AMRESCO RESIDENTIAL SECURITIES CORP MORT LOAN TRUST 1997-3
8-K, 1997-10-02
INVESTMENT ADVICE
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<PAGE>   1
- --------------------------------------------------------------------------------

                       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):
                               September 17, 1997
                               ------------------

    AMRESCO Residential Securities Corporation Mortgage Loan Trust 1997-3
    ---------------------------------------------------------------------
           (Exact name of registrant as specified in its charter)




              New York               333-30759-01         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, 12E
           New York, NY                                        10286
(Address of Principal Executive Offices)                     (Zip Code)

       Registrant's telephone number, including area code (214) 953-7700
                                                           -------------

                                   No Change
          -----------------------------------------------------------
         (Former name or former address, if changed since last report)

- -------------------------------------------------------------------------------

<PAGE>   2
Item 2.  Acquisition or Disposition of Assets.

Description of the Conveyance of Subsequent Mortgage Loans

         A. On September 17, 1997, AMRESCO Residential Securities Corporation
Mortgage Loan Trust 1997-3 (the "Trust") acquired $76,068,567.38 of Subsequent
Mortgage Loans pursuant to the terms of the Pooling and Servicing Agreement
dated as of September 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 Long Beach 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 September 17, 1997 (the "9/17 Subsequent Transfer
Agreement"). The Subsequent Mortgage Loans possess the characteristics required
by the Prospectus dated September 5, 1997, and the Prospectus Supplement dated
September 5, 1997, filed pursuant to Rule 424(b)(5) of the Act on September 18,
1997. The Schedule of Subsequent Mortgage Loans are attached to the 9/17
Subsequent Transfer Agreement.

         B. On September 30, 1997, AMRESCO Residential Securities Corporation
Mortgage Loan Trust 1997-3 (the "Trust") acquired $49,264,491.74 of Subsequent
Mortgage Loans pursuant to the terms of the Pooling and Servicing Agreement
dated as of September 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 Long Beach 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 September 30, 1997 (the "9/30 Subsequent Transfer
Agreement"). The Subsequent Mortgage Loans possess the characteristics required
by the Prospectus dated September 5, 1997, and the Prospectus Supplement dated
September 5, 1997, filed pursuant to Rule 424(b)(5) of the Act on September 18,
1997. The Schedule of Subsequent Mortgage Loans are attached to the 9/30
Subsequent Transfer Agreement.

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 September 17, 1997,
                  among AMRESCO Residential Securities Corporation, as
                  Depositor, AMRESCO 




<PAGE>   3

                  Residential Capital Markets, Inc., as Seller and AMRESCO
                  Residential Securities Corporation Mortgage Loan Trust 1997-3
                  as the Purchaser.

10.2              Subsequent   Transfer   Agreement  dated  as  of  September  
                  30, 1997, among AMRESCO Residential Securities Corporation,
                  as Depositor, AMRESCO Residential Capital Markets, Inc., as
                  Seller at AMRESCO Residential Securities Corporation Mortgage
                  Loan Trust 1997-3 as the Purchaser.

<PAGE>   4
                                   SIGNATURE


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

                               By:   AMRESCO Residential Securities Corporation
                                     Mortgage Loan Trust 1997-3


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

Dated:  September 30, 1997





<PAGE>   5
                                   EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit                            
Number                             Description
- -----                              -----------
<S>              <C>    
10.1              Subsequent Transfer Agreement dated as of September 17,
                  1997, among AMRESCO Residential Securities Corporation, as
                  Depositor, AMRESCO Residential Capital Markets, Inc., as
                  Seller and AMRESCO Residential Securities Corporation
                  Mortgage Loan Trust 1997-3 as the Purchaser.

10.2              Subsequent   Transfer   Agreement  dated  as  of  September  
                  30, 1997, among AMRESCO Residential Securities Corporation,
                  as Depositor, AMRESCO Residential Capital Markets, Inc., as
                  Seller at AMRESCO Residential Securities Corporation Mortgage
                  Loan Trust 1997-3 as the Purchaser.

</TABLE>




<PAGE>   1
                                                                 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 1997-3 (the "Purchaser") pursuant to
the Pooling and Servicing Agreement dated as of September 1, 1997 among the
Depositor, the Seller, Option One Mortgage Corporation, Long Beach 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 Subsequent Mortgage Loans (the "Subsequent Mortgage Loans") listed on the
attached Schedules of Subsequent Mortgage Loans.

         Conveyance of Subsequent Mortgage Loans.  As of September 17, 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 September 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.

         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, $76,068,567.38 pursuant to this Subsequent
Transfer Agreement and to include $37,482,405.51 of the Subsequent Mortgage
Loans listed in Schedule I-A hereto in Group I and $38,586,161.87 of the
Subsequent 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.
<PAGE>   2
         Terms capitalized herein and not defined herein shall have their
respective meanings as set forth in the Pooling and Servicing Agreement.



                                  By: /s/ Janice Cott                          
                                     -----------------------------------------
                                  Name: Janice Cott                            
                                       ---------------------------------------
                                  Title: Vice President                        
                                        --------------------------------------
                                                                              
                                                                              
                                  AMRESCO RESIDENTIAL CAPITAL MARKETS, INC.   
                                  as Seller                                   
                                                                              
                                                                              
                                                                              
                                  By: /s/ Janice Cott                          
                                     -----------------------------------------
                                  Name: Janice Cott                            
                                       ---------------------------------------
                                  Title: Vice President                        
                                        --------------------------------------
                                                                              
                                                                              
                                  AMRESCO RESIDENTIAL SECURITIES CORPORATION  
                                  MORTGAGE LOAN TRUST 1997-3,                 
                                                                              
                                  by The Bank of New York as Trustee          
                                                                              
                                                                              
                                                                              
                                  By: /s/ Frank Austin                         
                                     -----------------------------------------
                                  Name: Frank Austin                           
                                       ---------------------------------------
                                  Title:                                      
                                        --------------------------------------

Dated:   September 17, 1997
<PAGE>   3
AMRESCO MORTGAGE LOAN SCHEDULE
1997-3 PREFUND 1 GROUP 1 FIXED RATE LOANS 


<TABLE>
<CAPTION>
                                                                                                                         9/1/97   
 SERVICER    AMRESCO         LAST                                                      ZIP     PROPERTY    MATURITY     SCHEDULED 
LOAN NUMBER  LOAN NUMBER     NAME          ADDRESS                    CITY      STATE  CODE     TYPE         DATE        BALANCE  
- -----------  -----------     ----          -------                    ----      -----  ----     ----         ----        -------  
<S>           <C>         <C>           <C>                         <C>           <C> <C>    <C>             <C>        <C>       
 2024073      2024073AD   CALDWELL      401 PECOS ST.               COLORADO SP   CO   80911   SFR           5/1/26     44,765.59
 3142296      3142296AD   YOUNG         13035 PAXTON STREET         PACOIMA       CA   91331   SFR           4/1/27     91,770.10
 3335064      3335064AD   RODRIGUEZ     1960-1970-1990 CAMPBELL RO  WAPATO        WA   98951   2-4 UNITS    11/1/26     86,699.02
 3457306      3457306AD   HARE          2992 ALLISON ROAD           GAINESVILLE   GA   30506   SFR          4/15/27     93,671.44
 3457330      3457330AD   MATTHEWS      476 COUNTRY CLUB ROAD       DUBLIN        GA   31021   SFR          4/28/27     53,710.69
 3457348      3457348AD   HARRIS        718 CAPTAIN KELL DRIVE      MACON         GA   31204   SFR          4/28/27    166,528.02
 3457678      3457678AD   BOLT          13704 SW 100TH TERRACE      MIAMI         FL   33186   PUD          4/16/27     92,441.16
 3457694      3457694AD   CHRISTOPHER   2934 SW 22ND CIRCLE         DELRAY BEAC   FL   33445   CONDO        4/15/12     71,509.41
 3458254      3458254AD   HARVEY        1302 ASHLAND AVE.           BALTIMORE     MD   21205   CONDO         4/9/12     53,943.84
 3652914      3652914AD   HERMANN       1824  OHIO AVENUE           RIVERSIDE     CA   92507   2-4 UNITS     6/1/27     58,378.04
 3653037      3653037AD   ATKINSON      12290  WAYNOKA RD           APPLE VALLE   CA   92308   SFR           6/1/27     54,484.93
 3849833      3849833AD   JACKSON       2155 69TH STREET            HILLSDALE     MO   63121   SFR           8/1/27     27,993.81
 3849858      3849858AD   SAGAYSAY      2771 KALIHI STREET          HONOLULU      HI   96819   SFR           8/1/27    191,669.59
 3849882      3849882AD   CRAMER        210 CURLEW COURT            FOSTER CITY   CA   94404   SFR           8/1/27    125,910.17
 3849890      3849890AD   ELLIS         1017 EAST DAUNE AVENUE      SUNNYVALE     CA   94086   SFR           8/1/27    119,922.69
 3849916      3849916AD   DE PERALTA    96-1133 KOKIO STREET        PAHALA        HI   96777   SFR           9/1/27     68,000.00
 3849932      3849932AD   FENTON        2508 SOUTH WEBSTER AVENUE   SCRANTON      PA   18505   SFR           9/1/27     73,525.00
 3849940      3849940AD   MASOE         56-226 LELEULI STREET       KAHUKU        HI   96731   SFR           9/1/27    132,000.00
 3849965      3849965AD   GAINES        2724 WEST CALDWELL STREET   COMPTON       CA   90220   SFR           9/1/27     72,000.00
 3849973      3849973AD   ROMERO        10409 SNOWHEIGHTS BOULEVAR  ALBUQUERQUE   NM   87112   SFR           9/1/27     73,150.00
 3850013      3850013AD   BELHAGE       2531 CURTIS STREET          DENVER        CO   80205   2-4 UNITS     9/1/27     80,000.00
 3850062      3850062AD   WILLIAMS      1117 ABERDEEN ROAD          HAMPTON       VA   23666   2-4 UNITS     9/1/27     56,250.00
 3850070      3850070AD   TAYLOR        20314 TRITON COURT          KATY          TX   77350   SFR           9/1/12    128,000.00
 3850112      3850112AD   SANDERS       1830 STILLWATER STREET      WHITE BEAR    MN   55110   SFR           9/1/27     57,000.00
 3850146      3850146AD   WEAVER        2360 BOB WHITE COURT        MISSOULA      MT   59802   SFR           9/1/27     85,200.00
 3850161      3850161AD   BARD          70 HYDE ROAD                BROOKLYN      CT    6234   SFR           9/1/12    108,750.00
 3850179      3850179AD   TARTAGLIA     224 PENN ESTATES            STROUDSBURG   PA   18301   SFR           9/1/27    171,200.00
 3850237      3850237AD   PRUETT        15920 NORTH MUSTANG ROAD    PIEDMONT      OK   73078   SFR           9/1/27     63,000.00
 3853405      3853405AD   CONWRIGHT     4607 ASHBROOK ROAD          DALLAS        TX   75227   SFR           9/1/27     71,500.00
 3853439      3853439AD   VERWEY        14197 TU SU CIRCLE          APPLE VALLE   CA   92307   SFR           8/1/27     51,181.13
 3853447      3853447AD   BUSENBARK     14526 SUNNYSIDE AVENUE N.   SHORELINE     WA   98133   SFR           9/1/12     63,000.00
 3853462      3853462AD   DOWNEY        3227 3227 1/2 112TH STREET  INGLEWOOD     CA   90303   2-4 UNITS     9/1/27    128,000.00
 3853496      3853496AD   HENRY         5125 AVENUE M               GALVESTON     TX   77551   SFR           9/1/27     39,551.92
 3853504      3853504AD   PERKINS       4433 ALDER STREET           EAST CHICAG   IN   46312   SFR           9/1/12     65,800.00
 3853553      3853553AD   CARLIN        444 NIU STREET              HONOLULU      HI   96815   CONDO         9/1/27     96,000.00
 3853603      3853603AD   MORROW        1556 HENSLEY ROAD           FORT MILL     SC   29715   SFR           9/1/27     52,400.00
 3853702      3853702AD   MINKIN        11322 CAMARILLO STREET      NORTH HOLLY   CA   91602   CONDO         9/1/27    119,250.00
 3853710      3853710AD   RUSSO         257 CORNELL STREET          ROSLINDALE    MA    2131   2-4 UNITS     9/1/27     86,000.00
 3853736      3853736AD   TWADDELL      227 SPRINGWOOD COURT        CANTON        GA   30115   SFR           9/1/12    150,000.00
 3853751      3853751AD   SYMONS        19351 EAST EL DORADO DRIV   AURORA        CO   80013   SFR           9/1/27     99,450.00
 3853777      3853777AD   MAHADY        801 WELDON STREET           LATROBE       PA   15650   SFR           9/1/27    142,500.00
 3853835      3853835AD   JOHNSON       6632 MANCHESTER STREET      NEW ORLEANS   LA   70126   SFR           9/1/27    110,075.00
 3856325      3856325AD   WIMBISH       8031 MAITLAND AVENUE        INGLEWOOD     CA   90305   SFR           9/1/27    107,250.00
 3856424      3856424AD   MARION        602 MCREYNOLDS STREET       CARTHAGE      NC   28327   SFR           9/1/12     68,800.00
 3856465      3856465AD   CRAWFORD      890 SUGAR HOUSE DRIVE       PORT ORANGE   FL   32119   SFR           9/1/27     68,000.00
 3856556      3856556AD   SHUMATE       2201 BIRCH DRIVE            CLARKSVILLE   IN   5E+08   SFR           9/1/12     56,000.00
 3856614      3856614AD   DENLINGER     689 WEST LEXINGTON          ELKHART       IN   46514   SFR           9/1/12     25,125.00
 3856689      3856689AD   GARCES        7521 SOUTHWEST 59TH STREET  MIAMI         FL   33143   SFR           9/1/27    216,000.00
 3860285      3860285AD   MILLER        68125 MOLINOS COURT         CATHERDAL C   CA   92234   SFR           9/1/27     65,000.00
 3860350      3860350AD   LEE           9730 NORTHWEST 63RD STREET  OCALA         FL   34482   SFR           9/1/27    117,600.00
 3860400      3860400AD   DUKE          8888 CABOT DRIVE            CINCINNATI    OH   45231   SFR           9/1/27     60,300.00
 3860426      3860426AD   MERRILL       10 WALKER STREET            MILFORD       NH    3055   SFR           9/1/27     32,000.00
 3860442      3860442AD   ESMAT         83 MT. VERNON COURT         CONCORD       OH   44060   CONDO         9/1/27     59,800.00
 3860459      3860459AD   BRAUCH        11062 CARLILE STREET        NORTHGLENN    CO   80233   SFR           9/1/27     77,000.00
</TABLE>

<TABLE>
<CAPTION>
 SERVICER     CURRENT    CURRENT                OCCUPANCY   ORIGINAL                                               DUE    
LOAN NUMBER    RATE      P&I PAYMENT   LTV       STATUS     TERM      SERVICER         ORIGINATOR                  DATE   
- -----------    ----     -----------    ---       ------     ----      --------         ----------                  ----   
<S>           <C>          <C>         <C>       <C>         <C>       <C>            <C>                         <C>     
  2024073      11.75        454.23     60        OWNER       360       ADVANTA        NEW CENTURY                  9/1/97  
  3142296        9.5        773.59     80        OWNER       360       ADVANTA        NEW CENTURY                  9/1/97  
  3335064      11.84        884.19  66.92        NON OWNER   360       ADVANTA        FREMONT INV AND LOAN         9/1/97  
  3457306       13.5       1073.82     75        OWNER       360       ADVANTA        PARKWAY MORTGAGE            9/15/97 
  3457330       11.9         551.3     75        OWNER       360       ADVANTA        PARKWAY MORTGAGE            9/28/97 
  3457348      12.99       1843.84     80        OWNER       360       ADVANTA        PARKWAY MORTGAGE            9/28/97 
  3457678      10.05        817.82     80        OWNER       360       ADVANTA        PARKWAY MORTGAGE            9/16/97 
  3457694      13.45        820.95     80        OWNER       180       ADVANTA        PARKWAY MORTGAGE           10/15/97 
  3458254      11.65         640.7     80        OWNER       180       ADVANTA        PARKWAY MORTGAGE             9/9/97  
  3652914      10.85        550.49     65        NON OWNER   360       ADVANTA        BNC                          9/1/97  
  3653037       7.85        394.94     65        NON OWNER   360       ADVANTA        BNC                          9/1/97  
  3849833      13.15        313.02     80        OWNER       360       ADVANTA        EDGE MORTGAGE SERVICES       9/1/97  
  3849858      10.25       1718.27     65        NON OWNER   360       ADVANTA        SAN DIEGO HOME LOANS INC     9/1/97  
  3849882        7.7        898.33  33.16        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3849890        8.2        897.31  58.54        OWNER       360       ADVANTA        AMRESCO                      9/1/97  
  3849916        9.7        581.73     80        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3849932      11.38        721.39     85        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3849940       10.1       1168.16     80        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3849965       12.1        746.15     60        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3849973      10.78        684.49     70        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3850013      10.55        734.78  61.54        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3850062      11.23        545.48     75        NON OWNER   360       ADVANTA        AMRESCO                     10/1/97  
  3850070       10.5       1414.91     80        OWNER       180       ADVANTA        AMRESCO                     10/1/97  
  3850112      12.63        614.09  79.17        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3850146      10.88        803.66     80        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3850161      11.25       1253.17     75        OWNER       180       ADVANTA        AMRESCO                     10/1/97  
  3850179      10.83       1608.42     80        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3850237       9.95        550.54     75        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3853405      11.58        712.43     65        NON OWNER   360       ADVANTA        AMRESCO                     10/1/97  
  3853439      10.85         481.8     80        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3853447       7.45        582.23  38.18        OWNER       180       ADVANTA        AMRESCO                     10/1/97  
  3853462      10.63       1183.32     80        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3853496       9.85        342.96   73.3        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3853504       8.95        665.43     70        OWNER       180       ADVANTA        AMRESCO                     10/1/97  
  3853553      10.08        848.15     60        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3853603      11.98        538.19     80        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3853702        8.9        950.94     75        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3853710        9.2        704.39  56.95        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3853736      10.45       1653.45  73.53        OWNER       180       ADVANTA        AMRESCO                     10/1/97  
  3853751         11        947.09     85        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3853777      10.88       1344.16     75        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3853835       11.5       1090.06     85        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3856325       9.76        922.23     65        NON OWNER   360       ADVANTA        AMRESCO                     10/1/97  
  3856424       9.58        721.75     80        OWNER       180       ADVANTA        AMRESCO                     10/1/97  
  3856465      13.25        765.53  59.13        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3856556         10        601.78     80        OWNER       180       ADVANTA        AMRESCO                     10/1/97  
  3856614       9.33        259.79     75        NON OWNER   180       ADVANTA        AMRESCO                     10/1/97  
  3856689       9.75       1855.77     90        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3860285        9.5        546.56  51.59        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3860350      11.35       1151.14     70        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3860400      11.75        608.67     90        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3860426      10.95        303.54     32        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
  3860442      12.58        641.93     65        NON OWNER   360       ADVANTA        AMRESCO                     10/1/97  
  3860459        8.7        603.01  73.68        OWNER       360       ADVANTA        AMRESCO                     10/1/97  
</TABLE>                            

                                    Page 1



<PAGE>   4
AMRESCO MORTGAGE LOAN SCHEDULE
1997-3 PREFUND 1 GROUP 1 FIXED RATE LOANS




<TABLE>
<CAPTION>
SERVICER    AMRESCO                                                                                                              
 LOAN       LOAN       LAST                                                                   ZIP       PROPERTY         MATURITY  
NUMBER     NUMBER      NAME                     ADDRESS                  CITY        STATE   CODE        TYPE              DATE    
- -------   ---------  ------------     --------------------------     ------------    -----   -----      -------         ---------- 
<S>       <C>        <C>              <C>                            <C>              <C>    <C>        <C>             <C>        
3860467   3860467AD  HUNT-MICHALI     101 EAST EL CAMINITO DRIVE     PHOENIX          AZ     85020      SFR             09/01/2027 
3860517   3860517AD  ARMIJO           702 SOUTH MUDSPRINGS ROAD      PAYSON           AZ     85541      SFR             09/01/2027 
3860541   3860541AD  GORDON           4727 WEST WILKINS STREET       INDIANAPOLI      IN     46241      SFR             09/01/2027 
3860608   3860608AD  JONES            15731 ARDMORE STREET           DETROIT          MI     48227      SFR             09/01/2027 
3860616   3860616AD  CLEARY           10 COUNTY ROAD 1768            FARMINGTON       NM     87401      SFR             09/01/2027 
3860681   3860681AD  MACDONALD        318 NORTH 6TH STREET           BLOOMFIELD       NM     87413      SFR             09/01/2027 
3863644   3863644AD  NOBRIGA          LOT #28 HAINA                  HONOKAA          HI     96727      SFR             09/01/2027 
3863677   3863677AD  BENSON           123 EAST 97TH STREET           LOS ANGELES      CA     90003      SFR             09/01/2027 
3863685   3863685AD  GRAY             5525 GIPSY AVENUE              LAS VEGAS        NV     89107      SFR             09/01/2027 
3863792   3863792AD  WILLIAMS         645 MAALAHI STREET             WAILUKU          HI     96793      SFR             09/01/2027 
3870334   3870334AD  DEGROOT          32 S. ELM                      WEBSTER GRO      MO     63119      SFR             08/01/2027 
3870342   3870342AD  LAWSON           4950 WHITTIER DRIVE            SACRAMENTO       CA     95820      SFR             09/01/2012 
3870391   3870391AD  HARPER           3916 PETTY ROAD                PINE BLUFF       AR     71603      SFR             09/01/2027 
3870482   3870482AD  BORI             183 RUSSELL AVENUE             AKRON            OH     44311      SFR             09/01/2027 
3870524   3870524AD  ROBINSON         733 RIVER ROAD                 REDFIELD         AR     72132      SFR             09/01/2027 
3870532   3870532AD  GRIFFIN          633 EAST 49TH PLACE            TULSA            OK     74126      SFR             09/01/2012 
3871597   3871597AD  REBOLLO          8103 SOLANA STREET             SAN DIEGO        CA     92114      SFR             06/01/2027 
3871605   3871605AD  LEYVA            1450 CARDELLA STREET           FIREBAUGH        CA     93622      SFR             06/01/2027 
3871621   3871621AD  ESPOSITO         257-259 NEWHALL STREET         NEW HAVEN        CT      6511      2-4 UNITS       07/01/2027 
3871662   3871662AD  HAVRILLA         29652 GIRARD RIDGE ROAD        CASTELLA         CA     96017      SFR             06/01/2027 
3871670   3871670AD  FINISTER         1116 SOUTH CENTRAL AVENUE      COMPTON          CA     90220      SFR             05/01/2027 
3871688   3871688AD  BONNER           1205 WEST 7TH STREET           WEISER           ID     83672      MANUFACTURE     07/01/2027 
3871696   3871696AD  BERNDT           801 NORTH STATE STREET         WASECA           MN     56093      SFR             06/01/2027 
3871738   3871738AD  ARGUELLAS        2121 NORTH AVERS AVENUE        CHICAGO          IL     60647      2-4 UNITS       06/01/2027 
3871811   3871811AD  JIMENEZ          408 ABERY AVENUE               LA PUENTE        CA     91744      SFR             06/01/2027 
3871829   3871829AD  HAGERMAN         RR2                            LINCOLN          MO     65338      MANUFACTURE     05/01/2027 
3871845   3871845AD  LEONARD          565 ESCUELA ROAD               GOLDEN VALL      AZ     86413      MANUFACTURE     06/01/2027 
3871852   3871852AD  BANDY            3322 EAST AVENUE R-12          PALMDALE         CA     93550      SFR             07/01/2027 
3871860   3871860AD  MATOS            2805 WEST VANDALIA STREET      BROKEN ARRO      OK     74012      SFR             06/01/2027 
3871886   3871886AD  KING             17509 INGRAM ROAD              FORT MYERS       FL     33912      SFR             06/01/2027 
3871902   3871902AD  FLINNER          117 OLD RIDGE ROAD             CORAOPOLIS       PA     15108      SFR             06/01/2027 
3871910   3871910AD  MERTENS          311 NORTH SUNBURY DRIVE        SLIPPERY RO      PA     16057      MANUFACTURE     05/01/2027 
3871944   3871944AD  ALTAHER          814 FARRAGUT STREET            PITTSBURGH       PA     15206      2-4 UNITS       06/01/2012 
3871951   3871951AD  DRAZDYS          1629 LANGFORD ROAD             BALTIMORE        MD     21207      SFR             06/01/2027 
3871969   3871969AD  MUNGO            800 NORTH FRASER STREET        FLORENCE         SC     29502      SFR             07/01/2027 
3871977   3871977AD  PYLARINOS        5 BANK STREET                  SELDEN           NY     11784      SFR             07/01/2012 
3871985   3871985AD  BAILEY           4305 FERNHILL AVENUE           BALTIMORE        MD     21207      SFR             06/01/2027 
3871993   3871993AD  CUNNINGHAM       RD 2 BOX 50                    ALIQUIPPA        PA     15001      SFR             06/01/2027 
3872009   3872009AD  MARSH            13620 CURRIERS ROAD            CHAFFEE          NY     14030      SFR             07/01/2027 
3872017   3872017AD  HARGRAVE         274 NORTH HILTON STREET        BALTIMORE        MD     21229      SFR             07/01/2027 
3872025   3872025AD  LEWIS            339 EDISON STREET              BATON ROUGE      LA     70806      SFR             01/01/2027 
3872041   3872041AD  FOLARIN          1018 PARK ROAD                 WASHINGTON       DC     20010      SFR             06/01/2027 
3872058   3872058AD  AMADOR           6426 NW 188TH LANE             MIAMI            FL     33015      PUD             07/01/2027 
3872066   3872066AD  ALVAREZ          926 MICHIGAN AVENUE 1          MIAMI BEACH      FL     33139      CONDO           06/01/2027 
3872090   3872090AD  STEVENS          55 BARNICKEL STREET            MEADOW LAND      PA     15347      SFR             07/01/2027 
3872132   3872132AD  STEVENS          300 BARNICKEL STREET           MEADOW LAND      PA     15347      SFR             07/01/2027 
3872140   3872140AD  WILLIAMS         3727 IRWINGTON ROAD            MACON            GA     31207      SFR             07/01/2027 
3872157   3872157AD  OWUNNAH          1822 RIVER DRIVE               NASHVILLE        TN     37218      SFR             07/01/2027 
3872165   3872165AD  BRODIE           26 BATES STREET                WASHINGTON       DC     20001      2-4 UNITS       07/01/2027 
3872173   3872173AD  VARGAS           275 SYLVAN AVENUE              WATERBURY        CT      6702      SFR             07/01/2027 
3872181   3872181AD  DIMITROV         9360-62 SW 168TH STREET        MIAMI            FL     33157      2-4 UNITS       07/01/2027 
3872199   3872199AD  DACUS            5 PONDEROSA TRAIL              SAINT ALBAN      WV     25177      SFR             07/01/2027 
3872215   3872215AD  SETTNEK          130 OAKVIEW AVENUE             PITTSBURGH       PA     15218      SFR             07/01/2027 
3872223   3872223AD  FISHER           867 PARK CIRCLE                HARRISONBUR      VA     22801      SFR             07/01/2012 
                                                                                                                                   
<CAPTION>                                                                                              
SERVICER    9/1/97
 LOAN      SCHEDULED  CURRENT   CURRENT               OCCUPANCY   ORIGINAL                                                  DUE    
NUMBER     BALANCE     RATE   P&I PAYMENT     LTV     STATUS       TERM    SERVICER            ORIGINATOR                   DATE   
- -------    ---------  ------     -------     -----    ------        ---    -------    -------------------------------     -------- 
<S>        <C>        <C>         <C>        <C>      <C>           <C>    <C>        <C>                                 <C>      
3860467    60,000.00    9.75      515.49     57.14    OWNER         360    ADVANTA    THE MONEY TREE HOME LOANS OF A      10/01/97 
3860517    60,000.00   10.95      569.13     35.93    OWNER         360    ADVANTA    AMRESCO                             10/01/97 
3860541    38,925.00     9.2      318.82        75    OWNER         360    ADVANTA    AMRESCO                             10/01/97 
3860608    34,500.00    9.58      292.11        75    NON OWNER     360    ADVANTA    AMRESCO                             10/01/97 
3860616    42,800.00   11.98      439.59        80    OWNER         360    ADVANTA    AMRESCO                             10/01/97 
3860681    63,750.00   11.38      625.48        85    OWNER         360    ADVANTA    AMRESCO                             10/01/97 
3863644    66,500.00     8.2      497.26        70    OWNER         360    ADVANTA    AMRESCO                             10/01/97 
3863677    60,000.00    11.4       589.6     43.64    OWNER         360    ADVANTA    AMRESCO                             10/01/97 
3863685    72,250.00   10.88      681.51        85    OWNER         360    ADVANTA    AMRESCO                             10/01/97 
3863792   265,000.00    7.95     1935.25     61.63    OWNER         360    ADVANTA    AMRESCO                             10/01/97 
3870334   283,859.75  11.525     2817.35        90    OWNER         360    ADVANTA    EDGE MORTGAGE SERVICES              09/01/97 
3870342    49,000.00    7.95      466.86     61.25    OWNER         180    ADVANTA    AMRESCO                             10/01/97 
3870391    45,000.00    11.6      449.07        75    OWNER         360    ADVANTA    AMRESCO                             10/01/97 
3870482    24,000.00    10.1      212.39        75    OWNER         360    ADVANTA    AMRESCO                             10/01/97 
3870524    80,900.00   12.25      847.75     89.99    OWNER         360    ADVANTA    AMRESCO                             10/01/97 
3870532    22,500.00   11.23      258.99        75    NON OWNER     180    ADVANTA    AMRESCO                             10/01/97 
3871597   103,353.95    9.75      889.23        75    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3871605    59,170.53    9.99      519.53        75    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3871621    38,476.54   11.74      388.33        70    NON OWNER     360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3871662    62,220.93   10.25      558.28        70    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3871670   100,809.20    9.75      867.75     73.72    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3871688    97,917.45   10.25      878.18     65.33    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3871696    58,421.71      10      513.38        90    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               10/01/97 
3871738   168,586.29   11.49     1669.83        75    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3871811   126,829.68    9.99     1113.58     79.38    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3871829    37,834.45   10.25      339.63     73.88    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3871845    55,536.63   10.75      519.02     77.22    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3871852    68,814.57    12.5      734.81        85    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3871860    58,383.00    10.5      535.13        75    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3871886    75,881.25   10.99       723.2     79.17    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3871902    57,619.14    11.5      571.16        75    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3871910    41,795.61   11.49      414.12     74.93    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3871944    39,727.11   10.74      448.13     66.67    OWNER         180    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3871951    57,363.36    13.5      657.47        70    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3871969    17,990.88      13      199.12     42.35    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3871977   127,497.04   12.25     1556.87        80    OWNER         180    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3871985    82,424.39   11.75      832.77        75    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3871993    64,122.77   11.25      631.32     36.11    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               10/01/97 
3872009    65,950.08   10.75       616.1        75    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3872017    56,667.32   11.99      582.79        90    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3872025    71,787.43   10.99      685.13        80    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3872041    82,640.28   10.49      756.24        70    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3872058    90,900.51   12.25      953.07        85    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3872066    44,199.57   10.75      413.07        75    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3872090    61,966.27   12.25       649.7     84.93    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3872132    53,959.16   10.75      504.08        54    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3872140    93,529.20   10.75      873.74        80    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               10/01/97 
3872157    91,141.30   11.49      902.45        80    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3872165    97,933.35   11.24       951.1        70    NON OWNER     360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3872173    59,965.49      12      617.17        80    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               10/01/97 
3872181    67,951.28      11      647.58        80    NON OWNER     360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3872199    52,468.77   11.75      529.95        75    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               10/01/97 
3872215    29,536.71   11.99      304.25        80    OWNER         360    ADVANTA    WEYERHAEUSER MORTGAGE               09/01/97 
3872223    99,537.18    10.5      1105.4     60.79    OWNER         180    ADVANTA    WEYERHAEUSER MORTGAGE               10/01/97 
</TABLE>                                                              
                                                                      



                                   Page 2
<PAGE>   5
AMRESCO MORTGAGE LOAN SCHEDULE
1997-3 PREFUND 1 GROUP 1 FIXED RATE LOANS

<TABLE>
<CAPTION>
   SERVICER          AMRESCO          LAST                                                             ZIP      PROPERTY     
  LOAN NUMBER      LOAN NUMBER        NAME                  ADDRESS                 CITY       STATE   CODE       TYPE       
  -----------      -----------        ----                  -------                 ----       -----   ----       ----       
    <S>             <C>          <C>            <C>                             <C>             <C>    <C>     <C>           
    3872249         3872249AD    TERRY          RT. 1                           VINTON          VA     24179   SFR           
    3872256         3872256AD    COPPOLA        A-4 & A-5 HOWES LOOP            WILMINGTON      VT      5363   PUD           
    3872280         3872280AD    DIAK           1710 KENNEDY DRIVE              MADISON         IL     62060   SFR           
    3872371         3872371AD    LEQUIRE        709 CHERRY STREET               ROCKFORD        IL     61101   2-4 UNITS     
    3872389         3872389AD    LANE           127 SOUTH 6TH STREET            RICHMOND        CA     94804   SFR           
    3872397         3872397AD    LONEY          57 PLEASANT DALE ROAD           HENDERSON       NV     89014   SFR           
    3872439         3872439AD    MALONE         3400 FOX HOLLOW ROAD            LINCOLN         NE     68506   SFR           
    3872454         3872454AD    AISA           65 N. GARY AVENUE               TULSA           OK     74110   SFR           
    3872462         3872462AD    STRANTZ        5720 147TH STREET NORTH         HUGO            MN     55038   SFR           
    3872470         3872470AD    BARBER         12804 AQUA CALIENTE DRIVE       TOPOCK          AZ     86436   SFR           
    3872488         3872488AD    DECK           7685 DERBY LANE                 COTATI          CA     94931   SFR           
    3872496         3872496AD    WALWYN         1041 BEASLEY ROAD               JACKSON         MS     39206   SFR           
    3872520         3872520AD    PASQUARIELLO   11640 NORTH 108TH WAY           SCOTTSDALE      AZ     85259   SFR           
    3872546         3872546AD    LOCKE          2 PONY TRAIL                    SONOITA         AZ     85637   MANUFACTURE   
    3872561         3872561AD    CASADO         10655 BROOKHOLLOW COURT         SAN DIEGO       CA     92126   SFR           
    3872579         3872579AD    WILLIAMS       106 CARDINAL LANE               COMMERCE        OK     74339   SFR           
    3872587         3872587AD    ODELL          BOX 567                         CHICO           TX     76431   SFR           
    3872595         3872595AD    JENKINS        25 HEWIT DRIVE                  CORPUS CHRI     TX     78404   PUD           
    3872611         3872611AD    O LORDS        3525 158TH PLACE                STANWOOD        WA     98292   MANUFACTURE   
    3872629         3872629AD    TERRY          5481 WEST PHENIX AVENUE         WASILLA         AK     99654   SFR           
    3872637         3872637AD    ESTEP          NNA MEADOWVIEW ROAD             SAGLE           ID     83860   MANUFACTURE   
    3872645         3872645AD    DISON          5651 WINDSOR WAY 307            CULVER CITY     CA     90230   CONDO         
    3872660         3872660AD    BROWN          808 STEWART STREET              BOYCE           LA     71409   SFR           
    3872678         3872678AD    BILLHEIMER     665 NORTH LONE EAGLE ROAD       WALNUT          CA     91789   SFR           
    3872686         3872686AD    SLATTERY       1230 LONG LAKE ROAD             NEW BRIGHTO     MN     55112   SFR           
    3872702         3872702AD    HODGES         3766 NORTH MELODY STREET        KINGMAN         AZ     86401   SFR           
    3872728         3872728AD    PALOMBIA       3657 BISQUIER DRIVE             ANCHORAGE       AK     99508   SFR           
    3872736         3872736AD    VOGEL          1705 SOUTH VICTORIA ROAD        MENDOTA HEI     MN     55118   SFR           
    3872751         3872751AD    JONES          9427 SOUTH 68TH EAST            TULSA           OK     74133   SFR           
    3872769         3872769AD    THOMPSON       2600 56TH STREET                DES MOINES      IA     50310   SFR           
    3872777         3872777AD    GREEN          918 SOUTH FOUNTAIN DRIVE        CEDAR CITY      UT     84720   SFR           
    3872827         3872827AD    DUCHENE        4747 LAKELAND AVENUE            CRYSTAL         MN     55429   SFR           
    3872835         3872835AD    EGGE           20912 JUNO AVENUE NORTH         FOREST LAKE     MN     55025   SFR           
    3872843         3872843AD    FEINER         1806 LOS ALTOS DRIVE            SAN MATEO       CA     94402   SFR           
    3872850         3872850AD    MOLINA         2263 MARDEL AVENUE              WHITTIER        CA     90601   SFR           
    3872876         3872876AD    CORVIN         1508 SOUTH ASPEN COURT          BROKEN ARRO     OK     74012   SFR           
    3872884         3872884AD    DOUGHTY        HRC 64 BOX 1448                 LOCUST GROV     OK     74352   SFR           
    3872892         3872892AD    SLOAN          18014 NORTH 1ST STREET          PHOENIX         AZ     85022   PUD           
    3872900         3872900AD    SMITH          2109 HUNTZINGER                 FARMINGTON      NM     87401   SFR           
    3872926         3872926AD    BECK           15099 RATTLESNAKE ROAD          GRASS VALLE     CA     95945   SFR           
    3872934         3872934AD    DAVIS          1934 OLIVER AVENUE NORTH        MINNEAPOLIS     MN     55411   2-4 UNITS     
    3872983         3872983AD    BANKS          115 EAST 99TH STREET            LOS ANGELES     CA     90003   SFR           
    3872991         3872991AD    LA RUSSO       6255 COPPER DRIVE               FLAGSTAFF       AZ     86004   MANUFACTURE   
    3873007         3873007AD    FERRERIA       56 FRONTIER STREET              TRABUCO CAN     CA     92679   PUD           
    3873015         3873015AD    MURRAY         1540 EAST 52ND STREET           LOS ANGELES     CA     90011   SFR           
    3873023         3873023AD    GARCIA         1400 SILVER LAKE                LOS ANGELES     CA     90026   2-4 UNITS     
    3873031         3873031AD    M              905 WEST 73RD STREET            LOS ANGELES     CA     90044   SFR           
    3873049         3873049AD    WILKE          3425 MAYFAIR                    HORN LAKE       MS     38637   SFR           
    3873056         3873056AD    RUIZ           832 LANTANA LANE                GERVAIS         OR     97026   SFR           
    3873064         3873064AD    WEATHERLY      RT. 1 HWY 27                    BELLEVILLE      AR     72824   SFR           
    3873098         3873098AD    ABBOTT         3802 SHAWBRIDGE ROAD            BENTON          AR     72015   SFR           
    3873114         3873114AD    GRISWOLD       1319 WEST WREN DRIVE            VISALIA         CA     93291   SFR           
    3873148         3873148AD    THAYER         225 MORTON STREET EAST          ST. PAUL        MN     55107   2-4 UNITS     
    3873155         3873155AD    MARKHAM        1680 WEST BOULEVARD             LOS ANGELES     CA     90019   SFR           
</TABLE>                                                                     

<TABLE>
<CAPTION>
   SERVICER      MATURITY             9/1/97           CURRENT        CURRENT              OCCUPANCY    ORIGINAL      
  LOAN NUMBER      DATE         SCHEDULED BALANCE       RATE       P&I PAYMENT      LTV      STATUS       TERM      SERVICER
  -----------      ----         ------------------      ----       ------------     ---      ------       ----      --------
    <S>           <C>              <C>                 <C>             <C>          <C>      <C>          <C>      <C>      
    3872249       7/1/27            59,772.50             13           661.51          65    OWNER        360      ADVANTA  
    3872256       7/1/27            41,273.02           11.7           415.31          70    OWNER        360      ADVANTA  
    3872280       7/1/12            23,893.84          10.99           272.64       55.81    OWNER        180      ADVANTA  
    3872371       7/1/27            59,963.52          11.75           605.65          75    NON OWNER    360      ADVANTA  
    3872389       6/1/27            59,445.48          11.75            600.6          70    OWNER        360      ADVANTA  
    3872397       6/1/27           104,859.18           9.99           920.68          75    OWNER        360      ADVANTA  
    3872439       6/1/27            29,959.77           9.99           263.05       19.29    OWNER        360      ADVANTA  
    3872454       7/1/12            14,935.62           10.5           165.81          60    NON OWNER    180      ADVANTA  
    3872462       7/1/27            83,929.24          10.25           752.73          80    OWNER        360      ADVANTA  
    3872470       6/1/27            70,142.39          12.25           735.63          90    OWNER        360      ADVANTA  
    3872488       7/1/27           169,913.08           8.99          1367.44          70    OWNER        360      ADVANTA  
    3872496       6/1/27            83,711.26           8.99           674.08          65    OWNER        360      ADVANTA  
    3872520       6/1/12           244,699.23           9.99           2647.4       58.69    OWNER        180      ADVANTA  
    3872546       5/1/27            23,304.53           9.99           210.44       22.86    OWNER        360      ADVANTA  
    3872561       6/1/27           161,415.83          10.75          1508.51          80    OWNER        360      ADVANTA  
    3872579       6/1/27            31,453.15            9.5           264.87          70    OWNER        360      ADVANTA  
    3872587       6/1/27            43,078.44             11           410.69          75    OWNER        360      ADVANTA  
    3872595       7/1/27           367,236.72             11          3499.79          70    NON OWNER    360      ADVANTA  
    3872611       6/1/27            53,919.66            9.5           454.07       49.09    OWNER        360      ADVANTA  
    3872629       6/1/27           132,456.53          10.99          1261.78          85    OWNER        360      ADVANTA  
    3872637       6/1/27           115,881.38          11.25          1126.67          80    OWNER        360      ADVANTA  
    3872645       6/1/27            59,116.47           9.75           508.62          80    OWNER        360      ADVANTA  
    3872660       6/1/27            19,983.60          12.25           209.58          80    OWNER        360      ADVANTA  
    3872678       6/1/27           188,817.03           11.5          1871.66       71.86    OWNER        360      ADVANTA  
    3872686       7/1/27           114,230.52          11.75          1153.76          90    OWNER        360      ADVANTA  
    3872702       6/1/27            63,423.39           10.5           580.86       84.67    OWNER        360      ADVANTA  
    3872728       6/1/27           137,680.26          11.99          1416.37       84.64    OWNER        360      ADVANTA  
    3872736       7/1/27           125,948.27           13.5          1443.22          70    OWNER        360      ADVANTA  
    3872751       6/1/27            74,794.64          10.75              699          80    OWNER        360      ADVANTA  
    3872769       7/1/27            44,967.75             11           428.55       69.23    OWNER        360      ADVANTA  
    3872777       7/1/27            56,956.87          10.75           532.09       53.27    OWNER        360      ADVANTA  
    3872827       6/1/27            71,840.33            8.5           553.62       54.14    OWNER        360      ADVANTA  
    3872835       7/1/27            81,941.11          10.99           780.29       70.69    OWNER        360      ADVANTA  
    3872843       6/1/27           299,450.88            8.5          2306.75       60.98    OWNER        360      ADVANTA  
    3872850       7/1/27           114,623.91           8.99           922.48          75    OWNER        360      ADVANTA  
    3872876       7/1/27            73,431.14           9.75           631.48          70    NON OWNER    360      ADVANTA  
    3872884       7/1/27            55,648.37             10           488.99          70    OWNER        360      ADVANTA  
    3872892       6/1/27            42,703.74          10.99            406.8          75    OWNER        360      ADVANTA  
    3872900       6/1/27            89,991.62           10.5           824.19          85    OWNER        360      ADVANTA  
    3872926       6/1/27           112,364.39          10.49          1028.25        74.5    OWNER        360      ADVANTA  
    3872934       6/1/27            75,930.34          11.75           767.16       78.35    OWNER        360      ADVANTA  
    3872983       6/1/27           115,808.08           8.99           932.53          80    OWNER        360      ADVANTA  
    3872991       6/1/27            86,956.18           9.99            764.6          80    OWNER        360      ADVANTA  
    3873007       6/1/27           148,980.02          10.75          1392.29       74.61    OWNER        360      ADVANTA  
    3873015       6/1/12           100,648.34           8.49           998.92       75.19    OWNER        180      ADVANTA  
    3873023       7/1/27           130,756.16           8.99          1052.31          85    OWNER        360      ADVANTA  
    3873031       7/1/27            99,890.11           8.99           803.91          80    OWNER        360      ADVANTA  
    3873049       7/1/27            41,811.61          11.25           406.38          80    OWNER        360      ADVANTA  
    3873056       7/1/27           101,469.56           9.99           890.52          80    OWNER        360      ADVANTA  
    3873064       7/1/27            23,980.84           10.5           219.54        50.1    OWNER        360      ADVANTA  
    3873098       7/1/27            71,951.15          11.25           699.31          80    OWNER        360      ADVANTA  
    3873114       7/1/27            62,472.84          13.25           703.61       52.52    OWNER        360      ADVANTA  
    3873148       7/1/27            76,955.70             12           792.04          70    NON OWNER    360      ADVANTA  
    3873155       7/1/27           106,899.75           9.75            919.3       74.31    OWNER        360      ADVANTA  
</TABLE>

<TABLE>
<CAPTION>
     SERVICER                                                DUE       
  LOAN NUMBER                      ORIGINATOR                DATE      
  -----------                      ----------                ----      
    <S>                        <C>                          <C>        
    3872249                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872256                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872280                    WEYERHAEUSER MORTGAGE        10/1/97    
    3872371                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872389                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872397                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872439                    WEYERHAEUSER MORTGAGE        11/1/97    
    3872454                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872462                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872470                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872488                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872496                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872520                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872546                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872561                    WEYERHAEUSER MORTGAGE        10/1/97    
    3872579                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872587                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872595                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872611                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872629                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872637                    WEYERHAEUSER MORTGAGE        10/1/97    
    3872645                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872660                    WEYERHAEUSER MORTGAGE        10/1/97    
    3872678                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872686                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872702                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872728                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872736                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872751                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872769                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872777                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872827                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872835                    WEYERHAEUSER MORTGAGE        10/1/97    
    3872843                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872850                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872876                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872884                    WEYERHAEUSER MORTGAGE        10/1/97    
    3872892                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872900                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872926                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872934                    WEYERHAEUSER MORTGAGE        10/1/97    
    3872983                    WEYERHAEUSER MORTGAGE         9/1/97    
    3872991                    WEYERHAEUSER MORTGAGE         9/1/97    
    3873007                    WEYERHAEUSER MORTGAGE         9/1/97    
    3873015                    WEYERHAEUSER MORTGAGE        10/1/97    
    3873023                    WEYERHAEUSER MORTGAGE         9/1/97    
    3873031                    WEYERHAEUSER MORTGAGE        10/1/97    
    3873049                    WEYERHAEUSER MORTGAGE         9/1/97    
    3873056                    WEYERHAEUSER MORTGAGE         9/1/97    
    3873064                    WEYERHAEUSER MORTGAGE         9/1/97    
    3873098                    WEYERHAEUSER MORTGAGE         9/1/97    
    3873114                    WEYERHAEUSER MORTGAGE        10/1/97    
    3873148                    WEYERHAEUSER MORTGAGE         9/1/97    
    3873155                    WEYERHAEUSER MORTGAGE        10/1/97    
</TABLE>                                                               

                                    Page 3
<PAGE>   6
AMRESCO MORTGAGE LOAN SCHEDULE
1997-3 PREFUND 1 GROUP 1 FIXED RATE LOANS

<TABLE>
<CAPTION>
                                                                                                                           9/1/97
 SERVICER      AMRESCO    LAST                                                            ZIP     PROPERTY    MATURITY    SCHEDULED
LOAN NUMBER  LOAN NUMBER  NAME          ADDRESS                    CITY        STATE      CODE     TYPE         DATE       BALANCE
- -----------  -----------  ----          -------                    ----       -----       ----     ----         ----       -------
<S>           <C>         <C>           <C>                       <C>           <C>       <C>   <C>             <C>        <C>
 3873171     3873171AD   MARR          2408 GOSIUTE DRIVE          BULLHEAD CI   AZ       86426   MANUFACTURE   7/1/27    64,750.98
 3873189     3873189AD   FOSTER        839 HEARST AVENUE           BERKELEY      CA       94710   SFR           7/1/27   147,837.37
 3873197     3873197AD   FUGGINS       403 EAST 118TH STREET       LOS ANGELES   CA       90061   SFR           7/1/27    83,159.56
 3873213     3873213AD   BERTONIERE    1617 ELISE AVENUE           METAIRIE      LA       70003   SFR           7/1/27    94,342.60
 3873221     3873221AD   GARRIER       3438 WYANDOT STREET         DENVER        CO       80211   SFR           7/1/27    51,976.03
 3873239     3873239AD   HILL          614 NORTH BROADWAY          ABERDEEN      WA       98520   SFR           7/1/27    73,140.53
 3873247     3873247AD   VENSKE        4220 MEADOW DRIVE           MONTESANO     WA       98563   SFR           7/1/27    86,170.01
 3873254     3873254AD   DRUDGE        1625 DEETZ ROAD             MT SHASTA     CA       96067   SFR           7/1/27   116,915.98
 3873270     3873270AD   LOCKHART      8927 LA SALLE AVENUE        LOS ANGELES   CA       90047   SFR           7/1/27   135,902.34
 3873296     3873296AD   JONES         1517 NORTH LOTUS AVENUE     CHICAGO       IL       60651   2-4 UNITS     7/1/27    99,938.62
 3873304     3873304AD   BOLES         1198 PEGGY LANE             CHICAGO HEI   IL       60411   SFR           7/1/27    53,967.16
 3873338     3873338AD   TAYLOR        77 GILES STREET             WATERBURY     CT        6704   2-4 UNITS     7/1/27    78,251.37
 3873346     3873346AD   ROSADO        23 ELIZABETH STREET         WATERBURY     CT        6704   2-4 UNITS     7/1/27    58,160.51
 3873361     3873361AD   BISTLINE      504 NORTH BEDFORD STREET    CARLISLE      PA       17013   2-4 UNITS     7/1/27    45,570.25
 3873395     3873395AD   ANSWEENEY     10136 SISSON HIGHWAY        NORTH COLLI   NY       14057   SFR           7/1/12    54,721.08
 3873403     3873403AD   PRASAD        912 BOWEN AVENUE            MODESTO       CA       95350   SFR           7/1/27    62,350.18
 3873445     3873445AD   DUNCAN        205 NORTH 2ND STREET        DELMAR        DE       19940   SFR           7/1/27    59,157.49
 3873478     3873478AD   ROBICHAUD     186-188 AUBURN STREET       MANCHESTER    NH        3105   2-4 UNITS     7/1/27    72,758.13
 3873510     3873510AD   PETRETTO      50 BARNETT STREET           NEW HAVEN     CT        6512   2-4 UNITS     7/1/27   103,936.65
 3873528     3873528AD   PETRETTO      47-49 GILBERT STREET        WEST HAVEN    CT        6516   2-4 UNITS     7/1/27   113,530.80
 3873544     3873544AD   MOORE         4018 EDMONDSON AVENUE       BALTIMORE     MD       21229   SFR           7/1/12    59,722.31
 3873569     3873569AD   SIMS          10845 S.W. 112 AVENUE 205   MIAMI         FL       33176   CONDO         7/1/27    37,416.64
 3873619     3873619AD   YAROSZ        12 MYRTLE DRIVE             MONTAGUE      NJ        7827   SFR           7/1/27    61,714.48
 3873627     3873627AD   WRVES         13410 SW 2ND STREET         MIAMI         FL       33184   SFR           7/1/12   129,398.34
 3873643     3873643AD   ROSS          1836 SOUTH 23RD AVENUE      MAYWOOD       IL       60153   SFR           7/1/27    78,443.75
 3873668     3873668AD   LOWRY         1987 NORTH US HIGHWAY 421   MICHIGAN CI   IN       46360   SFR           7/1/27    52,919.92
 3873726     3873726AD   THOMPSON      1850 BLOSSOM AVENUE 119     FAIRFIELD     CA       94533   CONDO         7/1/27    53,207.49
 3873742     3873742AD   THURMOND      2208 EMERALD RIVER WAY      FORT MOHAVE   AZ       86427   PUD           7/1/27    74,297.58
 3873759     3873759AD   MCCUMBER      6529 WEST PAPAGO STREET     PHOENIX       AZ       85043   PUD           7/1/27    57,568.66
 3873767     3873767AD   WILLIAMS      690 LADERA STREET           PASADENA      CA       91104   SFR           7/1/27   117,370.47
 3873775     3873775AD   SPIVEY        545 ANN STREET              FOREST        MS       39074   SFR           7/1/27    22,366.34
 3873809     3873809AD   TAMBURELLO    1743 COUNTY ROAD 210        RIFLE         CO       81650   SFR           7/1/27   199,812.62
 3873833     3873833AD   ELCOCK        7336 WEDMORE DRIVE          MARRERO       LA       70072   SFR           7/1/12    67,228.17
 3873841     3873841AD   TRAMMELL      1031 THIRD STREET           LAS VEGAS     NM       87701   SFR           7/1/27    52,961.99
 3873866     3873866AD   ERICKSON      7448 FLORIDA AVENUE NORTH   BROOKLYN PA   MN       55428   SFR           7/1/27   109,561.52
 3873874     3873874AD   GRAMSE        190 WEST 200 SOUTH          RICHFIELD     UT       84701   SFR           7/1/12    49,768.59
 3873908     3873908AD   BURCHETT      420 ST. JOSEPH STREET       NEW MARKET    MN       55054   SFR           7/1/12    62,886.69
 3873916     3873916AD   GIBSON        608 DENISON LANE            BAKERSFIELD   CA       93306   SFR           7/1/27   112,100.10
 3873932     3873932AD   WEST          6 NEILA WAY                 MILL VALLEY   CA       94941   SFR           7/1/27   355,244.75
 3873957     3873957AD   HERNANDEZ     2660 NEVADA STREET          UNION CITY    CA       94587   SFR           7/1/12    52,692.38
 3873965     3873965AD   ATTLA         2604 WHITMAN ROAD           NORTH POLE    AK       99705   SFR           7/1/27    59,940.61
 3873981     3873981AD   WINSETT       9940 EAST 114TH PLACE       BIXBY         OK       74008   SFR           7/1/27    83,656.93
 3873999     3873999AD   SPEAR         401 EAST KSTREET            RUSSELLVILL   AR       72801   SFR           7/1/27    21,734.37
 3874021     3874021AD   VAN TRAN      5405 YALE STREET            MONTCLAIR     CA       91763   SFR           7/1/27    95,805.28
 3874047     3874047AD   TRUTNA        3747 TRINITY STREET         EUREKA        CA       95501   SFR           7/1/27   153,855.72
 3874054     3874054AD   TRUTNA        2424 HUBBARD LANE           EUREKA        CA       95501   2-4 UNITS     7/1/27   115,417.24
 3874062     3874062AD   TRUTNA        2447 JACOBY CREEK ROAD      BAYSIDE       CA       95524   SFR           7/1/27    76,944.83
 3874070     3874070AD   VICKERS       6271 BASS MOUNTAIN ROAD     SNOW CAMP     NC       27349   SFR           7/1/27    62,347.44
 3874088     3874088AD   MUNOZ         305 LAKEWOOD DRIVE          BAYTOWN       TX       77520   SFR           7/1/27    51,268.81
 3874096     3874096AD   VOORHEES      2013 NORTH 73RD AVENUE      PHOENIX       AZ       85035   SFR           7/1/27    58,959.97
 3874104     3874104AD   WIDING        1354 BIRMINGHAM STREET      ST. PAUL      MN       55106   SFR           7/1/27    58,464.43
 3874112     3874112AD   JOHNSON       403 CACTUS ROAD             GALLUP        NM       87301   SFR           7/1/27    79,908.76
 3874138     3874138AD   HARRIS        4330 SHASTA WAY             KLAMATH FAL   OR       97601   SFR           7/1/27    43,056.84
 3874153     3874153AD   JACKSON       6917 NORTH 33RD STREET      NEBRASKA      NE       68111   SFR           7/1/27    31,478.57

<CAPTION>
 SERVICER      CURRENT CURRENT              OCCUPANCY   ORIGINAL                                           DUE    
LOAN NUMBER     RATE  P&I PAYMENT    LTV     STATUS     TERM   SERVICER    ORIGINATOR                     DATE   
- -----------     ----  -----------    ---     ------     ----   --------    ----------                     ----   
<S>            <C>       <C>         <C>      <C>        <C>   <C>         <C>                          <C>           
 3873171      10.75       604.9      80      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE        10/1/97 
 3873189       8.99      1189.78     69.16   OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873197          9       669.85     75      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE        10/1/97 
 3873213      11.75       952.89     80      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873221      12.99       574.82     61.18   OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873239       10.5       671.42     74.97   OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE        10/1/97 
 3873247       10.5       788.97     75      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873254      10.99      1113.34     90      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE        10/1/97 
 3873270      10.99      1294.14     87.18   OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873296      11.75      1009.41     69.93   OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873304      11.75       545.09     79.41   OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873338      11.75       791.38     80      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873346      11.25       565.28     80      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873361      10.25       409.52     64.37   OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873395        9.5       574.33     59.78   OWNER       180   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873403       10.5       570.8      80      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873445      10.99       563.33     80      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873478         12       748.83     65      NON OWNER   360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873510      11.74      1048.99     69.33   NON OWNER   360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873528      11.74      1145.82     75.73   NON OWNER   360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873544       10.5       663.24     75      OWNER       180   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873569       9.99       328.38     61.95   OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873619         12       635.17     65      NON OWNER   360   ADVANTA     WEYERHAEUSER MORTGAGE        10/1/97 
 3873627       10.5      1437.02     65      OWNER       180   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873643         11       747.58     74.76   OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873668      10.75       494.38     80      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873726       10.5       487.1      75      NON OWNER   360   ADVANTA     WEYERHAEUSER MORTGAGE        10/1/97 
 3873742       9.25       611.87     85      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873759      12.25       603.59     90      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873767       8.99       944.59     73.44   OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873775      10.25       258.47     75      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873809       9.75      1718.31     50      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873833      11.99       809.68     90      OWNER       180   ADVANTA     WEYERHAEUSER MORTGAGE        10/1/97 
 3873841      10.99       505.29     90      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE        10/1/97 
 3873866      10.45       998.92     85      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873874       10.5       552.7      57.47   OWNER       180   ADVANTA     WEYERHAEUSER MORTGAGE        10/1/97 
 3873908       9.75       669.52     80      OWNER       180   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873916       9.99       983.81     85      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873932      10.99      3382.83     90      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873957       7.99       506.19     21.99   OWNER       180   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873965       9.49       504.08     48      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE        10/1/97 
 3873981       12.5       893.3      90      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3873999      10.99       206.97     75      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3874021        9.5       806.38     70      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3874047       9.75      1323.1      70      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3874054         11      1099.94     70      NON OWNER   360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3874062         11       733.29     70      NON OWNER   360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3874070      10.25       559.17     73.41   OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3874088      11.75       517.83     90      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3874096      11.25       573.05     89.39   OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3874104      11.75       590.51     65.73   NON OWNER   360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3874112         10       702.06     63.19   OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3874138        9.5       362.41     74.31   OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
 3874153      11.25       305.95     70      OWNER       360   ADVANTA     WEYERHAEUSER MORTGAGE         9/1/97 
</TABLE>                                                       
                                                               
                                    Page 4
<PAGE>   7
AMRESCO MORTGAGE LOAN SCHEDULE
1997-3 PREFUND 1 GROUP 1 FIXED RATE LOANS


<TABLE>
<CAPTION>
 SERVICER      AMRESCO      LAST                                                                      ZIP    PROPERTY  
LOAN NUMBER   LOAN NUMBER   NAME               ADDRESS                         CITY          STATE    CODE     TYPE  
- -----------   -----------   ----               -------                         ----          -----    ----     ----
<S>          <C>         <C>              <C>                               <C>               <C>     <C>     <C>       
3874161      3874161AD    BURAS           420 WEBSTER STREET                BAY ST. LOU       MS      39520     SFR     
3874179      3874179AD    TARTER          70100 MIRAGE COVE DRIVE           RANCHO MIRA       CA      92270     CONDO   
3874187      3874187AD    DAVIS           2048 WEST 65TH PLACE              LOS ANGELES       CA      90047     SFR     
3874229      3874229AD    WINDING         1804 FLORIDA AVENUE               BAKER             LA      70714     SFR     
3874245      3874245AD    ALVAREZ         8633 HASTY AVENUE                 PICO RIVERA       CA      90660     SFR     
3874252      3874252AD    BUCHANAN        3031 NORTH CIVIC CENTER           PHOENIX           AZ      85251     CONDO   
3874260      3874260AD    WEBER           16903 EAST 43RD STREET            INDEPENDENC       MO      64055     SFR     
3874278      3874278AD    JANIS           227 EAST MAIN STREET              PORT JERVIS       NY      12771     2-4 UNIT
3874286      3874286AD    JANIS           13 EAST MAIN STREET               PORT JERVIS       NY      12771     2-4 UNIT
3874294      3874294AD    JANIS           29 FOLWER STREET                  WEST MILFOR       NY      12771     2-4 UNIT
3874310      3874310AD    LYDA            838 NORTH OAK STREET              LINCOLNTON        NC      28092     SFR     
3874336      3874336AD    MARTIN          866 WEST 200 NORTH                SALT LAKE C       UT      84116     SFR     
3874344      3874344AD    MITCHELL        28915 WEST CANMORE STREET         AGOURA HILL       CA      91301     SFR     
3874351      3874351AD    BROWN           2291 DORADO STREET                CORONA            CA      91719     CONDO   
3874377      3874377AD    HAMILTON        7701 MONTE TESORO DRIVE           KINGMAN           AZ      86401     PUD     
3874419      3874419AD    KNUDSEN         5675 AMHERST STREET               VENTURA           CA      93003     SFR     
3874427      3874427AD    RAYA            12517-12519 RUSH STREET           SOUTH EL MO       CA      91733     2-4 UNIT
3874443      3874443AD    BRUYERE         630 WEST PEACH STREET             COMPTON           CA      90222     SFR     
3874468      3874468AD    KANU            5024 LILAC DRIVE NORTH            BROOKLYN CE       MN      55429     SFR     
3874476      3874476AD    MOBLEY          1919 WEST 83RD STREET             LOS ANGELES       CA      90047     SFR     
3874492      3874492AD    BARRIENTOS      1602 SOUTH 60TH STREET            OMAHA             NE      68106     SFR     
3874518      3874518AD    THURMAN         60 WEST MANOR STREET              ALTADENA          CA      91001     SFR     
3874526      3874526AD    HINELINE        6724 NORTH 65TH AVENUE            OMAHA             NE      68152     SFR     
3874534      3874534AD    CRADDOCK        31579 GOWDYVILLE ROAD             COTTAGE GRO       OR      97424     SFR     
3874567      3874567AD    HERNANDEZ       864 HOLLOWELL STREET              ONTARIO           CA      91762     SFR     
3874583      3874583AD    DECELL          221 LEONARD AVENUE                BAY ST. LOU       MS      39520     SFR     
3874591      3874591AD    MILLER          1140 EAST OCEAN BOULEVARD         LONG BEACH        CA      90802     CONDO   
3874617      3874617AD    KONZ            14892 EAST KENTUCKY DRIVE         AURORA            CO      80012     CONDO   
3874625      3874625AD    AKBARI          525-527 MAINE STREET              VALLEJO           CA      94590     2-4 UNIT
3874666      3874666AD    HAYES           2363 EVERETT STREET               NORTH BEND        OR      97459     SFR     
3876851      3876851AD    BACDAD          LOT #16 KUKUI CAMP                OOKALA            HI      96774     SFR     
3876869      3876869AD    SOUZA           LOT # 16 OHA STREET               PAPAALOA          HI      96780     SFR     
3876877      3876877AD    KEAWE           59-250 KAMEHAMEHA HIGHWAY         HALEIWA           HI      96712     SFR     
3876950      3876950AD    JONES           3720 CHARLES DRIVE                ATLANTA           GA      30344     SFR     
3876968      3876968AD    BROWN           3907 CHERRY FOREST DRIVE          HOUSTON           TX      77088     SFR     
3876976      3876976AD    LAPINAD         47-446 AIALII PLACE               KANEOHE           HI      96744     SFR     
3876992      3876992AD    DUNCAN          719 FREMONT                       FLINT             MI      48504     SFR     
3877040      3877040AD    BORDADOR        22119 PROSPECT STREET             HAYWARD           CA      94541     SFR     
3877057      3877057AD    KAAEA           1 OLOWALU STREET                  LAHAINA           HI      96761     SFR     
3877156      3877156AD    PROCTOR         16001 NORTHEAST 2ND AVENUE        MIAMI             FL      33162     SFR     
3879301      3879301AD    HARMON          8 SENTINEL SPUR                   IMPERIAL          MO      63052     SFR     
3879376      3879376AD    KLEIN           1402 SHELBY STREET                VINCENNES         IN      47591     SFR     
3879400      3879400AD    CHERKASSKY      720 MARIGOLD AVENUE               SOUTHAMPTON       PA      18966     SFR     
3879475      3879475AD    BARIZONTE       19371 SOUTHWEST 119TH AVEN        MIAMI             FL      33177     SFR     
3879491      3879491AD    DIXON           1628 WAVERLY AVENUE               MEMPHIS           TN      38106     SFR     
3879525      3879525AD    MASSES          8210 SOUTHWEST 29 STREET          MIAMI             FL      33155     SFR     
3879624      3879624AD    LUCAS           12611 WHITE CORAL DRIVE           WEST PALM B       FL      33414     SFR     
3882859      3882859AD    LAWSON          8580 RIDGE ROAD                   DITTMER           MO      63023     SFR     
3882875      3882875AD    SNYDER          HWY 28 BOX 774                    BELLE             MO      65013     SFR     
3882909      3882909AD    CODNER          468 SLOCUM DRIVE                  FOLSOM            CA      95630     SFR     
3882925      3882925AD    TABINO          1847 SE 44TH AVENUE               PORTLAND          OR      97215     SFR     
3883014      3883014AD    HUNTER          RT 1 BOX 143A                     DELIGHT           AR      71940     SFR     
3883097      3883097AD    CARRICK         2011 FINLEY ROAD                  MEMPHIS           TN      38116     SFR     
3883105      3883105AD    SUMMERVILLE     691-693 NORTH MCLEAN BLVD         MEMPHIS           TN      38107     2-4 UNIT
<CAPTION>
 SERVICER     MATURITY          9/1/97           CURRENT     CURRENT            OCCUPANCY    ORIGINAL            
LOAN NUMBER     DATE       SCHEDULED BALANCE      RATE     P&I PAYMENT     LTV   STATUS       TERM    SERVICER 
- -----------     ----       -----------------      ----     -----------     ---   ------       ----    --------
<S>          <C>             <C>                <C>         <C>         <C>                  <C>       <C>        
3874161      07/01/2027       59,159.82          11.25       574.99         80    OWNER       360      ADVANTA    
3874179      07/01/2012       48,767.93          10.25       534.08         70    OWNER       180      ADVANTA    
3874187      07/01/2027      141,160.15           9.49       1187.1         90    OWNER       360      ADVANTA    
3874229      07/01/2027       27,980.99          11.25       271.96         80    OWNER       360      ADVANTA    
3874245      07/01/2027      127,859.64              9      1029.92      77.11    OWNER       360      ADVANTA    
3874252      07/01/2027       71,125.88           9.25       585.75         80    OWNER       360      ADVANTA    
3874260      07/01/2027      107,851.28          12.25      1130.79         90    OWNER       360      ADVANTA    
3874278      07/01/2027       65,964.08          12.25       691.62         80    NON OWNER   360      ADVANTA    
3874286      07/01/2027       71,960.82          12.25       754.49         80    NON OWNER   360      ADVANTA    
3874294      07/01/2027       65,964.08          12.25       691.62         80    NON OWNER   360      ADVANTA    
3874310      07/01/2027      119,922.93           11.5      1188.35      72.73    OWNER       360      ADVANTA    
3874336      07/01/2027       75,935.98          10.25       681.04         80    OWNER       360      ADVANTA    
3874344      07/01/2012      314,769.99          10.75      3544.44         85    OWNER       180      ADVANTA    
3874351      07/01/2027      116,268.98          8.875       926.14         80    OWNER       360      ADVANTA    
3874377      07/01/2027       63,934.21           10.5       585.44         80    OWNER       360      ADVANTA    
3874419      07/01/2027      102,803.59           9.75       884.07         70    OWNER       360      ADVANTA    
3874427      07/01/2027      129,334.74           9.99      1135.06      66.38    OWNER       360      ADVANTA    
3874443      07/01/2027       83,946.04           11.5       831.85      76.36    NON OWNER   360      ADVANTA    
3874468      07/01/2027       69,687.48           9.99        611.6         75    OWNER       360      ADVANTA    
3874476      07/01/2027      117,495.29           9.99      1031.16         80    OWNER       360      ADVANTA    
3874492      07/01/2027       38,721.25             11       369.03      57.84    OWNER       360      ADVANTA    
3874518      07/01/2027       70,921.97           8.99       570.78      68.93    OWNER       360      ADVANTA    
3874526      07/01/2012       53,389.39          12.25       651.94         80    OWNER       180      ADVANTA    
3874534      07/01/2027      104,902.63            9.8       905.97      71.92    OWNER       360      ADVANTA    
3874567      07/01/2027       90,200.77           8.99       725.93         70    OWNER       360      ADVANTA    
3874583      07/01/2027       52,093.24          11.74       525.76         75    NON OWNER   360      ADVANTA    
3874591      07/01/2027       39,956.14              9       321.85         32    OWNER       360      ADVANTA    
3874617      07/01/2027       27,179.42          10.75       253.91         80    OWNER       360      ADVANTA    
3874625      07/01/2027      116,159.66         10.625      1074.27         75    NON OWNER   360      ADVANTA    
3874666      07/01/2027       64,557.34         11.375       633.58         85    OWNER       360      ADVANTA    
3876851      09/01/2027       49,000.00           8.75       385.48         70    OWNER       360      ADVANTA    
3876869      09/01/2027      126,000.00            8.5       968.83         90    OWNER       360      ADVANTA    
3876877      09/01/2027      450,000.00           7.99       3298.8      74.75    OWNER       360      ADVANTA    
3876950      09/01/2012       84,000.00            9.6       882.22         80    OWNER       180      ADVANTA    
3876968      09/01/2012      130,725.00           11.5      1527.12         90    OWNER       180      ADVANTA    
3876976      09/01/2027      185,000.00           9.45      1548.84      67.27    OWNER       360      ADVANTA    
3876992      09/01/2027       68,400.00             11       651.39         90    OWNER       360      ADVANTA    
3877040      09/01/2027      344,000.00          11.33      3362.05         80    NON OWNER   360      ADVANTA    
3877057      09/01/2027      117,000.00            9.5        983.8      47.18    OWNER       360      ADVANTA    
3877156      09/01/2027       61,200.00          11.25       594.41         90    OWNER       360      ADVANTA    
3879301      08/01/2027      343,890.07           11.5       3406.6         80    OWNER       360      ADVANTA    
3879376      08/01/2027       51,736.30          12.35       546.29         75    OWNER       360      ADVANTA    
3879400      09/01/2027      175,000.00          10.08      1546.11      74.47    OWNER       360      ADVANTA    
3879475      09/01/2027       70,000.00          10.95       663.98      78.21    OWNER       360      ADVANTA    
3879491      09/01/2027       19,000.00           9.63       161.57      44.71    OWNER       360      ADVANTA    
3879525      09/01/2027      104,000.00          10.85       978.65         80    OWNER       360      ADVANTA    
3879624      09/01/2027      114,700.00           9.75       985.45      89.96    OWNER       360      ADVANTA    
3882859      08/01/2027       59,898.63             11       570.64         80    OWNER       360      ADVANTA    
3882875      08/01/2027       59,482.93          11.99       611.57       84.4    OWNER       360      ADVANTA    
3882909      09/01/2027       90,000.00            8.2       672.98      56.96    OWNER       360      ADVANTA    
3882925      09/01/2027       80,500.00          10.85       757.51         70    NON OWNER   360      ADVANTA    
3883014      09/01/2012       56,250.00          11.35       651.75         75    OWNER       180      ADVANTA    
3883097      09/01/2027       60,800.00           11.7       611.39         80    OWNER       360      ADVANTA    
3883105      09/01/2027       61,600.00           11.7       619.44         80    OWNER       360      ADVANTA    
<CAPTION>
SERVICER                                         DUE
LOAN NUMBER          ORIGINATOR                 DATE
- -----------          ----------                 ----
<S>          <C>                              <C>
3874161      WEYERHAEUSER MORTGAGE            09/01/97
3874179      WEYERHAEUSER MORTGAGE            10/01/97
3874187      WEYERHAEUSER MORTGAGE            09/01/97
3874229      WEYERHAEUSER MORTGAGE            09/01/97
3874245      WEYERHAEUSER MORTGAGE            09/01/97
3874252      WEYERHAEUSER MORTGAGE            09/01/97
3874260      WEYERHAEUSER MORTGAGE            09/01/97
3874278      WEYERHAEUSER MORTGAGE            09/01/97
3874286      WEYERHAEUSER MORTGAGE            09/01/97
3874294      WEYERHAEUSER MORTGAGE            09/01/97
3874310      WEYERHAEUSER MORTGAGE            09/01/97
3874336      WEYERHAEUSER MORTGAGE            09/01/97
3874344      WEYERHAEUSER MORTGAGE            09/01/97
3874351      WEYERHAEUSER MORTGAGE            09/01/97
3874377      WEYERHAEUSER MORTGAGE            09/01/97
3874419      WEYERHAEUSER MORTGAGE            10/01/97
3874427      WEYERHAEUSER MORTGAGE            10/01/97
3874443      WEYERHAEUSER MORTGAGE            09/01/97
3874468      WEYERHAEUSER MORTGAGE            09/01/97
3874476      WEYERHAEUSER MORTGAGE            09/01/97
3874492      WEYERHAEUSER MORTGAGE            09/01/97
3874518      WEYERHAEUSER MORTGAGE            09/01/97
3874526      WEYERHAEUSER MORTGAGE            10/01/97
3874534      WEYERHAEUSER MORTGAGE            09/01/97
3874567      WEYERHAEUSER MORTGAGE            09/01/97
3874583      WEYERHAEUSER MORTGAGE            10/01/97
3874591      WEYERHAEUSER MORTGAGE            09/01/97
3874617      WEYERHAEUSER MORTGAGE            09/01/97
3874625      WEYERHAEUSER MORTGAGE            09/01/97
3874666      WEYERHAEUSER MORTGAGE            09/01/97
3876851      AMRESCO                          10/01/97
3876869      AMRESCO                          10/01/97
3876877      AMRESCO                          10/01/97
3876950      AMRESCO                          10/01/97
3876968      AMRESCO                          10/01/97
3876976      AMRESCO                          10/01/97
3876992      AMRESCO                          10/01/97
3877040      AMRESCO                          10/01/97
3877057      AMRESCO                          10/01/97
3877156      AMRESCO                          10/01/97
3879301      EDGE MORTGAGE SERVICES           09/01/97
3879376      AMRESCO                          09/01/97
3879400      AMRESCO                          10/01/97
3879475      AMRESCO                          10/01/97
3879491      AMRESCO                          10/01/97
3879525      AMRESCO                          10/01/97
3879624      AMRESCO                          10/01/97
3882859      DOERING MORTGAGE CORPORA         09/01/97
3882875      EDGE MORTGAGE SERVICES           09/01/97
3882909      AMRESCO                          10/01/97
3882925      AMRESCO                          10/01/97
3883014      AMRESCO                          10/01/97
3883097      AMRESCO                          10/01/97
3883105      AMRESCO                          10/01/97
</TABLE>
             
                                   Page 5
<PAGE>   8
AMRESCO MORTGAGE LOAN SCHEDULE
1997-3 PREFUND 1 GROUP 1 FIXED RATE LOANS


<TABLE>
<CAPTION>                                                                         
 SERVICER      AMRESCO       LAST                                                                     ZIP     PROPERTY        
LOAN NUMBER   LOAN NUMBER    NAME               ADDRESS                        CITY          STATE    CODE      TYPE        
- -----------   -----------    ----               -------                        ----          -----    ----      ----
<S>          <C>          <C>             <C>                               <C>               <C>     <C>       <C>           
3883154      3883154AD    MINAVI          22227 GOLDSTONE DRIVE             KATY              TX      77450     SFR           
3883196      3883196AD    MORRIS          2825 ASHLEY DRIVE                 LA MARQUE         TX      77568     SFR           
3885902      3885902AD    LEURA           4213 CULMER LANE                  BALCH SPRIN       TX      75180     SFR           
3885944      3885944AD    BLANCHETTE      1255 PONCE ISLAND DRIVE           ST. AUGUSTI       FL      32095     CONDO         
3885951      3885951AD    TAONG           5180 LIKINI STREET                HONOLULU          HI      96818     CONDO         
3885969      3885969AD    KINOSHITA       5180 LIKINI STREET                HONOLULU          HI      96818     CONDO         
3886066      3886066AD    PICKARD         2334 ANINI WAY                    PEARL CITY        HI      96782     SFR           
3886116      3886116AD    HOUSE           32 SIESTA DRIVE                   PUEBLO WEST       CO      81007     SFR           
3886157      3886157AD    DAVIS           721 KAHLER STREET                 DUQUESNE          PA      15110     SFR           
3886199      3886199AD    MORISETTE       30306 BUCKTAIL DRIVE              CANYON LAKE       CA      92587     SFR           
3886207      3886207AD    ALEXANDER       262 RAILROAD AVENUE               BYHALIA           MS      38611     SFR           
3894524      3894524AD    EVANGELISTA     96-3129 PAKALANA STREET           PAHALA            HI      96777     SFR           
3894532      3894532AD    CHUA            406 FARLEY AVENUE                 SCOTCH PLAI       NJ       7076     SFR           
3894581      3894581AD    GALLEGOS        1041 MATZIE LANE                  HONOLULU          HI      96817     SFR           
3894672      3894672AD    ORTENSE         183 OGDEN AVENUE                  JERSEY CITY       NJ       7306     2-4 UNITS     
3894748      3894748AD    ODONNELL        113 CHICKAMAUGA ROAD              CHATTANOOGA       TN      37421     SFR           
3894755      3894755AD    LAWRENCE        21186 N. CIRCLE 1950 E.           HAVANA            IL      62644     SFR           
3894771      3894771AD    ANDERSON        120 GARLAND LANE                  BUTLER            PA      16002     SFR           
3897881      3897881AD    BLANTNEY        1901-1905 17TH STREET             PLANO             TX      75074     2-4 UNITS     
3897899      3897899AD    TALLIE          1127 WENTWOOD DRIVE               DE SOTO           TX      75115     SFR           
3897964      3897964AD    GALON           1812 KAHANU STREET                HONOLULU          HI      96819     SFR           
3897998      3897998AD    MCCABE          250 TANKSLEY STREET               NASHVILLE         TN      37211     SFR           
3898004      3898004AD    UNGER           43636 SHEEPHORN ROAD              BIG BEAR LA       CA      92315     SFR           
3898046      3898046AD    ZIMMERMAN       7209 PARK STREET                  OWENDALE          MI      48754     SFR           
3898095      3898095AD    BUFFINGTON      5214 DUPONT PARKWAY               SMYRNA            DE      19977     SFR           
3898228      3898228AD    DICKINSON       2707 ELM AVENUE                   MANHATTAN B       CA      90266     SFR           
3901063      3901063AD    TIETZ           ROUTE 2 BOX 220                   LONGVILLE         MN      56655     SFR           
3901097      3901097AD    MEDINAS         2737 SOUTH KIHEI ROAD             KIHEI             HI      96753     CONDO         
3901121      3901121AD    CHRISTOPHER     1863 CADWELL AVENUE               CLEVELAND H       OH      44118     SFR           
3901154      3901154AD    LESURE          198 NORTH RANDALL ROAD            HOLLY SPRIN       MS      38635     SFR           
3905106      3905106AD    WILSON          1433 KRISTAN COURT                STAYTON           OR      97383     SFR           
3905114      3905114AD    MCRAY           28601 SOUTHWEST 147TH COUR        MIAMI             FL      33033     SFR           
3905130      3905130AD    ALLEN           1720 HALFORD AVENUE               SANTA CLARA       CA      95051     CONDO         
3905148      3905148AD    BALANAY         98-1826 NAHELE STREET             AIEA              HI      96701     SFR           
3905270      3905270AD    JOHNSON         3194 MCINTOSH COVE                MEMPHIS           TN      38111     SFR           
3905346      3905346AD    SELLERS         6999 BERESFORD ROAD               PARMA HEIGH       OH      44130     SFR           
3905429      3905429AD    HIGGINS         374 WASHINGTON STREET             NORWICH           CT       6360     SFR           
3905445      3905445AD    DODDS           15735 SOUTHWEST 303RD TERR        HOMESTEAD         FL      33033     SFR           
3905460      3905460AD    DELLA CAMERA    146 DOVER STREET                  NEW HAVEN         CT       6515     SFR           
3905486      3905486AD    DEPAULO         274 KNIGHT STREET                 PROVIDENCE        RI       2909     2-4 UNITS     
3905502      3905502AD    OMAR            6480 ROYAL TERN STREET            ORLANDO           FL      32810     SFR           
3905510      3905510AD    COULTER         6280 CAROL WAY                    COMMERCE CI       CO      80022     SFR           
3907771      3907771AD    CALICA          472 AINAOLA DRIVE                 HILO              HI      96720     SFR           
3907813      3907813AD    JACKSON         3841 NW 172TH TERRACE             MIAMI             FL      33055     SFR           
3907862      3907862AD    CRAFT           668 DAVIS STREET                  ELIZABETH         WV      26143     SFR           
3908050      3908050AD    CUTTS           507 WEST CHURCH STREET            ANGIER            NC      27501     SFR           
3908217      3908217AD    HEALY           2610 SPRING BEND DRIVE            SPRING            TX      77386     SFR           
3908803      3908803AD    JONES           2308 DUFF ROAD                    LAKELAND          FL      33810     SFR           
3909421      3909421AD    CHANZA          6417 SCOTT STREET                 PUNTA GORDA       FL      33950     SFR           
3909439      3909439AD    BURK            7529 LEELANAU TRAIL               GAYLORD           MI      49735     SFR           
3909694      3909694AD    GIBBONS         9150 CURRARIL AVENUE              ATASCADERO        CA      93422     SFR           
3909785      3909785AD    CASTRO          2218 NORTH 48TH LANE              PHOENIX           AZ      85035     SFR           
3916459      3916459AD    NAIL            1412 RONALD                       WEBSTER GRO       MO      63119     SFR           
3916491      3916491AD    FOSTER          436 WEST CALIFORNIA AVENUE        FRESNO            CA      93706     SFR           

<CAPTION>
 SERVICER      MATURITY          9/1/97         CURRENT     CURRENT            OCCUPANCY    ORIGINAL             
LOAN NUMBER     DATE        SCHEDULED BALANCE    RATE     P&I PAYMENT     LTV   STATUS       TERM    SERVICER  
- -----------     ----        -----------------    ----     -----------     ---   ------       ----    --------
<S>          <C>             <C>                 <C>         <C>         <C>      <C>         <C>      <C>
3883154      09/01/2027       51,200.00           8.95       410.13         80    OWNER       360      ADVANTA    
3883196      09/01/2027       62,550.00          11.25       607.52         90    OWNER       360      ADVANTA    
3885902      09/01/2027       46,500.00          10.95       441.07      78.81    OWNER       360      ADVANTA    
3885944      09/01/2012       37,600.00           9.95        402.9         80    OWNER       180      ADVANTA    
3885951      09/01/2027       89,250.00           9.35       740.71         75    OWNER       360      ADVANTA    
3885969      09/01/2027       95,250.00            9.1       773.27         75    OWNER       360      ADVANTA    
3886066      09/01/2027      334,900.00          10.63      3096.06         85    OWNER       360      ADVANTA    
3886116      09/01/2027       19,000.00          10.95       180.22         25    OWNER       360      ADVANTA    
3886157      09/01/2012       21,600.00          10.58       239.84         80    OWNER       180      ADVANTA    
3886199      09/01/2027      172,000.00           9.45         1440         80    OWNER       360      ADVANTA    
3886207      09/01/2012       36,800.00           8.95       372.16      61.33    OWNER       180      ADVANTA    
3894524      09/01/2027       68,000.00             10       596.75         85    OWNER       360      ADVANTA    
3894532      08/01/2027      183,668.02           9.96      1607.11         75    NON OWNER   360      ADVANTA    
3894581      09/01/2027      153,000.00           7.95      1117.33      54.26    NON OWNER   360      ADVANTA    
3894672      09/01/2027       68,250.00          10.36       617.18         75    NON OWNER   360      ADVANTA    
3894748      09/01/2027       40,000.00           9.95       349.55         80    OWNER       360      ADVANTA    
3894755      09/01/2027       19,000.00          10.83       178.51      70.37    OWNER       360      ADVANTA    
3894771      09/01/2012       90,160.00          10.48       995.51      76.41    OWNER       180      ADVANTA    
3897881      09/01/2027       66,300.00          11.01       631.89         65    OWNER       360      ADVANTA    
3897899      09/01/2027       94,350.00           11.5       934.34         85    OWNER       360      ADVANTA    
3897964      09/01/2027      340,000.00           7.75       2435.8         85    OWNER       360      ADVANTA    
3897998      09/01/2027       44,500.00            8.7       348.49      50.57    OWNER       360      ADVANTA    
3898004      09/01/2027      280,000.00            7.7      1996.29      67.96    OWNER       360      ADVANTA    
3898046      09/01/2012       25,200.00           10.1       272.34         80    OWNER       180      ADVANTA    
3898095      09/01/2027       45,000.00           9.95       393.25         30    OWNER       360      ADVANTA    
3898228      09/01/2027      303,000.00            9.2      2481.74      57.17    OWNER       360      ADVANTA    
3901063      09/01/2027       64,400.00          10.63       595.36         70    OWNER       360      ADVANTA    
3901097      09/01/2027       98,000.00          10.45       892.78      66.67    OWNER       360      ADVANTA    
3901121      09/01/2027      100,000.00           8.88          796      37.04    OWNER       360      ADVANTA    
3901154      09/01/2012       37,600.00           10.7        420.3         80    OWNER       180      ADVANTA    
3905106      09/01/2027       76,500.00           10.5       699.78         85    OWNER       360      ADVANTA    
3905114      09/01/2027       52,800.00           10.6       486.93         80    OWNER       360      ADVANTA    
3905130      09/01/2027       40,000.00          10.95       379.42       38.1    OWNER       360      ADVANTA    
3905148      09/01/2027      224,000.00           7.33      1540.25      64.93    OWNER       360      ADVANTA    
3905270      09/01/2027       70,125.00           10.5       641.46         85    OWNER       360      ADVANTA    
3905346      09/01/2027       60,900.00          10.45        554.8         70    OWNER       360      ADVANTA    
3905429      09/01/2027       99,000.00           12.5      1056.59         90    OWNER       360      ADVANTA    
3905445      09/01/2027       63,750.00           9.98       558.51         75    NON OWNER   360      ADVANTA    
3905460      09/01/2027       52,500.00           9.83       454.14         70    NON OWNER   360      ADVANTA    
3905486      09/01/2012       52,000.00          12.64       645.66         65    NON OWNER   180      ADVANTA    
3905502      09/01/2027       76,400.00           12.7       827.26         80    OWNER       360      ADVANTA    
3905510      09/01/2027       65,250.00           8.58       505.42         75    NON OWNER   360      ADVANTA    
3907771      08/01/2027       69,969.85         10.125       620.78      50.91    OWNER       360      ADVANTA    
3907813      09/01/2012       57,600.00          11.25       663.75         80    OWNER       180      ADVANTA    
3907862      09/01/2027       60,000.00          11.45       591.89         80    OWNER       360      ADVANTA    
3908050      09/01/2012       30,000.00          11.01       341.17      39.74    OWNER       180      ADVANTA    
3908217      09/01/2012       94,550.00           8.95       956.18         64    OWNER       180      ADVANTA    
3908803      08/01/2027       19,990.96            9.9       174.04      29.85    OWNER       360      ADVANTA    
3909421      08/01/2012       41,066.17           8.99       442.49         80    OWNER       180      ADVANTA    
3909439      08/01/2012       39,651.78           9.74       420.86         75    OWNER       180      ADVANTA    
3909694      08/01/2017      107,848.30            9.5       1006.7      78.26    OWNER       240      ADVANTA    
3909785      08/01/2027       50,981.22          10.85       479.91         85    OWNER       360      ADVANTA    
3916459      08/01/2027      109,960.13         10.925      1041.33         88    OWNER       360      ADVANTA    
3916491      09/01/2012       50,000.00           8.95       505.65      76.92    OWNER       180      ADVANTA    
<CAPTION>             
 SERVICER                                        DUE
LOAN NUMBER  ORIGINATOR                         DATE
- -----------  ----------                         ----
<S>          <C>                              <C>
3883154      AMRESCO                          10/01/97
3883196      AMRESCO                          10/01/97
3885902      AMRESCO                          10/01/97
3885944      AMRESCO                          10/01/97
3885951      AMRESCO                          10/01/97
3885969      AMRESCO                          10/01/97
3886066      AMRESCO                          10/01/97
3886116      AMRESCO                          10/01/97
3886157      AMRESCO                          10/01/97
3886199      AMRESCO                          10/01/97
3886207      AMRESCO                          10/01/97
3894524      AMRESCO                          10/01/97
3894532      AMRESCO                          09/01/97
3894581      AMRESCO                          10/01/97
3894672      AMRESCO                          10/01/97
3894748      AMRESCO                          10/01/97
3894755      AMRESCO                          10/01/97
3894771      AMRESCO                          10/01/97
3897881      AMRESCO                          10/01/97
3897899      AMRESCO                          10/01/97
3897964      AMRESCO                          10/01/97
3897998      AMRESCO                          10/01/97
3898004      AMRESCO                          10/01/97
3898046      AMRESCO                          10/01/97
3898095      AMRESCO                          10/01/97
3898228      AMRESCO                          10/01/97
3901063      AMRESCO                          10/01/97
3901097      AMRESCO                          10/01/97
3901121      AMRESCO                          10/01/97
3901154      AMRESCO                          10/01/97
3905106      AMRESCO                          10/01/97
3905114      AMRESCO                          10/01/97
3905130      AMRESCO                          10/01/97
3905148      AMRESCO                          10/01/97
3905270      AMRESCO                          10/01/97
3905346      AMRESCO                          10/01/97
3905429      AMRESCO                          10/01/97
3905445      AMRESCO                          10/01/97
3905460      AMRESCO                          10/01/97
3905486      AMRESCO                          10/01/97
3905502      AMRESCO                          10/01/97
3905510      AMRESCO                          10/01/97
3907771      FIRST HAWAIIAN CREDITCOR         09/01/97
3907813      WALL STREET MORTGAGE BAN         10/01/97
3907862      AMRESCO                          10/01/97
3908050      AMRESCO                          10/01/97
3908217      AMRESCO                          10/01/97
3908803      UNITED LENDING                   09/01/97
3909421      UNITED LENDING                   09/01/97
3909439      UNITED LENDING                   09/01/97
3909694      UNITED LENDING                   09/01/97
3909785      UNITED LENDING                   09/01/97
3916459      EDGE MORTGAGE SERVICES           09/01/97
3916491      AMRESCO                          10/01/97

</TABLE>

                                   Page 6
<PAGE>   9
AMRESCO MORTGAGE LOAN SCHEDULE
1997-3 PREFUND 1 GROUP 1 FIXED RATE LOANS


<TABLE>
<CAPTION>
 SERVICER      AMRESCO       LAST                                                                     ZIP    PROPERTY        
LOAN NUMBER   LOAN NUMBER    NAME               ADDRESS                        CITY          STATE    CODE      TYPE          
- -----------   -----------    ----               -------                        ----          -----    ----      ----
<S>          <C>          <C>             <C>                               <C>               <C>     <C>       <C>           
3916541      3916541AD    NIEUKIRK        3875 L HONOAPIILANI ROAD          LAHAINA           HI      96761     CONDO         
3916558      3916558AD    ELKINS          2117 NAALAE ROAD                  KULA              HI      96790     SFR           
3916590      3916590AD    MCKERN          2262 OEOE STREET                  HILO              HI      96720     SFR           
3916624      3916624AD    BECKETT         617 37TH STREET                   WEST PALM B       FL      33407     SFR           
3916632      3916632AD    MALLORY         ROUTE 1 BOX 315                   NEW CANTON        VA      23123     SFR           
3916665      3916665AD    ANDAM           91-1002 FORT WEAVER ROAD          EWA BEACH         HI      96706     SFR           
3916673      3916673AD    HAMMAD          7000 WEST 98TH STREET             CHICAGO RID       IL      60415     CONDO         
3916871      3916871AD    STOHRY          11607 SOUTH COUNTY ROAD 10        FLAT ROCK         IN      47234     SFR           
3916939      3916939AD    HADDOCK         648 GOLDEN SUNSHINE CIRCLE        ORLANDO           FL      32807     SFR           
3918893      3918893AD    RONE            944  9TH STREET #3                SANTA MONIC       CA      90403     CONDO         
3918901      3918901AD    BLOUNT          8211  HOLLY ST/1496 8             OAKLAND           CA      94621     2-4 UNITS     
3918992      3918992AD    JONES           709E SYCAMORE STREET              MIAMISBURG        OH      45342     SFR           
3919008      3919008AD    GIBSON          2212  MAPLEWOOD AVENU             CINCINNATI        OH      45219     SFR           
3919057      3919057AD    RODGERS         646  GOLFVIEW DRIVE               LEXINGTON         KY      40504     SFR           
3919073      3919073AD    PACKWOOD        7280  LAMPHERE                    DETROIT           MI      48239     SFR           
3919107      3919107AD    BROWN           2744  ROCKY ROAD                  BURLEY            ID      83318     SFR           
3919115      3919115AD    SHALLON         4600S HONORE STREET               CHICAGO           IL      60609     SFR           
3919123      3919123AD    WATKINS         236S 475 EAST                     ENTERPRISE        UT      84725     SFR           
3919149      3919149AD    MURRAY          8260S VERON AVENUE                CHICAGO           IL      60619     SFR           
3919164      3919164AD    RIEGO           165  19TH STREET                  SAN DIEGO         CA      92102     SFR           
3919180      3919180AD    EVANS           9500  CROESUS AVENUE              LOS ANGELES       CA      90002     SFR           
3919206      3919206AD    TAYLOR          2952  HALLDALE AVENUE             LOS ANGELES       CA      90018     SFR           
3919214      3919214AD    HOWARD          15901W BUNCHE PARK DRI            MIAMI             FL      33054     SFR           
3919230      3919230AD    PRICE           4049  BLACK BIRD WAY              CALABASAS         CA      91302     SFR           
3919271      3919271AD    SANTANA         11510SW178 TERRACE                MIAMI             FL      33157     SFR           
3919289      3919289AD    GARCIA          850W 33 STREET                    HIALEAH           FL      33012     SFR           
3919297      3919297AD    AVILA           2755  2757 WEST 8TH S             LOS ANGELES       CA      90005     2-4 UNITS     
3919305      3919305AD    HIGHSMITH       226NW47 STREET                    MIAMI             FL      33127     SFR           
3919313      3919313AD    ALVAREZ         1000  MICHIGAN AVENUE             MIAMI BEACH       FL      33139     SFR           
3919347      3919347AD    LEWIS           1416  DALE DRIVE                  LEXINGTON         KY      40517     SFR           
3919362      3919362AD    CUTLIP          ROUTE  3 BOX 195                  ASTORIA           OR      97103     SFR           
3919370      3919370AD    OUIMING         74-  5149 KIALOA PLA              KAIL-KONA         HI      96740     SFR           
3919388      3919388AD    LONG            315  OPIHIKAO PLACE               HONOLULU          HI      96825     CONDO         
3919396      3919396AD    VASHISHTA       2700  WAIANUHEA WAY               HILO              HI      96720     SFR           
3919420      3919420AD    IRWIN           98  KEYSTONE AVENUE               FOX LAKE          IL      60020     SFR           
3919446      3919446AD    POTTER          18600SWHART ROAD                  ALOHA             OR      97007     SFR           
3919487      3919487AD    SPADARO         8699SW50TH STREET                 COPPER CITY       FL      33328     SFR           
3919503      3919503AD    SAWIN           21  ARLINGTON DR                  ROMEOVILLE        IL      60446     SFR           
3919511      3919511AD    DEVEREAUX       19  BURGUNDY DRIVE                HAMTON            NH       3842     SFR           
3919529      3919529AD    RIVERA          2031NW 76TH AVENUE                SUNRISE           FL      33322     SFR           
3919537      3919537AD    BRADLEY         8701  FARRALONE AVENU             WEST HILLS        CA      91304     SFR           
3919545      3919545AD    PAZMINO         17803  REDBUD PLACE               LA PUENTE A       CA      91744     SFR           
3919560      3919560AD    ATKINS          235  HALIFAX DRIVE                VANDALIA          OH      45377     SFR           
3919578      3919578AD    JOHN            10393  SPUR COURT                 LA MESA           CA      91941     SFR           
3919602      3919602AD    FERNANDEZ       5820  BENNER STREET #             LOS ANGELES       CA      90042     CONDO         
3919610      3919610AD    JAMES           763  ADRIAN STREET S              WASHINGTON        DC      20019     SFR           
3919651      3919651AD    JARADO          32  EUGENIA AVENUE                APTOS             CA      95003     SFR           
3919669      3919669AD    AGUIRRE         26891  CALLE VERANO               CAPISTRANO        CA      92624     SFR           
3919677      3919677AD    FRANCK          417  VAN BUREN STREE              BELVIDERE         IL      61008     2-4 UNITS     
3919685      3919685AD    WASHINGTON      1111N MONTICELLO AVEN             CHICAGO           IL      60651     2-4 UNITS     
3919693      3919693AD    DENSON          3351NW188 STREET                  MIAMI             FL      33056     SFR           
3919727      3919727AD    BONDS           1802  64TH AVENUE                 OAKLAND           CA      94621     SFR           
3919768      3919768AD    CLUTTS          724  PACIFIC AVENUE               RIO DELL          CA      95562     SFR           
3919784      3919784AD    LAWRENCE        400  OLD GREENSPRING              ASHLAND           OR      97520     SFR           
<CAPTION>
 SERVICER      MATURITY          9/1/97         CURRENT     CURRENT            OCCUPANCY    ORIGINAL             
LOAN NUMBER     DATE        SCHEDULED BALANCE     RATE     P&I PAYMENT     LTV   STATUS       TERM    SERVICER    
- -----------     ----        -----------------     ----     -----------     ---   ------       ----    --------
<S>          <C>             <C>                 <C>        <C>          <C>      <C>         <C>      <C>
3916541      09/01/2027      109,200.00            9.5       918.21         70    OWNER       360      ADVANTA    
3916558      09/01/2027      138,000.00            9.5      1160.38      44.37    OWNER       360      ADVANTA    
3916590      09/01/2027      125,000.00           8.25       939.08      55.56    OWNER       360      ADVANTA    
3916624      09/01/2027       93,000.00          10.85       875.14      74.88    OWNER       360      ADVANTA    
3916632      09/01/2012       25,000.00           9.83       266.06      60.98    OWNER       180      ADVANTA    
3916665      09/01/2027      184,000.00           8.35      1395.29         80    OWNER       360      ADVANTA    
3916673      09/01/2012       52,500.00           9.38       544.42         70    OWNER       180      ADVANTA    
3916871      09/01/2027       77,500.00           9.45       648.84      63.27    OWNER       360      ADVANTA    
3916939      09/01/2027       29,000.00          10.95       275.08      59.18    OWNER       360      ADVANTA    
3918893      06/01/2027      206,121.28           8.49      1586.34         70    OWNER       360      ADVANTA    
3918901      06/01/2027       56,399.53           8.64       440.05      59.47    OWNER       360      ADVANTA    
3918992      07/01/2012       54,707.95           8.99       557.52      68.75    OWNER       180      ADVANTA    
3919008      07/01/2012       34,834.85          10.29       382.35      52.23    OWNER       180      ADVANTA    
3919057      07/01/2012       32,327.44           8.99       329.44       67.7    OWNER       180      ADVANTA    
3919073      07/01/2027       51,955.25          10.15       462.11      73.23    OWNER       360      ADVANTA    
3919107      06/01/2012       37,746.96             11       431.91      51.35    OWNER       180      ADVANTA    
3919115      07/01/2012       39,826.52           11.2       459.67      57.97    OWNER       180      ADVANTA    
3919123      07/01/2027       64,926.31           8.84       515.54       47.1    OWNER       360      ADVANTA    
3919149      07/01/2027       58,357.24           10.9       551.75         80    OWNER       360      ADVANTA    
3919164      07/01/2027       32,975.03          10.75       308.05      43.42    OWNER       360      ADVANTA    
3919180      07/01/2027       63,451.97          10.75       592.76      53.81    OWNER       360      ADVANTA    
3919206      07/01/2027       97,884.22           8.64       763.28      61.25    OWNER       360      ADVANTA    
3919214      07/01/2027       34,974.10          10.85       329.35      63.63    OWNER       360      ADVANTA    
3919230      07/01/2027      319,755.34           10.7      2975.12      72.72    OWNER       360      ADVANTA    
3919271      07/01/2012       41,289.37           9.49        433.1      55.33    OWNER       180      ADVANTA    
3919289      07/01/2012       75,600.41            9.1       775.37       56.5    OWNER       180      ADVANTA    
3919297      07/01/2027      207,814.81           9.99      1823.81         80    OWNER       360      ADVANTA    
3919305      07/01/2027       27,973.71           9.74       240.36      55.44    OWNER       360      ADVANTA    
3919313      07/01/2027       67,939.45           9.99       596.25      78.16    OWNER       360      ADVANTA    
3919347      07/01/2012       34,165.95           8.64       342.57      60.52    OWNER       180      ADVANTA    
3919362      07/01/2027      116,692.87           9.85      1012.08         80    OWNER       360      ADVANTA    
3919370      07/01/2027      111,908.66           10.4      1016.14         80    OWNER       360      ADVANTA    
3919388      07/01/2012      147,276.29            9.9      1581.37         80    OWNER       180      ADVANTA    
3919396      07/01/2027      109,896.94           9.75       945.07         80    OWNER       360      ADVANTA    
3919420      07/01/2012       33,620.69              9       342.82      17.33    OWNER       180      ADVANTA    
3919446      07/01/2027      121,872.75           9.24      1002.78      59.22    OWNER       360      ADVANTA    
3919487      07/01/2012      113,427.12            9.6       1197.3         75    OWNER       180      ADVANTA    
3919503      07/01/2027       56,450.33          10.05       497.92      57.65    OWNER       360      ADVANTA    
3919511      07/01/2027      157,372.91          10.45      1434.83         75    OWNER       360      ADVANTA    
3919529      07/01/2027       64,165.14           9.75       554.15      62.01    OWNER       360      ADVANTA    
3919537      07/01/2027      176,056.33           8.99      1416.88         75    OWNER       360      ADVANTA    
3919545      07/01/2027       21,557.88           8.99       249.21      27.67    OWNER       360      ADVANTA    
3919560      07/01/2012       65,164.82            9.4       680.02      68.94    OWNER       180      ADVANTA    
3919578      07/01/2027       59,931.27           8.79       473.74         40    OWNER       360      ADVANTA    
3919602      07/01/2027       38,457.70           8.99        309.5      66.37    OWNER       360      ADVANTA    
3919610      07/01/2027       44,953.17           9.25        370.2      47.36    OWNER       360      ADVANTA    
3919651      07/01/2027       68,563.38           9.95        599.7         75    OWNER       360      ADVANTA    
3919669      07/01/2027      149,835.18           8.99      1205.85      58.36    OWNER       360      ADVANTA    
3919677      07/01/2027       77,929.95           9.95       681.63      63.93    OWNER       360      ADVANTA    
3919685      07/01/2027       64,944.07          10.15       577.64      59.63    OWNER       360      ADVANTA    
3919693      07/01/2012       27,862.44           9.85       298.33         35    OWNER       180      ADVANTA    
3919727      07/01/2027       88,924.24           10.2       794.22       80.9    OWNER       360      ADVANTA    
3919768      07/01/2027       52,462.31          10.99       499.57         75    OWNER       360      ADVANTA    
3919784      07/01/2027      242,167.55           9.64      2063.04      74.58    OWNER       360      ADVANTA    
<CAPTION>
 SERVICER                                        DUE
LOAN NUMBER          ORIGINATOR                 DATE
- -----------          ----------                 ----
<S>          <C>                              <C>
3916541      AMRESCO                          10/01/97
3916558      AMRESCO                          10/01/97
3916590      AMRESCO                          10/01/97
3916624      AMRESCO                          10/01/97
3916632      AMRESCO                          10/01/97
3916665      AMRESCO                          10/01/97
3916673      AMRESCO                          10/01/97
3916871      AMRESCO                          10/01/97
3916939      AMRESCO                          10/01/97
3918893      BNC                              09/01/97
3918901      BNC                              10/01/97
3918992      BNC                              09/01/97
3919008      BNC                              09/01/97
3919057      BNC                              09/01/97
3919073      BNC                              09/01/97
3919107      BNC                              10/01/97
3919115      BNC                              09/01/97
3919123      BNC                              09/01/97
3919149      BNC                              10/01/97
3919164      BNC                              09/01/97
3919180      BNC                              10/01/97
3919206      BNC                              09/01/97
3919214      BNC                              09/01/97
3919230      BNC                              10/01/97
3919271      BNC                              10/01/97
3919289      BNC                              09/01/97
3919297      BNC                              09/01/97
3919305      BNC                              09/01/97
3919313      BNC                              09/01/97
3919347      BNC                              09/01/97
3919362      BNC                              09/01/97
3919370      BNC                              09/01/97
3919388      BNC                              10/01/97
3919396      BNC                              09/01/97
3919420      BNC                              09/01/97
3919446      BNC                              10/01/97
3919487      BNC                              09/01/97
3919503      BNC                              09/01/97
3919511      BNC                              09/01/97
3919529      BNC                              10/01/97
3919537      BNC                              09/01/97
3919545      BNC                              11/01/97
3919560      BNC                              09/01/97
3919578      BNC                              09/01/97
3919602      BNC                              09/01/97
3919610      BNC                              09/01/97
3919651      BNC                              10/01/97
3919669      BNC                              09/01/97
3919677      BNC                              09/01/97
3919685      BNC                              09/01/97
3919693      BNC                              09/01/97
3919727      BNC                              09/01/97
3919768      BNC                              09/01/97
3919784      BNC                              09/01/97

</TABLE>

                                    Page 7
<PAGE>   10
AMRESCO MORTGAGE LOAN SCHEDULE
1997-3 PREFUND 1 GROUP 1 FIXED RATE LOANS


<TABLE>
<CAPTION>
 SERVICER      AMRESCO       LAST                                                                      ZIP    PROPERTY   
LOAN NUMBER   LOAN NUMBER    NAME               ADDRESS                         CITY        STATE     CODE      TYPE     
- -----------  ------------    ----               -------                         ----        -----     ----      ----     
<S>          <C>          <C>             <C>                               <C>               <C>     <C>       <C>
3919800      3919800AD    MURATA          1632  9TH AVENUE                  HONOLULU          HI      96816     SFR      
3919818      3919818AD    LONG            104N 2ND EAST                     PAUL              ID      83347     SFR      
3919826      3919826AD    AGBEDE          17131  COURBEET STREET            GRANADA HIL       CA      91344     SFR      
3919842      3919842AD    PENA            1062  CAMINO ATAJO                CHULA VISTA       CA      91910     SFR      
3919867      3919867AD    HENDERSON       26844  PARK TERRENCE L            MISSION VIE       CA      92692     CONDO    
3919891      3919891AD    COLEMAN         1894  ANAPA PLACE                 KIHEI             HI      96753     SFR      
3919909      3919909AD    GIAMMONA        100  MESA ROAD                    POINT REYES       CA      94956     SFR      
3919917      3919917AD    COCKLE          120  MARTIN DRIVE                 NOVATO            CA      94949     CONDO    
3919958      3919958AD    COOMES          3855SW17TH AVENUE                 NAPLES            FL      34117     SFR      
3919966      3919966AD    MCBRIDE         22069  FLANDERS COURT             BOCA RATON        FL      33428     SFR      
3919974      3919974AD    WEDDLE          29  SOUTH STREET                  EXETER            NH       3833     SFR      
3920014      3920014AD    OLIVER          10040  LA SALLE AVENUE            LOS ANGELES       CA      90047     SFR      
3920139      3920139AD    CHANDLER        1429  CLAREMONT AVENU             PUEBLO            CO      81004     SFR      
3920154      3920154AD    FOSTER          2301  NATHANIEL                   EVANSTON          IL      60202     SFR      
3920162      3920162AD    NOTTINGHAM      3224  TANNENCREST DRI             DUARTE            CA      91010     SFR      
3920188      3920188AD    SALAS           8320NE1ST AVENUE                  MIAMI             FL      33138     SFR      
3920204      3920204AD    SANDS           17772  CRECIENTE WAY              SAN DIEGO         CA      92127     SFR      
3920212      3920212AD    SHEPHARD        1258E 123RD STREET                LOS ANGELES       CA      90059     2-4 UNITS
3923141      3923141AD    HENSHALL        2020 WEST MULBERRY AVENUE         SAN ANTONIO       TX      78201     SFR      
3923182      3923182AD    GIVENS          7430 WOODSIDE DRIVE               CITRUS HEIG       CA      95621     SFR      
3923190      3923190AD    EASTON          2829 CENTER LANE                  ANTIOCH           CA      94509     SFR      
3923265      3923265AD    LESSA           36 FAIRVIEW AVENUE                DALY CITY         CA      94015     SFR      
3923315      3923315AD    PENROSE         458 KALAMA STREET                 KAILUA            HI      96734     SFR      
3923323      3923323AD    SANCHEZ         8305 SOUTHWEST 10TH TERRAC        MIAMI             FL      33144     CONDO    
3923380      3923380AD    GACUSAN         1950 NAHEMA STREET                LIHUE             HI      96766     SFR      
3923521      3923521AD    DICKSON         7522 JAY STREET                   HOUSTON           TX      77028     SFR      
3923612      3923612AD    BORTIS          217 NORTH WEST 22ND AVE           CAMAS             WA      98607     SFR      
3924776      3924776AD    NEWELL          1047 MORRIS AVENUE                BRONX             NY      10456     2-4 UNITS
3926193      3926193AD    SAILOR          2936 HUMBOLDT AVENUE NORTH        MINNEAPOLIS       MN      55411     SFR      
3928082      3928082AD    COX             2011 ARDEN LANE                   MERCED            CA      95430     SFR      
3928090      3928090AD    SIMMONS         251 KULEANA LOOP                  HILO              HI      96720     SFR      
3928157      3928157AD    KIM             13172 ESSEX DRIVE                 CERRITOS          CA      90703     SFR      
3928165      3928165AD    PURRY           9120 SOUTH FIR AVENUE             LOS ANGELES       CA      90002     SFR      
3928173      3928173AD    ELLERMANN       46610 WALLU LANE                  OAKHURST          CA      93644     SFR      
3928272      3928272AD    HOMYAK          220 SOUTH HAZEL COURT             DENVER            CO      80219     SFR      
<CAPTION>                   
 SERVICER      MATURITY          9/1/97         CURRENT     CURRENT            OCCUPANCY    ORIGINAL             
LOAN NUMBER      DATE       SCHEDULED BALANCE    RATE     P&I PAYMENT     LTV   STATUS       TERM    SERVICER  
- -----------      ----       -----------------    ----     -----------     ---    -----       ----    --------
<S>          <C>             <C>                 <C>        <C>          <C>      <C>         <C>      <C>        
3919800      07/01/2027      393,308.25           8.89      3137.09         75    OWNER       360      ADVANTA    
3919818      07/01/2027       41,959.82           9.65       357.76         70    OWNER       360      ADVANTA    
3919826      07/01/2027      203,824.46          10.15       1812.9         80    OWNER       360      ADVANTA    
3919842      07/01/2027      127,786.26           8.25       961.25      64.98    OWNER       360      ADVANTA    
3919867      07/01/2027       96,493.86           8.99       776.57         70    OWNER       360      ADVANTA    
3919891      08/01/2027      155,275.82           9.64      1322.16         65    OWNER       360      ADVANTA    
3919909      07/01/2027      224,712.07           8.25      1690.35         75    OWNER       360      ADVANTA    
3919917      07/01/2027      103,911.47           10.2       928.08         80    OWNER       360      ADVANTA    
3919958      07/01/2027       91,916.22           9.89        799.9         80    OWNER       360      ADVANTA    
3919966      07/01/2027       89,906.12           9.24       739.76      69.23    OWNER       360      ADVANTA    
3919974      07/01/2027       55,968.50           12.1       580.34         80    OWNER       360      ADVANTA    
3920014      07/01/2027      151,882.52          10.65      1407.48         80    OWNER       360      ADVANTA    
3920139      07/01/2012       83,780.69            9.7       889.43      65.78    OWNER       180      ADVANTA    
3920154      07/01/2027      128,694.94           10.4      1168.57         80    OWNER       360      ADVANTA    
3920162      07/01/2027      134,863.83            9.4      1125.32      65.85    OWNER       360      ADVANTA    
3920188      07/01/2027       73,928.43            9.6       627.64      57.81    OWNER       360      ADVANTA    
3920204      07/01/2027      175,435.47           9.75      1508.68         80    OWNER       360      ADVANTA    
3920212      07/01/2027       97,383.87            8.6       756.61         75    OWNER       360      ADVANTA    
3923141      09/01/2027       61,000.00         10.625        563.7      79.63    OWNER       360      ADVANTA    
3923182      09/01/2027       50,000.00            8.2       373.88      54.35    OWNER       360      ADVANTA    
3923190      09/01/2027       61,000.00           8.95       488.63       58.1    OWNER       360      ADVANTA    
3923265      09/01/2027       79,000.00            7.7       563.24      30.38    OWNER       360      ADVANTA    
3923315      09/01/2027      150,000.00           8.99      1205.85      69.77    OWNER       360      ADVANTA    
3923323      09/01/2027       79,500.00           9.95       694.73       79.5    OWNER       360      ADVANTA    
3923380      09/01/2027      162,750.00            8.5      1251.41         75    OWNER       360      ADVANTA    
3923521      09/01/2012       24,500.00          11.13       280.47      62.82    OWNER       180      ADVANTA    
3923612      09/01/2027      300,000.00           9.95      2621.64         80    OWNER       360      ADVANTA    
3924776      08/01/2027      112,458.78         10.875      1060.75         75    OWNER       360      ADVANTA    
3926193      08/01/2012       52,781.13          10.99       502.43         80    OWNER       180      ADVANTA    
3928082      09/01/2027       69,000.00            8.9       550.23      47.59    OWNER       360      ADVANTA    
3928090      09/01/2027      152,000.00           8.99      1221.93         80    OWNER       360      ADVANTA    
3928157      09/01/2027      120,000.00           9.63      1020.43      52.17    OWNER       360      ADVANTA    
3928165      09/01/2027      128,500.00           9.95      1122.93      69.46    OWNER       360      ADVANTA    
3928173      09/01/2027      120,000.00           10.2      1070.86      56.34    OWNER       360      ADVANTA    
3928272      09/01/2027       66,400.00           9.45       555.91         80    OWNER       360      ADVANTA    

   TOTAL                 $37,482,405.51
<CAPTION>                                                                                                                  
SERVICER                                        DUE
LOAN NUMBER          ORIGINATOR                DATE
- -----------          ----------                ----
<S>          <C>                              <C>
3919800      BNC                              09/01/97
3919818      BNC                              09/01/97
3919826      BNC                              09/01/97
3919842      BNC                              09/01/97
3919867      BNC                              10/01/97
3919891      BNC                              09/01/97
3919909      BNC                              09/01/97
3919917      BNC                              09/01/97
3919958      BNC                              09/01/97
3919966      BNC                              10/01/97
3919974      BNC                              09/01/97
3920014      BNC                              09/01/97
3920139      BNC                              09/01/97
3920154      BNC                              09/01/97
3920162      BNC                              09/01/97
3920188      BNC                              09/01/97
3920204      BNC                              10/01/97
3920212      BNC                              09/01/97
3923141      MUTUAL EQUITY MORTGAGE CO        10/01/97
3923182      AMRESCO                          10/01/97
3923190      AMRESCO                          10/01/97
3923265      AMRESCO                          10/01/97
3923315      AMRESCO                          10/01/97
3923323      AMRESCO                          10/01/97
3923380      AMRESCO                          10/01/97
3923521      AMRESCO                          10/01/97
3923612      AMRESCO                          10/01/97
3924776      FIRST COLONY FINANCIAL GROU      09/01/97
3926193      FIRST COLONY FINANCIAL GROU      09/01/97
3928082      AMRESCO                          10/01/97
3928090      AMRESCO                          10/01/97
3928157      AMRESCO                          10/01/97
3928165      AMRESCO                          10/01/97
3928173      AMRESCO                          10/01/97
3928272      AMRESCO                          10/01/97

             TOTAL                      413
</TABLE>


                                   Page 8
<PAGE>   11
AMRESCO MORTGAGE LOAN SCHEDULE
1997-3 PREFUND 1 GROUP 2 ADJUSTABLE RATE LOANS

<TABLE>
<CAPTION>
  SERVICER      AMRESCO      LAST                                                                         ZIP     PROPERTY   
LOAN NUMBER   LOAN NUMBER    NAME                   ADDRESS                  CITY         STATE          CODE       TYPE     
- -----------   -----------    ----                   -------                  ----         -----          ----     --------
<S>            <C>          <C>             <C>                             <C>             <C>          <C>       <C>
   3336682     3336682AD    DE WITTY        5871 5871 1/2 5873 S. FLOW      LOS ANGELES     CA           90003     2-4 UNITS   
   3434743     3434743AD    MCGROGAN        127 MORGAN HOLLOW ROAD          MORGAN          PA           15064     SFR         
   3445921     3445921AD    BRAWNER         1135 NORTH MAIN                 LUMBERTON       TX           77657     SFR         
   3455706     3455706AD    LAPRAIRIE       9605 BROOKFIELD STREET          LIVONIA         MI           48150     SFR         
   3764073     3764073AD    JOHNSON         4661 NORTH 67TH STREET          MILWAUKEE       WI           53218     SFR         
   3774759     3774759AD    ATHANS          4159 VISTA PARK DRIVE           SAN JOSE        CA           95136     SFR         
   3849452     3849452AD    PEREZ           7320 SONGBIRD DRIVE             COLORADO SP     CO           80911     SFR         
   3849478     3849478AD    SONNTAG         3058 CHUMASH CIRCLE             DORRINGTON      CA           95223     PUD         
   3849502     3849502AD    BARRETT         3970 SOUTH 6400 WEST            W.VALLEY C.     UT           84128     SFR         
   3849510     3849510AD    IVERSON         3243 WEST CORTEZ                CHICAGO         IL           60651     2-4 UNITS   
   3849536     3849536AD    POLYAK          2512 OSAGE DRIVE                GLENVIEW        IL           60025     SFR         
   3849908     3849908AD    ELLEN           4403 SOUTHEAST 37TH AVENUE      PORTLAND        OR           97202     SFR         
   3849924     3849924AD    FLITTIE         4075 NORTHEAST 15TH AVENUE      PORTLAND        OR           97212     SFR         
   3849957     3849957AD    DAVIS           3830 MCGHEES MILL ROAD          SEMORA          NC           27343     SFR         
   3849999     3849999AD    ROMRELL         4413 WEST SUN DRIVE             SALT LAKE C     UT           84118     SFR         
   3850021     3850021AD    WRIGHT          1446 NORTH CENTRAL              INDIANAPOLI     IN           46202     SFR         
   3850039     3850039AD    GRISSOM         1875-1877   &  1879   PASA      LONG BEACH      CA           90806     2-4 UNITS   
   3850047     3850047AD    BLACKWELL       13247 11TH STREET               CHINO           CA           91710     SFR         
   3850054     3850054AD    QUALE           35625 63RD AVENUE WAY           WARSAW TOWN     MN           55009     SFR         
   3850096     3850096AD    TROTTO          4916 CYPRESS STREET             PITTSBURGH      PA           15224     SFR         
   3850104     3850104AD    SOLOF           8836 NORTH OLD WELL PLACE       TUCSON          AZ           85743     SFR         
   3850138     3850138AD    DUNN            544 21ST STREET                 OGDEN           UT           84401     2-4 UNITS   
   3850153     3850153AD    PERSON          9202 HARRIS AVENUE              CLEVELAND       OH           44104     SFR         
   3850195     3850195AD    SZEDON          133 THOMPSON AVENUE             DONORA          PA           15602     2-4 UNITS   
   3850203     3850203AD    COSIDO          825 EL RADO STREET              CORAL GABLE     FL           33134     SFR         
   3850211     3850211AD    MERCER          1056 SHIELDCREST WAY            FOREST PARK     GA           30050     SFR         
   3850245     3850245AD    KOCEJA          466-468 ORCHARD STREET          WAUKESHA        WI           53188     2-4 UNITS   
   3851698     3851698AD    DEARNESS        65 KING STREET                  LITTLETON       MA            1460     SFR         
   3851912     3851912AD    BROOKS          2855 SMITH FLAT SCHOOL ROA      PLACERVILLE     CA           95667     SFR         
   3851961     3851961AD    EGGLESTON       3401 DEVONSHIRE LANE            PUEBLO          CO           81005     SFR         
   3851987     3851987AD    THOMPSON        248 NORTH SHAFFER STREET        ORANGE          CA           92866     SFR         
   3852183     3852183AD    RAY             83 DEVONSHIRE AVENUE            MOUNTAIN V.     CA           94043     CONDO       
   3852217     3852217AD    KREPFL          1103 KATHY ROAD                 RIO RANCHO      NM           87124     SFR         
   3852274     3852274AD    LAMB            21531 NO. 72ND PLACE            SCOTTSDALE      AZ           85255     PUD         
   3853413     3853413AD    ALMSTED         4041 88TH LANE                  BLAINE          MN           55014     SFR         
   3853454     3853454AD    MYERS           1015 NORTH MAIN STREET          MARION          WI           54950     SFR         
   3853488     3853488AD    CONLEY          1065 WEST 82ND STREET           LOS ANGELES     CA           90044     SFR         
   3853512     3853512AD    BLACKWELL       15476 QUAIL STREET              CHINO HILLS     CA           91709     SFR         
   3853520     3853520AD    FLOWERS         4604 MCGREGOR DRIVE             VIRGINIA BE     VA           23462     SFR         
   3853561     3853561AD    MARTINEZ        635 WEST MUTTON HOLLOW ROA      KAYSVILLE       UT           84037     SFR         
   3853579     3853579AD    TURNER          702 CENTER                      RUIDOSO         NM           88345     SFR         
   3853587     3853587AD    FRYE            401 GLENMONTE DRIVE             HOWARD          OH           43028     SFR         
   3853611     3853611AD    SMITH           43 OVERLOOK DRIVE               STROUDSBURG     PA           18360     SFR         
   3853637     3853637AD    DAMEROW         4063 NORTH 46TH STREET          MILWAUKEE       WI           53216     SFR         
   3853645     3853645AD    GRIFFIN         488 HIGHLAND COURT              FOND DU LAC     WI           54935     SFR         
   3853660     3853660AD    YOUNGE          LOT #3 KAMEHAMEHA V HIGHWA      KAUNAKAKAI      HI           96748     2-4 UNITS   
   3853678     3853678AD    BURGESS         7800 NAIRN COURT                BAKERSFIELD     CA           93309     SFR         
   3853694     3853694AD    BALES           689 EAST COLUMBUS STREET        MARTINSVILL     IN           46151     SFR         
   3853728     3853728AD    WITHERELL       77 DAVID DRIVE                  MIDDLETON       CT            6457     SFR         
   3853744     3853744AD    BUXBAUM         4522 HIGHWAY B                  MANITOWOC       WI           54220     SFR         
   3853769     3853769AD    BARBER          905 SOUTH GREENWOOD AVENUE      COLUMBIA        MO           65203     SFR         
   3853785     3853785AD    RIVERA          9923 SAGEGLOW DRIVE             HOUSTON         TX           77089     SFR         

<CAPTION>
  SERVICER      MATURITY        09/01/97      CURRENT   CURRENT             OCCUPANCY   ORIGINAL           
LOAN NUMBER       DATE      SCHEDULED BALANCE   RATE  P&I PAYMENT    LTV      STATUS      TERM    SERVICER 
- -----------    ---------    ----------------- ------- -----------   -----   ---------   --------  -------- 
<S>            <C>              <C>           <C>       <C>        <C>       <C>          <C>     <C>      
   3336682      04/01/2027      142,168.84      10.5    1303.51        75    NON OWNER     360    ADVANTA  
   3434743      07/01/2027       33,243.21    16.505      460.7     69.99    OWNER         360    ADVANTA  
   3445921      07/01/2027       57,310.59       9.3     474.09        75    OWNER         360    ADVANTA  
   3455706      01/01/2027       88,148.00     9.625     754.37      79.6    OWNER         360    ADVANTA  
   3764073      08/01/2027       54,882.95     11.63     549.12        90    OWNER         360    ADVANTA  
   3774759      07/01/2027      233,341.18      8.95     1871.2        80    OWNER         360    ADVANTA  
   3849452      07/01/2027      100,209.91      9.95     876.51     84.29    OWNER         360    ADVANTA  
   3849478      07/01/2027      108,237.22      9.25     891.37     69.99    NON OWNER     360    ADVANTA  
   3849502      07/01/2027       85,697.88     10.95     813.48     59.56    OWNER         360    ADVANTA  
   3849510      07/01/2027       82,509.83     12.75     897.07        65    OWNER         360    ADVANTA  
   3849536      07/01/2027      379,724.79     10.95    3604.48     76.77    OWNER         360    ADVANTA  
   3849908      08/01/2027       29,988.21     10.55     275.54     29.56    OWNER         360    ADVANTA  
   3849924      08/01/2027       53,386.64      12.6     574.06        60    OWNER         360    ADVANTA  
   3849957      09/01/2027       45,500.00     15.13     580.05        70    OWNER         360    ADVANTA  
   3849999      09/01/2027       97,600.00     10.63     902.29        80    OWNER         360    ADVANTA  
   3850021      09/01/2027       82,738.00      12.2     863.81     53.38    OWNER         360    ADVANTA  
   3850039      09/01/2027      129,500.00     10.88    1221.53        70    NON OWNER     360    ADVANTA  
   3850047      09/01/2027       66,950.00      8.38      509.1        65    NON OWNER     360    ADVANTA  
   3850054      09/01/2027       69,600.00     13.23     782.45        60    OWNER         360    ADVANTA  
   3850096      09/01/2027       48,800.00     10.73     454.81        80    OWNER         360    ADVANTA  
   3850104      08/01/2027      105,561.35     10.88     996.09      79.7    OWNER         360    ADVANTA  
   3850138      08/01/2027       66,275.73     10.88     625.39        65    OWNER         360    ADVANTA  
   3850153      09/01/2027       38,250.00     10.05     337.09        75    OWNER         360    ADVANTA  
   3850195      09/01/2027       39,750.00      8.91     317.27        75    NON OWNER     360    ADVANTA  
   3850203      09/01/2027      125,800.00     10.25     1127.3        85    OWNER         360    ADVANTA  
   3850211      09/01/2027       46,900.00      13.5      537.2        70    OWNER         360    ADVANTA  
   3850245      09/01/2027      112,500.00     10.58    1035.82        75    OWNER         360    ADVANTA  
   3851698      06/01/2027      112,808.54     8.875     899.08     69.33    OWNER         360    ADVANTA  
   3851912      07/01/2027       79,902.71       8.5     615.14        80    OWNER         360    ADVANTA  
   3851961      07/01/2027       57,936.28      8.99     466.26     77.33    OWNER         360    ADVANTA  
   3851987      07/01/2027      139,811.11      7.99     1026.3     71.79    OWNER         360    ADVANTA  
   3852183      07/01/2027      168,515.79      7.85    1220.63     73.37    OWNER         360    ADVANTA  
   3852217      07/01/2027       99,906.30      9.75     859.16     79.52    OWNER         360    ADVANTA  
   3852274      07/01/2027       99,901.23       9.5     840.86     72.99    OWNER         360    ADVANTA  
   3853413      08/01/2027       89,974.25        12     925.75        75    OWNER         360    ADVANTA  
   3853454      09/01/2027       35,000.00     12.58     375.71        70    OWNER         360    ADVANTA  
   3853488      09/01/2027      120,000.00      9.62    1019.55        75    OWNER         360    ADVANTA  
   3853512      09/01/2027       61,100.00      8.38     464.62        65    NON OWNER     360    ADVANTA  
   3853520      09/01/2027      166,950.00      9.88    1450.32        90    OWNER         360    ADVANTA  
   3853561      09/01/2027       31,500.00      9.81     272.02        70    NON OWNER     360    ADVANTA  
   3853579      09/01/2027      105,000.00       9.5      882.9     72.41    OWNER         360    ADVANTA  
   3853587      09/01/2027       70,700.00      9.18     578.05        70    OWNER         360    ADVANTA  
   3853611      09/01/2027      343,900.00      9.18    2811.75     79.98    OWNER         360    ADVANTA  
   3853637      09/01/2027       40,000.00     11.88     407.75        80    OWNER         360    ADVANTA  
   3853645      09/01/2027       45,000.00     10.56     413.65     48.39    OWNER         360    ADVANTA  
   3853660      09/01/2027      180,000.00      8.88    1432.81        60    NON OWNER     360    ADVANTA  
   3853678      09/01/2027      145,755.00      9.75    1252.26        90    OWNER         360    ADVANTA  
   3853694      09/01/2027       68,000.00      10.9     642.45        85    OWNER         360    ADVANTA  
   3853728      09/01/2027      118,930.00     10.95    1128.11        70    OWNER         360    ADVANTA  
   3853744      09/01/2027       38,227.00      8.27     287.72        43    OWNER         360    ADVANTA  
   3853769      09/01/2027       77,350.00      9.65     658.88        85    OWNER         360    ADVANTA  
   3853785      09/01/2027       74,400.00       8.5     572.07        80    OWNER         360    ADVANTA  
<CAPTION>
  SERVICER                                    DUE   
LOAN NUMBER      ORIGINATOR                   DATE  
- -----------      ----------                   ----  
<S>          <C>                            <C>     
   3336682   FREMONT INV AND LOAN           09/01/97
   3434743   PENN MTG CORP                  09/01/97
   3445921   AMRESCO                        09/01/97
   3455706   CFI MORTGAGE CORP              09/01/97
   3764073   AMRESCO                        09/01/97
   3774759   NEW CENTURY                    09/01/97
   3849452   NEW CENTURY                    10/01/97
   3849478   NEW CENTURY                    09/01/97
   3849502   NEW CENTURY                    09/01/97
   3849510   NEW CENTURY                    09/01/97
   3849536   NEW CENTURY                    09/01/97
   3849908   AMRESCO                        10/01/97
   3849924   AMRESCO                        10/01/97
   3849957   MONEY CENTRE INC THE           10/01/97
   3849999   AMRESCO                        10/01/97
   3850021   AMRESCO                        10/01/97
   3850039   AMRESCO                        10/01/97
   3850047   AMRESCO                        10/01/97
   3850054   AMRESCO                        10/01/97
   3850096   AMRESCO                        10/01/97
   3850104   AMRESCO                        09/01/97
   3850138   AMRESCO                        09/01/97
   3850153   AMRESCO                        10/01/97
   3850195   AMRESCO                        10/01/97
   3850203   AMRESCO                        10/01/97
   3850211   AMRESCO                        10/01/97
   3850245   AMRESCO                        10/01/97
   3851698   NEW CENTURY                    09/01/97
   3851912   NEW CENTURY                    09/01/97
   3851961   NEW CENTURY                    09/01/97
   3851987   NEW CENTURY                    09/01/97
   3852183   NEW CENTURY                    09/01/97
   3852217   NEW CENTURY                    09/01/97
   3852274   NEW CENTURY                    09/01/97
   3853413   GREAT NORTHERN MORTGAGE CORP   09/01/97
   3853454   AMRESCO                        10/01/97
   3853488   AMRESCO                        10/01/97
   3853512   AMRESCO                        10/01/97
   3853520   AMRESCO                        10/01/97
   3853561   AMRESCO                        10/01/97
   3853579   AMRESCO                        10/01/97
   3853587   AMRESCO                        10/01/97
   3853611   AMRESCO                        10/01/97
   3853637   AMRESCO                        10/01/97
   3853645   AMRESCO                        10/01/97
   3853660   AMRESCO                        10/01/97
   3853678   AMRESCO                        10/01/97
   3853694   AMRESCO                        10/01/97
   3853728   AMRESCO                        10/01/97
   3853744   AMRESCO                        10/01/97
   3853769   AMRESCO                        10/01/97
   3853785   AMRESCO                        10/01/97
</TABLE>



                                    Page 1
<PAGE>   12
AMRESCO MORTGAGE LOAN SCHEDULE
1997-3 PREFUND 1 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>
   3853801    3853801AD    MENDOZA         1786 HOME GATE DRIVE            SAN JOSE        CA      95148     SFR        09/01/2027
   3853819    3853819AD    PAVLOVIC        10795 SOUTHWEST 165TH TERR      MIAMI           FL      33157     SFR        09/01/2027
   3853827    3853827AD    PHIPPEN         1218 BLUFF AVENUE               SHEBOYGAN       WI      53081     2-4 UNITS  09/01/2027
   3856283    3856283AD    PROETZ          3605 3RD AVENUE SOUTH           MINNEAPOLIS     MN      55409     2-4 UNITS  08/01/2027
   3856291    3856291AD    CRISP           264 TROY MARTIN ROAD            WHITTIER        NC      28789     SFR        09/01/2027
   3856333    3856333AD    CRONIN          8470 DELTA DRIVE                GILROY          CA      95020     SFR        09/01/2027
   3856358    3856358AD    ROGERS          49485 FLIGHTLINE WAY            AGUANGA         CA      92536     SFR        09/01/2027
   3856366    3856366AD    SINGLETARY      19151 HIGHWAY 410 SOUTH         BLADENBORO      NC      28320     SFR        09/01/2027
   3856374    3856374AD    BATTLE          4519 NORTH 39TH STREET          MILWAUKEE       WI      53209     SFR        09/01/2027
   3856382    3856382AD    GOETTLE         15198 SOUTH LOST LAKE ROAD      GORDON          WI      54838     SFR        09/01/2027
   3856408    3856408AD    SCHROYER-PIA    107 SOUTH 10TH STREET           MARSHALLTOW     IA      50158     SFR        09/01/2027
   3856416    3856416AD    CALDWELL        132 DILLINGHAM DRIVE            MONROE          LA      71203     SFR        09/01/2027
   3856432    3856432AD    HARRIS          487 SOUTH  LANSING STREET       AURORA          CO      80012     SFR        09/01/2027
   3856440    3856440AD    HANKS           104 ROBIN COURT                 CHATHAM         VA      24531     SFR        09/01/2027
   3856457    3856457AD    BAILEY          1349 BYRD STREET                CINCINNATI      OH      45215     SFR        09/01/2027
   3856473    3856473AD    BROWN           674 SUN MEADOWS DRIVE           KERNERSVILL     NC      27284     SFR        09/01/2027
   3856481    3856481AD    GOODWIN         506 JAMESTOWN AVENUE            LAKELAND        FL      33801     SFR        09/01/2012
   3856499    3856499AD    CONEY           3180 NORTHWEST 171ST STREE      MIAMI           FL      33056     SFR        09/01/2027
   3856507    3856507AD    MCQUEEN         2 EAST BROAD OAKS DRIVE         HOUSTON         TX      77056     SFR        09/01/2027
   3856523    3856523AD    ESKRIDGE        10147 SOUTH BEVERLY             CHICAGO         IL      60643     SFR        09/01/2027
   3856531    3856531AD    SIMS            607 BLANCHE  STREET             AKRON           OH      44307     SFR        09/01/2027
   3856564    3856564AD    JONES           12101 PIERCE ST                 LAKE VIEW T     CA      91342     SFR        09/01/2027
   3856572    3856572AD    MCGAHUEY        6651 SE PINECREEK WAY           PORTLAND        OR      97267     SFR        09/01/2027
   3856580    3856580AD    OSTER           1825 SOUTH K STREET             ANDERSON        IN      46016     SFR        09/01/2027
   3856598    3856598AD    HAMMIT          4111 BRANDT                     RICHMOND        TX      77469     SFR        09/01/2027
   3856622    3856622AD    POCOCKE         19140 JACKSON STREET NORTH      EAST BETHEL     MN      55092     SFR        09/01/2027
   3856630    3856630AD    ADESOKAN        1122  WILLIAMSBURG ROAD         COUNTRY CLU     IL      60478     CONDO      09/01/2027
   3856648    3856648AD    ESTRELLA        3725 SOUTH OCEAN DRIVE          HOLLYWOOD       FL      33019     CONDO      09/01/2027
   3856663    3856663AD    SADEGHI         29 CRICKET HILL ROAD            AMHERST         NH       3031     SFR        09/01/2027
   3856671    3856671AD    KOBYLSKI        624 WARREN AVENUE               KINGSTON BO     PA      18704     2-4 UNITS  09/01/2027
   3860293    3860293AD    SALBORO         LOT #19 KEKOA CAMP              PAPAALOA        HI      96780     SFR        09/01/2027
   3860319    3860319AD    CARDOZA         LOT #11 OOKALA SKILLED CAM      OOKALA          HI      96774     SFR        09/01/2027
   3860335    3860335AD    WILLIAMS        1056 ABBOTT  LANE               UNIVERSITY      IL      60466     SFR        09/01/2027
   3860343    3860343AD    WILBURN         3330 EAST 4TH STREET            HUTCHINSON      KS      67501     SFR        09/01/2027
   3860368    3860368AD    BENJAMIN        501 LAKESHORE BLVD.             INCLINE VIL     NV      89450     CONDO      09/01/2027
   3860384    3860384AD    HANSON          1518 JOHN AVENUE                SUPERIOR        WI      54880     SFR        09/01/2027
   3860392    3860392AD    DYKE            14071 HILLSIDE DRIVE            JAMUL           CA      91935     SFR        09/01/2027
   3860418    3860418AD    LINDER          159 MAPLE  TREE HILL ROAD       OXFORD          CT       6478     SFR        09/01/2027
   3860475    3860475AD    WEISS           1120 N. VAL VISTA DR #82        GILBERT         AZ      85234     CONDO      09/01/2027
   3860483    3860483AD    WISNICK         1208 BENTON AVENUE              PITTSBURGH      PA      15212     SFR        09/01/2027
   3860491    3860491AD    CHRISTENSEN     7052 WEST 64TH STREET           CHICAGO         IL      60638     SFR        09/01/2027
   3860509    3860509AD    SMITH           2843 MILWAUKEE STREET           DENVER          CO      80205     SFR        09/01/2027
   3860525    3860525AD    TUCKER          128 OLD DORWART STREET          LANCASTER       PA      17603     SFR        09/01/2027
   3860533    3860533AD    WIREMAN         8421 WALNUT RIDGE ROAD          LAFAYETTE       IN      47905     SFR        09/01/2027
   3860558    3860558AD    JOHNSON         2317 H AVENUE                   NEWCASTLE       IN      47362     SFR        09/01/2027
   3860574    3860574AD    RAFITZ          RR 2 BOX 408                    LEMONT FURN     PA      15456     SFR        09/01/2027
   3860582    3860582AD    BEASLEY         2431 INDIANA WAY NE             CANTON          OH      44705     SFR        09/01/2027
   3860590    3860590AD    DONAHUE         6715 ESPANITA STREET            LONG BEACH      CA      90815     SFR        09/01/2027
   3860624    3860624AD    BELTZ           24 LAWSON AVENUE                CRAFTON         PA      15205     SFR        09/01/2027
   3860632    3860632AD    GRAHAM          4239 MAIN STREET                TAYLORTOWN      NC      28374     SFR        09/01/2027
   3860640    3860640AD    ROBERTSON       3503 WYATT LANE                 TEXARKANA       TX      75503     SFR        09/01/2027
   3860657    3860657AD    VNUK            3725 E. MARTIN AVENUE           CUDAHY          WI      53110     SFR        09/01/2027

<CAPTION>
  SERVICER          09/01/97        CURRENT    CURRENT              OCCUPANCY  ORIGINAL                                           
 LOAN NUMBER   SCHEDULED BALANCE     RATE     P&I PAYMENT     LTV    STATUS     TERM    SERVICER         ORIGINATOR               
 -----------   -----------------   ---------  -----------     ---   ---------  -------- --------        ------------              
<S>            <C>                 <C>          <C>            <C>   <C>         <C>    <C>        <C>                            
   3853801         165,750.00         9.65      1411.89        85    OWNER       360    ADVANTA    AMRESCO                        
   3853819          91,500.00        10.55       840.41        75    OWNER       360    ADVANTA    AMRESCO                        
   3853827          70,800.00         9.53       596.88        80    OWNER       360    ADVANTA    AMRESCO                        
   3856283          55,983.98           12       576.02        70    OWNER       360    ADVANTA    MINNESOTA FUNDING AND MORTGAGE 
   3856291          25,000.00        11.53       248.15        50    OWNER       360    ADVANTA    AMRESCO                        
   3856333         197,955.00         9.25      1628.53        90    OWNER       360    ADVANTA    AMRESCO                        
   3856358         168,000.00          9.8      1449.55        75    OWNER       360    ADVANTA    BANKERS MORTGAGE COMPANY       
   3856366          56,250.00        10.53        515.8        75    OWNER       360    ADVANTA    AMRESCO                        
   3856374          41,650.00        10.78       389.73        85    OWNER       360    ADVANTA    AMRESCO                        
   3856382          87,000.00        10.93       823.92        75    OWNER       360    ADVANTA    AMRESCO                        
   3856408          34,020.00        11.87       346.53        63    OWNER       360    ADVANTA    AMRESCO                        
   3856416          36,400.00        14.25       438.51        70    OWNER       360    ADVANTA    AMRESCO                        
   3856432         108,800.00        10.05       958.82        80    OWNER       360    ADVANTA    AMRESCO                        
   3856440          26,250.00        13.23        295.1        75    OWNER       360    ADVANTA    AMRESCO                        
   3856457          28,800.00        12.15       299.57        60    OWNER       360    ADVANTA    AMRESCO                        
   3856473         108,500.00        10.83      1019.36        70    OWNER       360    ADVANTA    AMRESCO                        
   3856481          28,700.00        10.95        325.3     68.33    OWNER       180    ADVANTA    AMRESCO                        
   3856499          56,000.00        14.25       674.62        70    OWNER       360    ADVANTA    AMRESCO                        
   3856507         141,073.00         9.18      1153.42     47.82    OWNER       360    ADVANTA    AMRESCO                        
   3856523          78,650.00        13.38       893.45        65    OWNER       360    ADVANTA    AMRESCO                        
   3856531          38,000.00         9.88       330.11        80    OWNER       360    ADVANTA    AMRESCO                        
   3856564          85,000.00         8.25       638.58     70.83    OWNER       360    ADVANTA    AMRESCO                        
   3856572         148,500.00         11.5      1470.58        90    OWNER       360    ADVANTA    AMRESCO                        
   3856580          39,200.00           11       373.31        80    OWNER       360    ADVANTA    AMRESCO                        
   3856598         292,000.00        10.55      2681.96        80    OWNER       360    ADVANTA    AMRESCO                        
   3856622          51,800.00        13.08       576.25        70    OWNER       360    ADVANTA    AMRESCO                        
   3856630          48,750.00         10.5       445.94        75    OWNER       360    ADVANTA    AMRESCO                        
   3856648          88,875.00         9.25       731.15        75    OWNER       360    ADVANTA    AMRESCO                        
   3856663         124,000.00          9.5      1042.66        80    OWNER       360    ADVANTA    AMRESCO                        
   3856671          49,725.00        12.86       544.62        65    OWNER       360    ADVANTA    AMRESCO                        
   3860293          49,000.00         11.7       492.73        70    OWNER       360    ADVANTA    AMRESCO                        
   3860319          52,500.00         9.25        431.9        75    OWNER       360    ADVANTA    AMRESCO                        
   3860335          49,000.00        14.67       606.67        70    OWNER       360    ADVANTA    AMRESCO                        
   3860343          25,000.00        10.53       229.25     58.28    OWNER       360    ADVANTA    AMRESCO                        
   3860368         500,000.00        10.05      4406.34     83.33    OWNER       360    ADVANTA    AMRESCO                        
   3860384          30,000.00        11.28       292.06     52.63    OWNER       360    ADVANTA    AMRESCO                        
   3860392         178,200.00         9.75      1531.01        90    OWNER       360    ADVANTA    AMRESCO                        
   3860418         300,000.00         9.68      2562.06     67.11    OWNER       360    ADVANTA    AMRESCO                        
   3860475          65,200.00         8.55       503.64        80    OWNER       360    ADVANTA    AMRESCO                        
   3860483          45,000.00        10.73       419.39        75    OWNER       360    ADVANTA    AMRESCO                        
   3860491          80,000.00        10.23       715.69     62.02    OWNER       360    ADVANTA    AMRESCO                        
   3860509          45,500.00           13       503.32        65    OWNER       360    ADVANTA    AMRESCO                        
   3860525          33,800.00        13.38       383.96        65    OWNER       360    ADVANTA    AMRESCO                        
   3860533         205,200.00         9.75      1762.98        90    OWNER       360    ADVANTA    AMRESCO                        
   3860558          62,050.00         8.65       483.72        85    OWNER       360    ADVANTA    AMRESCO                        
   3860574          33,900.00        10.43       308.32        60    OWNER       360    ADVANTA    AMRESCO                        
   3860582          49,500.00        10.25       443.57     83.19    OWNER       360    ADVANTA    AMRESCO                        
   3860590         282,000.00          9.9      2453.94     82.94    OWNER       360    ADVANTA    AMRESCO                        
   3860624          63,750.00        10.43       579.81        75    OWNER       360    ADVANTA    AMRESCO                        
   3860632          19,500.00         12.5       208.12        65    NON OWNER   360    ADVANTA    AMRESCO                        
   3860640         106,250.00          9.6       901.17        85    OWNER       360    ADVANTA    AMRESCO                        
   3860657          53,600.00        10.76       500.75        80    OWNER       360    ADVANTA    AMRESCO                        


<CAPTION>
  SERVICER       DUE    
 LOAN NUMBER     DATE   
 -----------    -----   
<S>             <C>     
   3853801      10/01/97
   3853819      10/01/97
   3853827      10/01/97
   3856283      09/01/97
   3856291      10/01/97
   3856333      10/01/97
   3856358      10/01/97
   3856366      10/01/97
   3856374      10/01/97
   3856382      10/01/97
   3856408      10/01/97
   3856416      10/01/97
   3856432      10/01/97
   3856440      10/01/97
   3856457      10/01/97
   3856473      10/01/97
   3856481      10/01/97
   3856499      10/01/97
   3856507      10/01/97
   3856523      10/01/97
   3856531      10/01/97
   3856564      10/01/97
   3856572      10/01/97
   3856580      10/01/97
   3856598      10/01/97
   3856622      10/01/97
   3856630      10/01/97
   3856648      10/01/97
   3856663      10/01/97
   3856671      10/01/97
   3860293      10/01/97
   3860319      10/01/97
   3860335      10/01/97
   3860343      10/01/97
   3860368      10/01/97
   3860384      10/01/97
   3860392      10/01/97
   3860418      10/01/97
   3860475      10/01/97
   3860483      10/01/97
   3860491      10/01/97
   3860509      10/01/97
   3860525      10/01/97
   3860533      10/01/97
   3860558      10/01/97
   3860574      10/01/97
   3860582      10/01/97
   3860590      10/01/97
   3860624      10/01/97
   3860632      10/01/97
   3860640      10/01/97
   3860657      10/01/97
</TABLE>


                                    Page 2
<PAGE>   13
AMRESCO MORTGAGE LOAN SCHEDULE
1997-3 PREFUND 1 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>       
3860673        3860673AD    TVEIT      3201 22ND AVENUE SOUTH          MINNEAPOLIS     MN         55406     2-4 UNITS   09/01/2027
3863602        3863602AD    BONIN      4849 JERSEY AVENUE NORTH        CRYSTAL         MN         55428     SFR         08/01/2027
3863610        3863610AD    REYES      LOT#96 PAAUHAU  CAMP            PAAUHAU         HI         96775     SFR         08/01/2027
3863628        3863628AD    JENSEN     2227 AMIRANTE STREET            EUGENE          OR         97402     SFR         09/01/2027
3863636        3863636AD    NAKAMURA   LOT #10 SUNSET RIDGE            WAIKOLOA        HI         96738     SFR         09/01/2027
3863651        3863651AD    FREY       19 SOUTH HANCOCK STREET         WILKES BARR     PA         18702     SFR         09/01/2027
3863669        3863669AD    RAMUS      12935 EAST 48TH AVENUE          DENVER          CO         80239     SFR         09/01/2027
3863693        3863693AD    WALKER     12 GOODWIN COURT                SPRINGFIELD     IL         62704     SFR         09/01/2027
3863701        3863701AD    MADRID     2921 MAPLEWOOD DRIVE SOUTH      ALBUQUERQUE     NM         87121     SFR         09/01/2027
3863727        3863727AD    GANTT      8030 CHESTNUT AVENUE            BOWIE           MD         20715     SFR         09/01/2027
3863750        3863750AD    JACOBSEN   3711 SOUTH GOLDEN GRAIN CI      WEST VALLEY     UT         84120     SFR         09/01/2027
3863768        3863768AD    KNODE      2901 E 37TH STREET              DES MOINES      IA         50317     SFR         09/01/2027
3863776        3863776AD    MCMANIS    2921 KNOWLSON AVENUE            PITTSBURGH      PA         15226     SFR         09/01/2027
3863784        3863784AD    IRWIN      420 WAYNESBURG  ROAD            WEST ALEXAN     PA         15376     SFR         09/01/2027
3863800        3863800AD    DEPPE      6020 EAST SOUTHERN AVENUE       INDIANAPOLI     IN         46203     SFR         09/01/2027
3863826        3863826AD    ANDERSON   12430 NORTHWEST 22 COURT        MIAMI           FL         33167     SFR         09/01/2027
3863834        3863834AD    GERMANO    2 JESSICA DRIVE                 BRISTOL         RI          2809     SFR         09/01/2027
3863842        3863842AD    WITT       275 SNEADS FERRY ROAD           SNEADS FERR     NC         28460     SFR         09/01/2027
3863867        3863867AD    HEARN      6535 23RD STREET NORTH          OAKDALE         MN         55128     SFR         09/01/2027
3863875        3863875AD    ALVAREZ    2504-06 SOUTH 12TH STREET       MILWAUKEE       WI         53215     2-4 UNITS   09/01/2027
3870326        3870326AD    MASSEY     2038 NORTH AND SOUTH ROAD       VINITA PARK     MO         63114     SFR         08/01/2027
3870367        3870367AD    BOBO       16225 DOUBLEGROVE STREET        LA PUENTE       CA         91744     SFR         09/01/2027
3870375        3870375AD    APPLE      12908 LILY STREET               COON RAPIDS     MN         55448     SFR         09/01/2027
3870383        3870383AD    BANKS      2901 10TH AVENUE                LOS ANGELES     CA         90018     SFR         09/01/2027
3870417        3870417AD    CLARK      1480 FRAMKLIN STREET            JOHNSTOWN       PA         15905     SFR         09/01/2027
3870425        3870425AD    BOERSTE    7284 S.W. 200TH PLACE           ALOHA           OR         97007     SFR         09/01/2027
3870433        3870433AD    HATTER     8307 ENCHANTED FOREST DRIV      HOUSTON         TX         77088     SFR         09/01/2027
3870441        3870441AD    ALVARADO   255 NORTHWEST 64TH AVENUE       MIAMI           FL         33126     SFR         09/01/2027
3870466        3870466AD    CARROLL    19060 RIVERVIEW DRIVE           BAINBRIDGE      OH         44023     SFR         09/01/2027
3870474        3870474AD    DAVIS      2777-79 N 36TH STREET           MILWAUKEE       WI         53210     2-4 UNITS   09/01/2027
3870508        3870508AD    COLLINS    5321 SOUTHWEST 26TH TERRAC      FORT LAUDER     FL         33312     SFR         09/01/2012
3870540        3870540AD    WENMAN     5004 STARFINDER AVENUE          LAS VEGAS       NV         89108     SFR         09/01/2027
3870557        3870557AD    ALVAREZ    2506 SOUTH 12TH STREET          MILWAUKEE       WI         53209     2-4 UNITS   09/01/2027
3870581        3870581AD    LAMINA     5108 SOUTH PAULINA STREET       CHICAGO         IL         60609     2-4 UNITS   09/01/2027
3870599        3870599AD    RUSSELL    6533 LAKE EARL DRIVE            FORT DICK       CA         95538     SFR         09/01/2027
3870607        3870607AD    PEREZ      11790 SOUTHWEST 18TH STREE      MIAMI           FL         33175     CONDO       09/01/2027
3870615        3870615AD    FOREMAN    2305 DORCHESTER                 LITTLE ROCK     AR         72204     2-4 UNITS   09/01/2027
3876802        3876802AD    MASSEY     8914 HALLS FERRY ROAD           ST. LOUIS       MO         63147     SFR         08/01/2027
3876810        3876810AD    NELSON     550 127TH LANE NORTHWEST        COON RAPIDS     MN         55448     SFR         08/01/2027
3876836        3876836AD    CREECH     2080 WARMWOOD LAND              SAN JOSE        CA         95132     SFR         09/01/2027
3876844        3876844AD    SAENZ      511 SOUTH  LORENA STREET        LOS ANGELES     CA         90063     2-4 UNITS   09/01/2027
3876893        3876893AD    RAMOS      3190 WHITELEAF COURT            SAN JOSE        CA         95148     SFR         09/01/2027
3876919        3876919AD    MINAHAN    3275-3277 RANDEL COURT SOU      SALEM           OR         97302     2-4 UNITS   09/01/2027
3876927        3876927AD    PARRAGA    8227 ELEPAIO ROAD               KEKAHA          HI         96752     SFR         09/01/2027
3876935        3876935AD    ALESHIRE   301 POLK 18                     COVE            AR         71937     SFR         09/01/2027
3877016        3877016AD    LUNT       86 RED GATE LANE                MEREDITH        NH          3253     SFR         09/01/2027
3877065        3877065AD    LAVELLE    2928 WEST 139TH PLACE           BLUE ISLAND     IL         60406     SFR         09/01/2027
3877081        3877081AD    SAKHL      6251 CAVELL AVENUE NORTH        BROOKLYN PA     MN         55428     SFR         09/01/2027
3877099        3877099AD    FOLDEN     1445 MYRTLE AVENUE              COLUMBUS        OH         43211     SFR         09/01/2027
3877115        3877115AD    BLAZEWICZ  W225 S4671 GUTHRIE ROAD         WAUKESHA        WI         53186     SFR         09/01/2027
3877131        3877131AD    THOMAS     4214 NORTH 40TH STREET          MILWAUKEE       WI         53216     SFR         09/01/2027
3877149        3877149AD    HERNANDEZ  7486 SANTA FE DRIVE             HOUSTON         TX         77061     SFR         09/01/2027
                                                                                                                                  

<CAPTION>
 SERVICER           09/01/97        CURRENT      CURRENT            OCCUPANCY     ORIGINAL                   
LOAN NUMBER    SCHEDULED BALANCE     RATE      P&I PAYMENT    LTV    STATUS         TERM       SERVICER    
- -----------    -----------------    -------    -----------    ---   ---------     --------     --------
<S>            <C>                  <C>         <C>         <C>      <C>             <C>       <C>          
3860673            110,415.00         9.98       967.34        85    OWNER           360       ADVANTA      
3863602             76,986.77        14.25       927.61        70    OWNER           360       ADVANTA      
3863610             61,719.62          9.5       519.23        65    OWNER           360       ADVANTA      
3863628             68,250.00        11.83       693.11        70    NON OWNER       360       ADVANTA      
3863636            162,500.00         9.63      1381.83        65    OWNER           360       ADVANTA      
3863651             20,000.00            9       160.92     41.67    OWNER           360       ADVANTA      
3863669             87,500.00        14.75      1088.92     68.36    OWNER           360       ADVANTA      
3863693             27,300.00        11.88       278.29        65    OWNER           360       ADVANTA      
3863701             93,750.00        11.53       930.54        75    OWNER           360       ADVANTA      
3863727             49,600.00        10.88       467.86        62    OWNER           360       ADVANTA      
3863750            123,920.00         9.88      1076.51        80    OWNER           360       ADVANTA      
3863768             38,500.00        15.13       490.82        70    OWNER           360       ADVANTA      
3863776             68,500.00        10.18       610.27     78.74    OWNER           360       ADVANTA      
3863784             51,000.00        10.18       454.36     72.86    OWNER           360       ADVANTA      
3863800             85,050.00         11.7       855.25        70    OWNER           360       ADVANTA      
3863826             52,500.00        14.75       653.35        70    OWNER           360       ADVANTA      
3863834             62,000.00        10.08       547.76     47.69    OWNER           360       ADVANTA      
3863842             58,800.00        10.73          548        80    OWNER           360       ADVANTA      
3863867             84,350.00        11.33       824.39        70    OWNER           360       ADVANTA      
3863875             38,250.00        11.41       376.16        75    NON OWNER       360       ADVANTA      
3870326             30,436.60       10.025       267.78        70    NON OWNER       360       ADVANTA      
3870367             60,000.00        12.08       620.86     38.46    NON OWNER       360       ADVANTA      
3870375             93,750.00        12.38       991.83     78.13    OWNER           360       ADVANTA      
3870383            140,250.00         9.25       1153.8        85    OWNER           360       ADVANTA      
3870417             39,550.00        10.93       374.55        70    OWNER           360       ADVANTA      
3870425            111,960.00        10.05       986.67        80    OWNER           360       ADVANTA      
3870433             44,940.00         11.1       431.37        60    OWNER           360       ADVANTA      
3870441            112,500.00        10.25      1008.11        90    OWNER           360       ADVANTA      
3870466            110,250.00        11.35       1079.2        75    OWNER           360       ADVANTA      
3870474             33,200.00           11       316.17        80    OWNER           360       ADVANTA      
3870508             40,150.00          9.9          429        55    OWNER           180       ADVANTA      
3870540             67,400.00        10.38        610.5     74.97    NON OWNER       360       ADVANTA      
3870557             30,800.00        11.26       299.38        70    NON OWNER       360       ADVANTA      
3870581             62,400.00        14.01       739.85        65    NON OWNER       360       ADVANTA      
3870599             91,000.00        10.81       853.57        65    NON OWNER       360       ADVANTA      
3870607             50,000.00         10.5       457.37     79.37    OWNER           360       ADVANTA      
3870615             57,500.00        10.51       526.41     79.86    NON OWNER       360       ADVANTA      
3876802             27,287.99       10.025       240.08        70    NON OWNER       360       ADVANTA      
3876810             90,962.66        10.35       822.22     58.71    OWNER           360       ADVANTA      
3876836            204,000.00         7.65      1447.41     83.61    OWNER           360       ADVANTA      
3876844             64,320.00        11.15       619.84        48    OWNER           360       ADVANTA      
3876893            228,600.00         10.5      2091.09        90    OWNER           360       ADVANTA      
3876919             96,375.00         12.1       998.75        75    OWNER           360       ADVANTA      
3876927            119,000.00         9.15       970.37        85    OWNER           360       ADVANTA      
3876935             47,750.00         10.5       436.79     79.98    OWNER           360       ADVANTA      
3877016             82,000.00         10.4       743.96      40.2    NON OWNER       360       ADVANTA      
3877065             45,600.00        13.71       529.85     54.94    NON OWNER       360       ADVANTA      
3877081             84,200.00         9.78       725.26        80    OWNER           360       ADVANTA      
3877099             33,750.00        10.13       299.43        75    NON OWNER       360       ADVANTA      
3877115             97,750.00        11.03       933.11        85    OWNER           360       ADVANTA      
3877131             31,150.00        12.46       331.48        70    NON OWNER       360       ADVANTA      
3877149             57,750.00         9.77       497.01        75    OWNER           360       ADVANTA      
<CAPTION>
 SERVICER                                              DUE
LOAN NUMBER                 ORIGINATOR                 DATE
- -----------                 ----------                 ----
<S>           <C>                                    <C>
3860673       AMRESCO                                10/01/97
3863602       MINNESOTA FUNDING AND MORTGAGE         10/01/97
3863610       AMRESCO                                09/01/97
3863628       AMRESCO                                10/01/97
3863636       AMRESCO                                10/01/97
3863651       AMRESCO                                10/01/97
3863669       AMRESCO                                10/01/97
3863693       AMRESCO                                10/01/97
3863701       AMRESCO                                10/01/97
3863727       AMRESCO                                10/01/97
3863750       AMRESCO                                10/01/97
3863768       AMRESCO                                10/01/97
3863776       AMRESCO                                10/01/97
3863784       AMRESCO                                10/01/97
3863800       AMRESCO                                10/01/97
3863826       AMRESCO                                10/01/97
3863834       AMRESCO                                10/01/97
3863842       AMRESCO                                10/01/97
3863867       AMRESCO                                10/01/97
3863875       AMRESCO                                10/01/97
3870326       EDGE MORTGAGE SERVICES                 09/01/97
3870367       AMRESCO                                10/01/97
3870375       AMRESCO                                10/01/97
3870383       AMRESCO                                10/01/97
3870417       AMRESCO                                10/01/97
3870425       AMRESCO                                10/01/97
3870433       AMRESCO                                10/01/97
3870441       AMRESCO                                10/01/97
3870466       AMRESCO                                10/01/97
3870474       AMRESCO                                10/01/97
3870508       AMRESCO                                10/01/97
3870540       AMRESCO                                10/01/97
3870557       AMRESCO                                10/01/97
3870581       AMRESCO                                10/01/97
3870599       AMRESCO                                10/01/97
3870607       AMRESCO                                10/01/97
3870615       AMRESCO                                10/01/97
3876802       EDGE MORTGAGE SERVICES                 09/01/97
3876810       MINNESOTA FUNDING AND MORTGAGE         09/01/97
3876836       AMRESCO                                10/01/97
3876844       AMRESCO                                10/01/97
3876893       AMRESCO                                10/01/97
3876919       AMRESCO                                10/01/97
3876927       AMRESCO                                10/01/97
3876935       AMRESCO                                10/01/97
3877016       AMRESCO                                10/01/97
3877065       AMRESCO                                10/01/97
3877081       AMRESCO                                10/01/97
3877099       AMRESCO                                10/01/97
3877115       AMRESCO                                10/01/97
3877131       AMRESCO                                10/01/97
3877149       AMRESCO                                10/01/97
</TABLE>


                                    Page 3
<PAGE>   14
AMRESCO MORTGAGE LOAN SCHEDULE
1997-3 PREFUND 1 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>       
   3877198   3877198AD    GREGORY         101 WEBSTER ROAD              GREENSBORO      NC           27406    SFR         09/01/2027
   3877206   3877206AD    BOWEN           12500 NORTHWEST 22ND AVENU    MIAMI           FL           33167    SFR         09/01/2012
   3879285   3879285AD    LEE             620 NORTH WILLIAMS  DRIVE     FROST           TX           76641    SFR         09/01/2027
   3879319   3879319AD    BRIDGES         8978 RAMONA AVENUE            BEL RIDGE       MO           63121    SFR         08/01/2027
   3879327   3879327AD    MYLES-ALEXAN    1900 EAST 26TH STREET         MINNEAPOLIS     MN           55404    2-4 UNITS   08/01/2027
   3879335   3879335AD    ZOTTA           5088 COUNTRY CLUB DRIVE       HIGH RIDGE      MO           63049    SFR         08/01/2027
   3879343   3879343AD    MOYER           412 4TH AVENUE SOUTH          CORDOVA         IL           61242    SFR         07/01/2027
   3879350   3879350AD    RODRIGUEZ       705 MILLER AVENUE             MISSION         TX           78572    SFR         09/01/2027
   3879368   3879368AD    RICHMOND        484 DESERT  GARDENS DRIVE     EL CENTRO       CA           92231    SFR         08/01/2027
   3879392   3879392AD    FEDERICO        31798 CORTE PADRERA           TEMECULA        CA           92592    SFR         09/01/2027
   3879418   3879418AD    ELLISON         7134 SE 85TH AVENUE           PORTLAND        OR           97266    SFR         09/01/2027
   3879426   3879426AD    KEOVONGSAK      13089 THISTLEWOOD LANE        HOLLAND         MI           49424    SFR         09/01/2027
   3879467   3879467AD    ABDUL-HAMID     583 BERGEN STREET             NEWARK          NJ            7108    2-4 UNITS   09/01/2027
   3879483   3879483AD    STEELE          932 EAST 41ST AVENUE          GARY            IN           46404    SFR         09/01/2027
   3879517   3879517AD    VAN DUYNE       6648 PHILLIPS MILL ROAD       SOLEBURY        PA           18963    SFR         09/01/2027
   3879533   3879533AD    CORPUZ          1349 LEEWARD DRIVE            SAN JOSE        CA           95122    SFR         09/01/2027
   3879541   3879541AD    WILLIAMS        9755 UPPER 205TH STREET WE    LAKEVILLE       MN           55044    SFR         09/01/2027
   3879566   3879566AD    MCBRIDE         1245 NORTH KOSTNER            CHICAGO         IL           60651    2-4 UNITS   09/01/2027
   3879574   3879574AD    NEUMAN          15556 BRONCO DRIVE            CANYON COUN     CA           91351    SFR         09/01/2027
   3879590   3879590AD    KELP            6154 THREE NOTCH ROAD         NASHVILLE       IN           47448    SFR         09/01/2027
   3879608   3879608AD    ALEJOS          4454 NORTH SAWYER AVENUE      CHICAGO         IL           60625    SFR         09/01/2027
   3879632   3879632AD    BURNS           297 CHURCHILL ROAD WILDERN    EAST STROUD     PA           18301    SFR         09/01/2027
   3879640   3879640AD    DEGRAFFENRIE    7602 15TH AVENUE N            ST. PETTERS     FL           33710    SFR         09/01/2027
   3879657   3879657AD    HUTCHINSON      3831 NORTHWEST 197 TERRACE    MIAMI           FL           33055    SFR         09/01/2027
   3882933   3882933AD    BLUE            822 37TH STREET               OAKLAND         CA           94608    SFR         09/01/2027
   3882982   3882982AD    MCELHANEY       58 MARSHALL LANE              DERBY           CT            6418    SFR         09/01/2027
   3883022   3883022AD    ROBINSON        1006 LOMBARDY STREET          GREENSBORO      NC     27405GUIL      SFR         09/01/2027
   3883030   3883030AD    MOCERI          22600 BARTON                  SAINT CLAIR     MI           48081    SFR         09/01/2027
   3883048   3883048AD    MUNDAY          191 CREEKWOOD DRIVE           ADVANCE         NC           27006    SFR         09/01/2027
   3883055   3883055AD    BUNNELL         3274 CONSTITUTION BOULEVAR    CLAYSVILLE      PA           15323    SFR         09/01/2027
   3883063   3883063AD    GOERING         169 STEVENSON ROAD            MERIDEN         CT            6450    SFR         09/01/2027
   3883089   3883089AD    CHANIN          1255 MEDINA ROAD              MEDINA          MN           55356    SFR         09/01/2027
   3883113   3883113AD    SONCRANT        1135 NORTH 20TH STREET        MOORHEAD        MN           56560    SFR         09/01/2027
   3883121   3883121AD    BORMANN         908 EAST 1ST STREET           SIOUX FALLS     SD           57103    SFR         09/01/2012
   3883139   3883139AD    BENTON          150 9TH DRIVE                 VERO BEACH      FL           32962    SFR         09/01/2027
   3883147   3883147AD    HAYES           412 & 414 E. BALBOA BLVD      NEWPORT BEA     CA           92661    2-4 UNITS   09/01/2027
   3883162   3883162AD    WENTELER        405 PROSPECT AVENUE           PINE BEACH      NJ            8741    SFR         09/01/2027
   3883170   3883170AD    WALTEMYER       301 KATER STREET              PHILADELPHI     PA           19147    SFR         09/01/2027
   3883188   3883188AD    CORREDOR        8602 VERREE ROAD              PHILADELPHI     PA           19115    SFR         09/01/2027
   3883204   3883204AD    RIVERO          128 HUAREZ COURT              DAVENPORT       FL           33837    SFR         09/01/2027
   3883212   3883212AD    ST. GERMAINE    33 MCDEVITT ROAD              RANDOLPH        MA            2368    SFR         09/01/2027
   3883238   3883238AD    BATTLE          1009 CASTLE COURT             CHESAPEAKE      VA           23323    SFR         09/01/2027
   3883246   3883246AD    HATCH           734 CANDLEWOOD HILL ROAD      FRANCESTOWN     NH            3043    SFR         09/01/2027
   3883253   3883253AD    JUSTICE         116 JEFFERSON STREET          BURLINGTON      NC           27217    SFR         09/01/2027
   3885928   3885928AD    FISHBURN        5645 HILLER PLACE             ST. LOUIS       MO           63136    SFR         08/01/2027
   3885936   3885936AD    AGUILAR         5729 FAIRBAIRN DRIVE          NORTH HIGHL     CA           95660    SFR         09/01/2027
   3885977   3885977AD    AGUILAR         4430 AVON STREET              RIVERSIDE       CA           92509    SFR         09/01/2027
   3885993   3885993AD    ALEXANDER       27230 SANTA FE STREET         HEMET           CA           92543    SFR         09/01/2027
   3886009   3886009AD    DEEM            5059 SOUTH 3760 WEST          TAYLORSVILL     UT           84118    SFR         09/01/2027
   3886033   3886033AD    LAMBERT-AH Q    358 OLOMANA ST.               KAILUA          HI           96734    SFR         09/01/2027
   3886041   3886041AD    SONGER          1607 W. COUNTRY ROAD          NIXA            MO           65714    SFR         09/01/2027
   3886074   3886074AD    PRANKA          10 DONNA ROAD                 SAUGUS          MA            1906    SFR         09/01/2027
<CAPTION>
 SERVICER        09/01/97         CURRENT      CURRENT             OCCUPANCY      ORIGINAL                   
LOAN NUMBER  SCHEDULED BALANCE     RATE      P&I PAYMENT    LTV     STATUS          TERM       SERVICER    
- -----------  -----------------     ----      -----------    ---     ------          ----       --------
<S>            <C>                  <C>         <C>         <C>      <C>             <C>       <C>          
3877198             90,000.00        10.63       832.03        90    OWNER           360       ADVANTA     
3877206             50,400.00           14        671.2        70    OWNER           180       ADVANTA     
3879285             82,500.00        10.25       739.28        75    OWNER           360       ADVANTA     
3879319             39,589.52        12.35       418.03        90    OWNER           360       ADVANTA     
3879327            134,938.61         9.87      1171.77        75    OWNER           360       ADVANTA     
3879335            271,607.26         11.2      2628.61        65    OWNER           360       ADVANTA     
3879343             41,576.08           12        427.9        80    OWNER           360       ADVANTA     
3879350             44,560.00        10.35       402.62        80    OWNER           360       ADVANTA     
3879368             74,723.35           11       711.86     69.86    OWNER           360       ADVANTA     
3879392            202,000.00        11.25      1961.95     82.11    OWNER           360       ADVANTA     
3879418             75,200.00          9.8       648.85        80    OWNER           360       ADVANTA     
3879426             84,000.00          8.9       669.85        80    OWNER           360       ADVANTA     
3879467             70,000.00        13.08       778.72        70    NON OWNER       360       ADVANTA     
3879483             26,250.00         9.85       227.46        75    OWNER           360       ADVANTA     
3879517            196,200.00        10.63      1813.81        90    OWNER           360       ADVANTA     
3879533            179,550.00         9.25      1477.11        90    OWNER           360       ADVANTA     
3879541             88,500.00        11.73       891.97        75    OWNER           360       ADVANTA     
3879566            114,000.00        12.46      1213.14     69.09    NON OWNER       360       ADVANTA     
3879574            330,000.00          9.3      2726.79        60    OWNER           360       ADVANTA     
3879590             66,500.00         9.95       581.13        70    OWNER           360       ADVANTA     
3879608             87,750.00        11.63       877.69        65    OWNER           360       ADVANTA     
3879632            101,600.00         9.68       867.68        80    OWNER           360       ADVANTA     
3879640             48,750.00        10.05       429.62        75    OWNER           360       ADVANTA     
3879657             71,200.00         10.3       640.67        80    OWNER           360       ADVANTA     
3882933             83,000.00        11.01       791.06        83    NON OWNER       360       ADVANTA     
3882982             92,800.00         10.3       835.03        80    OWNER           360       ADVANTA     
3883022             46,900.00        15.13        597.9        70    OWNER           360       ADVANTA     
3883030             99,000.00        10.35       894.51        75    OWNER           360       ADVANTA     
3883048             72,300.00        12.73       784.55     60.25    OWNER           360       ADVANTA     
3883055             51,000.00        10.53       467.66        85    OWNER           360       ADVANTA     
3883063            119,200.00        11.05      1139.68        80    OWNER           360       ADVANTA     
3883089            140,000.00        11.18      1352.33        80    OWNER           360       ADVANTA     
3883113             59,200.00        11.73       596.66        80    OWNER           360       ADVANTA     
3883121             19,000.00         9.77       201.51     57.58    OWNER           180       ADVANTA     
3883139             76,800.00          9.8       662.65        80    OWNER           360       ADVANTA     
3883147            427,500.00          9.5      3594.65        90    OWNER           360       ADVANTA     
3883162             69,800.00         9.93       608.94     68.43    OWNER           360       ADVANTA     
3883170             43,550.00        10.98       414.08        65    OWNER           360       ADVANTA     
3883188             76,800.00        10.73       715.76        80    OWNER           360       ADVANTA     
3883204             90,400.00            9       727.38        80    OWNER           360       ADVANTA     
3883212             93,510.00        10.25       837.94        90    OWNER           360       ADVANTA     
3883238             35,775.00         9.78       308.15        75    OWNER           360       ADVANTA     
3883246            115,375.00        10.75         1077        65    OWNER           360       ADVANTA     
3883253             22,750.00        12.88       249.53        65    OWNER           360       ADVANTA     
3885928             24,695.18         13.7       286.81        65    OWNER           360       ADVANTA     
3885936             51,240.00        10.43       466.03     69.71    NON OWNER       360       ADVANTA     
3885977             44,500.00         9.29       367.38     50.86    OWNER           360       ADVANTA     
3885993            196,000.00         9.88      1702.69      78.4    OWNER           360       ADVANTA     
3886009             98,600.00         11.4       968.91        85    OWNER           360       ADVANTA     
3886033            180,000.00         9.95      1572.98        75    OWNER           360       ADVANTA     
3886041             42,000.00         9.55       354.69     48.84    OWNER           360       ADVANTA     
3886074            250,000.00         9.25      2056.69      64.1    OWNER           360       ADVANTA     


<CAPTION>
 SERVICER                                             DUE
LOAN NUMBER                ORIGINATOR                 DATE
- ------------               ----------                 ----
  <S>        <C>                                    <C>
  3877198    AMRESCO                                10/01/97
  3877206    AMRESCO                                10/01/97
  3879285    ALPHA MORTGAGE                         10/01/97
  3879319    DOERING MORTGAGE CORPORATION           09/01/97
  3879327    MINNESOTA FUNDING AND MORTGAGE         09/01/97
  3879335    DOERING MORTGAGE CORPORATION           09/01/97
  3879343    MINNESOTA FUNDING AND MORTGAGE         09/01/97
  3879350    AMRESCO                                10/01/97
  3879368    GATEWAY FINANCIAL SERVICES             10/01/97
  3879392    AMRESCO                                10/01/97
  3879418    AMRESCO                                10/01/97
  3879426    FRANKLIN MORTGAGE                      10/01/97
  3879467    AMRESCO                                10/01/97
  3879483    AMRESCO                                10/01/97
  3879517    MONEY MORTGAGE CORPORATION OF          10/01/97
  3879533    AMRESCO                                10/01/97
  3879541    AMRESCO                                10/01/97
  3879566    AMRESCO                                10/01/97
  3879574    AMRESCO                                10/01/97
  3879590    AMRESCO                                10/01/97
  3879608    AMRESCO                                10/01/97
  3879632    AMRESCO                                10/01/97
  3879640    AMRESCO                                10/01/97
  3879657    AMRESCO                                10/01/97
  3882933    AMRESCO                                10/01/97
  3882982    AMRESCO                                10/01/97
  3883022    AMRESCO                                10/01/97
  3883030    AMRESCO                                10/01/97
  3883048    AMRESCO                                10/01/97
  3883055    AMRESCO                                10/01/97
  3883063    AMRESCO                                10/01/97
  3883089    AMRESCO                                10/01/97
  3883113    AMRESCO                                10/01/97
  3883121    AMRESCO                                10/01/97
  3883139    AMRESCO                                10/01/97
  3883147    AMRESCO                                10/01/97
  3883162    AMRESCO                                10/01/97
  3883170    AMRESCO                                10/01/97
  3883188    AMRESCO                                10/01/97
  3883204    AMRESCO                                10/01/97
  3883212    AMRESCO                                10/01/97
  3883238    AMRESCO                                10/01/97
  3883246    AMRESCO                                10/01/97
  3883253    AMRESCO                                10/01/97
  3885928    DOERING MORTGAGE CORPORATION           09/01/97
  3885936    AMRESCO                                10/01/97
  3885977    AMRESCO                                10/01/97
  3885993    AMRESCO                                10/01/97
  3886009    AMRESCO                                10/01/97
  3886033    AMRESCO                                10/01/97
  3886041    AMRESCO                                10/01/97
  3886074    AMRESCO                                10/01/97
</TABLE>


                                    Page 4
<PAGE>   15
AMRESCO MORTGAGE LOAN SCHEDULE
1997-3 PREFUND 1 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>
3886082   3886082AD    TAYLOR          3288 CEDARBROOK ROAD            CLEVELAND H     OH           44118   SFR         09/01/2027
3886090   3886090AD    COLE            31 NORTH BUNCOMBE SCHOOL R      WEAVERVILLE     NC           28787   SFR         09/01/2027
3886108   3886108AD    STEELE          503 WEST PLYMOUTH STREET        BREMEN          IN           46056   SFR         09/01/2027
3886124   3886124AD    MCGUIRE         11721 EAST 2750 NORTH ROAD      DANVILLE        IL           61832   SFR         09/01/2027
3886140   3886140AD    CIVITELLI       330 LANE STREET                 HAMDEN          CT            6514   SFR         09/01/2027
3886165   3886165AD    DOOLEY          114 NORTH SHERIDAN AVENUE       COLORADO SP     CO           80909   SFR         09/01/2027
3886173   3886173AD    PASHKEWITZ      1001 RYAN STREET                WAUKESHA        WI           53186   SFR         09/01/2027
3886231   3886231AD    CALVOSA         341 BEAVER VALLEY ROAD          STROUDSGBUR     PA           18360   SFR         09/01/2027
3886256   3886256AD    SHOAF           572 NORTH PAYNE ROAD            WINSTON-SAL     NC           27127   SFR         09/01/2027
3886264   3886264AD    WASHINGTON      11701 SOUTH LOOMIS STREET       CHICAGO         IL           60643   SFR         09/01/2027
3886272   3886272AD    SHAIKHOUD       7206 EAST POWELL AVENUE         EVANSVILLE      IN           47715   SFR         09/01/2027
3886280   3886280AD    SHAPE           405 BRICKHOUSE ROAD             CLAYSVILLE      PA           15323   SFR         09/01/2027
3886298   3886298AD    MARSHALL        5233 TENNESSEE AVENUE           SAINT LOUIS     MO           63111   SFR         09/01/2027
3886306   3886306AD    MILER           1307 L  AVENUE                  MILFORD         IA           51351   SFR         09/01/2027
3886322   3886322AD    PONTE           19 POCAHONTAS ROAD              POCASSET        MA            2559   SFR         09/01/2027
3886355   3886355AD    HOFER           4629-4631-4633 EDEN WAY         PITTSBURGH      PA           15201   2-4 UNITS   09/01/2027
3894490   3894490AD    BROOKS          10501 LILAC                     ST. LOUIS       MO           63137   SFR         09/01/2027
3894516   3894516AD    GRAHLMANN       LOT #36 OCEAN VIEW/CATAMAR      OCEAN VIEW      HI           96737   SFR         09/01/2027
3894557   3894557AD    HACHENBERGER    894 PHEASANT RUN                HAMILTON        MT           59840   SFR         09/01/2027
3894565   3894565AD    DE LA TORRE     12719 KLING STREET              STUDIO CITY     CA           91604   SFR         09/01/2027
3894573   3894573AD    BERNAL          1509 STONE AVENUE               PUEBLO          CO           81003   SFR         09/01/2027
3894607   3894607AD    STARKS          9657 SOUTH EMERALD AVENUE       CHICAGO         IL           60628   SFR         09/01/2027
3894623   3894623AD    BRECHLER        8926 THRASHER AVENUE            LOS ANGELES     CA           90069   SFR         09/01/2027
3894631   3894631AD    TURC            995 SW HIGHLAND DRIVE           GRESHAM         OR           97080   SFR         09/01/2027
3894649   3894649AD    CHARLES         313 CREEK DRIVE                 QUINBY          SC           29501   SFR         09/01/2027
3894656   3894656AD    BENDER          425 ELAINE TERRACE              LAKEMOOR        IL           60050   SFR         09/01/2012
3894664   3894664AD    MCGEE           ROUTE 1 BOX 425                 GEORGE WEST     TX           78022   SFR         09/01/2027
3894680   3894680AD    COLEMAN         104 SOUTH COLE AVENUE           MOLALLA         OR           97038   SFR         09/01/2027
3894714   3894714AD    ABELLA          7227 1/2 FAY AVENUE             LA JOLLA        CA           92037   CONDO       09/01/2027
3894722   3894722AD    SONG            1031 MAUNAIHI PLACE             HONOLULU        HI           96822   CONDO       09/01/2027
3894730   3894730AD    HALL            4643 LONG LAKE DRIVE            FORT MYERS      FL           33905   SFR         09/01/2027
3894763   3894763AD    PASILLAS        9328 DANBY AVENUE               SANTA FE SP     CA           90670   SFR         09/01/2027
3894789   3894789AD    AMONS           3222 MYSTIC RIDGE COURT         LAS VEGAS       NV           89129   SFR         09/01/2027
3894821   3894821AD    GONZALEZ        20100 WEST COUNTRY CLUB DR      MIAMI           FL           33180   CONDO       09/01/2027
3894839   3894839AD    FAVORITE        1007 SOUTH 24TH STREET          NEW CASTLE      IN           47362   SFR         09/01/2027
3894847   3894847AD    WRIGHT          45-47 BROWNELL AVENUE           HARTFORD        CT            6105   2-4 UNITS   09/01/2027
3897907   3897907AD    NESHEWAIT       38206 AVONDALE                  WESTLAND        MI           48186   SFR         07/01/2027
3897915   3897915AD    JOHNSON         14369 JAMESTOWN BAY DRIVE       FLORISSANT      MO           63034   SFR         08/01/2027
3897923   3897923AD    SCHACHT         1318 COLONY WAY                 CHESTERFIEL     MO           63017   SFR         08/01/2027
3897949   3897949AD    WIENCZEK        27 CARRIAGE CIRCLE              OLEY            PA           19547   SFR         08/01/2027
3897956   3897956AD    BAKER           2510 RAYMOND AVENUE             LOS ANGELES     CA           90007   SFR         09/01/2027
3897972   3897972AD    HARDEE          F-19 MARSHSIDE                  HILTON HEAD     SC           29926   CONDO       09/01/2027
3897980   3897980AD    BANANTO         905 S. SOUTH END RD.            OREGON CITY     OR           97045   SFR         09/01/2027
3898020   3898020AD    WYDERMYER       1531 WEST  65TH PLACE           LOS ANGELES     CA           90047   2-4 UNITS   09/01/2027
3898053   3898053AD    AHLEFELD        938 SOUTH FLORE STREET          ANAHEIM         CA           92802   SFR         09/01/2027
3898061   3898061AD    DERTING         1432 SE KNIGHT STREET           PORTLAND        OR           97202   SFR         09/01/2027
3898079   3898079AD    MORGAN          4807 BRODHEAD ROAD              ALIQUIPPA       PA           15001   SFR         09/01/2027
3898087   3898087AD    BREEDLOVE       3523 NORTH 14TH STREET          MILWAUKEE       WI           53206   SFR         09/01/2027
3898103   3898103AD    MCQUISTON       8411 NE 54TH ST                 VANCOUVER       WA           98662   CONDO       09/01/2027
3898111   3898111AD    SNYDER          1035 COURT STREET               ALLENTOWN       PA           18101   SFR         09/01/2027
3898145   3898145AD    VIELOT          11281 SOUTHWEST 157TH COUR      MIAMI           FL           33196   SFR         09/01/2027
3898152   3898152AD    MOTT            1188 HOLLAND STREET             LAKEWOOD        CO           80215   SFR         09/01/2027
                                                                                                                                  

<CAPTION>
 SERVICER       09/01/97       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>
3886082     61,500.00        10.35       555.68        75    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3886090     59,000.00        12.58       633.35     41.84    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3886108     71,400.00         12.2       745.44        70    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3886124     36,000.00        11.23       349.11        80    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3886140     62,400.00        12.98       689.29        60    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3886165     99,200.00         10.6       914.85        80    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3886173     46,500.00        11.03       443.88        62    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3886231     84,000.00        11.28       817.77        60    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3886256     72,645.00        14.63        897.1     67.89    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3886264     68,000.00        10.73       633.75        80    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3886272     71,500.00           12       735.46        65    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3886280     37,930.00        10.01       333.14     77.41    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3886298     31,500.00        10.68       292.39        70    NON OWNER     360    ADVANTA    AMRESCO                       10/01/97
3886306     44,000.00        11.73       443.47        80    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3886322     43,000.00        10.18       383.09     40.95    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3886355     36,400.00        11.46       359.36        70    NON OWNER     360    ADVANTA    AMRESCO                       10/01/97
3894490     44,925.00         12.4       475.99        75    OWNER         360    ADVANTA    DOERING MORTGAGE CORPORATION  10/01/97
3894516     71,250.00          8.4       542.81        75    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3894557     88,000.00          9.4       733.54     63.77    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3894565    381,650.00         10.9      3605.73        85    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3894573     65,700.00        11.75       663.18        90    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3894607     52,800.00         9.43       441.28        60    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3894623    167,000.00         8.99      1342.52     24.74    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3894631    130,000.00        11.13      1250.81     79.27    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3894649     63,000.00        14.63       777.99        70    OWNER         360    ADVANTA    CHASE MORTGAGE BROKERS INC    10/01/97
3894656     40,000.00        11.58       469.31     58.82    OWNER         180    ADVANTA    AMRESCO                       10/01/97
3894664    101,250.00         10.3       911.07      71.3    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3894680     70,400.00         11.6       702.54        80    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3894714    297,000.00         9.75      2551.69        90    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3894722    122,250.00        10.35      1104.58        75    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3894730    102,000.00        11.85      1037.42        60    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3894763    124,000.00         9.05       1002.2     78.98    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3894789     80,700.00        10.65       747.26     84.95    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3894821     40,000.00           11       380.93     52.63    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3894839     40,500.00         9.75       347.96        90    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3894847     45,000.00        10.25       403.25        75    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3897907     69,976.01        11.18       676.16        70    OWNER         360    ADVANTA    VANDYK MORTGAGE CORPORATION   09/01/97
3897915     82,403.43         12.4        873.3        75    OWNER         360    ADVANTA    DOERING MORTGAGE CORPORATION  09/01/97
3897923    167,905.91         8.88      1337.29     78.32    OWNER         360    ADVANTA    EDGE MORTGAGE SERVICES        09/01/97
3897949     88,187.98        15.25       1132.9        70    OWNER         360    ADVANTA    ALLIED FUNDING CORPORATION    09/01/97
3897956    121,995.00         8.75       959.74     74.39    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3897972     48,000.00        13.23       539.62     59.26    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3897980    116,000.00         11.1      1113.47        80    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3898020     88,800.00        12.45       944.28        60    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3898053     98,700.00          8.5       758.92     63.68    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3898061     60,000.00         9.25       493.61     73.17    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3898079     42,000.00        12.03       432.99        60    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3898087     28,050.00        10.78       262.47        85    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3898103     64,400.00         11.1       618.17        80    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3898111     30,100.00        14.63       371.71        70    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3898145     96,000.00        10.05       846.02        80    OWNER         360    ADVANTA    AMRESCO                       10/01/97
3898152    184,000.00         8.73       1444.9      78.3    OWNER         360    ADVANTA    AMRESCO                       10/01/97
</TABLE>


                                      5
<PAGE>   16

AMRESCO MORTGAGE LOAN SCHEDULE
1997-3 PREFUND 1 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>
3898178      3898178AD    SHEPHARD     502 WEST GREEN STREET         ROBERSONVIL     NC           27871    SFR          09/01/2027
3898194      3898194AD    KUNST        40 BEACH STREET               FOXBORO         MA            2035    SFR          09/01/2027
3898202      3898202AD    STEWART      10 RIDGE ROAD                 NORTON          MA            2766    SFR          09/01/2027
3898236      3898236AD    SCHROEDER    3155 EWIG LANE                HAYWARD         WI           54843    SFR          09/01/2027
3898244      3898244AD    OLIVER       2273 NORTHWEST 93RD STREET    MIAMI           FL           33147    SFR          09/01/2027
3898251      3898251AD    ULVESTAD     34 SHERMAN TERRACE            MADISON         WI           53704    CONDO        09/01/2027
3900917      3900917AD    KIRBY        316 JUANITA DRIVE             WILLS POINT     TX           75169    SFR          08/01/2027
3900974      3900974AD    WILSON       2222 CAMDEN AVENUE            PORTSMOUTH      VA           23704    SFR          09/01/2027
3900982      3900982AD    SMITH        127 SAN GORGONIO AVENUE       VALLEJO         CA           94589    SFR          09/01/2027
3900990      3900990AD    MOHR         73-4787 HALOLANI STREET       KAILUA-KONA     HI           96740    SFR          09/01/2027
3901030      3901030AD    AGAPAY       36 KAMEEUI PLACE              LAHAINA         HI           96761    SFR          09/01/2027
3901055      3901055AD    SCHWARZOFF   31 OLD STAGE ROAD             CENTERVILLE     MA            2632    SFR          09/01/2027
3901071      3901071AD    SUMNER       1748 WEST TULSA STREET        CHANDLER        AZ           85224    SFR          09/01/2027
3901089      3901089AD    GREEK        162 NORTH  MAIN STREET        WALTON          KY           41094    SFR          09/01/2027
3901113      3901113AD    SCOTT        950 PANOLA ROAD               WINSTON-SAL     NC           27106    SFR          09/01/2027
3901139      3901139AD    BUCCI        2581 PARMALEE DRIVE           SEVEN HILLS     OH           44131    SFR          09/01/2027
3901147      3901147AD    BRUSKE       1763 NORTH ASTOR STREET       MILWAUKEE       WI           53202    SFR          09/01/2027
3901188      3901188AD    PETERS       57 SOUTH SIXTH STREET         COLUMBIA        PA           17512    SFR          09/01/2027
3901212      3901212AD    PELCHAT      76-80 DURHAM STREET           PROVIDENCE      RI            2907    2-4 UNITS    09/01/2027
3901220      3901220AD    LUCAS        336 DIBBLE ROAD               CONNEAUT        OH           44030    SFR          09/01/2027
3901238      3901238AD    HILL         403 ALLEN STREET              SPRINGFIELD     MA            1108    SFR          09/01/2027
3901279      3901279AD    BENNETT      6854 WEST CLOVERDALE ROAD     ONLASKA         WI           54650    SFR          09/01/2027
3905064      3905064AD    HERSCHBACH   7005 15 AVENUE SOUTH          RICHFIELD       MN           55423    SFR          09/01/2027
3905072      3905072AD    KROMAH       2425 12TH AVENUE SOUTH        MINNEAPOLIS     MN           55404    2-4 UNITS    09/01/2027
3905080      3905080AD    KUEHNL       1005 CASE AVENUE              ST. PAUL        MN           55106    SFR          09/01/2027
3905098      3905098AD    NISAN        2028 SHINING FEATHER LANE     LAS VEGAS       NV           89134    SFR          09/01/2027
3905155      3905155AD    CRAIN        455 ALTA VISTA STREET         PORTERVILLE     CA           93257    2-4 UNITS    09/01/2027
3905163      3905163AD    THEORINE     827 NORTH LANE                RUIDOSO DOW     NM           88346    SFR          09/01/2027
3905171      3905171AD    CERCHIONE    522 SALEM STREET              MALDEN          MA            2148    SFR          09/01/2027
3905189      3905189AD    GUYTON       814 HIGHWAY 161               BESSEMER CI     NC           28016    SFR          09/01/2027
3905205      3905205AD    RIVERA       12631 SOUTHWEST 264TH STRE    HOMESTEAD       FL           33032    SFR          09/01/2027
3905213      3905213AD    ORTEGA       655 EAST  KANSAS ST.          LAS CRUCES      NM           88001    SFR          09/01/2027
3905247      3905247AD    SHADWICK     613 EAST DIVISION STREET      BOLIVAR         MO           65613    SFR          09/01/2027
3905254      3905254AD    PARKS        4621 SOUTHEAST 49TH STREET    OKLAHOMA CI     OK           73135    SFR          09/01/2027
3905262      3905262AD    TOWNE        3710 YOUNGBERG ROAD           WINNEMUCCA      NV           89445    SFR          09/01/2027
3905312      3905312AD    LARRY        1152 PIERCE STREET            GARY            IN           46407    SFR          09/01/2027
3905338      3905338AD    TOWNE        41423 OUPOR DRIVE             SCIO            OR           97374    SFR          09/01/2027
3905361      3905361AD    REPTA        2209 SOUTHWEST FOX COURT      TROUTDALE       OR           97060    SFR          09/01/2027
3905379      3905379AD    ROSSMAN      3785 WEST 39TH STREET         CLEVELAND       OH           44109    SFR          09/01/2027
3905395      3905395AD    MCDONALD     11243 E. 6TH  PLACE           AURORA          CO           80010    SFR          09/01/2027
3905403      3905403AD    NELSON       10042 JOHNNY CAKE ROAD        PAINESVILLE     OH           44077    SFR          09/01/2027
3905452      3905452AD    EVERETT      63 ARTESIAN OAKS DRIVE        CONROE          TX           77304    SFR          09/01/2027
3905478      3905478AD    WILLIAMS     521 OAK CREEK DRIVE           BRANDON         FL           33511    SFR          09/01/2027
3905494      3905494AD    WEST         22839 WILD MOSS STREET        TOMBALL         TX           77375    SFR          09/01/2027
3905528      3905528AD    DJORDJEVIC   429 MYRTLE AVENUE             FORT LEE        NJ            7024    2-4 UNITS    09/01/2027
3905536      3905536AD    BURBANK      2231 HARWINTON PLACE          HOFFMAN EST     IL           60194    SFR          09/01/2027
3907763      3907763AD    DIX          45 AUDUBON                    ST. CHARLES     MO           63338    SFR          08/01/2027
3907797      3907797AD    LOGGINS      4424 GRACE AVENUE             ST. LOUIS       MO           63116    SFR          09/01/2027
3907805      3907805AD    CALDERA      4449 S. SPRING AVENUE         ST. LOUIS       MO           63116    SFR          09/01/2027
3907847      3907847AD    STEPHENS     3926-3926A NORTH 19TH PLAC    MILWAUKEE       WI           53216    2-4 UNITS    09/01/2027
3907854      3907854AD    MILLER       2958 SOUTH RIMPAU BOULEVAR    LOS ANGELES     CA           90016    SFR          09/01/2027
3907870      3907870AD    ARRUDA       2016 SWEETBRIER STREET        PALMDALE        CA           93550    SFR          09/01/2027
<CAPTION>
 SERVICER         09/01/97       CURRENT    CURRENT        OCCUPANCY   ORIGINAL                                              DUE
LOAN NUMBER  SCHEDULED BALANCE    RATE    P&I PAYMENT  LTV  STATUS      TERM    SERVICER  ORIGINATOR                         DATE
- -----------  -----------------   -------  -----------  ---  ------      ----    --------  ----------                         ----
<C>            <C>             <C>        <C>        <C>     <C>         <C>     <C>       <C>                             <C>
3898178         37,800.00      14.63        466.8      70    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3898194        350,000.00       9.49      2940.44      70    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3898202         77,600.00       9.55       655.34      80    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3898236         50,325.00      11.53       499.52      55    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3898244         49,300.00       11.4       484.46      85    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3898251         25,500.00      11.23       247.28      75    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3900917         65,789.32       14.5       805.76      70    OWNER       360     ADVANTA   CAPITAL LENDERS FUNDING         09/01/97
3900974         35,000.00      11.58       348.74      70    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3900982        104,000.00       9.88       903.47      80    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3900990        183,000.00       10.3      1646.67      60    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3901030         75,000.00       9.25       617.01   34.09    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3901055        145,000.00      10.65      1342.66   74.36    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3901071        134,910.00       9.75      1159.09      90    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3901089         76,800.00       8.05       566.21      80    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3901113         90,500.00      14.63      1117.59   69.62    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3901139        130,400.00       7.98       955.01      80    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3901147         63,900.00      10.13       566.92      90    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3901188         63,750.00      10.23       570.32      85    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3901212         40,300.00      10.51       368.94      65    NON OWNER   360     ADVANTA   AMRESCO                         10/01/97
3901220         51,300.00      10.75       478.88      90    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3901238         37,030.00      10.95       351.25    70.8    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3901279         77,925.00      13.08       866.88      75    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3905064         91,800.00      10.68       852.11      85    OWNER       360     ADVANTA   MINNESOTA FUNDING AND MORTGAGE  10/01/97
3905072         69,000.00      12.58       740.69      60    NON OWNER   360     ADVANTA   MINNESOTA FUNDING AND MORTGAGE  10/01/97
3905080         67,500.00     11.245       655.35      75    OWNER       360     ADVANTA   MINNESOTA FUNDING AND MORTGAGE  10/01/97
3905098        120,510.00      10.75      1124.94      90    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3905155         39,000.00      10.58       359.08      75    NON OWNER   360     ADVANTA   AMRESCO                         10/01/97
3905163         33,600.00      10.43        305.6      80    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3905171         71,250.00       9.77       613.19      75    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3905189         29,575.00      14.38       359.34      65    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3905205         43,550.00         11       414.74      65    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3905213         67,600.00      11.01       644.28      80    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3905247         31,500.00      10.05        277.6      45    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3905254         59,130.00       11.3       576.55      73    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3905262        153,000.00       8.43      1168.86   64.56    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3905312         25,200.00       9.95       220.22      70    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3905338        176,250.00        8.5      1355.21   61.84    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3905361        150,000.00         11      1428.49      75    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3905379         32,000.00        9.5       269.07   71.11    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3905395         90,400.00      10.55       830.31      80    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3905403         70,000.00       7.89       508.28   54.26    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3905452         63,000.00      10.75       588.09      90    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3905478         73,525.00       11.4       722.51      85    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3905494         65,600.00      10.85        617.3   79.04    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3905528        194,250.00      10.68      1803.07      75    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3905536         66,800.00      10.18       595.12   79.98    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3907763        167,074.47        9.9      1454.52      75    OWNER       360     ADVANTA   EDGE MORTGAGE SERVICES          09/01/97
3907797         31,500.00      11.85       320.38      70    OWNER       360     ADVANTA   DOERING MORTGAGE CORPORATION    10/01/97
3907805         51,600.00         13        570.8      80    OWNER       360     ADVANTA   DOERING MORTGAGE CORPORATION    10/01/97
3907847         27,300.00      12.25       286.08      65    NON OWNER   360     ADVANTA   AMRESCO                         10/01/97
3907854         63,700.00       8.74       500.67      70    OWNER       360     ADVANTA   AMRESCO                         10/01/97
3907870         31,300.00       9.37       260.22   74.95    NON OWNER   360     ADVANTA   AMRESCO                         10/01/97
</TABLE>


                                    Page 6
<PAGE>   17

AMRESCO MORTGAGE LOAN SCHEDULE
1997-3 PREFUND 1 GROUP 2 ADJUSTABLE RATE LOANS


<TABLE>
<CAPTION>
SERVICER    AMRESCO                                                                                                            
 LOAN        LOAN        LAST                                                                   ZIP    PROPERTY      MATURITY  
 NUMBER     NUMBER       NAME              ADDRESS                       CITY          STATE    CODE   TYPE            DATE    
 -------   ---------    -------       -------------------------       ---------         ---     -----  ----         ---------- 
<S>       <C>        <C>             <C>                             <C>             <C>          <C>   <C>         <C>
3907888   3907888AD  KIM             1162 KALUANUI ROAD              HONOLULU        HI           96825 SFR         09/01/2027  
3907896   3907896AD  KIRK            720 16TH STREET                 DENVER          CO           80202 CONDO       09/01/2027  
3907938   3907938AD  TOLSON          3218 WILLOWBROOK AVENUE         PALMDALE        CA           93552 SFR         09/01/2027  
3907946   3907946AD  ADEN            312 EAST 4TH                    HUTCHINSON      KS           67501 SFR         09/01/2027  
3907953   3907953AD  BIRD            81 LIBERTY ROAD                 BERNARDSVIL     NJ            7924 SFR         09/01/2027  
3907979   3907979AD  WILLIAMS        1412 PLAIN AVENUE NORTHEAS      CANTON          OH           44714 SFR         09/01/2027  
3907987   3907987AD  JUDD            4359 SOUTH TRENTON              TULSA           OK           74105 SFR         09/01/2027  
3907995   3907995AD  BRIGNOLO        157 SABAL LAKE DRIVE            NAPLES          FL           34102 SFR         09/01/2027  
3908027   3908027AD  PADULA          9129 SOUTH MAYFIELD             OAK LAWN        IL           60453 SFR         09/01/2027  
3908035   3908035AD  LEWIS           2413 WAITE STREET               GARY            IN           46404 SFR         09/01/2027  
3908043   3908043AD  PAZOS           7141 SOUTHWEST 4TH STREET       MIAMI           FL           33144 SFR         09/01/2027  
3908068   3908068AD  JOHNSON         4175 NORTH 22ND STREET          MILWAUKEE       WI           53209 SFR         09/01/2012  
3908076   3908076AD  MULLEN          821 WEST 30TH STREET            HOUSTON         TX           77018 SFR         09/01/2027  
3908084   3908084AD  MULL            51315 SOUTHEAST CHERRYVILL      SANDY           OR           97055 SFR         09/01/2027  
3908092   3908092AD  COLVILLE        30 KENWOOD AVENUE               PITTSBURGH      PA           15214 SFR         09/01/2027  
3908100   3908100AD  ROBERTS         1929 NORTH CAPITOL STREET       WASHINGTON      DC           20002 SFR         09/01/2027  
3908118   3908118AD  WOOLF           860 ISOLA WAY                   UKIAH           CA           94582 SFR         09/01/2027  
3908126   3908126AD  YOUNG           112 STRATFORD AVENUE            PITTSBURGH      PA           15206 SFR         09/01/2027  
3908134   3908134AD  YARBROUGH       957 OLD ROUTE 41 FRONTAGE       MORIARITY       NM           87035 SFR         09/01/2027  
3908142   3908142AD  RASE            7965 LOWELL BLVD                WESTMINSTER     CO           80030 SFR         09/01/2027  
3908159   3908159AD  BARNETT JR.     28572 WILLIAMS CANYON ROAD      ORANGE          CA           92867 SFR         10/01/2027  
3908183   3908183AD  DANKERT         #26 1ST STREET                  CAPITAN ARE     NM           88316 SFR         09/01/2027  
3908209   3908209AD  PAULO           91-1145 HAIANO PLACE            EWA BEACH       HI           96706 SFR         09/01/2027  
3908225   3908225AD  BROWN           400 PARK AVENUE                 CALUMET CIT     IL           60649 CONDO       09/01/2027  
3908233   3908233AD  MYERS           2150 REDWOOD DRIVE              MATTHEWS        NC           28105 SFR         09/01/2027  
3908241   3908241AD  HAMILTON        411 LINDSEY STREET              NEWPORT         KY           41071 SFR         09/01/2012  
3908761   3908761AD  CARR            116 GROVE PARK LANE             SAN MATEO       FL           32187 SFR         08/01/2027  
3908795   3908795AD  BUCHANAN        602 TATE ROAD                   BOLIVAR         TN           38008 SFR         08/01/2027  
3909389   3909389AD  GARDINER        641 BAY DRIVE                   NEW SMYRNA      FL           32168 SFR         08/01/2027  
3909520   3909520AD  LATHON          42212 SE 166TH PLACE            NORTH BEND      WA           98045 SFR         08/01/2027  
3909587   3909587AD  SEWARD          1684 WHITMAN STREET             JACKSONVILL     FL           32210 SFR         08/01/2027  
3909868   3909868AD  CHRISTMAN       318 SOUTH MAIN STREET           HATFIELD        PA           19440 SFR         08/01/2027  
3916442   3916442AD  WILSON          2500 OPAL LANE                  TROY            MO           63379 SFR         08/01/2027  
3916475   3916475AD  EDLUND          2419 110TH AVENUE               BRAHAM          MN           55006 SFR         09/01/2027  
3916483   3916483AD  STEPHENS        3600 WEST MELVINA               MILWAUKEE       WI           53216 SFR         09/01/2012  
3916509   3916509AD  STILES          ROUTE 1 BOX 215                 BRANCH          AR           72928 SFR         09/01/2027  
3916533   3916533AD  LITTLE          174 FENTON AVENUE               MOLALLA         OR           97038 SFR         09/01/2027  
3916582   3916582AD  LEWIS           2962 WEST SHADOWPARK  DR.       WEST VALLEY     UT           84119 SFR         09/01/2027  
3916608   3916608AD  LORENZO         LOT #43 PAAUILO MAUKA CAMP      PAAUILO         HI           96776 SFR         09/01/2027  
3916616   3916616AD  CLARK           98 TAYLOR HILL LANE             AFTON           VA           22920 SFR         09/01/2027  
3916640   3916640AD  BAKER           1624 KAWELOKA STREET            PEARL CITY      HI           96782 SFR         09/01/2027  
3916681   3916681AD  ENGAR           3720 SOUTH 500 EAST             SALT LAKE C     UT           84106 CONDO       09/01/2027  
3916699   3916699AD  FULMER          3243 NORTH 49TH STREET          LINCOLN         NE           68504 SFR         09/01/2027  
3916707   3916707AD  FAYARD          528 MEADOW LANE                 WAVELAND        MS           39576 SFR         09/01/2027  
3916715   3916715AD  GILLESPIE       5915 CHANDLER STREET            CINCINNATI      OH           45227 SFR         09/01/2027  
3916731   3916731AD  CHACKEY         8518 COMOLETTE STREET           DOWNEY          CA           90242 SFR         09/01/2027  
3916749   3916749AD  BEDILLION       52 EAST MAIN STREET             W. MIDDLETO     PA           15379 SFR         09/01/2027  
3916756   3916756AD  FLAIZ           330 SUNRISE CIRCLE              VISTA           CA           92084 SFR         09/01/2027  
3916764   3916764AD  WARRIX          387 DRIES STREET                SAUKVILLE       WI           53080 CONDO       09/01/2027  
3916772   3916772AD  HENDERSON       228 MILLWOOD AVENUE             CHESAPEAKE      VA           23320 SFR         09/01/2027  
3916780   3916780AD  BENOIT          1410 LAMESA DRIVE               CONROE          TX           77384 SFR         09/01/2027  
3916806   3916806AD  WHITE           13512 REDWOOD                   OMAHA           NE           68138 SFR         09/01/2027  
                                                                                                                                
                                                                                                                                
<CAPTION>                                                                                                                       
SERVICER    9/1/97
 LOAN       SCHEDULE     CURRENT   CURRENT                OCCUPANCY    ORIGINAL                                            DUE
 NUMBER     BALANCE       RATE   P&I PAYMENT      LTV      STATUS        TERM  SERVICER  ORIGINATOR                        DATE 
 -------   ----------    ------  -----------     ----     ---------      ----  --------  ----------                      --------
<S>        <C>           <C>       <C>          <C>         <C>          <C>   <C>       <C>                             <C>
3907888    352,000.00       9.3      2908.58       80       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3907896     77,000.00      14.5       942.91       70       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3907938     90,320.00    10.725       841.42       80       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3907946     19,200.00     10.02       168.78       60       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3907953     71,000.00      9.38        590.8    43.56       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3907979     43,400.00     13.75       505.66       70       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3907987     90,000.00       9.6       763.34    64.29       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3907995    108,750.00     10.15       966.44       75       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3908027    102,400.00      9.88       889.57       80       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3908035     53,550.00     13.75       623.92       70       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3908043    112,500.00       9.4       937.76       75       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3908068     21,500.00      9.93       230.12       50       OWNER        180   ADVANTA   AMRESCO                         10/01/97
3908076     75,600.00     10.35       683.08       80       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3908084    151,500.00       9.8      1307.19    75.75       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3908092     21,140.00     10.83       198.61       70       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3908100     85,400.00     10.63        789.5       70       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3908118    172,800.00     10.75      1613.06       90       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3908126     60,900.00     13.08       677.49       70       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3908134     75,000.00      9.13        610.5    67.87       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3908142     52,000.00      9.54       438.76    57.78       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3908159    225,000.00      9.25      1851.02       75       OWNER        360   ADVANTA   AMRESCO                         11/01/97
3908183     30,400.00     11.23        294.8       80       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3908209    153,000.00      9.75      1314.51       90       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3908225     46,900.00     11.26       455.88       70       NON OWNER    360   ADVANTA   AMRESCO                         10/01/97
3908233    126,650.00       9.9       1102.1       85       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3908241     20,800.00        11       236.41       80       OWNER        180   ADVANTA   AMRESCO                         10/01/97
3908761     70,965.44      9.55        599.6    77.17       OWNER        360   ADVANTA   UNITED LENDING                  09/01/97
3908795     62,379.84     11.45       615.56       80       OWNER        360   ADVANTA   UNITED LENDING                  09/01/97
3909389     69,971.51     10.39       634.57    53.03       OWNER        360   ADVANTA   UNITED LENDING                  09/01/97
3909520    128,288.84      9.65      1093.31       85       OWNER        360   ADVANTA   UNITED LENDING                  09/01/97
3909587     59,481.81      11.7       598.32     63.3       OWNER        360   ADVANTA   UNITED LENDING                  09/01/97
3909868     89,947.14      8.65       701.61       75       OWNER        360   ADVANTA   UNITED LENDING                  09/01/97
3916442    135,834.97      9.63      1155.63       90       OWNER        360   ADVANTA   EDGE MORTGAGE SERVICES          09/01/97
3916475     70,000.00      10.6       645.56       80       OWNER        360   ADVANTA   MINNESOTA FUNDING AND MORTGAGE  10/01/97
3916483     19,500.00     14.88       271.32       75       NON OWNER    180   ADVANTA   AMRESCO                         10/01/97
3916509     37,400.00        13       413.72       55       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3916533     48,500.00         9       390.24    37.89       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3916582     88,200.00      9.93       769.46       70       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3916608     52,500.00       9.8       452.99       70       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3916616     61,200.00     11.03       584.21       85       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3916640    280,000.00       9.8      2415.92       80       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3916681     88,800.00      9.15       724.11       80       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3916699     52,500.00     11.35        513.9       75       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3916707     46,200.00        14       547.41       70       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3916715     36,400.00      11.7       366.03       70       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3916731     50,000.00     10.88       471.63    35.21       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3916749     57,448.00     11.93       587.82     76.6       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3916756    255,000.00      8.99      2049.95    89.47       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3916764     70,425.00     10.88        664.3    74.92       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3916772     67,730.00     10.88       638.87       65       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3916780    107,000.00      12.1      1108.86    74.98       OWNER        360   ADVANTA   AMRESCO                         10/01/97
3916806     79,050.00     10.65       731.98       85       OWNER        360   ADVANTA   AMRESCO                         10/01/97
</TABLE> 


                                       7



<PAGE>   18
AMRESCO MORTGAGE LOAN SCHEDULE
1997-3 PREFUND 1 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>
3916822     3916822AD   RAYBURN      5 NORMAN AVENUE                 GLOUCESTER      MA            1930     SFR         09/01/2027
3916848     3916848AD   ACTON        1413 WILLCOXEN                  JEFFERSON C     MO           65101     SFR         09/01/2027
3916855     3916855AD   GAMEZ        823 SOUTH RALEIGH STREET        DENVER          CO           80219     SFR         09/01/2027
3916897     3916897AD   KIROVAC      1111-D WATSON STREET            KEY WEST        FL           33040     SFR         09/01/2027
3916905     3916905AD   KIERNAN      95 OLD CLOVE ROAD               WANTAGE         NJ            7461     SFR         09/01/2027
3916913     3916913AD   HEATH        41 WEST SPRAGUE STREET          WINSTON SAL     NC           27107     SFR         09/01/2027
3916921     3916921AD   KOLKMAN      830 WEST DUPONT ROAD            FORT WAYNE      IN           46825     SFR         09/01/2027
3919040     3919040AD   HALL         1305  ZOLLARS AVENUE            FORT WAYNE      IN           46802     2-4 UNITS   07/01/2027
3923125     3923125AD   KAMEN        1305 CHEYENNE DRIVE             RICHARDSON      TX           75080     SFR         09/01/2027
3923133     3923133AD   NGUYEN       2822 HACKBERRY LANE             GARLAND         TX           75042     SFR         09/01/2027
3923158     3923158AD   EARL         8550 NORMILE STREET             DETROIT         MI           48204     SFR         09/01/2027
3923174     3923174AD   FRIDAY       2070 EAST LYNCHES RIVER RO      TIMMONSVILL     SC           29161     SFR         09/01/2027
3923216     3923216AD   CARDOZA      LOT # 13 PAAUILO CAMP           PAAUILO         HI           96776     SFR         09/01/2027
3923224     3923224AD   HALLETT      2850 SOUTH 9100 WEST            MAGNA           UT           84044     SFR         09/01/2027
3923257     3923257AD   BALAS        20155 BRYANT STREET             CANOGA PARK     CA           91306     SFR         09/01/2027
3923273     3923273AD   ARMENDARIZ   26801 ADELL STREET              MADERA          CA           93638     SFR         09/01/2027
3923281     3923281AD   JONES        1421 10TH AVENUE EAST           BRADENTON       FL           34208     SFR         09/01/2027
3923307     3923307AD   BROWN        906 EAST RIALTO AVENUE          SAN BERNARD     CA           92408     SFR         09/01/2027
3923331     3923331AD   LUND         4950 LOWER HONOAPIILANI RO      LAHAINA         HI           96761     SFR         09/01/2027
3923406     3923406AD   BLOMME       3630  EAVENUENORTHWEST          CEDAR RAPID     IA           52405     SFR         09/01/2027
3923414     3923414AD   BEDILLION    54 EAST MAIN STREET             WEST MIDDLE     PA           15379     SFR         09/01/2027
3923422     3923422AD   BROWN        271 SIMMEMON ROAD               ALTO            GA           30510     SFR         09/01/2027
3923430     3923430AD   DICARLO      13 EAST PARKWAY AVENUE          CHESTER         PA           19013     SFR         09/01/2027
3923455     3923455AD   OGUNRINDE    256 VICTORIA AVENUE             CHARLOTTE       NC           28202     SFR         09/01/2027
3923463     3923463AD   GOLDEN       211 BUTTE LANE                  CARPENTERSV     IL           60110     SFR         09/01/2027
3923489     3923489AD   BLACKWELL    4444 LOS SERRANOS BOULEVAR      CHINO HILLS     CA           91709     SFR         09/01/2027
3923497     3923497AD   WILLIAMS     4449 INDIAN TRACE ROAD          ALEXANDRIA      KY           41001     SFR         09/01/2027
3923505     3923505AD   WALLACE      2420 SOUTH 10TH AVENUE          BROADVIEW       IL           60153     SFR         09/01/2027
3923547     3923547AD   SULLIVAN     1155 CLIFTON AVENUE             AKRON           OH           44310     SFR         09/01/2027
3923562     3923562AD   OCONNELL     72 LAKEVIEW VILLAGE             MONTGOMERY      TX           77356     SFR         09/01/2027
3923570     3923570AD   WALKER       115 HALLVILLE RD                EXETER          RI            2822     SFR         09/01/2027
3923596     3923596AD   LARSON       387 DRIES STREET                SAUKVILLE       WI           53080     CONDO       09/01/2027
3923620     3923620AD   HERCHER      2231 NORTH FARMER               SPRINGFIELD     MO           65803     SFR         09/01/2027
3923638     3923638AD   MCKINNIES    151 SALA  AVENUE                WESTWEGO        LA           70094     SFR         09/01/2027
3923646     3923646AD   MERSON       41 NORTH STREET                 OLD BRIDGE      NJ            8857     SFR         09/01/2027
3923661     3923661AD   DAVIS        22 LAKEVIEW                     MARBLE FALL     TX           78611     SFR         09/01/2027
3924438     3924438AD   JOHNSON      3801 NE 19TH AVENUE             AMARILLO        TX           79107     SFR         08/01/2027
3924495     3924495AD   DRAGNER      22161 BIANCO                    LAGUNA HILL     CA           92653     SFR         08/01/2027
3924651     3924651AD   MADORE       8 WAUKEWAN STREET               MEREDITH        NH            3253     SFR         08/01/2027
3924685     3924685AD   MCLEOD       13982 MANGO DRIVE               DEL MAR         CA           92014     SFR         08/01/2027
3924719     3924719AD   WARD         430 EAST ANTELOPE DRIVE         LAYTON          UT           84041     SFR         08/01/2027
3924743     3924743AD   SIQUEIRA     20015 NE 14TH COURT             MIAMI           FL           33179     SFR         08/01/2027
3924826     3924826AD   GARDINA      1475 SOUTH QUEBEC WAY #A-1      DENVER          CO           80231     TOWNHOUSE   08/01/2027
3925054     3925054AD   HORNBECK     602 47TH STREET SOUTHEAST       AUBURN          WA           98092     SFR         08/01/2027
3925245     3925245AD   LECHKO       6270 NORWOOD LANE               MAPLE GROVE     MN           55369     SFR         08/01/2027
3925948     3925948AD   EDWARDS      277 S. MONROE AVENUE            COLUMBUS        OH           43205     SFR         08/01/2027
3926060     3926060AD   EROMIN       13 WAVERLY ROAD                 WOBURN          MA            1801     SFR         08/01/2027
3926417     3926417AD   BUTARELLI    704 84TH STREET                 MIAMI BEACH     FL           33141     CONDO       08/01/2027
3926425     3926425AD   HANSEN       349 EAST 300 NORTH              ALPINE          UT           84004     SFR         08/01/2027
3926433     3926433AD   GAMEZ        3611 WEST 2ND COURT             HIALEAH         FL           33012     SFR         08/01/2027
3928058     3928058AD   GORECKI      1505 HAZEL STREET               BALTIMORE       MD           21228     2-4 UNITS   08/01/2027
3928066     3928066AD   VAUGHN       4941 ST. LOUIS AVENUE           ST. LOUIS       MO           63115     2-4 UNITS   08/01/2027


<CAPTION>
 SERVICER       09/01/97        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>
3916822       148,750.00       10.9      1405.35        85    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3916848        48,300.00       9.75       414.97        70    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3916855        52,500.00         15       663.83        70    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3916897       156,000.00      11.13      1500.97        80    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3916905       100,800.00       9.53       849.79        80    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3916913        76,800.00      10.73       715.76        80    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3916921       123,750.00      10.25      1108.93        90    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3919040        23,774.43        9.1       193.22        70    NON OWNER    360    ADVANTA    BNC                           09/01/97
3923125        29,650.00       9.54       250.18     24.71    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923133        58,500.00      10.75       546.09        90    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923158        42,000.00         15       531.07        60    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923174        55,300.00      14.38        671.9        70    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923216        59,500.00        9.8       513.38        70    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923224        38,500.00       15.5       502.24        70    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923257       172,000.00       9.13      1400.07        80    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923273        45,000.00      12.35       475.03        75    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923281        72,000.00         10       631.85        90    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923307        74,400.00      10.25        666.7        80    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923331       472,000.00       9.15      3848.87        80    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923406        48,300.00      12.58       518.49        70    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923414        23,005.00      11.01       219.26     65.73    NON OWNER    360    ADVANTA    AMRESCO                       10/01/97
3923422        52,000.00      11.25       505.06        65    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923430        50,000.00       9.88       434.36     56.18    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923455        73,060.00      11.88       744.76        65    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923463        68,600.00      15.13       874.54        70    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923489        73,500.00       8.38       558.91        70    NON OWNER    360    ADVANTA    AMRESCO                       10/01/97
3923497       120,000.00      10.85      1129.21        75    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923505        77,000.00      12.88       844.56      62.6    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923547        35,000.00       9.29       288.95     59.32    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923562       103,900.00      10.88       980.05     79.98    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923570       143,200.00      11.18      1383.24        80    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923596        75,120.00      10.76        701.8        80    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923620        35,250.00      10.53       323.24        75    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923638        28,500.00      10.12       252.64        75    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923646       153,230.00      10.06       1351.5        70    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3923661       176,000.00       10.3      1583.68        80    OWNER        360    ADVANTA    AMRESCO                       10/01/97
3924438        13,492.45      8.885       107.51     57.45    OWNER        360    ADVANTA    FIRST COLONY FINANCIAL GROUP  09/01/97
3924495       163,729.30     10.115       1451.4        90    OWNER        360    ADVANTA    FIRST COLONY FINANCIAL GROUP  09/01/97
3924651        63,974.57       10.5       585.43     71.11    OWNER        360    ADVANTA    FIRST COLONY FINANCIAL GROUP  09/01/97
3924685       223,430.52     11.625      2234.64        75    OWNER        360    ADVANTA    FIRST COLONY FINANCIAL GROUP  09/01/97
3924719        95,215.10     10.875        898.1        75    OWNER        360    ADVANTA    FIRST COLONY FINANCIAL GROUP  09/01/97
3924743       109,311.97     11.115      1050.88        90    OWNER        360    ADVANTA    FIRST COLONY FINANCIAL GROUP  09/01/97
3924826        54,969.96          9       442.54     56.12    OWNER        360    ADVANTA    FIRST COLONY FINANCIAL GROUP  09/01/97
3925054       159,923.35      9.625      1359.98     71.11    OWNER        360    ADVANTA    FIRST COLONY FINANCIAL GROUP  09/01/97
3925245       127,944.87     10.125      1135.13        80    OWNER        360    ADVANTA    FIRST COLONY FINANCIAL GROUP  09/01/97
3925948        46,484.27      11.24       451.28        75    OWNER        360    ADVANTA    FIRST COLONY FINANCIAL GROUP  09/01/97
3926060       181,723.60      10.24      1627.76        90    OWNER        360    ADVANTA    FIRST COLONY FINANCIAL GROUP  09/01/97
3926417       111,560.12      10.99      1061.95        90    OWNER        360    ADVANTA    FIRST COLONY FINANCIAL GROUP  09/01/97
3926425       119,953.58     10.625      1108.92        80    OWNER        360    ADVANTA    FIRST COLONY FINANCIAL GROUP  09/01/97
3926433       109,966.73      11.75      1110.35     68.75    OWNER        360    ADVANTA    FIRST COLONY FINANCIAL GROUP  09/01/97
3928058        65,985.41      13.15       737.84        75    OWNER        360    ADVANTA    HOME MORTGAGEE CORPORATION    09/01/97
3928066        41,991.81       13.7       487.69        70    OWNER        360    ADVANTA    DOERING MORTGAGE CORPORATION  09/01/97
</TABLE>


                                      8
<PAGE>   19

AMRESCO MORTGAGE LOAN SCHEDULE
1997-3 PREFUND 1 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>       
3928116       3928116AD     KHOULI       1030 EAST WASHINGTON AVENU      ESCONDIDO       CA       92025     CONDO       09/01/2027
3928140       3928140AD     PHAM         4 CEDARGLEN                     IRVINE          CA       92604     CONDO       09/01/2027
3928181       3928181AD     SHIN         500 UNIVERSITY AVE              HONOLULU        HI       96826     CONDO       09/01/2027
3928199       3928199AD     RONALLO      369 PINE HOLLOW RD              LEVEL GREEN     PA       15085     SFR         09/01/2027
3928207       3928207AD     HUDSON       213 INDERRIEDEN  ROAD           CHANDLER        IN       47610     SFR         09/01/2027
3928249       3928249AD     MONROE       404 EAST ILLINOIS STREET        EVANSVILLE      IN       47711     SFR         09/01/2027
3928298       3928298AD     SMITH        155 TARA HILLS                  WHITTIER        NC       28789     SFR         09/01/2027
3928314       3928314AD     HORN         1772 WEILER AVE.                COLUMBUS        OH       43207     SFR         09/01/2027
3928322       3928322AD     DANDREA      513 ASPEN STREET                PITTSBURGH      PA       15224     SFR         09/01/2027
3928348       3928348AD     JONES        1036 US HIGHWAY NO. 127         NO. PALM BE     FL       33408     CONDO       09/01/2027
3928363       3928363AD     HERCHER      2131 NORTH PICKWICK             SPRINGFIELD     MO       65803     SFR         09/01/2027
3928371       3928371AD     JACOBS       18336 LINCOLNSHIRE STREET       SAN DIEGO       CA       92128     SFR         09/01/2027
3928389       3928389AD     SATTERFIELD  5824 SOUTH WABASH               CHICAGO         IL       60637     2-4 UNITS   09/01/2027
3928413       3928413AD     ROJAS        2523 ARROWHEAD DRIVE            LANGHORNE       PA       19047     SFR         09/01/2027
3928447       3928447AD     EVANS        ROUTE 5 BOX 190                 FAYETTEVILL     NC       28301     SFR         09/01/2027
3928454       3928454AD     GEORGE       9844 BREEDEN DRIVE              BATON ROGUE     LA       70811     SFR         09/01/2027

            TOTAL      432                 

<CAPTION>
 SERVICER             09/01/97        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>     
3928116               37,932.00         8.77       298.95        75    OWNER           360       ADVANTA       AMRESCO    10/01/97
3928140              102,400.00          9.8       883.54        80    OWNER           360       ADVANTA       AMRESCO    10/01/97
3928181              140,000.00         9.55      1182.31        70    OWNER           360       ADVANTA       AMRESCO    10/01/97
3928199               93,750.00        11.43       923.39        75    OWNER           360       ADVANTA       AMRESCO    10/01/97
3928207               40,000.00           11       380.93        80    OWNER           360       ADVANTA       AMRESCO    10/01/97
3928249               19,250.00         11.7       193.57        70    OWNER           360       ADVANTA       AMRESCO    10/01/97
3928298               50,250.00        10.93       475.89        75    OWNER           360       ADVANTA       AMRESCO    10/01/97
3928314               40,200.00         11.4       395.03        60    OWNER           360       ADVANTA       AMRESCO    10/01/97
3928322               56,000.00        14.63       691.55        70    OWNER           360       ADVANTA       AMRESCO    10/01/97
3928348               90,950.00       11.375       892.01        85    OWNER           360       ADVANTA       AMRESCO    10/01/97
3928363               51,500.00        10.65       476.88     83.74    OWNER           360       ADVANTA       AMRESCO    10/01/97
3928371              212,500.00        10.25      1904.22        85    OWNER           360       ADVANTA       AMRESCO    10/01/97
3928389               84,500.00        11.05       807.91        65    NON OWNER       360       ADVANTA       AMRESCO    10/01/97
3928413              123,750.00         9.53      1043.27        75    OWNER           360       ADVANTA       AMRESCO    10/01/97
3928447               35,400.00        11.81       358.96        60    NON OWNER       360       ADVANTA       AMRESCO    10/01/97
3928454               51,350.00          9.1       416.87        65    OWNER           360       ADVANTA       AMRESCO    10/01/97

         TOTAL   $38,586,161.87
</TABLE>




                                    Page 9

<PAGE>   1
                                                                    EXHIBIT 10.2



                         SUBSEQUENT TRANSFER AGREEMENT

         AMRESCO Residential Securities Corporation (the "Depositor"), AMRESCO
Residential Capital Markets, Inc. (the "Seller"), and AMRESCO Residential
Securities Corporation Mortgage Loan Trust 1997-3 (the "Purchaser") pursuant to
the Pooling and Servicing Agreement dated as of September 1, 1997 among the
Depositor, the Seller, Option One Mortgage Corporation, Long Beach 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 Subsequent Mortgage Loans (the "Subsequent Mortgage Loans") listed on the
attached Schedules of Subsequent Mortgage Loans.

         Conveyance of Subsequent Mortgage Loans. As of September 30, 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 September 1, 1997, (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.

         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, pursuant to this Subsequent Transfer Agreement
which shall include $3,868,685.00 of the Subsequent Mortgage Loans listed in
Schedule I-A hereto in Group I and $45,395,806.74 of the Subsequent Mortgage
Loans listed in Schedule I-B hereto in Group II.


<PAGE>   2



         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 Cott
                                   ---------------------------------------
                               Name: Janice Cott
                                     -------------------------------------
                               Title: Vice President
                                      ------------------------------------


                               AMRESCO RESIDENTIAL CAPITAL MARKETS, INC.
                               as Seller



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


                               AMRESCO RESIDENTIAL SECURITIES CORPORATION
                               MORTGAGE LOAN TRUST 1997-3,

                               by The Bank of New York as Trustee



                               By: /s/ Frank Austin
                                   ---------------------------------------
                               Name: Frank Austin
                                     -------------------------------------
                               Title:
                                      ------------------------------------

Dated: September 30, 1997



<PAGE>   3
<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>    
        3877123 3877123AD      BECK           1424 GROTHE STREET            JACKSONVILL  FL       32218 SFR              9/1/12 
        3879509 3879509AD      BUTLER         1028 PARKWOOD                 FLINT        MI       48507 SFR              9/1/27 
        3923166 3923166AD      LAZO           7079 WOODMORE OAKS DRIVE      CITRUS HEIG  CA       95610 SFR              9/1/27 
        3928074 3928074AD      NUNEZ          522 ST. CHARLES STREET        SAN ANTONIO  TX       78202 SFR              9/1/27 
        3928223 3928223AD      LEE            747 AMANA STREET              HONOLULU     HI       96814 CONDO            9/1/27 
        3932324 3932324AD      DADE           9619 PARTRIDGE LOOP           LAREDO       TX       78045 SFR              9/1/27 
        3932373 3932373AD      DAHL           6766 52ND STREET              SACRAMENTO   CA       95823 SFR              9/1/12 
        3932381 3932381AD      HAMMONS        6833 6TH ST                   RIO LINDA    CA       94673 SFR              9/1/27 
        3932399 3932399AD      PORJES         95-2051 WAIKALANI PLACE       MILILANI     HI       96789 CONDO            9/1/27 
        3932522 3932522AD      MCKEAND        5840 JUDACO DRIVE             INDIANAPOLI  IN       46227 SFR              9/1/27 
        3932720 3932720AD      GREER          137 N. RUBY STREET            PHILADELPHI  PA       19139 SFR              9/1/27 
        3940905 3940905AD      MIGUEL         LOT #28 PAAUHAU CAMP          FAAUHAU      HI       96775 SFR              9/1/27 
        3940913 3940913AD      WARD           4873 BIRMINGHAM DRIVE         SAN JOSE     CA       95136 SFR              9/1/27 
        3941002 3941002AD      BARNES         2931 FREEBORN STREET          DUARTE       CA       91010 SFR              9/1/27 
        3941093 3941093AD      AKERS          271 KNOX STREET               COSTA MESA   CA       92627 SFR              9/1/27 
        3941325 3941325AD      STEWART        3677-3681 EAST HANCOCK        DETROIT      MI       48207 2-4 UNITS        9/1/12 
        3941481 3941481AD      VAMANRAV       11160 GREVILLEA AVENUE        LENNOX       CA       90304 SFR              9/1/27 
        3941960 3941960AD      KOZHUSKO       77 INTERLAKEN ROAD            ORLANDO      FL       32804 SFR              9/1/27 
        3941994 3941994AD      HOLLEY         8026 HERTFORDSHIRE CIRCLE     SPRING       TX       77379 SFR              9/1/27 
        3943289 3943289AD      MIRANDA        3554 LE BLANC STREET          SAN ANTONIO  TX       78247 SFR             10/1/12 
        3943313 3943313AD      HAMRAH         8121 GLEN CREEK WAY           CITRUS HEIG  CA       95610 SFR              9/1/12 
        3943347 3943347AD      AMBROSE        920 OAK STREET                BRENTWOOD    CA       94513 SFR              9/1/27 
        3943420 3943420AD      RAMOS          11260 SOUTHWEST 180TH STRE    MIAMI        FL       33157 SFR              9/1/12 
        3943487 3943487AD      SMITH          1210 YEADON ROAD              CHESAPEAKE   VA       23324 SFR             10/1/27 
        3943503 3943503AD      ADAMS          1540 SOUTH CHELAN STREET      WENATCHEE    WA       98801 SFR             10/1/12 
        3943586 3943586AD      BLAKE          795 OMEGA STREET              HOT SPRINGS  AR       71901 SFR             10/1/12 
        3943727 3943727AD      OLIVER         1919 W. 10TH PLACE            GARY         IN       46404 SFR             10/1/12 
        3946837 3946837AD      THOMS          7528 WELLS AVENUE             CITRUS HEIG  CA       95610 SFR              9/1/12 
        3946910 3946910AD      MCGIVERN       LOT 5-A-6 HAINA CAMP          HONOKAA      HI       96727 SFR             10/1/27 
        3946969 3946969AD      NYE            1065 SKALKAHO HWY             HAMILTON     MT       59840 SFR             10/1/27 
        3947017 3947017AD      HOUSTON        9041 NORTH EXETER             PORTLAND     OR       97203 SFR             10/1/12 
        3947033 3947033AD      KENNEY         2918 BRIARVALE COURT          ATLANTA      GA       30316 SFR             10/1/12 
        3947041 3947041AD      JOHNSON        10713 NORTH SEMINOLE AVENU    TAMPA        FL       33612 SFR             10/1/27 
        3947058 3947058AD      MCDUFFIE       5822 SOUTHWEST 60TH STREET    MIAMI        FL       33143 SFR             10/1/27 
        3947181 3947181AD      HOWARD         12221-23 SOUTH BROADWAY       LOS ANGELES  CA       90013 2-4 UNITS       10/1/12 
        3947199 3947199AD      HOWARD         3932-34 SOUTH NORMANDIE AV    LOS ANGELES  CA       90011 2-4 UNITS       10/1/12 
        3947223 3947223AD      FALLA          12733 SOUTHWEST 62ND TERRA    MIAMI        FL       33183 SFR              9/1/27 
        3957164 3957164AD      VALDEZ         85-110 MAIUU ROAD             WAIANAE      HI       96792 SFR             10/1/27 
        3957198 3957198AD      BELLENGER      1122 CARBONA STREET           DALLAS       TX       75217 SFR             10/1/27 
       10012656 10012656AD     MCDONALD       6048 OAK PARK DRIVE           BETHEL PARK  PA       15102 SFR             10/1/12 
       10017382 10017382AD     CHEIRS         3848 SCHOOLFIELD ROAD         MEMPHIS      TN       38127 SFR             10/1/27 
       10017390 10017390AD     DRAKE          718 FORBES STREET             NORFOLK      VA       23504 SFR             10/1/27 
       10017408 10017408AD     SCHATZBERG     59-404 MAKANA ROAD            HALEIWA      HI       96712 SFR             10/1/27 
       10017457 10017457AD     BARRETT        213 MAY STREET                FAYETTEVILL  NC       28306 SFR             10/1/27 
       10017614 10017614AD     FERRIN         699 ELAINE ROAD               WHITEHALL    OH       43213 SFR             10/1/27 
       10022465 10022465AD     ZIBRAT         244 YALE AVENUE               WEST VIEW B  PA       15229 SFR             10/1/12 

                TOTAL                      46                                                                                   

</TABLE>

<TABLE>
<CAPTION>
   SERVICER            9/1/97           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>
      3877123                23,100.00     10.33           252.92     60 NON OWNER           180 ADVANTA    AMRESCO       10/1/97
      3879509                48,600.00      12.5           518.69     90 OWNER               360 ADVANTA    AMRESCO       10/1/97
      3923166                40,000.00       7.7           285.18  37.74 OWNER               360 ADVANTA    AMRESCO       10/1/97
      3928074                22,500.00     12.25           235.78     90 OWNER               360 ADVANTA    AMRESCO       10/1/97
      3928223                45,000.00       8.5           346.01  60.81 OWNER               360 ADVANTA    AMRESCO       10/1/97
      3932324                57,300.00      10.6           528.43     75 OWNER               360 ADVANTA    AMRESCO       10/1/97
      3932373                50,000.00      7.95           476.38  53.76 OWNER               180 ADVANTA    AMRESCO       10/1/97
      3932381                71,500.00      9.38           594.96  67.45 OWNER               360 ADVANTA    AMRESCO       10/1/97
      3932399                41,250.00     10.08           364.44     75 NON OWNER           360 ADVANTA    AMRESCO       10/1/97
      3932522               161,600.00      10.7          1502.44     80 OWNER               360 ADVANTA    AMRESCO       10/1/97
      3932720                23,400.00     10.71           217.73     65 OWNER               360 ADVANTA    AMRESCO       10/1/97
      3940905                59,500.00       8.2           444.91     70 OWNER               360 ADVANTA    AMRESCO       10/1/97
      3940913                92,000.00       7.7           655.92  33.45 OWNER               360 ADVANTA    AMRESCO       10/1/97
      3941002                90,000.00      9.45           753.49  53.25 NON OWNER           360 ADVANTA    AMRESCO       10/1/97
      3941093               217,500.00       9.2          1781.44     75 OWNER               360 ADVANTA    AMRESCO       10/1/97
      3941325                15,000.00     10.35           164.42     75 OWNER               180 ADVANTA    AMRESCO       10/1/97
      3941481               114,400.00      10.7          1063.61   82.9 OWNER               360 ADVANTA    AMRESCO       10/1/97
      3941960               347,900.00       9.2          2849.49     70 OWNER               360 ADVANTA    AMRESCO       10/1/97
      3941994               218,400.00      11.6          2179.48     80 OWNER               360 ADVANTA    AMRESCO       10/1/97
      3943289                44,000.00      10.2           478.22  41.51 OWNER               180 ADVANTA    AMRESCO       11/1/97
      3943313                99,000.00      8.85           995.31  86.09 OWNER               180 ADVANTA    AMRESCO       10/1/97
      3943347               127,500.00       9.5          1072.09  85.57 OWNER               360 ADVANTA    AMRESCO       10/1/97
      3943420                75,200.00     10.45           828.93     80 OWNER               180 ADVANTA    AMRESCO       10/1/97
      3943487                37,000.00     11.26           359.65  56.49 OWNER               360 ADVANTA    AMRESCO       11/1/97
      3943503                60,000.00       9.7            633.8   53.1 OWNER               180 ADVANTA    AMRESCO       11/1/97
      3943586                34,400.00     11.45           400.76     80 OWNER               180 ADVANTA    AMRESCO       11/1/97
      3943727                30,000.00      9.38            311.1  65.22 OWNER               180 ADVANTA    AMRESCO       11/1/97
      3946837                37,000.00      7.95           352.52  34.91 OWNER               180 ADVANTA    AMRESCO       10/1/97
      3946910               112,000.00      8.85           889.12     80 OWNER               360 ADVANTA    AMRESCO       11/1/97
      3946969                83,400.00       9.2           683.09     60 OWNER               360 ADVANTA    AMRESCO       11/1/97
      3947017                33,500.00     10.38           367.82  33.17 OWNER               180 ADVANTA    AMRESCO       11/1/97
      3947033                67,200.00     10.25           732.45     70 OWNER               180 ADVANTA    AMRESCO       11/1/97
      3947041                37,200.00      9.38           309.55  59.52 OWNER               360 ADVANTA    AMRESCO       11/1/97
      3947058                31,050.00      11.5           307.49     69 OWNER               360 ADVANTA    AMRESCO       11/1/97
      3947181               104,000.00       9.5          1085.99     65 NON OWNER           180 ADVANTA    AMRESCO       11/1/97
      3947199               102,050.00       9.5          1065.63     65 NON OWNER           180 ADVANTA    AMRESCO       11/1/97
      3947223               122,400.00     11.25          1188.82     90 OWNER               360 ADVANTA    AMRESCO       10/1/97
      3957164               133,600.00      10.1          1182.32  78.59 OWNER               360 ADVANTA    AMRESCO       11/1/97
      3957198                29,250.00      9.58           247.66     75 NON OWNER           360 ADVANTA    AMRESCO       11/1/97
     10012656                29,835.00     10.23           324.82  27.12 OWNER               180 ADVANTA    AMRESCO       11/1/97
     10017382                46,750.00     10.75            436.4     85 OWNER               360 ADVANTA    AMRESCO       11/1/97
     10017390                57,600.00     11.48           569.53     80 OWNER               360 ADVANTA    AMRESCO       11/1/97
     10017408               500,000.00      7.87          3623.61  73.75 OWNER               360 ADVANTA    AMRESCO       11/1/97
     10017457                28,000.00     11.38           274.72     70 OWNER               360 ADVANTA    AMRESCO       11/1/97
     10017614                38,800.00      10.7           360.73  79.84 OWNER               360 ADVANTA    AMRESCO       11/1/97
     10022465                29,000.00     10.58           322.01     58 OWNER               180 ADVANTA    AMRESCO       11/1/97

TOTAL                $    3,868,685.00

</TABLE>

                                    Page 1

<PAGE>   4


<TABLE>
<CAPTION>
SERVICER    AMRESCO                                                                                                            
 LOAN        LOAN        LAST                                                                   ZIP    PROPERTY      MATURITY  
 NUMBER     NUMBER       NAME              ADDRESS                       CITY          STATE    CODE   TYPE            DATE    
 -------   ---------    -------       -------------------------       ---------         ---     -----  ----         ---------- 
<S>        <C>          <C>           <C>                             <C>                <C>    <C>     <C>         <C>        
 2361384   2361384AD    RAMIREZ       3236 EAST GLEN                  EL PASO            TX     79936   SFR         12/01/2026 
 2365948   2365948AD    WHIPPLE       TRACT 1 SCHOOL HOUSE ROAD       CAPITAN            NM     88316   SFR         02/01/2027 
 2366433   2366433AD    LAGNESE       1300 MISTY PINES CIRCLE         NAPLES             FL     34105   SFR         02/15/2027 
 2366722   2366722AD    MOSLEY        10939 BRITOAKS LANE             HOUSTON            TX     77079   SFR         02/15/2027 
 2651974   2651974AD    LEE           1201 WILDER AVENUE #3002        HONOLULU           HI     96822   CONDO       03/01/2027 
 2652048   2652048AD    HERRON        1367 WOODBINE STREET            DAYTONA BCH        FL     32114   SFR         03/01/2027 
 2652220   2652220AD    WATTS         1132 NICHOLSON ROAD             SANGER             TX     76266   SFR         03/01/2027 
 2653111   2653111AD    GONZALEZ      1103 SABLE COVE                 RUSKIN             FL     33570   SFR         03/15/2027 
 2882025   2882025AD    ADEEB         2507 RIDGEWOOD ROAD             JACKSONVILL        FL     32207   SFR         04/01/2027 
 2882207   2882207AD    WILKINSON     1121 NICHOL AVE.                ANDERSON           IN     46016   SFR         04/01/2027 
 2882256   2882256AD    SIMONTON      1975 SOUTHWEST 116TH AVE.       DAVIE              FL     33325   SFR         05/01/2027 
 2882264   2882264AD    WEST          2072 RICHMOND AVE.              LINCOLN PAR        MI     48146   SFR         04/01/2027 
 2882447   2882447AD    DOVERSOLA     676 AIPO ST.                    HONOLULU           HI     96825   SFR         05/01/2027 
 2882454   2882454AD    CALASH        115 MAPLE ST.                   NEW HAVEN          CT      6511   SFR         05/01/2027 
 2882819   2882819AD    ARMSTRONG     824 LYNN HAVEN LANE             HAZELWOOD          MO     63042   SFR         05/01/2027 
 2882884   2882884AD    HAYES         3855 KIRKUP AVE.                CINCINNATI         OH     45213   SFR         05/01/2027 
 2882892   2882892AD    CASTILLA      3828 N. 32ND STREET #207        PHOENIX            AZ     85018   SFR         04/01/2027 
 2882900   2882900AD    MCCORMICK     132 NORTH E STREET              LAKE WORTH         FL     33460   SFR         05/01/2027 
 2882934   2882934AD    GALVIN        1204 COMMONWEALTH CIR           NAPLES             FL     34116   SFR         05/01/2027 
 2883197   2883197AD    LUCIANO       47-705 HUI KELU ST. #1          KANEOHE            HI     96744   SFR         05/01/2027 
 2883205   2883205AD    NEWELL        145 SOUTH BELMONT ST.           INDIANAPOLI        IN     46222   SFR         05/01/2027 
 2883395   2883395AD    CLEARY        1405 ALVERADO AVE.              PITTSBURGH         PA     15216   SFR         05/01/2027 
 2883403   2883403AD    EVERARD       160 BAKER DRIVE                 PITTSBURGH         PA     15237   SFR         05/01/2027 
 2883577   2883577AD    KURIAN        35633 SAXONY                    STERLING HE        MI     48310   SFR         05/01/2027 
 2883585   2883585AD    GEORGIADIS    13492 SHELDON ROAD              BROOK PARK         OH     44142   SFR         05/01/2012 
 2883593   2883593AD    DEPINA        133-135 FRANCES AVE.            HARTFORD           CT      6106   SFR         05/01/2027 
 2883643   2883643AD    CHARLES       6960 CURTISS AVE. #141          SARASOTA           FL     34231   SFR         05/01/2027 
 2883858   2883858AD    GILLOOLY      25 CHESTNUT ROAD                BRADFORDWOO        PA     15015   SFR         05/01/2027 
 2883882   2883882AD    MIRACLE                                   213 ADNERSON           IN     46016   2-4 UNITS   05/01/2027 
 2883932   2883932AD    GRIEBENOW     1331 SOUTH UTICA ROAD           SUMMIT             WI     53066   SFR         05/01/2027 
 2883940   2883940AD    BURCHETT      200 PULLMAN TRAIL               ROSWELL            GA     30075   SFR         05/01/2027 
 2884005   2884005AD    BURKE         3360 SUNSRISE LAKE              MILFORD            PA     18337   SFR         05/01/2027 
 2884260   2884260AD    IVY           19756 EAST STATE ROAD 46        COLUMBUS           IN     47203   SFR         05/01/2012 
 2884294   2884294AD    BAUER         706 LINDELL LANE                CINCINNATI         OH     45226   SFR         05/01/2027 
 2884328   2884328AD    HENESY        2226 MATHEWS AVE.               REDONDO BCH        CA     90278   TOWNHOUSE   05/01/2027 
 2884658   2884658AD    WELLS         5812 LAMOYA AVE.                JACKSONVILL        FL     32210   SFR         05/01/2027 
 2884708   2884708AD    CLARK         2222 A. SOUTH JASPER WAY        AURORA             CO     80013   TOWNHOUSE   05/01/2027 
 2884716   2884716AD    CLAYTON       288 ELLIS ROAD #206             DESTIN             FL     32541   TOWNHOUSE   05/01/2027 
 2884765   2884765AD    HOLWAY        531 WEST MURIEL DR.             PHOENIX            AZ     85023   SFR         05/01/2027 
 2884872   2884872AD    TRENTALANGE   1017 RIVER OAKS COURT           VENICE             FL     34293   SFR         05/01/2027 
 2885028   2885028AD    COMMONS       1160 RADCLIFFE DR.              TOLEDO             OH     43609   SFR         05/01/2027 
 2885051   2885051AD    MCANDREWS     343 CENTER AVE.                 PITTSBURGH         PA     15229   SFR         05/01/2027 
 2885242   2885242AD    MITCHELL      3215 WEST ST. LOUIS AVE.        WICHITA            KS     67203   SFR         05/01/2027 
 2885333   2885333AD    WALLER        37 VICTOR AVE.                  DAYTON             OH     45405   SFR         05/01/2027 
 2885481   2885481AD    COOK          40 EAST 500 STREET              PRICE              UT     84501   SFR         05/01/2027 
 2885499   2885499AD    SCHUBERT      3567 N. DUBARRY ROAD            INDIANAPOLI        IN     46226   SFR         05/01/2027 
 2885549   2885549AD    BOLLINGER     1313 EDITH LANE                 COLORADO SP        CO     80909   SFR         05/01/2027 
 2885747   2885747AD    KAYE          1010 SOUTH OCEAN BLVD           POMPANO BEA        FL     33062   CONDO       05/01/2027 
 2885820   2885820AD    TANURCHIS     4515 CHOUTEAU AVE.              ST. LOUIS          MO     63110   SFR         05/01/2027 
 2885838   2885838AD    TANURCHIS     4636 SHENANDOAH AVE.            ST. LOUIS          MO     63110   SFR         05/01/2027 
 2885846   2885846AD    TANURCHIS     4509 CHOUTEAU AVE.              ST. LOUIS          MO     63110   SFR         05/01/2027 
 2885853   2885853AD    KEYS          11618 SEAWARD ROAD #30          OCEAN CITY         MD     21842   CONDO       05/01/2027 
                                                                                                                  


<CAPTION>
SERVICER    9/1/97
 LOAN       SCHEDULE     CURRENT   CURRENT                OCCUPANCY    ORIGINAL                                DUE          
 NUMBER     BALANCE       RATE   P&I PAYMENT      LTV      STATUS        TERM      SERVICER  ORIGINATOR       DATE 
 -------   ----------    ------  -----------     ----     ---------      ----      --------  ----------     --------
<S>        <C>           <C>          <C>        <C>      <C>             <C>      <C>         <C>          <C>  
 2361384    60,254.43    11.125        581.4       65     NON OWNER       360      ADVANTA     AAMES        10/01/97  
 2365948   161,895.22      9.24      1335.67       65     OWNER           360      ADVANTA     AAMES        10/01/97  
 2366433    80,453.19    11.125       775.44       75     OWNER           360      ADVANTA     AAMES        09/15/97  
 2366722   100,385.67    11.125       967.55     64.9     OWNER           360      ADVANTA     AAMES        09/15/97  
 2651974   136,813.86      9.24      1128.13     76.3     OWNER           360      ADVANTA     AAMES        09/01/97  
 2652048    63,834.12     10.24       573.03     79.5     OWNER           360      ADVANTA     AAMES        10/01/97  
 2652220    80,992.37      9.25       668.42       65     NON OWNER       360      ADVANTA     AAMES        10/01/97  
 2653111    94,286.99      9.99       828.61       70     NON OWNER       360      ADVANTA     AAMES        09/15/97  
 2882025    64,814.16     10.01       570.56       64     OWNER           360      ADVANTA     AAMES        10/01/97  
 2882207    27,929.30      9.45       234.42       70     NON OWNER       360      ADVANTA     AAMES        10/01/97  
 2882256   141,666.18       8.7      1112.05       74     OWNER           360      ADVANTA     AAMES        10/01/97  
 2882264    44,897.70      9.95       393.25       75     OWNER           360      ADVANTA     AAMES        10/01/97  
 2882447   336,502.66      7.57      2376.05     64.3     OWNER           360      ADVANTA     AAMES        10/01/97  
 2882454    58,880.30      9.58       503.79       70     OWNER           360      ADVANTA     AAMES        11/01/97  
 2882819    46,905.44      9.45       393.49     67.1     OWNER           360      ADVANTA     AAMES        10/01/97  
 2882884    41,936.83     10.82       394.28       75     OWNER           360      ADVANTA     AAMES        10/01/97  
 2882892    29,421.56      10.7       278.23       75     OWNER           360      ADVANTA     AAMES        10/01/97  
 2882900    27,709.62     11.26       269.74       75     OWNER           360      ADVANTA     AAMES        09/01/97  
 2882934    45,689.93       8.7       361.81       70     NON OWNER       360      ADVANTA     AAMES        11/01/97  
 2883197   134,648.54       8.2      1009.47       70     OWNER           360      ADVANTA     AAMES        10/01/97  
 2883205    34,327.07       9.2       281.76       80     OWNER           360      ADVANTA     AAMES        10/01/97  
 2883395    43,281.06     10.56       398.49     74.9     OWNER           360      ADVANTA     AAMES        10/01/97  
 2883403    64,877.46      9.76       558.93       50     OWNER           360      ADVANTA     AAMES        10/01/97  
 2883577   125,596.78      8.95       1009.3       75     OWNER           360      ADVANTA     AAMES        10/01/97  
 2883585    89,011.92       8.7       896.85       75     OWNER           180      ADVANTA     AAMES        10/01/97  
 2883593    67,349.28      8.95        540.7       75     NON OWNER       360      ADVANTA     AAMES        10/01/97  
 2883643    62,804.61     10.78       588.58       85     OWNER           360      ADVANTA     AAMES        10/01/97  
 2883858   111,142.73      9.82        962.4       75     OWNER           360      ADVANTA     AAMES        10/01/97  
 2883882    32,627.38      9.32       270.64       65     NON OWNER       360      ADVANTA     AAMES        10/01/97  
 2883932    94,121.20     11.26       916.13     68.3     NON OWNER       360      ADVANTA     AAMES        10/01/97  
 2883940   205,790.83     10.08      1821.35       75     OWNER           360      ADVANTA     AAMES        10/01/97  
 2884005    99,645.84      7.95       730.29       80     OWNER           360      ADVANTA     AAMES        11/01/97  
 2884260   142,347.88       8.2      1392.82       80     OWNER           180      ADVANTA     AAMES        10/01/97  
 2884294   237,191.12       8.7       1861.9       75     OWNER           360      ADVANTA     AAMES        10/01/97  
 2884328   176,585.64      8.72      1388.67     60.1     NON OWNER       360      ADVANTA     AAMES        11/01/97  
 2884658    34,215.10      8.45       262.53       70     OWNER           360      ADVANTA     AAMES        10/01/97  
 2884708    50,150.15      9.51        422.9       75     OWNER           360      ADVANTA     AAMES        10/01/97  
 2884716    58,134.65       9.7       500.46       75     OWNER           360      ADVANTA     AAMES        10/01/97  
 2884765    90,566.69      8.32       688.14       75     OWNER           360      ADVANTA     AAMES        10/01/97  
 2884872   126,045.98       8.2       944.98     72.2     OWNER           360      ADVANTA     AAMES        09/01/97  
 2885028    38,164.58      8.95        306.4       75     NON OWNER       360      ADVANTA     AAMES        10/01/97  
 2885051    38,391.50      9.58       325.98       70     NON OWNER       360      ADVANTA     AAMES        10/01/97  
 2885242    39,326.23     11.71       396.25     69.1     OWNER           360      ADVANTA     AAMES        10/01/97  
 2885333    45,663.59     10.15       406.57       75     OWNER           360      ADVANTA     AAMES        09/01/97  
 2885481    44,708.91       9.4       373.44       64     OWNER           360      ADVANTA     AAMES        09/01/97  
 2885499    43,224.69       8.4       330.64       70     OWNER           360      ADVANTA     AAMES        10/01/97  
 2885549    54,878.72      9.01       442.94     59.1     OWNER           360      ADVANTA     AAMES        10/01/97  
 2885747   138,538.69     10.76      1296.25       75     OWNER           360      ADVANTA     AAMES        10/01/97  
 2885820    38,934.02     10.27       350.06       60     NON OWNER       360      ADVANTA     AAMES        10/01/97  
 2885838    48,018.59     10.27       431.75     50.6     NON OWNER       360      ADVANTA     AAMES        10/01/97  
 2885846    38,934.02     10.27       350.06       60     NON OWNER       360      ADVANTA     AAMES        10/01/97  
 2885853    75,550.32       9.2       620.44       75     NON OWNER       360      ADVANTA     AAMES        10/01/97  
</TABLE>





                                    Page 1
<PAGE>   5




<TABLE>
<CAPTION>
SERVICER    AMRESCO                                                                                                            
 LOAN        LOAN      LAST                                                                     ZIP     PROPERTY        MATURITY 
 NUMBER     NUMBER     NAME                ADDRESS                       CITY          STATE    CODE    TYPE              DATE   
 -------   ---------  -------         -------------------------       ---------         ---     -----   ----           ----------
<S>        <C>        <C>             <C>                             <C>                <C>    <C>      <C>           <C>       
 2885978   2885978AD  HINMAN          11 FOREST DR.                   BURLINGTON         CT      6013    SFR           05/01/2027
 2886117   2886117AD  SIMPSON         4365 SOUTHWEST 52ND ST.         FT. LAUDERD        FL     33314    SFR           05/01/2027
 2886174   2886174AD  FERGUSON        10138 SOUTH EBERHART AVE.       CHICAGO            IL     60628    SFR           05/01/2027
 2886240   2886240AD  REYES           1190 WEST 45TH PLACE            HIALEAH            FL     33012    SFR           05/01/2012
 2886398   2886398AD  BARRY           5700 ETIWANDA AVE. #259         TARZANA            CA     91356    CONDO         05/01/2027
 2886422   2886422AD  AMIRHESSARI     17 CATANIA #9                   MISSION VIE        CA     92692    CONDO         05/01/2027
 2886455   2886455AD  CHUN            1328 NEHOA ST.                  HONOLULU           HI     96822    SFR           05/01/2027
 2886836   2886836AD  WEBB            986 KNIGHT AVE.                 FLINT              MI     48503    SFR           05/01/2027
 2887016   2887016AD  KWAN            94-553 MAHINAHOU ST.            MILILANI           HI     96789    SFR           05/01/2027
 2887032   2887032AD  GALE            1273 SOUTHWEST 3RD ST.          HOMESTEAD          FL     33030    2-4 UNITS     05/01/2027
 2887040   2887040AD  GALE            1283 S.W. 3RD ST.               HOMESTEAD          FL     33030    2-4 UNITS     05/01/2027
 2887263   2887263AD  PADILLA         2941 N. CAMBRIDGE LANE          COOPER CITY        FL     33026    TOWNHOUSE     05/01/2027
 2887289   2887289AD  SHAW            2104 PAINTED POST DR.           FLUSHING           MI     48433    CONDO         05/01/2027
 2887362   2887362AD  MARTINOV        49963 SCHOENHERR                SHELBY TOWN        MI     48315    SFR           05/01/2027
 2887438   2887438AD  HO              5864 W. MEXICO AVE.             LAKEWOOD           CO     80232    SFR           05/01/2027
 2887453   2887453AD  DAZZO           900 RICHARD ST.                 AURORA             IL     60506    SFR           05/01/2027
 2887750   2887750AD  MILLER          1231 N. BOSART AVE.             INDIANAPOLI        IN     46201    SFR           05/01/2027
 2887792   2887792AD  PITTS           7077 LINDALE DR.                MT. MORRIS         MI     48458    SFR           05/01/2027
 2887826   2887826AD  MELTON          5130 MILLERSBURG ROAD           EVANSVILLE         IN     47711    SFR           05/01/2027
 2887842   2887842AD  TABAR           2031 44TH AVENUE NORTH          ST. PETERSB        FL     33714    SFR           05/01/2027
 2887859   2887859AD  HANSEN          5732 27TH AVE. SOUTH            MINNEAPOLIS        MN     55417    SFR           05/01/2027
 2888121   2888121AD  CASSEL          913 BEAUFAIN COURT              INDIANAPOLI        IN     46217    SFR           05/01/2027
 2888139   2888139AD  FOX             185 SWEETWATER BLUFF            DAHLONEGA          GA     30533    SFR           05/01/2027
 2888287   2888287AD  WIIG            3593-A & B ALANI DR.            HONOLULU           HI     96822    TOWNHOUSE     05/01/2027
 2888303   2888303AD  WAKEFIELD       719 N. OVERLAND TRAIL           FT. COLLINS        CO     80521    SFR           05/01/2027
 2888345   2888345AD  BARTON          3701 COQUINA KEY DR. SE.        ST. PETERSB        FL     33705    SFR           05/01/2027
 2888428   2888428AD  GADDIES         18011 WOODINGHAM                DETROIT            MI     48221    SFR           05/01/2027
 2888493   2888493AD  LEBSOCK         3431 N. MILLARD DRIVE           TUCSON             AZ     85715    TOWNHOUSE     05/01/2027
 2889137   2889137AD  ANCONA          178-180 FLATBUSH AVE.           HARTFORD           CT      6106    SFR           05/01/2027
 2889202   2889202AD  HERRERA         630 NORTHWEST 158TH LANE        PEMBROKE PI        FL     33028    SFR           05/01/2027
 2889210   2889210AD  DEBORD          15 PINECREST LANE               HAMILTON           OH     45013    SFR           05/01/2027
 2889251   2889251AD  ROGERS          6240 WEST BONA DEA BLVD         W. VALLEY C        UT     84120    SFR           06/01/2027
 2889277   2889277AD  SORRELL         819 SMOKEY WAY                  PEACHTREE          GA     30269    SFR           05/01/2027
 2889343   2889343AD  KOZA            3785 LORAIN AVE.                LORAIN             OH     44055    SFR           05/01/2027
 2889368   2889368AD  BUTLER          1413 HOWARD ROAD                ANNAPOLIS          MD     21403    SFR           05/01/2027
 2889806   2889806AD  WOLF            1286 NORTH AND SOUTH            UNIVERSITY         MO     63130    TOWNHOUSE     05/01/2027
 2889814   2889814AD  WOLF            1278 NORTH & SOUTH              UNIVERSITY         MO     63130    SFR           05/01/2027
 2889822   2889822AD  WOLF            1276 NORTH AND SOUTH            UNIVERSITY         MO     63130    TOWNHOUSE     06/01/2027
 2889848   2889848AD  JONES           2209 WILLIAMS DRIVE             HAVRE GRACE        MD     21078    SFR           05/01/2027
 3041654   3041654AD  JONES           8507 E. 110TH TERRACE           KANSAS CITY        MO     64134    SFR           03/01/2027
 3231974   3231974AD  RISTAU          504 RUSTIC ROAD                 BELLVUE            CO     80512    SFR           02/01/2027
 3232345   3232345AD  MITCHELL        1055 MASTERS LANE               SNELLVILLE         GA     30278    SFR           02/01/2027
 3232642   3232642AD  CORBIN          17 NORTH STREET                 WEST HAVEN         CT      6516    SFR           01/01/2027
 3261047   3261047AD  MCDONALD        218 ORDUNA AVE                  WARM MINERA        FL     34287    SFR           01/01/2027
 3309630   3309630AD  GALINISKI       14 RICE ROAD BROAD BROOK        CONNECTICUT        CT      6016    SFR           04/01/2027
 3309846   3309846AD  ROX             3872 EAST 112TH STREET          CLEVELAND          OH     44105    TOWNHOUSE     04/01/2027
 3371895   3371895AD  SHUGART         1005 NORTHWEST 8TH STREET       MOORE              OK     73160    SFR           03/01/2027
 3372265   3372265AD  CHLEBANA        615 HOUSEMAN N.E.               GRAND RAPID        MI     49505    SFR           03/01/2027
 3372570   3372570AD  FAISCA          LOT 80A-1 HAWI ROAD             HAWI               HI     96719    SFR           03/01/2027
 3372844   3372844AD  ARNOLD          710 N. BAYARD                   SILVER CITY        NM     88061    SFR           04/01/2027
 3373081   3373081AD  LABELSON        285 DEER VALLEY RD              LAKE ARIEL         PA     18436    SFR           03/01/2027
 3373156   3373156AD  KISH            10296 BELLEAU DRIVE             TWINSBURG          OH     44087    SFR           03/01/2027



<CAPTION>
SERVICER   9/1/97
 LOAN      SCHEDULE       CURRENT   CURRENT              OCCUPANCY    ORIGINAL                                       DUE       
 NUMBER    BALANCE         RATE   P&I PAYMENT     LTV     STATUS        TERM SERVICER  ORIGINATOR                   DATE       
 -------  ----------      ------  -----------    ----    ---------      ---- --------  ----------                 --------     
<S>       <C>             <C>          <C>       <C>     <C>             <C>             <C>                      <C>          
 2885978   39,925.19         9.8       345.14    22.5    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2886117   64,884.00       10.02       571.39      65    NON OWNER       360 ADVANTA     AAMES                    10/01/97     
 2886174   93,605.64       10.71       872.33      75    OWNER           360 ADVANTA     AAMES                    09/01/97     
 2886240   83,042.16        8.27        815.9    62.2    OWNER           180 ADVANTA     AAMES                    10/01/97     
 2886398   56,107.14        8.32       425.36    66.2    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2886422  121,869.94        8.57       945.49      75    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2886455  324,004.60        7.39      2248.02    59.1    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2886836   40,859.86        9.02       330.09      65    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2887016  135,969.07        7.89      1038.34      65    OWNER           360 ADVANTA     AAMES                    11/01/97     
 2887032   74,862.71         9.9       652.65      75    NON OWNER       360 ADVANTA     AAMES                    10/01/97     
 2887040   74,862.71         9.9       652.65      75    NON OWNER       360 ADVANTA     AAMES                    10/01/97     
 2887263   49,631.26        9.76       427.58      65    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2887289   38,899.87        8.27       293.55    68.4    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2887362  129,744.40        9.56      1098.81      50    OWNER           360 ADVANTA     AAMES                    09/01/97     
 2887438  125,029.27       10.08      1106.58      75    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2887453   55,935.06       12.01       576.46      70    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2887750   47,164.09        8.52       365.53      65    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2887792   76,862.93       10.01        676.3    61.6    OWNER           360 ADVANTA     AAMES                    09/01/97     
 2887826  160,958.59        9.96      1410.33      75    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2887842   20,113.58        9.96       176.24      65    NON OWNER       360 ADVANTA     AAMES                    10/01/97     
 2887859   49,105.18        9.71       425.81      65    OWNER           360 ADVANTA     AAMES                    09/01/97     
 2888121   62,598.50        8.57       485.61    77.5    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2888139   93,601.54       10.58       863.19      75    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2888287  317,301.45        7.19      2169.96    65.3    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2888303   76,233.93        9.08       619.14    63.4    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2888345  101,288.37        9.28       837.23      70    NON OWNER       360 ADVANTA     AAMES                    10/01/97     
 2888428   52,603.52         9.9        458.6    67.6    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2888493   80,054.23        8.52        618.2      75    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2889137   29,929.48         8.7       234.94      75    OWNER           360 ADVANTA     AAMES                    09/01/97     
 2889202  114,478.47       10.21       1024.2      75    OWNER           360 ADVANTA     AAMES                    09/01/97     
 2889210   86,092.15         9.9       750.54      75    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2889251   82,372.83        9.33        683.5    73.7    OWNER           360 ADVANTA     AAMES                    09/01/97     
 2889277  434,224.48       10.02      3823.87      75    OWNER           360 ADVANTA     AAMES                    11/01/97     
 2889343   48,628.19        9.77       419.56    69.6    OWNER           360 ADVANTA     AAMES                    09/01/97     
 2889368  134,710.82        9.15      1100.85      75    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2889806   36,326.05         9.4       303.42      65    NON OWNER       360 ADVANTA     AAMES                    10/01/97     
 2889814   36,325.99         9.4       303.42      65    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2889822   41,534.24        9.21       341.03    74.3    OWNER           360 ADVANTA     AAMES                    10/01/97     
 2889848   60,095.48       10.15       534.99      70    NON OWNER       360 ADVANTA     AAMES                    10/01/97     
 3041654   41,953.00        9.05       342.69      80    OWNER           360 ADVANTA     AAMES                    10/01/97     
 3231974  152,598.88        10.9      1445.51      90    OWNER           360 ADVANTA     NATIONAL MORTGAGE        09/01/97     
 3232345  119,276.17       10.75      1116.45      90    OWNER           360 ADVANTA     NATIONAL MORTGAGE        09/01/97     
 3232642   58,338.40        11.3       570.42      90    OWNER           360 ADVANTA     NATIONAL MORTGAGE        09/01/97     
 3261047   39,000.23       8.375       297.95      70    OWNER           360 ADVANTA     AAMES                    11/01/97     
 3309630   64,800.05       9.365       540.16    54.2    OWNER           360 ADVANTA     AAMES                    09/01/97     
 3309846   48,165.80        8.99       388.29      70    OWNER           360 ADVANTA     AAMES                    10/01/97     
 3371895   37,752.30       9.375       315.03      75    OWNER           360 ADVANTA     AAMES                    10/01/97     
 3372265   54,822.25       9.375       457.46    74.3    OWNER           360 ADVANTA     AAMES                    11/01/97     
 3372570  124,501.02       8.125       928.12    64.1    NON OWNER       360 ADVANTA     AAMES                    10/01/97     
 3372844   79,734.77       8.125          594    51.6    OWNER           360 ADVANTA     AAMES                    10/01/97     
 3373081   34,905.15          10       307.15    46.7    NON OWNER       360 ADVANTA     AAMES                    10/01/97     
 3373156  127,135.78        9.75      1095.42      75    OWNER           360 ADVANTA     AAMES                    10/01/97     
</TABLE>                                   
                                           
                                           


                                    Page 2
<PAGE>   6



<TABLE>
<CAPTION>
SERVICER    AMRESCO                                                                                                             
 LOAN        LOAN      LAST                                                                     ZIP     PROPERTY        MATURITY  
 NUMBER     NUMBER     NAME                ADDRESS                       CITY          STATE    CODE    TYPE              DATE    
 -------   ---------  -------         -------------------------       ---------         ---     -----   ----           ---------- 
<S>        <C>        <C>             <C>                             <C>                <C>    <C>      <C>           <C>        
 3373313   3373313AD  BAQUIRAN        98-088 & 98-088A LII IPO S      AIEA               HI     96701    2-4 UNITS     03/01/2027 
 3373537   3373537AD  DONOVIC         2806 SUMMIT CONDOMINIUMS        SUN VALLEY         ID     83354    CONDO         04/01/2027 
 3373693   3373693AD  KESSEL          3300 EDGEMOOR ROAD              BOISE              ID     83703    SFR           03/01/2027 
 3373701   3373701AD  MAXWELL         A1                              KETCHUM            ID     83340    CONDO         03/01/2027 
 3373784   3373784AD  SZYMANKOWSKI    4933 SOUTH KILPATRICK AVEN      CHICAGO            IL     60632    SFR           03/01/2027 
 3373800   3373800AD  ANDERSEN        790 BRANDYWINE DRIVE            ROSELLE            IL     60172    SFR           03/01/2027 
 3373859   3373859AD  PACIENZA        522 NORTH AVENUE                GREENSBURG         PA     15601    SFR           03/01/2027 
 3373917   3373917AD  CHRISPENNI      741-743 BROWN ROAD              COLUMBUS           OH     43223    2-4 UNITS     03/01/2027 
 3374063   3374063AD  BUDHOO          1526 ROGER BABSON ROAD          ORLANDO            FL     32808    SFR           03/01/2027 
 3374246   3374246AD  HANDLER         52 HALYARD DRIVE                NORTH WOODM        NY     11598    SFR           03/01/2027 
 3374261   3374261AD  LAWSON          6850 NORTH HUDOFF ROAD          BLOOMINGTON        IN     47804    SFR           03/01/2027 
 3374386   3374386AD  TARTAGLIO       2732 DEMINGTON AVENUE NW        CANTON             OH     44718    SFR           04/01/2027 
 3374766   3374766AD  ROCHE           417 NORTH FIRST AVENUE          HAILEY             ID     83333    2-4 UNITS     03/01/2027 
 3374824   3374824AD  LECTURE         408 NORTH BSTREET               GRANGEVILLE        ID     83530    SFR           03/01/2027 
 3374865   3374865AD  BOSWELL         17631 N.W. 32 COURT             MIAMI              FL     33056    SFR           03/01/2027 
 3374907   3374907AD  BENTON          12156 BROOKSTONE DRIVE          KNOXVILLE          TN     37922    SFR           03/01/2027 
 3374972   3374972AD  MACDONALD       6609 DEBBIE ROAD                NORTH RIDGE        OH     44039    SFR           03/01/2027 
 3375029   3375029AD  HAWFIELD        7904 #34 OAK MEADOW COURT       CHARLOTTE          NC     28210    CONDO         03/01/2027 
 3375086   3375086AD  SHERWIN         7051 WEST 63RD STREET           CHICAGO            IL     60638    2-4 UNITS     03/01/2027 
 3773967   3773967AD  STOKES          1661 SNEAD AVENUE               CHESTERTON         IN     46304    SFR           02/01/2027 
 3794682   3794682AD  GALARZA         148-150 EAST FARM STREET        WATERBURY          CT      6704    SFR           05/01/2027 
 3794864   3794864AD  FRALEY          225 NEW BRITAIN AVE UNIT #      FARMINGTON         CT      6032    CONDO         05/01/2027 
 3795945   3795945AD  GEBAUER         5 HURD BRIDGE ROAD              CLINTON            CT      6413    SFR           04/01/2027 
 3804457   3804457AD  TAYLOR          21 ELLIOTT STREET               NEW HAVEN          CT      6519    SFR           05/01/2027 
 3817830   3817830AD  MESSINA         538-540 HOWARD AVENUE           NEW HAVEN          CT      6519    SFR           05/01/2027 
 3849874   3849874AD  KIKO            2510 AAPI WAY                   PEARL CITY         HI     96782    SFR           08/01/2027 
 3850187   3850187AD  MOORE           1647 CARMAN VALLEY DRIVE        MANCHESTER         MO     63021    SFR           09/01/2027 
 3853793   3853793AD  MOFFETT         12 HALLER ROAD                  WEST ORANGE        NJ      7052    SFR           09/01/2027 
 3863560   3863560AD  GESTES          1231 W. 49TH PLACE              CHICAGO            IL     60609    SFR           05/01/2027 
 3886017   3886017AD  RICHARDS        1535 MAPLE STREET               FOREST GROV        OR     97116    SFR           09/01/2027 
 3894706   3894706AD  PHILLIPS        1155 CRIM ROAD                  BRIDGEWATER        NJ      8807    SFR           09/01/2027 
 3898129   3898129AD  WEIR            3363 SIMMS STREET               WHEAT RIDGE        CO     80033    SFR           09/01/2027 
 3898160   3898160AD  STAMATSON       29 ECHO SHORES ROAD             ALTON BAY          NH      3810    SFR           09/01/2027 
 3928421   3928421AD  MUZZIO          1554 PRISCILLA COURT            TOMS RIVER         NJ      8753    SFR           09/01/2027 
 3932316   3932316AD  LAWSON          3906 EDNOR ROAD                 BALTIMORE          MD     21218    SFR           09/01/2027 
 3932365   3932365AD  FERNANDEZ       4257 ANAHOLA ROAD               ANAHOLA            HI     96703    2-4 UNITS     09/01/2027 
 3932407   3932407AD  GREENE          5136 N. PALMER                  KANSAS CITY        MO     64119    SFR           09/01/2027 
 3932415   3932415AD  KAMAI           2171 AAMANU STREET              PEARL CITY         HI     96782    SFR           09/01/2027 
 3932480   3932480AD  BARNICOAT       64 EAST MAIN STREET             MIDDLEBORO         MA      2346    SFR           09/01/2027 
 3932498   3932498AD  BLACKWELL       722-726 59TH STREET             OAKLAND            CA     94609    2-4 UNITS     09/01/2027 
 3932506   3932506AD  JENSEN          929 EAST CASA NEGRA AVENUE      MIDVALE            UT     84047    SFR           09/01/2027 
 3932514   3932514AD  RIVERS          9041 SOUTH BURLEY               CHICAGO            IL     60609    2-4 UNITS     09/01/2027 
 3932530   3932530AD  WELCH           1920 GATEWAY DRIVE              OAKLEY             CA     94561    SFR           09/01/2027 
 3932548   3932548AD  LAUB            8946 WEST CENTRAL PARK COU      WICHITA            KS     67205    SFR           09/01/2027 
 3932571   3932571AD  DEL SANTO       10030 OWENSMOUTH AVENUE         CHATSWORTH         CA     91311    CONDO         10/01/2027 
 3932613   3932613AD  AMADI           2071-73 NORTH 41ST STREET       MILWAUKEE          WI     53209    SFR           09/01/2027 
 3932639   3932639AD  SMITH           2641 WEST CAMINO  DE LA GR      TUCSON             AZ     85742    SFR           09/01/2027 
 3932654   3932654AD  CLINTON         948 EAST 24TH STREET            ERIE               PA     16504    SFR           10/01/2027 
 3932704   3932704AD  INGRAM          6533-35 S. CARPENTER            CHICAGO            IL     60621    2-4 UNITS     09/01/2027 
 3932712   3932712AD  HUNTER          2223 SHIELDS STREET             PHILADELPHI        PA     19142    SFR           10/01/2027 
 3939949   3939949AD  STEPHENSON      247 E. ORLANDO ST.              CHULA VISTA        CA     91911    SFR           07/01/2027 
 3940012   3940012AD  FOSTER          2949 LAZY CREEK DR.             MEDFORD            OR     97504    SFR           07/01/2027 



<CAPTION>
SERVICER   9/1/97
 LOAN      SCHEDULE     CURRENT   CURRENT               OCCUPANCY    ORIGINAL                                            DUE  
 NUMBER    BALANCE       RATE   P&I PAYMENT      LTV     STATUS        TERM    SERVICER  ORIGINATOR                     DATE  
 -------  ----------    ------  -----------     ----    ---------      ----    --------  ----------                   --------
<S>       <C>           <C>          <C>        <C>     <C>             <C>                <C>                        <C>     
 3373313  224,390.17        10      1974.54     54.9    NON OWNER       360    ADVANTA     AAMES                      10/01/97
 3373537  171,592.18      9.75      1477.75     63.2    OWNER           360    ADVANTA     AAMES                      10/01/97
 3373693   53,026.89     9.125       432.85       70    NON OWNER       360    ADVANTA     AAMES                      10/01/97
 3373701   93,363.64     8.375       712.57     72.7    OWNER           360    ADVANTA     AAMES                      10/01/97
 3373784   69,720.57     8.125       519.75     58.3    OWNER           360    ADVANTA     AAMES                      10/01/97
 3373800  113,736.65     10.75      1064.17       75    OWNER           360    ADVANTA     AAMES                      10/01/97
 3373859   51,745.06      9.25       427.79     69.3    NON OWNER       360    ADVANTA     AAMES                      10/01/97
 3373917   50,259.74     9.875       437.65       70    NON OWNER       360    ADVANTA     AAMES                      09/01/97
 3374063   29,661.96     9.625       252.87       70    NON OWNER       360    ADVANTA     AAMES                      10/01/97
 3374246  184,485.25     9.875      1606.44     50.3    NON OWNER       360    ADVANTA     AAMES                      09/01/97
 3374261   57,212.82     9.125       467.03       70    OWNER           360    ADVANTA     AAMES                      10/01/97
 3374386  149,594.77     9.125      1220.45     66.1    OWNER           360    ADVANTA     AAMES                      10/01/97
 3374766  209,367.87       9.5      1765.79       70    OWNER           360    ADVANTA     AAMES                      10/01/97
 3374824   43,874.73    10.125        390.2     74.9    OWNER           360    ADVANTA     AAMES                      10/01/97
 3374865   41,894.89    10.375       380.27     58.3    NON OWNER       360    ADVANTA     AAMES                      11/01/97
 3374907  349,026.09     9.875      3039.22     79.6    OWNER           360    ADVANTA     AAMES                      10/01/97
 3374972   73,576.58     8.125       548.71     62.6    OWNER           360    ADVANTA     AAMES                      10/01/97
 3375029   32,810.85        10       288.72       70    NON OWNER       360    ADVANTA     AAMES                      10/01/97
 3375086  118,038.76      8.25       890.25     62.4    OWNER           360    ADVANTA     AAMES                      10/01/97
 3773967  275,024.26     10.75      2576.41       80    OWNER           360    ADVANTA     AAMES                      10/01/97
 3794682   57,713.25     9.865       501.91       65    OWNER           360    ADVANTA     AAMES                      10/01/97
 3794864   34,071.39    10.615       315.09       75    NON OWNER       360    ADVANTA     AAMES                      10/01/97
 3795945   82,411.54    11.365       808.99       65    OWNER           360    ADVANTA     AAMES                      10/01/97
 3804457   48,923.02    10.615       452.44       69    OWNER           360    ADVANTA     AAMES                      10/01/97
 3817830   55,142.64     9.615       469.21       65    NON OWNER       360    ADVANTA     AAMES                      10/01/97
 3849874  152,358.76     12.25      1596.99     64.9    OWNER           360    ADVANTA     AMRESCO                    10/01/97
 3850187  158,900.00     14.25      1914.25       70    OWNER           360    ADVANTA     AMRESCO                    10/01/97
 3853793  127,500.00     13.08      1418.38       75    OWNER           360    ADVANTA     AMRESCO                    10/01/97
 3863560   38,928.09     9.865       338.37       52    OWNER           360    ADVANTA     AAMES                      11/01/97
 3886017  123,750.00     13.45      1412.58       75    OWNER           360    ADVANTA     AMRESCO                    10/01/97
 3894706  160,000.00     12.58      1717.55     55.2    OWNER           360    ADVANTA     AMRESCO                    10/01/97
 3898129  131,581.00     11.95       1348.4     71.1    OWNER           360    ADVANTA     AMRESCO                    10/01/97
 3898160  227,500.00     12.15      2366.39     54.8    OWNER           360    ADVANTA     AMRESCO                    10/01/97
 3928421  165,000.00     13.08      1835.55       55    OWNER           360    ADVANTA     AMRESCO                    10/01/97
 3932316   59,400.00      10.9        561.2     79.2    OWNER           360    ADVANTA     ADMIRAL MORTGAGE INC       10/01/97
 3932365  115,000.00      11.4      1130.07     32.9    OWNER           360    ADVANTA     AMRESCO                    10/01/97
 3932407   54,750.00      11.1       525.54       75    OWNER           360    ADVANTA     AMRESCO                    10/01/97
 3932415  168,000.00     13.75      1957.39       70    OWNER           360    ADVANTA     AMRESCO                    10/01/97
 3932480  130,500.00     11.05      1247.71       75    OWNER           360    ADVANTA     AMRESCO                    10/01/97
 3932498  168,000.00      9.43      1404.06       70    OWNER           360    ADVANTA     AMRESCO                    10/01/97
 3932506  104,800.00      11.1      1005.96       80    OWNER           360    ADVANTA     AMRESCO                    10/01/97
 3932514   80,250.00     10.38       726.89       75    OWNER           360    ADVANTA     AMRESCO                    10/01/97
 3932530  146,700.00      10.5      1341.92       90    OWNER           360    ADVANTA     AMRESCO                    10/01/97
 3932548   83,625.00      9.53          705       75    OWNER           360    ADVANTA     AMRESCO                    10/01/97
 3932571   88,500.00       9.5       744.16       75    OWNER           360    ADVANTA     AMRESCO                    11/01/97
 3932613   33,250.00     11.46       328.26       70    NON OWNER       360    ADVANTA     AMRESCO                    10/01/97
 3932639   83,893.00     11.35        821.2     76.3    OWNER           360    ADVANTA     AMRESCO                    10/01/97
 3932654   23,200.00     11.88        236.5       80    OWNER           360    ADVANTA     AMRESCO                    11/01/97
 3932704   41,250.00     12.66       445.37       55    NON OWNER       360    ADVANTA     AMRESCO                    10/01/97
 3932712   27,950.00     10.69       259.65       65    OWNER           360    ADVANTA     AMRESCO                    11/01/97
 3939949  163,805.03      9.75      1409.01       80    OWNER           360    ADVANTA     PAN AMERICAN               09/01/97
 3940012  164,328.86        10      1443.39       85    OWNER           360    ADVANTA     PAN AMERICAN               09/01/97
</TABLE>                                                             
                                                                     
                                                                     


                                    Page 3
<PAGE>   7



<TABLE>
<CAPTION>
SERVICER  AMRESCO                                                                                                               
 LOAN      LOAN        LAST                                                                     ZIP      PROPERTY        MATURITY   
 NUMBER   NUMBER       NAME                ADDRESS                       CITY          STATE    CODE     TYPE              DATE     
 ------- ---------    -------         -------------------------       ---------         ---     -----    ----           ----------  
<S>      <C>          <C>             <C>                             <C>                <C>    <C>       <C>           <C>         
 3940087 3940087AD    THOMAS          760 E. 850 S. CIRCLE            ST. GEORGE         UT     84790     SFR           07/01/2027  
 3940335 3940335AD    MEYERS          1121 E. DEODAR ST.              ONTARIO            CA     91764     SFR           07/01/2027  
 3940368 3940368AD    CARDENAS        2562 W. 2562 W. SAN PAULUS      TUCSON             AZ     85746     SFR           06/01/2027  
 3940426 3940426AD    MONTIEL         4332 W. 105TH ST.               INGLEWOOD          CA     90304     SFR           07/01/2027  
 3940491 3940491AD    FIOLA           32742 COPPERCREST DR.           TRABUCO CAN        CA     92679     SFR           06/01/2027  
 3940715 3940715AD    EDMONDS         202 32ND STREET                 OCEAN CITY         MD     21842     CONDO         08/01/2027  
 3940723 3940723AD    ZIMMERER        4234 WINTERBORNE DRIVE          PASADENA           TX     77505     SFR           08/01/2027  
 3940731 3940731AD    BURRIS          95 NORTH BRANCH STREET          SELLERSVILL        PA     18960     SFR           09/01/2027  
 3940764 3940764AD    MILLER          112 HILLSIDE DRIVE              ELDRIDGE           IA     52748     SFR           08/01/2027  
 3940772 3940772AD    RODRIGUEZ       9030 PORTSIDE DRIVE             SAN ANTONIO        TX     78238     SFR           08/01/2027  
 3940780 3940780AD    WENTZ           825 QUAIL RUN LANE              LANCASTER          TX     75146     SFR           08/01/2027  
 3940798 3940798AD    DILLWORTH       7549 SOUTH CREGIER              CHICAGO            IL     60649     SFR           09/01/2027  
 3940848 3940848AD    VEGARA          8665 TRAFALGAR                  LAS VEGAS          NV     89117     SFR           09/01/2027  
 3940855 3940855AD    GARZA           1496 EDSEL DRIVE                MILPITAS           CA     95035     SFR           09/01/2027  
 3940863 3940863AD    JONES           1015 EAST BRETT STREET          INGLEWOOD          CA     90302     SFR           09/01/2027  
 3940871 3940871AD    OVERTON         3421 EAST SHAWNEE  AVENUE       DES MOINES         IA     50317     SFR           09/01/2027  
 3940897 3940897AD    HESS            624 1/2 BROADWAY                HANOVER            PA     17331     SFR           09/01/2027  
 3940939 3940939AD    JOHNSON         1701 OCEANIA DRIVE              WALDPORT           OR     97394     SFR           09/01/2027  
 3940947 3940947AD    TREVINO         825 SOUTH CAMPBELL AVENUE       CHICAGO            IL     60612     2-4 UNITS     09/01/2027  
 3940954 3940954AD    SCHEUERMAN      1281 BENNETT ROAD               PARADISE           CA     95969     SFR           09/01/2027  
 3940970 3940970AD    AGNEW           4121 RICE STREET                LIHUE              HI     96766     CONDO         09/01/2027  
 3941010 3941010AD    PETERSEN        1988 WEST 13730 SOUTH           RIVERTON           UT     84065     SFR           09/01/2027  
 3941036 3941036AD    GREENE          1620 26TH AVENUE NORTH          MINNEAPOLIS        MN     55411     SFR           09/01/2027  
 3941051 3941051AD    ROBERT          194 DABOLL STREET               PROVIDENCE         RI      2907     2-4 UNITS     09/01/2027  
 3941085 3941085AD    FRASER          4016 WELCOME AVENUE NORTH       ROBBINSDALE        MN     55422     SFR           09/01/2027  
 3941101 3941101AD    SYKES           455 FLORENCE STREET             STAYTON            OR     97383     SFR           09/01/2027  
 3941119 3941119AD    IGNACIO         41 LLEWELLYN ST                 LOWELL             MA      1854     SFR           09/01/2027  
 3941135 3941135AD    SCOFIELD        5469 WYOMING DRIVE SW           CEDAR RAPID        IA     52404     SFR           09/01/2027  
 3941143 3941143AD    ELLIOTT         2 TEMPLE STREET                 NATICK             MA      1760     SFR           09/01/2027  
 3941150 3941150AD    GAUDSWAARD      3191 SEBASTOPOL RD              SANTA ROSA         CA     95407     SFR           09/01/2027  
 3941168 3941168AD    STARKENBURG     2220 EAST HEATHERBRAE DRIV      PHOENIX            AZ     85016     SFR           09/01/2027  
 3941176 3941176AD    TAYLOR          1703 GARRETT STREET             YAKIMA             WA     98902     SFR           09/01/2027  
 3941200 3941200AD    TURNBOW         8029 SOUTH MUSKESON             CHICAGO            IL     60717     SFR           09/01/2027  
 3941234 3941234AD    AMAR            1222 N. OLIVE DR.               LOS ANGELES        CA     90069     CONDO         10/01/2027  
 3941275 3941275AD    WHITE           N3415 EAST TOWN LINE ROAD       LUXEMBERG          WI     5E+08     SFR           09/01/2027  
 3941309 3941309AD    HURST           8815 WEST 4TH AVENUE            LAKEWOOD           CO     80226     SFR           09/01/2027  
 3941317 3941317AD    LIGHTFOOT       8027 SOUTH DAMEN AVENUE         CHICAGO            IL     60620     SFR           09/01/2027  
 3941333 3941333AD    HOFFMAN         HCR ROUTE 3                     CROSSLAKE          MN     56442     SFR           10/01/2027  
 3941358 3941358AD    SKAJA           1948 NORTH 40TH STREET          MILWAUKEE          WI     53208     2-4 UNITS     10/01/2027  
 3941374 3941374AD    PIERCY          1545 EASTWAY STREET             MARGANTON          NC     28655     SFR           09/01/2027  
 3941390 3941390AD    JONES           219 MULLIGAN DRIVE              SWANSBORO          NC     28584     SFR           09/01/2027  
 3941408 3941408AD    SMITH           3695 BLAIRS VALLEY WAY          DOUGLASVILL        GA     30135     SFR           09/01/2027  
 3941416 3941416AD    VALENTINE       4512 RIVER DRIVE                LISLE              IL     60532     SFR           09/01/2027  
 3941424 3941424AD    BARNES          8634 SOUTH MANISTEE STREET      CHICAGO            IL     60617     2-4 UNITS     09/01/2027  
 3941432 3941432AD    TOMAN           4124 WEST PORTAGE STREET        MILWAUKEE          WI     53209     SFR           10/01/2027  
 3941457 3941457AD    KOWALSKI        35 CHIPEWAY ROAD                MIDDLEFIELD        CT      6455     SFR           10/01/2027  
 3941473 3941473AD    LEVIER          236 EAST 8TH STREET             PERU               IN     46970     SFR           09/01/2027  
 3941515 3941515AD    THAMES          3412 WILSHIRE BLVD              WILMINGTON         NC     28403     SFR           09/01/2027  
 3941523 3941523AD    GIVENS          927 NORTHWOOD DRIVE             CHARLOTTE          NC     28216     SFR           10/01/2027  
 3941531 3941531AD    ADAMSON         340 SOUTH 300 WEST              PROVO              UT     84601     SFR           10/01/2027  
 3941549 3941549AD    REID            801 SOUTH MASSEY STREET         SELMA              NC     27576     SFR           10/01/2027  
 3941556 3941556AD    BAIRD           963 WEST 2350 NORTH             LAYTON             UT     84041     SFR           09/01/2027  
                                                                                                                                    
<CAPTION>                                                                                                                           
SERVICER    9/1/97                                                                                                                  
 LOAN       SCHEDULE      CURRENT   CURRENT           OCCUPANCY    ORIGINAL                                                DUE   
 NUMBER     BALANCE        RATE   P&I PAYMENT  LTV     STATUS        TERM   SERVICER  ORIGINATOR                          DATE  
 -------   ----------     ------  ----------- ----    ---------      ----   --------  ----------                        --------
<S>        <C>            <C>          <C>    <C>     <C>             <C>             <C>                               <C>     
 3940087   146,961.47     11.875      1498.45   85    OWNER           360   ADVANTA   PAN AMERICAN                      09/01/97
 3940335    76,340.64     10.625       706.01   80    OWNER           360   ADVANTA   PAN AMERICAN                      09/01/97
 3940368    75,114.67     10.875       709.05   80    OWNER           360   ADVANTA   PAN AMERICAN                      09/01/97
 3940426   104,878.73       8.75       826.04   70    NON OWNER       360   ADVANTA   PAN AMERICAN                      09/01/97
 3940491   267,284.48       8.75      2106.39   85    OWNER           360   ADVANTA   PAN AMERICAN                      09/01/97
 3940715    25,493.93     12.825        278.6   75    OWNER           360   ADVANTA   E MORTGAGE LLC                    09/01/97
 3940723    78,721.11      10.87       742.23   75    OWNER           360   ADVANTA   MUTUAL EQUITY MORTGAGE COMPANY    09/01/97
 3940731   116,000.00      11.63      1160.26   80    OWNER           360   ADVANTA   E MORTGAGE LLC                    10/01/97
 3940764    67,230.97      12.05       694.33   75    OWNER           360   ADVANTA   MINNESOTA FUNDING AND MORTGAGE    09/01/97
 3940772    33,591.30      12.45        357.3   70    OWNER           360   ADVANTA   CAPITAL LENDERS FUNDING           09/01/97
 3940780    97,559.08      10.25       874.59   80    NON OWNER       360   ADVANTA   CAPITAL LENDERS FUNDING           09/01/97
 3940798    77,000.00      13.88       905.04   70    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3940848    95,900.00       13.5      1098.45   70    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3940855   156,000.00        8.1      1155.57 62.2    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3940863    72,000.00      11.35       704.78   60    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3940871    49,350.00      15.13       629.14   70    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3940897    39,550.00      15.13        504.2   70    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3940939    60,000.00      10.56       551.54 46.2    NON OWNER       360   ADVANTA   AMRESCO                           10/01/97
 3940947   117,600.00      15.13      1499.22   70    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3940954   101,000.00       9.65       860.34 84.2    OWNER           360   ADVANTA   BANKERS MORTGAGE ALLIANCE         10/01/97
 3940970    63,712.00        8.5       489.89   75    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941010   195,500.00       10.4      1773.72   85    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941036    20,000.00      10.06        176.4 58.8    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941051    45,500.00      11.83       462.07 66.9    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941085    50,000.00      10.43       454.75 52.4    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941101    45,050.00      11.65       451.29   85    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941119    98,000.00      10.75       914.81 78.4    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941135    42,500.00      10.78       397.69 62.5    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941143    96,000.00       12.5      1024.57 61.9    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941150   140,000.00       9.55      1182.31   80    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941168    81,600.00      10.05       719.12   80    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941176    43,400.00       11.3       423.18   70    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941200    51,800.00      15.13       660.37   70    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941234    87,000.00       8.99        699.4   75    NON OWNER       360   ADVANTA   AMRESCO                           11/01/97
 3941275    31,500.00      10.21       281.34   70    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941309   119,000.00         15      1504.69   70    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941317    63,000.00      14.38       765.46   70    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941333    53,000.00      10.08       468.25 71.6    OWNER           360   ADVANTA   AMRESCO                           11/01/97
 3941358    19,250.00      13.08       214.15   55    OWNER           360   ADVANTA   AMRESCO                           11/01/97
 3941374    63,375.00      10.93       600.19   75    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941390    85,100.00      12.13       883.87   65    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941408    76,000.00      10.13       674.27   80    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941416   116,200.00      14.63      1434.96   70    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941424    56,000.00      13.88       658.21   70    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941432    64,000.00      11.26       622.09   80    OWNER           360   ADVANTA   AMRESCO                           11/01/97
 3941457    92,000.00       9.95       803.97 68.2    OWNER           360   ADVANTA   AMRESCO                           11/01/97
 3941473    49,200.00       9.85       426.32   80    OWNER           360   ADVANTA   AMRESCO                           10/01/97
 3941515    62,250.00      11.23       603.66   75    OWNER           360   ADVANTA   CHASE MORTGAGE BROKERS INC        10/01/97
 3941523    52,800.00      11.98       542.29   60    OWNER           360   ADVANTA   AMRESCO                           11/01/97
 3941531    52,000.00      12.75       565.08 61.9    OWNER           360   ADVANTA   AMRESCO                           11/01/97
 3941549    28,350.00      12.08       293.36   70    OWNER           360   ADVANTA   AMRESCO                           11/01/97
 3941556   163,800.00       9.75      1407.29   90    OWNER           360   ADVANTA   AMRESCO                           10/01/97
</TABLE>                                                             
                                                                     
                                                                     
                                                                     

                                    Page 4
<PAGE>   8


<TABLE>
<CAPTION>
SERVICER  AMRESCO                                                                                                               
 LOAN      LOAN        LAST                                                                     ZIP     PROPERTY        MATURITY   
 NUMBER   NUMBER       NAME                ADDRESS                       CITY          STATE    CODE    TYPE              DATE     
 ------- ---------    -------         -------------------------       ---------         ---     -----   ----           ----------  
<S>      <C>          <C>             <C>                             <C>                <C>    <C>      <C>           <C>         
 3941564 3941564AD    REED            2613 MASSACHUSSETS              GARY               IN     46407    SFR           10/01/2027  
 3941580 3941580AD    ZISLE           4845 RUBIO AVENUE               ENCINO             CA     91436    SFR           09/01/2027  
 3941606 3941606AD    VOUZOUKAS       1109 FREYBURG STREET            PITTSBURGH         PA     15203    2-4 UNITS     10/01/2027  
 3941622 3941622AD    LEGARE          9553 159TH COURT  NORTH         JUPITER            FL     33478    SFR           09/01/2027  
 3941655 3941655AD    BULLINGTON      1019 GROVE  STREET              EVANSVILLE         IN     47712    SFR           10/01/2027  
 3941663 3941663AD    WORLEY          45121 18TH STREET WEST          LANCASTER          CA     93534    SFR           10/01/2027  
 3941671 3941671AD    ROSENTHAL       2750 KALAPU DRIVE               LAHAINA            HI     96761    CONDO         10/01/2027  
 3941689 3941689AD    LANGFORD        6119 MYRTLE HILL ROAD           VALLEY CITY        OH     44280    SFR           10/01/2027  
 3941697 3941697AD    BLADES          1029 NORTH NATIONAL AVENUE      SPRINGFIELD        MO     65802    SFR           10/01/2027  
 3941705 3941705AD    SIDDOWAY        557 DOE STREET                  HARTSEL            CO     80449    SFR           10/01/2027  
 3941713 3941713AD    CALHOON         6732 SYLVAN                     HOUSTON            TX     77023    SFR           09/01/2027  
 3941739 3941739AD    RAMADANI        17 GORMAN CIRCLE                WATERBURY          CT      6705    SFR           09/01/2027  
 3941747 3941747AD    SNYDER          116 VENICE PLACE                EAST HAVEN         CT      6512    SFR           09/01/2027  
 3941762 3941762AD    RIVERA          15850 SOUTHWEST 141ST  COU      MIAMI              FL     33177    SFR           09/01/2027  
 3941796 3941796AD    MILLER          ROAD 2 BOX 327                  LATROBE            PA     15650    SFR           10/01/2027  
 3941812 3941812AD    SCOTT           2515 SOUTH ARCH STREET          LITTLE ROCK        AR     72206    SFR           09/01/2027  
 3941820 3941820AD    COWLES          2620 WEST WOODLAWN              ANDERSON           IN     46013    SFR           09/01/2027  
 3941846 3941846AD    CALL            448 SOUTH WAYNE                 DANVILLE           IN     46122    SFR           09/01/2027  
 3941853 3941853AD    AL MEZIRAWY     1834 GRAVLEY DRIVE              CARROLLTON         TX     75006    SFR           09/01/2027  
 3941861 3941861AD    SCHNEIDER       1410 EAST ROSSER AVENUE         BISMARCK           ND     58501    2-4 UNITS     09/01/2027  
 3941879 3941879AD    CURRY           8817 SO. BISHOP                 CHICAGO            IL     60620    SFR           09/01/2027  
 3941895 3941895AD    RICHIEZ         524 PARLIMENT ROAD              MARLTON            NJ      8053    SFR           09/01/2027  
 3941903 3941903AD    HALL            5210 14TH STREET NORTHWEST      WASHINGTON         DC     20011    SFR           10/01/2027  
 3941929 3941929AD    DUCKETT         3107 FRISBY AVENUE              BALTIMORE          MD     21218    SFR           09/01/2027  
 3941945 3941945AD    PRAG            1747-49 HILL STREET             RACINE             WI     53402    2-4 UNITS     09/01/2027  
 3942018 3942018AD    CHRISTY         1043 WOOD AVENUE                KIRKWOOD           MO     63122    SFR           09/01/2027  
 3942034 3942034AD    CLARK           2243 IONOFF ROAD                HARRISBURG         PA     17110    CONDO         09/01/2027  
 3942042 3942042AD    MATA            14418 FLAIR DRIVE               HOUSTON            TX     77049    SFR           09/01/2027  
 3942323 3942323AD    TELLER          1674 S. VRAIN ST.               DENVER             CO     80219    SFR           07/01/2027  
 3942547 3942547AD    MAEZ            6170 DEPEW ST.                  ARVADA             CO     80003    SFR           06/01/2027  
 3942638 3942638AD    VILLALOBOS      3148 CAZADOR ST.                LOS ANGELES        CA     90065    SFR           12/01/2026  
 3942984 3942984AD    GROSS           10011 25TH AVE S.E.             EVERETT            WA     98208    SFR           04/01/2027  
 3942992 3942992AD    SHADMAN         634 N. SANTA CRUZ AVE           LOS GATOS          CA     95030    SFR           04/01/2027  
 3943008 3943008AD    BROCKER         11329 172ND DR. N.E.            GRANITE FAL        WA     98252    SFR           04/01/2027  
 3943230 3943230AD    SKEES           1209 167TH AVENUE NORTHEAS      HAM LAKE           MN     55304    SFR           09/01/2027  
 3943255 3943255AD    SCHMERSAHL      445 KITCHELL AVENUE             ST. CLAIR          MO     63077    SFR           09/01/2027  
 3943297 3943297AD    ARRUDA          17230 PARKVALLEY AVENUE         PALMDALE AR        CA     93591    SFR           09/01/2027  
 3943305 3943305AD    FREEMAN         5512 EAST BEACH DRIVE           LONG BEACH         NC     28465    SFR           09/01/2027  
 3943354 3943354AD    CERDA           215 SOUTH RAUL LONGORIA         EDINGURG           TX     78539    SFR           09/01/2027  
 3943370 3943370AD    GEILEAR         55 EAST MAIN STREET             MIDDLEBORO         MA      2346    SFR           09/01/2027  
 3943388 3943388AD    NORWOOD         5140 MORGAN TERRITORY ROAD      CLAYTON            CA     94517    SFR           09/01/2027  
 3943396 3943396AD    HAGGERTY        15 RIDGEWOOD ROAD               WEST HARTFO        CT      6107    SFR           09/01/2027  
 3943404 3943404AD    YARBOROUGH      718 TEWKESBURY PLACENORTHW      WASHINGTON         DC     20012    SFR           09/01/2027  
 3943412 3943412AD    ANTHONY         565 NORTH GALE STREET           HEPPNER            OR     97836    SFR           09/01/2027  
 3943453 3943453AD    PUNCH           1455 SOUTH ASPEN STREET         LINCOLNTON         NC     28092    SFR           10/01/2027  
 3943461 3943461AD    HIDER           4108 SAND PIPER CIRCLE          STOW               OH     44224    SFR           10/01/2027  
 3943479 3943479AD    SPENCE          RR #1 BOX 154B                  CORSICA            PA     15829    SFR           10/01/2027  
 3943495 3943495AD    MARTIN          1032 BUCHANAN TRAIL EAST        GREENCASTLE        PA     17225    SFR           10/01/2027  
 3943511 3943511AD    CASBY           12725 WEST 94TH TERRACE         LENEXA             KS     66215    SFR           10/01/2027  
 3943578 3943578AD    GEREMIA         10 RYAN CIRCLE                  HOPKINTON          RI      2832    SFR           10/01/2027  
 3943594 3943594AD    RYDER           7645 SE EVERGREEN STREET        PORTLAND           OR     97206    SFR           09/01/2027  
 3943602 3943602AD    ARLIGE          9403 SOUTH ST. LAWRENCE         CHICAGO            IL     60643    2-4 UNITS     10/01/2027  


<CAPTION>
SERVICER    9/1/97
 LOAN       SCHEDULE  CURRENT   CURRENT              OCCUPANCY    ORIGINAL                                                DUE    
 NUMBER     BALANCE    RATE   P&I PAYMENT     LTV     STATUS        TERM   SERVICER  ORIGINATOR                          DATE  
 -------   ---------- ------  -----------    ----    ---------      ----   --------  ----------                        --------
<S>        <C>        <C>          <C>       <C>     <C>             <C>   <C>         <C>                             <C>     
 3941564    24,000.00     11       228.56      80    OWNER           360   ADVANTA     AMRESCO                         11/01/97
 3941580   152,800.00   9.55       1290.4      80    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3941606    30,495.00  12.83       333.29      61    OWNER           360   ADVANTA     AMRESCO                         11/01/97
 3941622   195,500.00    9.4      1629.63      85    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3941655    24,500.00   11.7       246.37    75.4    OWNER           360   ADVANTA     AMRESCO                         11/01/97
 3941663    59,925.00  10.35       541.45      75    OWNER           360   ADVANTA     AMRESCO                         11/01/97
 3941671   122,250.00   9.68      1044.04      75    OWNER           360   ADVANTA     AMRESCO                         11/01/97
 3941689    67,000.00   9.15       546.34    29.1    OWNER           360   ADVANTA     AMRESCO                         11/01/97
 3941697    28,350.00   12.2       295.98      70    OWNER           360   ADVANTA     AMRESCO                         11/01/97
 3941705    51,000.00  10.88       481.07      80    OWNER           360   ADVANTA     AMRESCO                         11/01/97
 3941713    79,200.00  11.38       777.07      90    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3941739    42,750.00   11.1       410.35      75    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3941747   108,000.00   9.65       919.97      80    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3941762   160,920.00   9.75      1382.55      90    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3941796    64,000.00   9.68       546.57      80    OWNER           360   ADVANTA     AMRESCO                         11/01/97
 3941812    42,000.00   12.2       438.49      70    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3941820    88,650.00   9.25        729.3      90    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3941846    67,410.00  10.75       629.26      90    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3941853    59,925.00  11.05       572.94      75    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3941861    40,800.00   9.85       353.54      60    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3941879    63,000.00  11.26       612.37      70    NON OWNER       360   ADVANTA     AMRESCO                         10/01/97
 3941895   157,500.00  11.73      1587.41      90    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3941903   147,000.00   9.23       1207.2    62.6    OWNER           360   ADVANTA     AMRESCO                         11/01/97
 3941929    37,500.00  12.23       392.38      75    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3941945    45,000.00   9.91       391.92      75    NON OWNER       360   ADVANTA     AMRESCO                         10/01/97
 3942018   119,920.00      9        964.9      80    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3942034    74,900.00  11.43       737.73      75    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3942042    34,450.00   12.5       367.67      65    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3942323    93,494.67  8.875       744.72    77.4    OWNER           360   ADVANTA     PAN AMERICAN                    09/01/97
 3942547   131,476.20  7.875       955.28      85    OWNER           360   ADVANTA     PAN AMERICAN                    09/01/97
 3942638   133,030.75  9.625      1135.59      80    OWNER           360   ADVANTA     PAN AMERICAN                    09/01/97
 3942984   165,284.07   9.75      1424.05      85    OWNER           360   ADVANTA     PAN AMERICAN                    09/01/97
 3942992   339,193.85   9.75      2921.13    79.6    OWNER           360   ADVANTA     PAN AMERICAN                    09/01/97
 3943008    80,799.64   9.75       695.92      75    OWNER           360   ADVANTA     PAN AMERICAN                    09/01/97
 3943230    73,000.00   9.55       616.49    69.5    OWNER           360   ADVANTA     GREAT NORTHERN MORTGAGE CORP    10/01/97
 3943255    46,130.00   13.7       535.65      70    OWNER           360   ADVANTA     DOERING MORTGAGE CORPORATION    10/01/97
 3943297    31,500.00  11.03        300.7      75    NON OWNER       360   ADVANTA     AMRESCO                         10/01/97
 3943305    63,000.00  10.98       599.01      70    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3943354    63,600.00     11       605.68      80    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3943370   125,000.00   9.04      1009.38    64.8    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3943388   280,000.00    9.5      2354.39      80    OWNER           360   ADVANTA     BANKERS MORTGAGE ALLIANCE       10/01/97
 3943396   148,800.00   9.88      1292.65      80    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3943404    85,400.00  15.13      1088.72      70    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3943412    59,200.00   9.88       514.28      80    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3943453   125,025.00   9.88      1086.11      75    OWNER           360   ADVANTA     AMRESCO                         11/01/97
 3943461    95,550.00  13.75      1113.27      70    OWNER           360   ADVANTA     AMRESCO                         11/01/97
 3943479    76,179.00  12.88       835.55    66.2    OWNER           360   ADVANTA     AMRESCO                         11/01/97
 3943495   162,000.00  13.63      1872.15    64.8    OWNER           360   ADVANTA     AMRESCO                         11/01/97
 3943511    81,600.00  10.48       745.21      85    OWNER           360   ADVANTA     AMRESCO                         11/01/97
 3943578   140,000.00  10.18      1247.26      80    OWNER           360   ADVANTA     AMRESCO                         11/01/97
 3943594    59,200.00   9.48       496.92      80    OWNER           360   ADVANTA     AMRESCO                         10/01/97
 3943602    68,500.00  12.58       735.33    72.1    OWNER           360   ADVANTA     AMRESCO                         11/01/97
</TABLE>                                                             
                                                                     
                                                                     

                                    Page 5
<PAGE>   9


<TABLE>
<CAPTION>
SERVICER  AMRESCO                                                                                                               
 LOAN      LOAN        LAST                                                                     ZIP    PROPERTY      MATURITY   
 NUMBER   NUMBER       NAME                ADDRESS                       CITY          STATE    CODE   TYPE            DATE     
 ------- ---------    -------         -------------------------       ---------         ---     -----  ----         ----------  
<S>      <C>          <C>             <C>                             <C>                <C>    <C>     <C>         <C>         
 3943628 3943628AD    RICHARDSON      2020 DECKNER AVENUE             GREEN BAY          WI     54302   SFR         09/01/2027  
 3943651 3943651AD    SMITH           515 EAST 14TH STREET            WINSTON-SAL        NC     27105   SFR         10/01/2027  
 3943677 3943677AD    CRAWFORD        123 E. MISSISSIPPI AVENUE       LONG BEACH         NJ      8008   SFR         10/01/2027  
 3943685 3943685AD    TRAMMELL        10629 STRADFORD ROW             ORLANDO            FL     32817   SFR         09/01/2027  
 3943693 3943693AD    BRACKETT        200 BRITON WAY                  GREENVILLE         SC     29615   SFR         10/01/2027  
 3943719 3943719AD    PAULK           1910 CHERRY BEND DRIVE          LITTLE ROCK        AR     72211   SFR         09/01/2027  
 3943743 3943743AD    ZWIGART         337 FAWCETT CHURCH RD           CECIL              PA     15317   SFR         09/01/2027  
 3943768 3943768AD    PORTER          741 CLEMENT AVENUE              CHARLOTTE          NC     28204   SFR         10/01/2012  
 3943776 3943776AD    MALONEY         27 CRESTWOOD ROAD               LEVITTOWN          PA     19056   SFR         09/01/2027  
 3943784 3943784AD    WOOLHISER       23251 STANDARD DEDEAUX ROA      PASS CHRIST        MS     39571   SFR         10/01/2027  
 3943800 3943800AD    VON NAU         433 WEST 97TH                   CHICAGO            IL     60628   SFR         10/01/2027  
 3944337 3944337AD    JIMENEZ                                    1136 LOS ANGELES        CA     90001   SFR         06/01/2027  
 3944469 3944469AD    BAUGHMAN        8828 GLIDER AVE                 LOS ANGELES        CA     90045   SFR         07/01/2027  
 3944535 3944535AD    ONEAL           695 E. LA VERNE AVE             POMONA             CA     91767   SFR         07/01/2027  
 3944709 3944709AD    GOMEZ           27931 WAYNE LANE                ROMOLAND           CA     92585   SFR         07/01/2027  
 3944931 3944931AD    JENNINGS        11534 18TH PL S.W.              SEATTLE            WA     98146   SFR         07/01/2027  
 3945078 3945078AD    SMITH           976 S. 300 E.                   SALT LAKE C        UT     84111   SFR         07/01/2027  
 3945144 3945144AD    BASTIDOS        12505 PENN STREET               WHITTIER           CA     90620   2-4 UNITS   08/01/2027  
 3945227 3945227AD    BASTIDOS        6510 ELMQUIST AVENUE            WHITTIER           CA     90601   SFR         08/01/2027  
 3945300 3945300AD    DOYLE           1935 NORTH CATALINA STREET      LOS ANGELES        CA     90027   SFR         08/01/2027  
 3945417 3945417AD    GILCHRIST       357 PALM VISTA DRIVE            PALM SPRING        CA     92262   SFR         08/01/2027  
 3945441 3945441AD    WOOLARD         1153-1155 WEST 37TH STREET      LOS ANGELES        CA     90007   2-4 UNITS   08/01/2027  
 3945532 3945532AD    WOOLARD         2254-2256 WEST 27TH STREET      LOS ANGELES        CA     90018   2-4 UNITS   08/01/2027  
 3945573 3945573AD    LACSON          7836 LA COSTA CIRCLE            BUENA PARK         CA     90620   SFR         08/01/2027  
 3945615 3945615AD    GARCIA          145 EAST 220TH STREET           CARSON             CA     90745   CONDO       08/01/2027  
 3945730 3945730AD    CROSS           5655 SAN FELIPE                 HOUSTON            TX     77056   SFR         08/01/2027  
 3945748 3945748AD    COWEN           916 HANRATTY DR.                YAKIMA             WA     98902   SFR         02/01/2027  
 3945854 3945854AD    MANSFIELD       25791 MIDDLERIDGE LANE          LAGUNA HILL        CA     92653   SFR         07/01/2027  
 3945896 3945896AD    BONNER          348 W. 300 S.                   HEBER CITY         UT     84032   SFR         07/01/2027  
 3945938 3945938AD    RUBENS          501 54TH AVE E.                 FIFE               WA     98424   SFR         07/01/2027  
 3946001 3946001AD    MEUCHEL         285 S. 5TH ST                   ST. HELENS         OR     97051   SFR         07/01/2027  
 3946118 3946118AD    HASSELL         8285 BLACKWELL RD.              CENTRAL POI        OR     97502   SFR         07/01/2027  
 3946316 3946316AD    JEZBERA         3046 RONALD ST.                 RIVERSIDE          CA     92506   SFR         04/01/2027  
 3946340 3946340AD    JEZBERA         5915 TOWER RD                   RIVERSIDE          CA     92506   SFR         04/01/2027  
 3946423 3946423AD    JEZBERA         7514 MOUNT VERNON ST.           RIVERSIDE          CA     92504   SFR         04/01/2027  
 3946795 3946795AD    MORRIS          731 SAMUELS AVE                 FT WORTH           TX     76102   SFR         09/01/2012  
 3946803 3946803AD    THOMPSON        3201 OAK HILL DRIVE             GARLAND            TX     75043   SFR         10/01/2027  
 3946845 3946845AD    RUCKER          5906 JORDAN AVENUE              EL CERRITO         CA     94530   SFR         09/01/2027  
 3946852 3946852AD    BLACK           962 MATHIS HILL ROAD            YONCALLA           OR     97499   SFR         09/01/2027  
 3946878 3946878AD    RANDALL         1307 MORENO WAY                 OCEANSIDE          CA     92054   SFR         10/01/2027  
 3946886 3946886AD    BLAKE           303 WASHINGTON STREET           MIDDLETOWN         MD     21204   SFR         09/01/2027  
 3946894 3946894AD    FOSTER          62 SPRING DRIVE NORTHEAST       NEWARK             OH     43055   SFR         10/01/2027  
 3946928 3946928AD    ARTHUR          235 UILAMA STREET               KAILUA             HI     96734   SFR         10/01/2027  
 3946944 3946944AD    NAWAI           3766 LOHE STREET                KALAHEO            HI     96741   SFR         10/01/2027  
 3946985 3946985AD    MITCHELL        1001 OVERBROOK ROAD             WILMINGTON         DE     19807   SFR         09/01/2027  
 3947009 3947009AD    HARMON          5760 SOUTHEAST HARRISON         MILWAUKIE          OR     97222   SFR         10/01/2027  
 3947025 3947025AD    KOVACH          1445-1447 WEST 110TH STREE      CLEVELAND          OH     44102   2-4 UNITS   10/01/2027  
 3947066 3947066AD    MEYERS          1115 EAST OKLAHOMA AVENUE       MILWAUKEE          WI     53207   SFR         10/01/2027  
 3947074 3947074AD    GIDLEY          8216 PLEASANT GROVE ROAD S      TURNER             OR     97392   SFR         10/01/2027  
 3947090 3947090AD    DENNIS          160 SOUTH IRWIN STREET          DAYTON             OH     45403   SFR         10/01/2027  
 3947124 3947124AD    ROYBAL          714 FRANKLIN AVENUE             SANTA FE           NM     87501   2-4 UNITS   10/01/2027  
 3947132 3947132AD    HODGES          1418 S STREET SOUTHEAST         WASHINGTON         DC     20020   SFR         10/01/2027  

<CAPTION>
SERVICER   9/1/97
 LOAN      SCHEDULE  CURRENT   CURRENT        OCCUPANCY    ORIGINAL                                                DUE          
 NUMBER    BALANCE    RATE   P&I PAYMENT  LTV  STATUS        TERM SERVICER  ORIGINATOR                            DATE 
 -------  ---------- ------  ----------- ---- ---------      ---- --------  ----------                          --------
<S>       <C>        <C>          <C>    <C>  <C>             <C>             <C>                               <C>  
 3943628   61,115.00   9.98       535.42   85 OWNER           360 ADVANTA     AMRESCO                           10/01/97  
 3943651   45,500.00  15.13       580.05   70 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3943677  350,000.00  10.19      3120.75   70 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3943685  126,000.00   9.75      1082.53   90 OWNER           360 ADVANTA     AMRESCO                           10/01/97  
 3943693  135,100.00  14.38      1641.48   70 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3943719  127,200.00  10.85      1196.96   80 OWNER           360 ADVANTA     AMRESCO                           10/01/97  
 3943743  132,000.00  11.73       1330.4 79.5 OWNER           360 ADVANTA     AMRESCO                           10/01/97  
 3943768  136,500.00  12.58      1689.51   70 OWNER           180 ADVANTA     AMRESCO                           11/01/97  
 3943776   85,500.00  12.23       894.63   75 OWNER           360 ADVANTA     AMRESCO                           10/01/97  
 3943784   37,500.00    9.5       315.32   75 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3943800   53,300.00  10.65       493.54   65 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3944337  151,791.12  9.875      1319.89   80 NON OWNER       360 ADVANTA     PAN AMERICAN                      09/01/97  
 3944469  198,475.54  7.875      1441.08   75 OWNER           360 ADVANTA     PAN AMERICAN                      09/01/97  
 3944535   76,596.72      8        562.8   65 NON OWNER       360 ADVANTA     PAN AMERICAN                      09/01/97  
 3944709   82,404.72   8.75       649.03   65 OWNER           360 ADVANTA     PAN AMERICAN                      09/01/97  
 3944931  151,824.45   8.75      1195.79 84.4 OWNER           360 ADVANTA     PAN AMERICAN                      09/01/97  
 3945078   79,927.00  9.875       694.68   78 OWNER           360 ADVANTA     PAN AMERICAN                      09/01/97  
 3945144  106,465.06  11.38      1044.92   75 NON OWNER       360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3945227  291,084.03  10.49      2661.54   80 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3945300  124,940.19   9.63      1062.94   50 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3945417   38,981.58   9.69       333.35   75 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3945441  127,438.86   9.62      1083.27   75 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3945532  119,942.45   9.62      1019.55   75 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3945573  150,230.92   9.82      1299.04   90 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3945615  153,510.15   8.67      1199.61   80 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3945730  233,083.34   9.42      1947.28   80 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3945748   59,788.45    9.5       504.51   75 OWNER           360 ADVANTA     PAN AMERICAN                      09/01/97  
 3945854  419,420.02  7.875      3045.29   80 OWNER           360 ADVANTA     PAN AMERICAN                      09/01/97  
 3945896   77,129.55  9.875       670.37   80 OWNER           360 ADVANTA     PAN AMERICAN                      09/01/97  
 3945938   56,147.24  9.125       457.67   75 OWNER           360 ADVANTA     PAN AMERICAN                      09/01/97  
 3946001   83,124.09  9.875       722.47   80 OWNER           360 ADVANTA     PAN AMERICAN                      09/01/97  
 3946118   68,330.51  7.875       496.13   84 OWNER           360 ADVANTA     PAN AMERICAN                      10/01/97  
 3946316   97,274.84  9.875       846.64   80 OWNER           360 ADVANTA     PAN AMERICAN                      09/01/97  
 3946340   97,274.84  9.875       846.64   75 OWNER           360 ADVANTA     PAN AMERICAN                      09/01/97  
 3946423  104,757.49  9.875       911.77   75 OWNER           360 ADVANTA     PAN AMERICAN                      09/01/97  
 3946795   85,850.00    8.5        845.4 78.1 OWNER           180 ADVANTA     AMRESCO                           10/01/97  
 3946803  128,100.00   8.55       989.52 82.7 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3946845   75,000.00  10.55       688.86 52.5 OWNER           360 ADVANTA     AMRESCO                           10/01/97  
 3946852   82,500.00    7.9       599.61   75 OWNER           360 ADVANTA     AMRESCO                           10/01/97  
 3946878  153,900.00  10.25       1379.1   90 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3946886  140,250.00  10.63      1296.57   85 OWNER           360 ADVANTA     AMRESCO                           10/01/97  
 3946894   44,800.00   9.05       362.08   70 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3946928  332,000.00   9.85       2876.8   80 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3946944  163,100.00     14      1932.53   70 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3946985  103,500.00  10.68       960.71   23 OWNER           360 ADVANTA     AMRESCO                           10/01/97  
 3947009   69,000.00  11.55       685.93   60 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3947025   42,375.00  11.05       405.15   75 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3947066   60,800.00  10.73       566.64   80 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3947074  217,500.00  11.05      2079.52   75 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3947090   22,750.00  11.25       220.96 63.2 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3947124  137,600.00  11.76         1390   80 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3947132   75,750.00  11.05       724.25   75 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
</TABLE>




                                    Page 6
<PAGE>   10



<TABLE>
<CAPTION>
SERVICER  AMRESCO                                                                                                               
 LOAN      LOAN        LAST                                                                     ZIP    PROPERTY        MATURITY   
 NUMBER   NUMBER       NAME                ADDRESS                       CITY          STATE    CODE   TYPE              DATE    
 ------- ---------    -------         -------------------------       ---------         ---     -----  ----           ---------- 
<S>      <C>          <C>             <C>                             <C>                <C>    <C>     <C>           <C>        
 3947165 3947165AD    HODGE           1231 NORTHWEST 176 TERRACE      MIAMI              FL     33169   SFR           09/01/2027 
 3947173 3947173AD    GERKHARDT       313 KAREN GLEN WAY              BRODHEADSVI        PA     18322   SFR           10/01/2027 
 3947207 3947207AD    BEHA            607 7TH AVENUE                  PARKERSBURG        WV     26101   SFR           10/01/2027 
 3947215 3947215AD    HARGRAVE        2134 ALSACE AVENUE              LOS ANGELES        CA     90016   SFR           10/01/2027 
 3947231 3947231AD    ROBINSON        604 WEST UNION STREET           MARSHVILLE         NC     28103   SFR           10/01/2027 
 3947249 3947249AD    BOSSHART        1480 128TH STREET SOUTHWES      BLOOMING PR        MN     55917   SFR           10/01/2027 
 3947256 3947256AD    REED            4228 STIRLING STREET            PHILADELPHI        PA     19135   SFR           10/01/2027 
 3947306 3947306AD    MCLAUGHLIN      3559 BROWNSVILLE ROAD           NEWARK             OH     43055   SFR           10/01/2027 
 3947314 3947314AD    MCFAYDEN        154 MAXSON HILL ROAD            HOPKINTON          RI      2804   SFR           10/01/2027 
 3947322 3947322AD    HENRY           17230 PEACH CREEK DRIVE         CONROE             TX     77303   SFR           10/01/2027 
 3947355 3947355AD    FLYNN           4 ROBIN COURT                   CHESTER TWP        NJ      7930   SFR           10/01/2027 
 3947363 3947363AD    MOORE           497 PAYLESS ROAD                REIDSVILLE         NC     27320   SFR           10/01/2027 
 3947389 3947389AD    THOMAS          9612 MATHOG ROAD                RIVERVIEW          FL     33569   SFR           10/01/2027 
 3947447 3947447AD    LONG            710 SHADY CREEK DRIVE           GREENWOOD          IN     46142   SFR           08/01/2027 
 3947496 3947496AD    BEROLO          735 SHELBORNE DR.               TRACY              CA     95376   SFR           08/01/2027 
 3947504 3947504AD    KOTWICKI        5875 SYCAMORE HILL ROAD         NEW CASTLE         CA     95658   SFR           08/01/2027 
 3947512 3947512AD    RILES           522 WEST 78TH ST.               LOS ANGELES        CA     90044   SFR           08/01/2027 
 3947538 3947538AD    WASHINGTON      4731 CERRILLOS DR.              WOODLAND HI        CA     91364   SFR           08/01/2027 
 3947553 3947553AD    OAKLEY          951-953 E. BLACKFORD            EVANSVILLE         IN     47713   2-4 UNITS     08/01/2027 
 3947579 3947579AD    HARPER          484 LARSON COURT                MARINA             CA     93933   SFR           08/01/2027 
 3947686 3947686AD    WILKINS         1799 NEWPOINT AVE               PASADENA           CA     91103   SFR           08/01/2027 
 3947892 3947892AD    REITMEYER       RR #1                           VINCENNES          IN     47591   SFR           08/01/2027 
 3948072 3948072AD    HENDRIXSON      105 W. SWARTZEL AVE             VINCENNES          ID     47591   SFR           08/01/2027 
 3948106 3948106AD    OAKES           665 WEST RUSSELL LAKE DRIV      ZIONSVILLE         IN     46077   SFR           08/01/2027 
 3948205 3948205AD    SWALLOW         1224 SOUTH 21ST STREET          RICHMOND           IN     47374   MANUFACTURE   08/01/2027 
 3948312 3948312AD    REDIFER         856 BRIARPATCH LANE             GREENWOOD          IN     46142   SFR           08/01/2027 
 3948387 3948387AD    RISNER          102 SOUTH BOWER STREET          KNOX               IN     46534   SFR           08/01/2027 
 3948585 3948585AD    BLAND           404 18TH STREET                 TELL CITY          IN     47586   SFR           08/01/2027 
 3948619 3948619AD    CRUM            204 BROWN STREET                MT. VERNON         IN     47620   SFR           08/01/2027 
 3948627 3948627AD    HUNTER          3961 GRAND AVENUE               INDIANAPOLI        IN     46226   SFR           08/01/2027 
 3948759 3948759AD    HENRIXSON       609 NORTH 2ND STREET            VINCENNES          IN     47591   SFR           08/01/2027 
 3949096 3949096AD    KIRKBRIDE       722 LINWOOD AVENUE              INDIANAPOLI        IN     46201   SFR           08/01/2027 
 3949153 3949153AD    SHIPMAN         3819 WRENTHAM DRIVE             ARLINGTON          TX     76016   SFR           08/01/2027 
 3950771 3950771AD    THOMPSON        BOX 83 HIGHWAY 136 WEST         NEW ROSS           IN     47968   SFR           08/01/2027 
 3950813 3950813AD    JOSLIN          68210 MODALO ROAD               CATHEDRAL C        CA     92235   SFR           08/01/2027 
 3950839 3950839AD    JEZBERA         1515 RANSOM RD.                 RIVERSIDE          CA     92506   SFR           07/01/2027 
 3950847 3950847AD    BUSHMAN         29328 36TH AVE S.               AUBURN             WA     98001   SFR           07/01/2027 
 3956158 3956158AD    TUCKER          3395 SOUTH JOHNS AVENUE         EMMETT             ID     83617   SFR           08/01/2027 
 3956166 3956166AD    MIDKIFF         319 E. WALNUT                   BOONVILLE          ID     47601   SFR           08/01/2027 
 3956240 3956240AD    NAPIER          170 EAST MULBERRY STREET        MORGANTOWN         IN     46160   SFR           08/01/2027 
 3957032 3957032AD    YOUN            4121 RICE STREET                LIHUE              HI     96766   CONDO         10/01/2027 
 3957040 3957040AD    SERIO           5180 LIKINI ST #102             HONOLULU           HI     96818   CONDO         10/01/2027 
 3957057 3957057AD    EDWARDS         17495 OLD MONTE RIO ROAD        GUERNEVILLE        CA     95446   SFR           10/01/2027 
 3957073 3957073AD    HARTFORD        508 FAIRMOUNT AVENUE            CHATHAM TOW        NJ      7928   SFR           10/01/2027 
 3957107 3957107AD    PACULOR         94-542 AWAMOI STREET            WAIPAHU            HI     96797   SFR           10/01/2027 
 3957123 3957123AD    DUBOIS          1 CINDY AVENUE                  SALEM              NH      3079   SFR           09/01/2027 
 3957180 3957180AD    QUEEN           240 SUTTON CREEK ROAD           PISGAH FORE        NC     28768   SFR           10/01/2027 
 3957222 3957222AD    HAMMONS         3298 WINDEMERE CIRCLE           MEMPHIS            TN     38125   SFR           10/01/2027 
 3957230 3957230AD    DRYDEN          5778 EAST BERMUDA CIRCLE        WEST PALM          FL     33407   SFR           10/01/2027 
 3957248 3957248AD    KNOPE           4 GRANITE STREET                ROCKINGHAM         NH      3857   2-4 UNITS     10/01/2027 
 3957271 3957271AD    ROSCOE          912 WINGFIELD AVENUE            CHESAPEAKE         VA     23324   SFR           10/01/2027 
 3957289 3957289AD    JONES           3408 W. VIA DEL SOL DRIVE       PHOENIX            AZ     85027   SFR           10/01/2027 


<CAPTION>
SERVICER    9/1/97
 LOAN       SCHEDULE  CURRENT   CURRENT        OCCUPANCY    ORIGINAL                                                DUE          
 NUMBER     BALANCE    RATE   P&I PAYMENT  LTV  STATUS        TERM SERVICER  ORIGINATOR                            DATE 
 -------   ---------- ------  ----------- ---- ---------      ---- --------  ----------                          --------
<S>        <C>        <C>          <C>    <C>  <C>             <C>             <C>                               <C>  
 3947165    61,100.00  12.75       663.97   65 OWNER           360 ADVANTA     AMRESCO                           10/01/97  
 3947173   119,000.00  10.83      1118.01   70 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3947207    22,680.00  13.08       252.31   70 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3947215   132,200.00   8.65      1030.59   80 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3947231    20,350.00  11.83       206.66   55 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3947249    34,100.00  12.33       359.44   55 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3947256    45,500.00  10.88       429.19 68.9 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3947306    82,600.00   7.27        564.6 56.2 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3947314    81,600.00  11.18       788.21   80 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3947322    24,900.00  11.15       239.96 33.2 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3947355   270,000.00   8.92      2156.96 64.3 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3947363    37,100.00  15.13       472.97   70 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3947389    68,400.00   10.5       625.68   90 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3947447   115,951.35  10.25      1039.48   80 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3947496   171,615.01   9.47      1439.99 87.6 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3947504   399,843.77  10.58       3682.9 66.7 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3947512    64,961.34   8.59       503.95 54.2 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3947538   457,236.79   8.75      3599.15 71.5 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3947553    45,486.24  11.75       459.28   70 NON OWNER       360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3947579   223,854.81   8.17      1670.26   80 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3947686   154,902.97   8.34      1174.28 57.4 NON OWNER       360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3947892   115,945.31    9.7       992.36   80 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3948072    42,376.69   8.97       340.25   80 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3948106    90,915.39   10.7       845.58   80 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3948205    62,224.17   10.3       560.14   75 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3948312   114,357.31  10.79      1071.34   80 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3948387    59,966.12   8.84       475.88 83.3 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3948585    40,308.17  11.89       411.33   80 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3948619    23,790.06  10.27       213.63   70 NON OWNER       360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3948627    45,028.54   9.65       383.74   85 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3948759    32,582.09   8.97        261.6   80 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3949096    59,896.14  10.49       547.66   80 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3949153    53,178.81  10.49       486.25   80 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3950771   111,928.58   8.25       841.42   80 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3950813    70,460.52   8.88       561.18   75 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3950839   157,327.29      9      1267.28   75 NON OWNER       360 ADVANTA     PAN AMERICAN                      09/01/97  
 3950847   115,494.53  9.875      1003.81   85 OWNER           360 ADVANTA     PAN AMERICAN                      09/01/97  
 3956158   118,442.32   9.55      1000.74   75 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3956166    31,488.27   10.8       295.23   70 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3956240    67,976.49  11.14       654.78   80 OWNER           360 ADVANTA     CHADWICK MORTGAGE INC             09/01/97  
 3957032    59,200.00   8.55        457.3   80 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3957040   105,400.00   9.13       857.95   85 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3957057   124,000.00  10.48      1132.42   80 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3957073   228,000.00  10.93      2159.25   80 OWNER           360 ADVANTA     CAPITAL FINANCIAL CORPORATION     11/01/97  
 3957107   205,000.00  11.85      2085.02 52.6 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3957123   102,200.00   14.5       1251.5   70 OWNER           360 ADVANTA     AMRESCO                           10/01/97  
 3957180    36,000.00  10.68       334.16   48 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3957222   304,000.00   10.1      2690.31   80 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3957230    47,700.00   11.5       472.37   90 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3957248    48,750.00   12.6       524.07   75 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3957271    40,000.00  12.88       438.73   80 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
 3957289    87,500.00   9.55       738.94   70 OWNER           360 ADVANTA     AMRESCO                           11/01/97  
</TABLE>



                                    Page 7
<PAGE>   11

<TABLE>
<CAPTION>
SERVICER  AMRESCO                                                                                                                
 LOAN      LOAN        LAST                                                                     ZIP     PROPERTY        MATURITY  
 NUMBER   NUMBER       NAME                ADDRESS                       CITY          STATE    CODE    TYPE              DATE    
 ------- ---------    -------         -------------------------       ---------         ---     -----   ----           ---------- 
<S>      <C>          <C>             <C>                             <C>                <C>    <C>      <C>           <C>        
10002103 10002103AD   LUZAICH         5111 CIRCLE DOWNS               GOLDEN VALL        MN     55416    SFR           08/01/2027 
10002129 10002129AD   GREENE          105205 NORTH SHORE DRIVE        SPICER             MN     56288    SFR           09/01/2027 
10002145 10002145AD   MANN            627 HARMONY CIRCLE              WAYZATA            MN     55391    SFR           09/01/2027 
10002160 10002160AD   VIERRA          02-3043 KAUMUALII HIGHWAY       KALAHEO            HI     96741    SFR           09/01/2027 
10002194 10002194AD   CHU             45-621 UHILEHUA STREET          KANEOHE            HI     96744    SFR           10/01/2027 
10002202 10002202AD   MUEDINI         1328 MADISON AVENUE             SOUTH MILWA        WI     53172    2-4 UNITS     10/01/2027 
10002228 10002228AD   GREENE          29 ADDLESTONE AVENUE            CHARLESTON         SC     29403    SFR           10/01/2027 
10002269 10002269AD   GIBSON          1107 FORNICOLA STREET           DOVER              NJ      8753    SFR           10/01/2027 
10002327 10002327AD   ZUMWALT         3008 SOUTH 1000 EAST            SALT LAKE C        UT     84106    SFR           10/01/2027 
10002335 10002335AD   CLAY            2386 WESTLAND WAY               ACWORTH            GA     30102    SFR           10/01/2027 
10002343 10002343AD   MOURADIAN       939 HAZEL AVENUE                AMBRIDGE           PA     15003    SFR           10/01/2027 
10002368 10002368AD   SMITH           102 NORTH 17TH STREET           COLUMBUS           OH     43203    SFR           10/01/2027 
10002426 10002426AD   CONNOLLY        764 SCHOOL LANE                 FOLCROFT           PA     19032    SFR           10/01/2027 
10002442 10002442AD   MUNOZ           2101 S 15TH PLACE               MILWAUKEE          WI     53215    2-4 UNITS     10/01/2012 
10002459 10002459AD   BELFIORE        810 SOUTH HONORE                CHICAGO            IL     60620    SFR           10/01/2027 
10002467 10002467AD   PITTMAN         510 CHANDLER AVE                EVANSVILLE         IN     47713    SFR           10/01/2027 
10002475 10002475AD   SAGASTUME       1714 EAST PRATT STREET          BALTIMORE          MD     21231    SFR           10/01/2027 
10002483 10002483AD   SHOSKY          795 SOUTH CLARKSON STREET       DENVER             CO     8E+08    SFR           10/01/2027 
10002491 10002491AD   BROWN           5080 MARTIN LUTHER KING BO      DENVER             CO     80207    SFR           10/01/2027 
10002509 10002509AD   MOOMEY          1248 18TH AVENUE SOUTHWEST      CEDAR RAPID        IA     52404    SFR           10/01/2027 
10002525 10002525AD   STONE           365 STATE STREET                WADSWORTH          OH     44281    SFR           10/01/2027 
10002533 10002533AD   MEINER          1920 THE OAKS AVENUE            MEMPHIS            TN     38127    SFR           10/01/2027 
10002558 10002558AD   KOHLMANN        N5265 HILLCREST DRIVE           PLYMOUTH           WI     53073    SFR           10/01/2027 
10002566 10002566AD   DUVAL           355-357 HIGH STREET             LOWELL             MA      1852    2-4 UNITS     10/01/2027 
10002574 10002574AD   MCPHERSON       6400 SENTRY WAY NORTH           SUFFOLK            VA     23435    SFR           10/01/2027 
10007862 10007862AD   DUTCHER         70 N. ELM ST.                   ENGLEWOOD          FL     34223    SFR           09/01/2027 
10007904 10007904AD   HORGEN          6454 SE MONROE ST.              MILWAUKEE          OR     97222    SFR           09/01/2027 
10008266 10008266AD   MANN            8525 RAVENDALE RD               SAN GABRIEL        CA     91775    SFR           09/01/2027 
10010973 10010973AD   GODIN           1276-1278 SPERLING COURT        NAPLES             FL     34103    SFR           09/01/2027 
10012458 10012458AD   WILLIAMS        8001 SUNSET STRIP               SUNRISE            FL     33322    SFR           09/01/2027 
10012508 10012508AD   GOFF            8440 RHODE ISLAND DRIVE NO      BROOKLYN PA        MN     55445    SFR           09/01/2027 
10012516 10012516AD   GILLETTE        2637/2639 1/2 SOMERSET DRI      LOS ANGELES        CA     90016    2-4 UNITS     09/01/2027 
10012532 10012532AD   HOLMES          38 NORTH                        SPRINGVILLE        UT     84663    SFR           09/01/2027 
10012540 10012540AD   OROZCO          1805 DONAX AVENUE               SAN DIEGO          CA     92154    SFR           10/01/2027 
10012565 10012565AD   BUTLER          506 NORTH TOWNVILLE STREET      SENECA             SC     29678    SFR           10/01/2027 
10012581 10012581AD   BROOKS          9150 SHIRLEY ROAD               JACKSON            CA     95642    SFR           10/01/2027 
10012599 10012599AD   GUILLERMO       85-114 MAIUU RD                 WAIANNAE           HI     96792    SFR           10/01/2027 
10012607 10012607AD   COLLINS         78 POPLAR ROAD                  RIDGEFIELD         CT      6877    SFR           10/01/2027 
10012623 10012623AD   GAY             504 ISLE OF PINE                MOORESVILLE        NC     28115    SFR           10/01/2027 
10012649 10012649AD   KHOURY          1818 S. 31ST STREET             MILWAUKEE          WI     53215    SFR           10/01/2027 
10012672 10012672AD   JOHNSON         3526-26A WEST HAMPTON AVEN      MILWAUKEE          WI     53209    2-4 UNITS     10/01/2027 
10012706 10012706AD   MORRIS          106 BOX ROUTE 30B               FAYETTEVILL        NC     28306    SFR           10/01/2027 
10012714 10012714AD   MARSHALL        650 HILCREST STREET             HUDSON             NC     28638    SFR           10/01/2012 
10012722 10012722AD   GRAFTON         1832 CLARIDGE COURT             MAITLAND           FL     32751    SFR           10/01/2027 
10012730 10012730AD   AMENDOLA        776 NORTH GREEN BRIER DRIV      ORANGE             CT      6477    SFR           10/01/2027 
10012748 10012748AD   BIRD            2100 NORTH PIPER AVENUE         CAMP VERDE         AZ     86322    SFR           10/01/2027 
10012755 10012755AD   LARSON          413 1ST STREET EAST             JORDAN             MN     55352    SFR           10/01/2027 
10012763 10012763AD   BIVINS          300 GET-A-WAY LANE              BAHAMA             NC     27503    SFR           10/01/2027 
10012771 10012771AD   DIRAIMO         79 YEOMAN AVENUE                CRANSTON           RI      2920    SFR           10/01/2027 
10012789 10012789AD   STOKES          3154 MCKENZIE ROAD              EAST POINT         GA     30344    SFR           10/01/2027 
10012805 10012805AD   MARTINEZ        6806 NORDLING ROAD              HOUSTON            TX     77076    SFR           10/01/2027 
10012821 10012821AD   NICOLAS         1375 NORTHWEST 100 TERRACE      MIAMI              FL     33147    SFR           10/01/2027 


<CAPTION>
SERVICER     9/1/97
 LOAN        SCHEDULE  CURRENT   CURRENT              OCCUPANCY    ORIGINAL                                                DUE    
 NUMBER      BALANCE    RATE   P&I PAYMENT     LTV     STATUS        TERM SERVICER  ORIGINATOR                            DATE  
 -------    ---------- ------  -----------    ----    ---------      ---- --------  ----------                          --------
<S>         <C>        <C>          <C>       <C>     <C>             <C> <C>         <C>                               <C>     
10002103     94,967.93  11.25        922.7    53.1    OWNER           360 ADVANTA     GREAT NORTHERN MORTGAGE CORP      09/01/97
10002129    133,000.00   12.5      1419.45    55.4    OWNER           360 ADVANTA     GREAT NORTHERN MORTGAGE CORP      10/01/97
10002145     86,400.00   15.1      1099.39      60    OWNER           360 ADVANTA     MINNESOTA FUNDING AND MORTGAGE    10/01/97
10002160     96,000.00  11.85        976.4    59.3    OWNER           360 ADVANTA     AMRESCO                           10/01/97
10002194    100,000.00   9.75       859.15    47.6    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10002202     63,000.00  13.88       740.49    68.5    OWNER           360 ADVANTA     BAYSHORE MORTGAGE LLC             11/01/97
10002228     48,000.00  13.08       533.98    67.4    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10002269    168,000.00  10.68      1559.42      80    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10002327    153,000.00   9.75      1314.51      90    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10002335    112,000.00  10.85      1053.93      80    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10002343     33,750.00  11.93       345.34      75    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10002368     19,000.00    9.1       154.25    63.3    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10002426     50,000.00  10.88       471.63    64.1    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10002442     42,250.00  11.88       503.81      65    OWNER           180 ADVANTA     AMRESCO                           11/01/97
10002459     96,000.00  11.73       967.56      75    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10002467     26,250.00   9.53        221.3      75    NON OWNER       360 ADVANTA     AMRESCO                           11/01/97
10002475     45,000.00  10.41       408.61      75    NON OWNER       360 ADVANTA     AMRESCO                           11/01/97
10002483    129,000.00  11.05      1233.37      75    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10002491     89,600.00 10.475       817.93      80    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10002509     35,360.00  11.88       360.45      80    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10002525     46,200.00   11.9       471.67      60    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10002533     28,800.00  10.88       271.66      80    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10002558     93,925.00  11.53       932.28      85    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10002566     95,200.00    9.5       800.49      80    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10002574    152,915.00  11.53      1517.81      85    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10007862     37,100.00   13.2       416.21      70    OWNER           360 ADVANTA     ALTERNATIVE LENDING CAPITAL       10/01/97
10007904    105,600.00   9.99       925.94      80    OWNER           360 ADVANTA     ALTERNATIVE LENDING CAPITAL       10/01/97
10008266    348,300.00   9.65      2966.89      90    OWNER           360 ADVANTA     ALTERNATIVE LENDING CAPITAL       10/01/97
10010973    102,400.00   11.8      1037.56      80    OWNER           360 ADVANTA     ALTERNATIVE LENDING CAPITAL       10/01/97
10012458     71,100.00  10.25       637.13      90    OWNER           360 ADVANTA     ALTERNATIVE LENDING CAPITAL       10/01/97
10012508     99,200.00  10.75       926.01      80    OWNER           360 ADVANTA     MINNESOTA FUNDING AND MORTGAGE    10/01/97
10012516    136,500.00   9.49      1146.77      70    OWNER           360 ADVANTA     AMRESCO                           10/01/97
10012532     74,750.00  12.75        812.3      65    OWNER           360 ADVANTA     AMRESCO                           10/01/97
10012540     73,000.00  10.05       643.33    58.4    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10012565     50,000.00  15.13       637.42      69    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10012581    110,000.00   11.7      1106.14      55    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10012599     74,370.00   9.75       638.95    67.6    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10012607    248,250.00   14.5      3039.96      75    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10012623    134,960.00  10.68      1252.73      80    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10012649     33,000.00  12.28       346.57      60    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10012672     35,000.00  10.38       317.02      80    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10012706     32,400.00  12.73       351.58      60    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10012714     34,400.00  10.18       373.46      80    OWNER           180 ADVANTA     AMRESCO                           11/01/97
10012722    255,150.00  10.75      2381.78      90    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10012730    157,500.00  11.05      1505.86    73.9    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10012748    209,950.00    8.5      1614.33      70    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10012755     60,000.00   9.63       510.21      69    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10012763    250,000.00  12.58      2683.67    68.9    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10012771     35,000.00   9.42       292.26    38.9    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10012789     41,250.00  11.35       403.78      75    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10012805     41,250.00  10.55       378.87      75    OWNER           360 ADVANTA     AMRESCO                           11/01/97
10012821     69,300.00  11.13       666.78      77    OWNER           360 ADVANTA     AMRESCO                           11/01/97
</TABLE>                                                             
                                                                     



                                    Page 8
<PAGE>   12



<TABLE>
<CAPTION>
SERVICER  AMRESCO                                                                                                                
 LOAN      LOAN        LAST                                                                     ZIP    PROPERTY        MATURITY    
 NUMBER   NUMBER       NAME                ADDRESS                       CITY          STATE    CODE   TYPE              DATE    
 ------- ---------    -------         -------------------------       ---------         ---     -----  ----           ---------- 
<S>      <C>          <C>             <C>                             <C>                <C>    <C>     <C>           <C>        
10012870 10012870AD   TRAHEY          4018 HIGBEE STREET              PHILADELPHI        PA     19135   SFR           10/01/2027 
10012896 10012896AD   GOLSTON         4701 WEST 31ST  STREET          LITTLE ROCK        AR     72204   SFR           10/01/2027 
10012904 10012904AD   BLAIR           4928 NORTH 19TH STREET          PHILADELPHI        PA     19141   SFR           10/01/2027 
10012912 10012912AD   SCATES          1517 SANTA FE TRAIL             CARROLLTON         TX     75007   SFR           10/01/2027 
10012946 10012946AD   MACRI           929 DORCHESTER AVENUE           PITTSBURGH         PA     15226   SFR           10/01/2027 
10012953 10012953AD   WRIGHT          4031 NORTHWEST 199TH STREE      OPA LOCKA          FL     33055   SFR           10/01/2027 
10013001 10013001AD   THOMAS          1232 N.E. GOING ST.             PORTLAND           OR     97211   SFR           07/01/2027 
10013753 10013753AD   STRINGER        409 E. FAIRVIEW BLVD            INGLEWOOD          CA     90302   SFR           06/01/2027 
10017275 10017275AD   VANDERGRIFF     708 PINE STREET                 HURST              TX     76053   SFR           10/01/2027 
10017309 10017309AD   KANESHIRO       18-4346  NORTH PECK ROAD        MOUNTAIN VI        HI     96771   SFR           10/01/2027 
10017333 10017333AD   RAINEY          4641 REFORMA ROAD               WOODLAND HI        CA     91364   SFR           10/01/2027 
10017341 10017341AD   TRUJILLO        1210 EAST BIXBY AVENUE          ORANGE             CA     92865   CONDO         10/01/2027 
10017374 10017374AD   SQUILLACE       51-150 AVENIDA CARRANZA         LA QUINTA          CA     92253   SFR           10/01/2027 
10017432 10017432AD   GRIFFIN         1113 EAST 3100 NORTH            LEHI               UT     84043   SFR           10/01/2027 
10017465 10017465AD   BOLOGNESE       7147 LA PUEBLA STREET           LAS VEGAS          NV     89120   SFR           10/01/2027 
10017499 10017499AD   BAILEY          454 WETHERBURN DRIVE            LANCASTER          PA     17601   SFR           10/01/2027 
10017507 10017507AD   VINCES          915 PARK PACIFICA AVENUE        PACIFICA           CA     94044   SFR           10/01/2027 
10017523 10017523AD   STEWART         1109 MICHAEL STREET             NEW ORLEANS        LA     70114   SFR           10/01/2027 
10017556 10017556AD   DASHIELL        182 TEAL DRIVE                  PASADENA           MD     21122   SFR           10/01/2027 
10017564 10017564AD   FENTON          325 SOUTH TURNPIKE ROAD         DALTON             PA     18414   SFR           10/01/2027 
10017572 10017572AD   WALLER          88 FORSYTHE STREET              ASHEVILLE          NC     28801   SFR           10/01/2027 
10017606 10017606AD   EDWARDS         1361 MOORE STREET               TOLEDO             OH     43608   SFR           10/01/2027 
10017622 10017622AD   GOLLIDAY        5784 SHAW HIGHWAY SOUTHEAS      AUMSVILLE          OR     97325   SFR           10/01/2027 
10017663 10017663AD   SUTTER          1258 SHAWNEE DRIVE              LOUISBURG          NC     27549   SFR           10/01/2027 
10017689 10017689AD   GENT            13 ZOPILOTE ROAD                TIJERAS            MN     87059   SFR           10/01/2027 
10017705 10017705AD   SCHEER          55 LOWELL AVENUE                PROVIDENCE         RI      2908   SFR           10/01/2027 
10017739 10017739AD   RAMIREZ         2232 ALTON ROAD                 MIAMI              FL     33140   SFR           10/01/2027 
10017747 10017747AD   GALLIGAN        7304 ASH                        PRAIRIE VIL        KS     66208   SFR           10/01/2027 
10017754 10017754AD   WHITED          1081 LAUREL AVENUE              AKRON              OH     44307   SFR           10/01/2027 
10022358 10022358AD   JACKSON         1910 CADDO STREET               DALLAS             TX     75204   SFR           10/01/2027 
10022374 10022374AD   LUDEWIG         738 ALBEMARLE PLACE             LELAND             NC     28451   SFR           08/01/2027 
10022507 10022507AD   MULL            1809 HWY 16TH SOUTH             NEWTON             NC     28658   SFR           10/01/2012 
10022515 10022515AD   TORRES          1226 WEST WALKER STREET         MILWAUKEE          WI     53204   2-4 UNITS     10/01/2027 
10022531 10022531AD   TROYER          1017 11TH AVENUE                BELLE FOURC        SD     57717   SFR           10/01/2027 
10022572 10022572AD   BOWMAN          393 JAYSON AVENUE               PITTSBURGH         PA     15228   SFR           10/01/2027 
10022580 10022580AD   HENFIELD        6501 GRANT COURT                HOLLYWOOD          FL     33024   SFR           10/01/2027 
10022614 10022614AD   PAULL           257 HILLBERG AVENUE             BROCKTON           MA      2401   SFR           10/01/2027 
10022655 10022655AD   MAY             105 HIGHLAND AVENUE             MCKEES ROCK        PA     15136   SFR           10/01/2027 
10022671 10022671AD   BUCCILLI        403 BILLY DRIVE                 PITTSBURGH         PA     15235   SFR           10/01/2027 
10022689 10022689AD   MARSHAL         110 ELDER STREET                NORTH VERSA        PA     15137   SFR           10/01/2027 
10022697 10022697AD   RIZZUTO         318-320 SOUTH MAIN STREET       PITTSBURGH         PA     15220   2-4 UNITS     10/01/2027 
10022705 10022705AD   RIZZUTO         2746 GLASGOW STREET             PITTSBURGH         PA     15204   SFR           10/01/2027 
10022713 10022713AD   SHIFMAN         27 WOODCLIFF ROAD               BROOKLINE          MA      2167   SFR           10/01/2027 
10022721 10022721AD   BATTLE          4044 NOTH 19TH STREET           MILWAUKEE          WI     53209   SFR           10/01/2027 
10022754 10022754AD   GONZALES        6521 EAST 75TH PLACE            COMMERCE CI        CO     80022   SFR           10/01/2027 
10022770 10022770AD   MAGOON          252 NORTH STATE STREET.         CONCORD            NH      3301   2-4 UNITS     10/01/2027 
10022804 10022804AD   MUNGER          26-28 HIGH STREET               CLINTON            CT      6413   2-4 UNITS     10/01/2027 
10022812 10022812AD   CROSBY          RT 1 BOX 63 WILSON ROAD         EXPORT             PA     15632   SFR           10/01/2027 
10022820 10022820AD   DAVIS           RT 1 BOX 2440                   TEXARKANA          AR     71854   SFR           10/01/2027 
10022838 10022838AD   RAY             3647 TUTWILER                   MEMPHIS            TN     38122   SFR           10/01/2027 
                                                                                                                                 
         TOTAL                  466                                                                                               


<CAPTION>
SERVICER    9/1/97
 LOAN       SCHEDULE  CURRENT   CURRENT             OCCUPANCY    ORIGINAL                                                DUE     
 NUMBER     BALANCE    RATE   P&I PAYMENT    LTV     STATUS        TERM   SERVICER  ORIGINATOR                          DATE   
 -------   ---------- ------  -----------   ----    ---------      ----   --------  ----------                        -------- 
<S>        <C>        <C>          <C>      <C>     <C>             <C>   <C>         <C>                             <C>      
10012870    44,000.00  10.73       410.07     80    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10012896    19,000.00  13.33       215.09   65.5    NON OWNER       360   ADVANTA     AMRESCO                         11/01/97 
10012904    31,150.00  14.63       384.67     70    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10012912   148,000.00  10.55      1359.35     80    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10012946    47,600.00  10.94       451.15   73.2    NON OWNER       360   ADVANTA     AMRESCO                         11/01/97 
10012953    23,985.00  13.63       277.18     65    NON OWNER       360   ADVANTA     AMRESCO                         11/01/97 
10013001    89,678.65   13.1       999.28     65    OWNER           360   ADVANTA     ALTERNATIVE LENDING CAPITAL     09/01/97 
10013753   127,264.88   9.75      1095.42     75    OWNER           360   ADVANTA     PAN AMERICAN                    09/01/97 
10017275    48,800.00  10.85       459.21     80    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10017309   135,000.00    9.5      1135.15     75    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10017333   304,000.00   9.63      2585.08     80    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10017341   100,000.00   9.15       815.44     80    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10017374    65,250.00   11.6       651.15     75    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10017432   324,131.00  11.05      3099.03   76.3    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10017465   250,000.00    9.5      2102.14     63    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10017499   216,750.00  12.43      2301.51     75    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10017507   223,714.00   8.75      1759.96   63.9    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10017523    49,700.00  14.25       598.73     70    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10017556   164,000.00  10.98      1559.33     80    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10017564   100,725.00  10.53       923.63     85    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10017572    45,000.00  11.31       439.12     60    NON OWNER       360   ADVANTA     AMRESCO                         11/01/97 
10017606    21,000.00  13.75       244.67     70    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10017622   117,250.00  13.75      1366.09     70    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10017663    86,400.00  10.73       805.23     80    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10017689   170,910.00   9.63      1453.34     90    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10017705    45,500.00  10.51       416.55     65    NON OWNER       360   ADVANTA     AMRESCO                         11/01/97 
10017739   349,500.00  10.38       3165.7     80    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10017747    76,000.00   9.43       635.17     80    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10017754    37,100.00   9.06       300.12     70    NON OWNER       360   ADVANTA     AMRESCO                         11/01/97 
10022358    75,000.00   9.03       605.09     75    NON OWNER       360   ADVANTA     AMRESCO                         11/01/97 
10022374    76,990.10   15.5      1004.48     70    OWNER           360   ADVANTA     COASTAL MORTGAGE SERVICES INC   09/01/97 
10022507    36,800.00  12.13       444.74     80    OWNER           180   ADVANTA     AMRESCO                         11/01/97 
10022515    21,000.00  12.13       218.11     70    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10022531    30,100.00   10.3       270.85     70    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10022572   116,200.00  15.13      1481.37     70    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10022580    82,000.00   11.4       805.79   80.4    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10022614    74,720.00  10.35       675.13     80    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10022655    19,500.00  10.38       176.63     65    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10022671    56,495.00  11.73        569.4   80.7    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10022689    32,000.00  10.93       303.05     80    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10022697    37,800.00  10.56       347.47     70    NON OWNER       360   ADVANTA     AMRESCO                         11/01/97 
10022705    30,800.00  10.56       283.12     70    NON OWNER       360   ADVANTA     AMRESCO                         11/01/97 
10022713   269,500.00   9.33      2232.75     70    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10022721    24,700.00  12.13       256.54     65    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10022754    45,500.00  11.55       452.32   57.6    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10022770    37,500.00  10.15       333.25     75    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10022804    78,000.00   9.88        677.6     65    NON OWNER       360   ADVANTA     AMRESCO                         11/01/97 
10022812    22,400.00   9.43       187.21     80    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10022820    84,000.00   9.75       721.69     70    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
10022838    38,350.00  11.65       384.17     65    OWNER           360   ADVANTA     AMRESCO                         11/01/97 
                                                                                                                                 
TOTAL  $45,395,806.74
</TABLE>

                                    Page 9


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