27  
    3266640   3266640AD    BENJAMIN DAV  4323 WOODMONT DRIVE            HOUSTON        TX        77045     SFR          6/1/12  
    3266673   3266673AD    JONES         205 CHESTNUT STREET            BARRACKVILL    WV        26559     SFR          6/1/12  
    3266681   3266681AD    BRITTON       1717 MOTT-SMITH DRIVE          HONOLULU       HI        96822     CONDO        6/1/27  
    3266707   3266707AD    CAMIT         94-137 KAHOLO PLACE            MILILANI       HI        96789     SFR          6/1/27  
    3266715   3266715AD    KAWAGISHI     806 KAAHUE STREET              HONOLULU       HI        96825     SFR          6/1/27  
    3266723   3266723AD    BALSINGER     HC 78 BOX 36A                  AUGUSTA        WV        26704     SFR          6/1/12  
    3266731   3266731AD    VINCENT       34TH STREET                    KEAAU          HI        96749     SFR          6/1/27  
    3266749   3266749AD    FRETZ         533 REYNOLDS STREET            EASTON         PA        18042     SFR          6/1/27  
    3266772   3266772AD    BOSTON        1931 WEST 25TH STREET          JACKSONVILL    FL        32209     SFR          6/1/27  
    3266780   3266780AD    DOUGLASS      1135 SOUTH TRURO AVENUE        INGLEWOOD      CA        90301     SFR          6/1/27  
    3266798   3266798AD    VILLAVER      1240-E AULD LANE               HONOLULU       HI        36817     SFR          6/1/27  
    3266806   3266806AD    MIRANDA       4836 SOUTH FORK ROAD           CHICO          CA        91710     SFR          6/1/27  

<CAPTION>
 Servicer            07/01/97        Current    Current            Occupancy  Original                                    Due
Loan Number     Scheduled Balance      Rate   P&I Payment  LTV     Status       Term    Servicer       Originator         Date
- - -----------     -----------------      ----   -----------  ---     ------       ----    --------       ----------         ----
<S>               <C>                 <C>      <C>         <C>     <C>           <C>     <C>      <C>                    <C>
    3248721       $   120,000.00       8.83    $  950.91   72.07   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3252822       $    31,525.00      11.43    $  310.51   65.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3252871       $   149,944.74      10.85    $1,411.51   75.00   OWNER         360     ADVANTA         AMRESCO         6/1/97
    3252897       $    58,208.34         12    $  598.91   85.00   OWNER         360     ADVANTA         AMRESCO         6/1/97
    3252913       $    57,200.00        9.1    $  464.37   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3252939       $   104,800.00       9.75    $  900.39   84.52   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3252947       $   136,500.00        8.7    $1,068.98   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3252962       $   305,000.00      10.13    $2,705.94   71.76   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3252970       $    48,000.00      11.45    $  473.51   53.93   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3252996       $    50,000.00       10.9    $  565.16   64.10   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3253002       $    42,000.00      15.63    $  552.28   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3253010       $    28,250.00       9.38    $  292.95   49.56   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3253093       $   180,000.00       11.2    $1,741.44   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3253119       $   281,000.00         14    $3,329.49   63.86   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3253127       $    72,250.00       9.25    $  743.59   85.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3253176       $    50,000.00      11.13    $  572.39   51.55   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3253192       $   112,500.00        9.7    $  962.42   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3253200       $    89,000.00       9.75    $  764.65   55.63   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3253242       $    36,750.00      10.08    $  324.68   75.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3253259       $    42,750.00      11.08    $  409.70   75.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3253283       $   129,750.00       10.7    $1,206.32   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3253317       $   117,000.00      12.25    $1,226.04   90.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3255437       $    29,700.00      12.33    $  362.78   62.53   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3255460       $    53,300.00      12.25    $  558.53   64.22   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3255494       $    32,900.00       10.7    $  367.77   70.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3255502       $    46,000.00        8.2    $  343.97   35.39   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3255510       $    52,500.00       10.7    $  488.11   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3255551       $    15,000.00      12.85    $  188.31   60.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3255643       $    84,000.00       10.6    $  774.67   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3257706       $    55,000.00        8.2    $  411.26   63.95   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3257714       $   128,400.00      12.63    $1,383.32   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3257722       $    30,000.00      10.38    $  271.73   74.26   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3257730       $    65,600.00       9.75    $  563.61   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3257748       $    37,800.00       14.5    $  516.16   70.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3257755       $    56,000.00       10.5    $  619.02   80.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3257763       $    35,000.00       9.63    $  297.62   43.21   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3257797       $    19,000.00      12.75    $  206.47   61.29   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3257821       $   105,000.00       10.5    $  960.48   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3257888       $    49,600.00       9.35    $  411.65   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3257904       $    74,750.00      14.13    $  893.39   65.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3257938       $    24,500.00       9.88    $  212.84   70.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3257946       $    65,975.00      11.08    $  632.29   65.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3257953       $    26,600.00      10.38    $  292.06   70.00   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3266566       $   200,000.00        8.4    $1,523.68   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3266574       $    45,000.00        8.1    $  333.34   25.28   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3266624       $    98,000.00        7.7    $  698.70   40.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3266640       $    19,500.00      11.65    $  229.66   39.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3266673       $    21,000.00       11.6    $  246.66   60.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3266681       $   106,000.00      10.13    $  940.42   62.35   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3266707       $   222,000.00       7.45    $1,544.66   61.67   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3266715       $   345,000.00        8.4    $2,628.34   66.99   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3266723       $    28,600.00       10.1    $  309.09   55.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3266731       $    71,250.00      10.35    $  643.77   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3266749       $    34,900.00      10.85    $  328.41   74.26   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3266772       $    29,600.00       9.85    $  256.49   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3266780       $   104,500.00       9.45    $  874.88   68.75   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3266798       $   418,770.00       9.13    $3,408.76   84.60   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3266806       $    56,700.00       9.95    $  495.49   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
</TABLE>


                                     Page 2
<PAGE>

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

<TABLE>
<CAPTION>
 Servicer      AMRESCO     Last                                                                  Zip       Property     Maturity
Loan Number  Loan Number   Name          Address                        City           State     Code      Type           Date
- - -----------  -----------   ----          -------                        ----           -----     ----      ----           ----  
<S>           <C>          <C>           <C>                            <C>            <C>       <C>       <C>          <C>
    3266830   3266830AD    CALDWELL      1074 OLD CAVALRY ROAD          COOKEVILLE     TN        38506     SFR          6/1/12  
    3266863   3266863AD    HUKKERI       195 ROSEWOOD AVENUE            NEW HAVEN      CT        6513      SFR          6/1/27  
    3266871   3266871AD    WILLIAMS      302 EAST SELMA AVENUE          TAMPA          FL        33603     SFR          6/1/27  
    3266889   3266889AD    GOODHEART     3670 INVERRARY DRIVE           LAUDERHILL     FL        33319     CONDO        6/1/12  
    3266913   3266913AD    ALFORD        1507 APPLETON STREET           BALTIMORE      MD        21217     SFR          6/1/27  
    3266939   3266939AD    DIAMSAY       91-1032-G OPUKU STREET         KAPOLEI        HI        96707     SFR          6/1/27  
    3266947   3266947AD    CLARK         606 JACKSON STREET             LAURINBURG     NC        28352     SFR          6/1/12  
    3266954   3266954AD    BERRY         10629 FAIRFAX STREET           HOUSTON        TX        77029     SFR          6/1/27  
    3266962   3266962AD    NGUYEN        140 JANET STREET               AVONDALE       LA        70094     SFR          6/1/12  
    3266970   3266970AD    POE           2336 DURBIN STREET             GARY           IN        46406     SFR          6/1/12  
    3267051   3267051AD    BARRINO       1103 SHERRICK ROAD SOUTHEA     CANTON         OH        44707     SFR          6/1/27  
    3267069   3267069AD    KELLY         3907 MADDEN LANE               HOUSTON        TX        77047     SFR          6/1/27  
    3267093   3267093AD    THAYER        539 UNION AVE                  CRESCENT CI    FL        32112     SFR          6/1/12  
    3267101   3267101AD    LIUPAKKA      3544 SANDRA LANE               SAUGATUCK      MI        49453     SFR          6/1/27  
    3267135   3267135AD    KRUG          305 POPLAR STREET              OWENSVILLE     IN        47665     SFR          6/1/27  
    3267150   3267150AD    MOLL          2118 GENEIVA DRIVE             NASHVILLE      TN        37216     SFR          6/1/12  
    3267168   3267168AD    WALL          9309 GRAND DIVISION AVENUE     CLEVELAND      OH        44125     SFR          6/1/27  
    3267176   3267176AD    AMATO         322 15TH AVENUE                LEWISTON       ID        83501     SFR          6/1/27  
    3267184   3267184AD    RODGERS       3733 LAUSAT STREET             METAIRIE       LA        70001     SFR          6/1/27  
    3267192   3267192AD    LUND          5343 INWOOD DRIVE              KATY           TX        77493     SFR          6/1/27  
    3267218   3267218AD    GIPSON        4510-12 RICHMOND STREET        PHILADELPHI    PA        19137     2-4 UNITS    6/1/27  
    3267226   3267226AD    DEAN          1021 1023-1025 VINA AVENUE     LONG BEACH     CA        90813     2-4 UNITS    6/1/27  
    3267234   3267234AD    ABERNATHY     4626 OLD STILBORO ROAD         ACWORTH        GA        30101     SFR          6/1/27  
    3267242   3267242AD    MIEDERHOFF    3325 ITASKA STREET             SAINT LOUIS    MO        63111     SFR          6/1/27  
    3267259   3267259AD    SAGASTI       15611 SOUTHWEST 62ND TERRA     MIAMI          FL        33193     SFR          6/1/12  
    3267275   3267275AD    SHANNON       10236 SOUTH WALLACE STREE      CHICAGO        IL        60628     SFR          6/1/27  
    3267309   3267309AD    PETROUTSA     1330 ROSSER ROAD               SPRING LAKE    NC        28390     SFR          6/1/12  
    3267317   3267317AD    ALEXANDER     6131 GREAT OAKS DRIVE          HOUSTON        TX        77050     SFR          6/1/12  
    3267341   3267341AD    LIMBRICK      12314 RIVER TRAIL DRIVE        HOUSTON        TX        77050     SFR          6/1/12  
    3267358   3267358AD    LIMBRICK      2930 RENTON ROAD               HOUSTON        TX        77032     SFR          6/1/12  
    3270691   3270691AD    FORD          7026 IDLEWILD                  ST. LOUIS      MO        63136     SFR          5/1/27  
    3270717   3270717AD    LUNSFORD      1307 SOUTHERN AVENUE           LEXINGTON      KY        40503     SFR          6/1/27  
    3270725   3270725AD    BINION        3209 EVERDALE DRIVE            SAN JOSE       CA        95148     SFR          6/1/27  
    3270733   3270733AD    SANTIAGO      91-122 NEHUPALA PLACE          EWA BEACH      HI        96706     SFR          6/1/27  
    3270766   3270766AD    SMITH         11531 KISMET STREET            SYLMAR         CA        91342     SFR          6/1/27  
    3270774   3270774AD    SAUCEDA       32235 DESERT VISTA ROAD        CATHEDRAL C    CA        92234     2-4 UNITS    6/1/27  
    3270790   3270790AD    GILL          102 UPLAND AVENUE              PITTSBURGH     PA        15209     SFR          6/1/27  
    3270808   3270808AD    TOWNSEND      1034 REVERE DRIVE              MARION         OH        43302     SFR          6/1/12  
    3270816   3270816AD    SMITH         168 EAST 45TH STREET           LOS ANGELES    CA        90011     SFR          6/1/27  
    3270832   3270832AD    SINGH         5030 SAN JUAN AVE              OXNARD         CA        93033     SFR          6/1/27  
    3270840   3270840AD    BOWE          616 BLUEBERRY ROAD             MONROEVILLE    PA        15146     SFR          6/1/27  
    3270865   3270865AD    SANDIFORD     1852 WEST 45TH STREET          LOS ANGELES    CA        90062     SFR          6/1/27  
    3270881   3270881AD    GEORGE        ROUTE 8 BOX 738                LAKE CITY      FL        32055     SFR          6/1/27  
    3270899   3270899AD    TUCKER        2007 ALBANY AVENUE             RICHMOND       VA        23224     SFR          6/1/27  
    3270915   3270915AD    BOSTELMAN     1634 NORTH 15TH STREET         GRAND JUNCT    CO        81501     SFR          6/1/27  
    3270931   3270931AD    PARRILLI      9386 NORTH LANDING             DES PLAINES    IL        60016     CONDO        6/1/12  
    3270956   3270956AD    CHAMBERLIN    224 2ND STREET                 MERRITT ISL    FL        32953     SFR          6/1/12  
    3270964   3270964AD    SHORTER       3903 MAGNOLIA COURT            COCOA          FL        32926     SFR          6/1/27  
    3271012   3271012AD    YELLOCK       531 ROSS ACRES ROAD            BURLINGTON     NC        27217     MANUF HM     6/1/27  
    3271020   3271020AD    GARDNER       7212 CLAASEN AVENUE            CLEVELAND      OH        44105     SFR          6/1/27  
    3271053   3271053AD    ANDERSON      814 HILLENDALE DRIVE           HATTIESBURG    MS        39402     SFR          6/1/12  
    3271061   3271061AD    MERRIMAN      1422 LIBERTY STREET            JACKSONVILL    FL        32206     2-4 UNITS    6/1/27  
    3271079   3271079AD    RAMSAROOP     907 MISSOURI AVENUE NORTHW     WASHINGTON     DC        20011     2-4 UNITS    6/1/27  
    3271111   3271111AD    LIMBRICK      1611 SWEET GRASS TRAIL         HOUSTON        TX        77090     SFR          6/1/12  
    3305190   3305190AD    JORDAN        6335 21ST AVENUE SOUTHWEST     SEATTLE        WA        98052     SFR          6/1/27  
    3305208   3305208AD    HENLINE       8891 SOUTH MINGO PARK DRIV     SANDY          UT        84070     SFR          6/1/27  
    3305216   3305216AD    MCKENDRICK    7278 WEST MAJESTIC WAY         MAGNA          UT        84044     SFR          6/1/27  
    3305224   3305224AD    COUNTRYMAN    5615 BROADWAY                  EVERETT        WA        98203     SFR          6/1/27  

<CAPTION>
 Servicer            07/01/97        Current    Current            Occupancy  Original                                    Due
Loan Number     Scheduled Balance      Rate   P&I Payment  LTV     Status       Term    Servicer       Originator         Date
- - -----------     -----------------      ----   -----------  ---     ------       ----    --------       ----------         ----
<S>               <C>                 <C>      <C>         <C>     <C>           <C>     <C>      <C>                    <C>
    3266830       $   159,000.00      11.15    $1,822.19   64.90   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3266863       $    22,400.00       8.75    $  176.22   46.67   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3266871       $    35,750.00      13.75    $  416.53   65.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3266889       $    20,000.00       8.88    $  201.43   59.70   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3266913       $    26,600.00      13.38    $  302.17   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3266939       $   157,500.00         12    $1,620.06   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3266947       $    19,500.00      12.73    $  243.27   60.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3266954       $    19,525.00      13.15    $  218.28   55.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3266962       $    29,250.00      11.25    $  337.06   52.23   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3266970       $    19,500.00        9.5    $  203.62   51.32   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3267051       $    21,450.00       11.7    $  215.70   65.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3267069       $    40,787.00      11.58    $  406.40   65.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3267093       $    40,000.00       10.5    $  442.16   80.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3267101       $   107,000.00       10.2    $  954.85   74.83   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3267135       $    36,000.00       11.5    $  356.50   79.47   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3267150       $    68,000.00        9.7    $  718.30   80.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3267168       $    44,122.00         11    $  420.18   77.10   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3267176       $    66,600.00      11.75    $  672.27   90.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3267184       $    43,000.00      12.95    $  473.99   45.99   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3267192       $    42,000.00       12.2    $  438.49   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3267218       $    64,000.00      12.38    $  677.09   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3267226       $    35,000.00        9.2    $  286.67   26.92   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3267234       $    65,000.00       10.6    $  599.45   42.21   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3267242       $    24,000.00      11.48    $  237.30   75.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3267259       $    86,800.00         15    $1,214.84   70.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3267275       $    45,000.00      10.48    $  410.96   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3267309       $    24,600.00      11.13    $  281.61   60.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3267317       $    19,600.00      11.83    $  233.09   51.58   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3267341       $    21,450.00      12.33    $  262.01   55.00   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3267358       $    51,700.00      12.33    $  631.51   55.00   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3270691       $    41,989.84      12.75    $  456.41   80.77   OWNER         360     ADVANTA    EDGE MTG SERVICES    6/1/97
    3270717       $    36,000.00       11.2    $  348.29   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3270725       $   238,000.00       10.5    $2,177.08   85.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3270733       $   100,000.00       9.38    $  832.11   40.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3270766       $    65,250.00        9.5    $  548.66   75.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3270774       $    69,000.00      10.25    $  618.31   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3270790       $    38,000.00      11.28    $  369.95   63.33   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3270808       $    40,500.00      12.95    $  511.09   54.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3270816       $    79,000.00       10.5    $  722.64   60.54   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3270832       $    77,900.00       9.63    $  662.43   48.69   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3270840       $    63,750.00      11.38    $  625.48   85.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3270865       $   103,500.00       9.88    $  899.12   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3270881       $   139,750.00       11.4    $1,373.28   65.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3270899       $    25,200.00      10.63    $  232.97   61.76   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3270915       $    56,000.00       9.45    $  468.84   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3270931       $    20,000.00       8.58    $  197.89   18.18   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3270956       $    54,750.00       7.95    $  521.64   75.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3270964       $    33,000.00      10.75    $  308.05   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3271012       $    35,100.00      13.83    $  411.17   65.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3271020       $    48,750.00      11.83    $  495.08   75.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3271053       $    58,800.00       14.5    $  802.91   70.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3271061       $    26,000.00      11.28    $  253.12   65.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3271079       $    89,250.00      11.96    $  915.29   75.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3271111       $    74,910.00      12.48    $  922.31   60.00   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3305190       $   102,000.00       8.35    $  773.47   85.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3305208       $   102,000.00       9.75    $  876.34   83.61   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3305216       $    80,750.00       9.25    $  664.31   84.56   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3305224       $    90,000.00       13.1    $1,002.62   58.06   OWNER         360     ADVANTA         AMRESCO         7/1/97
</TABLE>


                                     Page 3
<PAGE>

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

<TABLE>
<CAPTION>
 Servicer      AMRESCO     Last                                                                  Zip       Property     Maturity
Loan Number  Loan Number   Name          Address                        City           State     Code      Type           Date
- - -----------  -----------   ----          -------                        ----           -----     ----      ----           ----  
<S>           <C>          <C>           <C>                            <C>            <C>       <C>       <C>          <C>
    3305257   3305257AD    SPAULDING     338 KEKAULIKE AVENUE           KULA           HI        96790     SFR          6/1/27  
    3305273   3305273AD    INES          94-355 KAHUALENA STREET        WAIPAHU        HI        96797     SFR          6/1/27  
    3305281   3305281AD    BOWDRE        14510 LOUETTA ROAD             CYPRESS        TX        74429     SFR          6/1/27  
    3305299   3305299AD    ALLARD        840 DELANO STREET              SAN LORENZO    CA        94580     SFR          6/1/27  
    3305323   3305323AD    LATKA         3307 DEVONSHIRE LANE           PUEBLO         CO        81005     SFR          6/1/27  
    3305356   3305356AD    COLEMAN       2800 EAST 78TH STREET          CHICAGO        IL        60649     SFR          6/1/27  
    3305372   3305372AD    THOMAS        17610 STOUT                    DETROIT        MI        48219     SFR          6/1/27  
    3305380   3305380AD    REY           7415 HAGER WAY                 ORLANDO        FL        32822     SFR          6/1/12  
    3305414   3305414AD    LENGLING      3348 NORTH 98TH STREET         MILWAUKEE      WI        53222     SFR          6/1/12  
    3305448   3305448AD    ATKINSON      715 FAIRCREST LANE             HOUSTON        TX        77076     SFR          6/1/27  
    3305455   3305455AD    YU            747 AMANA STREET               HONOLULU       HI        96814     CONDO        6/1/27  
    3305463   3305463AD    BILLINGS      1842 TAFT AVENUE               BERKELEY       IL        60162     SFR          6/1/27  
    3305489   3305489AD    REIGER        7042 WEST 24TH AVENUE          GARY           IN        46406     SFR          6/1/27  
    3305497   3305497AD    PHILLIPS      539 PIKE STREET                MEADOW LAND    PA        15347     SFR          6/1/27  
    3305521   3305521AD    FERGUSON      1336 HIBISCUS STREET           SAINT  AUGU    FL        32095     SFR          6/1/27  
    3305539   3305539AD    SCHEARING     30917 SOUTH STATE ROAD 27      FAIRFIELD      WA        99012     SFR          6/1/27  
    3311230   3311230AD    COSIO         19458 LUPIN AVENUE             RIALTO         CA        92377     SFR          6/1/27  
    3311248   3311248AD    DALAO         LOT #141 PAAUHAU CAMP          PAAUHAU        HI        96775     SFR          6/1/27  
    3311255   3311255AD    LA ROSA       94-136 KUPUOHI PLACE           WAIPAHU        HI        96797     SFR          6/1/27  
    3311271   3311271AD    ONEAL         340 CLEMATIS STREET            PENSACOLA      FL        32503     SFR          6/1/12  
    3311289   3311289AD    HENDRICKS     6188- 1/2 TIMBERLAND DRIVE     FAYETTEVILL    NC        28314     SFR          6/1/27  
    3311305   3311305AD    NGUYEN        620 ALVARADO DRIVE SE          ALBUQUERQUE    NM        87108     SFR          6/1/12  
    3311339   3311339AD    KAHOLOAA      54-3881 AKONI PULE HIGHWAY     KAPAAU         HI        96755     SFR          6/1/27  
    3311354   3311354AD    STEAVE        225 SOUTH 49TH STREET          PHILADELPHI    PA        19143     2-4 UNITS    6/1/12  
    3311370   3311370AD    WILTY         664 HUNTERBROOK DRIVE          GRETNA         LA        70056     SFR          6/1/27  
    3311388   3311388AD    PAGE          339 NORTH 800 EAST             PROVO          UT        84606     SFR          6/1/27  
    3311412   3311412AD    ALESSANDRINI  262 EAST 8TH STREET            HIALEAH        FL        33010     SFR          6/1/27  
    3311438   3311438AD    MCCRACKEN     14110 SOUTH MYRTLE ROAD        MYRTLE CREE    OR        97457     SFR          6/1/27  
    3311446   3311446AD    PACHECO       5243 GROVE STREET              TRINITY        NC        27370     SFR          6/1/27  
    3311453   3311453AD    MILLER        ROUTE 1 BOX 308 (BRADHAM R     MANNING        SC        29102     SFR          6/1/27  
    3311461   3311461AD    ACEVEDO       3020 NORTHWEST 83 TERRACE      MIAMI          FL        33147     SFR          6/1/12  
    3311479   3311479AD    SHAFFNER      1602 REVERE DRIVE              ALEXANDRIA     VA        22308     SFR          6/1/27  
    3311503   3311503AD    ROSEBERRY     546 EAST RENO ROAD             RENO           TX        76020     SFR          6/1/27  
    3311529   3311529AD    BUTLER        18027 NAVAJO TRAIL             SPRING         TX        77388     SFR          6/1/12  
    3326543   3326543AD    JACKSON       909 LA VISTA DRIVE             GARLAND        TX        75040     SFR          6/1/27  
    3326550   3326550AD    BECHARD       7 MOUNT VERNON DRIVE           PELHAM         NH        3076      SFR          6/1/27  
    3326618   3326618AD    WINKLER       3926 SOUTH KINGS ESTATE DR     WEST VALLEY    UT        84128     SFR          6/1/27  
    3326634   3326634AD    ARNBRISTER    LOT #91 PAAUHAU CAMP           PAAUHAU        HI        96775     SFR          6/1/27  
    3326675   3326675AD    GONZALEZ      1157 LINDEN DRIVE              CONCORD        CA        94520     SFR          6/1/27  
    3326683   3326683AD    ROBINS        11-3585 HIBISCUS STREET        KEAAU          HI        96749     SFR          6/1/27  
    3326691   3326691AD    ROMERO        90 TRISTAN CIRCLE              SACRAMENTO     CA        95823     SFR          6/1/27  
    3326709   3326709AD    DOMINGO       LOT#10 KUKUI CAMP              OOKALA         HI        96774     SFR          6/1/27  
    3326717   3326717AD    AMBROSE       1238 LITTLE SHEPHERDS TRAI     BAXTER         KY        40806     SFR          6/1/12  
    3326733   3326733AD    LOCKE-PADDON  1155 WEST 7TH STREET           BANDON         OR        97411     SFR          6/1/27  
    3326741   3326741AD    TELLY         4614 BOLERO DRIVE              SAN JOSE       CA        95111     SFR          6/1/27  
    3326758   3326758AD    PONCE         641 SOUTH 5TH STREET           BRAWLEY        CA        92227     SFR          6/1/12  
    3326766   3326766AD    BUTTS         606 EAST BELMONT STREET        ONTARIO        CA        91761     SFR          6/1/12  
    3326774   3326774AD    TAVARES       1563 PELE STREET               HONOLULU       HI        96813     SFR          6/1/27  
    3326832   3326832AD    CHRISTIANSON  RURAL ROUTE 1 BOX 114          NAPOLEON       MO        64074     SFR          6/1/27  
    3326840   3326840AD    PELAIZ        4601 SOUTHWEST 112TH AVENU     MIAMI          FL        33165     SFR          6/1/27  
    3326865   3326865AD    RASMUSSEN     2210 ARLINGTON STREET          SARASOTA       FL        34239     SFR          6/1/27  
    3326873   3326873AD    ABBOTT        2865 WEST GLENLORD             STEVENSVILL    MI        49127     SFR          6/1/27  
    3326881   3326881AD    SAVINO        103 STRATFORD SQUARE           PORT ORANGE    FL        32127     SFR          6/1/27  
    3326899   3326899AD    CHAVEZ        3407 WEST HOUSTON STREET       SAN ANTONIO    TX        78207     SFR          6/1/27  
    3326907   3326907AD    HANEY         406 DAMON STREET               PLANT CITY     FL        33566     SFR          6/1/27  
    3326915   3326915AD    EVANS         495 SUNLINER DRIVE             NASHVILLE      TN        37209     SFR          6/1/27  
    3326923   3326923AD    VALERUS       11501 NORTHWEST 30TH PLACE     SUNRISE        FL        33323     SFR          6/1/27  
    3326931   3326931AD    LISCHIN       6110 NORTHWEST 18TH STREET     SUNRISE        FL        33313     SFR          6/1/27  

<CAPTION>
 Servicer            07/01/97        Current    Current            Occupancy  Original                                    Due
Loan Number     Scheduled Balance      Rate   P&I Payment  LTV     Status       Term    Servicer       Originator         Date
- - -----------     -----------------      ----   -----------  ---     ------       ----    --------       ----------         ----
<S>               <C>                 <C>      <C>         <C>     <C>           <C>     <C>      <C>                    <C>
    3305257       $   400,000.00       10.2    $3,569.55   71.43   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3305273       $   308,000.00        8.2    $2,303.08   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3305281       $    41,000.00      13.25    $  461.57   55.78   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3305299       $    95,900.00        7.7    $  683.73   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3305323       $    45,600.00       11.5    $  451.57   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3305356       $    39,000.00      14.13    $  466.12   65.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3305372       $    18,600.00      11.85    $  189.18   60.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3305380       $    38,500.00      10.35    $  422.01   70.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3305414       $    77,400.00      10.88    $  873.90   90.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3305448       $    40,950.00      12.58    $  439.59   65.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3305455       $    40,000.00       8.99    $  321.56   44.44   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3305463       $    72,800.00      10.78    $  681.22   65.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3305489       $    19,500.00       9.85    $  168.97   76.47   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3305497       $    26,250.00      11.63    $  262.56   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3305521       $    52,000.00      10.95    $  493.24   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3305539       $   114,750.00       10.5    $1,049.66   85.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3311230       $   104,550.00       10.5    $  956.36   85.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3311248       $    78,750.00       8.85    $  625.16   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3311255       $   280,000.00       8.95    $2,242.88   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3311271       $    56,250.00       10.5    $  621.79   74.01   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3311289       $    39,000.00      13.63    $  450.70   60.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3311305       $    78,750.00       9.08    $  802.49   75.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3311339       $   110,250.00       9.85    $  955.32   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3311354       $    30,000.00      11.73    $  354.86   53.57   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3311370       $    53,602.00       11.5    $  530.82   78.83   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3311388       $    62,000.00       10.9    $  585.76   64.58   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3311412       $    85,000.00       9.95    $  742.80   58.62   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3311438       $    36,000.00        9.7    $  307.97   49.66   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3311446       $    34,000.00      12.38    $  359.70   85.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3311453       $    30,750.00      12.58    $  330.09   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3311461       $    63,200.00       9.25    $  650.45   80.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3311479       $   140,000.00      10.63    $1,294.26   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3311503       $    85,800.00      11.08    $  822.28   65.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3311529       $    49,500.00      10.95    $  561.06   75.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3326543       $    28,700.00      12.58    $  308.09   70.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3326550       $    88,350.00       10.5    $  808.17   71.83   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3326618       $    85,000.00       9.25    $  699.27   84.16   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3326634       $    60,000.00       8.85    $  476.31   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3326675       $    84,000.00        7.7    $  598.89   63.16   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3326683       $    90,000.00       8.95    $  720.92   82.57   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3326691       $   108,500.00       10.5    $  992.49   84.77   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3326709       $    56,000.00       8.95    $  448.58   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3326717       $    19,000.00       11.1    $  217.15   48.72   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3326733       $    71,750.00      10.88    $  676.79   70.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3326741       $   120,400.00        9.2    $  986.14   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3326758       $    45,000.00        9.6    $  472.62   75.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3326766       $    56,000.00       10.7    $  625.98   62.22   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3326774       $   177,000.00       8.45    $1,354.71   59.40   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3326832       $    48,750.00      11.25    $  473.49   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3326840       $    82,500.00       10.5    $  754.66   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3326865       $    54,600.00      10.85    $  513.79   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3326873       $    50,600.00      10.25    $  453.43   39.69   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3326881       $    45,000.00      10.65    $  416.69   64.75   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3326899       $    31,200.00       11.9    $  318.53   65.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3326907       $    25,000.00       9.83    $  216.26   67.57   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3326915       $    85,200.00      10.25    $  763.48   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3326923       $    81,750.00        9.1    $  663.67   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3326931       $    52,500.00       13.2    $  588.97   67.31   OWNER         360     ADVANTA         AMRESCO         7/1/97
</TABLE>

                                     Page 4
<PAGE>

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

<TABLE>
<CAPTION>
 Servicer      AMRESCO     Last                                                                  Zip       Property     Maturity
Loan Number  Loan Number   Name          Address                        City           State     Code      Type           Date
- - -----------  -----------   ----          -------                        ----           -----     ----      ----           ----  
<S>           <C>          <C>           <C>                            <C>            <C>       <C>       <C>          <C>
    3326956   3326956AD    GRIFFIN       5014 EAST 27TH                 WICHITA        KS        67203     SFR          6/1/27  
    3326964   3326964AD    SMITH         6515 STATE ROUTE 132           GOSHEN         OH        45122     SFR          6/1/27  
    3327004   3327004AD    CROVO         1044 PIONEER DRIVE             DELTONA        FL        32725     SFR          6/1/27  
    3327020   3327020AD    HEIMERT       1498 QUINCE COVE               MEMPHIS        TN        38119     SFR          6/1/27  
    3327046   3327046AD    BOHN          6 VIRGINIA AVENUE              CUMBERLAND     MD        21502     SFR          6/1/27  
    3331972   3331972AD    EGAN          5329 CONROY STREET             FORT WORTH     TX        76134     SFR          6/1/27  
    3331980   3331980AD    BEAVER        1514 SOUTH WALNUT STREET       SHERMAN        TX        75090     SFR          6/1/27  
    3332012   3332012AD    GUITON        1989 OAKVIEW DRIVE             OAKLAND        CA        94602     SFR          6/1/27  
    3332020   3332020AD    FORSYTH       4304 MAYWOOD DRIVE             BRYAN          TX        77801     SFR          6/1/27  
    3332038   3332038AD    CAPODILUPO    50-80 EDWARD ROY DRIVE         MANCHESTER     NH        3102      CONDO        6/1/27  
    3332046   3332046AD    WEAVER        1570 NORTHWEST 5TH AVENUE      POMPANO BEA    FL        33060     SFR          6/1/27  
    3332053   3332053AD    KAHOOPII      LOT 56 HAINA CAMP              HONOKAA        HI        96727     SFR          6/1/27  
    3332079   3332079AD    JONES         4805 PERINA WAY                NORTH HIGHL    CA        95660     SFR          6/1/27  
    3332095   3332095AD    STOKE         1930 LAKESHORE BOULEVARD       LAKEPORT       CA        95453     SFR          6/1/27  
    3332103   3332103AD    HOLMES        781 MCALISTER STREET           BENTON HARB    MI        49022     SFR          6/1/27  
    3332111   3332111AD    WEBB          2089 PARK TRAIL ROAD           BALTIMORE      MD        21244     SFR          6/1/27  
    3332129   3332129AD    DOVE          HC-62 BOX 146-K                GREAT CACAP    WV        25422     MANUF HM     6/1/12  
    3332145   3332145AD    MAIKUI        LOT #2 KUKUI VILLAGE CAMP      OOKALA         HI        96774     SFR          6/1/27  
    3332152   3332152AD    GENTRY        3407 BRUSH MOUNTAIN TRAIL      FERNDALE       AR        72122     SFR          6/1/27  
    3332186   3332186AD    OVCHINNIKOV   32737 SOUTH MORCOM ROAD        WOODBURN       OR        97071     MANUF HM     6/1/27  
    3332194   3332194AD    CORTEZ        7309 BRACE STREET              HOUSTON        TX        77061     SFR          6/1/12  
    3332202   3332202AD    WELLS         4127 NORROSE DRIVE             INDIANAPOLI    IN        46226     SFR          6/1/27  
    3332236   3332236AD    BAHENA        1127 EAST 30TH STREET          NATIONAL CI    CA        91950     SFR          6/1/27  
    3332244   3332244AD    SWAIN         4805 EAST DEERPARK MILAN R     CHATTAROY      WA        99003     SFR          6/1/27  
    3332269   3332269AD    EASLEY        5341 YOCUM STREET              PHILADELPHI    PA        19143     SFR          6/1/27  
    3332285   3332285AD    MCGHIE        8285 SOUTHWEST 178TH TERRA     MIAMI          FL        33157     SFR          6/1/12  
    3332301   3332301AD    REESE         14220 NORTHWEST 23RD COURT     MIAMI          FL        33054     SFR          6/1/12  
    3332319   3332319AD    RENWICK       1308 HACKAMORE STREET          MESQUITE       TX        75149     SFR          6/1/12  
    3332327   3332327AD    DE RAMIREZ    3301 COOK STREET               DENVER         CO        80205     SFR          6/1/27  
    3332335   3332335AD    LEE           706 RACE STREET                PARKERSBURG    WV        26101     SFR          6/1/27  
    3332343   3332343AD    COOK          2609 SIXTH STREET              MUSKEGON HE    MI        49444     2-4 UNITS    6/1/12  
    3332376   3332376AD    DELGADO       3717 ASCOT LANE                HOUSTON        TX        77092     SFR          6/1/27  
    3332392   3332392AD    COLLINS       418 BREWER STREET              THOMASVILLE    NC        27360     SFR          6/1/27  
    3332400   3332400AD    DIBUONO       6916 BOYSENBERRY WAY           COLORADO SP    CO        80918     SFR          6/1/27  
    3332426   3332426AD    PARK          11-3489 PIKAKE ROAD            MOUNTAIN VI    HI        96771     SFR          6/1/27  
    3332467   3332467AD    KING          3433 CLIFFSIDE DRIVE           CIBOLO         TX        78108     SFR          6/1/12  
    3332475   3332475AD    PATTERSON     RT 2 BOX 363                   TELL CITY      IN        47586     SFR          5/1/27  
    3332509   3332509AD    BAILADO       LOT 56 PAAUILO MILL CAMP       PAAUILO        HI        96776     SFR          6/1/27  
    3332517   3332517AD    PERKINS       1331 O STREET                  RIO LINDA      CA        95673     SFR          6/1/27  
    3332525   3332525AD    JEFFS         13951 SOUTH 7015 WEST          RIVERTON       UT        84065     SFR          6/1/27  
    3332533   3332533AD    FERNANDEZ     LOT 6 KUKUI VILLAGE            OOKALA         HI        96774     SFR          6/1/27  
    3332541   3332541AD    HUDSON        4605 WOOLWORTH                 HOUSTON        TX        77026     SFR          6/1/27  
    3332574   3332574AD    RICE          14008 EAGLE COURT              MONTGOMERY     MD        20853     SFR          6/1/12  
    3332590   3332590AD    CAMPBELL      41248 CRISPI LANE              PALMDALE       CA        93551     SFR          6/1/27  
    3332608   3332608AD    TATE          4635 MCALPINE AVENUE           MORGANTON      NC        28655     SFR          6/1/27  
    3332616   3332616AD    FOUGHT        1328 BROADWAY AVENUE           PARKERSBURG    WV        26101     2-4 UNITS    6/1/27  
    3332632   3332632AD    APODACA       1701 EAST 11TH STREET          PUEBLO         CO        81001     SFR          6/1/27  
    3332665   3332665AD    KOSOBUCKI     4837 WEST 107TH STREET         OAKLAWN        IL        60453     SFR          6/1/12  
    3332681   3332681AD    SAFFORD       809 PIRTLE                     LA MARQUE      TX        77568     2-4 UNITS    6/1/27  
    3332707   3332707AD    GILCHRIST     4846 BOWLAND AVENUE            BALTIMORE      MD        21206     SFR          6/1/27  
    3332731   3332731AD    LEE           2421 PAUOA ROAD                HONOLULU       HI        96813     SFR          6/1/27  
    3332806   3332806AD    BIGLER        171 TAFT AVENUE                VENTURA        CA        93003     SFR          7/1/27  
    3332822   3332822AD    TORRES        12590 NORTHEAST 16TH AVENU     MIAMI          FL        33161     CONDO        6/1/12  
    3332830   3332830AD    JONES         5466 GRASMERE AVENUE           MAPLE HEIGH    OH        44137     SFR          6/1/27  
    3332848   3332848AD    SMITH         504 JACQUELINE AVENUE          VIRGINIA BE    VA        23462     SFR          6/1/27  
    3332855   3332855AD    BOUDREAUX     223 ENA STREET                 LAFAYETTE      LA        70501     SFR          6/1/12  
    3332871   3332871AD    WRAY          4603 EATON DRIVE               SUITLAND       MD        20746     SFR          6/1/27  
    3332889   3332889AD    DOUGLAS       7113 BELTZ DRIVE               FORESTVILLE    MD        20747     SFR          6/1/27  

<CAPTION>
 Servicer            07/01/97        Current    Current            Occupancy  Original                                    Due
Loan Number     Scheduled Balance      Rate   P&I Payment  LTV     Status       Term    Servicer       Originator         Date
- - -----------     -----------------      ----   -----------  ---     ------       ----    --------       ----------         ----
<S>               <C>                 <C>      <C>         <C>     <C>           <C>     <C>      <C>                    <C>
    3326956       $    50,625.00      13.08    $  563.18   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3326964       $    48,000.00      11.73    $  483.78   60.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3327004       $    54,825.00      10.99    $  521.70   85.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3327020       $    83,300.00         10    $  731.02   85.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3327046       $    24,000.00      12.83    $  262.30   50.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3331972       $    31,125.00      11.08    $  298.29   75.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3331980       $    22,602.43       12.5    $  245.04   82.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332012       $   159,000.00        8.2    $1,188.93   40.77   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332020       $    60,750.00       12.2    $  634.25   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332038       $    33,000.00       9.83    $  285.46   75.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3332046       $    60,900.00       16.5    $  843.56   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332053       $    80,800.00       8.85    $  641.43   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332079       $    50,000.00        8.2    $  373.88   64.94   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332095       $   105,000.00         10    $  921.45   74.47   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332103       $    24,375.00       12.4    $  258.25   65.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332111       $    48,000.00      11.89    $  489.67   64.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3332129       $    43,750.00       11.7    $  516.66   70.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3332145       $    70,000.00        9.5    $  588.60   58.33   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332152       $    86,250.00       11.2    $  834.44   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332186       $   114,000.00        8.7    $  892.77   63.33   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332194       $    33,300.00       12.5    $  410.43   60.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3332202       $    25,000.00       11.4    $  245.67   62.50   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332236       $    97,500.00        9.5    $  819.83   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332244       $    54,500.00      10.63    $  503.84   36.33   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332269       $    25,550.00      16.13    $  346.27   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332285       $    90,000.00         11    $1,022.94   37.50   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3332301       $    30,000.00       8.75    $  299.83   75.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3332319       $    62,800.00       10.7    $  702.00   80.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3332327       $    72,000.00      10.45    $  655.92   65.45   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332335       $    39,825.00       11.2    $  385.29   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332343       $    32,500.00      10.51    $  359.46   65.00   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3332376       $   112,400.00         12    $1,156.16   74.98   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332392       $    43,500.00      12.13    $  451.80   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332400       $   148,000.00       9.85    $1,282.43   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332426       $   189,000.00      8.375    $1,436.54   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332467       $    43,750.00       10.7    $  489.05   70.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3332475       $    85,564.11      10.25    $  767.06   80.00   OWNER         360     ADVANTA         AMRESCO         6/1/97
    3332509       $    72,000.00       8.95    $  576.74   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332517       $    79,000.00        8.2    $  590.73   68.70   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332525       $   224,000.00       8.95    $1,794.30   87.84   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332533       $    60,000.00       8.95    $  480.62   50.42   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332541       $    24,750.00      10.95    $  234.77   70.71   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332574       $    30,000.00      10.98    $  340.60   18.63   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3332590       $   157,250.00      10.75    $1,467.90   85.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332608       $    55,250.00      12.13    $  573.84   85.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332616       $    34,920.00       13.1    $  389.02   60.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332632       $    31,200.00       12.1    $  323.33   60.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332665       $    80,000.00       8.83    $  803.34   48.78   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3332681       $    34,320.00      12.58    $  368.41   55.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3332707       $    36,600.00      13.63    $  422.97   60.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332731       $   420,000.00        9.1    $3,409.68   79.25   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332806       $   100,000.00       9.99    $  876.83   58.82   OWNER         360     ADVANTA         AMRESCO         8/1/97
    3332822       $    25,600.00       9.85    $  272.75   80.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3332830       $    52,500.00       9.75    $  451.06   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332848       $    67,600.00      11.63    $  676.15   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332855       $    19,000.00      10.96    $  215.48   65.52   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3332871       $   114,000.00      10.23    $1,019.86   83.82   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3332889       $   104,000.00      10.58    $  957.55   75.91   OWNER         360     ADVANTA         AMRESCO         7/1/97
</TABLE>           


                                     Page 5
<PAGE>

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

<TABLE>
<CAPTION>
 Servicer      AMRESCO     Last                                                                  Zip       Property     Maturity
Loan Number  Loan Number   Name          Address                        City           State     Code      Type           Date
- - -----------  -----------   ----          -------                        ----           -----     ----      ----           ----  
<S>           <C>          <C>           <C>                            <C>            <C>       <C>       <C>          <C>
    3332905   3332905AD    ABRAN         HAINA CAMP 4                   HAINA          HI        96727     SFR          6/1/27  
    3338837   3338837AD    SCOTT         17040 2ND AVENUE NORTHEAST     SEATTLE        WA        98155     SFR          6/1/27  
    3338845   3338845AD    HOBBS         1809 PARK ROAD                 JACKSON        MI        49203     SFR          6/1/27  
    3338852   3338852AD    RICHARDSON    65870 14TH STREET              DESERT HOT     CA        92240     SFR          6/1/27  
    3338860   3338860AD    FOSTER        11335 BRAILE                   DETROIT        MI        48228     SFR          6/1/27  
    3338936   3338936AD    GUZMAN        13913 KERSHAW                  HOUSTON        TX        77037     SFR          6/1/27  
    3338951   3338951AD    PEDERSON      727 NORTH EVERGREEN AVENUE     ARLINGTON H    IL        60004     SFR          6/1/12  
    3338977   3338977AD    MCGEE         102 PINE DRIVE                 HATTIESBURG    MS        39401     SFR          6/1/27  
    3338993   3338993AD    THOMAS        900 LARAMORE DRIVE             LAS VEGAS      NV        89119     SFR          6/1/27  
    3339009   3339009AD    JOHNSON       327 WEST BARTLETTE STREET      SUMTER         SC        29150     SFR          6/1/27  
    3339017   3339017AD    CHERRY        135 WEST CURTIS AVENUE         PASADENA       TX        77502     SFR          6/1/12  
    3339074   3339074AD    SANDBOTHE     3740 & 3748 PARSONS ROAD       SPRINGDALE     AR        72764     2-4 UNITS    6/1/27  
    3342169   3342169AD    BOSQUE        317 & 317A KENOLIO ROAD        KIHEI          HI        96753     CONDO        6/1/27  
    3342177   3342177AD    NEKUDA        186 FORT STREET                OMAHA          NE        68110     SFR          6/1/12  
    3342185   3342185AD    PEOPLES       2836 CORNELIUS DRIVE           SAN PABLO      CA        94806     SFR          6/1/27  
    3342201   3342201AD    ZANDER        211 EAST 1ST STREET            MILAN          MO        63556     SFR          6/1/27  
    3342219   3342219AD    TAYLOR        5525 SOUTH WOOD                CHIICAGO       IL        60609     2-4 UNITS    6/1/27  
    3342250   3342250AD    GENTSCH       5530 PASCHALL AVENUE           PHILADELPHI    PA        19143     SFR          6/1/27  
    3342268   3342268AD    GENTSCH       5542 PASCHALL AVENUE           PHILADELPHI    PA        19143     SFR          6/1/27  
    3342276   3342276AD    LICEAGA       5486 105TH AVENUE              SOUTH HAVEN    MI        49450     2-4 UNITS    6/1/12  
    3342292   3342292AD    NEWBORN       3295 JEWELL ROAD               MEMPHIS        TN        38128     SFR          6/1/12  
    3342300   3342300AD    AMADI         3175 NORTH 10TH STREET         MILWAUKEE      WI        53206     SFR          6/1/27  
    3342318   3342318AD    GUZMAN        2418 MANN STREET               HOUSTON        TX        77093     SFR          6/1/27  
    3342334   3342334AD    STRICKLAND    35 SHEPPARD DRIVE              ASHEVILLE      NC        28806     SFR          6/1/27  
    3342342   3342342AD    ROBERTSON     508 HAWTHORNE ROAD             LINTHICUM      MD        21090     SFR          6/1/27  
    3342359   3342359AD    GENTSCH       5508 LINMORE STREET            PHILADELPHI    PA        19143     SFR          6/1/12  
    3342375   3342375AD    GARRETT       281 NORTHWEST 82ND STREET      MIAMI          FL        33150     2-4 UNITS    6/1/27  
    3342391   3342391AD    LIBERMAN      9234 BARBERRY LANE             DES PLAINES    IL        60016     SFR          6/1/27  
    3342425   3342425AD    BROOKS        1426 NORTH MASSASOIT           CHICAGO        IL        60651     SFR          6/1/27  
    3348570   3348570AD    SAGUM         9244 ARGYLE                    OVERLAND       MO        63114     SFR          6/1/27  
    3348612   3348612AD    MARKOWSKI     2108 EASTERN AVE               SACRAMENTO     CA        95864     SFR          6/1/27  
    3348638   3348638AD    TORRES-CRUZ   291 EAST STATE STREET          EL CENTRO      CA        92243     SFR          6/1/27  
    3348646   3348646AD    NOLEN         1144 90TH AVENUE               OAKLAND        CA        94603     2-4 UNITS    7/1/27  
    3348653   3348653AD    TEW           2888 FAIRHILL DRIVE            JACKSON        MS        39212     SFR          6/1/27  
    3348661   3348661AD    MIDGE         314 HARBOR LANE NORTH          PLYMOUTH       MN        55447     SFR          6/1/27  
    3348679   3348679AD    REYES         6325 SOUTHEAST 61ST AVENUE     PORTLAND       OR        97206     SFR          6/1/27  
    3348687   3348687AD    MARES         39395 NORTH LEWIS              BEACH PARK     IL        60099     SFR          6/1/27  
    3348695   3348695AD    MORTON        1486 HEATHCLIFF DRIVE          MEMPHIS        TN        38134     SFR          6/1/12  
    3348703   3348703AD    COKEWELL      43347 SOUTHEAST MOUNT SI.      NORTH BEND     WA        98045     MANUF HM     6/1/27  
    3348729   3348729AD    BROOKS        3303 WAGENER ROAD              AIKEN          SC        29801     SFR          6/1/27  
    3348737   3348737AD    KIMBELL       5871- 5873 1/2 BONSALLO AV     LOS ANGELES    CA        90044     2-4 UNITS    7/1/27  
    3348760   3348760AD    HOUSE         4036 WEST 104TH PLACE          WESTMINSTER    CO        80030     SFR          6/1/27  
    3348778   3348778AD    HARVEY        36235 HORSESHOE  DRIVE         ZEPHYRHILLS    FL        33541     SFR          6/1/27  
    3348786   3348786AD    SCOTT         6377 BROOKS MANOR COVE         MEMPHIS        TN        38119     SFR          6/1/27  
    3348802   3348802AD    LEMOINE       8741 DUNN STREET               METAIRIE       LA        70003     SFR          6/1/27  
    3348851   3348851AD    GREEN         117 CORAL AVENUE               NATCHEZ        MS        39120     SFR          6/1/12  
    3348869   3348869AD    SPAUGH        1259 PEACHTREE STREET          WINSTON SAL    NC        27107     SFR          6/1/27  
    3348893   3348893AD    MOSLEY        915 37TH AVENUE                MERIDIAN       MS        39301     SFR          6/1/12  
    3348943   3348943AD    GRANT         20817 THIRD AVENUE             PETERSBURG     VA        23831     SFR          6/1/27  
    3348950   3348950AD    KRYSZTOFIAK   2561 SOUTH 69TH STREET         PHILADELPHI    PA        19142     SFR          6/1/12  
    3348968   3348968AD    LASSITER      11560 SOUTHWEST 10TH COURT     PEMBROKE PI    FL        33025     SFR          6/1/27  
    3367968   3367968AD    PARK          8525 WHITE ROSE DR.            ORLANDO        FL        32818     SFR          4/1/12  
    3367976   3367976AD    RAYFORD       3918 SAVOY COURT               LAS VEGAS      NV        89115     SFR          5/1/12  
    3367984   3367984AD    MAHONEY       1929 TANGLEWOOD RD             JACKSONVILL    FL        32250     SFR          5/1/12  
    3368008   3368008AD    KNOWLES       731 W. LAKEWOOD RD             W. PALM BEA    FL        33405     SFR          5/1/27  
    3368016   3368016AD    NORMAN        16558 E. QUEENSIDE DR.         COVINA         CA        91722     SFR          5/1/27  
    3368040   3368040AD    PASQUINO      2900 WAREHAM CT                CASSELBERRY    FL        32707     TWNHS        5/1/12  
    3368057   3368057AD    VALENTE       3809 GATEWOOD DR.              SARASOTA       FL        34232     SFR          5/1/12  

<CAPTION>
 Servicer            07/01/97        Current    Current            Occupancy  Original                                    Due
Loan Number     Scheduled Balance      Rate   P&I Payment  LTV     Status       Term    Servicer       Originator         Date
- - -----------     -----------------      ----   -----------  ---     ------       ----    --------       ----------         ----
<S>               <C>                 <C>      <C>         <C>     <C>           <C>     <C>      <C>                    <C>
    3332905       $    80,500.00       9.95    $  703.47   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3338837       $   108,500.00       8.35    $  822.76   78.62   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3338845       $    50,750.00       9.75    $  436.02   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3338852       $    63,000.00      10.95    $  597.58   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3338860       $    31,850.00       11.4    $  312.98   65.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3338936       $    78,750.00       11.7    $  791.89   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3338951       $    35,000.00       9.63    $  368.23   19.77   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3338977       $    45,000.00       11.2    $  435.36   70.31   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3338993       $    90,000.00       10.7    $  836.75   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3339009       $    23,000.00      10.96    $  218.34   64.79   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3339017       $    33,000.00      11.48    $  385.08   60.00   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3339074       $    48,750.00      13.08    $  542.32   65.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3342169       $   179,000.00        8.2    $1,338.48   67.55   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3342177       $    36,000.00         12    $  432.06   90.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3342185       $    40,000.00        8.2    $  299.10   27.97   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3342201       $    19,950.00         13    $  220.69   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3342219       $    58,100.00      13.46    $  663.66   70.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3342250       $    21,000.00      11.71    $  211.33   70.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3342268       $    20,300.00      11.71    $  204.29   70.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3342276       $    61,000.00       9.88    $  651.04   71.77   OWNER         180     ADVANTA      FRANKLIN MTG       7/1/97
    3342292       $    20,000.00        9.5    $  208.84   44.44   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3342300       $    24,700.00      13.21    $  277.29   65.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3342318       $    35,000.00      12.08    $  362.17   70.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3342334       $    71,955.00      12.16    $  749.01   65.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3342342       $   120,000.00      10.58    $1,104.87   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3342359       $    19,125.00      11.71    $  225.98   75.00   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3342375       $    64,500.00      11.48    $  637.75   75.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3342391       $   109,600.00      10.33    $  988.65   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3342425       $    56,000.00      16.13    $  758.94   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3348570       $    33,750.00      12.35    $  356.28   75.00   OWNER         360     ADVANTA    EDGE MTG SERVICES    7/1/97
    3348612       $   101,500.00        7.7    $  723.65   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3348638       $    60,000.00      10.75    $  560.09   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3348646       $    70,000.00        7.7    $  499.07   48.95   OWNER         360     ADVANTA         AMRESCO         8/1/97
    3348653       $    42,000.00      10.75    $  392.06   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3348661       $    84,000.00      12.13    $  872.45   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3348679       $    63,000.00      10.33    $  568.29   70.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3348687       $    45,500.00      12.88    $  499.06   57.60   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3348695       $    23,000.00       8.95    $  232.60   29.49   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3348703       $   122,500.00       9.95    $1,070.50   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3348729       $    66,500.00      10.83    $  624.77   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3348737       $   140,000.00       9.08    $1,134.54   73.68   NON OWNER     360     ADVANTA         AMRESCO         8/1/97
    3348760       $   252,000.00        8.7    $1,973.49   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3348778       $    64,000.00      11.75    $  646.02   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3348786       $   220,000.00       9.95    $1,922.53   79.42   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3348802       $    23,000.00       9.75    $  197.61   51.11   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3348851       $    47,345.00       10.5    $  523.35   85.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3348869       $    34,500.00      13.26    $  388.66   60.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3348893       $    27,000.00       9.83    $  287.34   75.00   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3348943       $    35,750.00      11.89    $  364.70   65.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3348950       $    24,000.00      11.88    $  286.19   80.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3348968       $   103,250.00       9.49    $  867.43   70.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3367968       $   119,086.62      11.58    $1,187.71   80.00   OWNER         360     ADVANTA   ALTERNATIVE LENDING   6/1/97
    3367976       $    81,174.05       11.5    $  804.12   80.00   OWNER         360     ADVANTA   ALTERNATIVE LENDING   6/1/97
    3367984       $    99,747.45        9.5    $  840.86   79.37   OWNER         360     ADVANTA   ALTERNATIVE LENDING   6/1/97
    3368008       $    56,233.65      11.93    $  575.57   67.77   OWNER         360     ADVANTA   ALTERNATIVE LENDING   6/1/97
    3368016       $   125,738.12        9.5    $1,057.80   85.00   OWNER         360     ADVANTA   ALTERNATIVE LENDING   6/1/97
    3368040       $    47,585.12       11.6    $  475.01   85.00   OWNER         360     ADVANTA   ALTERNATIVE LENDING   6/1/97
    3368057       $   107,956.43      10.43    $  982.27   78.26   OWNER         360     ADVANTA   ALTERNATIVE LENDING   6/1/97
</TABLE>           


                                     Page 6
<PAGE>

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

<TABLE>
<CAPTION>
 Servicer      AMRESCO     Last                                                                  Zip       Property     Maturity
Loan Number  Loan Number   Name          Address                        City           State     Code      Type           Date
- - -----------  -----------   ----          -------                        ----           -----     ----      ----           ----  
<S>           <C>          <C>           <C>                            <C>            <C>       <C>       <C>          <C>
    3368867   3368867AD    BATALONA      LOT  #36 PAAUILO MAUKA CAM     HONOKAA        HI        96776     SFR          6/1/27  
    3368875   3368875AD    JEROME        19246 GUAVA STREET SOUTHWE     ROCHESTER      WA        98579     SFR          6/1/27  
    3368883   3368883AD    FOX           1160 CHARGENE WAY              SACRAMENTO     CA        95822     SFR          6/1/27  
    3368891   3368891AD    DELAVAN       6408 MONTEVERDE COURT          CITRUS HEIG    CA        95621     SFR          6/1/27  
    3368909   3368909AD    WILLIAMS      7926 HILLMONT DRIVE            OAKLAND        CA        94605     SFR          6/1/27  
    3368917   3368917AD    MINES         1122 MORELAND PLACE            ATLANTA        GA        30316     SFR          6/1/27  
    3368958   3368958AD    KING          568 SOUTH ENGLISH              MARSHALL       MO        65340     SFR          6/1/27  
    3368966   3368966AD    HARBAUGH      ROAD1 BOX 272                  OSTERBURG      PA        16667     MANUF HM     6/1/12  
    3368974   3368974AD    WRIGHT        7325 ROLLINGWOOD BOULEVARD     CITRUS HEIG    CA        95621     SFR          7/1/27  
    3368982   3368982AD    MCPHERSON     7928 NORTHWEST 1ST STREET      MARGATE        FL        33063     SFR          6/1/27  
    3368990   3368990AD    MAY           1116 WEST  VIRGINIA STREET     EVANSVILLE     IN        47710     SFR          6/1/12  
    3369006   3369006AD    ELLIS         6764 SOUTH 2240 EAST           SALT LAKE C    UT        84121     SFR          6/1/27  
    3369014   3369014AD    KITCHENS      5894 HIGHWAY 22 NORTH          EDWARD         MS        39066     SFR          6/1/12  
    3369030   3369030AD    SCHAFER       5304 SCENIC RIDGE TRAIL        MIDDLETON      WI        53562     SFR          6/1/27  
    3369048   3369048AD    PERRYMAN      417 COTTONWOOD DRIVE           NASHVILLE      TN        37217     SFR          6/1/27  
    3369055   3369055AD    WOOD          169 HAZELCREST DRIVE           JACKSON        MS        39212     SFR          6/1/12  
    3369071   3369071AD    ROMERO        2435 MORLEY STREET             SIMI VALLEY    CA        93065     SFR          6/1/27  
    3369089   3369089AD    KVEDROVICZ    29 WEST UNION STREET           NANTICOKE      PA        18634     2-4 UNITS    6/1/27  
    3369097   3369097AD    MICKIEL       7659 SOUTH HONORE STREET       CHICAGO        IL        60620     SFR          6/1/12  
    3369139   3369139AD    MCGRIFF       1467 NORTHWEST 98TH STREET     MIAMI          FL        33147     SFR          6/1/27  
    3369147   3369147AD    MEYER         W 145 S 7050 BRENTWOOD DRI     MUSKEGO        WI        53150     SFR          6/1/27  
    3369154   3369154AD    VIGIL         602 CURTIS STREET & 111 EV     BRUSH          CO        80723     SFR          6/1/27  
    3369196   3369196AD    ARNOLD        101 DAMMERON VALLEY DRIVE      DAMERON VAL    UT        84783     SFR          6/1/27  
    3369204   3369204AD    COOPER        1426 MILL STREET               PITTSBURGH     PA        15221     SFR          6/1/27  
    3369212   3369212AD    LOWRY         16320 SOUTHEAST MARKET STR     PORTLAND       OR        97233     SFR          7/1/27  
    3369246   3369246AD    DE LA TORRE   31-620 SAN ELJAY AVENUE        CATHEDRAL C    CA        92234     SFR          6/1/27  
    3371218   3371218AD    ATAYAN        101 TWIN PEAKS DR.             WALNUT CREE    CA        94595     SFR          5/1/27  
    3371234   3371234AD    CHEN LAI      828 42ND AVE                   SAN FRANCIS    CA        94121     SFR          5/1/27  
    3371242   3371242AD    PASTOR        619 HALELA ST.                 KAILUA         HI        96734     SFR          5/1/27  
    3371291   3371291AD    HILUA         91-694 AIKANAKA RD             EWA BEACH      HI        96706     SFR          6/1/12  
    3371309   3371309AD    BADANGUIO     4229 KEAKA DR.                 HONOLULU       HI        96818     SFR          5/1/27  
    3377603   3377603AD    WOODRUFF      1177 PLEASANT OAKS DRIVE       LEWISVILLE     TX        75067     SFR          6/1/27  
    3377611   3377611AD    CONLEY        4351 NORTHWEST 173RD DRIVE     MIAMI          FL        33055     SFR          6/1/12  
    3377629   3377629AD    FROSSARD      3888 HARTFORD STREET           ST. LOUIS      MO        63116     SFR          5/1/27  
    3377645   3377645AD    PALMER        8909 GOODFELLOW                ST LOUIS       MO        63147     SFR          6/1/27  
    3377660   3377660AD    ELLIS         5935 NORTH 13TH STREET         PHILADELPHI    PA        191413221 SFR          5/1/27  
    3377678   3377678AD    BROWN         RR4 BOX 550B                   MCKINNEY       TX        75070     SFR          5/1/27  
    3377694   3377694AD    AMARO         5530 ZARZAMORA STREET          SAN ANTONIO    TX        78211     2-4 UNITS    6/1/12  
    3377702   3377702AD    BURRIS        21821 SOUTHEAST 266TH STRE     MAPLE VALLE    WA        98038     SFR          6/1/27  
    3377744   3377744AD    BROOME        3235 X STREET                  SACRAMENTO     CA        95817     SFR          6/1/27  
    3377751   3377751AD    WILLIAMS      26208 HUNTER LANE              KATY           TX        77494     SFR          6/1/27  
    3377785   3377785AD    BAILEY        1175 WESTMINSTER AVENUE        EAST PALO A    CA        94303     SFR          6/1/27  
    3377793   3377793AD    TUNIS         64 ABBOTTS POND ROAD           GREENWOOD      DE        19950     MANUF HM     6/1/12  
    3377801   3377801AD    JOHNSON       10318 CORLISS AVENUE           CHICAGO        IL        60628     SFR          6/1/27  
    3377835   3377835AD    CARDOSA       535 7 MILE ROAD NORTHEAST      COMSTOCK  P    MI        49321     SFR          6/1/12  
    3377850   3377850AD    NAVOR         4025 PALIKEA STREET            LIHUE          HI        96766     SFR          6/1/27  
    3377868   3377868AD    IRELAN-BAIRD  11213 NORTHEAST WARD ROAD      BRUSH PRAIR    WA        98606     MANUF HM     6/1/27  
    3377918   3377918AD    CHEPES        13794 SPERRY ROAD              NOVELTY        OH        44072     SFR          6/1/27  
    3377926   3377926AD    MARTINEZ      2926 BALTIMORE AVENUE          PUEBLO         CO        81008     SFR          6/1/12  
    3377942   3377942AD    PRIDE         5364 NORTH TUBMAN DRIVE        JACKSONVILL    FL        32219     SFR          6/1/27  
    3378007   3378007AD    COLE          10112 RANSOM ROAD              MONROEVILLE    OH        44847     SFR          6/1/27  
    3378049   3378049AD    ALANIZ        9744 SOUTHWEST 210 TERRACE     MIAMI          FL        33189     SFR          6/1/27  
    3378056   3378056AD    DONAHOE       2603 SADDLE CREEK ROAD         AUBURNDALE     FL        33823     SFR          6/1/12  
    3378064   3378064AD    WARD          8902 SAPPHIRE AVENUE           WESTMINSTER    CA        92683     SFR          6/1/27  
    3378098   3378098AD    GARRISON      456 WEST HENDERSON STREET      MONTPELIER     IN        47359     SFR          6/1/27  
    3378106   3378106AD    DAVIDSON      6959 SANDYBROOK DRIVE          FORT WORTH     TX        76120     SFR          6/1/27  
    3378114   3378114AD    DAVIDSON      540 ELDERWOOD TRAIL            FORT WORTH     TX        76140     SFR          6/1/27  
    3378130   3378130AD    ROUTSZONG     790 HOMECREST DRIVE            PIGGOTT        AR        72454     SFR          6/1/27  

<CAPTION>
 Servicer            07/01/97        Current    Current            Occupancy  Original                                    Due
Loan Number     Scheduled Balance      Rate   P&I Payment  LTV     Status       Term    Servicer       Originator         Date
- - -----------     -----------------      ----   -----------  ---     ------       ----    --------       ----------         ----
<S>               <C>                 <C>      <C>         <C>     <C>           <C>     <C>      <C>                    <C>
    3368867       $    60,000.00        9.1    $  487.10   60.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3368875       $   120,000.00       11.2    $1,160.96   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3368883       $    45,000.00        8.2    $  336.49   24.32   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3368891       $    62,000.00        7.7    $  442.04   45.26   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3368909       $   139,500.00       9.75    $1,198.52   75.41   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3368917       $    39,000.00       12.4    $  413.21   54.93   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3368958       $    26,000.00       12.4    $  275.47   65.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3368966       $    36,400.00      10.03    $  391.82   65.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3368974       $    56,000.00       8.45    $  428.61   74.67   OWNER         360     ADVANTA         AMRESCO         8/1/97
    3368982       $    86,250.00       10.5    $  788.96   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3368990       $    22,800.00      11.38    $  264.61   80.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3369006       $   103,000.00      8.375    $  782.87   72.03   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3369014       $    49,000.00       11.5    $  572.41   81.67   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3369030       $    90,000.00       8.25    $  676.14   53.25   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3369048       $    59,500.00       12.5    $  635.02   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3369055       $    46,500.00        8.5    $  457.90   68.38   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3369071       $   198,900.00       11.5    $1,969.69   85.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3369089       $    40,000.00      11.83    $  406.22   61.54   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3369097       $    70,000.00      11.88    $  834.72   80.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3369139       $    50,250.00       11.1    $  482.34   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3369147       $   106,250.00      10.63    $  982.25   85.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3369154       $    45,000.00      11.73    $  453.54   60.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3369196       $   156,000.00      10.38    $1,413.02   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3369204       $    26,000.00      12.16    $  270.65   65.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3369212       $   120,000.00       8.85    $  952.62   80.00   OWNER         360     ADVANTA         AMRESCO         8/1/97
    3369246       $    55,600.00       9.35    $  461.44   81.41   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3371218       $   299,852.44        9.5    $2,522.56   80.00   OWNER         360     ADVANTA  SAN DIEGO HOME LOANS   7/1/97
    3371234       $   287,882.43      0.375    $2,607.57   80.00   OWNER         360     ADVANTA  SAN DIEGO HOME LOANS   6/1/97
    3371242       $   259,901.90      10.74    $2,425.10   78.79   OWNER         360     ADVANTA  SAN DIEGO HOME LOANS   6/1/97
    3371291       $   142,500.00       9.75    $1,224.30   75.00   OWNER         360     ADVANTA  SAN DIEGO HOME LOANS   7/1/97
    3371309       $   394,824.89       9.99    $3,463.49   73.83   OWNER         360     ADVANTA  SAN DIEGO HOME LOANS   6/1/97
    3377603       $   113,198.00       12.4    $1,199.34   65.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3377611       $    50,000.00       10.5    $  552.70   60.24   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3377629       $    23,996.33      14.75    $  298.67   60.00   OWNER         360     ADVANTA    EDGE MTG SERVICES    6/1/97
    3377645       $    48,875.00      11.75    $  493.35   85.00   OWNER         360     ADVANTA    EDGE MTG SERVICES    7/1/97
    3377660       $    26,994.52       16.5    $  373.99   64.29   OWNER         360     ADVANTA         AMRESCO         6/1/97
    3377678       $    89,966.48       10.8    $  843.52   75.00   OWNER         360     ADVANTA  MUTUAL EQUITY MTG CO   6/1/97
    3377694       $    27,300.00      11.76    $  323.44   65.00   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3377702       $   123,250.00          9    $  991.70   85.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3377744       $    48,000.00        8.2    $  358.92   51.61   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3377751       $   100,000.00       9.83    $  865.04   69.44   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3377785       $    40,000.00        8.2    $  299.10   29.63   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3377793       $    37,050.00       10.4    $  407.26   65.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3377801       $    30,000.00      13.53    $  344.33   46.15   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3377835       $    58,400.00       11.5    $  682.22   80.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3377850       $   174,400.00      10.25    $1,562.80   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3377868       $    75,000.00       10.2    $  669.29   60.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3377918       $    73,500.00       8.95    $  588.76   43.24   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3377926       $    27,000.00         11    $  306.88   54.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3377942       $    51,000.00       10.5    $  466.52   85.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3378007       $    92,400.00      10.75    $  862.54   88.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3378049       $    48,750.00      11.65    $  488.35   65.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3378056       $    48,300.00       9.65    $  508.74   63.55   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3378064       $   134,300.00       8.95    $1,075.78   76.74   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3378098       $    37,600.00       11.5    $  372.35   76.73   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3378106       $    27,600.00      11.98    $  283.47   60.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3378114       $    29,700.00      11.98    $  305.04   60.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3378130       $    65,600.00      11.75    $  662.17   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
</TABLE>           


                                     Page 7
<PAGE>

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

<TABLE>
<CAPTION>
 Servicer      AMRESCO     Last                                                                  Zip       Property     Maturity
Loan Number  Loan Number   Name          Address                        City           State     Code      Type           Date
- - -----------  -----------   ----          -------                        ----           -----     ----      ----           ----  
<S>           <C>          <C>           <C>                            <C>            <C>       <C>       <C>          <C>
    3378148   3378148AD    GARCIA        5374 WEST 23RD COURT           HIALEAH        FL        33016     CONDO        6/1/12  
    3378155   3378155AD    ARONSON       220 NORTH DITHRIDGE STREET     PITTSBURGH     PA        15213     CONDO        6/1/27  
    3378189   3378189AD    ZERNEKE       632 VIEWCREST TERRACE          BURLINGTON     WI        53105     SFR          6/1/27  
    3378205   3378205AD    VIGIL         220 CURTIS STREET              BRUSH          CO        80723     SFR          6/1/27  
    3378213   3378213AD    HANIOTAKIS    1715 MOUNT JOSEPH STREET       PITTSBURGH     PA        15210     SFR          6/1/12  
    3378239   3378239AD    GIBBON        58155 M-51 SOUTH               DOWAGIAC       MI        49047     SFR          6/1/12  
    3378254   3378254AD    MARKOVIC      4553 WEST 56TH STREET          CHICAGO        IL        60629     CONDO        6/1/27  
    3378262   3378262AD    RICKERSON     3214 TRINITY CHRUCH ROAD       CONCORD        NC        28025     SFR          6/1/27  
    3378312   3378312AD    SPEER-STANTO  10204 MOUNTAIN ROAD            CHIPITA        CO        80809     SFR          6/1/12  
    3378346   3378346AD    DESSALINES    4 WINDSOR AVENUE               LYNN           MA        1902      2-4 UNITS    6/1/27  
    3378379   3378379AD    KAHALEWAI     91-1043 KAUIKI STREET          EWA BEACH      HI        96706     SFR          7/1/27  
    3378395   3378395AD    KIM           7503 FLAIR OAKS DRIVE          HOUSTON        TX        77040     SFR          6/1/27  
    3378437   3378437AD    GRANADOS      70 RIVER PLANTATION DRIVE      CONROE         TX        77302     SFR          6/1/12  
    3378478   3378478AD    CASTRO        14770 S.W. 141 TERRACE         MIAMI          FL        33196     SFR          6/1/27  
    3378486   3378486AD    ROY           4512 WAKEFIELD ROAD            BALTIMORE      MD        21216     SFR          7/1/27  
    3381100   3381100AD    SMITH         11730 SOUTHWEST 168TH STRE     MIAMI          FL        33177     SFR          6/1/27  
    3381175   3381175AD    ALEXANDER     4251 KILREA DRIVE              SAN ANTONIO    TX        78219     SFR          6/1/12  
    3381183   3381183AD    ALEXANDER     3222 PINE HOLLOW STREET        SAN ANTONIO    TX        78211     SFR          6/1/12  
    3381191   3381191AD    ALEXANDER     338 CHARCLIFF                  SAN ANTONIO    TX        78220     SFR          6/1/12  
    3381209   3381209AD    ALEXANDER     4822 FEATHEROCK DRIVE          KIRBY          TX        78219     SFR          6/1/12  
    3381217   3381217AD    ALEXANDER     922 MARIPOSA DRIVE             SAN ANTONIO    TX        78201     SFR          6/1/12  
    3381225   3381225AD    CARLSON       1571 SOUTH WOLFE ROAD          SUNNYVALE      CA        94087     SFR          6/1/27  
    3381258   3381258AD    LUNA          4974 CENTINELA AVENUE          LOS ANGELES    CA        90066     2-4 UNITS    6/1/27  
    3381274   3381274AD    GUERRERO      LOT #51 HAINA CAMP             HONOKAA        HI        96727     SFR          6/1/27  
    3381282   3381282AD    BAUTISTA      94-595 LUMIAINA STREET         WAIPAHU        HI        96797     SFR          6/1/27  
    3381290   3381290AD    CASTRO        PAAAUILO MAUKA CAMP #11        HONOKAA        HI        96727     SFR          6/1/27  
    3381357   3381357AD    GREENFIELD    1277 SHERBURNE AVENUE WEST     SAINT PAUL     MN        55104     SFR          6/1/27  
    3381365   3381365AD    KELLEY        402 GREEN STREET               HARTSVILLE     SC        29550     SFR          6/1/27  
    3381381   3381381AD    MCLAUGHLIN    8309 COLONY DRIVE              GROSSE ILE     MI        48138     CONDO        6/1/27  
    3381407   3381407AD    NEWCOMB       74-5066 KUMAKINI STREET        KAILUA-KONA    HI        96740     SFR          7/1/27  
    3381431   3381431AD    SHIN          760 SOUTH KIHEI ROAD           KIHEI          HI        96753     CONDO        7/1/27  
    3381449   3381449AD    CLIFTON       4009 KING CHARLES ROAD         DURHAM         NC        27707     SFR          6/1/27  
    3381464   3381464AD    GIVENS        7104 NEEDWOOD ROAD             DERWOOD        MD        20855     SFR          7/1/27  
    3381498   3381498AD    APTON         1820 NORTHWEST 1 WAY           POMPANO BEA    FL        33060     SFR          6/1/12  
    3381506   3381506AD    SMITH         849 DRYDEN STREET              YOUNGSTOWN     OH        44505     SFR          7/1/27  
    3381522   3381522AD    LATOUR        6826 GRASSHOPPER ROAD          BIRCHWOOD      TN        37308     SFR          7/1/27  
    3381548   3381548AD    HOLM          1415 NORTHWEST 27TH STREET     MIAMI          FL        33142     2-4 UNITS    6/1/12  
    3381555   3381555AD    AMADI         2533-35 NORTH 44TH STREET      MILWAUKEE      WI        53210     2-4 UNITS    7/1/27  
    3381563   3381563AD    FINNEY        11754 TEANECK DRIVE            HOUSTON        TX        77089     SFR          6/1/27  
    3381571   3381571AD    SPEARS        1312 AQUARIUS ROAD             EDMOND         OK        73034     SFR          7/1/27  
    3381589   3381589AD    TORRES        3747 NORTH MARSHALL STREET     PHILADELPHI    PA        19146     SFR          6/1/27  
    3381597   3381597AD    JOHNSON       14587 LAUDER                   DETROIT        MI        48227     2-4 UNITS    7/1/12  
    3381613   3381613AD    RODRIGUEZ     1919 OLIVE DRIVE               SEBRING        FL        33870     SFR          6/1/27  
    3381621   3381621AD    LEE           8000 RODNEY STREET             PHILADELPHI    PA        19150     2-4 UNITS    7/1/27  
    3381639   3381639AD    VILLANUEVA    4864 WEST NORTHFORD PLACE      JACKSONVILL    FL        32257     SFR          6/1/27  
    3381647   3381647AD    VENDETTI      59 LYDIA STREET                PROVIDENCE     RI        2920      SFR          6/1/27  
    3381654   3381654AD    VENDETTI      90 ALTHEA STREET               PROVIDENCE     RI        2907      SFR          6/1/27  
    3384450   3384450AD    LLOYD         838 MILLER AVE                 LAS VEGAS      NV        89106     SFR          5/1/12  
    3384468   3384468AD    ANTHONY       1629 WEST TARO LANE            PHOENIX        AZ        85027     SFR          6/1/12  
    3384500   3384500AD    HICKERNELL    225 CALVIN ST                  TAFT           CA        93268     SFR          6/1/12  
    3384518   3384518AD    MORANT        830 SOUTH GULFVIEW BLVD        CLEARWATER     FL        34630     CONDO        5/1/12  
    3384534   3384534AD    BROWN         6211 TERRY PARKER DR           JACKSONVILL    FL        32211     SFR          6/1/12  
    3384559   3384559AD    SHANABARGER   2610 14TH ST NORTH             NAPLES         FL        34103     SFR          6/1/12  
    3384567   3384567AD    KRAYNAK       161 33RD AVE NORTH             ST PETERSBU    FL        33704     SFR          6/1/12  
    3384575   3384575AD    LUCCA         1518 WEST 20TH ST              RIVIERA BCH    FL        33404     SFR          6/1/12  
    3384583   3384583AD    LUCCA         1521 WEST 21ST ST              RIVIERA BCH    FL        33404     2-4 UNITS    6/1/12  
    3384609   3384609AD    EATON         4005 GREENWOOD DR              FT PIERCE      FL        34982     SFR          6/1/27  
    3384617   3384617AD    QUINTERO      11902 SW LOGAN ST              PT ST LUCIE    FL        34953     SFR          6/1/27  

<CAPTION>
 Servicer            07/01/97        Current    Current            Occupancy  Original                                    Due
Loan Number     Scheduled Balance      Rate   P&I Payment  LTV     Status       Term    Servicer       Originator         Date
- - -----------     -----------------      ----   -----------  ---     ------       ----    --------       ----------         ----
<S>               <C>                 <C>      <C>         <C>     <C>           <C>     <C>      <C>                    <C>
    3378148       $    37,800.00        9.5    $  394.72   60.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3378155       $   180,000.00      11.23    $1,745.54   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3378189       $    29,500.00      11.48    $  291.69   21.85   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3378205       $    36,400.00      11.95    $  373.01   65.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3378213       $    48,750.00       9.83    $  518.81   75.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3378239       $    60,000.00       9.95    $  642.93   54.55   OWNER         180     ADVANTA      FRANKLIN MTG       7/1/97
    3378254       $    58,400.00      11.13    $  561.90   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3378262       $    48,750.00      11.26    $  473.86   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3378312       $    36,250.00       9.75    $  384.02   18.88   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3378346       $    68,175.00      11.75    $  688.17   90.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3378379       $   157,500.00         10    $1,382.18   70.00   OWNER         360     ADVANTA         AMRESCO         8/1/97
    3378395       $    47,125.00       11.4    $  463.08   65.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3378437       $    67,595.00      13.13    $  861.03   55.00   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3378478       $    25,000.00        9.2    $  204.76   21.93   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3378486       $    45,500.00      11.96    $  466.62   65.00   NON OWNER     360     ADVANTA         AMRESCO         8/1/97
    3381100       $    80,000.00       11.5    $  792.23   82.90   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3381175       $    29,400.00      10.88    $  331.95   70.00   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3381183       $    31,500.00      10.88    $  355.66   70.00   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3381191       $    27,300.00      10.88    $  308.24   70.00   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3381209       $    32,900.00      10.88    $  371.47   70.00   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3381217       $    37,100.00      10.88    $  418.89   70.00   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3381225       $   163,600.00       7.97    $1,197.02   71.13   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3381258       $    90,000.00        9.2    $  737.15   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3381274       $    60,000.00        8.2    $  448.65   63.16   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3381282       $   200,000.00        7.7    $1,425.92   68.97   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3381290       $    84,800.00       8.95    $  679.27   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3381357       $    55,000.00      10.23    $  492.04   79.71   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3381365       $    30,800.00      15.63    $  405.01   70.00   OWNER         360     ADVANTA    CHASE MTG BROKERS    7/1/97
    3381381       $    56,250.00       11.2    $  544.20   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3381407       $   139,750.00       8.98    $1,122.45   65.00   OWNER         360     ADVANTA         AMRESCO         8/1/97
    3381431       $    76,375.00       9.33    $  632.75   65.00   NON OWNER     360     ADVANTA         AMRESCO         8/1/97
    3381449       $    70,000.00      13.28    $  789.69   52.63   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3381464       $   125,000.00      12.48    $1,332.13   55.80   OWNER         360     ADVANTA         AMRESCO         8/1/97
    3381498       $    34,200.00        8.7    $  340.80   45.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3381506       $    39,650.00       10.4    $  359.73   65.00   OWNER         360     ADVANTA         AMRESCO         8/1/97
    3381522       $    74,000.00        8.2    $  553.34   61.67   OWNER         360     ADVANTA         AMRESCO         8/1/97
    3381548       $    51,000.00       9.83    $  542.76   70.83   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3381555       $    31,200.00      13.46    $  356.39   62.40   NON OWNER     360     ADVANTA         AMRESCO         8/1/97
    3381563       $    52,700.00       11.5    $  521.88   85.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3381571       $    57,375.00       12.2    $  599.01   75.00   OWNER         360     ADVANTA         AMRESCO         8/1/97
    3381589       $    26,250.00      12.88    $  287.92   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3381597       $    29,250.00      10.73    $  327.51   75.00   NON OWNER     180     ADVANTA         AMRESCO         8/1/97
    3381613       $    32,800.00      10.75    $  306.18   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3381621       $    58,850.00      13.96    $  695.43   55.00   NON OWNER     360     ADVANTA         AMRESCO         8/1/97
    3381639       $    92,700.00      11.25    $  900.36   79.98   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3381647       $    18,600.00      12.89    $  204.16   60.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3381654       $    36,600.00      12.89    $  401.72   61.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3384450       $    46,384.60      11.33    $  453.49   80.00   OWNER         360     ADVANTA   ALTERNATIVE LENDING   6/1/97
    3384468       $    64,000.00       9.68    $  546.57   80.00   OWNER         360     ADVANTA   ALTERNATIVE LENDING   7/1/97
    3384500       $    30,000.00      11.23    $  290.92   75.00   NON OWNER     360     ADVANTA   ALTERNATIVE LENDING   7/1/97
    3384518       $    63,728.15      11.18    $  615.79   74.13   OWNER         360     ADVANTA   ALTERNATIVE LENDING   6/1/97
    3384534       $    65,600.00      11.99    $  674.26   80.00   OWNER         360     ADVANTA   ALTERNATIVE LENDING   7/1/97
    3384559       $   105,000.00       9.99    $  920.67   75.00   OWNER         360     ADVANTA   ALTERNATIVE LENDING   7/1/97
    3384567       $    45,520.00       10.6    $  419.80   80.00   OWNER         360     ADVANTA   ALTERNATIVE LENDING   7/1/97
    3384575       $    62,250.00       11.5    $  616.46   75.00   NON OWNER     360     ADVANTA   ALTERNATIVE LENDING   7/1/97
    3384583       $    62,250.00       11.5    $  616.46   75.00   OWNER         360     ADVANTA   ALTERNATIVE LENDING   7/1/97
    3384609       $    70,000.00       10.3    $  629.87   80.00   OWNER         360     ADVANTA   ALTERNATIVE LENDING   7/1/97
    3384617       $   100,400.00      10.35    $  907.16   80.00   OWNER         360     ADVANTA   ALTERNATIVE LENDING   7/1/97
</TABLE>           


                                     Page 8
<PAGE>

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

<TABLE>
<CAPTION>
 Servicer      AMRESCO     Last                                                                  Zip       Property     Maturity
Loan Number  Loan Number   Name          Address                        City           State     Code      Type           Date
- - -----------  -----------   ----          -------                        ----           -----     ----      ----           ----  
<S>           <C>          <C>           <C>                            <C>            <C>       <C>       <C>          <C>
    3385796   3385796AD    RABANAL       1435 AULD LANE                 HONOLULU       HI        96817     2-4 UNITS    6/1/27  
    3385804   3385804AD    JACOBSON      142 RIVOLI STREET              SAN FRANCIS    CA        94117     SFR          6/1/27  
    3385812   3385812AD    WILLIAMS      24802 VALLEYLIGHT DRIVE        KATY           TX        77494     SFR          6/1/27  
    3385861   3385861AD    MACY          781 NORTH BONANZA AVENUE       TUCSON         AZ        85748     SFR          6/1/27  
    3385903   3385903AD    SIKES         8831 ASHMAN ROAD               RIVERVIEW      FL        33569     SFR          6/1/12  
    3385911   3385911AD    HERVATIN      3798 MARTHA ROAD               KENT           OH        44240     SFR          6/1/27  
    3385929   3385929AD    BIGGS         20324 SOUTHWEST 124TH PLA      MIAMI          FL        33177     SFR          6/1/12  
    3385960   3385960AD    SAETERN       809-811-813 PONCE DELEON       STOCKTON       CA        95210     2-4 UNITS    6/1/12  
    3385986   3385986AD    LACY          2415 64TH STREET               FENNVILLE      MI        49408     SFR          6/1/27  
    3386083   3386083AD    SHOMO         917 BROADWAY                   WESTVILLE B    NJ        8093      SFR          7/1/12  
    3386091   3386091AD    ANDERSON      3183 ABBEYWOOD DRIVE           DECATUR        GA        30334     CONDO        6/1/27  
    3386141   3386141AD    OBRIEN        7636 SUNWOOD DRIVE             JACKSONVILL    FL        32256     SFR          7/1/12  
    3386158   3386158AD    HULL          919 LOST CREEK CIRCLE          STONE MOUNT    GA        30088     SFR          7/1/27  
    3386174   3386174AD    DAVIS         6331 BRIARGLADE DRIVE          HOUSTON        TX        77072     SFR          7/1/27  
    3386182   3386182AD    GUITRAU       1312 BETTY LANE                ABBEVILLE      LA        70510     SFR          6/1/27  
    3386190   3386190AD    LEWIS         3115 CORLEY STREET             BEAUMONT       TX        77701     SFR          6/1/27  
    3386216   3386216AD    MEDINA        79-85 SEDGWICK STREET          BRIDGEPORT     CT        6606      2-4 UNITS    6/1/27  
    3386240   3386240AD    LEWIS         776 EMBERWOOD DRIVE            DALLAS         TX        75232     SFR          6/1/12  
    3386257   3386257AD    YOUNG         406 MCDONALD ROAD              PLANT CITY     FL        33567     SFR          6/1/27  
    3386265   3386265AD    MARTIN        519 JAMESTOWN AVENUE           LAKELAND       FL        33801     SFR          6/1/27  
    3386273   3386273AD    HERRIDGE      12007 FAIRBURY DRIVE           HOUSTON        TX        77089     SFR          6/1/27  
    3386281   3386281AD    MANCINELLI    14873 SOUTHWEST 104 STREET     MIAMI          FL        33196     CONDO        6/1/27  
    3401296   3401296AD    TERRY         11820 AINSWORTH STREET         LOS ANGELES    CA        90044     SFR          6/1/27  
    3401304   3401304AD    ALBERT        2737 LIVE OAK AVENUE           WACO           TX        76708     SFR          6/1/27  
    3401312   3401312AD    BELL          20620 NORTHWEST 33RD AVENU     MIAMI          FL        33056     SFR          6/1/12  
    3401320   3401320AD    RIVERA        153 TOMMINS AVENUE             SAN ANTONIO    TX        78214     SFR          6/1/27  
    3401338   3401338AD    TWISS         123 CASCADE AVENUE             LIVERMORE      CA        94550     SFR          6/1/27  
    3401361   3401361AD    JOHNSON       2030 NORTHWEST 194TH TERRA     MIAMI          FL        33056     SFR          6/1/27  
    3401387   3401387AD    BRINSON       791 PALM BOULEVARD             PAHOKEE        FL        33476     SFR          7/1/12  
    3401395   3401395AD    WIRTH         1414 DETROIT STREET            DENVER         CO        80206     SFR          6/1/27  
    3401403   3401403AD    SCHROEDER     2433 EVERETT STREET            LAKELAND       FL        33801     SFR          6/1/27  
    3401411   3401411AD    CALLISON      731 SAMUELS AVENUE             FORT WORTH     TX        76102     SFR          7/1/27  
    3401437   3401437AD    CAMPBELL      749 SOUTH RUSHING AVENUE       LAKELAND       FL        33801     SFR          6/1/12  
    3401452   3401452AD    PLATZER       17607 HERITAGE BAY DRIVE       WEBSTER        TX        77598     SFR          6/1/12  
    3401460   3401460AD    SIMPSON       8402 ROCKFORD DRIVE            HOUSTON        TX        77033     SFR          6/1/27  
    3401478   3401478AD    NORMANT       27 FIORD DRIVE                 SOUTH DENNI    MA        2660      SFR          7/1/27  
                                                                                                                                

<CAPTION>
 Servicer            07/01/97        Current    Current            Occupancy  Original                                    Due
Loan Number     Scheduled Balance      Rate   P&I Payment  LTV     Status       Term    Servicer       Originator         Date
- - -----------     -----------------      ----   -----------  ---     ------       ----    --------       ----------         ----
<S>               <C>                 <C>      <C>         <C>     <C>           <C>     <C>      <C>                    <C>
    3385796       $   390,000.00       8.75    $3,068.13   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3385804       $   213,000.00        7.7    $1,518.61   62.65   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3385812       $   144,800.00       9.85    $1,254.70   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3385861       $    91,000.00      11.95    $  932.54   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3385903       $    59,500.00       8.45    $  584.18   70.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3385911       $    69,500.00      10.65    $  643.55   64.95   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3385929       $    20,000.00        9.5    $  208.84   21.05   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3385960       $    68,800.00       10.2    $  747.77   69.95   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3385986       $    50,000.00      11.35    $  489.43   54.05   OWNER         360     ADVANTA      FRANKLIN MTG       7/1/97
    3386083       $    78,200.00      10.38    $  858.61   85.00   OWNER         180     ADVANTA         AMRESCO         8/1/97
    3386091       $    31,500.00      10.08    $  278.30   75.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3386141       $    38,500.00       8.95    $  389.35   70.00   OWNER         180     ADVANTA         AMRESCO         8/1/97
    3386158       $    82,500.00       12.7    $  893.31   75.00   OWNER         360     ADVANTA         AMRESCO         8/1/97
    3386174       $    36,800.00      11.35    $  360.22   58.41   OWNER         360     ADVANTA         AMRESCO         8/1/97
    3386182       $    51,000.00         11    $  485.68   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3386190       $    33,600.00      10.08    $  296.85   75.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3386216       $    80,000.00      11.58    $  797.12   64.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3386240       $    36,375.00       9.58    $  381.59   75.00   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3386257       $    52,000.00      11.75    $  524.89   80.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3386265       $    28,000.00      10.85    $  263.48   70.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3386273       $    36,000.00      12.75    $  391.21   58.06   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3386281       $    47,600.00        9.5    $  400.25   85.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3401296       $   116,000.00      9.875    $1,007.28   74.36   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3401304       $    50,400.00       10.9    $  476.17   80.00   OWNER         360     ADVANTA  MUTUAL EQUITY MTG CO   7/1/97
    3401312       $    30,000.00       11.5    $  350.46   52.63   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3401320       $    35,250.00       11.5    $  349.08   75.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3401338       $    74,000.00        7.7    $  527.59   32.89   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3401361       $    62,400.00       10.9    $  589.54   65.00   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3401387       $    17,400.00       9.25    $  179.08   60.00   OWNER         180     ADVANTA         AMRESCO         8/1/97
    3401395       $    61,000.00      10.75    $  569.42   39.10   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3401403       $    24,500.00      10.38    $  221.92   70.00   NON OWNER     360     ADVANTA         AMRESCO         7/1/97
    3401411       $    71,710.00      14.75    $  892.41   71.00   OWNER         360     ADVANTA         AMRESCO         8/1/97
    3401437       $    36,000.00      10.73    $  403.09   60.00   NON OWNER     180     ADVANTA         AMRESCO         7/1/97
    3401452       $    35,400.00       12.5    $  436.31   60.00   OWNER         180     ADVANTA         AMRESCO         7/1/97
    3401460       $    21,775.00      12.75    $  236.63   59.66   OWNER         360     ADVANTA         AMRESCO         7/1/97
    3401478       $    58,800.00        9.7    $  503.03   70.00   OWNER         360     ADVANTA         AMRESCO         8/1/97
                  --------------
                  $36,930,601.43
                  ==============
    LOAN COUNT               500

</TABLE>

                                     Page 9
<PAGE>

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

<TABLE>
<CAPTION>
 Servicer      AMRESCO    Last                                                                   Zip       Property     Maturity
Loan Number  Loan Number  Name           Address                        City           State     Code        Type         Date
- - -----------  -----------  ----           -------                        ----           -----     ----        ----         ----
    <S>      <C>          <C>            <C>                            <C>            <C>       <C>         <C>         <C>
    2978864  2978864AD    JONES          19417 CRAIGJON AVENUE          CARSON         CA        90746       SFR         2/1/27
    3242211  3242211AD    PITOCO         2B BURGESS ROAD                FOSTER         RI        2825        SFR         5/1/27
    3242229  3242229AD    DANCY          1543 PURDUE                    PAGEDALE       MO        63133       SFR         5/1/27
    3242278  3242278AD    NGUYEN         3140 GLEN OAKS                 WICHITA        KS        67216       SFR         6/1/27
    3242294  3242294AD    ITON           9320 SOUTHWEST 6TH COURT       PEMBROKE PI    FL        33025       SFR         5/1/27
    3242351  3242351AD    CISNEROS       435 ANN STREET                 CHADRON        NE        69337       SFR         6/1/27
    3242377  3242377AD    RITTENHOUSE    325 WEST 3RD STREET            XENIA          OH        45385       SFR         6/1/27
    3242393  3242393AD    SILVA          810 SOUTH HAWTHORNE STREET     KENNEWICK      WA        99336       SFR         6/1/27
    3242427  3242427AD    CHRISTENSON    1142 MARSHALL AVENUE           SAINT PAUL     MN        55104       SFR         6/1/27
    3242435  3242435AD    CHAPMAN        1621 BECKMAN AVENUE            EVANSVILLE     IN        47714       SFR         6/1/27
    3242443  3242443AD    HILLSMAN       1164 HARRISON STREET           GARY           IN        46407       SFR         6/1/27
    3242450  3242450AD    MASON          9201 SOUTH THROOP STREET       CHICAGO        IL        60620       SFR         6/1/27
    3242468  3242468AD    BROWN          7843 BAJA DRIVE                BATON ROUGE    LA        70814       SFR         6/1/27
    3242484  3242484AD    BLISS          1308 BELOIT AVENUE             JANESVILLE     WI        53546       SFR         6/1/27
    3242492  3242492AD    CHRISTIANSEN   1202 DOYLE LANE                BEATRICE       NE        68310       SFR         6/1/27
    3242542  3242542AD    WESTBY         120 EAST BROADWAY              ISANTI         MN        55040       SFR         6/1/27
    3242567  3242567AD    RUIZ           3058 SOUTH JASPER WAY          AURORA         CO        80013       SFR         6/1/27
    3242575  3242575AD    STRONG         8951 SOUTH MORGAN STREET       CHICAGO        IL        60620       SFR         6/1/27
    3242609  3242609AD    SCROGGINS      1920 SOUTH 1ST                 MINNEAPOLIS    MN        55454       CONDO       6/1/27
    3242617  3242617AD    ARMAH          2520 FORT DRIVE                SUITLAND       MD        20746       SFR         6/1/27
    3242625  3242625AD    NARCISCO       61 FLAT IRON ROAD              GUILFORD       CT        6437        SFR         6/1/27
    3242633  3242633AD    WINSTON        3545 MARYLAND STREET           GARY           IN        46407       SFR         6/1/27
    3242641  3242641AD    DAVIS          8001 STRATMAN ROAD             BALTIMORE      MD        21222       SFR         6/1/27
    3242666  3242666AD    GRAHAM         2401 RIO GRANDE DEL SOL CO     ALBUQUERQUE    NM        87107       SFR         6/1/27
    3242690  3242690AD    CAMPBELL       1624 NORTH BROADWAY STREET     BALTIMORE      MD        21213       SFR         6/1/27
    3242708  3242708AD    SABHARI        121 SOUTH WASHINGTON           MINNEAPOLIS    MN        55401       CONDO       6/1/27
    3242740  3242740AD    IVEY           4225 CEDAR VALLEY COURT        CONLEY         GA        30027       SFR         6/1/27
    3242757  3242757AD    JEFFERSON      5941 NORTH 74TH STREET         MILWAUKEE      WI        53218       SFR         6/1/27
    3242765  3242765AD    TINDLE         6107 WEST  STATE HIGHWAY 2     SPRINGFIELD    MO        65802       SFR         6/1/27
    3248036  3248036AD    TALBERT        303 SORRELWOOD DRIVE           LEAGUE CITY    TX        77573       SFR         6/1/27
    3248044  3248044AD    RUIZ           3001 AVENUE K                  FORT WORTH     TX        76105       SFR         6/1/27
    3248051  3248051AD    MORTON         11811 SEVEN HILLS              ST. LOUIS      MO        63033       SFR         4/1/27
    3248069  3248069AD    DUKE           3108-3110 12TH AVE SOUTH       MINNEAPOLIS    MN        55407       2-4 UNITS   5/1/27
    3248077  3248077AD    GREENHILL      4819 FALCON FOREST             HUMBLE         TX        77346       SFR         5/1/27
    3248085  3248085AD    JONES          125 TANBARK CIRCLE             COPPELL        TX        75019       SFR         5/1/27
    3248119  3248119AD    SANCHEZ        140 BRENNAN STREET             WATSONVILLE    CA        95076       2-4 UNITS   6/1/27
    3248168  3248168AD    KETNER         3555 ALGONQUIN DRIVE           MUSKEGON       MI        49441       SFR         6/1/27
    3248176  3248176AD    WILSON         10022 SOUTH PAXTON AVENUE      CHICAGO        IL        60617       SFR         6/1/27
    3248184  3248184AD    ROBINSON       LOT #16-A HOO KAHUA ROAD       HONOKAA        HI        96727       SFR         6/1/27
    3248200  3248200AD    HILLSMAN       1168 HARRISON STREET           GARY           IN        46407       SFR         6/1/27
    3248226  3248226AD    PERKINS        24995 GRAF ROAD                GUILFORD       IN        47022       SFR         6/1/12
    3248234  3248234AD    BRADY          21560 PETERSON  AVENUE         SAUK VILLAG    IL        60411       SFR         6/1/27
    3248242  3248242AD    BRADY          21650 PETERSON                 SAUK VILLAG    IL        60411       SFR         6/1/27
    3248267  3248267AD    HESTER         31728 SOUTH HIGHWAY 213        MOLALLA        OR        97038       SFR         6/1/27
    3248275  3248275AD    YOUNG          47-250 AHAOLELO ROAD           KANEOHE        HI        96744       SFR         6/1/27
    3248309  3248309AD    GERBETZ        1243 SHERMAN STREET            AKRON          OH        44301       SFR         6/1/27
    3248317  3248317AD    SVITKO         1332 121ST STREET              WHITING        IN        46394       SFR         6/1/27
    3248325  3248325AD    HEWITT         66592 CSAH #33                 DARWIN         MN        55324       SFR         6/1/27
    3248341  3248341AD    PREISACH       214 SPRINGWOOD DRIVE           VERONA         PA        15147       SFR         6/1/27
    3248358  3248358AD    SCHRAIER       2940 KINCAID                   SAINT LOUIS    MO        63114       SFR         6/1/27
    3248366  3248366AD    CAVALIER       1115 NORWALK ROAD              NORWALK        OH        44857       SFR         6/1/27
    3248390  3248390AD    ADKINS         97 NEW SALEM ROAD              SWANNANOA      NC        28778       SFR         6/1/27
    3248424  3248424AD    RICHAR         4709 SPRINGVIEW DRIVE          MINERAL SPR    NC        28108       SFR         6/1/27
    3248440  3248440AD    DOBBINS        517 BOBWHITE COURT             NASHVILLE      TN        37218       SFR         6/1/27
    3248457  3248457AD    JOHNSON        1780 WEST 7600 SOUTH           WEST JORDAN    UT        84084       SFR         6/1/27
    3248465  3248465AD    TUTTLE         702 NORTH MOORELAND BOULEV     WAUKESHA       WI        53188       SFR         6/1/27
    3248481  3248481AD    BERGER         4310 EAST 115TH PLACE          THORNTON       CO        80233       SFR         6/1/27
    3248507  3248507AD    CALIXTO        5927 SOUTH CALIFORNIA AVEN     CHICAGO        IL        60629       2-4 UNITS   6/1/27

<CAPTION>
 Servicer          07/01/97          Current    Current            Occupancy  Original                                    Due
Loan Number    Scheduled Balance      Rate    P&I Payment  LTV      Status      Term    Servicer       Originator         Date
- - -----------    -----------------      ----    -----------  ---      ------      ----    --------       ----------         ----
    <S>          <C>                <C>        <C>         <C>      <C>          <C>     <C>      <C>                    <C>
    2978864      $   171,630.34       9.68     $ 1,468.57  80.00    OWNER        360     ADVANTA   ALTERNATIVE LENDING   6/1/97
    3242211      $   229,893.82        9.8     $ 1,984.51  69.70    OWNER        360     ADVANTA         AMRESCO         6/1/97
    3242229      $    27,996.18      15.25     $   359.65  70.00    OWNER        360     ADVANTA    EDGE MTG SERVICES    6/1/97
    3242278      $    30,750.00      10.08     $   271.67  75.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242294      $   191,162.64       9.85     $ 1,657.20  85.00    OWNER        360     ADVANTA         AMRESCO         6/1/97
    3242351      $    37,500.00       9.68     $   320.26  75.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242377      $    57,375.00      10.05     $   505.63  75.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242393      $    59,250.00       11.1     $   568.73  75.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242427      $    94,500.00      14.63     $ 1,166.99  70.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242435      $    55,000.00       9.12     $   447.30  74.32    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242443      $    24,050.00       9.88     $   208.93  65.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3242450      $    80,000.00      11.73     $   806.30  80.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242468      $    69,550.00       10.1     $   615.50  65.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242484      $    58,400.00      11.48     $   577.44  80.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242492      $   114,100.00       9.18     $   932.89  70.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242542      $    79,650.00      11.13     $   766.36  90.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242567      $    85,600.00        9.5     $   719.77  80.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242575      $    49,000.00      15.13     $   624.67  70.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242609      $    88,000.00       9.11     $   715.04  80.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242617      $    90,300.00      13.88     $ 1,061.37  70.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242625      $    90,000.00       11.9     $   918.83  52.94    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242633      $    40,500.00       8.75     $   318.61  90.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242641      $    60,550.00      11.33     $   591.78  70.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242666      $   191,550.00      11.93     $ 1,959.99  75.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242690      $    21,600.00      11.31     $   210.78  60.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3242708      $    48,400.00      10.51     $   443.10  80.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242740      $    61,600.00         14     $   729.88  70.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242757      $    46,400.00      11.78     $   469.43  80.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3242765      $    60,000.00       9.72     $   514.17  75.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248036      $    63,000.00         13     $   696.91  70.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248044      $    26,000.00      11.13     $   250.16  65.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3248051      $    91,040.60       10.2     $   813.19  75.00    OWNER        360     ADVANTA    EDGE MTG SERVICES    6/1/97
    3248069      $    96,547.13       8.99     $   776.57  70.00    OWNER        360     ADVANTA         AMRESCO         6/1/97
    3248077      $    72,563.34      9.375     $   603.85  89.99    OWNER        360     ADVANTA         AMRESCO         6/1/97
    3248085      $    99,942.47       8.75     $   786.70  80.00    OWNER        360     ADVANTA         AMRESCO         6/1/97
    3248119      $   143,150.00     10.755     $ 1,336.82  70.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3248168      $    57,000.00       9.12     $   463.57  75.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248176      $    49,700.00      14.63     $   613.75  70.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248184      $   161,250.00       9.15     $ 1,314.90  75.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248200      $    31,500.00       9.77     $   271.10  75.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248226      $    27,523.00       9.05     $   279.98  43.69    OWNER        180     ADVANTA         AMRESCO         7/1/97
    3248234      $    33,800.00       10.8     $   316.79  65.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3248242      $    29,250.00       10.8     $   274.14  65.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3248267      $    84,000.00        9.3     $   694.09  80.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248275      $   330,000.00       14.5     $ 4,041.03  68.04    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248309      $    44,800.00       11.7     $   450.50  70.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248317      $    84,000.00      11.35     $   822.24  75.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248325      $    50,625.00      10.58     $   466.12  75.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248341      $    54,600.00      12.58     $   586.11  70.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248358      $    41,600.00        9.5     $   349.80  80.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248366      $   164,800.00        8.4     $ 1,255.51  80.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248390      $    65,000.00      10.98     $   618.03  65.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248424      $    64,000.00      11.23     $   620.64  80.00    OWNER        360     ADVANTA    CHASE MTG BROKERS    7/1/97
    3248440      $    41,000.00       9.65     $   349.25  56.16    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248457      $    79,050.00      10.75     $   737.92  85.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248465      $    63,000.00      11.13     $   606.16  54.78    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248481      $   117,000.00      9.875     $ 1,015.97  90.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248507      $    70,000.00      12.58     $   751.43  43.21    OWNER        360     ADVANTA         AMRESCO         7/1/97
</TABLE>


                                     Page 1
<PAGE>

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

<TABLE>
<CAPTION>
 Servicer      AMRESCO    Last                                                                   Zip       Property     Maturity
Loan Number  Loan Number  Name           Address                        City           State     Code        Type         Date
- - -----------  -----------  ----           -------                        ----           -----     ----        ----         ----
    <S>      <C>          <C>            <C>                            <C>            <C>       <C>         <C>         <C>
    3248531  3248531AD    MCSWEEN        16412 SOUTHWEST 99TH PLACE     MIAMI          FL        33157       SFR         6/1/27
    3248564  3248564AD    WILLIAMS       3600 PIERCE STREET             PORTSMOUTH     VA        23703       SFR         6/1/27
    3248572  3248572AD    CABAN          2041 SOUTH 15TH STREET         MILWAUKEE      WI        53204       SFR         6/1/27
    3248580  3248580AD    QUINN          4310 TROWBRIDGE DRIVE          EL PASO        TX        79903       SFR         6/1/27
    3248598  3248598AD    HARRIS         4242 RED BUD                   SAINT  LOUI    MO        63115       2-4 UNITS   6/1/27
    3248606  3248606AD    LLEWELLYN      3416 NORTH 5TH STREET          MILWAUKEE      WI        53212       SFR         6/1/12
    3248614  3248614AD    AMUNDSON       2555 NORTH 36TH STREET         MILWAUKEE      WI        53210       SFR         6/1/27
    3248630  3248630AD    WELCH          165 BORDEN AVENUE              JOHNSTON       RI        2919        SFR         6/1/27
    3248663  3248663AD    DRISCOLL       1180 EDGEHILL ROAD             WEST PALM      FL        33417       SFR         6/1/27
    3248671  3248671AD    DEVER          46 CRANBERRY LANE              DENNISPORT     MA        2639        SFR         6/1/27
    3248689  3248689AD    SULLIVAN       7311-3 SOUTH STEWART           CHICAGO        IL        60621       2-4 UNITS   6/1/27
    3248705  3248705AD    MORALES        1184-86 EAST 74TH STREET       CLEVELAND      OH        44103       2-4 UNITS   6/1/27
    3252806  3252806AD    MARTIN         2115 37TH STREET               LUBBOCK        TX        79412       SFR         6/1/27
    3252814  3252814AD    ELLIOTT        2342 GLENGARIFF DRIVE          DALLAS         TX        75228       SFR         6/1/27
    3252848  3252848AD    ORTMAN         6837 REUTER LANE               WEST BEND      WI        53095       SFR         5/7/27
    3252855  3252855AD    SHAMBO         14465 JASMINE COURT            ISSUE          MD        20645       SFR         5/1/27
    3252863  3252863AD    DENARDO        53-18 11TH STREET              CORONA         NY        11368       2-4 UNITS   5/1/27
    3252889  3252889AD    LEAR-SIMPSON   2034 NORTH 56TH STREET         PHILADELPHI    PA        19131       SFR         6/1/27
    3252905  3252905AD    WUBBELS        319 PINE STREET WEST           STILLWATER     MN        55082       SFR         6/1/27
    3252921  3252921AD    SIMPSON        274 MAY STREET                 BISHOP         CA        93514       SFR         6/1/27
    3252954  3252954AD    BATIE          37 U STREET NORTHWEST          WASHINGTON     DC        20001       SFR         6/1/27
    3252988  3252988AD    HAMMERSTAD     11837 18TH AVENUE              CHIPPEWA FA    WI        54729       SFR         6/1/27
    3253028  3253028AD    LEE            8206 MARTHA STREET             ALEXANDRIA     VA        22309       SFR         6/1/27
    3253036  3253036AD    BURRELL        293 NORWELL STREET             DORCHESTER     MA        2124        SFR         6/1/27
    3253044  3253044AD    GOSSARD        73 MADISON AVENUE              HAGERSTOWN     MD        21740       SFR         6/1/27
    3253051  3253051AD    SCHUMACHER     5340 WEST WARNER AVENUE        CHICAGO        IL        60641       SFR         6/1/27
    3253069  3253069AD    VIKER          1133 6TH AVENUE SOUTHEAST      ROCHESTER      MN        55904       SFR         6/1/27
    3253077  3253077AD    FRITTS         101 CEDAR STREET               RHODHISS       NC        28667       SFR         6/1/27
    3253085  3253085AD    BENNETT        712 SCOTT STREET               NILES          OH        44446       SFR         6/1/27
    3253101  3253101AD    ARNOLD         615 NORTHWEST MSTREET          RICHMOND       IN        47374       SFR         6/1/27
    3253135  3253135AD    BRILL          2940 NORTH VERDUGO ROAD        GLENDALE       CA        91201       CONDO       6/1/27
    3253143  3253143AD    HOECKENDORF    147 YELLOW PINE                RUIDOSO        NM        88345       SFR         6/1/27
    3253150  3253150AD    ROBINSON       716 INGRAHAM STREET NORTHW     WASHINGTON     DC        20011       SFR         6/1/27
    3253168  3253168AD    LIPSEY         495 EMMALINE STREET            MOUNT GILEA    NC        27306       SFR         6/1/27
    3253184  3253184AD    HOLLIDAY       1769 SOUTH PITKIN CIRCLE       AURORA         CO        80017       CONDO       6/1/27
    3253218  3253218AD    TOOLE          105 VICKSBURG LANE             LUGOFF         SC        29078       SFR         6/1/27
    3253226  3253226AD    GAUDETTE       2 SALEM STREET                 EXETER         NH        3833        SFR         6/1/27
    3253234  3253234AD    LOFTON         1115 45TH  STREET NORTHEAS     WASHINGTON     DC        20019       2-4 UNITS   6/1/27
    3253267  3253267AD    HARDCASTLE     8459 SCOTTSVILLE ROAD          BORDEN         IN        47103       SFR         6/1/27
    3253275  3253275AD    CARTER         730 WEST 36TH STREET           NORFOLK        VA        23508       SFR         6/1/27
    3253291  3253291AD    LAMON          7222 SOUTH LAFAYETTE           CHICAGO        IL        60621       2-4 UNITS   6/1/27
    3253309  3253309AD    DOYLE          2912 ROBBINS AVE               PHILADELPHI    PA        19151       SFR         6/1/27
    3253325  3253325AD    LO             1006 W. CAPITOL DRIVE          MILWAUKEE      WI        53206       SFR         6/1/27
    3255445  3255445AD    JACKSON        7003 MYRON                     ST.LOUIS       MO        63121       SFR         5/1/27
    3255452  3255452AD    HOWARD         6901 LAKEVIEW CIRCLE           ROWLETT        TX        75088       SFR         5/1/27
    3255478  3255478AD    HIGUERA        2222 EAST BEVERLY DRIVE        TUCSON         AZ        85719       SFR         6/1/27
    3255486  3255486AD    WATSON         11736 SPINNING AVENUE          HAWTHORNE      CA        90250       SFR         6/1/27
    3255528  3255528AD    THAI           6890 PEACH TREE ROAD           CARLSBAD       CA        92009       SFR         6/1/27
    3255536  3255536AD    KLEIMAN        1320 14TH TERRACE              MIAMI BEACH    FL        33139       SFR         6/1/27
    3255544  3255544AD    HENRY          935 DRACKERT                   HAMMOND        IN        46320       SFR         6/1/27
    3255569  3255569AD    WILLIAMS       3604 PIERCE STREET             PORTSMOUTH     VA        23703       SFR         6/1/27
    3255577  3255577AD    PACHECO        50 PUUHINA STREET              HILO           HI        96720       SFR         6/1/27
    3255585  3255585AD    JOHNSON        7441 SOUTH YATES BOULEVARD     CHICAGO        IL        60649       SFR         6/1/27
    3255593  3255593AD    ROSS           5264 NORMAN BOULEVARD          COLLEGE PAR    GA        30349       SFR         6/1/27
    3255601  3255601AD    GRIER          464 CASAR-BELWOOD ROAD         LAWNDALE       NC        28090       SFR         6/1/27
    3255619  3255619AD    SEIDLING       132 NORTH INDES DRIVE          DUCK KEY       FL        33050       SFR         6/1/27
    3255627  3255627AD    RUEB           20400 LARKIN ROAD              CORCORAN       MN        55340       SFR         6/1/27
    3255635  3255635AD    LAMON          7824 SOUTH EBERHART            CHICAGO        IL        60619       SFR         6/1/27

<CAPTION>
 Servicer          07/01/97         Current    Current            Occupancy  Original                                    Due
Loan Number    Scheduled Balance     Rate    P&I Payment  LTV      Status      Term    Servicer       Originator         Date
- - -----------    -----------------     ----    -----------  ---      ------      ----    --------       ----------         ----
    <S>          <C>                <C>       <C>         <C>      <C>          <C>     <C>      <C>                    <C>
    3248531      $    92,800.00       6.98    $   616.15  80.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248564      $    58,100.00      13.28    $   655.44  70.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248572      $    34,850.00      10.88    $   328.73  85.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248580      $    30,000.00      10.63    $   277.34  50.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3248598      $    32,500.00      12.12    $   337.30  65.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3248606      $    24,500.00      14.63    $   336.71  70.00    OWNER        180     ADVANTA         AMRESCO         7/1/97
    3248614      $    26,250.00      10.01    $   230.56  75.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3248630      $    51,675.00      11.88    $   526.77  65.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248663      $    61,700.00      10.75    $   575.96  64.95    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248671      $    51,935.00       11.4    $   510.35  65.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3248689      $    62,250.00      10.63    $   575.48  75.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3248705      $    52,500.00       9.03    $   423.56  75.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3252806      $    26,250.00      10.85    $   247.01  75.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3252814      $    44,400.00      11.63    $   444.10  80.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3252848      $    94,231.83      13.75    $ 1,098.12  65.00    OWNER        360     ADVANTA   BANKERS WHSL MTG LLC  6/7/97
    3252855      $   343,871.89       10.8    $ 3,224.11  84.94    OWNER        360     ADVANTA         AMRESCO         6/1/97
    3252863      $    79,979.52       12.5    $   853.81  31.37    NON OWNER    360     ADVANTA         AMRESCO         6/1/97
    3252889      $    21,000.00       14.5    $   257.16  38.89    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3252905      $   350,000.00      10.89    $ 3,304.07  63.75    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3252921      $    82,500.00      10.55    $   757.75  75.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3252954      $    72,000.00      11.03    $   687.31  60.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3252988      $    56,700.00      13.08    $   630.76  70.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3253028      $    86,000.00       8.63    $   669.21  53.09    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3253036      $    63,050.00      13.38    $   716.23  65.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3253044      $    30,100.00      11.88    $   306.83  70.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3253051      $    86,800.00      14.63    $ 1,071.90  70.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3253069      $    37,200.00      13.23    $   418.20  60.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3253077      $    37,600.00      10.23    $   336.38  80.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3253085      $    44,100.00      13.45    $   503.39  70.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3253101      $    54,400.00      10.87    $   512.73  72.53    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3253135      $    79,950.00       9.81    $   690.42  65.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3253143      $    48,000.00       9.88    $   416.98  64.86    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3253150      $    65,000.00      12.93    $   715.48  65.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3253168      $    28,000.00      14.63    $   345.77  70.00    OWNER        360     ADVANTA    CHASE MTG BROKERS    7/1/97
    3253184      $    71,610.00       10.5    $   655.04  77.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3253218      $    70,000.00      11.88    $   713.57  70.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3253226      $    40,800.00       9.77    $   351.13  60.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3253234      $    37,000.00      12.33    $   390.01  51.39    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3253267      $   123,250.00        8.6    $   956.43  85.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3253275      $    49,000.00       9.76    $   421.35  70.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3253291      $    55,250.00       11.8    $   559.82  65.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3253309      $    35,750.00      14.01    $   423.87  65.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3253325      $    25,300.00      11.31    $   246.88  55.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3255445      $    35,693.42      13.95    $   421.59  70.00    OWNER        360     ADVANTA    EDGE MTG SERVICES    6/1/97
    3255452      $    83,476.05      11.99    $   858.25  71.98    OWNER        360     ADVANTA         AMRESCO         6/1/97
    3255478      $    39,600.00      12.85    $   433.42  60.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3255486      $   121,500.00       10.6    $ 1,120.50  77.88    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3255528      $    60,000.00       8.75    $   472.02  40.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3255536      $   116,250.00       10.3    $ 1,046.04  75.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3255544      $    42,750.00        8.9    $   340.90  75.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3255569      $    31,850.00      13.31    $   360.06  65.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3255577      $   140,000.00       9.55    $ 1,182.31  70.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3255585      $    49,500.00      13.51    $   567.37  62.66    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3255593      $    56,000.00       11.7    $   563.12  70.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3255601      $    23,250.00      11.38    $   228.12  75.00    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3255619      $   250,000.00      10.88    $ 2,358.17  58.82    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3255627      $   170,000.00      10.76    $ 1,588.20  81.84    OWNER        360     ADVANTA         AMRESCO         7/1/97
    3255635      $    56,875.00       11.8    $   576.28  65.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
</TABLE>


                                     Page 2
<PAGE>

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

<TABLE>
<CAPTION>
 Servicer      AMRESCO    Last                                                                   Zip       Property     Maturity
Loan Number  Loan Number  Name           Address                        City           State     Code        Type         Date
- - -----------  -----------  ----           -------                        ----           -----     ----        ----         ----
    <S>      <C>          <C>            <C>                            <C>            <C>       <C>         <C>         <C>
    3255650  3255650AD    MAULDEN        6913 CEDAR SQUARE ROAD         HIGH POINT     NC        27263       SFR         6/1/27
    3257698  3257698AD    WHITELEY       3 WARWICK LANE                 STAMFORD       CT        6902        SFR         5/1/27
    3257771  3257771AD    JACOBS         965 UPPER HEMBRE ROAD          ROSWELL        GA        30076       SFR         6/1/27
    3257789  3257789AD    MANMANO        94-1096 HAPALIMA PLACE         WAIPAHU        HI        96797       SFR         6/1/27
    3257805  3257805AD    WILSON         542 ARTHUR DRIVE               INDIANAPOLI    IN        46280       SFR         6/1/27
    3257813  3257813AD    LONGIELIERE    145 LILLY STREET SOUTHEAST     GRAND RAPID    MI        49548       SFR         6/1/27
    3257839  3257839AD    VAN HEE        35943 EAST CROWN POINT HWY     CORBETT        OR        97019       SFR         6/1/27
    3257847  3257847AD    FREEMAN        2629 BLACKTHORN PLACE          COLUMBUS       OH        43224       SFR         6/1/27
    3257854  3257854AD    JONES          108 SEDGEFIELD DRIVE           BURLINGTON     NC        27215       SFR         6/1/27
    3257862  3257862AD    KELLER         2103 HOME AVENUE               COLUMBUS       IN        47201       SFR         6/1/27
    3257870  3257870AD    PITTMAN        1112 ADAMS AVENUE              EVANSVILLE     IN        47714       SFR         6/1/27
    3257896  3257896AD    KELSO          6800 WEST LOWELL ROAD          COLUMBUS       IN        47201       SFR         6/1/27
    3257912  3257912AD    KRACK          1611 SOUTH BOSSE AVENUE        EVANSVILLE     IN        47712       SFR         6/1/27
    3257920  3257920AD    SANTIAGO       3255 HSTREET                   PHILADELPHI    PA        19134       SFR         6/1/27
    3266475  3266475AD    TRAWICK        1318 60TH STREET               MINNEAPOLIS    MN        55417       SFR         6/1/27
    3266483  3266483AD    WOOTEN         2207 TRINIDAD DRIVE            DALLAS         TX        75232       SFR         5/1/27
    3266491  3266491AD    DAGOSTINO      7025 MEADOW RUN LANE           CHARLOTTE      NC        28277       SFR         6/1/27
    3266509  3266509AD    MADRID         3143 COMMUNITY DRIVE           DALLAS,        TX        75229       SFR         5/1/27
    3266525  3266525AD    COAKLEY        7932 FORREST AVENUE            PHILADELPHI    PA        19150       SFR         5/1/27
    3266533  3266533AD    GREGORY        82 REGENCY DRIVE               WINDSOR        CT        6095        SFR         5/1/27
    3266541  3266541AD    REED           7537 44TH AVENUE SOUTH         SEATTLE        WA        98118       SFR         6/1/27
    3266582  3266582AD    HOWARD         2830 OAK STREET                SUTTER         CA        95982       SFR         6/1/27
    3266590  3266590AD    DEXTER         11 EAST KENWOOD DRIVE          TWIN LAKE      MI        49457       SFR         6/1/27
    3266608  3266608AD    NAYLOR         1141 DELL STREET               TOMS RIVER     NJ        8755        SFR         6/1/27
    3266616  3266616AD    SCALES         8533 SCOGGINS ROAD             OAK RIDGE      NC        27310       SFR         6/1/27
    3266632  3266632AD    DAVIS          9304 GRAPE STREET              LOS ANGELES    CA        90002       SFR         6/1/27
    3266657  3266657AD    KACIREK        205 WEST GROVE STREET          LOMBARD        IL        60148       SFR         6/1/27
    3266665  3266665AD    ORTIZ          11223 EAST AVENUE              LITTLE ROCK    CA        93543       SFR         6/1/27
    3266699  3266699AD    MALONE         11711 DENVER STREET            LOS ANGELES    CA        90044       SFR         6/1/27
    3266756  3266756AD    MANRIQUEZ      340 EAST AVENUE Q-7 ##1,2      PALMDALE       CA        93557       2-4 UNITS   6/1/27
    3266764  3266764AD    COROAMA        15923 SOUTHEAST 441ST PLAC     NORTH BEND     WA        98045       SFR         6/1/27
    3266814  3266814AD    CASTALDO       47 HIGH COUNTRY ESTATES        BLAKESLEE      PA        18610       SFR         6/1/27
    3266822  3266822AD    RUMSEY         24088 GREEN VALLEY ROAD        AUBURN         CA        95602       SFR         6/1/27
    3266848  3266848AD    PARKER         17922 MACKESON COURT           CARSON         CA        90746       SFR         6/1/27
    3266855  3266855AD    TRULEY         3802 CRESTWAY PLACE            LOS ANGELES    CA        90043       SFR         6/1/27
    3266897  3266897AD    GLASER         27290 FORESTVIEW AVENUE        EUCLID         OH        44132       SFR         6/1/27
    3266905  3266905AD    LASSITER       1016 WIDGEON ROAD              NORFOLK        VA        23513       SFR         6/1/27
    3266921  3266921AD    MARVEL         1312 171ST STREET              HAMMOND        IN        46324       SFR         6/1/27
    3266988  3266988AD    MOE            7675 HUETTER ROAD              COEUR D AL     ID        83814       SFR         6/1/27
    3266996  3266996AD    LEMKE          4854 SOUTH 20TH STREET         MILWAUKEE      WI        53221       SFR         6/1/27
    3267002  3267002AD    WILBUR         1802 10TH STREET               DES MOINES     IA        50314       SFR         6/1/27
    3267010  3267010AD    STEWART        121 ADAMS AVENUE               EVANSVILLE     IN        47713       SFR         6/1/27
    3267028  3267028AD    MARCUS         201 KEY AVENUE                 BALTIMORE      MD        21225       SFR         6/1/27
    3267036  3267036AD    SHEEHAN        6750 DONCASTER ROAD            GLADSTONE      OR        97027       SFR         6/1/27
    3267044  3267044AD    DUNCAN         2817 OAKLEY STREET             EVANSVILLE     IN        47710       SFR         6/1/27
    3267077  3267077AD    GONZALEZ       9722 SOUTH EXCHANGE            CHICAGO        IL        60617       2-4 UNITS   6/1/27
    3267085  3267085AD    DENT           18207 OLYMPIA ROAD             CLEVELAND      OH        44112       SFR         6/1/27
    3267119  3267119AD    WALKUP         37 SOUTH IRVING STREET         DENVER         CO        80219       SFR         6/1/27
    3267127  3267127AD    ALBINO         32 BAYTREE CIRCLE              BOYNTON BEA    FL        33426       SFR         6/1/27
    3267143  3267143AD    KALLER         303 WEST FARRIS AVENUE         HIGH POINT     NC        27262       SFR         6/1/27
    3267200  3267200AD    LEWIS          4000 JENNY DRIVE               SAINT LOUIS    MO        63121       SFR         6/1/27
    3267267  3267267AD    JONES          108 EAST WILSON STREET         REPUBLIC       MO        65738       SFR         6/1/27
    3267283  3267283AD    ROKO           15122 WEST GUNSIGHT DRIVE      SUN CITY WE    AZ        85375       SFR         6/1/27
    3267291  3267291AD    WRIGHT         113 WILLIAMS ROAD              DREXEL         NC        28619       SFR         6/1/27
    3267325  3267325AD    KRUTINA        1093 ULAO PARKWAY              GRAFTON        WI        53024       SFR         6/1/27
    3267333  3267333AD    DAVIS          4044 /4046/4048 WILLOW DRI     MULBERRY       FL        33860       2-4 UNITS   6/1/27
    3270659  3270659AD    WHITNER        7111 ST. CHARLES ROCK ROAD     PAGEDALE       MO        63133       SFR         6/1/27
    3270667  3270667AD    BROWN          353 NEWPORT ROAD               UNIONDALE      NY        11553       SFR         6/1/27

<CAPTION>
 Servicer          07/01/97         Current    Current            Occupancy  Original                                    Due
Loan Number    Scheduled Balance     Rate    P&I Payment  LTV      Status      Term    Servicer       Originator         Date
- - -----------    -----------------     ----    -----------  ---      ------      ----    --------       ----------         ----
    <S>          <C>                <C>       <C>         <C>      <C>          <C>     <C>      <C>                    <C>
    3255650      $    59,063.00      14.63    $   729.37  70.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3257698      $   149,937.10      10.25    $ 1,344.15  60.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3257771      $    53,250.00       9.63    $   452.81  75.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3257789      $   252,000.00      14.75    $ 3,136.08  70.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3257805      $    80,750.00        9.6    $   684.89  85.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3257813      $    78,300.00      10.75    $   730.92  90.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3257839      $   130,000.00         10    $ 1,140.84  60.47        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3257847      $    51,750.00       11.6    $   516.43  75.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3257854      $    43,350.00      10.78    $   405.64  85.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3257862      $    19,000.00        9.5    $   159.76  30.89        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3257870      $    28,500.00       9.53    $   240.27  75.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3257896      $    66,500.00     13.875    $   781.36  70.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3257912      $    53,250.00      10.35    $   481.14  75.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3257920      $    28,000.00      10.38    $   253.62  80.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266475      $   100,400.00       8.75    $   789.85  80.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266483      $    46,941.13      13.84    $   550.36  55.24        OWNER    360     ADVANTA         AMRESCO         6/1/97
    3266491      $   297,500.00      10.99    $ 2,830.91  85.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266509      $    34,990.53      12.25    $   366.76  70.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266525      $    44,094.34       15.5    $   575.29  69.99        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266533      $    98,960.66       10.5    $   905.59  90.00    NON OWNER    360     ADVANTA         AMRESCO         6/1/97
    3266541      $    99,000.00      11.05    $   946.54  90.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266582      $    90,950.00        9.5    $   764.76  85.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266590      $    35,700.00       11.7    $   358.99  70.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266608      $    45,000.00      10.38    $   407.60  48.91        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266616      $    25,000.00      10.88    $   235.82  50.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266632      $    67,800.00       10.4    $   615.13  60.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266657      $   107,000.00      10.93    $ 1,013.33  69.03        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266665      $    59,000.00       9.13    $   480.26  79.99        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266699      $    97,500.00       7.65    $   691.78  75.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266756      $    42,000.00       8.63    $   326.82  60.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266764      $    60,000.00      10.81    $   562.80  18.75    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266814      $   100,000.00      10.73    $   931.98  80.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266822      $   183,750.00        9.8    $ 1,585.45  75.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266848      $    55,000.00       8.88    $   437.80  37.29    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266855      $   205,600.00       8.15    $ 1,530.17  79.84        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266897      $    52,000.00      10.99    $   494.82  65.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266905      $    33,200.00      10.88    $   313.16  80.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266921      $    49,125.00      11.35    $   480.87  75.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266988      $   248,500.00      13.75    $ 2,895.30  70.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3266996      $    75,000.00      12.38    $   793.47  62.50        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3267002      $    40,000.00      11.33    $   390.94  66.67        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3267010      $    19,000.00       11.7    $   191.06  70.37        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3267028      $   132,000.00       7.78    $   948.40  80.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3267036      $   136,500.00         11    $ 1,299.92  65.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3267044      $    43,775.00       9.85    $   379.31  85.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3267077      $    70,000.00      11.73    $   705.51  80.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3267085      $    38,675.00         12    $   397.82  65.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3267119      $    56,000.00         15    $   708.09  70.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3267127      $   102,500.00       11.5    $ 1,015.05  89.99        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3267143      $    99,000.00      10.38    $   896.72  66.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3267200      $    32,625.00      11.35    $   319.35  75.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3267267      $    59,920.00      10.25    $   536.94  80.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3267283      $   149,069.00       9.68    $ 1,273.08  75.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3267291      $    46,200.00       9.44    $   386.45  70.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3267325      $    97,500.00      11.38    $   956.62  65.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3267333      $    51,375.00      10.05    $   452.75  77.26        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3270659      $    33,250.00      13.95    $   392.65  70.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3270667      $   127,500.00      10.75    $ 1,190.19  85.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
</TABLE>


                                     Page 3
<PAGE>

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

<TABLE>
<CAPTION>
 Servicer      AMRESCO    Last                                                                   Zip       Property     Maturity
Loan Number  Loan Number  Name           Address                        City           State     Code        Type         Date
- - -----------  -----------  ----           -------                        ----           -----     ----        ----         ----
    <S>      <C>          <C>            <C>                            <C>            <C>       <C>         <C>         <C>
    3270675  3270675AD    CLARK          27 WESTDELL DRIVE              DELLWOOD       MO        63136       SFR         6/1/27
    3270683  3270683AD    DERNER         7625 ANGELINE DRIVE            NEW HOPE       MN        55428       SFR         6/1/27
    3270709  3270709AD    HATCHER        4426 13TH PLACE N.E.           WASHINGTON     DC        20017       SFR         5/1/27
    3270741  3270741AD    SEMB           W 14785 SEMB ROAD              WHITNALL       WI        54773       SFR         6/1/27
    3270758  3270758AD    SWAIM          446 NORTH OAK                  COLVILLE       WA        99114       SFR         6/1/27
    3270782  3270782AD    WOODSTROM      520 SPRING FORK DRIVE          CARY           NC        27513       CONDO       6/1/27
    3270824  3270824AD    HILL           1002 SHEPHERD STREET           DURHAM         NC        27707       SFR         6/1/27
    3270857  3270857AD    COUSINS        604 MANOR STREET               MANORVILLE     PA        16238       SFR         6/1/27
    3270873  3270873AD    CRAWFORD       755 BELLEFONTAINE AVENUE       MARION         OH        43302       SFR         6/1/27
    3270907  3270907AD    MELNYK         1972 GOODNAW STREET            PHILADELPHI    PA        19115       2-4 UNITS   6/1/27
    3270923  3270923AD    MORALES        320 SOUTH BEDFORD STREET       LA HABRA       CA        90631       SFR         6/1/27
    3270949  3270949AD    THOMPSON       5111 FORT STREET               OMAHA          NE        68104       SFR         6/1/12
    3270972  3270972AD    NAVARRO        354 EAST ASH AVENUE            FULLERTON      CA        92832       SFR         6/1/27
    3270980  3270980AD    CARDARELLE     12290 62ND STREET NORTHWES     ANNANDALE      MN        55302       SFR         6/1/27
    3270998  3270998AD    BRADLEY        11155 DAWN HARVEST DRIVE       HOUSTON        TX        77064       SFR         6/1/27
    3271004  3271004AD    PARDO          1422  MESSINA AVENUE           CORAL GABLE    FL        33134       SFR         6/1/27
    3271038  3271038AD    GIBSON         75 WEST CROSSCUT               BAILEY         CO        80421       SFR         6/1/27
    3271046  3271046AD    GALE           1206\1208\ 1210\1212 S.W 2     HOMESTEAD      FL        33030       2-4 UNITS   6/1/27
    3271087  3271087AD    WHITFIELD      403 LAW STREET                 GREENSBORO     NC        27401       2-4 UNITS   6/1/27
    3271095  3271095AD    GARZA          10803 TRYON DRIVE              HOUSTON        TX        77065       SFR         6/1/27
    3271103  3271103AD    JACKSON        4118 WEST 191ST PLACE          COUNTRY CLU    IL        60478       CONDO       6/1/27
    3305182  3305182AD    HOBSON         3277 WOODVIEW                  ALVARADO       TX        76009       SFR         5/1/27
    3305232  3305232AD    GARCIA         131 ENCHANDIA STREET           LOS ANGELES    CA        90003       SFR         6/1/27
    3305240  3305240AD    GARCIA         121 ECHANDIA STREET            LOS ANGELES    CA        90033       SFR         6/1/27
    3305265  3305265AD    MANRIQUEZ      346 EAST AVENUE Q-7 #1         PALMDALE       CA        93552       2-4 UNITS   6/1/27
    3305307  3305307AD    JENNINGS       251 OAK BLUFF ROAD             CATOOSA        OK        74015       SFR         6/1/27
    3305315  3305315AD    POTTER         5600 HILLDALE DRIVE            RACINE         WI        53406       SFR         6/1/27
    3305331  3305331AD    WILLIAMSON     2580 SOUTH IRVING STREET       DENVER         CO        80219       SFR         6/1/27
    3305349  3305349AD    RACHAL         133 VALLEY DRIVE               BOLINGBROOK    IL        60440       SFR         6/1/27
    3305364  3305364AD    CAREY          313 GEORGE AVENUE              ESSEX          MD        21221       SFR         6/1/27
    3305398  3305398AD    HAMILTON       69175 EAST BARLOW TRAIL RO     RHODODENDRO    OR        97049       SFR         6/1/27
    3305406  3305406AD    ROQUE          700 WEST ROGERS STREET         MILWAUKEE      WI        53204       SFR         6/1/27
    3305422  3305422AD    WILLIAMS       1316 - 18 EAST 142ND           CLEVELAND      OH        44112       2-4 UNITS   6/1/27
    3305430  3305430AD    DOUGAN         COUNTY ROAD 66                 DIXON          NM        87527       SFR         6/1/27
    3305471  3305471AD    BOHLEN         4439 SAN FRANCISCO             SAINT LOUIS    MO        631152750   2-4 UNITS   6/1/27
    3305505  3305505AD    NERESTAND      2603 COVENTRY LANE             OCOEE          FL        34761       SFR         6/1/27
    3305513  3305513AD    TAYLOR         352 NASSAU DRIVE               SPRINGFIELD    MA        1128        CONDO       6/1/27
    3311263  3311263AD    GATYAS         775 AUDREY DRIVE               RAHWAY         NJ        70653739    2-4 UNITS   6/1/27
    3311297  3311297AD    BROWN          307 MILITARY ROAD EAST         TACOMA         WA        98445       SFR         6/1/27
    3311313  3311313AD    BOWEN          7454 WEST DICKSON WAY          MAGNA          UT        84044       SFR         6/1/27
    3311321  3311321AD    STALLINGS      1205 SCOTT STREET              ROCKY MOUNT    NC        27801       SFR         6/1/27
    3311347  3311347AD    LUNDIN         324 EAST GARLAND AVENUE        SPOKANE        WA        99207       SFR         6/1/27
    3311362  3311362AD    DAVIS          8708 LORFAX DRIVE              LORTON         VA        22079       SFR         6/1/27
    3311396  3311396AD    BERGEVIN       2426 RANGELINE ROAD            EAGLE RIVER    WI        54521       SFR         6/1/27
    3311404  3311404AD    STAHL          7978 VINTAGE WAY               FAIR OAKS      CA        95628       SFR         6/1/27
    3311420  3311420AD    VELEZ          7348 WEST  MAPLE RIDGE DRI     MARANA         AZ        85743       SFR         6/1/27
    3311487  3311487AD    STOKNES        3622 BARCELONA STREET          LAS VEGAS      NV        89121       SFR         6/1/27
    3311495  3311495AD    KAMPFEN        118 NORTH MAIN STREET          CANTON         NC        28716       SFR         6/1/27
    3311511  3311511AD    DILAURO        613 SYCAMORE STREET            WELDON         NC        27890       SFR         6/1/27
    3311537  3311537AD    BROOKS         1628 BEDFORD ROAD              ROCKY MOUNT    NC        27801       SFR         6/1/27
    3326535  3326535AD    NASH           2841 FAKES DRIVE               DALLAS         TX        75224       SFR         6/1/27
    3326568  3326568AD    LISZEWSKI      RR1 BOX 343B CHESTNUT ROAD     WARRENTON      MO        63383       SFR         6/1/27
    3326576  3326576AD    HERNANDEZ      5561 RAGAN ROAD                THE COLONY     TX        75056       SFR         5/1/27
    3326584  3326584AD    COLTER         253 SOUTH 51ST STREET          PHILADELPHI    PA        19139       SFR         5/1/27
    3326592  3326592AD    MEHL           46 AVERY ROAD                  SOMERS         CT        6071        SFR         5/1/27
    3326600  3326600AD    VAULX          6917 ROLAND BLVD.              ST. LOUIS      MO        63121       SFR         5/1/27
    3326626  3326626AD    NEW            30925 SOUTHEAST JUDD ROAD      EAGLE CREEK    OR        97022       SFR         6/1/27
    3326642  3326642AD    WHEELER        254 DIXIE LEE LANE             SUGARLOAF      CA        92386       SFR         6/1/27

<CAPTION>
 Servicer          07/01/97         Current    Current            Occupancy  Original                                    Due
Loan Number    Scheduled Balance     Rate    P&I Payment  LTV      Status      Term    Servicer       Originator         Date
- - -----------    -----------------     ----    -----------  ---      ------      ----    --------       ----------         ----
    <S>          <C>                <C>       <C>         <C>      <C>          <C>     <C>      <C>                    <C>
    3270675      $    39,750.00      11.55    $   395.16  75.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3270683      $    87,500.00      10.03    $   769.82  70.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3270709      $    65,979.89     11.715    $   664.44  40.00    NON OWNER    360     ADVANTA         AMRESCO         6/1/97
    3270741      $    28,600.00      11.63    $   286.06  65.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3270758      $    37,050.00       10.5    $   338.91  65.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3270782      $    78,400.00      10.03    $   689.75  84.30        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3270824      $    80,500.00      10.83    $   756.30  70.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3270857      $    52,700.00      11.53    $   523.09  85.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3270873      $    40,000.00       9.24    $   328.78  67.80        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3270907      $    65,975.00      11.13    $   634.78  65.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3270923      $   119,800.00        9.5    $ 1,007.34  81.50        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3270949      $    40,200.00        9.8    $   427.09  60.00        OWNER    180     ADVANTA         AMRESCO         7/1/97
    3270972      $    87,750.00       11.7    $   882.40  67.50        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3270980      $    27,420.00       9.33    $   227.83  72.37        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3270998      $    71,250.00       9.75    $   612.15  75.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3271004      $   156,600.00       9.75    $ 1,345.44  90.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3271038      $    83,200.00         12    $   855.81  65.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3271046      $    75,000.00      10.13    $   665.39  75.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3271087      $    31,500.00      10.26    $   282.51  75.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3271095      $   105,600.00      10.35    $   954.14  80.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3271103      $    42,000.00       9.78    $   361.77  80.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3305182      $    64,968.70        9.6    $   551.30  62.50        OWNER    360     ADVANTA         AMRESCO         6/1/97
    3305232      $    37,000.00      10.68    $   343.44  59.68    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3305240      $    84,000.00      11.13    $   808.21  62.22    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3305265      $    40,676.00       9.81    $   351.26  65.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3305307      $    88,200.00      12.35    $   931.07  60.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3305315      $    59,500.00      13.88    $   699.35  70.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3305331      $    52,000.00       11.7    $   522.90  54.74        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3305349      $    73,125.00      12.23    $   765.14  75.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3305364      $    68,900.00      12.88    $   755.71  65.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3305398      $   126,000.00       9.75    $ 1,082.53  90.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3305406      $    25,200.00      12.58    $   270.51  70.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3305422      $    39,000.00      12.38    $   412.60  65.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3305430      $   115,000.00      11.06    $ 1,100.39  63.89        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3305471      $    30,000.00      11.98    $   308.12  60.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3305505      $    96,750.00       9.77    $   832.65  75.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3305513      $    45,000.00      11.25    $   437.07  56.25        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3311263      $    58,500.00      10.91    $   553.13  75.00    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
    3311297      $    70,700.00       11.6    $   705.54  83.18        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3311313      $    85,000.00       8.65    $   662.63  85.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3311321      $    42,000.00      12.78    $   457.39  70.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3311347      $    58,000.00      11.45    $   572.16  71.61        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3311362      $   138,750.00      10.68    $ 1,287.91  75.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3311396      $   137,800.00       8.38    $ 1,047.87  65.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3311404      $    82,500.00      10.43    $   750.35  39.29        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3311420      $    81,250.00      11.75    $   820.15  65.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3311487      $   137,500.00      11.25    $ 1,335.48  88.71        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3311495      $    71,230.00      11.78    $   720.64  85.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3311511      $    87,000.00      11.13    $   837.08  75.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3311537      $    54,000.00      11.98    $   554.62  60.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3326535      $    29,728.51         13    $   329.09  70.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3326568      $    45,000.00         12    $   462.88  56.25        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3326576      $    49,694.65      16.25    $   678.37  70.00        OWNER    360     ADVANTA  MUTUAL EQUITY MTG CO   6/1/97
    3326584      $    37,484.27      10.25    $   336.04  75.00        OWNER    360     ADVANTA         AMRESCO         6/1/97
    3326592      $   107,087.91      16.05    $ 1,444.55  70.00        OWNER    360     ADVANTA         AMRESCO         6/1/97
    3326600      $    29,694.66      14.05    $   353.08  60.00        OWNER    360     ADVANTA    EDGE MTG SERVICES    6/1/97
    3326626      $   243,750.00        9.4    $ 2,031.82  75.00        OWNER    360     ADVANTA         AMRESCO         7/1/97
    3326642      $    47,750.00       9.38    $   397.33  74.99    NON OWNER    360     ADVANTA         AMRESCO         7/1/97
</TABLE>


                                     Page 4
<PAGE>

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

<TABLE>
<CAPTION>
 Servicer      AMRESCO    Last                                                                   Zip       Property     Maturity
Loan Number  Loan Number  Name           Address                        City           State     Code        Type         Date
- - -----------  -----------  ----           -------                        ----           -----     ----        ----         ----
    <S>      <C>          <C>            <C>                            <C>            <C>       <C>         <C>         <C>
    3326659  3326659AD    PEARSON        14620 SOUTHEAST HIGHWAY 21     CLACKAMAS      OR        97015       SFR         6/1/27
    3326667  3326667AD    CADET          295 NORTH HOLLISTON AVENUE     PASADENA       CA        91104       SFR         6/1/27
    3326725  3326725AD    THOMPSON       1916 3RD STREET NORTHWEST      WASHINGTON     DC        20001       SFR         6/1/27
    3326782  3326782AD    MAHONEY        4555 SOUTH EVERGREEN AVENU     TUCSON         AZ        85730       SFR         6/1/27
    3326790  3326790AD    WILLIAMS       4425 AIRLINE BOULEVARD         CHESAPEAKE     VA        23321       SFR         6/1/27
    3326808  3326808AD    MEYERS         1220 EAST RIVERSIDE AVENUE     BALTIMORE      MD        21221       SFR         6/1/27
    3326816  3326816AD    KUSS           224 SOUTH POKEGAMA AVENUE      GRAND RAPID    MN        55744       SFR         6/1/27
    3326824  3326824AD    PAGEL          114 EAST MAPLE STREET          LIME RIDGE     WI        53942       SFR         6/1/27
    3326857  3326857AD    BUTLER         3705 ATKINS STREET             PITTSBURGH     PA        15212       SFR         6/1/27
    3326949  3326949AD    KETRENOS       885 SOUTHWEST 84TH COURT       PORTLAND       OR        97225       SFR         6/1/27
    3326972  3326972AD    WILKERSON      2315 MASSACHUSETTS AVENUE      ROANOKE        VA        24017       SFR         6/1/27
    3326980  3326980AD    HAWTHORNE      #19 BOUGIE LANE                RUIDOSO        NM        88345       CONDO       6/1/27
    3326998  3326998AD    HINKS          2115 FREMONT AVENUE SOUTH      MINNEAPOLES    MN        55405       SFR         6/1/27
    3327012  3327012AD    SCOTT          11 COLONY ROAD                 NEWPORT NEW    VA        23602       SFR         6/1/27
    3327038  3327038AD    RISSER         1010 LAGRO DRIVE               FORT WAYNE     IN        46804       SFR         6/1/27
    3331964  3331964AD    ELKINS         2236 ARDEN ROAD                DALLAS         TX        75241       SFR         6/1/27
    3331998  3331998AD    DICKSON        2200 PLEASANT AVENUE SOUTH     MINNEAPOLIS    MN        55404       2-4 UNITS   6/1/27
    3332004  3332004AD    SMALL          612 NORTH HAMLIN               CHICAGO        IL        60624       2-4 UNITS   5/1/27
    3332061  3332061AD    WILLIAMSON     2672 CALLE PALO FIERRO         PALM SPRING    CA        92264       SFR         6/1/27
    3332087  3332087AD    GERALDE        731 WEST ESTREET               WILMINGTON     CA        90748       SFR         6/1/27
    3332137  3332137AD    VALENZUELA     1926 GRIFFIN AVENUE            LOS ANGELES    CA        90031       SFR         6/1/27
    3332160  3332160AD    TAYLOR         LOT #10 HIBISCUS DRIVE         KEAAU          HI        96749       SFR         6/1/27
    3332178  3332178AD    KELLEY         122 WEST SPRUCE STREET         RAWLINS        WY        82301       SFR         6/1/27
    3332210  3332210AD    AMOYAL         7002 BLVD EAST                 GUTTENBERG     NJ        7093        CONDO       6/1/27
    3332228  3332228AD    RHOADS         59 SOUTH 6TH STREET            FRUITPORT      MI        49415       SFR         6/1/27
    3332251  3332251AD    SANTORO        4740 SOUTH OCEAN BOULEVARD     HIGHLAND BE    FL        33487       CONDO       6/1/27
    3332277  3332277AD    SAPPS          181 MARLOWTOWN ROAD            CALABASH       NC        28467       SFR         6/1/27
    3332293  3332293AD    VIGIL          81 EL SALTO ROAD               TAOS           NM        87571       SFR         6/1/27
    3332350  3332350AD    WEBSTER        415 CREEKWAY COURT             WINSTON-SAL    NC        27104       SFR         6/1/27
    3332368  3332368AD    BEDROSIAN      78 ALEXANDER STREET            PROVIDENCE     RI        2907        SFR         6/1/27
    3332384  3332384AD    BACCAY         2561 CALIFORNIA AVENUE         WAHIAWA        HI        96786       SFR         6/1/27
    3332418  3332418AD    MOLNAR         5618 255TH STREET EAST         GRAHAM         WA        98338       SFR         6/1/27
    3332434  3332434AD    SUNDIN         87 MAIHA STREET                LAHAINA        HI        96761       SFR         6/1/27
    3332442  3332442AD    TUBBS          1318 BOGARD LANE               LEWISVILLE     TX        75067       SFR         6/1/27
    3332459  3332459AD    WENGER         437 SPRINGDALE DRIVE           PITTSBURGH     PA        15235       SFR         6/1/27
    3332483  3332483AD    GONZALES       321 WEST ALEXANDRIA STREET     CALIPATRIA     CA        92233       SFR         6/1/27
    3332491  3332491AD    PAXSON         217 BOWEN AVENUE               MODESTO        CA        95350       SFR         6/1/27
    3332558  3332558AD    MOYNIHAN       939 LARCH STREET               INGLEWOOD      CA        90301       SFR         6/1/27
    3332566  3332566AD    MILLER         10 NORTH DENSMORE              MUSKEGON       MI        49442       SFR         6/1/27
    3332582  3332582AD    BROWN          2109 MARCONI AVENUE            SACRAMENTO     CA        95821       SFR         6/1/27
    3332624  3332624AD    HARRIS         3135-37 N 11TH STREET          MILWAUKEE      WI        53206       2-4 UNITS   6/1/27
    3332640  3332640AD    GARRELTS       8463 AURA AVENUE               LOS ANGELES    CA        91234       SFR         6/1/27
    3332657  3332657AD    JOHNSON        9139 NEWBY STREET              SAINT  LOUI    MO        63137       SFR         6/1/27
    3332673  3332673AD    SCHULTZ        130 JAMES STREET               BEAVER DAM     WI        53916       2-4 UNITS   6/1/27
    3332699  3332699AD    WADE           8633 ROAD 11.5 NORTHWEST       EPHRATA        WA        98823       SFR         6/1/27
    3332715  3332715AD    MAYS           2415 WEST 233RD STREET         TORRANCE       CA        90501       SFR         6/1/27
    3332723  3332723AD    BLOEMKER       3736 ELMORE DRIVE              ALTON          IL        62002       SFR         6/1/27
    3332749  3332749AD    GRANT          820 BRONCO LANE                FAYETTEVILL    NC        28303       SFR         6/1/27
    3332756  3332756AD    BIGGS          4095 NORTH 110TH AVENUE        ROYAL PALM     FL        33411       SFR         6/1/27
    3332764  3332764AD    FALKOWSKI      4885 NORTH  56TH STREET        MILWAUKEE      WI        53218       SFR         6/1/27
    3332772  3332772AD    CHOE           13861 SOUTHEAST HAMPSHIRE      CLACKAMAS      OR        97015       SFR         6/1/27
    3332780  3332780AD    FORSTER        3852 SOUTH XANTHIA STREET      DENVER         CO        80237       SFR         6/1/27
    3332798  3332798AD    KEMPF          N7921 WEST RIVER ROAD          MANAWA         WI        54949       SFR         6/1/27
    3332814  3332814AD    HIPSHER        407 EAST PEORIA                PAOLA          KS        66071       SFR         6/1/27
    3332863  3332863AD    HENNESSY       1261 WILDHURST TRAIL           MOUND          MN        55364       SFR         6/1/27
    3332897  3332897AD    GONZALEZ       4517 21ST AVENUE               KENOSHA        WI        53140       SFR         6/1/27
    3332913  3332913AD    ROSE-PIERCE    3033 NORTH HALLECK STREET      PORTLAND       OR        97217       SFR         6/1/27
    3332921  3332921AD    NORTH          1496 RED HILL NORTH DRIVE      UPLAND         CA        91786       SFR         6/1/27

<CAPTION>
 Servicer          07/01/97         Current    Current            Occupancy  Original                                    Due
Loan Number    Scheduled Balance     Rate    P&I Payment  LTV      Status      Term    Servicer       Originator         Date
- - -----------    -----------------     ----    -----------  ---      ------      ----    --------       ----------         ----
    <S>          <C>                <C>       <C>         <C>      <C>          <C>     <C>      <C>                    <C>
    3326659      $   236,250.00      10.25    $ 2,117.04  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3326667      $   265,500.00        9.5    $ 2,232.47  90.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3326725      $    81,250.00      12.38    $   859.59  65.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3326782      $    85,500.00       11.8    $   866.32  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3326790      $    72,300.00       9.63    $   614.81  72.16        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3326808      $   150,000.00      10.42    $ 1,363.15  60.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3326816      $    32,850.00       9.88    $   285.37  41.58        OWNER    360     ADVANTA          AMRESCO        8/1/97 
    3326824      $    40,600.00      11.88    $   413.87  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3326857      $    37,400.00      10.78    $   349.97  55.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3326949      $   209,000.00        9.9    $ 1,818.70  55.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3326972      $    23,650.00      12.66    $   255.35  55.00    NON OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3326980      $    52,000.00       8.78    $   410.20  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3326998      $   163,000.00      10.65    $ 1,509.33  59.27        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3327012      $    46,400.00      11.23    $   449.96  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3327038      $    51,850.00      10.25    $   464.63  85.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3331964      $    23,800.00      10.53    $   218.24  70.00    NON OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3331998      $   186,750.00      12.37    $ 1,974.28  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332004      $    80,392.17     16.675    $ 1,125.06  60.00        OWNER    360     ADVANTA          AMRESCO        6/1/97 
    3332061      $   150,500.00       11.2    $ 1,456.04  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332087      $    76,000.00       9.55    $   641.82  59.84        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332137      $    94,250.00       9.17    $   769.91  72.50        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332160      $    41,250.00        9.4    $   343.85  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332178      $    99,200.00       11.6    $   989.94  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332210      $   140,000.00       9.71    $ 1,198.71  66.67        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332228      $    61,200.00      10.65    $   566.70  85.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332251      $   136,000.00      12.35    $ 1,435.66  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332277      $    39,900.00      13.88    $   468.98  70.00        OWNER    360     ADVANTA    CHASE MTG BROKERS    7/1/97 
    3332293      $   238,000.00      11.53    $ 2,362.34  74.38        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332350      $    43,400.00      11.33    $   424.17  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332368      $    56,000.00      15.13    $   713.91  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332384      $   232,000.00        7.5    $ 1,622.18  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332418      $   105,400.00       10.4    $   956.26  85.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332434      $   160,000.00       8.99    $ 1,286.25  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332442      $    98,200.00      11.49    $   971.72  63.77        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332459      $    58,792.46     15.505    $   767.29  70.00        OWNER    360     ADVANTA          AMRESCO        8/1/97 
    3332483      $    57,400.00       9.49    $   482.23  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332491      $    93,750.00      11.35    $   917.68  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332558      $    78,000.00       8.35    $   591.48  65.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332566      $    28,700.00      14.75    $   357.16  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332582      $    35,000.00       9.65    $   298.14  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332624      $    28,800.00      12.28    $   302.46  60.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332640      $   144,000.00       8.73    $ 1,130.79  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332657      $    42,000.00       12.2    $   438.49  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332673      $    68,000.00       9.73    $   583.23  85.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332699      $    85,000.00       9.05    $   686.99  50.30        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332715      $   340,000.00        8.9    $ 2,711.29  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332723      $    82,366.58      11.78    $   834.15  85.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332749      $    52,500.00      14.63    $   648.33  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332756      $   124,000.00       10.5    $ 1,134.28  77.50        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332764      $    36,400.00      13.88    $   427.84  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332772      $   168,000.00      10.25    $ 1,505.45  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332780      $   154,000.00      10.13    $ 1,366.28  75.86        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332798      $    59,500.00      12.58    $   638.71  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332814      $    42,185.00      10.43    $   383.68  59.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332863      $   112,000.00      11.73    $ 1,128.82  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332897      $    47,250.00      11.38    $   463.59  70.52        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332913      $    52,500.00      12.95    $   578.70  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
    3332921      $   157,250.00       9.99    $ 1,378.82  85.00        OWNER    360     ADVANTA          AMRESCO        7/1/97 
</TABLE>


                                     Page 5
<PAGE>

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

<TABLE>
<CAPTION>
 Servicer      AMRESCO    Last                                                                   Zip       Property     Maturity
Loan Number  Loan Number  Name           Address                        City           State     Code        Type         Date
- - -----------  -----------  ----           -------                        ----           -----     ----        ----         ----
    <S>      <C>          <C>            <C>                            <C>            <C>       <C>         <C>         <C>
    3338829  3338829AD    BRENNAN        800 LAWLER STREET              PHILADELPHI    PA        19116       SFR         5/1/27
    3338878  3338878AD    HEPTIG         3011 NORWICH AVENUE            PUEBLO         CO        81008       SFR         6/1/27
    3338886  3338886AD    LEVETT         2633 116TH AVENUE              ALLEGAN        MI        49010       SFR         6/1/27
    3338894  3338894AD    WHITE          8617 NORTH 39TH STREET         TAMPA          FL        33604       2-4 UNITS   6/1/12
    3338902  3338902AD    GREEN          10204 SOUTH EMERALD AVENUE     CHICAGO        IL        60628       SFR         6/1/27
    3338910  3338910AD    KERBY          329 SOUTH  HARRISON AVENUE     LIMA           OH        45804       SFR         6/1/27
    3338928  3338928AD    NELSON         W276 N9251 REDWING ROAD        LISBON         WI        53029       SFR         6/1/27
    3338944  3338944AD    LAND           801 WALNUT PLACE               ALTAMONTE S    FL        32701       SFR         6/1/27
    3338969  3338969AD    PITTS          213 SOUTH PETTIGREW STREET     RALEIGH        NC        27610       SFR         6/1/27
    3338985  3338985AD    JONES          1706 ALLENDALE PLACE           LANDOVER       MD        20785       SFR         6/1/27
    3339025  3339025AD    ORTIZ          4108 PRINCETON AVENUE          PHILADELPHI    PA        19135       SFR         6/1/27
    3339033  3339033AD    DEMENT         128 REX PLACE                  LOUISBURG      NC        27549       SFR         6/1/27
    3339041  3339041AD    GOSSE          401 E. WISCONSIN AVENUE        SILVER LAKE    WI        53170       SFR         6/1/27
    3339058  3339058AD    SCRUGGS        1800 EDGECOMBE AVENUE          FAYETTEVILL    NC        28301       SFR         6/1/27
    3339066  3339066AD    GREY           895 IRONWOOD DRIVE             FRANKFORT      IL        60423       SFR         6/1/27
    3342144  3342144AD    MOORE          2915 EAST BAYLOR STREET        LUBBOCK        TX        79403       SFR         6/1/27
    3342151  3342151AD    SINGH          7046 WOODBINE AVENUE           SACRAMENTO     CA        95822       SFR         6/1/27
    3342193  3342193AD    PENA           3643 EL PORVENIR SOUTHWEST     ALBUQUERQUE    NM        87105       SFR         6/1/27
    3342227  3342227AD    ROHVER         27318 NORTH BAY ROAD           LAKE ARROWH    CA        92352       SFR         6/1/27
    3342235  3342235AD    OXENFORD       1080 1ST PLACE                 WAUKEE         IA        5.00E+08    SFR         6/1/27
    3342243  3342243AD    NISSLEY        365 STACKTOWN ROAD             MARIETTA       PA        17547       SFR         6/1/27
    3342284  3342284AD    WHITE          8619 NORTH 39TH STREET         TAMPA          FL        33604       2-4 UNITS   6/1/12
    3342326  3342326AD    ZBOROWSKI      2300 84TH TERRACE              VERO BEACH     FL        32966       SFR         6/1/27
    3342367  3342367AD    CLARK          8122 DANIEL COURT              SPARTANBURG    SC        29303       SFR         6/1/27
    3342383  3342383AD    THORPE         15 WHITE OAK LANE              CRANSTON       RI        2920        SFR         6/1/27
    3342409  3342409AD    FLOOD          7310 SKYBRIGHT                 HOUSTON        TX        77095       SFR         6/1/27
    3342417  3342417AD    WALKER         1406 EAST 14TH PLACE           FORD HEIGHT    IL        60411       SFR         6/1/27
    3348489  3348489AD    MCKENZIE       6215 RAINTREE COURT            DALLAS         TX        75240       SFR         6/1/27
    3348497  3348497AD    GREAR          3006 EMERSON AVENUE NORTH      MINNEAPOLIS    MN        55411       2-4 UNITS   6/1/27
    3348505  3348505AD    DICKSON        3040 5TH AVENUE SOUTH          MINNEAPOLIS    MN        55408       2-4 UNITS   6/1/27
    3348513  3348513AD    JONES          2816 OSAGE STREET              ST LOUIS       MO        63118       SFR         6/1/27
    3348521  3348521AD    ROBINSON       313 FROST AVENUE               FERGUSON       MO        63135       SFR         6/1/27
    3348539  3348539AD    MILLICAN       216 GEORGIA  AVE.              ST. LOUIS      MO        63135       SFR         6/1/27
    3348547  3348547AD    WILLIAMSON     26 WEST 112TH PLACE            CHICAGO        IL        60628       2-4 UNITS   6/1/27
    3348554  3348554AD    JONES          305 S. DADE AVE.               FERGUSON       MO        63135       SFR         6/1/27
    3348562  3348562AD    MACKEY         8621 N BROADWAY                ST LOUIS       MO        63147       SFR         5/1/27
    3348588  3348588AD    DURAY          2212 NORTH ATLANTIC            NORTHLAKE      IL        60164       SFR         5/1/27
    3348596  3348596AD    BADON          1117 WITTINGHAM DRIVE          FLINT          MI        48503       SFR         6/1/27
    3348604  3348604AD    MULLINS        2734 SOUTH 18TH STREET         PITTSBURGH     PA        15210       2-4 UNITS   6/1/27
    3348620  3348620AD    POLLARD        505 WEST GRAND STREET          SPRINGFIELD    MO        65806       SFR         6/1/27
    3348711  3348711AD    LACKEY         10 LAURELTON TRAIL             FLEMINGTON     NJ        8822        SFR         6/1/27
    3348745  3348745AD    BORJA          889 IKENA CIRCLE               HONOLULU       HI        96821       SFR         6/1/27
    3348752  3348752AD    BARRETT        139 HOUSTON                    SAINT CHARL    MO        63301       SFR         6/1/27
    3348794  3348794AD    AIVAZIAN       10236 SAMOA AVE. UNITS 2-4     TUJUNGA        CA        91042       CONDO       6/1/27
    3348810  3348810AD    HALDER         331 SOUTH 6TH STREET           BIRD ISLAND    MN        55310       SFR         6/1/27
    3348828  3348828AD    COLEMAN        123 MOUNTAIN STREET            ASHEVILLE      NC        28801       SFR         6/1/27
    3348836  3348836AD    MIXSON         2204 CUNNINGHAM ROAD           COLUMBIA       SC        29210       SFR         6/1/27
    3348844  3348844AD    KING           2479 HADDEN                    MUSKEGON       MI        49441       SFR         6/1/27
    3348877  3348877AD    SANDERS        113 LEDBURY DRIVE              LONGWOOD       FL        32779       SFR         6/1/27
    3348885  3348885AD    TRUJILLO       1450 SKEEL STREET              BRIGHTON       CO        80601       SFR         6/1/27
    3348901  3348901AD    KHAN           2611 WEST 110TH AVENUE         WESTMINSTER    CO        80234       SFR         6/1/27
    3348919  3348919AD    MCKANE         6098 NIMBUS WAY                SALT LAKE C    UT        84118       SFR         6/1/27
    3348927  3348927AD    MORISSETTE     2837 SOUTH HARRISON STREET     DENVER         CO        80210       SFR         6/1/27
    3348935  3348935AD    CASTINO        537 NORTHEAST MEADOW DRIVE     PORTLAND       OR        97211       SFR         6/1/27
    3348976  3348976AD    RUEBARTSCH     900 EAST WRIGHT STREET         MILWAUKEE      WI        53212       2-4 UNITS   6/1/27
    3348984  3348984AD    FRANKLIN       2675 WEST 880 NORTH            PROVO          UT        84601       SFR         6/1/27
    3367935  3367935AD    MARTINEZ       827 E. AVE J10                 LANCASTER      CA        93535       SFR         5/1/27
    3367943  3367943AD    PONCE          2290 SCENIC RIDGE DR.          POMONA         CA        91709       SFR         6/1/27

<CAPTION>
 Servicer          07/01/97         Current    Current            Occupancy  Original                                    Due
Loan Number    Scheduled Balance     Rate    P&I Payment  LTV      Status      Term    Servicer       Originator         Date
- - -----------    -----------------     ----    -----------  ---      ------      ----    --------       ----------         ----
    <S>          <C>                <C>       <C>         <C>      <C>          <C>     <C>      <C>                    <C>
    3338829      $    70,690.92       15.5    $   922.29  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3338878      $    83,300.00       10.9    $   787.00  85.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3338886      $    68,000.00      10.13    $   603.29  79.07        OWNER    360     ADVANTA       FRANKLIN MTG      7/1/97
    3338894      $    42,400.00      10.68    $   473.43  46.59    NON OWNER    180     ADVANTA          AMRESCO        7/1/97
    3338902      $    55,250.00      13.38    $   627.63  65.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3338910      $    21,700.00      13.75    $   252.83  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3338928      $   186,000.00      12.28    $ 1,953.40  60.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3338944      $    55,920.00      10.35    $   505.26  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3338969      $    51,600.00      11.73    $   520.06  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3338985      $    47,450.00      11.13    $   456.54  65.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3339025      $    48,000.00      12.88    $   526.48  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3339033      $    92,000.00      11.51    $   911.77  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3339041      $    56,000.00      13.38    $   636.15  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3339058      $    62,300.00      10.56    $   572.68  70.00    NON OWNER    360     ADVANTA          AMRESCO        7/1/97
    3339066      $   200,000.00      10.55    $ 1,836.96  64.52    NON OWNER    360     ADVANTA          AMRESCO        7/1/97
    3342144      $    24,150.00       12.2    $   252.13  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3342151      $    59,040.00       9.65    $   502.91  80.88        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3342193      $    37,125.00      12.53    $   397.08  55.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3342227      $   104,000.00       10.5    $   951.33  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3342235      $   112,000.00      14.63    $ 1,383.10  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3342243      $    84,000.00      10.13    $   745.24  71.19        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3342284      $    42,400.00      10.68    $   473.43  46.59    NON OWNER    180     ADVANTA          AMRESCO        7/1/97
    3342326      $    57,600.00      10.75    $   537.69  90.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3342367      $    34,970.00       12.5    $   373.22  65.00    NON OWNER    360     ADVANTA          AMRESCO        7/1/97
    3342383      $   176,000.00     10.389    $ 1,595.35  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3342409      $    44,096.00      10.85    $   414.95  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3342417      $    20,000.00      11.88    $   203.88  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348489      $    22,755.00      11.04    $   217.39   3.73        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348497      $    87,500.00      12.75    $   950.86  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348505      $    65,100.00      12.63    $   701.36  70.00    NON OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348513      $    34,948.00      13.95    $   412.71  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348521      $    59,925.00       12.6    $   644.21  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348539      $    36,000.00       14.1    $   429.40  60.00        OWNER    360     ADVANTA     EDGE MTG SERVICES   7/1/97
    3348547      $    73,500.00     14.925    $   924.96  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348554      $    34,000.00       11.4    $   334.11  85.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348562      $    33,246.20         16    $   447.13  70.00        OWNER    360     ADVANTA     EDGE MTG SERVICES   6/1/97
    3348588      $   100,085.71      15.05    $ 1,269.71  70.00        OWNER    360     ADVANTA          AMRESCO        6/1/97
    3348596      $    47,200.00       10.1    $   417.71  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348604      $    38,500.00      11.58    $   383.61  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348620      $    52,500.00       9.37    $   436.48  75.00    NON OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348711      $   320,000.00       8.38    $ 2,433.36  69.57        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348745      $ 1,237,500.00       9.25    $10,180.60  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348752      $    77,000.00      10.95    $   730.38  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348794      $    91,000.00       8.13    $   675.99  70.00    NON OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348810      $    23,200.00      12.38    $   245.45  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348828      $   108,750.00      10.68    $ 1,009.44  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348836      $    48,000.00      11.28    $   467.30  60.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348844      $    76,050.00       10.1    $   673.02  65.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348877      $    97,100.00         10    $   852.12  89.99        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348885      $   116,900.00      9.875    $ 1,015.10  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348901      $   182,700.00       10.5    $ 1,671.23  90.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348919      $    50,000.00       10.8    $   468.62  53.19        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348927      $    96,000.00      10.88    $   905.54  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348935      $   132,000.00       10.5    $ 1,207.46  84.62        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348976      $    43,200.00      11.81    $   438.05  60.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3348984      $    88,500.00       16.5    $ 1,225.86  73.14        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3367935      $    68,375.56      10.99    $   650.87  90.00        OWNER    360     ADVANTA    ALTERNATIVE LENDING  6/1/97
    3367943      $   350,000.00      8.875    $ 2,784.76  76.92        OWNER    360     ADVANTA    ALTERNATIVE LENDING  7/1/97
</TABLE>


                                     Page 6
<PAGE>

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

<TABLE>
<CAPTION>
 Servicer      AMRESCO    Last                                                                   Zip       Property     Maturity
Loan Number  Loan Number  Name           Address                        City           State     Code        Type         Date
- - -----------  -----------  ----           -------                        ----           -----     ----        ----         ----
    <S>      <C>          <C>            <C>                            <C>            <C>       <C>         <C>         <C>
    3367950  3367950AD    VELASQUEZ      4870 NE 8TH AVE                OAKLAND PAR    FL        33324       SFR         5/1/27 
    3367992  3367992AD    MCCARTHY       1779 S. CREEK DR.              OSPREY         FL        34229       SFR         5/1/27 
    3368024  3368024AD    ALLUMS         2161 5TH AVE N. ST             PETERSBURG     FL        33713       SFR         5/1/27 
    3368032  3368032AD    TALBERT        4365 23RD PL SW                NAPLES         FL        34116       SFR         5/1/27 
    3368792  3368792AD    CRITCHER       3617 CARUTH BOULEVARD          UNIVERSITY     TX        75225       SFR         6/1/27 
    3368800  3368800AD    TEI            7529 BIG BEND BLVD             WEBSTER GRO    MO        63119       SFR         6/1/27 
    3368818  3368818AD    DEBRUCE        22121 HILLSIDE DRIVE           RICHTON PAR    IL        60471       SFR         5/1/27 
    3368826  3368826AD    PINNELL        209 RINALDI DRIVE              TAYLOR         PA        18517       SFR         5/1/27 
    3368834  3368834AD    EVANS          3826 DEAL STREET               EAST CHICAG    IN        46312       2-4 UNITS   5/1/27 
    3368842  3368842AD    FREELON        4966 ALMA DRIVE                SAN ANTONIO    TX        78222       SFR         6/1/27 
    3368859  3368859AD    YOM            1717 MOTT-SMITH DRIVE          HONOLULU       HI        96822       CONDO       6/1/27 
    3368925  3368925AD    SMITH          13407 TOWNE AVENUE             LOS ANGELES    CA        90061       SFR         6/1/27 
    3368933  3368933AD    SPRINGER       4700 EAST GARWOOD ROAD         HAYDEN         ID        83835       SFR         6/1/27 
    3368941  3368941AD    MOORE          2912 COLLEGE AVENUE            MODESTO        CA        95350       SFR         6/1/27 
    3369022  3369022AD    DUDA           4124 ELM AVENUE                LYONS          IL        60534       SFR         6/1/27 
    3369063  3369063AD    JONES          641 EAST 92ND PLACE            CHICAGO        IL        60619       SFR         6/1/27 
    3369105  3369105AD    MORALES        4520 SOUTH HERMITAGE AVENU     CHICAGO        IL        60609       2-4 UNITS   6/1/27 
    3369113  3369113AD    LAWHORN        836 WEST 41ST STREET           NORFOLK        VA        23508       2-4 UNITS   6/1/27 
    3369121  3369121AD    SIMS           108 BURTON AVENUE              AKRON          OH        44302       2-4 UNITS   6/1/27 
    3369162  3369162AD    GARSKE         1823 DEXTER STREET             NEW LONDON     WI        54961       SFR         6/1/27 
    3369170  3369170AD    MOYER          7691 LAMPLIGHT DRIVE           JENISON        MI        49428       SFR         6/1/27 
    3369188  3369188AD    PERRY          917 LITTLE NECK ROAD           VIRGINIA BE    VA        23452       SFR         6/1/27 
    3369220  3369220AD    JOHNSON        7337 SOUTH WINCHESTER AVEN     CHICAGO        IL        60636       SFR         6/1/27 
    3369238  3369238AD    PATTERSON      164 EAST RAVENWARD AVENUE      YOUNGSTOWN     OH        44507       SFR         6/1/27 
    3371226  3371226AD    COLON          371-385 RIO VERDE ST.          DALY CITY      CA        94014       SFR         5/1/27 
    3371259  3371259AD    CHADWICK       606 MILOKAI ST.                KAILUA         HI        96734       SFR         4/1/27 
    3371283  3371283AD    KLEBL          5926 OHE ST.                   KAPAA          HI        96746       SFR         5/1/27 
    3377595  3377595AD    DODGE          1617 SAN ANTONIO DRIVE         GARLAND        TX        75042       SFR         6/1/27 
    3377637  3377637AD    LEUCI          20 TOWNE STREET                AMITYVILLE     NY        11701       SFR         6/1/27 
    3377652  3377652AD    WATSON         1512 PURDUE                    ST. LOUIS      MO        63133       SFR         5/1/27 
    3377686  3377686AD    WIGFALL        265  ST.  ANTHONY LANE         FLORISSANT     MO        63031       SFR         6/1/27 
    3377710  3377710AD    ROPER          6805 MIRA COURT                SACRAMENTO     CA        95828       SFR         6/1/27 
    3377728  3377728AD    GUERRA         1460 EAST MAGNOLIA WAY         DINUBA         CA        93618       SFR         6/1/27 
    3377736  3377736AD    KAEO           4474 KEAKA ROAD                KAPAA          HI        96746       SFR         6/1/27 
    3377769  3377769AD    WASHINGTON     6638 CADILLAC                  HOUSTON        TX        77021       SFR         6/1/27 
    3377777  3377777AD    FAAUMU         21 KUPUNA STREET               KIHEI          HI        96753       SFR         6/1/27 
    3377819  3377819AD    WILSON         1346 NORTH LAFAYETTE STREE     SHELBY         NC        28150       SFR         6/1/27 
    3377827  3377827AD    GAMLIEL        15248 DICKENS STREET           SHERMAN OAK    CA        91403       CONDO       6/1/27 
    3377843  3377843AD    ROBINSON       1320 BAFFY LOOP                CHESAPEAKE     VA        23320       SFR         6/1/27 
    3377876  3377876AD    MARVIN         3338 JACKSON  STREET           SIOUX CITY     IA        51104       SFR         6/1/27 
    3377884  3377884AD    ALTMAN         32424 SOUTHWEST RIEDWIG        CORNELIUS      OR        97113       SFR         6/1/27 
    3377892  3377892AD    GUAJARDO       ROUTE 2 BOX 35                 HEREFORD       TX        79045       SFR         6/1/27 
    3377900  3377900AD    HAYS           1410 EAST 13TH PLACE           THE DALLES     OR        97058       SFR         6/1/27 
    3377934  3377934AD    LAKE           34 MEACHAM LANE #34 BLD. 6     TAMARAC        FL        33319       CONDO       6/1/27 
    3377959  3377959AD    WALKER         8618 SOUTH LOWE AVENUE         CHICAGO        IL        60620       SFR         6/1/27 
    3377967  3377967AD    LOPEZ          1250 CENTRAL AVE.              BELOIT         WI        53511       SFR         6/1/27 
    3377975  3377975AD    BURLINGHAM     11093 ROUTE 89                 WATTSBURG      PA        16422       SFR         6/1/27 
    3377983  3377983AD    AIVAZIAN       10236 SAMOA AVENUE             TUJUNGA        CA        91042       CONDO       6/1/27 
    3377991  3377991AD    DICKINSON      648 WEST COUNTY ROAD 300 S     FRANKLIN       IN        46131       SFR         6/1/27 
    3378015  3378015AD    ROYSTON        1685 WABASH STREET             DENVER         CO        80020       SFR         6/1/27 
    3378023  3378023AD    SUMMERS        5315 WINTERSET DRIVE           GREENSBORO     NC        27406       SFR         6/1/27 
    3378031  3378031AD    BLUE           904 JOHNSON STREET             RAEFORD        NC        28376       SFR         6/1/27 
    3378072  3378072AD    DEPOPPE        18907 EAST SHORE DRIVE         KIMBALL        MN        55353       SFR         6/1/27 
    3378080  3378080AD    CORNELISON     3407 ROCKINGHAM ROAD NORTH     GREENSBORO     NC        27407       SFR         6/1/27 
    3378122  3378122AD    PINGLORA       27 MAPLE STREET                CHATTAMBORO    NJ        7928        SFR         6/1/27 
    3378163  3378163AD    FORD           654 WHEATLEY AVENUE            NORTHUMBERL    PA        17857       SFR         6/1/27 
    3378171  3378171AD    DURLAND        7005 ROAD  5                   KANORADO       KS        67741       SFR         6/1/27 
    3378197  3378197AD    HALEY          5785 PARK ROAD                 DORAVILLE      GA        30340       SFR         6/1/27 

<CAPTION>
 Servicer          07/01/97         Current    Current            Occupancy  Original                                    Due
Loan Number    Scheduled Balance     Rate    P&I Payment  LTV      Status      Term    Servicer       Originator         Date
- - -----------    -----------------     ----    -----------  ---      ------      ----    --------       ----------         ----
    <S>          <C>                <C>       <C>         <C>      <C>          <C>     <C>      <C>                    <C>
    3367950      $    85,459.25       9.65    $   728.31  90.00        OWNER    360     ADVANTA    ALTERNATIVE LENDING  6/1/97
    3367992      $   339,867.20      10.58    $ 3,130.47  80.00        OWNER    360     ADVANTA    ALTERNATIVE LENDING  6/1/97
    3368024      $    18,992.12     10.305    $   171.04  33.93        OWNER    360     ADVANTA    ALTERNATIVE LENDING  6/1/97
    3368032      $    47,981.73       10.7    $   446.27  50.53        OWNER    360     ADVANTA    ALTERNATIVE LENDING  6/1/97
    3368792      $   615,000.00       9.99    $ 5,392.52  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3368800      $   117,300.00      10.75    $ 1,094.98  79.80        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3368818      $   110,585.53     15.425    $ 1,436.14  70.00        OWNER    360     ADVANTA          AMRESCO        6/1/97
    3368826      $   164,441.34         11    $ 1,566.58  70.00        OWNER    360     ADVANTA          AMRESCO        6/1/97
    3368834      $    45,844.67     15.925    $   613.80  70.00        OWNER    360     ADVANTA          AMRESCO        6/1/97
    3368842      $    76,000.00      10.65    $   703.74  71.03        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3368859      $   136,500.00        9.6    $ 1,157.74  65.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3368925      $    80,400.00      12.45    $   854.96  60.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3368933      $   196,000.00      10.13    $ 1,738.90  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3368941      $   130,000.00         10    $ 1,140.84  89.66        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3369022      $    80,000.00       9.13    $   651.20  58.39        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3369063      $    31,500.00      11.23    $   305.47  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3369105      $    45,000.00      12.96    $   496.38  52.94    NON OWNER    360     ADVANTA          AMRESCO        7/1/97
    3369113      $    56,250.00      10.25    $   504.06  75.00    NON OWNER    360     ADVANTA          AMRESCO        7/1/97
    3369121      $    45,500.00       9.92    $   396.61  65.00    NON OWNER    360     ADVANTA          AMRESCO        7/1/97
    3369162      $    75,000.00       8.27    $   564.50  59.06        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3369170      $    69,300.00       11.4    $   680.99  70.00        OWNER    360     ADVANTA        FRANKLIN MTG     7/1/97
    3369188      $    71,400.00      14.38    $   867.52  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3369220      $    35,000.00      11.88    $   356.78  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3369238      $    29,400.00      14.75    $   365.88  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3371226      $   174,904.41          9    $ 1,408.09  66.04        OWNER    360     ADVANTA   SAN DIEGO HOME LOANS  6/1/97
    3371259      $   414,320.96       8.75    $ 3,263.23  85.00        OWNER    360     ADVANTA   SAN DIEGO HOME LOANS  6/1/97
    3371283      $    99,946.73       9.12    $   813.27  55.56        OWNER    360     ADVANTA   SAN DIEGO HOME LOANS  6/1/97
    3377595      $    38,400.00       9.68    $   327.94  54.08        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3377637      $   175,000.00      15.75    $ 2,318.08  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3377652      $    27,991.44       11.7    $   281.56  70.00        OWNER    360     ADVANTA     EDGE MTG SERVICES   6/1/97
    3377686      $    48,930.00       12.2    $   510.85  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3377710      $    70,550.00       7.85    $   510.31  88.19        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3377728      $    51,100.00        9.8    $   440.91  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3377736      $   220,500.00       14.5    $ 2,700.15  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3377769      $    25,000.00      10.65    $   231.49  71.43        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3377777      $   188,250.00      10.35    $ 1,700.92  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3377819      $    32,500.00      10.48    $   296.80  65.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3377827      $    72,800.00        9.3    $   601.55  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3377843      $   270,000.00      10.63    $ 2,496.08  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3377876      $    77,000.00      15.13    $   981.63  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3377884      $   230,500.00         10    $ 2,022.80  69.85        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3377892      $    30,800.00      11.55    $   306.19  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3377900      $    68,800.00      10.88    $   648.97  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3377934      $    52,500.00         14    $   622.06  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3377959      $    56,800.00      10.38    $   514.48  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3377967      $    41,625.00      11.23    $   403.66  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3377975      $    35,200.00      12.58    $   377.86  55.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3377983      $    91,000.00       8.13    $   675.99  70.00    NON OWNER    360     ADVANTA          AMRESCO        7/1/97
    3377991      $   172,500.00       8.77    $ 1,359.52  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378015      $    75,000.00          7    $   498.98  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378023      $   129,900.00      11.38    $ 1,274.51  63.68        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378031      $    38,500.00      14.63    $   475.44  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378072      $    79,200.00      12.83    $   865.60  60.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378080      $   195,500.00      11.03    $ 1,866.23  85.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378122      $   305,000.00      12.62    $ 3,283.56  64.62        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378163      $    50,050.00      15.13    $   638.06  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378171      $    35,000.00      11.88    $   356.78  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378197      $    45,650.00      10.95    $   433.01  66.64        OWNER    360     ADVANTA          AMRESCO        7/1/97
</TABLE>


                                     Page 7
<PAGE>

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

<TABLE>
<CAPTION>
 Servicer      AMRESCO    Last                                                                   Zip       Property     Maturity
Loan Number  Loan Number  Name           Address                        City           State     Code        Type         Date
- - -----------  -----------  ----           -------                        ----           -----     ----        ----         ----
    <S>      <C>          <C>            <C>                            <C>            <C>       <C>         <C>         <C>
    3378221  3378221AD    RYAN           542 WINDING WAY                WARMINSTER     PA        18974       SFR         6/1/27
    3378247  3378247AD    HALL           7875 BLUE GILL DRIVE           FALCON         CO        80831       SFR         6/1/27
    3378270  3378270AD    MELENDY        12 CLINTON STREET              MILFORD        NH        3055        2-4 UNITS   6/1/27
    3378288  3378288AD    SHAW           403 EAST MOON CIRCLE           DUNN           NC        28334       SFR         6/1/27
    3378296  3378296AD    BALDIVIESO     2198 JONES ROAD                FORT LEE       NJ        7024        SFR         6/1/27
    3378304  3378304AD    YERK           1593 ORCHARD LANE              BOYERTOWN      PA        18517       SFR         6/1/27
    3378320  3378320AD    HENDERSON      4121 BROWN ROAD                INDIANAPOLI    IN        46226       SFR         6/1/27
    3378338  3378338AD    STIFFELMAN     42 RIDGEMOOR DRIVE             SAINT LOUIS    MO        63105       SFR         6/1/27
    3378353  3378353AD    JACOBSON       815 & 817 WEST 400 SOUTH       PROVO          UT        84601       2-4 UNITS   6/1/27
    3378361  3378361AD    WESLEY         8454 SOUTH ABERDEEN STREET     CHICAGO        IL        60620       SFR         6/1/27
    3378387  3378387AD    SANNER         205 EDWYN AVENUE               SCOTTDALE      PA        15683       SFR         6/1/27
    3378403  3378403AD    PIZZARELLA     15 WAVE AVENUE                 REVERE         MA        2151        CONDO       6/1/27
    3378411  3378411AD    PARENTE        17 APPLE BLOSSOM DRIVE         LONDONDERRY    NH        3053        SFR         6/1/27
    3378429  3378429AD    MARTIN         910 LAWNDALE                   SOUTH BEND     IN        46628       SFR         6/1/27
    3378445  3378445AD    ELMEZIAN       12-14 RIFLE COURT              WATERTOWN      MA        2172        2-4 UNITS   6/1/27
    3378452  3378452AD    MACKIE         7948 SOUTH ELIZABETH           CHICAGO        IL        60620       2-4 UNITS   6/1/27
    3378460  3378460AD    CAVE           486 PAR AVENUE WEST            ORLANDO        FL        32804       CONDO       6/1/27
    3378494  3378494AD    RAMEY          3621 125TH STREET              KENOSHA        WI        53142       SFR         6/1/27
    3378502  3378502AD    THOMAS         14541 NORTHEAST STANTON CO     PORTLAND       OR        97230       SFR         6/1/27
    3381092  3381092AD    CARRAWAY       4500 BELVEDERE DRIVE           PLANO          TX        75093       SFR         6/1/27
    3381118  3381118AD    FROSSARD       3419 BROWN ROAD                ST. JOHN       MO        63114       SFR         5/1/27
    3381126  3381126AD    ERHARD         226 APPLEWOOD LANE             CARNEYS PO     NJ        8029        SFR         6/1/27
    3381134  3381134AD    HAMILTON       1324 FERGUSON                  ST. LOUIS      MO        63133       SFR         6/1/27
    3381142  3381142AD    SCHLACKS       28345 SHOREWOOD CIRCLE         COVERT         MI        49043       SFR         4/1/27
    3381159  3381159AD    SHORTEN        3126 A BASFORD ROAD            FREDERICK      MD        21703       SFR         6/1/27
    3381167  3381167AD    TUCKER         1677 MONTELLO AVENUE NE        WASHINGTON     DC        20002       SFR         5/1/27
    3381233  3381233AD    RICHTER        8432 FOREST DRIVE              PASADENA       MD        21122       SFR         6/1/27
    3381241  3381241AD    MOTLEY         7713 COFFE CREEK DRIVE         CHARLOTTE      NC        23873       SFR         6/1/27
    3381266  3381266AD    DAVIS          214 EAST LANZIT AVENUE         LOS ANGELES    CA        90061       SFR         6/1/27
    3381308  3381308AD    VASQUEZ        450 NORTH SUNNYSIDE AVENUE     SIERRA MADR    CA        91024       SFR         6/1/27
    3381316  3381316AD    ENEMUOH        6210 CONDON AVENUE             LOS ANGELES    CA        90046       SFR         6/1/27
    3381324  3381324AD    SIFFORD        21830 SOUTHEAST WALLACE RO     DAYTON         OR        97114       SFR         6/1/27
    3381332  3381332AD    MCMAHON        835 NIAGARA LANE NORTH         PLYMOUTH       MN        55447       SFR         6/1/27
    3381340  3381340AD    BANKS          9324 SOUTH PHILLIPS AVENUE     CHICAGO        IL        60617       SFR         6/1/27
    3381373  3381373AD    PEEBLES        304 SAINT PAULS ROAD           ROANOKE RAP    NC        27870       SFR         6/1/27
    3381399  3381399AD    PHARR          4296 WHITECAPP ROAD            MARIETTA       GA        30066       SFR         6/1/27
    3381415  3381415AD    SIMPSON        2711 WHITNEY DRIVE             OZARK          AR        72949       SFR         6/1/27
    3381423  3381423AD    BROLIN         1099 GRAND CANYON WAY          BREA           CA        92821       SFR         7/1/27
    3381456  3381456AD    SPILLERS       3110 MEADOWS RUN               SAN ANTONIO    TX        78251       SFR         6/1/27
    3381472  3381472AD    HENDRICKS      4570 EAST YALE AVENUE          DENVER         CO        80222       CONDO       6/1/27
    3381480  3381480AD    FEWELL         226 NORTH 1ST  STREET          BREESE         IL        62230       SFR         7/1/27
    3381514  3381514AD    ALDERMAN       9156 WEST 89TH COURT           BROOMFIELD     CO        80021       SFR         6/1/27
    3381530  3381530AD    MIDDAUGH       2750 WEST CAMINO DE LAS GR     TUCSON         AZ        85742       SFR         6/1/27
    3381605  3381605AD    GONZALES       1349 SOUTH YATES STREET        DENVER         CO        80123       SFR         6/1/27
    3384476  3384476AD    TABESH         24001 ALDERGLEN DRIVE          EL TORO        CA        92630       SFR         4/1/27
    3384484  3384484AD    ZIMMERMAN      5855 RAVENWOOD AVE             NEWARK         CA        94560       SFR         5/1/27
    3384492  3384492AD    WHEELER        6643 EAST WOODWRD DRIVE        MANTECA        CA        95337       SFR         4/1/27
    3384526  3384526AD    SMITH          1304 GOLF AVE                  ORMOND BCH     FL        32174       SFR         5/1/27
    3384542  3384542AD    CARRIE         317 RIDGECREST CIRCLE          SUISUN CITY    CA        94585       SFR         6/1/27
    3384591  3384591AD    ASHBY          2199 CYPRESS POINT DRIVE E     CLEARWATER     FL        34623       CONDO       6/1/27
    3385770  3385770AD    FRYER          4216 SOUTHERN HILLS DRIVE      DALLAS         TX        75216       SFR         6/1/27
    3385788  3385788AD    FERENTZ        269 HARDENBURGH  ROAD          RIFTON         NY        12471       SFR         6/1/27
    3385820  3385820AD    MOURADIAN      14159 DICKENS STREET           SHERMAN OAK    CA        91423       CONDO       6/1/27
    3385838  3385838AD    CLARK          10943 JAMIE AVENUE             PACOIMA ARE    CA        91331       SFR         6/1/27
    3385846  3385846AD    HIRATA         1110 NEAL AVENUE               WAHIAWA        HI        96786       2-4 UNITS   6/1/27
    3385853  3385853AD    BACA           4504 OLYMPIC COURT NORTHWE     ALBUQUERQUE    NM        87114       SFR         6/1/27
    3385879  3385879AD    HABEL          2601 BON AIR DRIVE             ORLANDO        FL        32818       SFR         6/1/27
    3385887  3385887AD    KEEGAN         2337 THOMAS CIRCLE             GILBERTSVIL    PA        19525       SFR         6/1/27

<CAPTION>
 Servicer          07/01/97         Current    Current            Occupancy  Original                                    Due
Loan Number    Scheduled Balance     Rate    P&I Payment  LTV      Status      Term    Servicer       Originator         Date
- - -----------    -----------------     ----    -----------  ---      ------      ----    --------       ----------         ----
    <S>          <C>                <C>       <C>         <C>      <C>          <C>     <C>      <C>                    <C>
    3378221      $    93,100.00      11.68    $   934.77  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378247      $   110,600.00         11    $ 1,053.27  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378270      $    53,200.00      10.38    $   481.87  70.00    NON OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378288      $    43,200.00      12.38    $   457.04  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378296      $   105,000.00      11.68    $ 1,054.25  46.67        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378304      $    78,750.00       9.15    $   642.16  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378320      $    70,000.00      13.75    $   815.58  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378338      $   230,000.00        8.5    $ 1,768.50  58.93        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378353      $   162,400.00       10.8    $ 1,522.08  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378361      $    60,900.00      15.13    $   776.38  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378387      $    44,525.00      12.88    $   488.36  65.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378403      $    31,850.00      10.81    $   298.75  63.70    NON OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378411      $   122,400.00       9.48    $ 1,027.42  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378429      $    28,800.00      10.85    $   271.01  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378445      $   120,250.00      12.13    $ 1,248.95  65.00    NON OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378452      $    95,250.00      11.41    $   936.72  75.00    NON OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378460      $    26,400.00      10.85    $   248.43  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378494      $    63,750.00      10.93    $   603.74  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3378502      $   133,200.00         11    $ 1,268.49  90.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3381092      $   289,000.00       9.75    $ 2,482.96  85.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3381118      $    32,993.35     13.555    $   379.41  55.00    NON OWNER    360     ADVANTA     EDGE MTG SERVICES   6/1/97
    3381126      $    52,000.00       12.5    $   554.98  65.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3381134      $    38,000.00      13.25    $   427.79  80.00        OWNER    360     ADVANTA     EDGE MTG SERVICES   7/1/97
    3381142      $    83,969.24         14    $   995.29  57.93    NON OWNER    360     ADVANTA          AMRESCO        6/1/97
    3381159      $   176,000.00      11.75    $ 1,776.56  73.33        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3381167      $    47,992.90       14.9    $   603.10  60.00        OWNER    360     ADVANTA          AMRESCO        6/1/97
    3381233      $   102,000.00       9.13    $   830.27  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3381241      $    78,750.00      14.38    $   956.82  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3381266      $    73,500.00      14.25    $   885.45  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3381308      $   241,200.00       8.75    $ 1,897.52  90.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3381316      $   225,000.00      10.75    $ 2,100.33  90.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3381324      $   130,000.00       9.25    $ 1,069.48  72.22        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3381332      $    84,000.00      11.18    $   811.40  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3381340      $    63,000.00      12.08    $   651.91  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3381373      $    62,725.00      12.13    $   651.48  65.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3381399      $    67,500.00       9.25    $   555.31  61.36        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3381415      $    76,500.00       8.77    $   602.92  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3381423      $   160,500.00        9.5    $ 1,349.57  75.00    NON OWNER    360     ADVANTA          AMRESCO        8/1/97
    3381456      $    39,750.00       11.5    $   393.64  61.15        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3381472      $    68,000.00      10.18    $   605.81  61.82        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3381480      $    36,925.00      15.13    $   470.74  70.00        OWNER    360     ADVANTA          AMRESCO        8/1/97
    3381514      $    93,560.00      10.85    $   880.41  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3381530      $    81,850.00       11.6    $   816.80  79.98        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3381605      $    49,500.00      13.58    $   570.10  55.00    NON OWNER    360     ADVANTA          AMRESCO        7/1/97
    3384476      $   178,845.03      10.75    $ 1,670.94  89.95        OWNER    360     ADVANTA   ALTERNATIVE LENDING   6/1/97
    3384484      $   179,036.00      10.99    $ 1,704.26  90.00        OWNER    360     ADVANTA   ALTERNATIVE LENDING   6/1/97
    3384492      $   183,446.29     10.975    $ 1,745.00  90.00        OWNER    360     ADVANTA   ALTERNATIVE LENDING   6/1/97
    3384526      $    54,382.03      11.35    $   532.50  80.00        OWNER    360     ADVANTA   ALTERNATIVE LENDING   6/1/97
    3384542      $   116,000.00        8.8    $   916.72  89.23        OWNER    360     ADVANTA   ALTERNATIVE LENDING   7/1/97
    3384591      $    71,200.00     11.605    $   710.80  80.00        OWNER    360     ADVANTA   ALTERNATIVE LENDING   7/1/97
    3385770      $    37,500.00       9.63    $   318.88  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3385788      $   170,000.00     11.175    $ 1,641.47  85.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3385820      $    43,000.00        9.8    $   371.02  68.25        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3385838      $   106,250.00      10.65    $   983.85  85.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3385846      $   243,750.00       9.25    $ 2,005.27  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3385853      $    98,000.00      11.13    $   942.92  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3385879      $    46,200.00      13.75    $   538.28  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3385887      $   135,750.00         11    $ 1,292.78  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
</TABLE>


                                     Page 8
<PAGE>

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

<TABLE>
<CAPTION>
 Servicer      AMRESCO    Last                                                                   Zip       Property     Maturity
Loan Number  Loan Number  Name           Address                        City           State     Code        Type         Date
- - -----------  -----------  ----           -------                        ----           -----     ----        ----         ----
    <S>      <C>          <C>            <C>                            <C>            <C>       <C>         <C>         <C>
    3385895  3385895AD    CLARK          413 HARRISON LANE              SPARTANBURG    SC        29301       SFR         6/1/27
    3385937  3385937AD    SMITH          4025 SENNA DRIVE               LAS CRUCES     NM        88011       SFR         6/1/27
    3385945  3385945AD    AIVAZIAN       10236 SAMOA AVENUE             TUJUNGA        CA        91042       CONDO       6/1/27
    3385952  3385952AD    BROWN          511 CONSTITUTION STREET        EASTMAN        GA        31023       SFR         6/1/27
    3385978  3385978AD    WARD           253 DOLLAR MOUNTAIN DRIVE      SAN JOSE       CA        95127       SFR         7/1/27
    3385994  3385994AD    SMITH          5106 BOOTH HILL ROAD           HOOD RIVER     OR        97031       MANUF HM    6/1/27
    3386000  3386000AD    JONES          6582 NORTHWEST 2ND STREET      MARGATE        FL        33063       SFR         6/1/27
    3386018  3386018AD    BESSER         333 LINN STREET                ZANESVILLE     OH        43701       SFR         6/1/27
    3386026  3386026AD    RYAN           603 CREEK STREET               UHRICHSVILL    OH        44683       SFR         6/1/27
    3386034  3386034AD    CANNON         1821 SQUIRE FIKE ROAD          FRIENDSVILL    MD        21531       SFR         7/1/27
    3386042  3386042AD    SPECCHIO       2 LISA COURT                   MILLSTONE      NJ        7726        SFR         6/1/27
    3386059  3386059AD    JACOBS         7445 LAKEVIEW AVENUE           WHITE BEAR     MN        55110       SFR         6/1/27
    3386067  3386067AD    FIELD          1203 NORTHEAST CEDAR RIDGE     VANCOUVER      WA        98682       SFR         6/1/27
    3386075  3386075AD    BRIEN          1823 MISSOURI AVENUE           SOUTH MILWA    WI        53172       SFR         7/1/27
    3386109  3386109AD    SIMS           312 GRAND AVENUE               AKRON          OH        44302       SFR         6/1/27
    3386117  3386117AD    MCCLAIN        229 HILLVIEW DRIVE             SHELBYVILLE    KY        40065       SFR         7/1/12
    3386125  3386125AD    SIMS           566 CROSBY AVENUE              AKRON          OH        44302       2-4 UNITS   6/1/27
    3386133  3386133AD    LEDDER         576 MARGARET DRIVE             CHESAPEAKE     VA        23322       SFR         6/1/27
    3386166  3386166AD    ARNOLD         1458 EAST NORTH STREET         SPRINGFIELD    MO        65803       SFR         7/1/27
    3386208  3386208AD    WILSON         11290 ASHCROFT LANE            SAINT LOUIS    MO        63136       SFR         6/1/27
    3386224  3386224AD    HARTKE         3223 BRYANT AVENUE NORTH       MINNEAPOLIS    MN        55412       SFR         6/1/27
    3386232  3386232AD    BROOKS         7230 SANDY BLUFF DRIVE         JACKSONVILL    FL        32277       SFR         6/1/27
    3386299  3386299AD    PATIS          3510 WEST WABANSIA             CHICAGO        IL        60622       2-4 UNITS   6/1/27
    3386307  3386307AD    HICKS          2001 AGNES                     SAINT LOUIS    MO        63107       SFR         7/1/27
    3386315  3386315AD    HADIN          452 BLUE DOLPHIN WAY           SACRAMENTO     CA        95831       SFR         6/1/27
    3401346  3401346AD    LOO            2363&2363A BOOTH ROAD          HONOLULU       HI        96813       2-4 UNITS   6/1/27
    3401353  3401353AD    HARRIS         5822 BRYNHURST AVENUE          LOS ANGELES    CA        90043       SFR         6/1/27
    3401379  3401379AD    WHITE          4626 COLFAX AVENUE NORTH       MINNEAPOLIS    MN        55412       SFR         7/1/27
    3401429  3401429AD    CARREIRA       85 BEAVER BROOK ROAD           DANBURY        CT        6810        SFR         6/1/27
    3401445  3401445AD    DRESCHER       608 NORTH CLEAR CREEK DRIV     FRIENDSWOOD    TX        77546       SFR         6/1/27
    3401486  3401486AD    HANDLEY        656 WILDERNESS ROAD            LINDEN         VA        22642       SFR         7/1/27

<CAPTION>
 Servicer          07/01/97         Current    Current            Occupancy  Original                                    Due
Loan Number    Scheduled Balance     Rate    P&I Payment  LTV      Status      Term    Servicer       Originator         Date
- - -----------    -----------------     ----    -----------  ---      ------      ----    --------       ----------         ----
    <S>          <C>                <C>       <C>         <C>      <C>          <C>     <C>      <C>                    <C>
    3385895      $    93,800.00     12.58     $ 1,006.91  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3385937      $   110,500.00     11.53     $ 1,096.80  85.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3385945      $    91,000.00      8.13     $   675.99  70.00    NON OWNER    360     ADVANTA          AMRESCO        7/1/97
    3385952      $    19,000.00     12.75     $   206.47  61.29        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3385978      $   135,000.00      9.03     $ 1,089.16  75.00        OWNER    360     ADVANTA          AMRESCO        8/1/97
    3385994      $    88,900.00     12.33     $   937.08  70.00    NON OWNER    360     ADVANTA          AMRESCO        7/1/97
    3386000      $    85,600.00     10.85     $   805.50  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3386018      $    42,000.00        13     $   464.60  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3386026      $    34,200.00       9.8     $   295.09  72.77        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3386034      $   128,100.00     10.68     $ 1,189.05  70.00        OWNER    360     ADVANTA          AMRESCO        8/1/97
    3386042      $   350,000.00     10.38     $ 3,170.23  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3386059      $    80,500.00     10.63     $   744.20  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3386067      $   193,500.00      9.75     $ 1,662.46  90.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3386075      $    61,250.00     10.63     $   566.24  70.00        OWNER    360     ADVANTA          AMRESCO        8/1/97
    3386109      $    35,000.00     10.13     $   310.52  70.00    NON OWNER    360     ADVANTA          AMRESCO        7/1/97
    3386117      $    90,100.00     10.15     $   976.50  85.00        OWNER    180     ADVANTA          AMRESCO        8/1/97
    3386125      $    53,950.00      9.92     $   470.26  65.00    NON OWNER    360     ADVANTA          AMRESCO        7/1/97
    3386133      $   142,425.00     11.23     $ 1,381.16  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3386166      $    36,000.00     10.65     $   333.35  75.00        OWNER    360     ADVANTA          AMRESCO        8/1/97
    3386208      $    68,310.00      9.75     $   586.89  90.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3386224      $    43,200.00     11.88     $   440.37  80.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3386232      $    89,250.00     10.55     $   819.74  75.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3386299      $    80,500.00     11.96     $   825.56  73.18    NON OWNER    360     ADVANTA          AMRESCO        7/1/97
    3386307      $    19,250.00     12.83     $   210.39  70.00    NON OWNER    360     ADVANTA          AMRESCO        8/1/97
    3386315      $   135,000.00      8.35     $ 1,023.72  84.91        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3401346      $   198,000.00     11.55     $ 1,968.33  60.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3401353      $   171,450.00        10     $ 1,504.60  90.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3401379      $    32,000.00     10.73     $   298.23  80.00        OWNER    360     ADVANTA          AMRESCO        8/1/97
    3401429      $    95,200.00      11.7     $   957.31  70.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3401445      $   117,000.00     13.25     $ 1,317.16  65.00        OWNER    360     ADVANTA          AMRESCO        7/1/97
    3401486      $    82,400.80     10.43     $   749.44  80.00        OWNER    360     ADVANTA          AMRESCO        8/1/97
                 --------------
                 $44,585,702.20
                 ==============
LOAN COUNT                  495

</TABLE>



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