AMRESCO RESIDENTIAL SECURITIES CORP MORTGAGE LOAN TR 1998-2
8-K, 1998-07-10
INVESTMENT ADVICE
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    Form 8-K

                                 CURRENT REPORT

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


                Date of Report (Date of earliest event reported)
                                  June 29, 1998

     AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
             (Exact name of registrant as specified in its charter)

         New York                  333-30759-03              Application Pending
(State or Other Jurisdiction     (Commission File             (I.R.S. Employer
     of Incorporation)                Number)                Identification No.)

c/o Norwest Bank Minnesota, National Association
         Sixth Street and Marquette Avenue
                 Minneapolis, Minnesota                           55479-1026
     (Address of Principal Executive Offices)                     (Zip Code)

        Registrant's telephone number, including area code (612) 667-8058

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

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

<PAGE>

Item 2.  Acquisition or Disposition of Assets

Description of the Conveyance of Subsequent Mortgage Loans

      On June 29, 1998, AMRESCO Residential Securities Corporation Mortgage Loan
Trust 1998-2 (the "Trust") acquired $142,686,111.02 of Subsequent Mortgage Loans
pursuant to the terms of the Pooling and Servicing Agreement dated as of June 1,
1998, between AMRESCO  Residential  Capital Markets,  Inc., as Seller and Master
Servicer,  AMRESCO Residential  Securities  Corporation,  as Depositor,  Advanta
Mortgage Corp. USA,  Ameriquest Mortgage Company and Wendover Financial Services
Corporation, as Servicers, and Norwest Bank Minnesota,  National Association, in
its capacity as Trustee and a Subsequent  Transfer Agreement dated June 29, 1998
(the "Subsequent Transfer Agreement") among AMRESCO Residential Capital Markets,
Inc., as Seller,  AMRESCO Residential Securities  Corporation,  as Depositor and
the  Trust,   as  purchaser.   The   Subsequent   Mortgage   Loans  possess  the
characteristics  required  by the  Prospectus  dated  September  5, 1997 and the
Prospectus  Supplement  dated May 28, 1998 (the  "Prospectus  Supplement").  The
Prospectus  Supplement  was filed  pursuant to Rule 424(b)(5) of the Act on June
11,  1998.  The  Schedules  of  Subsequent  Mortgage  Loans are  attached to the
Subsequent Transfer Agreement.

<PAGE>

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

(a)   Not applicable

(b)   Not applicable

(c)   Exhibits:

      10.1  Subsequent  Transfer  Agreement  dated  as of June 29,  1998,  among
            AMRESCO Residential Securities  Corporation,  as Depositor,  AMRESCO
            Residential Capital Markets, Inc., as Seller and AMRESCO Residential
            Securities Corporation Mortgage Loan Trust 1998-2 as the Purchaser.

<PAGE>

                                   SIGNATURES

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

                                AMRESCO RESIDENTIAL SECURITIES CORPORATION
                                MORTGAGE LOAN TRUST 1998-2

                                By:  AMRESCO Residential Securities Corporation,
                                     as Depositor
                                
                                By:  /s/ Ronald B. Kirkland
                                     -------------------------------------------
                                     Name:    Ronald B. Kirkland
                                     Title:   Vice President and
                                              Chief Accounting Officer

Dated:  July 10, 1998



                                                                    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 1998-2 (the "Purchaser") pursuant to
the  Pooling  and  Servicing  Agreement  dated  as of June  1,  1998  among  the
Depositor,  the Seller,  as Seller and Master Servicer,  Advanta Mortgage Corp.,
USA, Ameriquest Mortgage Company and Wendover Financial Services Corporation, as
Servicers,  and Norwest Bank  Minnesota,  National  Association  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  June  29,  1998  (the
"Subsequent  Transfer  Date"),  the Seller  does  hereby  irrevocably  transfer,
assign,  set over and otherwise  convey to the Depositor and the Depositor  does
hereby  irrevocably  transfer,  assign,  set over and  otherwise  convey  to the
Purchaser, without recourse (except as otherwise explicitly provided for herein)
all right,  title and interest in and to any and all benefits  accruing from the
Subsequent  Mortgage  Loans  (other than any  principal  received  and  interest
payments  received  thereon on or prior to June 1, 1998 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,  $142,686,111.02  pursuant  to this  Subsequent
Transfer  Agreement and to include  $12,194,951.72  of the  Subsequent  Mortgage
Loans  listed  in  Schedule  I-A  hereto in Group I and  $130,491,159.30  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>

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

                                      AMRESCO RESIDENTIAL SECURITIES CORPORATION
                                      as Depositor

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

                                      AMRESCO RESIDENTIAL CAPITAL MARKETS, INC.
                                      as Seller

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

                                      AMRESCO RESIDENTIAL SECURITIES CORPORATION
                                      MORTGAGE LOAN TRUST 1998-2, 
                                      by Norwest Bank Minnesota, National 
                                      Association as Trustee

                                      By: /s/ Peter J. Masterman
                                          --------------------------------------
                                          Name:  Peter J. Masterman
                                          Title: Vice President

Dated:  June 29, 1998

<PAGE>

AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2 Prefund
Loan Schedule: Group 1 Fixed Rate Loans

<TABLE>
<CAPTION>

  Servicer      AMRESCO       Last                                                                     Zip   Property      Maturity
Loan Number   Loan Number     Name              Address                  City              State      Code     Type          Date
- -----------   -----------     ----              -------                  ----              -----      ----     ----          ----
<S>           <C>            <C>            <C>                       <C>                   <C>       <C>      <C>         <C>
 10146777     10146777WN     CHARLES        6722 ROWELL COURT         MISSOURI CITY         TX        77489    PUD         20280601
 10146983     10146983WN     LAWSON         1944 HOLBORN ROAD         DUNDALK               MD        21222    SFR         20280601
 10145605     10145605WN     CARTER         1803 MARSHALL AVENUE      NEWPORT NEWS          VA        23607    SFR         20280601
 10144715     10144715WN     RAGLE          203 WEST OAK STREET       ELLETTSVILLE          IN        47429    SFR         20280601
 10088920     10088920WN     WILLIAMS       4680 CLAUMET DRIVE        BEAUMONT              TX        77708    SFR         20280601
 10146215     10146215WN     ORME           119 LAURA LANE            CONROE                TX        77385    SFR         20280601
 10089167     10089167WN     MCGHEE         1866-68 REYBURN ROAD      CLEVELAND             OH        44112    2-4 UNITS   20280601
 10087518     10087518WN     VELASQUEZ      109 NORTH ALAMO ST.       WEATHERFORD           TX        76086    SFR         20280601
 10145530     10145530WN     MCFARLAND      1013 UPPER BURRIS RO      CANTON                GA        30114    SFR         20280601
 10147296     10147296WN     LONG           2715 FORT AVENUE          WACO                  TX        76707    SFR         20130601
 10147783     10147783WN     IZZO           8430 SOUTH SAYRE          BURBANK               IL        60459    SFR         20280601
 10087708     10087708WN     BLACK          2212 WEST SEVENTH AV      GASTONIA              NC        28052    SFR         20280601
 10087641     10087641WN     CAMP           10319 KIRKVALE DRIVE      HOUSTON               TX        77089    PUD         20130601
 10144848     10144848WN     RICAMARA       4949 BOONE DRIVE          FREMONT               CA        94538    SFR         20280601
 10144814     10144814WN     AGUILAR        1359 TEELIN AVENUE        VISTA                 CA        92083    SFR         20280601
 10145654     10145654WN     BAILEY         454 PEREGRINE STREET      VIRGINIA BEACH        VA        23562    SFR         20280601
 10147411     10147411WN     SEATON         306 PINE COVE             WOODSTOCK             GA        30189    SFR         20280601
 10106599     10106599WN     DIETZ          15002 ALABAMA AVENUE      WOODBRIDGE            VA        22191    PUD         20280601
 10106078     10106078WN     JONES          5174 GREENBRIDGE ROA      DAYTON                MD     21036120    SFR         20280601
 10103943     10103943WN     LAZAROFF       13470 FEATHER COURT       ORLANDO PARK          IL        60462    SFR         20280601
 10103687     10103687WN     WHITEHEAD      4277 NORTH 42ND STRE      MILWAUKEE             WI        53216    SFR         20280601
 10103976     10103976WN     MCDUFFIE       514 BRUNSWICK STREET      WILMINGTON            NC        28401    SFR         20280601
 10105625     10105625WN     MICHEL         8242 NORTHWEST 20 TE      MIAMI                 FL        33015    PUD         20130601
 10147288     10147288WN     GAMEZ          109 EAST ELMHURST         FATE                  TX        75132    SFR         20280601
 10106474     10106474WN     JONES          2321 AUBURNDALE           HOUSTON               TX        77023    SFR         20280601
 10106656     10106656WN     JOYCE          1128 CARROLL STREET       BALTIMORE             MD        21230    SFR         20130601
 10116978     10116978WN     TEETS          1377 LENORA STREET        MERRITT ISLAND        FL        32952    SFR         20280601
 10143048     10143048WN     CRUZ-LOSANO    30 MAHELE LOOP            WAIAWA                HI        96786    SFR         20280601
 10104867     10104867WN     TAGAMA         91-1139 PAEHEULU ST       EWA BEACH             HI        96706    PUD         20280601
 10104586     10104586WN     BUDAR          2013 MCKINLEY STREET      HONOLULU              HI        96822    SFR         20280601
 10107084     10107084WN     FREENEY        4847 ASHBROOK ROAD        DALLAS                TX        75227    SFR         20280601
 10117315     10117315WN     GRIFFIN        7650 SOUTH PRAIRIE R      TILLAMOOK             OR        97141    SFR         20280601
 10104784     10104784WN     FARLEY         184 HIDDEN DRIVE          CROSSVILLE            TN        38555    SFR         20130601
 10143097     10143097WN     GASTON         329 NORTH LEE STREET      MOUNT HOLLY           NC        28120    SFR         20280601
 10142768     10142768WN     BATALONA       LOT #5 NUI CAMP           OOKALA                HI        96774    SFR         20280601
 10106763     10106763WN     MARTINEZ       218 FORT SUMTER COUR      RICHMOND              TX        77469    PUD         20280601
 10147841     10147841WN     BIRGE          2330 HOOHU ROAD           KOLOA                 HI        96756    CONDO       20280601
 10140200     10140200WN     RODRIGUEZ      314 DELIA DRIVE           EDINBURG              TX        78539    SFR         20280601
 10108389     10108389WN     KUHAR          1118 DALTON DRIVE         PAINESVILLE TWP       OH        44077    SFR         20280601
 10141547     10141547WN     BUELNA         185 EUCLID AVENUE         SAN DIEGO             CA        92114    SFR         20280601
 10145282     10145282WN     LEPOVITZ       1115 TRINITY COURT        LAREDO                TX        78042    SFR         20280501
 10088334     10088334WN     BATES          6155 SKYLINE DRIVE        SAN DIEGO             CA        92114    SFR         20280501
 10146694     10146694WN     PAZ            21195 HELMSMAN DRIVE      AVENTURA              FL        33180    CONDO       20280601
 10145423     10145423WN     TRUITT         2932 VALLEY RIDGE DR      DECATUR               GA        30032    SFR         20280601
 10104024     10104024WN     BATTLE         544 HICKORY STREET        CINCINNATI            OH        45229    2-4 UNITS   20280601
 10144913     10144913WN     KING JR.       801 LAMP POST LANE        LAKELAND              FL        33809    PUD         20280501
 10104545     10104545WN     HEARD          422 CRESTVIEW STREET      TEXARKANA             TX        75501    SFR         20280601
 10087344     10087344WN     BORJE          246 MOLOKAI AKAU STR      KAHULUI               HI        96732    2-4 UNITS   20280601
 10105328     10105328WN     PETUSKY        175 FORREST LAKE DRI      ATLANTA               GA        30327    SFR         20280601
 10142115     10142115WN     HA             6184 55TH AVENUE NOR      ST. PETERSBURG        FL        33709    SFR         20180601
 10104743     10104743WN     FAYSON         2221 WEST 4 COURT         HIALEAH               FL        33010    SFR         20280601
 10144863     10144863WN     PASCUA         1581 MACHADO STREET       HONOLULU              HI        96819    2-4 UNITS   20280601
 10088292     10088292WN     HANKINS        3003 SCENIC ELM STRE      HOUSTON               TX        77059    PUD         20280501
 10103505     10103505WN     JONES          3829 NORTH 16TH STRE      MILWAUKEE             WI        53209    2-4 UNITS   20130601
 10117224     10117224WN     PARKER JR.     305 EAST TYLER            CANTON                TX        75103    SFR         20280601
 10105088     10105088WN     DAWSON         2615 PHILLIPS LANE        TAXARKANA             TX        75501    SFR         20280601
 10088011     10088011WN     VALDEZ         481 SATINWOOD WAY         CHULA VISTA           CA        91911    SFR         20280501
 10146553     10146553WN     HASTINGS       3930 STONE CREEK CIR      CUMMING               GA        30041    SFR         20180501
 10147635     10147635WN     COOK JR        2500 PARK HEIGHTS TE      BALTIMORE             MD        21215    SFR         20280601
 10140036     10140036WN     CIMENO         3625 MAIN STREET          BARNSTABLE            MA         2630    SFR         20280601
 10148112     10148112WN     ANDERSON       4605 HAMPNETT AVENUE      BALTIMORE             MD        21214    SFR         20280601
 10117281     10117281WN     HOPPER         1139 TAYLOR AVENUE        NEW KENSINGTON        PA        15068    SFR         20280601
 10104396     10104396WN     TENGLER        4518 HIDDEN SPRINGS       HOUSTON               TX        77084    PUD         20130601
 10141901     10141901WN     COX            22380 PALOMITA DRIVE      BOCA RATON            FL        33428    PUD         20280601
 10103315     10103315WN     DIXON          30310 CHURCHILL COUR      TEMECULA              CA        92591    PUD         20280601
 10087716     10087716WN     JONICK         13306 BOCA RATON          HOUSTON               TX       770693    PUD         20280501
 10088755     10088755WN     REUTER         6013 AUGUSTINE AVENU      ELKRIDGE              MD        21075    SFR         20080501
 10144491     10144491WN     BURNS          3053 SOUTH MENDENHAL      MEMPHIS               TN        38115    SFR         20280601
 10105187     10105187WN     ALLEN          2946 CAMELIA DRIVE        SLIDELL               LA        70458    2-4 UNITS   20280601
 10145316     10145316WN     TANGARI        2930 POINT EAST DRIV      AVENTURA              FL        33160    CONDO       20280501
 10081586     10081586WN     WASHINGTON     1091 FLORENCE ROAD        MONTICELLO            AR        71655    SFR         20130501

<CAPTION>

                                         6/1/1998
  Servicer    AMRESCO       Last       * Scheduled  Current      Current          Occupancy     Original                   
Loan Number Loan Number     Name         Balance     Rate      P&I Payment   LTV   Status        Term        Servicer      
- ----------- -----------     ----       -----------   ----      ------------  ----  ------        ----        --------      
<S>         <C>            <C>         <C>            <C>          <C>        <C>    <C>           <C>         <C>         
 10146777   10146777WN     CHARLES        43400       14.8        541.83     70     OWNER         360         WENDOVER     
 10146983   10146983WN     LAWSON         56700      11.26        551.14     70     NON OWNER     360         WENDOVER     
 10145605   10145605WN     CARTER         29250      11.58        291.45     75     OWNER         360         WENDOVER     
 10144715   10144715WN     RAGLE          96000       8.65        748.39     79     OWNER         360         WENDOVER     
 10088920   10088920WN     WILLIAMS       34400       11.9         351.2     80     OWNER         360         WENDOVER     
 10146215   10146215WN     ORME           85000       10.7        790.27     79     OWNER         360         WENDOVER     
 10089167   10089167WN     MCGHEE         84864        9.9        738.48     82     OWNER         360         WENDOVER     
 10087518   10087518WN     VELASQUEZ      55200      10.03        485.64     80     OWNER         360         WENDOVER     
 10145530   10145530WN     MCFARLAND     148800       9.55       1256.62     62     OWNER         360         WENDOVER     
 10147296   10147296WN     LONG           26900      11.56        315.27     70     NON OWNER     180         WENDOVER     
 10147783   10147783WN     IZZO          112000       7.75        802.38     71     OWNER         360         WENDOVER     
 10087708   10087708WN     BLACK          36495      13.28        411.71     61     OWNER         360         WENDOVER     
 10087641   10087641WN     CAMP           52800       9.78        560.31     80     OWNER         180         WENDOVER     
 10144848   10144848WN     RICAMARA      172125       8.35       1305.24     77     OWNER         360         WENDOVER     
 10144814   10144814WN     AGUILAR        94300       6.65        605.37     82     OWNER         360         WENDOVER     
 10145654   10145654WN     BAILEY         30600       9.56        258.64     77     NON OWNER     360         WENDOVER     
 10147411   10147411WN     SEATON         70500       9.65        600.53     60     OWNER         360         WENDOVER     
 10106599   10106599WN     DIETZ          88800       7.75        636.17     82     OWNER         360         WENDOVER     
 10106078   10106078WN     JONES         123000       7.75        881.19     82     OWNER         360         WENDOVER     
 10103943   10103943WN     LAZAROFF      245000         10       2150.05     77     OWNER         360         WENDOVER     
 10103687   10103687WN     WHITEHEAD      45600      12.88        500.15     80     OWNER         360         WENDOVER     
 10103976   10103976WN     MCDUFFIE       31698      13.18        355.11     46     OWNER         360         WENDOVER     
 10105625   10105625WN     MICHEL        101167        8.3        984.41     82     OWNER         180         WENDOVER     
 10147288   10147288WN     GAMEZ          30000      10.28         269.5     67     OWNER         360         WENDOVER     
 10106474   10106474WN     JONES          30500       12.4        323.15     65     OWNER         360         WENDOVER     
 10106656   10106656WN     JOYCE          24500      10.61         272.5     70     NON OWNER     180         WENDOVER     
 10116978   10116978WN     TEETS          40500      12.15        421.27     90     OWNER         360         WENDOVER     
 10143048   10143048WN     CRUZ-LOSANO   100000       13.3        1129.7     47     OWNER         360         WENDOVER     
 10104867   10104867WN     TAGAMA        182750        7.5       1277.81     85     OWNER         360         WENDOVER     
 10104586   10104586WN     BUDAR         360000       9.23       2956.42     62     OWNER         360         WENDOVER     
 10107084   10107084WN     FREENEY        84966       10.5        777.22     87     OWNER         360         WENDOVER     
 10117315   10117315WN     GRIFFIN        60000       8.48         460.5     53     OWNER         360         WENDOVER     
 10104784   10104784WN     FARLEY         35425       8.97        358.67     65     OWNER         180         WENDOVER     
 10143097   10143097WN     GASTON         22000      10.73        205.04     36     OWNER         360         WENDOVER     
 10142768   10142768WN     BATALONA       45000       8.75        354.02     75     OWNER         360         WENDOVER     
 10106763   10106763WN     MARTINEZ       81300       7.55        571.25     80     OWNER         360         WENDOVER     
 10147841   10147841WN     BIRGE          82500        9.5         693.7     75     NON OWNER     360         WENDOVER     
 10140200   10140200WN     RODRIGUEZ      49200         11        468.54     80     OWNER         360         WENDOVER     
 10108389   10108389WN     KUHAR         113400       7.75        812.41     90     OWNER         360         WENDOVER     
 10141547   10141547WN     BUELNA         88750       7.45        617.52     71     OWNER         360         WENDOVER     
 10145282   10145282WN     LEPOVITZ    76467.92      10.25        685.52     90     OWNER         360         WENDOVER     
 10088334   10088334WN     BATES       57470.08       9.56        486.01     53     NON OWNER     360         WENDOVER     
 10146694   10146694WN     PAZ            79877      11.65        800.17     50     OWNER         360         WENDOVER     
 10145423   10145423WN     TRUITT       85881.5        9.5        723.13     73     OWNER         360         WENDOVER     
 10104024   10104024WN     BATTLE         75000       9.99        657.62     75     OWNER         360         WENDOVER     
 10144913   10144913WN     KING JR.    83467.87      10.65        773.19     90     OWNER         360         WENDOVER     
 10104545   10104545WN     HEARD          23770      10.65         220.1     75     OWNER         360         WENDOVER     
 10087344   10087344WN     BORJE         173000          9          1392     80     OWNER         360         WENDOVER     
 10105328   10105328WN     PETUSKY       250100         10       2194.81     82     OWNER         360         WENDOVER     
 10142115   10142115WN     HA             43300       7.75        355.47     48     OWNER         240         WENDOVER     
 10104743   10104743WN     FAYSON         29055        7.8        209.16     37     OWNER         360         WENDOVER     
 10144863   10144863WN     PASCUA        317550        7.7       2264.01     87     OWNER         360         WENDOVER     
 10088292  110088292WN     HANKINS     77180.82       9.05       1436.21     36     OWNER         360         WENDOVER     
 10103505   10103505WN     JONES          32830      11.66        386.86     66     NON OWNER     180         WENDOVER     
 10117224   10117224WN     PARKER JR.     33600      13.13         375.1     59     OWNER         360         WENDOVER     
 10105088   10105088WN     DAWSON         21035       10.5        192.42     71     OWNER         360         WENDOVER     
 10088011   10088011WN     VALDEZ      63968.19       9.45        535.81     49     OWNER         360         WENDOVER     
 10146553   10146553WN     HASTINGS    112702.3       7.75        926.85     90     OWNER         240         WENDOVER     
 10147635   10147635WN     COOK JR        48400      11.99        497.48     85     OWNER         360         WENDOVER     
 10140036   10140036WN     CIMENO         96750       10.9        914.07     75     OWNER         360         WENDOVER     
 10148112   10148112WN     ANDERSON       75000       10.5        686.05     75     OWNER         360         WENDOVER     
 10117281   10117281WN     HOPPER         33750      10.53        309.48     75     OWNER         360         WENDOVER     
 10104396   10104396WN     TENGLER        53300      10.36        584.56     65     OWNER         180         WENDOVER     
 10141901   10141901WN     COX            51477        9.8        444.16     87     OWNER         360         WENDOVER     
 10103315   10103315WN     DIXON         109600       11.3       1068.67     80     OWNER         360         WENDOVER     
 10087716  110087716WN     JONICK      28215.67       12.3       1348.89     90     OWNER         360         WENDOVER     
 10088755   10088755WN     REUTER      44750.58       7.75        540.05     27     OWNER         120         WENDOVER     
 10144491   10144491WN     BURNS          58000        8.8        458.36     54     OWNER         360         WENDOVER     
 10105187   10105187WN     ALLEN          45700      11.08        437.98     75     NON OWNER     360         WENDOVER     
 10145316   10145316WN     TANGARI     22391.66        9.8        193.29     77     OWNER         360         WENDOVER     
 10081586   10081586WN     WASHINGTON  26951.13      13.05         342.5     60     OWNER         180         WENDOVER     
</TABLE>
                                      
  Servicer    AMRESCO       Last                                       Due    
Loan Number Loan Number     Name            Originator                 Date   
- ----------- -----------     ----            ----------                 ----   
 10146777   10146777WN     CHARLES        TEXAS UNIVERSAL FUND        19980701
 10146983   10146983WN     LAWSON         COASTAL MORTGAGE            19980701
 10145605   10145605WN     CARTER         JOHNSON MORTGAGE CO         19980701
 10144715   10144715WN     RAGLE          HOOSIER STATE MTG           19980701
 10088920   10088920WN     WILLIAMS       SUPERIOR MORTGAGE           19980701
 10146215   10146215WN     ORME           MEGAMERICA MORTGAGE         19980701
 10089167   10089167WN     MCGHEE         NORTH AMERICA MTG           19980701
 10087518   10087518WN     VELASQUEZ      HOME LOAN FUNDING           19980701
 10145530   10145530WN     MCFARLAND      MORTGAGE LENDERS INC        19980701
 10147296   10147296WN     LONG           AMRESCO                     19980701
 10147783   10147783WN     IZZO           HOME LOAN FUNDING           19980701
 10087708   10087708WN     BLACK          AFFORDABLE MORTGAGE         19980701
 10087641   10087641WN     CAMP           AMRESCO                     19980701
 10144848   10144848WN     RICAMARA       COAST CAPITAL CORP          19980701
 10144814   10144814WN     AGUILAR        COMMONWEALTH FINL           19980701
 10145654   10145654WN     BAILEY         VIRGINIA MORTGAGE CO        19980701
 10147411   10147411WN     SEATON         MORTGAGE LENDERS INC        19980701
 10106599   10106599WN     DIETZ          HOME LOAN FUNDING           19980701
 10106078   10106078WN     JONES          AMRESCO                     19980701
 10103943   10103943WN     LAZAROFF       HOME LOAN FUNDING           19980701
 10103687   10103687WN     WHITEHEAD      CAPITAL MORTGAGE            19980701
 10103976   10103976WN     MCDUFFIE       COLLINBROOK MORTGAGE        19980701
 10105625   10105625WN     MICHEL         DOW GUARANTEE CORP          19980701
 10147288   10147288WN     GAMEZ          HOME LOAN FUNDING           19980701
 10106474   10106474WN     JONES          EQUITYLINK MORTGAGE         19980701
 10106656   10106656WN     JOYCE          COASTAL MORTGAGE            19980701
 10116978   10116978WN     TEETS          J & J BUSINESS INVES        19980701
 10143048   10143048WN     CRUZ-LOSANO    ALOHA MORTGAGE              19980701
 10104867   10104867WN     TAGAMA         MORTGAGE FUNDING INC        19980701
 10104586   10104586WN     BUDAR          FINANCE MORTGAGE LTD        19980701
 10107084   10107084WN     FREENEY        PRIME LENDING INC.          19980701
 10117315   10117315WN     GRIFFIN        AMRESCO                     19980701
 10104784   10104784WN     FARLEY         MERCANTILE MORTGAGE         19980701
 10143097   10143097WN     GASTON         J & M MORTGAGE INC          19980701
 10142768   10142768WN     BATALONA       PACIFIC STAR MTG            19980701
 10106763   10106763WN     MARTINEZ       HAMMERSMITH FINANCIAL       19980701
 10147841   10147841WN     BIRGE          KAUAI MORTGAGE CO           19980701
 10140200   10140200WN     RODRIGUEZ      FRONTERA MORTGAGE           19980701
 10108389   10108389WN     KUHAR          AMRESCO                     19980701
 10141547   10141547WN     BUELNA         AMRESCO                     19980701
 10145282   10145282WN     LEPOVITZ       MAGIC MORTGAGE LLC          19980601
 10088334   10088334WN     BATES          HOME LOAN FUNDING           19980701
 10146694   10146694WN     PAZ            ADDISON MTG GROUP           19980701
 10145423   10145423WN     TRUITT         CAP SOUTH MORTGAGE          19980701
 10104024   10104024WN     BATTLE         MORTGAGE COUNSELORS         19980701
 10144913   10144913WN     KING JR.       LIBERTY AMERICAN MTG        19980601
 10104545   10104545WN     HEARD          TEXARKANA CENTURY MTG       19980701
 10087344   10087344WN     BORJE          SPEEDY MORTGAGE             19980701
 10105328   10105328WN     PETUSKY        AMRESCO                     19980701
 10142115   10142115WN     HA             HOME LOAN FUNDING           19980701
 10104743   10104743WN     FAYSON         UNIVERSAL EQUITY MTG        19980701
 10144863   10144863WN     PASCUA         MORTGAGES OF AMERICA        19980701
 10088292  110088292WN     HANKINS        TEXAS ALLSTATE MTG          19980601
 10103505   10103505WN     JONES          PHOENIX MORTGAGE CORP       19980701
 10117224   10117224WN     PARKER JR.     AMRESCO                     19980701
 10105088   10105088WN     DAWSON         TEXARKANA CENTURY MTG       19980701
 10088011   10088011WN     VALDEZ         AMRESCO                     19980601
 10146553   10146553WN     HASTINGS       HOME LOAN FUNDING           19980701
 10147635   10147635WN     COOK JR        HOME LOAN FUNDING           19980701
 10140036   10140036WN     CIMENO         OAK FINANCIAL GROUP         19980701
 10148112   10148112WN     ANDERSON       HOME LOAN FUNDING           19980701
 10117281   10117281WN     HOPPER         SARRA FINANCIAL SERV        19980701
 10104396   10104396WN     TENGLER        HOME LOAN FUNDING           19980701
 10141901   10141901WN     COX            MAIN LINE MORTGAGE          19980701
 10103315   10103315WN     DIXON          SOUTHERN CALIFORNIA         19980701
 10087716  110087716WN     JONICK         ANGELINA CAPITAL COR        19980601
 10088755   10088755WN     REUTER         HOME LOAN FUNDING           19980601
 10144491   10144491WN     BURNS          AMERA TREND MORTGAGE        19980701
 10105187   10105187WN     ALLEN          FIRST NATIONS MORTGA        19980701
 10145316   10145316WN     TANGARI        MTG CLEARING HOUSE          19980601
 10081586   10081586WN     WASHINGTON     MORTGAGE AMERICA (IM)       19980601


                                  Page 1 of 3
<PAGE>

AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2 Prefund
Loan Schedule: Group 1 Fixed Rate Loans

<TABLE>
<CAPTION>

  Servicer      AMRESCO       Last                                                                     Zip   Property      Maturity
Loan Number   Loan Number     Name              Address                  City              State      Code     Type          Date
- -----------   -----------     ----              -------                  ----              -----      ----     ----          ----
<S>           <C>            <C>            <C>                       <C>                   <C>       <C>      <C>         <C>
10143196      10143196WN     HERNANDEZ      22513 ANCHOR AVENUE       CARSON                CA        90745    SFR         20280601
10143923      10143923WN     ROBLES         771 PLEASANT HILL DR      DALLAS                TX        75217    SFR         20280601
10103919      10103919WN     HAWTHORNE      11100 LINNELL DRIVE       SAINT  LOUIS          MO        63136    SFR         20130601
10140226      10140226WN     BROWNING       307 NORTH KNIGHTS AV      BRANDON               FL        33511    SFR         20180601
10103588      10103588WN     MIROS          1025 ALTON ROAD           MIAMI                 FL        33139    CONDO       20280601
10141984      10141984WN     MURPHY         302 EAST JEAN STREET      TAMPA                 FL        33604    SFR         20280601
10142594      10142594WN     WRIGHT         909 GASTON STREET         ATLANTA               GA        30310    SFR         20130601
10143584      10143584WN     CHAMPION       1547 TANNAHILL LANE       BLOOMFIELD HILLS      MI        48304    CONDO       20280601
10142867      10142867WN     AHUNA          LOT 9 OOKALA SKILL C      OOKALA                HI        96774    SFR         20280601
10143956      10143956WN     MOORE          121 MARTIN STREET         WILLIAMSTON           NC        27892    SFR         20280601
10109338      10109338WN     KUSHNIR        1234-1238 GEORGIA ST      IMPERIAL BEACH        CA        91932    2-4 UNITS   20280701
10110997      10110997WN     GRIMMETT       700 GILTIN COURT          ARLINGTON             TX        76006    SFR         20130701
10112605      10112605WN     ENRIQUEZ       2308 PATSY PARKWAY        AUSTIN                TX        78744    SFR         20280701
10107209      10107209WN     IBARGUEN       1435 NORTHWEST 112 T      MIAMI                 FL        33167    SFR         20280701
10108124      10108124WN     TUTTLE         40755 NICOLE COURT        HEMET                 CA        92544    SFR         20130701
10107126      10107126WN     DYE            3702 LEOPOLD AVENUE       CLEVELAND             OH        44109    2-4 UNITS   20280701
10108009      10108009WN     ASUNCION       121 NAMAUU PLACE          KIHEI                 HI        96753    2-4 UNITS   20280701
10110971      10110971WN     BEHEL          #8 BLUE RIDGE DRIVE       SEARCY                AR        72143    SFR         20280701
10109874      10109874WN     LEE            2897 67TH WAY NORTH       ST. PETERSBURG        FL        33710    SFR         20180701
10108157      10108157WN     PHILLIPS       1822 LOMBARD STREET       NEW ORLEANS           LA        70122    SFR         20280701
10110013      10110013WN     KASSLER        1000 PAYNE AVENUE         AUSTIN                TX        78757    SFR         20280701
10143857      10143857WN     DEMETRO        1156 HOLLYWOOD BOULE      HOLLYWOOD             FL        33019    SFR         20280601
10107548      10107548WN     MORRISON       4910 SOUTHWEST 192ND      ALOHA                 OR        97007    SFR         20130701
10106417      10106417WN     HUGHES         ROUTE 3  BOX 460          BISMARCK              AR        71929    SFR         20280701
10107316      10107316WN     ZEPEDO         1260 TERILYN AVENUE       SAN JOSE              CA        95122    SFR         20280701
10107191      10107191WN     BRANSTETTER    5901 NORTH ORACLE #5      TUCSON                AZ        85704    CONDO       20280701
10107076      10107076WN     GARBER         834 26TH STREET           ALTOONA               PA        16601    SFR         20130701
10108298      10108298WN     KELLEY         1124 WEST 29TH AVENU      PINE BLUFF            AR        71603    SFR         20280701
10143188      10143188WN     BARUT          391 WAIEHU BEACH ROA      WAILUKU               HI        96793    SFR         20280601
10106029      10106029WN     SIMPSON        4090 HENCKEN ROAD         WILDWOOD              MO        63069    SFR         20080701
10105138      10105138WN     HARRIS         187 MAJUBA                MEMPHIS               TN        38109    SFR         20280701
10110450      10110450WN     MC CARTHY      6516 IMPERIAL RIDGE       EL PASO               TX        79912    SFR         20280701
10105526      10105526WN     PAIVA          1726 CLARK STREET         PITTSBURGH            PA        15221    SFR         20280701
10148666      10148666WN     CACATIAN       1016 LAA LANE             HONOLULU              HI        96817    SFR         20280601
10106987      10106987WN     BERRY          9364 KATTERMAN ROAD       SARDINIA              OH        45171    SFR         20280701
10107878      10107878WN     ZALDIVAR       6771 SOUTHWEST 15 ST      MIAMI                 FL        33144    SFR         20280701
10142644      10142644WN     CABLAY         22 KUPALAIKI LOOP         KIHEI                 HI        96753    PUD         20280701
10111391      10111391WN     LAVEAUX        919 WEST 2ND AVENUE       PINE BLUFF            AR        71601    SFR         20280701
10108918      10108918WN     CABALLERO      2415 HONEYBROOK CREE      MELBOURNE             FL        32935    PUD         20280701
10110690      10110690WN     HUSA           256 EAST 210TH  STRE      EUCLID                OH        44123    SFR         20130601
10109494      10109494WN     COOPER         3621 YOSEMITE DRIVE       PLANO                 TX        75023    SFR         20280701
10108850      10108850WN     YU             780 AMANA STREET          HONOLULU              HI        96814    CONDO       20280701
10109833      10109833WN     GARVIN         96 ROBBINS STREET SO      CONCORD               NC        28025    SFR         20280701
10106854      10106854WN     MUNOZ          13716 BELLBROOK DRIV      BROOK PARK            OH        44142    SFR         20130701
10107480      10107480WN     WOOD           7153 SHADY HILL DRIV      SAINT LOUIS           MO        63129    PUD         20280701
10104487      10104487WN     JACKSON        10727 BRAES FOREST D      HOUSTON               TX        77071    PUD         20280701
10109007      10109007WN     DICKENSON      3858 CLASSIC COURT        WEST PALM BEACH       FL        33417    PUD         20280701
10106938      10106938WN     MOORE          5912 SOUTH PRINCETON      CHICAGO               IL        60621    SFR         20280701
10105591      10105591WN     TURNBULL       2472 STARLIGHT GLEN       ESCONDIDO             CA        92026    PUD         20280601
10107530      10107530WN     KNIGHT         4201-03 DAISY AVENUE      CLEVELAND             OH        44109    2-4 UNITS   20280601
10111367      10111367WN     CANTRELL       417 MADISON AVENUE        PAINTSVILLE           KY        41240    SFR         20280701
10106862      10106862WN     NAKAMA         726 KIHAPAI STREET        KAILUA                HI        96734    SFR         20130701
10105781      10105781WN     STANGER        ROUTE 3 BOX 152           SOLSBERRY             IN        47459    SFR         20130701
10109478      10109478WN     SANDERS        5175 HOMEWOOD AVENUE      MAPLE HEIGHTS         OH        44137    SFR         20280701
10106144      10106144WN     ROMENA         29 SOUTH PAPA  AVENU      KAHULUI               HI        96732    SFR         20280701
10108884      10108884WN     HARADA         807 WAILUPE DRIVE         WAILUKU               HI        96793    SFR         20280701
10105724      10105724WN     BILLS          629 SOUTH 19TH AVENU      MAYWOOD               IL        60153    SFR         20280701
10108074      10108074WN     CANTU          906 DALLAS AVENUE         MCALLEN               TX        78501    SFR         20280701
10109486      10109486WN     NASH           845 EAST AVENUE           AKRON                 OH        44307    SFR         20280701
10109395      10109395WN     HYMAN          ROUTE 1 BOX 185 AC        FOUKE                 AR        71837    SFR         20280701
10107183      10107183WN     POURGAHAN      12002 SUGAR SPRINGS       HOUSTON               TX        77077    PUD         20280701
10113835      10113835WN     HENDERSON      5000 TONKA TRAIL          NORTH LITTLE ROCK     AR        72118    SFR         20280701
10110617      10110617WN     EBERHART       306 MILES ROAD            SHELBY                NC        28150    SFR         20280701
10112233      10112233WN     CONNOR         56 GREEN STREET           CARBONDALE            PA        18407    SFR         20280701
10111755      10111755WN     NEWMAN         115 ARMSTRONG DRIVE       JACKSONVILLE          NC        28540    SFR         20280701
10110401      10110401WN     BANDY          NNA HIGHWAY 98 SOUTH      CAREYWOOD             ID        83809    SFR         20280701
10112589      10112589WN     BUTLER         1352 SOPHIE BOULEVAR      ORLANDO               FL        32828    PUD         20280701
10111904      10111904WN     BUMP           3332 WISTERIA DRIVE       SAN DIEGO             CA        92106    SFR         20280701
10112175      10112175WN     MURRAY         2414 FORREST TRAIL R      EAST POINT            GA        30344    SFR         20130701
10112563      10112563WN     BILLINGSLEY    12001 MANSFIELD ROAD      KEITHVILLE            LA        71047    SFR         20130701
10113082      10113082WN     BUTLER         2050 NORTHWEST 28TH       FORT LAUDERDALE       FL        33311    SFR         20130701
                                                                                                            
<CAPTION>

                                          6/1/1998
  Servicer    AMRESCO       Last        * Scheduled  Current      Current          Occupancy     Original                   
Loan Number Loan Number     Name          Balance     Rate      P&I Payment   LTV   Status        Term        Servicer      
- ----------- -----------     ----        -----------   ----      ------------  ----  ------        ----        --------      
<S>         <C>            <C>            <C>         <C>         <C>         <C>    <C>           <C>         <C>          
10143196    10143196WN     HERNANDEZ         31000     9.35        257.28     21     OWNER         360         WENDOVER     
10143923    10143923WN     ROBLES            27950    12.98        308.75     65     OWNER         360         WENDOVER     
10103919    10103919WN     HAWTHORNE         67000     7.75        630.65     83     OWNER         180         WENDOVER     
10140226    10140226WN     BROWNING          85500     7.75        701.91     90     OWNER         240         WENDOVER     
10103588    10103588WN     MIROS             70176    10.85        660.36     82     OWNER         360         WENDOVER     
10141984    10141984WN     MURPHY            64800    11.15        624.46     90     OWNER         360         WENDOVER     
10142594    10142594WN     WRIGHT            55000        8        525.61     71     OWNER         180         WENDOVER     
10143584    10143584WN     CHAMPION         131250     9.45       1098.84     75     OWNER         360         WENDOVER     
10142867    10142867WN     AHUNA            112500      9.2        921.44     75     OWNER         360         WENDOVER     
10143956    10143956WN     MOORE             42250    13.28        476.63     65     OWNER         360         WENDOVER     
10109338    10109338WN     KUSHNIR          105000     9.58        889.03     70     NON OWNER     360         WENDOVER     
10110997    10110997WN     GRIMMETT         107300      8.2       1037.84     73     OWNER         180         WENDOVER     
10112605    10112605WN     ENRIQUEZ          62475      9.5        525.32     71     OWNER         360         WENDOVER     
10107209    10107209WN     IBARGUEN          55215     8.68        431.62     77     NON OWNER     360         WENDOVER     
10108124    10108124WN     TUTTLE           122500     7.75       1153.06     70     OWNER         180         WENDOVER     
10107126    10107126WN     DYE               61600     13.3        695.89     70     OWNER         360         WENDOVER     
10108009    10108009WN     ASUNCION         222000     8.15       1652.23     67     OWNER         360         WENDOVER     
10110971    10110971WN     BEHEL             93000     9.65        792.19     74     OWNER         360         WENDOVER     
10109874    10109874WN     LEE               64600     7.95        538.33     68     OWNER         240         WENDOVER     
10108157    10108157WN     PHILLIPS          21250      9.9        184.92     85     OWNER         360         WENDOVER     
10110013    10110013WN     KASSLER           37000    11.03         353.2     45     OWNER         360         WENDOVER     
10143857    10143857WN     DEMETRO          183500     9.75       1576.55     71     OWNER         360         WENDOVER     
10107548    10107548WN     MORRISON          82500     9.25        849.08     62     OWNER         180         WENDOVER     
10106417    10106417WN     HUGHES            64500     11.4        633.82     75     OWNER         360         WENDOVER     
10107316    10107316WN     ZEPEDO            77900     9.43        651.05     43     NON OWNER     360         WENDOVER     
10107191    10107191WN     BRANSTETTER       32625     9.68        278.62     76     NON OWNER     360         WENDOVER     
10107076    10107076WN     GARBER            24143    10.63        268.83     82     OWNER         180         WENDOVER     
10108298    10108298WN     KELLEY            35200       12        362.07     80     OWNER         360         WENDOVER     
10143188    10143188WN     BARUT            122500        7           815     58     NON OWNER     360         WENDOVER     
10106029    10106029WN     SIMPSON           40000      9.4         515.4     18     OWNER         120         WENDOVER     
10105138    10105138WN     HARRIS            27000     11.4        265.32     75     OWNER         360         WENDOVER     
10110450    10110450WN     MC CARTHY        140250      9.7       1199.82     75     OWNER         360         WENDOVER     
10105526    10105526WN     PAIVA             30750    11.58        306.39     75     OWNER         360         WENDOVER     
10148666    10148666WN     CACATIAN         304000     7.25       2073.82     80     OWNER         360         WENDOVER     
10106987    10106987WN     BERRY             40000      8.3        301.91     50     OWNER         360         WENDOVER     
10107878    10107878WN     ZALDIVAR         138700     9.05       1121.01     73     OWNER         360         WENDOVER     
10142644    10142644WN     CABLAY           150000     7.85          1085     77     OWNER         360         WENDOVER     
10111391    10111391WN     LAVEAUX           23250    10.68        215.81     75     NON OWNER     360         WENDOVER     
10108918    10108918WN     CABALLERO         55500     11.4        545.38     53     OWNER         360         WENDOVER     
10110690    10110690WN     HUSA              66300     8.25         643.2     70     OWNER         180         WENDOVER     
10109494    10109494WN     COOPER            63200     8.25         474.8     80     OWNER         360         WENDOVER     
10108850    10108850WN     YU               147840     6.99        982.59     77     NON OWNER     360         WENDOVER     
10109833    10109833WN     GARVIN            52200     7.75        373.97     90     OWNER         360         WENDOVER     
10106854    10106854WN     MUNOZ             73500     8.25        713.05     70     OWNER         180         WENDOVER     
10107480    10107480WN     WOOD             115116     8.25        864.83     61     OWNER         360         WENDOVER     
10104487    10104487WN     JACKSON          100800    12.08       1043.05     70     OWNER         360         WENDOVER     
10109007    10109007WN     DICKENSON         96000      8.8        758.66     87     OWNER         360         WENDOVER     
10106938    10106938WN     MOORE             39000    10.43        354.71     65     OWNER         360         WENDOVER     
10105591    10105591WN     TURNBULL         158100    10.25       1416.74     85     OWNER         360         WENDOVER     
10107530    10107530WN     KNIGHT            48960    10.68        454.46     77     NON OWNER     360         WENDOVER     
10111367    10111367WN     CANTRELL          51000      9.9         443.8     85     OWNER         360         WENDOVER     
10106862    10106862WN     NAKAMA            50000     9.95        535.77     19     OWNER         180         WENDOVER     
10105781    10105781WN     STANGER           60000     7.98         572.7     61     OWNER         180         WENDOVER     
10109478    10109478WN     SANDERS           72000     9.25        592.33     80     OWNER         360         WENDOVER     
10106144    10106144WN     ROMENA           112500     8.55        869.02     75     OWNER         360         WENDOVER     
10108884    10108884WN     HARADA           324000     8.75       2548.91     90     OWNER         360         WENDOVER     
10105724    10105724WN     BILLS             57704    10.18        514.09     66     OWNER         360         WENDOVER     
10108074    10108074WN     CANTU            185000     9.68       1579.93     53     OWNER         360         WENDOVER     
10109486    10109486WN     NASH              42500    10.65        393.54     85     OWNER         360         WENDOVER     
10109395    10109395WN     HYMAN             26350     10.9        248.95     85     OWNER         360         WENDOVER     
10107183    10107183WN     POURGAHAN         78550      9.9        683.53     57     OWNER         360         WENDOVER     
10113835    10113835WN     HENDERSON         42570    11.65        426.45     90     OWNER         360         WENDOVER     
10110617    10110617WN     EBERHART          53950    10.18        480.64     65     OWNER         360         WENDOVER     
10112233    10112233WN     CONNOR            54950    15.18        702.73     70     OWNER         360         WENDOVER     
10111755    10111755WN     NEWMAN            46800    13.28        527.96     65     OWNER         360         WENDOVER     
10110401    10110401WN     BANDY            168300      9.9       1464.53     77     OWNER         360         WENDOVER     
10112589    10112589WN     BUTLER            41800    10.05        368.37     73     OWNER         360         WENDOVER     
10111904    10111904WN     BUMP             185500     8.48       1423.71     70     NON OWNER     360         WENDOVER     
10112175    10112175WN     MURRAY           103300     9.75       1094.32     82     OWNER         180         WENDOVER     
10112563    10112563WN     BILLINGSLEY       30000      9.6        315.08     50     OWNER         180         WENDOVER     
10113082    10113082WN     BUTLER            22200     8.98         224.9     28     OWNER         180         WENDOVER     
</TABLE>                                                             

  Servicer    AMRESCO       Last                                         Due    
Loan Number Loan Number     Name              Originator                 Date   
- ----------- -----------     ----              ----------                 ----   
10143196    10143196WN     HERNANDEZ        EXCEL FUNDING               19980701
10143923    10143923WN     ROBLES           AMRESCO                     19980701
10103919    10103919WN     HAWTHORNE        AMRESCO                     19980701
10140226    10140226WN     BROWNING         AMRESCO                     19980701
10103588    10103588WN     MIROS            AMERICAN TRUST MTG          19980701
10141984    10141984WN     MURPHY           AMRESCO                     19980701
10142594    10142594WN     WRIGHT           IMAGE MORTGAGE INC          19980701
10143584    10143584WN     CHAMPION         WOODWARD MORTGAGE CO        19980701
10142867    10142867WN     AHUNA            PACIFIC STAR MTG            19980701
10143956    10143956WN     MOORE            CHASE MORTGAGE BRKRS        19980701
10109338    10109338WN     KUSHNIR          DEL MAR FINANCIAL GR        19980801
10110997    10110997WN     GRIMMETT         TEGRAS CORP                 19980801
10112605    10112605WN     ENRIQUEZ         NORTH AMERICAN MTG          19980801
10107209    10107209WN     IBARGUEN         HOME MORTGAGE LOANS         19980801
10108124    10108124WN     TUTTLE           IRWIN MORTGAGE CORP         19980801
10107126    10107126WN     DYE              U N M FINANCIAL COMP        19980801
10108009    10108009WN     ASUNCION         INTERNATIONAL SAVING        19980801
10110971    10110971WN     BEHEL            ARKANSAS FIDELITY           19980801
10109874    10109874WN     LEE              HOME LOAN FUNDING           19980801
10108157    10108157WN     PHILLIPS         GILYOT MORTGAGE CORP        19980801
10110013    10110013WN     KASSLER          HOME LOAN FUNDING           19980801
10143857    10143857WN     DEMETRO          MUNEMAN MORTGAGE INC        19980701
10107548    10107548WN     MORRISON         FIRST PACIFIC MTG           19980801
10106417    10106417WN     HUGHES           AMERICAN HOME LOANS         19980801
10107316    10107316WN     ZEPEDO           HOME LOAN FUNDING           19980801
10107191    10107191WN     BRANSTETTER      GOLD MORTGAGE CENTER        19980801
10107076    10107076WN     GARBER           LOAN NET INC                19980801
10108298    10108298WN     KELLEY           LENDERS MORTGAGE CO         19980801
10143188    10143188WN     BARUT            U S FINANCIAL MTG           19980701
10106029    10106029WN     SIMPSON          MID RIVERS MORTGAGE         19980801
10105138    10105138WN     HARRIS           APPLE MORTGAGE CORP         19980801
10110450    10110450WN     MC CARTHY        AMRESCO                     19980801
10105526    10105526WN     PAIVA            EQUITY LENDING GROUP        19980801
10148666    10148666WN     CACATIAN         PREMIER FEDERAL MORT        19980701
10106987    10106987WN     BERRY            MORTGAGE SOURCE INC         19980801
10107878    10107878WN     ZALDIVAR         OMNI INVESTMENTS            19980801
10142644    10142644WN     CABLAY           U S FINANCIAL MTG           19980801
10111391    10111391WN     LAVEAUX          LENDERS MORTGAGE CO         19980801
10108918    10108918WN     CABALLERO        LIBERTY AMERICAN MTG        19980801
10110690    10110690WN     HUSA             HOME LOAN FUNDING           19980701
10109494    10109494WN     COOPER           HOME LOAN FUNDING           19980801
10108850    10108850WN     YU               MORTGAGES OF AMERICA        19980801
10109833    10109833WN     GARVIN           HOME LOAN FUNDING           19980801
10106854    10106854WN     MUNOZ            NEW HORIZONS MORTGAGE       19980801
10107480    10107480WN     WOOD             PERSONAL HOME MTG           19980801
10104487    10104487WN     JACKSON          ANGELINA CAPITAL CORP       19980801
10109007    10109007WN     DICKENSON        HOME LOAN FUNDING           19980801
10106938    10106938WN     MOORE            FICUS FINANCIAL SRVCS       19980801
10105591    10105591WN     TURNBULL         NORTH AMERICAN MTG          19980701
10107530    10107530WN     KNIGHT           COLONY MORTGAGE CORP        19980701
10111367    10111367WN     CANTRELL         AMERICAN LENDING GRP        19980801
10106862    10106862WN     NAKAMA           MORTGAGE FUNDING INC        19980801
10105781    10105781WN     STANGER          BANKERS FINANCIAL GR        19980801
10109478    10109478WN     SANDERS          MORTGAGE FINDERS INC        19980801
10106144    10106144WN     ROMENA           U S FINANCIAL MTG           19980801
10108884    10108884WN     HARADA           MORTGAGE FUNDING INC        19980801
10105724    10105724WN     BILLS            CITYWIDE MORTGAGE OF        19980801
10108074    10108074WN     CANTU            THE ADVANCEMENT GROUP       19980801
10109486    10109486WN     NASH             COUNTRY HOME MTG            19980801
10109395    10109395WN     HYMAN            TEXARKANA CENTURY MTG       19980801
10107183    10107183WN     POURGAHAN        MILLENNIUM MORTGAGE         19980801
10113835    10113835WN     HENDERSON        MORTGAGE EXPRESS COR        19980801
10110617    10110617WN     EBERHART         AFFORDABLE MORTGAGE         19980801
10112233    10112233WN     CONNOR           NATIONAL FEDERAL FIN        19980801
10111755    10111755WN     NEWMAN           CHASE MORTGAGE BRKRS        19980801
10110401    10110401WN     BANDY            SANDPOINT MORTGAGE          19980801
10112589    10112589WN     BUTLER           MCCOY MORTGAGE CORPO        19980801
10111904    10111904WN     BUMP             UNION CAPITAL GROUP         19980801
10112175    10112175WN     MURRAY           HOME LOAN FUNDING           19980801
10112563    10112563WN     BILLINGSLEY      AAA MORTGAGE COMPANY        19980801
10113082    10113082WN     BUTLER           UNIVERSAL EQUITY MTG        19980801


                                  Page 2 of 3

<PAGE>

AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2 Prefund
Loan Schedule: 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>         
10112423      10112423WN     STOUT          204 SAINT JOHN STREE      NILES                 OH         44446   SFR         
10113546      10113546WN     SPYE           1983 MCKINLEY STREET      GARY                  IN         46404   SFR         
10114098      10114098WN     THOMPSON       7517 EAST 35TH STREE      INDIANAPOLIS          IN         46226   SFR         
10112076      10112076WN     MITCHAM        11307 SAMPLES ROAD        ALEXANDER             AR         72002   SFR         
10111656      10111656WN     MUJOVIC        580 WEST MAPLE STREE      HAZLETON              PA         18201   2-4 UNITS   
10111326      10111326WN     LARRISON       908 FRUIT STREET          CLEVELAND             OH         44113   2-4 UNITS   
10113231      10113231WN     SOLOMON        7718 LAVENDER             HOUSTON               TX         77016   SFR         
10112910      10112910WN     EBERT          2942 EAST 114TH STRE      CLEVELAND             OH         44104   2-4 UNITS   
        
<CAPTION>

                                                   6/1/1998
  Servicer    AMRESCO       Last     Maturity    * Scheduled  Current    Current         Occupancy Original                 
Loan Number Loan Number     Name       Date        Balance     Rate    P&I Payment  LTV    Status    Term       Servicer    
- ----------- -----------     ----       ----      -----------   ----    ------------ ----   ------    ----       --------    
<S>         <C>            <C>       <C>        <C>            <C>       <C>        <C>   <C>        <C>        <C>         
10112423    10112423WN     STOUT     20280701           57800   9.65      492.35     85   OWNER      360        WENDOVER    
10113546    10113546WN     SPYE      20280701           25675   12.6      276.01     65   OWNER      360        WENDOVER    
10114098    10114098WN     THOMPSON  20280701           29000  10.23      259.44     47   OWNER      360        WENDOVER    
10112076    10112076WN     MITCHAM   20280701           45500   14.4      553.55     70   OWNER      360        WENDOVER    
10111656    10111656WN     MUJOVIC   20280701          104757   9.13      852.72     82   OWNER      360        WENDOVER    
10111326    10111326WN     LARRISON  20280701           43500    9.8      375.33     75   OWNER      360        WENDOVER    
10113231    10113231WN     SOLOMON   20280701           29400  11.23       285.1     60   NON OWNER  360        WENDOVER    
10112910    10112910WN     EBERT     20280701           51714   9.68      441.65     66   NON OWNER  360        WENDOVER    
                                                -------------                                                 
                                     Balance    12,194,951.72 *26/1/98 pmt goes to Amresco, 7/1/98 pmt goes to TRUST 
                                                ============= 
                                     Loan Count           150                                                  
</TABLE>    

                                     
  Servicer    AMRESCO       Last                                   Due   
Loan Number Loan Number     Name            Originator             Date  
- ----------- -----------     ----            ----------             ----  
10112423    10112423WN     STOUT        NEW HORIZONS MORTGAGE    19980801
10113546    10113546WN     SPYE         DELTA MORTGAGE CO        19980801
10114098    10114098WN     THOMPSON     PRESTIGE MORTGAGE CO     19980801
10112076    10112076WN     MITCHAM      OLD STANDARD MORTGAGE    19980801
10111656    10111656WN     MUJOVIC      HIGHLAND MORTGAGE LT     19980801
10111326    10111326WN     LARRISON     MULTI-FUND INC           19980801
10113231    10113231WN     SOLOMON      ANGELINA CAPITAL CORP    19980801
10112910    10112910WN     EBERT        LANSING MORTGAGE CO      19980801
                                        

                                  Page 3 of 3

<PAGE>

AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
Loan Schedule: 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>
10143964      10143964WN     TRAUSCH        54 SOUTH LIBERTY STR      ELGIN                 IL        60120    SFR         20280601
10146793      10146793WN     CUYLER         455 WATERWAY DRIVE S      ATLANTA               GA        30331    SFR         20280601
10149177      10149177WN     COOPER-LEWIS   4450 NORTHWEST 11TH       LAUDERHILL            FL        33313    SFR         20280601
10088110      10088110WN     FLETCHER       9153 PRITCHETT ROAD       SPOTSYLVANIA          VA        22553    PUD         20280501
10110039      10110039WN     DAUBERT        2501 SNYDERSBURG ROA      HAMPSTEAD             MD        21074    SFR         20280701
10142636      10142636WN     ALEXANDER      526 MILL STREET           PLAINFIELD            WI        54966    SFR         20280601
10141810      10141810WN     ALLEN          617 WEST TIPTON           HUNTINGTON            IN        46750    SFR         20280601
10145829      10145829WN     TUCKER         287 WEST FORK ROAD        LINVILLE              NC        28646    SFR         20280601
10108611      10108611WN     ANDREWS        30 DELANO AVENUE          QUINCY                MA         2169    SFR         20280701
10142149      10142149WN     SMITH          2010 NORTH 2ND STREE      MILWAUKEE             WI        53212    SFR         20280601
10106912      10106912WN     LARSON         15500 MCKENZIE BOULE      MINNETONKA            MN        55345    SFR         20280701
10083632      10083632WN     GRIMES         4155 GATESWALK DRIVE      SMYRNA                GA        30080    SFR         20280501
10108421      10108421WN     BROWN          778 WEST LAKEVIEW RO      LINDON                UT        84042    SFR         20280701
10106227      10106227WN     WANLESS        650 WEST LINCOLN AVE      MADISON HEIGHTS       MI        48071    SFR         20280701
10140325      10140325WN     MORRISON SR.   2113 LOMBARDY DRIVE       FAYETTEVILLE          NC        28309    SFR         20280601
10143873      10143873WN     VOJTIK         1405 WYOMING WAY          MADISON               WI        53704    SFR         20280601
10080430      10080430WN     TOMAZIN JR.    18905 MEADOWVIEW DRI      MOKENA                IL        60448    SFR         20280501
10141422      10141422WN     EVERHARDT      4001 NORTHWEST 56TH       OKLAHOMA CITY         OK        73112    SFR         20280601
10142933      10142933WN     RAINEY         1420 WEST 73RD STREE      CHICAGO               IL        60636    SFR         20280601
10108645      10108645WN     BURCH          1627 WESTWOOD AVENUE      BALTIMORE             MD        21217    SFR         20280701
10106664      10106664WN     KALANISH       11301 APPLETON DRIVE      PARMA                 OH        44130    SFR         20280701
10108090      10108090WN     HERMENEY       2101 EAST 25TH STREE      WINSTON-SALEM         NC        27105    SFR         20280701
10108322      10108322WN     HARRIS         10180 HINERS LANE         EASTON                MD        21601    SFR         20280701
10104719      10104719WN     HAYES          216 SOUTH WINSOR DRI      FAYETTEVILLE          NC        28301    SFR         20280701
10109387      10109387WN     SHEPHARD       15703 T.C. JESTER BO      HOUSTON               TX        77068    PUD         20280701
10117174      10117174WN     ALLEMANG       533-35 NORTH 53RD ST      MILWAUKEE             WI        53208    SFR         20280601
10105443      10105443WN     DEAN           6804 SAUTER LANE          BALTIMORE             ID        21207    SFR         20280601
10077386      10077386WN     PALMER         218 BLUFF HOLLOW          SAN ANTONIO           TX        78216    SFR         20280501
10103984      10103984WN     BRUSH          6115 REDCOACH COURT       INDIANAPOLIS          IN        46250    SFR         20280601
10109684      10109684WN     PARRILLO       1 APRICOT LANE            SMITHFIELD            RI         2828    SFR         20280701
10143519      10143519WN     DESAI          9360 N. SPRUCE ROAD       RIVER HILLS           WI        53217    SFR         20280601
10104222      10104222WN     ANDERSON       1458 EAST 580 SOUTH       PROVO                 UT        84606    SFR         20280601
10107431      10107431WN     SMITH          208 STEUBEN STREET        MINGO JUNCTION        OH        43938    SFR         20280701
10146306      10146306WN     GLIGOROVIC     7734 WEST PALATINE A      CHICAGO               IL        60631    SFR         20280601
10139798      10139798WN     KNAPPENBERGE   257 CAMPBELL STREET       LEECHBURG             PA        15656    SFR         20280601
10141919      10141919WN     STAHLNECKER    1537 DOCK ROAD            MADISON               OH        44057    SFR         20280601
10141083      10141083WN     BERENS         2378 COMO AVENUE          SAINT PAUL            MN        55108    SFR         20280601
10149367      10149367WN     MERCADO        5728 JANICE LANE          TEMPLE HILLS          MD        20748    SFR         20280601
10141828      10141828WN     HARRIS-COLEMAN 1136 EAST 81ST STREE      CHICAGO               IL        60619    PUD         20280601
10103208      10103208WN     MESSENGER      2628 WEST KATELLA LA      SPRINGFIELD           MO        65807    SFR         20280601
10104115      10104115WN     ELLIOTT        20 FAIRWAY DRIVE UNI      COVENTRY              RI         2816    CONDO       20280601
10103950      10103950WN     POSEY          23 NEWKIRK ROAD           SOMERSET              NJ         8873    SFR         20280601
10104032      10104032WN     GRADY          2994 EUCLID HEIGHTS       CLEVELAND  HEIGHTS    OH        44118    SFR         20280601
10079804      10079804WN     CABANIT        67-448 KIOE STREET        WAIALUA               HI        96791    SFR         20280501
10076784      10076784WN     JACOBS         13404 GRANDVIA POINT      SAN DIEGO             CA        92130    PUD         20280501
10147957      10147957WN     MARANOS        1875 WEST 57TH STREE      CLEVELAND             OH        44102    2-4 UNITS   20280601
10117364      10117364WN     HARRIS         1910 EICHELBERGER DR      FAYETTEVILLE          NC        28303    SFR         20280701
10108314      10108314WN     NEAL           1019 WESTBROOK DRIVE      CHARLOTTE             NC        28202    SFR         20280701
10143477      10143477WN     LINK           109 SWEET GUM             HUMBOLDT              TN        38343    SFR         20130601
10109957      10109957WN     BENSON         1106 JOY AVENUE           AKRON                 OH        44306    SFR         20280701
10110625      10110625WN     LORENZO        442 LEXINGTON AVNUE       NEW HAVEN             CT         6513    SFR         20280701
10110336      10110336WN     DUBOSE         425 CADILLAC STREET       WINSTON SALEM         NC        27101    SFR         20280701
10111763      10111763WN     WARD           703 SOUTH SLOCUMB ST      GOLDSBORO             NC        27530    SFR         20280701
10105880      10105880WN     COOK           2003 OLD CHURCH ROAD      GASTONIA              NC        28052    SFR         20280601
10111565      10111565WN     KEMP           595 NOGALES AVENUE N      PALM BAY              FL        32907    SFR         20280701
10140549      10140549WN     WILLIAMSON     503 EDNA STREET           WINSTON SALEM         NC        27101    SFR         20280601
10145761      10145761WN     SIKORSKI       14190 CLAREMONT           CLEVELAND             OH        44130    SFR         20280501
10110070      10110070WN     BLAKSTAD       8288 CLOMAN AVENUE        INVER GROVE HEIGHTS   MN        55076    SFR         20280701
10143774      10143774WN     KILLINGSWORTH  8416 VAN PELT DRIVE       DALLAS                TX        75228    SFR         20280601
10141133      10141133WN     JOLLIVETTE     1424 NORTHWEST 69 ST      MIAMI                 FL        33147    SFR         20280601
10141752      10141752WN     BUIE           145 JOHNSON STREET        RED SPRINGS           NC        28377    SFR         20280601
10082550      10082550WN     MILLSAP        ROUTE 1 BOX 97 WEST       PRIEST RIVER          ID        83856    SFR         20280501
10069029      10069029WN     LONG JR.       4194 OWLS HEAD ROAD       FAYETTEVILLE          NC        28306    SFR         20280401
10105658      10105658WN     GASCON         1126 NORTH BUENA VIS      BURBANK               CA        91505    SFR         20280701
10140952      10140952WN     ISABELLA JR.   342 OVERLOOK DRIVE        HILLSVILLE            PA        16132    SFR         20280601
10142727      10142727WN     TEDRICK        21888 PARKDALE AVENU      CLEVELAND             OH        44126    SFR         20280601
10140556      10140556WN     WILLIAMSON     2701 OLD GREENSBORO       WINSTON SALEM         NC        27101    SFR         20280601
10104313      10104313WN     MORRIS         2611 EAST 78TH STREE      CHICAGO               IL        60649    SFR         20280601
10104917      10104917WN     GREEN          4211 ANGELES VISTA B      LOS ANGELES           CA        90008    SFR         20280601
10117018      10117018WN     BAUMGARTNER    410 BRUMETTS CREEK R      BLOOMINGTON           IN        47408    SFR         20280701
10104172      10104172WN     UMPHLETT       1212 FAIRFAX AVENUE       ELIZABETH CITY        NC        27909    SFR         20280601
10106953      10106953WN     SILER          6625 SPANISH OAK DRI      RURAL HALL            NC        27045    SFR         20280701

<CAPTION>

  Servicer    AMRESCO       Last          * Scheduled  Current      Current          Occupancy     Original                   
Loan Number Loan Number     Name            Balance     Rate      P&I Payment   LTV   Status        Term         Servicer     
- ----------- -----------     ----          -----------   ----      ------------  ----  ------        ----         --------     
<S>         <C>            <C>              <C>         <C>         <C>         <C>    <C>           <C>         <C>          
10143964    10143964WN     TRAUSCH             84082    13.22        944.59     75     OWNER         360         WENDOVER     
10146793    10146793WN     CUYLER             203000    13.75       2365.18     73     OWNER         360         WENDOVER     
10149177    10149177WN     COOPER-LEWIS        61051     13.5        699.29     72     OWNER         360         WENDOVER     
10088110    10088110WN     FLETCHER         79182.89    13.25        891.61     72     OWNER         360         WENDOVER     
10110039    10110039WN     DAUBERT            111500    11.75       1125.49     72     OWNER         360         WENDOVER     
10142636    10142636WN     ALEXANDER           35849    14.03        425.62     72     OWNER         360         WENDOVER     
10141810    10141810WN     ALLEN               49980     13.5        572.48     71     OWNER         360         WENDOVER     
10145829    10145829WN     TUCKER             149100    14.13          1782     71     OWNER         360         WENDOVER     
10108611    10108611WN     ANDREWS            102950       13       1138.83     71     OWNER         360         WENDOVER     
10142149    10142149WN     SMITH               24747    12.91        272.01     71     NON OWNER     360         WENDOVER     
10106912    10106912WN     LARSON              84848    14.38       1030.91     71     OWNER         360         WENDOVER     
10083632    10083632WN     GRIMES           51630.42     12.7       2725.32     71     OWNER         360         WENDOVER     
10108421    10108421WN     BROWN              127260     12.7       1377.97     71     OWNER         360         WENDOVER     
10106227    10106227WN     WANLESS             67165     13.5        769.32     71     OWNER         360         WENDOVER     
10140325    10140325WN     MORRISON SR.        50750    14.38        616.62     70     OWNER         360         WENDOVER     
10143873    10143873WN     VOJTIK              75600    14.03        897.56     70     OWNER         360         WENDOVER     
10080430    10080430WN     TOMAZIN JR.      53971.18    13.88       1810.09     70     OWNER         360         WENDOVER     
10141422    10141422WN     EVERHARDT           59500     13.5        681.52     70     OWNER         360         WENDOVER     
10142933    10142933WN     RAINEY              43400    15.76        575.23     70     NON OWNER     360         WENDOVER     
10108645    10108645WN     BURCH               25200    13.22         283.1     70     OWNER         360         WENDOVER     
10106664    10106664WN     KALANISH            81200     12.7        879.23     70     OWNER         360         WENDOVER     
10108090    10108090WN     HERMENEY            29400    14.38        357.21     70     OWNER         360         WENDOVER     
10108322    10108322WN     HARRIS             105000    12.63       1131.22     70     OWNER         360         WENDOVER     
10104719    10104719WN     HAYES               52500    14.38        637.88     70     OWNER         360         WENDOVER     
10109387    10109387WN     SHEPHARD           112000       14       1327.06     70     OWNER         360         WENDOVER     
10117174    10117174WN     ALLEMANG            77828    14.03        924.01     68     OWNER         360         WENDOVER     
10105443    10105443WN     DEAN                83000    13.13        926.59     67     OWNER         360         WENDOVER     
10077386    10077386WN     PALMER           74144.76    11.25       2704.57     66     OWNER         360         WENDOVER     
10103984    10103984WN     BRUSH               96135    11.75        970.4      66     OWNER         360         WENDOVER     
10109684    10109684WN     PARRILLO           115520    13.13       1289.63     66     OWNER         360         WENDOVER     
10143519    10143519WN     DESAI              334750    13.38       3802.69     66     OWNER         360         WENDOVER     
10104222    10104222WN     ANDERSON            65650    12.25        687.94     66     OWNER         360         WENDOVER     
10107431    10107431WN     SMITH               29835    10.84        280.52     66     OWNER         360         WENDOVER     
10146306    10146306WN     GLIGOROVIC         152750    11.63       1527.84     65     OWNER         360         WENDOVER     
10139798    10139798WN     KNAPPENBERGE        24050    13.13        268.49     65     OWNER         360         WENDOVER     
10141919    10141919WN     STAHLNECKER         84500    12.25        885.47     65     OWNER         360         WENDOVER     
10141083    10141083WN     BERENS              78650    13.22        883.57     65     OWNER         360         WENDOVER     
10149367    10149367WN     MERCADO             89050    13.38       1011.59     65     OWNER         360         WENDOVER     
10141828    10141828WN     HARRIS-COLEMAN      30550    12.63        329.13     65     OWNER         360         WENDOVER     
10103208    10103208WN     MESSENGER           52650    11.84        535.09     65     OWNER         360         WENDOVER     
10104115    10104115WN     ELLIOTT             63862    13.97        755.17     65     OWNER         360         WENDOVER     
10103950    10103950WN     POSEY              110500    11.88       1126.42     65     OWNER         360         WENDOVER     
10104032    10104032WN     GRADY               88400    12.25        926.34     65     OWNER         360         WENDOVER     
10079804    10079804WN     CABANIT          81953.42     12.5       1942.41     65     NON OWNER     360         WENDOVER     
10076784    10076784WN     JACOBS           05418.97    12.34       3222.59     65     OWNER         360         WENDOVER     
10147957    10147957WN     MARANOS             22750    12.34        239.98     65     OWNER         360         WENDOVER     
10117364    10117364WN     HARRIS              76700    10.63        709.07     65     OWNER         360         WENDOVER     
10108314    10108314WN     NEAL                58500    11.88        596.34     65     OWNER         360         WENDOVER     
10143477    10143477WN     LINK                23075     11.5        269.56     65     OWNER         180         WENDOVER     
10109957    10109957WN     BENSON              42250    11.75        426.48     65     OWNER         360         WENDOVER     
10110625    10110625WN     LORENZO             52650    11.84        535.09     65     OWNER         360         WENDOVER     
10110336    10110336WN     DUBOSE              32500    12.63        350.14     65     OWNER         360         WENDOVER     
10111763    10111763WN     WARD                27950    12.63        301.12     65     OWNER         360         WENDOVER     
10105880    10105880WN     COOK                61100    12.63        658.26     65     OWNER         360         WENDOVER     
10111565    10111565WN     KEMP                65000    12.25        681.13     65     OWNER         360         WENDOVER     
10140549    10140549WN     WILLIAMSON          19000    13.26        214.05     63     NON OWNER     360         WENDOVER     
10145761    10145761WN     SIKORSKI          73388.1     14.5        898.82     63     OWNER         360         WENDOVER     
10110070    10110070WN     BLAKSTAD            70000    13.13        781.46     63     OWNER         360         WENDOVER     
10143774    10143774WN     KILLINGSWORTH       65205     12.5        695.91     63     OWNER         360         WENDOVER     
10141133    10141133WN     JOLLIVETTE          40462    11.73        407.81     62     NON OWNER     360         WENDOVER     
10141752    10141752WN     BUIE                23870    13.98        282.45     62     OWNER         360         WENDOVER     
10082550    10082550WN     MILLSAP          45271.85       11        431.29     61     OWNER         360         WENDOVER     
10069029    10069029WN     LONG JR.         54632.37    12.58        586.76     61     OWNER         360         WENDOVER     
10105658    10105658WN     GASCON              99990     11.6        997.83     61     OWNER         360         WENDOVER     
10140952    10140952WN     ISABELLA JR.        25200    11.58        251.09     60     OWNER         360         WENDOVER     
10142727    10142727WN     TEDRICK             75000    12.65        809.18     60     OWNER         360         WENDOVER     
10140556    10140556WN     WILLIAMSON          22800    12.36        240.86     60     NON OWNER     360         WENDOVER     
10104313    10104313WN     MORRIS              51000    12.83        557.39     60     OWNER         360         WENDOVER     
10104917    10104917WN     GREEN              120000     11.6       1197.51     60     OWNER         360         WENDOVER     
10117018    10117018WN     BAUMGARTNER         45000     12.6        483.76     60     OWNER         360         WENDOVER     
10104172    10104172WN     UMPHLETT            55980    12.36        591.38     60     NON OWNER     360         WENDOVER     
10106953    10106953WN     SILER               63000    12.48        671.39     60     OWNER         360         WENDOVER     
</TABLE>                                                             
  Servicer    AMRESCO       Last                                          Due   
Loan Number Loan Number     Name               Originator                 Date 
- ----------- -----------     ----               ----------                 ----  
10143964    10143964WN     TRAUSCH          M F S MORTGAGE CORP         19980701
10146793    10146793WN     CUYLER           SABRE FINANCIAL MGMT        19980701
10149177    10149177WN     COOPER-LEWIS     MORTGAGE OPTIONS INC        19980701
10088110    10088110WN     FLETCHER         AMRESCO                     19980701
10110039    10110039WN     DAUBERT          AMRESCO                     19980801
10142636    10142636WN     ALEXANDER        CONSUMER SECURITY           19980701
10141810    10141810WN     ALLEN            ALLIED MORTGAGE BRKR        19980701
10145829    10145829WN     TUCKER           CONLEY MORTGAGE ASSO        19980701
10108611    10108611WN     ANDREWS          EQUITY MORTGAGE SRVCS       19980801
10142149    10142149WN     SMITH            BAYSHORE MORTGAGE LL        19980701
10106912    10106912WN     LARSON           PREFERRED MORTGAGE C        19980801
10083632    10083632WN     GRIMES           SABRE FINANCIAL MGMT        19980601
10108421    10108421WN     BROWN            JP FINANCIAL                19980801
10106227    10106227WN     WANLESS          CONSUMER ONE FINL           19980801
10140325    10140325WN     MORRISON SR.     CREATIVE MORTGAGE SE        19980701
10143873    10143873WN     VOJTIK           ROCK COUNTY MORTGAGE        19980701
10080430    10080430WN     TOMAZIN JR.      MORTGAGE AVENUES INC        19980601
10141422    10141422WN     EVERHARDT        FREEDOM EQUITIES INC        19980701
10142933    10142933WN     RAINEY           RAVENSWOOD MORTGAGE         19980701
10108645    10108645WN     BURCH            COASTAL MORTGAGE            19980801
10106664    10106664WN     KALANISH         PROGRESSIVE MORTGAGE        19980801
10108090    10108090WN     HERMENEY         FORSYTH MECHANICAL &        19980801
10108322    10108322WN     HARRIS           CONSOLIDATED MORTGAGE       19980801
10104719    10104719WN     HAYES            CREATIVE MORTGAGE SRVC      19980801
10109387    10109387WN     SHEPHARD         REPUBLIC MORTGAGES          19980801
10117174    10117174WN     ALLEMANG         INDEPENDENT MORTGAGE        19980701
10105443    10105443WN     DEAN             AMRESCO                     19980701
10077386    10077386WN     PALMER           H & L MORTGAGE INC          19980601
10103984    10103984WN     BRUSH            MORTGAGE PROS INC           19980701
10109684    10109684WN     PARRILLO         AFFORDABLE FUNDING          19980801
10143519    10143519WN     DESAI            BAYSHORE MORTGAGE LL        19980701
10104222    10104222WN     ANDERSON         AXIOM FINANCIAL INC         19980701
10107431    10107431WN     SMITH            1ST COMMUNITY MTG           19980801
10146306    10146306WN     GLIGOROVIC       PRO FILE MORTGAGE CO        19980701
10139798    10139798WN     KNAPPENBERGE     TOWNE & COUNTRY MTG         19980701
10141919    10141919WN     STAHLNECKER      NORTH AMERICAN LNDG         19980701
10141083    10141083WN     BERENS           MORTGAGE SOURCE INC         19980701
10149367    10149367WN     MERCADO          NATIONS CAPITAL MORT        19980701
10141828    10141828WN     HARRIS-COLEMAN   CHALLENGE MORTGAGE          19980701
10103208    10103208WN     MESSENGER        EQUITABLE MTG CO            19980701
10104115    10104115WN     ELLIOTT          FLAGSHIP MORTGAGE CO        19980701
10103950    10103950WN     POSEY            NATIONSCAPITAL MORTG        19980701
10104032    10104032WN     GRADY            NEW HORIZONS MORTGAGE       19980701
10079804    10079804WN     CABANIT          MORTGAGE FUNDING INC        19980601
10076784    10076784WN     JACOBS           AAA MORTGAGE MARKET         19980601
10147957    10147957WN     MARANOS          MORTGAGE FEDERAL CORP       19980701
10117364    10117364WN     HARRIS           A-1 MORTGAGE ASSOCIA        19980801
10108314    10108314WN     NEAL             CYC MORTGAGE CORPORA        19980801
10143477    10143477WN     LINK             CHASE MORTGAGE BRKRS        19980701
10109957    10109957WN     BENSON           KAFCO MORTGAGE COMPA        19980801
10110625    10110625WN     LORENZO          DERBY MORTGAGE SRVCS        19980801
10110336    10110336WN     DUBOSE           K R B MORTGAGE CO           19980801
10111763    10111763WN     WARD             CREATIVE MORTGAGE SRVC      19980801
10105880    10105880WN     COOK             MORTGAGE SECURITY IN        19980701
10111565    10111565WN     KEMP             UNIVERSAL EQUITY MTG        19980801
10140549    10140549WN     WILLIAMSON       TRIAD MTG INVSTMTS          19980701
10145761    10145761WN     SIKORSKI         HOME LOAN FUNDING           19980601
10110070    10110070WN     BLAKSTAD         PREFERRED MORTGAGE C        19980801
10143774    10143774WN     KILLINGSWORTH    HARTFORD CAPITAL            19980701
10141133    10141133WN     JOLLIVETTE       SOUTH FLORIDA MTG           19980701
10141752    10141752WN     BUIE             A-1 MORTGAGE ASSOCIA        19980701
10082550    10082550WN     MILLSAP          NORTHWEST MORTGAGE          19980601
10069029    10069029WN     LONG JR.         ALLSTATE MORTGAGE CO        19980701
10105658    10105658WN     GASCON           ANCHOR FINANCIAL SER        19980801
10140952    10140952WN     ISABELLA JR.     COAST TO COAST HOME         19980701
10142727    10142727WN     TEDRICK          PROGRESSIVE MORTGAGE        19980701
10140556    10140556WN     WILLIAMSON       TRIAD MTG INVSTMTS          19980701
10104313    10104313WN     MORRIS           PRESTAR FINANCIAL CO        19980701
10104917    10104917WN     GREEN            URBAN FINANCIAL CO          19980701
10117018    10117018WN     BAUMGARTNER      HOOSIER STATE MTG           19980801
10104172    10104172WN     UMPHLETT         CHASE MORTGAGE BRKRS        19980701
10106953    10106953WN     SILER            EQUITY MORTGAGE COMP        19980801

                                  Page 1 of 17
<PAGE>

AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
Loan Schedule: 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>
10111052      10111052WN     SIMS           3950-52 NORTH 41ST S      MILWAUKEE            WI         53216    2-4 UNITS   20280701
10113512      10113512WN     CARL           207 DURHAM                STEGER               IL         60475    SFR         20280701
10110161      10110161WN     NAPOLEON       RD. #3 123 EVANS LAN      GREENSBURG           PA         15601    SFR         20280701
10111235      10111235WN     ROBBINS        1012 SUNCREST DRIVE       OXFORD               MS         38665    SFR         20280701
10105963      10105963WN     LOUIE          9113 SOUTH KINGSTON       CHICAGO              IL         60617    SFR         20280701
10144038      10144038WN     HOWARD         1668 CARLYON ROAD         EAST CLEVELAND       OH         44112    SFR         20280601
10084457      10084457WN     POWERS         11415 LONG PINE DRIV      HOUSTON              TX         77077    PUD         20280501
10144061      10144061WN     BOUGHTON       9428 HIGHWAY 62           EAGLE POINT          OR         97524    SFR         20280601
10141992      10141992WN     HYDE           4013 8TH AVENUE           KENOSHA              WI         53140    SFR         20280601
10088813      10088813WN     BLACK          14301 BLACK FARMS RO      HUNTERSVILLE         NC         28078    SFR         20280501
10108629      10108629WN     SEWING         4312 LAUREL DRIVE         HOUSTON              TX         77021    PUD         20280701
10110096      10110096WN     SODERLUND      4359 OLD HIGHWAY 33       CLOQUET              MN         55720    SFR         20280701
10103158      10103158WN     MOFFA          792 SOUTH FRONT ST        PHILADELPHIA         PA         19147    2-4 UNITS   20280601
10109585      10109585WN     SANDERSON      18600 ILENE STREET        DETROIT              MI         48221    SFR         20280701
10110518      10110518WN     ONTIVEROS      459 NORTH HAYES AVEN      OXNARD               CA         93030    SFR         20280701
10146686      10146686WN     GONZALEZ       8201 CLINTON AVENUE       LUBBOCK              TX         79424    SFR         20280601
10144798      10144798WN     STRADLEY       10145 NORTHWEST LEE       PORTLAND             OR         97229    SFR         20280601
10140366      10140366WN     WILLIAMS       196 PRINCESS AVENUE       CONCORD              NC         28025    SFR         20280601
10142891      10142891WN     HUNTER         403 CEDAR STREET          ROCKY MOUNT          NC         27803    SFR         20280601
10149581      10149581WN     YOUNKER        1815 WEST 36TH STREE      LOS ANGELES          CA         90018    SFR         20280601
10108538      10108538WN     BROOKS         1454 WEST 37TH DRIVE      LOS ANGELES          CA         90018    SFR         20280701
10141174      10141174WN     KOBAK          825 WALTER ROAD           MEDINA               OH         44256    SFR         20280601
10105864      10105864WN     HEVERLY        450 MAIN STREET           VANDLING             PA         18407    SFR         20280601
10149284      10149284WN     CROCKER        15 THORNTON DRIVE         BURLINGTON           MA          1803    SFR         20280601
10143865      10143865WN     SANDOVAL       1202 SOUTH 11TH STRE      MILWAUKEE            WI         53204    SFR         20280601
10139673      10139673WN     TAYLOR         1128 WEST WRIGHT STR      MILWAUKEE            WI         53206    SFR         20280601
10107514      10107514WN     CARTER         2627-29 NORTH 37TH S      MILWAUKEE            WI         53210    2-4 UNITS   20280701
10108355      10108355WN     HILL           10156 W. KEIHNAU AVE      MILWAUKEE            WI         53224    CONDO       20280701
10110286      10110286WN     SHARP          1723 RUTLAND AVENUE       BALTIMORE            MD         21213    SFR         20280701
10112936      10112936WN     JONES          1544 GILLETTE CIRCLE      DALLAS               TX         75217    SFR         20280701
10112696      10112696WN     SANDERS        3414 LUCAS-HUNT RD        SAINT LOUIS          MO         63121    SFR         20280701
10082576      10082576WN     HOLMES         185 27TH AVENUE           SEATTLE              WA         98122    SFR         20280501
10139830      10139830WN     HAVERTY        6304 ESPINOSA AVENUE      LAS VEGAS            NV         89108    SFR         20280601
10144152      10144152WN     ROMERO JR.     3640 WEST ELLIOT ROA      LAVEEN               AZ         85339    2-4 UNITS   20280601
10087559      10087559WN     MARTINEZ       1526 SOUTH BIRCH STR      SANTA ANA            CA         92707    SFR         20280501
10144269      10144269WN     HELMS          1411 OAKDALE ROAD         ROCK HILL            SC         29730    SFR         20280601
10104412      10104412WN     NELSON         3615 NORTH WATSON RO      INDIANAPOLIS         IN         46205    SFR         20280601
10106995      10106995WN     WILLIAMS       220 SHRIVER STREET        MASSILLON            OH         44646    SFR         20280701
10141943      10141943WN     WHITE          2718 NORTHEAST 124TH      VANCOUVER            WA         98685    SFR         20280601
10140689      10140689WN     SNYDER II      7040 SABLE RIDGE LAN      NAPLES               FL         34109    SFR         20280501
10141695      10141695WN     FANNON         1325 SOUTH  11TH STR      LAS VEGAS            NV         89104    SFR         20280601
10141588      10141588WN     HUFFMAN SR.    3524 ACORDE AVENUE        PALMDALE             CA         93550    SFR         20280601
10106359      10106359WN     JONES          1783 MONTPELIER STRE      BALTIMORE            MD         21218    SFR         20280601
10105518      10105518WN     STEWART        3628 EAST  UNDERWOOD      CUDAHY               WI         53110    SFR         20280601
10085538      10085538WN     MCLEMORE       1533 VILLA STREET         RACINE               WI         53403    SFR         20280501
10081313      10081313WN     HARRIS         66 SOUTH ROAD             NORTHAMPTON          NH          3862    SFR         20280501
10083855      10083855WN     GLESK          913 MEADOW AVENUE         CHARLEROI            PA         15022    SFR         20280501
10145365      10145365WN     PEDCHENKO      60 PROGRESS STREET        PROVIDENCE           RI          2909    SFR         20280501
10088565      10088565WN     YEATER         30 TRASK STREET           PROVIDENCE           RI          2905    2-4 UNITS   20280601
10078962      10078962WN     BOISVERT       610 BOULEVARD WAY         PIEDMONT             CA         94610    SFR         20280501
10116945      10116945WN     FUNDERBURK     201 SHARPE AVENUE         KANNAPOLIS           NC         28083    SFR         20280701
10106839      10106839WN     COLEMAN        39 DELORES                CAHOKIA              IL         62206    SFR         20280701
10103695      10103695WN     SMITH          510 EAST OAKWOOD BOU      CHICAGO              IL         60653    2-4 UNITS   20280601
10109296      10109296WN     MADISON        5403 KINGS CROSSING       BROOKLYN PARK        MN         55443    SFR         20280701
10107233      10107233WN     IOSCO          1921 WEST TOUHY AVEN      PARK RIDGE           IL         60068    SFR         20280701
10111342      10111342WN     DICKINSON      2732 SOUTH RESERVE        HOUGHTON LAKE        MI         48629    SFR         20280701
10109981      10109981WN     BATEMAN        231 EAST NORTH HILL       SPRING               TX         77373    SFR         20280701
10103190      10103190WN     CARABALLO      856 SOUTH SAW MILL R      VINELAND             NJ          8360    SFR         20280601
10085884      10085884WN     DUNBAR         41 NAHANT AVENUE          WINTHROP             MA          2152    SFR         20280501
10110641      10110641WN     NUFRIO         948 EAST 1000 SOUTH       CLEARFIELD           UT         84015    SFR         20280701
10142172      10142172WN     LAWRENCE       2025 NORTHWEST 186 S      MIAMI                FL         33056    SFR         20280601
10103174      10103174WN     BANNON         21 NORTH PENNOCK ROA      UPPER DARBY          PA         19082    SFR         20280601
10105641      10105641WN     MEDLEY         5613 DRYSDALE DRIVE       SAN JOSE             CA         95112    SFR         20280701
10142420      10142420WN     RIVERA         7325 LAMSON ROAD          OAKWOOD VILLAGE      OH         44146    SFR         20280601
10106516      10106516WN     CREDLE         31 WATSESSING AVENUE      BLOOMFIELD           NJ          7003    SFR         20280701
10084358      10084358WN     GUTIERREZ      4736 BONANZA DRIVE N      SALEM                OR         97305    SFR         20280501
10141406      10141406WN     MONTGOMERY     1405 LATHAM               MEMPHIS              TN         38106    SFR         20280601
10147320      10147320WN     WILLIAMS       3140-40A NORTH PALME      MILWAUKEE            WI         53212    2-4 UNITS   20280601
10146918      10146918WN     ROSS           5653 ROSARIO BOULEVA      NORTH HIGHLANDS      CA         95660    SFR         20280601
10139756      10139756WN     THOM           1578 GRASS VALLEY RO      DEER LODGE PARK      CA         92355    SFR         20280601
10141091      10141091WN     LOWERY         1320 WEST 20TH STREE      LITTLE ROCK          AR         72206    2-4 UNITS   20280601
10104099      10104099WN     COVINGTON      8104 TEMPLE ROAD          PHILADELPHIA         PA         19150    SFR         20280601
                                                                                                            
<CAPTION>
                                         6/1/1998
  Servicer    AMRESCO       Last       * Scheduled  Current      Current          Occupancy     Original                  
Loan Number Loan Number     Name         Balance     Rate      P&I Payment   LTV   Status        Term         Servicer    
- ----------- -----------     ----       -----------   ----      ------------  ----  ------        ----         --------    
<S>         <C>            <C>          <C>          <C>         <C>         <C>    <C>           <C>         <C>         
10111052    10111052WN     SIMS             43800    12.36        462.71     60     NON OWNER     360         WENDOVER    
10113512    10113512WN     CARL             42000    12.13        436.22     60     OWNER         360         WENDOVER    
10110161    10110161WN     NAPOLEON         80400    11.73        810.33     60     OWNER         360         WENDOVER    
10111235    10111235WN     ROBBINS          32500    11.34        317.88     59     OWNER         360         WENDOVER    
10105963    10105963WN     LOUIE            50000    10.73        465.99     58     OWNER         360         WENDOVER    
10144038    10144038WN     HOWARD           36000    11.75        363.39     58     OWNER         360         WENDOVER    
10084457    10084457WN     POWERS       109971.72    12.48       1172.28     57     OWNER         360         WENDOVER    
10144061    10144061WN     BOUGHTON         60600     10.7        563.41     56     OWNER         360         WENDOVER    
10141992    10141992WN     HYDE             45920    12.08        475.17     56     OWNER         360         WENDOVER    
10088813    10088813WN     BLACK        224161.47    14.25       2700.91     55     OWNER         360         WENDOVER    
10108629    10108629WN     SEWING           83640     10.2        746.39     55     OWNER         360         WENDOVER    
10110096    10110096WN     SODERLUND        30250    12.83        330.61     55     OWNER         360         WENDOVER    
10103158    10103158WN     MOFFA            79000    13.06         877.6     53     NON OWNER     360         WENDOVER    
10109585    10109585WN     SANDERSON        29000     9.25        238.58     52     OWNER         360         WENDOVER    
10110518    10110518WN     ONTIVEROS        58000      9.5         487.7     48     OWNER         360         WENDOVER    
10146686    10146686WN     GONZALEZ         65800    11.95         674.3     47     OWNER         360         WENDOVER    
10144798    10144798WN     STRADLEY        104000     12.2       1085.79     43     OWNER         360         WENDOVER    
10140366    10140366WN     WILLIAMS         20000    12.33        210.82     40     OWNER         360         WENDOVER    
10142891    10142891WN     HUNTER           21600    11.13        207.83     40     OWNER         360         WENDOVER    
10149581    10149581WN     YOUNKER          40392     10.2        360.45     37     OWNER         360         WENDOVER    
10108538    10108538WN     BROOKS           41250    11.45        406.92     33     OWNER         360         WENDOVER    
10141174    10141174WN     KOBAK            28500     11.2        275.73     29     OWNER         360         WENDOVER    
10105864    10105864WN     HEVERLY          31920    11.48        315.61     80     OWNER         360         WENDOVER    
10149284    10149284WN     CROCKER         328000     11.6       3273.21     80     OWNER         360         WENDOVER    
10143865    10143865WN     SANDOVAL         39600    11.83        402.16     80     OWNER         360         WENDOVER    
10139673    10139673WN     TAYLOR           36000    12.48        383.65     80     OWNER         360         WENDOVER    
10107514    10107514WN     CARTER           30400    12.48        323.97     80     OWNER         360         WENDOVER    
10108355    10108355WN     HILL             27600    11.48        272.9      80     OWNER         360         WENDOVER    
10110286    10110286WN     SHARP            34800    10.83        326.95     80     OWNER         360         WENDOVER    
10112936    10112936WN     JONES            54800     11.6        546.86     80     OWNER         360         WENDOVER    
10112696    10112696WN     SANDERS          27200     11.6        271.44     80     OWNER         360         WENDOVER    
10082576    10082576WN     HOLMES       159832.22     10.2       1426.93     78     OWNER         360         WENDOVER    
10139830    10139830WN     HAVERTY          68640    10.95        651.08     78     OWNER         360         WENDOVER    
10144152    10144152WN     ROMERO JR.      232500     9.55       1963.47     78     OWNER         360         WENDOVER    
10087559    10087559WN     MARTINEZ     136985.13        9       1102.82     77     OWNER         360         WENDOVER    
10144269    10144269WN     HELMS            55080    11.33        538.32     77     OWNER         360         WENDOVER    
10104412    10104412WN     NELSON           76500     9.95        668.52     77     OWNER         360         WENDOVER    
10106995    10106995WN     WILLIAMS         59670    10.45         543.6     77     OWNER         360         WENDOVER    
10141943    10141943WN     WHITE            86640    10.95        821.82     76     OWNER         360         WENDOVER    
10140689    10140689WN     SNYDER II    238526.98    10.95       2263.36     76     OWNER         360         WENDOVER    
10141695    10141695WN     FANNON           74925    10.95         710.7     75     OWNER         360         WENDOVER    
10141588    10141588WN     HUFFMAN SR.      45450    10.45        414.05     75     OWNER         360         WENDOVER    
10106359    10106359WN     JONES            30000    11.83        304.66     75     OWNER         360         WENDOVER    
10105518    10105518WN     STEWART          61500    11.83        624.56     75     OWNER         360         WENDOVER    
10085538    10085538WN     MCLEMORE      32237.26    10.53        295.73     75     OWNER         360         WENDOVER    
10081313    10081313WN     HARRIS       227908.41    10.45       2077.09     75     OWNER         360         WENDOVER    
10083855    10083855WN     GLESK         34487.23    10.83        324.13     75     OWNER         360         WENDOVER    
10145365    10145365WN     PEDCHENKO     74967.38    10.08        662.62     75     OWNER         360         WENDOVER    
10088565    10088565WN     YEATER           56250    10.83        528.47     75     OWNER         360         WENDOVER    
10078962    10078962WN     BOISVERT     281168.63    11.95       2882.15     75     OWNER         360         WENDOVER    
10116945    10116945WN     FUNDERBURK       51000    11.98        523.81     75     OWNER         360         WENDOVER    
10106839    10106839WN     COLEMAN          20250    11.83        205.65     75     OWNER         360         WENDOVER    
10103695    10103695WN     SMITH           172500    11.83       1751.82     75     OWNER         360         WENDOVER    
10109296    10109296WN     MADISON         142500    10.83       1338.79     75     OWNER         360         WENDOVER    
10107233    10107233WN     IOSCO           202500    11.33       1979.12     75     OWNER         360         WENDOVER    
10111342    10111342WN     DICKINSON        24750     9.45        207.21     75     OWNER         360         WENDOVER    
10109981    10109981WN     BATEMAN          97500     9.95        852.03     75     OWNER         360         WENDOVER    
10103190    10103190WN     CARABALLO        74200     9.83        641.86     75     OWNER         360         WENDOVER    
10085884    10085884WN     DUNBAR       167938.11    10.85       1580.89     75     OWNER         360         WENDOVER    
10110641    10110641WN     NUFRIO           62680    10.45        571.02     74     OWNER         360         WENDOVER    
10142172    10142172WN     LAWRENCE         75154     9.95        656.76     73     OWNER         360         WENDOVER    
10103174    10103174WN     BANNON           50400    10.43        458.39     72     OWNER         360         WENDOVER    
10105641    10105641WN     MEDLEY          230400    10.45       2098.95     72     OWNER         360         WENDOVER    
10142420    10142420WN     RIVERA           61200     9.55        516.84     72     OWNER         360         WENDOVER    
10106516    10106516WN     CREDLE           71500    10.43         650.3     72     OWNER         360         WENDOVER    
10084358    10084358WN     GUTIERREZ     73537.04      9.8        634.79     71     OWNER         360         WENDOVER    
10141406    10141406WN     MONTGOMERY       27132    10.38        245.76     71     NON OWNER     360         WENDOVER    
10147320    10147320WN     WILLIAMS         33939    12.06        350.67     71     NON OWNER     360         WENDOVER    
10146918    10146918WN     ROSS             53900     9.55        455.19     70     OWNER         360         WENDOVER    
10139756    10139756WN     THOM             42000     10.3        377.92     70     OWNER         360         WENDOVER    
10141091    10141091WN     LOWERY           26600     8.88        211.74     70     NON OWNER     360         WENDOVER    
10104099    10104099WN     COVINGTON        47600    10.43        432.93     70     OWNER         360         WENDOVER    
</TABLE>                                                             

  Servicer    AMRESCO       Last                                        Due    
Loan Number Loan Number     Name             Originator                 Date   
- ----------- -----------     ----             ----------                 ----   
10111052    10111052WN     SIMS            SOLUTIONS PLUS & GROUP      19980801
10113512    10113512WN     CARL            GUARANTEED FINANCIAL        19980801
10110161    10110161WN     NAPOLEON        PROFESSIONAL MORTGAGE       19980801
10111235    10111235WN     ROBBINS         MORTGAGE MIRACLES LL        19980801
10105963    10105963WN     LOUIE           COVINGTON FINANCIAL         19980801
10144038    10144038WN     HOWARD          NORTH AMERICAN LNDG         19980701
10084457    10084457WN     POWERS          ANGELINA CAPITAL COR        19980601
10144061    10144061WN     BOUGHTON        BUDGET NATIONAL FIN.        19980701
10141992    10141992WN     HYDE            BAYSHORE MORTGAGE LL        19980701
10088813    10088813WN     BLACK           HOME LOAN FUNDING           19980601
10108629    10108629WN     SEWING          AMERICAN MORTGAGE EX        19980801
10110096    10110096WN     SODERLUND       HERITAGE FINANCIAL          19980801
10103158    10103158WN     MOFFA           THE LOAN CENTER             19980701
10109585    10109585WN     SANDERSON       AMERICARE MORTGAGE          19980801
10110518    10110518WN     ONTIVEROS       HOME LOAN FUNDING           19980801
10146686    10146686WN     GONZALEZ        SHARP MORTGAGE CO           19980701
10144798    10144798WN     STRADLEY        FIRST PACIFIC MTG           19980701
10140366    10140366WN     WILLIAMS        CHASE MORTGAGE BRKRS        19980701
10142891    10142891WN     HUNTER          STERLING MORTGAGE           19980701
10149581    10149581WN     YOUNKER         URBAN FINANCIAL CO          19980701
10108538    10108538WN     BROOKS          URBAN FINANCIAL CO          19980801
10141174    10141174WN     KOBAK           REGIONAL MORTGAGE IN        19980701
10105864    10105864WN     HEVERLY         NATIONAL FEDERAL FIN        19980701
10149284    10149284WN     CROCKER         EQUITY MORTGAGE SERV        19980701
10143865    10143865WN     SANDOVAL        CHOICE MORTGAGE INC         19980701
10139673    10139673WN     TAYLOR          MORTGAGE SOLUTIONS          19980701
10107514    10107514WN     CARTER          CITIZENS MORTGAGE INC       19980801
10108355    10108355WN     HILL            MORTGAGE SOLUTIONS          19980801
10110286    10110286WN     SHARP           COASTAL MORTGAGE            19980801
10112936    10112936WN     JONES           MONIE MORTGAGE COMPA        19980801
10112696    10112696WN     SANDERS         LINSTAR MORTGAGE CRP        19980801
10082576    10082576WN     HOLMES          AMERICAN MORTGAGE CE        19980601
10139830    10139830WN     HAVERTY         ASANTE INVESTMENT EN        19980701
10144152    10144152WN     ROMERO JR.      CITY LINE MORTGAGE C        19980701
10087559    10087559WN     MARTINEZ        AMERICAN CITY MTG           19980701
10144269    10144269WN     HELMS           STATE WIDE CAPITAL I        19980701
10104412    10104412WN     NELSON          THE EQUITY GROUP LLC        19980701
10106995    10106995WN     WILLIAMS        COUNTRY HOME MTG            19980801
10141943    10141943WN     WHITE           AFFORDABLE MORTGAGE         19980701
10140689    10140689WN     SNYDER II       SMART MORTGAGES UNLMTD      19980701
10141695    10141695WN     FANNON          ASANTE INVESTMENT EN        19980701
10141588    10141588WN     HUFFMAN SR.     GUILD MORTGAGE CO           19980701
10106359    10106359WN     JONES           COASTAL MORTGAGE            19980701
10105518    10105518WN     STEWART         BAYSHORE MORTGAGE LL        19980701
10085538    10085538WN     MCLEMORE        CITIZENS MORTGAGE IN        19980601
10081313    10081313WN     HARRIS          EQUITY MORTGAGE SRVCS       19980601
10083855    10083855WN     GLESK           WIN KIN CORP                19980601
10145365    10145365WN     PEDCHENKO       ALLEGIANCE INTNTL           19980601
10088565    10088565WN     YEATER          AFFORDABLE FUNDING          19980701
10078962    10078962WN     BOISVERT        RIGHT TRAC FINANCIAL        19980601
10116945    10116945WN     FUNDERBURK      J & M MORTGAGE INC          19980801
10106839    10106839WN     COLEMAN         AMERICAN MORTGAGE CO        19980801
10103695    10103695WN     SMITH           UNITED BANC                 19980701
10109296    10109296WN     MADISON         MORTGAGE UNLIMITED          19980801
10107233    10107233WN     IOSCO           PRIMERA MORTGAGE COM        19980801
10111342    10111342WN     DICKINSON       SUMMIT FINANCIAL            19980801
10109981    10109981WN     BATEMAN         ADVANTAGE HOME MTG          19980801
10103190    10103190WN     CARABALLO       PIONEER MORTGAGE INC        19980701
10085884    10085884WN     DUNBAR          NEW ENGLAND MERCHANT        19980601
10110641    10110641WN     NUFRIO          SERENITY MORTGAGE           19980801
10142172    10142172WN     LAWRENCE        C & R MORTGAGE INC          19980701
10103174    10103174WN     BANNON          CENTURY MORTGAGE            19980701
10105641    10105641WN     MEDLEY          AMRESCO                     19980801
10142420    10142420WN     RIVERA          AMRESCO                     19980701
10106516    10106516WN     CREDLE          FLEXIBLE BENEFITS MO        19980801
10084358    10084358WN     GUTIERREZ       M B I MORTGAGE BRKR         19980701
10141406    10141406WN     MONTGOMERY      FIDELITY MORTGAGE &         19980701
10147320    10147320WN     WILLIAMS        BAYSHORE MORTGAGE LL        19980701
10146918    10146918WN     ROSS            MARATHON HOME LOANS         19980701
10139756    10139756WN     THOM            VALLEY HEIGHTS FNDG         19980701
10141091    10141091WN     LOWERY          BETTIE JEAN BANKS           19980701
10104099    10104099WN     COVINGTON       CENTRAL CREDIT FUND         19980701

                                  Page 2 of 17
<PAGE>

AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
Loan Schedule: 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>
10149805      10149805WN     CROCKER        71 MORELAND STREET        SOMERVILLE           MA          2145    2-4 UNITS   20280601
10108785      10108785WN     MOTT           3202 SAINT AMBROSE A      BALTIMORE            MD         21215    SFR         20280701
10109825      10109825WN     SALOTTI        ROUTE 2 BOX 94-A          PRAGUE               OK         74864    SFR         20280701
10144699      10144699WN     ODONNELL       1145 ORNE COURT           KISSIMMEE            FL         34759    PUD         20280501
10076727      10076727WN     THOMPSON       6730 NORTHWEST 5 AVE      MIAMI                FL         33150    2-4 UNITS   20280501
10078368      10078368WN     FRANCIS        ROUTE 11 BOX 800 BRA      LAKE CITY            FL         32024    SFR         20280501
10140622      10140622WN     HORACK         68-252 OLOHIO STREET      WAIALUA              HI         96791    SFR         20280601
10106896      10106896WN     MORTON         125 BRENDA DRIVE          JACKSONVILLE         NC         28540    SFR         20280601
10142362      10142362WN     RAGAN          246 FOUNTAIN ROAD         SNOW SHOE            PA         16874    SFR         20280601
10110872      10110872WN     ANZELONE       1512 LORETTA DRIVE        PITTSBURGH           PA         15235    SFR         20280701
10083384      10083384WN     MATIAS         7305 LOST SHADOW COU      LAS VEGAS            NV         89131    PUD         20280501
10140119      10140119WN     BURTON         11201 KINGFISHER TER      MODLOTHIAN           VA         23112    SFR         20280601
10081214      10081214WN     WRIGHT         127-129 WEST CONCORD      MILWAUKEE            WI         53212    2-4 UNITS   20280501
10141281      10141281WN     WEINAND        8731 CONGDON BOULEVA      DULUTH               MN         55804    SFR         20280601
10087724      10087724WN     CORMIER        19715 INDIGO LAKE DR      MAGNOLIA             TX         77355    PUD         20280501
10145191      10145191WN     HAITH          903 MINNEOLA STREET       GIBSONVILLE          NC         27249    SFR         20280601
10108173      10108173WN     GREEN          553 SEDDON STREET         BRADDOCK             PA         15104    SFR         20280701
10105609      10105609WN     MALONE         1229-1233 WEST 59TH       LOS ANGELES          CA         90044    2-4 UNITS   20280701
10110674      10110674WN     FOX            HC 79 BOX 2652            PITTSBURGH           MO         65724    SFR         20280701
10148146      10148146WN     HAMILTON       2254 SCHOOL ROAD          HOPE MILLS           NC         28348    SFR         20280601
10111060      10111060WN     JONES          1118 SOUTHERN AVENUE      FAYETTEVILLE         NC         28306    SFR         20280701
10106235      10106235WN     DRAKE          634 ARKANSAS STREET       INGLESIDE            TX         78362    SFR         20280701
10104073      10104073WN     CARLETON       146-148 SHERMAN STRE      PORTLAND             ME          1401    2-4 UNITS   20280601
10106573      10106573WN     HOLMAN         3247 NORTH 29TH STRE      MILWAUKEE            WI         53216    2-4 UNITS   20280601
10144087      10144087WN     PATRICK        120 EAST FOX              SOUTH BEND           IN         46613    SFR         20280601
10110963      10110963WN     JONES          ROUTE 1  BOX 140-A        HOPE MILLS           NC         28348    SFR         20280701
10110955      10110955WN     JONES          2793 HOPE MILLS ROAD      HOPE MILLS           NC         28348    SFR         20280701
10148633      10148633WN     HERMANN        4301 WEST SATURN WAY      CHANDLER             AZ         85226    PUD         20280601
10087286      10087286WN     TENEYUCA       1656 PEACOCK AVENUE       SUNNYVALE            CA         94087    SFR         20280501
10147387      10147387WN     TOWLE          ROUTE 118                 WARREN               NH          3279    SFR         20280601
10146199      10146199WN     GRIGGS         1258 CHIMNEY ROCK RO      HOUSTON              TX         77056    SFR         20280601
10111896      10111896WN     ECKHARDT       5733 IVY DRIVE            MENTOR ON THE LAKE   OH         44060    SFR         20280701
10085793      10085793WN     GUIDRY         3995 WEST LYNWOOD DR      BEAUMONT             TX         77703    SFR         20280501
10107266      10107266WN     BURGHER        1320 5TH STREET           NEVADA               IA         50201    SFR         20280601
10080000      10080000WN     NOVAK          2981 SUMTER ROAD          CAMDEN               NJ          8104    SFR         20280501
10145001      10145001WN     ESTES          932-934 E. TEMPE DRI      TEMPE                AZ         85281    2-4 UNITS   20280601
10077964      10077964WN     GRANT          133 BREWER DRIVE          RICHMOND             KY         40475    SFR         20280501
10141778      10141778WN     DICKERSON      111 EAST NORTH B STR      GAS CITY             IN         46933    SFR         20280601
10140945      10140945WN     WHITE          1086 KAREN DRIVE          AKRON                OH         44313    SFR         20280601
10140150      10140150WN     BENNETT        7621 DUNFIELD AVENUE      LOS ANGELES          CA         90045    SFR         20280601
10089126      10089126WN     HORSLEY JR     529 BAR DRIVE             KISSIMMEE            FL         34759    SFR         20280501
10111490      10111490WN     BONAFIELD      924 FAIRWOOD BOULEVA      ELYRIA               OH         44035    SFR         20280701
10143782      10143782WN     WEST           769 CHARLIE NORRIS R      RICHMOND             KY         40475    SFR         20280601
10109809      10109809WN     LEE            511 EAST WRIGHT AVEN      TACOMA               WA         98404    SFR         20280701
10076198      10076198WN     KURATA         91-844 KEENA PLACE        EWA BEACH            HI         96706    SFR         20280501
10103554      10103554WN     WILLIAMS       114 WOODSTOCK AVENUE      FERGUSON             MO         63135    SFR         20280601
10141208      10141208WN     GILLETT        1610 DAUGHERTY AVENU      COTTAGE GROVE        OR         97424    SFR         20280601
10103448      10103448WN     VANVICKLE      1106 CEDAR STREET         LA GRANDE            OR         97850    SFR         20280601
10142032      10142032WN     MARTINEZ       1128 NORTH HILL AVEN      PASADENA             CA         91104    SFR         20280601
10148856      10148856WN     VINDLER        3197 CLARK STREET         PLACERVILLE          CA         95667    SFR         20280601
10142271      10142271WN     MOSKWA         24364 BOLAM               WARREN               MI         48089    SFR         20280601
10082881      10082881WN     HALL           2503 OHARTE ROAD          SAN PABLO            CA         94806    SFR         20280501
10104214      10104214WN     ALCUTT         613 17TH STREET           RICHMOND             CA         94801    2-4 UNITS   20280601
10106961      10106961WN     COY            120 WEST 870 NORTH        SUNSET               UT         84015    SFR         20280701
10142602      10142602WN     BROCKBANK      442 EAST 13TH STREET      OGDEN                UT         84404    SFR         20280601
10107423      10107423WN     TROTMAN        17541 NORTHWEST 14 A      MIAMI                FL         33169    SFR         20280701
10142784      10142784WN     WELLS          1120 WEST LOCUST STR      MILWAUKEE            WI         53206    SFR         20280601
10140259      10140259WN     JETT           1028 NORTH MILTON AV      BALTIMORE            MD         21205    SFR         20280601
10116986      10116986WN     ALDIS          8511 EAST 93RD STREE      KANSAS CITY          MO         64138    SFR         20280601
10143279      10143279WN     ROBINSON       3637 LEGION ROAD          HOPE MILLS           NC         28348    SFR         20280601
10143790      10143790WN     WILLIAMS       3350 NORTH 7TH STREE      MILWAUKEE            WI         53212    2-4 UNITS   20280601
10140374      10140374WN     KAHN           2991 EDGEFIELD DRIVE      WATERFORD            MI         48328    SFR         20280601
10077550      10077550WN     GEORGIUS       2054 L AVENUE             DENISON              IA         51442    SFR         20280501
10110542      10110542WN     JOHNSON        3215 PERSHING AVENUE      MEMPHIS              TN         38112    SFR         20280701
10109239      10109239WN     EXILHOMME      91 CLAYBOURNE STREET      DORCHESTER           MA          2124    2-4 UNITS   20280701
10110914      10110914WN     MCCARTHY       5595 MALACHITE AVENU      RANCHO CUCAMONGA     CA         91737    SFR         20280701
10113645      10113645WN     WALKER         12243 SOUTH MAY STRE      CHICAGO              IL         60643    SFR         20280701
10145050      10145050WN     THOMPSON       22 SILICA SAND STREE      HENDERSON            NV         89012    PUD         20280501
10107407      10107407WN     MURPHY         669 SOUTH MOHAWK AVE      PLEASANT GROVE       UT         84062    SFR         20280701
10142537      10142537WN     NASH           5305 NORTH 48TH STRE      MILWAUKEE            WI         53218    SFR         20280601
10078665      10078665WN     LACROIX        1029 SILVER HILLS DR      SENATOBIA            MS         38668    SFR         20280501
10109999      10109999WN     BROWN          1613 WYATT PARKWAY        LEXINGTON            KY         40505    SFR         20280701
                                                                                                            
<CAPTION>
                                         6/1/1998
  Servicer    AMRESCO       Last        * Scheduled  Current      Current          Occupancy     Original                   
Loan Number Loan Number     Name          Balance     Rate      P&I Payment   LTV   Status        Term         Servicer     
- ----------- -----------     ----        -----------   ----      ------------  ----  ------        ----         --------     
<S>         <C>            <C>           <C>          <C>         <C>         <C>    <C>           <C>         <C>          
10149805    10149805WN     CROCKER          196000    11.18       1893.26     70     NON OWNER     360         WENDOVER     
10108785    10108785WN     MOTT              28000    11.43        275.79     70     OWNER         360         WENDOVER     
10109825    10109825WN     SALOTTI           26600    10.93        251.91     70     OWNER         360         WENDOVER     
10144699    10144699WN     ODONNELL       48182.05     10.8        451.75     70     OWNER         360         WENDOVER     
10076727    10076727WN     THOMPSON       53772.69     9.35         446.5     67     OWNER         360         WENDOVER     
10078368    10078368WN     FRANCIS        90408.68     9.85        783.76     67     OWNER         360         WENDOVER     
10140622    10140622WN     HORACK           425450      9.8        3670.9     67     OWNER         360         WENDOVER     
10106896    10106896WN     MORTON            36850    10.73        343.43     67     OWNER         360         WENDOVER     
10142362    10142362WN     RAGAN             46547     9.76        400.25     67     OWNER         360         WENDOVER     
10110872    10110872WN     ANZELONE          46547     9.98         407.8     67     OWNER         360         WENDOVER     
10083384    10083384WN     MATIAS         67339.35    10.35        608.69     66     OWNER         360         WENDOVER     
10140119    10140119WN     BURTON            77054    10.73        718.13     65     OWNER         360         WENDOVER     
10081214    10081214WN     WRIGHT         35737.19    10.98        339.92     65     NON OWNER     360         WENDOVER     
10141281    10141281WN     WEINAND           58500    10.73        545.21     65     OWNER         360         WENDOVER     
10087724    10087724WN     CORMIER        214418.9    10.73       1999.09     65     OWNER         360         WENDOVER     
10145191    10145191WN     HAITH             33800    10.73        315.01     65     OWNER         360         WENDOVER     
10108173    10108173WN     GREEN             24700    10.73         230.2     65     OWNER         360         WENDOVER     
10105609    10105609WN     MALONE            91000     10.1        805.32     65     OWNER         360         WENDOVER     
10110674    10110674WN     FOX               19500     10.1        172.57     65     OWNER         360         WENDOVER     
10148146    10148146WN     HAMILTON          75400     9.98        660.57     64     OWNER         360         WENDOVER     
10111060    10111060WN     JONES             19000    10.91        179.65     63     NON OWNER     360         WENDOVER     
10106235    10106235WN     DRAKE             39271    10.35        354.83     62     OWNER         360         WENDOVER     
10104073    10104073WN     CARLETON         106400    10.48        971.69     61     OWNER         360         WENDOVER     
10106573    10106573WN     HOLMAN            23400    11.21        226.56     60     NON OWNER     360         WENDOVER     
10144087    10144087WN     PATRICK           23400    10.91        221.25     60     NON OWNER     360         WENDOVER     
10110963    10110963WN     JONES             40500    10.91        382.94     60     NON OWNER     360         WENDOVER     
10110955    10110955WN     JONES             27000    10.91        255.29     60     NON OWNER     360         WENDOVER     
10148633    10148633WN     HERMANN          136350     9.85       1181.48     58     OWNER         360         WENDOVER     
10087286    10087286WN     TENEYUCA      266358.92     9.15       2173.14     57     OWNER         360         WENDOVER     
10147387    10147387WN     TOWLE             47000     9.77        404.49     55     OWNER         360         WENDOVER     
10146199    10146199WN     GRIGGS           147336     9.65       1255.04     53     OWNER         360         WENDOVER     
10111896    10111896WN     ECKHARDT          49300     9.65        419.95     52     OWNER         360         WENDOVER     
10085793    10085793WN     GUIDRY         22490.86     10.4        204.14     51     OWNER         360         WENDOVER     
10107266    10107266WN     BURGHER           45408    10.53        416.38     51     OWNER         360         WENDOVER     
10080000    10080000WN     NOVAK          20192.44    10.78        189.02     49     OWNER         360         WENDOVER     
10145001    10145001WN     ESTES             35000    10.03        307.93     49     NON OWNER     360         WENDOVER     
10077964    10077964WN     GRANT          38361.52      9.6        325.52     46     OWNER         360         WENDOVER     
10141778    10141778WN     DICKERSON         40718     8.95        326.16     82     OWNER         360         WENDOVER     
10140945    10140945WN     WHITE             97920     9.95         855.7     82     OWNER         360         WENDOVER     
10140150    10140150WN     BENNETT          326400      8.7       2556.14     82     OWNER         360         WENDOVER     
10089126    10089126WN     HORSLEY JR     52999.62     10.7        493.13     82     OWNER         360         WENDOVER     
10111490    10111490WN     BONAFIELD         80376     9.45        672.91     82     OWNER         360         WENDOVER     
10143782    10143782WN     WEST              69295    10.45        631.28     82     OWNER         360         WENDOVER     
10109809    10109809WN     LEE               83838     9.45         701.9     81     OWNER         360         WENDOVER     
10076198    10076198WN     KURATA        147604.27      9.9       1285.02     81     OWNER         360         WENDOVER     
10103554    10103554WN     WILLIAMS          48615    10.45        442.88     81     OWNER         360         WENDOVER     
10141208    10141208WN     GILLETT          118800     9.95       1038.17     81     OWNER         360         WENDOVER     
10103448    10103448WN     VANVICKLE         76767    10.45        699.35     81     OWNER         360         WENDOVER     
10142032    10142032WN     MARTINEZ         133320     9.95       1165.06     81     OWNER         360         WENDOVER     
10148856    10148856WN     VINDLER          121200     9.95       1059.14     81     OWNER         360         WENDOVER     
10142271    10142271WN     MOSKWA            66256     9.95           579     81     OWNER         360         WENDOVER     
10082881    10082881WN     HALL          113064.13     9.48        949.52     81     OWNER         360         WENDOVER     
10104214    10104214WN     ALCUTT           128472     9.45       1075.58     81     OWNER         360         WENDOVER     
10106961    10106961WN     COY               88880     9.95         776.7     81     OWNER         360         WENDOVER     
10142602    10142602WN     BROCKBANK         56550     9.95        494.18     81     OWNER         360         WENDOVER     
10107423    10107423WN     TROTMAN           71557     9.45        599.08     80     OWNER         360         WENDOVER     
10142784    10142784WN     WELLS             32000    11.13        307.89     80     OWNER         360         WENDOVER     
10140259    10140259WN     JETT              28800    11.33        281.47     80     OWNER         360         WENDOVER     
10116986    10116986WN     ALDIS             41120      9.5        345.76     80     OWNER         360         WENDOVER     
10143279    10143279WN     ROBINSON         109200    10.33        985.04     80     OWNER         360         WENDOVER     
10143790    10143790WN     WILLIAMS          40000    11.33        390.94     80     OWNER         360         WENDOVER     
10140374    10140374WN     KAHN             106320    10.45        968.58     80     OWNER         360         WENDOVER     
10077550    10077550WN     GEORGIUS       67973.73    10.63        628.64     80     OWNER         360         WENDOVER     
10110542    10110542WN     JOHNSON           36000    10.45        327.96     80     OWNER         360         WENDOVER     
10109239    10109239WN     EXILHOMME        160000     9.95       1398.21     80     OWNER         360         WENDOVER     
10110914    10110914WN     MCCARTHY         210000    10.45       1913.11     80     OWNER         360         WENDOVER     
10113645    10113645WN     WALKER            57600    11.33        562.95     80     OWNER         360         WENDOVER     
10145050    10145050WN     THOMPSON      129978.22     8.95       1041.74     80     OWNER         360         WENDOVER     
10107407    10107407WN     MURPHY           114635     9.45        959.73     80     OWNER         360         WENDOVER     
10142537    10142537WN     NASH              33120     9.63        281.64     79     OWNER         360         WENDOVER     
10078665    10078665WN     LACROIX        73966.91     9.95        646.67     78     OWNER         360         WENDOVER     
10109999    10109999WN     BROWN             61610     9.95         538.4     77     OWNER         360         WENDOVER     
</TABLE>                                                             

  Servicer    AMRESCO       Last                                       Due    
Loan Number Loan Number     Name            Originator                 Date   
- ----------- -----------     ----            ----------                 ----   
10149805    10149805WN     CROCKER        EQUITY MORTGAGE SERV        19980701
10108785    10108785WN     MOTT           COASTAL MORTGAGE            19980801
10109825    10109825WN     SALOTTI        ALLIED MORTGAGE INC         19980801
10144699    10144699WN     ODONNELL       M F C MORTGAGE INC          19980601
10076727    10076727WN     THOMPSON       MTG CLEARING HOUSE          19980601
10078368    10078368WN     FRANCIS        SIGNATURE HOME EQUIT        19980701
10140622    10140622WN     HORACK         MORTGAGES OF AMERICA        19980701
10106896    10106896WN     MORTON         ATLANTIC FIRST MORTG        19980701
10142362    10142362WN     RAGAN          ATLANTIS II MORTGAGE        19980701
10110872    10110872WN     ANZELONE       USA PREFERRED MORTGAGE      19980801
10083384    10083384WN     MATIAS         GUILD MORTGAGE CO           19980601
10140119    10140119WN     BURTON         MONROE MORTGAGE INC         19980701
10081214    10081214WN     WRIGHT         BAYSHORE MORTGAGE LL        19980701
10141281    10141281WN     WEINAND        CONSUMER SECURITY           19980701
10087724    10087724WN     CORMIER        TEXAS ALLSTATE MTG          19980601
10145191    10145191WN     HAITH          CHASE MORTGAGE BRKRS        19980701
10108173    10108173WN     GREEN          CHAMPION FINANCIAL          19980801
10105609    10105609WN     MALONE         MARINA FINANCIAL FUN        19980801
10110674    10110674WN     FOX            EQUITABLE MTG CO            19980801
10148146    10148146WN     HAMILTON       RELIABLE MORTGAGE BR        19980701
10111060    10111060WN     JONES          A-1 MORTGAGE ASSOCIA        19980801
10106235    10106235WN     DRAKE          THE ADVANCEMENT GROUP       19980801
10104073    10104073WN     CARLETON       HAYMARKET FINANCIAL         19980701
10106573    10106573WN     HOLMAN         BAYSHORE MORTGAGE LL        19980701
10144087    10144087WN     PATRICK        HUB MORTGAGE                19980701
10110963    10110963WN     JONES          A-1 MORTGAGE ASSOCIA        19980801
10110955    10110955WN     JONES          A-1 MORTGAGE ASSOCIA        19980801
10148633    10148633WN     HERMANN        APEX MORTGAGE LLC           19980701
10087286    10087286WN     TENEYUCA       BAYPORTE FINANCIAL          19980601
10147387    10147387WN     TOWLE          FINANCIAL RESOURCES         19980701
10146199    10146199WN     GRIGGS         GREAT SOUTHERN FINL         19980701
10111896    10111896WN     ECKHARDT       EXPRESS MORTGAGE SRVC       19980801
10085793    10085793WN     GUIDRY         PROFESSIONAL MORTGAGE       19980601
10107266    10107266WN     BURGHER        HOME MORTGAGE CONSUL        19980701
10080000    10080000WN     NOVAK          WHARTON INVESTMENT N        19980701
10145001    10145001WN     ESTES          PORTFOLIO MORTGAGE          19980701
10077964    10077964WN     GRANT          AMERICAN LENDING GRP        19980701
10141778    10141778WN     DICKERSON      BLUE RIDGE FINANCIAL        19980701
10140945    10140945WN     WHITE          COUNTRY HOME MTG            19980701
10140150    10140150WN     BENNETT        FIRST BANKER MTG            19980701
10089126    10089126WN     HORSLEY JR     TOWN & COUNTRY MTG          19980701
10111490    10111490WN     BONAFIELD      NEW HORIZONS MORTGAGE       19980801
10143782    10143782WN     WEST           AMERICAN LENDING GRP        19980701
10109809    10109809WN     LEE            ASSOCIATES MORTGAGE         19980801
10076198    10076198WN     KURATA         NORTH AMERICAN MTG          19980601
10103554    10103554WN     WILLIAMS       FIRST CAPITAL MORTGA        19980701
10141208    10141208WN     GILLETT        MORTGAGE ONE INC            19980701
10103448    10103448WN     VANVICKLE      RESIDENTIAL MORTGAGE        19980701
10142032    10142032WN     MARTINEZ       FREEDOM FINANCIAL           19980701
10148856    10148856WN     VINDLER        DAVIS & AMARAL MTG          19980701
10142271    10142271WN     MOSKWA         CONSUMER ONE FINL           19980701
10082881    10082881WN     HALL           BANKERS MORTGAGE ALL        19980601
10104214    10104214WN     ALCUTT         BAYWIDE MORTGAGE            19980701
10106961    10106961WN     COY            SERENITY MORTGAGE           19980801
10142602    10142602WN     BROCKBANK      SERENITY MORTGAGE           19980701
10107423    10107423WN     TROTMAN        NATIONSWAY MORTGAGE         19980801
10142784    10142784WN     WELLS          MORTGAGE SOLUTIONS          19980701
10140259    10140259WN     JETT           COASTAL MORTGAGE            19980701
10116986    10116986WN     ALDIS          GROUP 50 FINANCIAL S        19980701
10143279    10143279WN     ROBINSON       FAYETTEVILLE MORTGAGE       19980701
10143790    10143790WN     WILLIAMS       BAYSHORE MORTGAGE LL        19980701
10140374    10140374WN     KAHN           WOODWARD MORTGAGE CO        19980701
10077550    10077550WN     GEORGIUS       MID AMERICA MORTGAGE        19980601
10110542    10110542WN     JOHNSON        FIDELITY MORTGAGE & LOAN    19980801
10109239    10109239WN     EXILHOMME      EQUITY MORTGAGE SRVCS       19980801
10110914    10110914WN     MCCARTHY       KINGSWAY MORTGAGE CO        19980801
10113645    10113645WN     WALKER         BERNARD MORTGAGE COR        19980801
10145050    10145050WN     THOMPSON       NVR MORTGAGE FINANCE        19980701
10107407    10107407WN     MURPHY         AXIOM FINANCIAL INC         19980801
10142537    10142537WN     NASH           MORTGAGE SOLUTIONS          19980701
10078665    10078665WN     LACROIX        AMERA TREND MORTGAGE        19980601
10109999    10109999WN     BROWN          AMERICAN LENDING GRP        19980801
                                          
                                  Page 3 of 17
<PAGE>

AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
Loan Schedule: 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>
10075901      10075901WN     OWEN           825 SOUTHWOOD BOULEL      INCLINE VILLAGE      NV         89452    CONDO       20280401
10084606      10084606WN     FOO            641 BRENTWOOD DRIVE       SAN JOSE             CA         95129    SFR         20280501
10106680      10106680WN     SANTOS         1014 7TH STREET           GLENN BURNIE         MD         21060    SFR         20280601
10107118      10107118WN     MANSFIELD      132 STAINT JOHNS ROA      COLLIERS             WV         26035    SFR         20280601
10074177      10074177WN     HOOKS          302 BAILEY AVENUE         KENLY                NC         27542    SFR         20280401
10087625      10087625WN     DICKERSON      3332 FLORAMAR TERRAC      NEW PORT RICHEY      FL         34652    SFR         20280601
10143345      10143345WN     IBARRA         236 NORTH DRIVE           SAN ANTONIO          TX         78201    SFR         20280601
10087849      10087849WN     ARCHBOLD       40730 154TH STREET        LAKE LOS ANGELES ARE CA         93535    SFR         20280501
10108579      10108579WN     JOHNSON        9950 EAST TRAVERSE H      TRAVERSE CITY        MI         49684    SFR         20280701
10145217      10145217WN     GARRISON       3441 NORTH 14TH STRE      MILWAUKEE            WI         53206    2-4 UNITS   20280601
10087211      10087211WN     THISTLE        3235 WEST SONOMA AVE      STOCKTON             CA         95204    SFR         20280501
10140796      10140796WN     KENNEDY        325 NORTH 7TH STREET      SAINT HELENS         OR         97051    SFR         20280601
10104321      10104321WN     GISSENTANNER   961 BANOCK STREET         SPRING VALLEY        CA         91977    SFR         20280601
10072346      10072346WN     HEWSON         1230 VALLEY QUAIL LA      AUBURN               CA         95602    SFR         20280401
10108835      10108835WN     TEPPER         17809 PUEBLO VISTA L      SAN DIEGO            CA         92127    PUD         20280701
10109171      10109171WN     KINKEAD        1994 KAMBER COURT         LAS VEGAS            NV         89119    SFR         20280701
10149094      10149094WN     MARTINEZ       833 EAST 112TH STREE      LOS ANGELES          CA         90059    SFR         20280601
10146900      10146900WN     POWELL         2541 BROOKSIDE DRIVE      IRVING               TX         75039    SFR         20280601
10148690      10148690WN     TREMBLE        11699 PENROD              DETROIT              MI         48228    SFR         20280601
10143261      10143261WN     COOK           1921 CLIFTON AVENUE       BALTIMORE            MD         21217    SFR         20280601
10104776      10104776WN     STEPHENS       1118 WILKINS DRIVE        WILLIAMSBURG         VA         23185    SFR         20280601
10076438      10076438WN     MCKINNON       2629 FINES CREEK DRI      STATESVILLE          NC         28625    SFR         20280501
10073039      10073039WN     HOLDER         2336 VIA ZAFIRO           SAN CLEMENTE         CA         92673    SFR         20280401
10085413      10085413WN     DINNIN         2830 COMMONWEALTH DR      PARMA                OH         44134    SFR         20280501
10074433      10074433WN     COTE           303 QUAKER DRIVE          FRIENDSWOOD          TX         77546    SFR         20280401
10147908      10147908WN     POWERS         1681 N. MARKET STREE      EAST PALESTINE       OH         44413    SFR         20280601
10148583      10148583WN     POPE           1609 NORTH LONGWOOD       BALTIMORE            MD         21216    SFR         20280601
10085249      10085249WN     URBAN JR.      1324 LAKE CONTENT DR      SAINT GERMAIN        WI         54558    SFR         20280501
10148468      10148468WN     REED           7882 CHARLESTON DRIV      SOUTHAVEN            MS         38671    SFR         20280601
10080257      10080257WN     COCKRIEL       13076 SOUTH WHEATFIE      DRAPER               UT         84020    SFR         20280501
10141463      10141463WN     BAILEY         806 WHITLOCK STREET       BALITMORE            MD         21217    SFR         20280601
10107795      10107795WN     JORDAN         1106 SUNNYSLOPE  DRI      CINCINNATI           OH         45229    SFR         20280701
10108454      10108454WN     JOSEY          202 SYCAMORE STREET       WILMINGTON           NC         28405    SFR         20280701
10110302      10110302WN     QUIMBY         215 3RD AVENUE NORTH      SAINT CLOUD          MN         56304    SFR         20280701
10072445      10072445WN     HEWSON         660 SQUAW VALLEY ROA      OLYMPIC VALLEY       CA         96146    SFR         20280401
10147817      10147817WN     JENKINS        2438 267TH COURT SOU      ISSAQUAH             WA         98029    SFR         20280601
10084028      10084028WN     STRICKLAND     6194 PINE NEEDLE LAN      PLACERVILLE          CA         95667    SFR         20280501
10088979      10088979WN     GEORGE         2755 NORTHWEST 192 T      MIAMI                FL         33056    SFR         20280501
10147114      10147114WN     OSBORNE        243-43 A EAST BURLEI      MILWAUKEE            WI         53212    2-4 UNITS   20280601
10107977      10107977WN     VINCENT        309 SOMERSET DRIVE        FORT WALTON BEACH    FL         32547    SFR         20280601
10146470      10146470WN     COHN           43 ROBINHOOD DRIVE        SAN RAFAEL           CA         94901    SFR         20280601
10144103      10144103WN     VAN LIZZEN     2295 NICOLA ROAD          PALM SPRINGS         CA         92262    SFR         20280601
10146496      10146496WN     ANDERSON       1608-8A WEST WRIGHT       MILWAUKEE            WI         53206    2-4 UNITS   20280601
10088599      10088599WN     OBRIEN IV      3629 AIKEN COURT          WELLINGTON           FL         33414    PUD         20280501
10083723      10083723WN     VAN LIZZEN     2907 EAST SAWYER STR      LONG BEACH           CA         90805    SFR         20280501
10087666      10087666WN     SUTHERLAND     613 EAST 47TH STREET      TULSA                OK         74015    SFR         20280501
10087906      10087906WN     SUTHERLAND     4861 NORTH JOHNSTOWN      TULSA                OK         74126    SFR         20280501
10139681      10139681WN     NEAL           241 EAST ELLET STREE      PHILADELPHIA         PA         19119    SFR         20280601
10103547      10103547WN     JESION         2074 SOUTH 58TH STRE      WEST ALLIS           WI         53219    SFR         20280601
10105831      10105831WN     BARBOZA        46-318 HAIKU ROAD         KANEOHE              HI         96744    CONDO       20280601
10110369      10110369WN     JESION         1446 SOUTH 60TH STRE      WEST ALLIS           WI         53219    SFR         20280701
10109213      10109213WN     EXILHOMME      212 QUINCY STREET         DORCHESTER           MA          2124    2-4 UNITS   20280701
10142511      10142511WN     PIPKINS        14122 NIGHTINGALE DR      HOUSTON              TX         77050    SFR         20280601
10107027      10107027WN     KELLY          9 HUNTERS CIRCLE          TEWKSBURY            NJ          8833    PUD         20280601
10143378      10143378WN     SWIFT          2309 ANN STREET           ST LOUIS             MO         63104    2-4 UNITS   20280601
10078467      10078467WN     RICHARDSON     813 PATTERSON GROVE       RAMSUER              NC         27316    SFR         20280501
10111854      10111854WN     CORNELIUS      2232 SOUTH PINEY POI      HOUSTON              TX         77063    CONDO       20280701
10108165      10108165WN     WEST           16 OLD RED LION ROAD      SOUTHHAMPTON         NJ          8088    SFR         20280701
10105039      10105039WN     MAY            406 HILCLIFFE DRIVE       WATERFORD            MI         48328    SFR         20280701
10143105      10143105WN     PIPKINS        14035 NIGHTINGALE DR      HOUSTON              TX         77050    SFR         20280601
10146074      10146074WN     SCOTT          1429 ELIZABETH AVENU      NORTH CHICAGO        IL         60064    2-4 UNITS   20280601
10140101      10140101WN     TAYLOR         390 BATES AVENUE          FAYETTEVILLE         GA         30215    SFR         20280601
10103760      10103760WN     JESION         6624 CANAL LANE           WATERFORD            WI         53185    SFR         20280601
10143543      10143543WN     CAMPBELL       1254 NORTHEAST 36 ST      OAKLAND PARK         FL         33334    SFR         20280601
10149151      10149151WN     DEEMER         14501 SUNFISH LAKE B      RAMSEY               MN         55303    SFR         20280601
10087971      10087971WN     FERMIN         85-87 BURNSIDE STREE      PROVIDENCE           RI          2905    2-4 UNITS   20280601
10143550      10143550WN     HIGGINS        315 AVILA ROAD            WEST PALM BEACH      FL         33405    SFR         20280601
10112027      10112027WN     SHERVA         622 EAST MAYFAIR          ARLINGTON HEIGHTS    IL         60005    SFR         20280701
10086148      10086148WN     PEREZ JR.      1185 ROSS CIRCLE          NAPA                 CA         94558    SFR         20280501
10108934      10108934WN     WEST           497 FOREST VIEW DRIV      S. SAN FRANCISCO     CA         94080    SFR         20280701
10103513      10103513WN     SEWARD         2305 TIMBERLAKE AVEN      HIGH POINT           NC         27265    SFR         20280601
10084275      10084275WN     HOLSTAD        ROUTE 5 BOX 159           DETROIT LAKES        MN         56501    SFR         20280501
<CAPTION>
                                           6/1/1998
  Servicer    AMRESCO       Last          * Scheduled  Current      Current          Occupancy     Original                   
Loan Number Loan Number     Name            Balance     Rate      P&I Payment   LTV   Status        Term         Servicer     
- ----------- -----------     ----          -----------   ----      ------------  ----  ------        ----         --------     
<S>         <C>            <C>             <C>          <C>         <C>         <C>    <C>           <C>         <C>          
10075901    10075901WN     OWEN             80560.66      9.4        672.21     77     OWNER         360         WENDOVER     
10084606    10084606WN     FOO             272782.67      9.9        2374.8     77     OWNER         360         WENDOVER     
10106680    10106680WN     SANTOS             104500     8.83        828.08     77     OWNER         360         WENDOVER     
10107118    10107118WN     MANSFIELD           79411    10.95        753.25     77     OWNER         360         WENDOVER     
10074177    10074177WN     HOOKS           159722.03     9.35       1326.94     77     OWNER         360         WENDOVER     
10087625    10087625WN     DICKERSON          199665     9.65       1700.79     77     OWNER         360         WENDOVER     
10143345    10143345WN     IBARRA              63495    10.15        564.26     77     OWNER         360         WENDOVER     
10087849    10087849WN     ARCHBOLD         53520.13      8.9        427.03     77     NON OWNER     360         WENDOVER     
10108579    10108579WN     JOHNSON            130815     8.77       1030.99     77     OWNER         360         WENDOVER     
10145217    10145217WN     GARRISON            34328     9.78        295.69     76     OWNER         360         WENDOVER     
10087211    10087211WN     THISTLE          72286.32      9.9        629.31     76     OWNER         360         WENDOVER     
10140796    10140796WN     KENNEDY             83333      9.9        725.16     76     OWNER         360         WENDOVER     
10104321    10104321WN     GISSENTANNER        96581     9.25        794.55     76     OWNER         360         WENDOVER     
10072346    10072346WN     HEWSON          130165.32     9.65       1109.84     76     OWNER         360         WENDOVER     
10108835    10108835WN     TEPPER             207555     8.75       1632.84     76     OWNER         360         WENDOVER     
10109171    10109171WN     KINKEAD            105293    10.15        935.71     76     OWNER         360         WENDOVER     
10149094    10149094WN     MARTINEZ            49125     9.02        395.98     75     OWNER         360         WENDOVER     
10146900    10146900WN     POWELL             157500     9.65       1341.62     75     OWNER         360         WENDOVER     
10148690    10148690WN     TREMBLE             42000    10.65        388.91     75     OWNER         360         WENDOVER     
10143261    10143261WN     COOK                31125    11.53        308.94     75     OWNER         360         WENDOVER     
10104776    10104776WN     STEPHENS            52500    12.08        543.26     75     OWNER         360         WENDOVER     
10076438    10076438WN     MCKINNON        159761.89    10.53       1465.57     75     OWNER         360         WENDOVER     
10073039    10073039WN     HOLDER          337036.28      7.9       2452.97     75     OWNER         360         WENDOVER     
10085413    10085413WN     DINNIN           83213.56    10.05        733.66     75     OWNER         360         WENDOVER     
10074433    10074433WN     COTE             59953.64    10.65        555.58     75     OWNER         360         WENDOVER     
10147908    10147908WN     POWERS              75000    10.65        694.48     75     OWNER         360         WENDOVER     
10148583    10148583WN     POPE                35625    11.53        353.61     75     OWNER         360         WENDOVER     
10085249    10085249WN     URBAN JR.        71216.97     9.78        613.72     75     OWNER         360         WENDOVER     
10148468    10148468WN     REED                56250    10.15        499.88     75     OWNER         360         WENDOVER     
10080257    10080257WN     COCKRIEL        164936.53    10.65       1527.85     75     OWNER         360         WENDOVER     
10141463    10141463WN     BAILEY              41250    10.78        385.99     75     OWNER         360         WENDOVER     
10107795    10107795WN     JORDAN             112500    10.65       1041.72     75     OWNER         360         WENDOVER     
10108454    10108454WN     JOSEY              108750    10.53        997.22     75     OWNER         360         WENDOVER     
10110302    10110302WN     QUIMBY              51000    10.53        467.66     75     OWNER         360         WENDOVER     
10072445    10072445WN     HEWSON          205564.83    10.28        1848.2     75     OWNER         360         WENDOVER     
10147817    10147817WN     JENKINS            353621      9.9       3077.18     74     OWNER         360         WENDOVER     
10084028    10084028WN     STRICKLAND      143444.19     10.6       1323.39     74     OWNER         360         WENDOVER     
10088979    10088979WN     GEORGE           23830.94     9.78        205.37     72     NON OWNER     360         WENDOVER     
10147114    10147114WN     OSBORNE             33200    11.16        320.19     72     NON OWNER     360         WENDOVER     
10107977    10107977WN     VINCENT             73600    10.03        647.52     71     NON OWNER     360         WENDOVER     
10146470    10146470WN     COHN               314615      9.9       2737.75     71     OWNER         360         WENDOVER     
10144103    10144103WN     VAN LIZZEN          64370     9.99        564.42     70     NON OWNER     360         WENDOVER     
10146496    10146496WN     ANDERSON            21000    11.16        202.53     70     NON OWNER     360         WENDOVER     
10088599    10088599WN     OBRIEN IV       307851.67      9.6       2612.33     70     OWNER         360         WENDOVER     
10083723    10083723WN     VAN LIZZEN       62972.08     9.99         552.4     70     NON OWNER     360         WENDOVER     
10087666    10087666WN     SUTHERLAND        19589.9     9.28        161.67     70     NON OWNER     360         WENDOVER     
10087906    10087906WN     SUTHERLAND       19519.94     9.28        161.09     70     NON OWNER     360         WENDOVER     
10139681    10139681WN     NEAL                56000    10.16        498.07     70     NON OWNER     360         WENDOVER     
10103547    10103547WN     JESION              47600     9.62        404.42     70     OWNER         360         WENDOVER     
10105831    10105831WN     BARBOZA             84000      9.4         700.2     70     OWNER         360         WENDOVER     
10110369    10110369WN     JESION              41300    10.25        370.09     70     NON OWNER     360         WENDOVER     
10109213    10109213WN     EXILHOMME          140000     9.78        1205.9     70     NON OWNER     360         WENDOVER     
10142511    10142511WN     PIPKINS             51375    10.65        475.72     69     OWNER         360         WENDOVER     
10107027    10107027WN     KELLY              206900     9.23       1699.12     66     OWNER         360         WENDOVER     
10143378    10143378WN     SWIFT               45500    10.73        424.05     65     NON OWNER     360         WENDOVER     
10078467    10078467WN     RICHARDSON       77965.35     9.98        683.35     65     OWNER         360         WENDOVER     
10111854    10111854WN     CORNELIUS           53950    10.23        482.64     65     NON OWNER     360         WENDOVER     
10108165    10108165WN     WEST               119000     9.73       1020.65     64     OWNER         360         WENDOVER     
10105039    10105039WN     MAY                 84000     9.35        697.14     62     OWNER         360         WENDOVER     
10143105    10143105WN     PIPKINS             40000    10.38        362.31     61     OWNER         360         WENDOVER     
10146074    10146074WN     SCOTT               54600     9.61        463.49     60     OWNER         360         WENDOVER     
10140101    10140101WN     TAYLOR              96000      9.1        779.36     60     OWNER         360         WENDOVER     
10103760    10103760WN     JESION              48600     9.98        425.78     60     NON OWNER     360         WENDOVER     
10143543    10143543WN     CAMPBELL            84000    10.75        784.12     60     OWNER         360         WENDOVER     
10149151    10149151WN     DEEMER             100000    10.23        894.61     56     OWNER         360         WENDOVER     
10087971    10087971WN     FERMIN              25000    10.73        232.99     56     OWNER         360         WENDOVER     
10143550    10143550WN     HIGGINS             82000     9.85        710.54     55     OWNER         360         WENDOVER     
10112027    10112027WN     SHERVA             143000     9.98       1252.81     54     OWNER         360         WENDOVER     
10086148    10086148WN     PEREZ JR.       252350.15      8.6       1959.43     54     OWNER         360         WENDOVER     
10108934    10108934WN     WEST               141400      8.6       1097.28     53     OWNER         360         WENDOVER     
10103513    10103513WN     SEWARD              65000     8.98        522.07     53     OWNER         360         WENDOVER     
10084275    10084275WN     HOLSTAD         149917.72     8.98       1204.78     48     OWNER         360         WENDOVER     
</TABLE>                                                              

  AMRESCO       Last                                         Due    
Loan Number     Name              Originator                 Date   
- -----------     ----              ----------                 ----   
10075901WN     OWEN             THE RADFORD COMPANY         19980701
10084606WN     FOO              PACIFIC BANKERS GROUP       19980701
10106680WN     SANTOS           HOME LOAN FUNDING           19980701
10107118WN     MANSFIELD        AMBASSADOR MORTGAGE         19980701
10074177WN     HOOKS            UNITED HOME MORTGAGE        19980701
10087625WN     DICKERSON        AFFORDABLE MORTGAGE         19980701
10143345WN     IBARRA           ORION PACIFIC MORTGAGE      19980701
10087849WN     ARCHBOLD         CROUSE & COMPANY MOR        19980701
10108579WN     JOHNSON          FIRST CAPITAL CORP          19980801
10145217WN     GARRISON         PHOENIX MORTGAGE COR        19980701
10087211WN     THISTLE          HOME LOAN SOLUTIONS         19980601
10140796WN     KENNEDY          MAJESTIC MORTGAGE           19980701
10104321WN     GISSENTANNER     ACTION MORTGAGE             19980701
10072346WN     HEWSON           FIRST FOOTHILL MTG          19980701
10108835WN     TEPPER           SKYLINE FINANCIAL SE        19980801
10109171WN     KINKEAD          STONERIDGE MORTGAGE         19980801
10149094WN     MARTINEZ         BOLSA FINANCIAL INC         19980701
10146900WN     POWELL           J R MORTGAGE CORP           19980701
10148690WN     TREMBLE          FINANCIAL NETWORK OF        19980701
10143261WN     COOK             COASTAL MORTGAGE            19980701
10104776WN     STEPHENS         JOHNSON MORTGAGE CO         19980701
10076438WN     MCKINNON         UNIQUE MORTGAGE INC         19980601
10073039WN     HOLDER           ANURADHA SOLANKI            19980601
10085413WN     DINNIN           MAJOR LEAGUE MTG            19980601
10074433WN     COTE             EQUITY MORTGAGE             19980601
10147908WN     POWERS           AMERIMORTGAGE INC.          19980701
10148583WN     POPE             COASTAL MORTGAGE            19980701
10085249WN     URBAN JR.        BAYSHORE MORTGAGE LL        19980701
10148468WN     REED             DESOTO EQUITY MORTGA        19980701
10080257WN     COCKRIEL         MAIN STREET MORTGAGE        19980601
10141463WN     BAILEY           COASTAL MORTGAGE            19980701
10107795WN     JORDAN           MERCANTILE MORTGAGE         19980801
10108454WN     JOSEY            FIRST CONSUMERS MTG         19980801
10110302WN     QUIMBY           LIBERTY SAVINGS BANK        19980801
10072445WN     HEWSON           FIRST FOOTHILL MTG          19980601
10147817WN     JENKINS          STOHR CAPITAL GROUP         19980701
10084028WN     STRICKLAND       PLATINUM MORTGAGE CO        19980601
10088979WN     GEORGE           UNIVERSAL EQUITY MOR        19980601
10147114WN     OSBORNE          BAYSHORE MORTGAGE LL        19980701
10107977WN     VINCENT          MILAN GROUP INC THE         19980701
10146470WN     COHN             FIRST CAPITAL GROUP         19980701
10144103WN     VAN LIZZEN       BANKERS TRUST MTG           19980701
10146496WN     ANDERSON         CHOICE MORTGAGE INC         19980701
10088599WN     OBRIEN IV        SUNDIAL MORTGAGE CORP       19980701
10083723WN     VAN LIZZEN       BANKERS TRUST MTG           19980601
10087666WN     SUTHERLAND       PURNELL FINANCIAL SE        19980701
10087906WN     SUTHERLAND       PURNELL FINANCIAL SE        19980701
10139681WN     NEAL             MICHAEL A SLACKTISH         19980701
10103547WN     JESION           MORTGAGE SOLUTIONS          19980701
10105831WN     BARBOZA          CHARTER MORTGAGE LTD        19980701
10110369WN     JESION           MORTGAGE SOLUTIONS          19980801
10109213WN     EXILHOMME        EQUITY MORTGAGE SRVCS       19980801
10142511WN     PIPKINS          ADVANTAGE HOME MTG          19980701
10107027WN     KELLY            NEW JERSEY PREFERRED        19980701
10143378WN     SWIFT            FIDELITY MORTGAGE           19980701
10078467WN     RICHARDSON       CUSTOM MORTGAGE             19980601
10111854WN     CORNELIUS        MONEYTREE RESOURCES         19980801
10108165WN     WEST             HAMPSTEAD FINANCIAL         19980801
10105039WN     MAY              1ST COMMUNITY MTG           19980801
10143105WN     PIPKINS          ADVANTAGE HOME MTG          19980701
10146074WN     SCOTT            AMERICAN SECURITY MO        19980701
10140101WN     TAYLOR           MBM CAPITAL                 19980701
10103760WN     JESION           MORTGAGE SOLUTIONS          19980701
10143543WN     CAMPBELL         ROSHA JAGJIT SINGH          19980701
10149151WN     DEEMER           MORTGAGE UNLIMITED          19980701
10087971WN     FERMIN           ALLEGIANCE INTNTL           19980701
10143550WN     HIGGINS          SUNDIAL MORTGAGE CORP       19980701
10112027WN     SHERVA           MORTGAGE NETWORK INC        19980801
10086148WN     PEREZ JR.        INVESTORS TRUST MTG         19980601
10108934WN     WEST             BAYPORTE FINANCIAL          19980801
10103513WN     SEWARD           K R B MORTGAGE CO           19980701
10084275WN     HOLSTAD          HERITAGE FINANCIAL          19980601
                                
                                  Page 4 of 17

<PAGE>

AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
Loan Schedule: 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>
10080596      10080596WN     POWERS         1013 HARVEST COURT        CORAOPOLIS           PA         15108    SFR         20280501
10107068      10107068WN     VAUGHAN        827 WOODLAND STREET       HOUSTON              TX         77009    SFR         20280601
10087740      10087740WN     BUTTERFIELD    66 LEEDSVILLE DRIVE       LINCROFT             NJ          7738    SFR         20280501
10145910      10145910WN     MOYA           6537 DONEGAL DRIVE        CITRUS HEIGHTS       CA         95621    PUD         20280601
10146819      10146819WN     PANG           HAWI ROAD                 HAWI                 HI         96719    CONDO       20280601
10111847      10111847WN     FINCH          1818 DANRIDGE COURT       BARNHART             MO         63012    PUD         20280701
10141950      10141950WN     WEST-WIESE     117 SOUTHEAST 12TH A      POMPANO BEACH        FL         33060    2-4 UNITS   20280601
10110203      10110203WN     THOMPSON       4815 NORTHWEST 5TH C      PLANTATION           FL         33317    SFR         20280701
10110047      10110047WN     VAUGHN         4225 TIPPERARY PLACE      CHARLOTTE            NC         28215    SFR         20280701
10109445      10109445WN     JOHNSON        7445 SOUTHEAST 71ST       PORTLAND             OR         97206    SFR         20280701
10109916      10109916WN     BUTCHER        403 ROCK STREET           RANDLEMAN            NC         27317    SFR         20280701
10149490      10149490WN     NDAGANO        109 VOLPE DRIVE           MONROEVILLE          PA         15146    SFR         20280601
10104677      10104677WN     CRUZ           1210 NORTWEST 1ST AV      FORT LAUDERDALE      FL         33311    SFR         20280601
10143238      10143238WN     KELLEY         95599 HIGHWAY 101         YACHATS              OR         97498    SFR         20280601
10147833      10147833WN     GREER          1093 LINDEN AVENUE        MEMPHIS              TN         38104    2-4 UNITS   20280601
10146876      10146876WN     WALLACE        12703 LALEU LANE          HOUSTON              TX         77071    PUD         20280601
10103273      10103273WN     JACKSON        521 NATALIE DRIVE         GOODLETTSVILLE       TN         37072    SFR         20280601
10104925      10104925WN     FLIKKE         105 HORSESHOE LANE        MISSOULA             MT         59803    SFR         20280601
10141760      10141760WN     CABRERA        2920 VILLA DRIVE          MARRERO              LA         70072    SFR         20280601
10105674      10105674WN     ROCCANOVA      1349 ELMBANK WAY          ROYAL PALM BEACH     FL         33411    SFR         20280601
10144210      10144210WN     DINNING        6703 CODY STREET          BONNERS FERRY        ID         83805    SFR         20280601
10147031      10147031WN     TAYLOR         2974 WOODLAND HILLS       GRAPEVINE            TX         76051    SFR         20280601
10084077      10084077WN     SHEPHERD       1671 SOUTHPOINTE DRI      YUBA CITY            CA         95991    SFR         20280501
10109817      10109817WN     PATTERSON      4715 WELCHANCE ROAD       MURFREESBORO         TN         37127    SFR         20280701
10109783      10109783WN     DELANNOY       13735 PEPPER KNOLL D      HOUSTON              TX         77065    PUD         20280701
10104255      10104255WN     MANN           4985 BROWNS MILL ROA      LITHONIA             GA         30038    SFR         20280601
10141554      10141554WN     BRUNO          2368 SOUTHWEST CEDAR      PORTLAND             OR         97205    CONDO       20280601
10148013      10148013WN     ZUNIGA         9048 ALDER STREET         RANCHO CUCAMONGA     CA         91730    SFR         20280601
10143147      10143147WN     PIZZO          734 WEST 22ND STREET      SAN PEDRO            CA         90731    SFR         20280601
10147049      10147049WN     TUPMAN         2419 TINECHESTER DRI      KINGWOOD             TX         77339    PUD         20280601
10083889      10083889WN     CORRALES       1902 JUAREZ COURT         SAN JOSE             CA         95132    SFR         20280501
10148823      10148823WN     SMITH SR.      2849 CYPRESS VIEW CO      KISSIMMEE            FL         34741    PUD         20280601
10107910      10107910WN     HENDRICKS      15029 WOODS VALLEY R      VALLEY CENTER        CA         92082    SFR         20280701
10104842      10104842WN     DE LA CRUZ     126 ST. FINANS WAY        HOUSTON              TX         77015    PUD         20280601
10104081      10104081WN     LUX            312 NORTH 6TH STREET      IRONTON              OH         45638    SFR         20280601
10108249      10108249WN     DE LA GARZA    4813 HOLLY PARK DRIV      PASADENA             TX         77505    SFR         20280701
10139715      10139715WN     JONES JR.      9392 EAST STREET ROA      UNIONVILLE           IN         47468    SFR         20280601
10104701      10104701WN     WOLFSTELLER    510 FIR STREET            CARLIN               NV         89822    SFR         20280601
10104651      10104651WN     KNIGHT         2411 KINGS FOREST DR      HUMBLE               TX         77339    PUD         20280701
10107597      10107597WN     DUNLEVY        1205 CANYONVIEW ROAD      SAGAMORE HILLS       OH         44067    CONDO       20280601
10117232      10117232WN     ZAMICHIELLI    520 BENNER STREET         PHILADELPHIA         PA         19111    SFR         20280601
10112290      10112290WN     SCHEPPERS      673 NORTH KALAHEO AV      KAILUA               HI         96734    SFR         20280701
10106508      10106508WN     DRUCE          4327 WEST TWILIGHT D      SALT LAKE CITY       UT         84118    SFR         20280701
10073864      10073864WN     HASS           747 LOWER PACIFIC DR      SHELTER COVE         CA         95589    SFR         20280401
10106334      10106334WN     WILLIAMS       649 NORTHWEST 65 STR      MIAMI                FL         33127    SFR         20280601
10107399      10107399WN     BRIGGS         1051 LOVERS LANE          GREENWOOD            IN         46142    SFR         20280701
10076123      10076123WN     QURASHI        1511 WEST VALLEYHEAR      BURBANK              CA         91506    SFR         20280501
10077238      10077238WN     BELLO          719 SHORE DRIVE           VERO BEACH           FL         32963    SFR         20280401
10085512      10085512WN     RAGNAUGHT      2141 NORTHWEST 85TH       PEMBROKE PINES       FL         33024    SFR         20280501
10110849      10110849WN     ALCARAZ        1111 SOUTH PINE STRE      TACOMA               WA         98405    SFR         20280701
10103596      10103596WN     LARIONOV       236 BRADLEY STREET        WOODBURN             OR         97071    SFR         20280601
10107340      10107340WN     SAMBOL         714 HILL ROAD             GEORGETOWN           PA         15043    SFR         20280701
10084796      10084796WN     MOED           17840 NORTH WRANGLER      RATHDRUM             ID         83858    SFR         20280501
10145027      10145027WN     WHITE          4940 FARM POND LANE       CHARLOTTE            NC         28212    SFR         20280501
10103414      10103414WN     ADAMS          3303 FALLING BROOK D      KINGWOOD             TX         77345    PUD         20280601
10117380      10117380WN     STERN          47121 LAND DRIVE          CHESTERFIELD         MI         48047    SFR         20280601
10105732      10105732WN     LIVESEY        12019 SAGECLIFF DRIV      HOUSTON              TX         77089    PUD         20280601
10104206      10104206WN     VARGAS         40570 STETSON AVENUE      HEMET                CA         92544    SFR         20280601
10141232      10141232WN     HIGGINS        2220 ALSTON AVENUE        FORT WORTH           TX         76112    SFR         20280601
10109643      10109643WN     PRADO          11944 ROSECRANS AVEN      NORWALK              CA         90650    2-4 UNITS   20280701
10111219      10111219WN     LOOMIS         30  PARMENTER DRIVE       LIBBY                MT         59923    SFR         20280701
10110526      10110526WN     SANCHEZ        1328 NORTH SULTANA A      ONTARIO              CA         91764    SFR         20280701
10117299      10117299WN     WILBORN        2524 NORTH 59TH STRE      MILWAUKEE            WI         53210    SFR         20280601
10111359      10111359WN     RITCHIE        W204 S10508 VICTORIA      MUSKEGO              WI         53150    SFR         20280701
10143600      10143600WN     HAGEY          1655 EAST PALM SPRIN      PALM SPRINGS         CA         92264    CONDO       20280601
10082436      10082436WN     DIAZ           27759 KILLARNEY           MISSION VIEJO        CA         92692    CONDO       20280501
10077394      10077394WN     EYMER          417-419 WESSEX WAY        BELMONT              CA         94002    2-4 UNITS   20280501
10147544      10147544WN     COBIAN         94 VAN HOUTEN PLACE       BELLEVILLE           NJ          7109    SFR         20280601
10112621      10112621WN     BUJANDA        9587 LAVARUN COURT        LAS VEGAS            NV         89125    PUD         20280701
10146843      10146843WN     RIVERA         LOT  7A HAWI ROAD         HAWI                 HI         96719    SFR         20280601
10140986      10140986WN     JONES          1620 CYPRESS CREEK R      BUCHANAN             TN         38222    SFR         20280601
10117208      10117208WN     IALUNA         90 FREEMAN STREET         STOUGHTON            MA          2072    SFR         20280601
<CAPTION>
                                            6/1/1998
  Servicer    AMRESCO       Last          * Scheduled  Current      Current          Occupancy     Original                   
Loan Number Loan Number     Name            Balance     Rate      P&I Payment   LTV   Status        Term         Servicer     
- ----------- -----------     ----          -----------   ----      ------------  ----  ------        ----         --------     
<S>         <C>            <C>             <C>          <C>         <C>         <C>    <C>           <C>         <C>          
10080596    10080596WN     POWERS           117950.3    10.23       1055.65     48     OWNER         360         WENDOVER     
10107068    10107068WN     VAUGHAN             75000     9.35        622.45     42     OWNER         360         WENDOVER     
10087740    10087740WN     BUTTERFIELD      74970.39    10.53        687.74     32     OWNER         360         WENDOVER     
10145910    10145910WN     MOYA                67500     9.75        579.93     90     OWNER         360         WENDOVER     
10146819    10146819WN     PANG               167200      9.7       1430.37     88     OWNER         360         WENDOVER     
10111847    10111847WN     FINCH               63000    10.25        564.54     88     OWNER         360         WENDOVER     
10141950    10141950WN     WEST-WIESE         118660     9.25        976.19     87     OWNER         360         WENDOVER     
10110203    10110203WN     THOMPSON           100337      9.5        843.69     87     OWNER         360         WENDOVER     
10110047    10110047WN     VAUGHN              68850    10.13        610.83     87     OWNER         360         WENDOVER     
10109445    10109445WN     JOHNSON             86130     9.25        708.57     87     OWNER         360         WENDOVER     
10109916    10109916WN     BUTCHER             62640    10.13        555.74     87     OWNER         360         WENDOVER     
10149490    10149490WN     NDAGANO            130347    10.73       1214.81     87     OWNER         360         WENDOVER     
10104677    10104677WN     CRUZ                82560     9.25         679.2     87     OWNER         360         WENDOVER     
10143238    10143238WN     KELLEY             155495     9.75       1335.94     87     OWNER         360         WENDOVER     
10147833    10147833WN     GREER               67539     9.25        555.63     87     OWNER         360         WENDOVER     
10146876    10146876WN     WALLACE             94937     9.25        781.02     87     OWNER         360         WENDOVER     
10103273    10103273WN     JACKSON            197676     9.25       1626.23     87     OWNER         360         WENDOVER     
10104925    10104925WN     FLIKKE             132651     9.25       1091.29     87     OWNER         360         WENDOVER     
10141760    10141760WN     CABRERA            125715     8.75           989     87     OWNER         360         WENDOVER     
10105674    10105674WN     ROCCANOVA           60257     9.75         517.7     87     OWNER         360         WENDOVER     
10144210    10144210WN     DINNING             65025        9        523.21     87     OWNER         360         WENDOVER     
10147031    10147031WN     TAYLOR             207647     9.25       1708.26     87     OWNER         360         WENDOVER     
10084077    10084077WN     SHEPHERD          91847.8      9.5        772.69     87     OWNER         360         WENDOVER     
10109817    10109817WN     PATTERSON           67626      9.5        568.64     87     OWNER         360         WENDOVER     
10109783    10109783WN     DELANNOY            50719     9.85        439.48     87     OWNER         360         WENDOVER     
10104255    10104255WN     MANN               108360    10.25        971.02     86     OWNER         360         WENDOVER     
10141554    10141554WN     BRUNO              231818     9.85       2008.72     86     OWNER         360         WENDOVER     
10148013    10148013WN     ZUNIGA             158823     8.75       1249.46     86     OWNER         360         WENDOVER     
10143147    10143147WN     PIZZO              129204     10.5       1181.88     86     OWNER         360         WENDOVER     
10147049    10147049WN     TUPMAN              52926    10.25        474.27     86     OWNER         360         WENDOVER     
10083889    10083889WN     CORRALES         227390.1      9.5       1912.96     86     OWNER         360         WENDOVER     
10148823    10148823WN     SMITH SR.          121564      9.5       1022.18     86     OWNER         360         WENDOVER     
10107910    10107910WN     HENDRICKS          188784    10.25        1691.7     86     OWNER         360         WENDOVER     
10104842    10104842WN     DE LA CRUZ         114736     9.25         943.9     86     OWNER         360         WENDOVER     
10104081    10104081WN     LUX                 65810    10.25        589.72     86     OWNER         360         WENDOVER     
10108249    10108249WN     DE LA GARZA         74800    10.25        670.28     85     OWNER         360         WENDOVER     
10139715    10139715WN     JONES JR.           70550     9.75        606.13     85     OWNER         360         WENDOVER     
10104701    10104701WN     WOLFSTELLER         99450     9.75        854.43     85     OWNER         360         WENDOVER     
10104651    10104651WN     KNIGHT             195160       10       1712.67     85     OWNER         360         WENDOVER     
10107597    10107597WN     DUNLEVY            110500    10.25        990.19     85     OWNER         360         WENDOVER     
10117232    10117232WN     ZAMICHIELLI         48450    11.13        466.17     85     OWNER         360         WENDOVER     
10112290    10112290WN     SCHEPPERS          449650      9.5        3780.9     85     OWNER         360         WENDOVER     
10106508    10106508WN     DRUCE               90900     9.75        780.97     85     OWNER         360         WENDOVER     
10073864    10073864WN     HASS            271014.25      8.9       2163.59     85     OWNER         360         WENDOVER     
10106334    10106334WN     WILLIAMS            62730       11        597.39     85     OWNER         360         WENDOVER     
10107399    10107399WN     BRIGGS              69360     9.25        570.61     85     OWNER         360         WENDOVER     
10076123    10076123WN     QURASHI         349836.02     9.73        3001.9     83     OWNER         360         WENDOVER     
10077238    10077238WN     BELLO           288082.44     8.98       2316.38     82     OWNER         360         WENDOVER     
10085512    10085512WN     RAGNAUGHT       115093.13     9.48        966.56     82     OWNER         360         WENDOVER     
10110849    10110849WN     ALCARAZ            104247     9.48        875.04     82     OWNER         360         WENDOVER     
10103596    10103596WN     LARIONOV            96000     9.25        789.77     82     OWNER         360         WENDOVER     
10107340    10107340WN     SAMBOL              67109    10.61         619.4     82     OWNER         360         WENDOVER     
10084796    10084796WN     MOED            408623.75     8.98        3283.8     82     OWNER         360         WENDOVER     
10145027    10145027WN     WHITE            75856.92    10.36        686.25     82     OWNER         360         WENDOVER     
10103414    10103414WN     ADAMS               82416     9.23        676.82     82     OWNER         360         WENDOVER     
10117380    10117380WN     STERN               71808     9.48        602.75     82     OWNER         360         WENDOVER     
10105732    10105732WN     LIVESEY             74664     9.48        626.73     82     OWNER         360         WENDOVER     
10104206    10104206WN     VARGAS              43248     8.15        321.87     82     OWNER         360         WENDOVER     
10141232    10141232WN     HIGGINS             56304      9.4        469.33     82     OWNER         360         WENDOVER     
10109643    10109643WN     PRADO              261120     9.48       2191.83     82     OWNER         360         WENDOVER     
10111219    10111219WN     LOOMIS             114240     9.23        938.17     82     OWNER         360         WENDOVER     
10110526    10110526WN     SANCHEZ            118320     8.23        887.24     82     OWNER         360         WENDOVER     
10117299    10117299WN     WILBORN             58990    10.38        534.32     81     OWNER         360         WENDOVER     
10111359    10111359WN     RITCHIE            150303    10.36       1359.17     81     OWNER         360         WENDOVER     
10143600    10143600WN     HAGEY               76760     9.73        658.36     81     OWNER         360         WENDOVER     
10082436    10082436WN     DIAZ            242273.81     9.23       1990.65     81     OWNER         360         WENDOVER     
10077394    10077394WN     EYMER           278598.95     8.73       2189.03     81     OWNER         360         WENDOVER     
10147544    10147544WN     COBIAN              99384    10.86        935.96     81     OWNER         360         WENDOVER     
10112621    10112621WN     BUJANDA            100152     9.98        877.43     81     OWNER         360         WENDOVER     
10146843    10146843WN     RIVERA             240000     8.23       1799.67     80     OWNER         360         WENDOVER     
10140986    10140986WN     JONES              100000    10.36        904.29     80     OWNER         360         WENDOVER     
10117208    10117208WN     IALUNA              90000     9.98        788.48     80     OWNER         360         WENDOVER     
</TABLE>                                                              

  AMRESCO       Last                                          Due    
Loan Number     Name               Originator                 Date   
- -----------     ----               ----------                 ----   
10080596WN     POWERS            S D FINANCIAL SERVICES      19980601
10107068WN     VAUGHAN           MORTGAGE GROUP THE          19980701
10087740WN     BUTTERFIELD       NATIONAL CITY MTG           19980601
10145910WN     MOYA              NORWEST MORTGAGE INC        19980701
10146819WN     PANG              PACIFIC STAR MTG            19980701
10111847WN     FINCH             AMERICAN MORTGAGE CO        19980801
10141950WN     WEST-WIESE        GICC MORTGAGE CORP          19980701
10110203WN     THOMPSON          ALPHA MORTGAGE  GROU        19980801
10110047WN     VAUGHN            EQUITY MORTGAGE COMP        19980801
10109445WN     JOHNSON           TIMBERLINE MORTGAGE         19980801
10109916WN     BUTCHER           MORTGAGE INVESTMENT         19980801
10149490WN     NDAGANO           ALLEGIANCE MORTGAGE         19980701
10104677WN     CRUZ              C & R MORTGAGE INC          19980701
10143238WN     KELLEY            FIRST PACIFIC MTG           19980701
10147833WN     GREER             FIDELITY MORTGAGE &         19980701
10146876WN     WALLACE           CLO SYSTEMS INC             19980701
10103273WN     JACKSON           QUALITY MORTGAGE SER        19980701
10104925WN     FLIKKE            HERITAGE BANK               19980701
10141760WN     CABRERA           UNITED ENTERPRISES C        19980701
10105674WN     ROCCANOVA         MATCHTON FINANCIAL          19980701
10144210WN     DINNING           FIRST GUARANTEE CORP        19980701
10147031WN     TAYLOR            POWER MORTGAGE CORP         19980701
10084077WN     SHEPHERD          FUTURE FINANCIAL MTG        19980601
10109817WN     PATTERSON         MERCANTILE MORTGAGE         19980801
10109783WN     DELANNOY          DEVINE LENDING LLC          19980801
10104255WN     MANN              PAN WORLD FINANCE CO        19980701
10141554WN     BRUNO             VISTA MORTGAGE              19980701
10148013WN     ZUNIGA            COMMUNITY FINANCIAL         19980701
10143147WN     PIZZO             EXCEL FUNDING               19980701
10147049WN     TUPMAN            MEGAMERICA MORTGAGE         19980701
10083889WN     CORRALES          OLD PIONEER MORTGAGE        19980601
10148823WN     SMITH SR.         FULL SERVICE MTG            19980701
10107910WN     HENDRICKS         GARBER FINANCIAL            19980801
10104842WN     DE LA CRUZ        HAMMERSMITH FINANCIAL       19980701
10104081WN     LUX               MCLENDON MORTGAGE CO        19980701
10108249WN     DE LA GARZA       FAMILY MORTGAGE SRVCS       19980801
10139715WN     JONES JR.         HOOSIER STATE MTG           19980701
10104701WN     WOLFSTELLER       HEATH FINANCIAL SERV        19980701
10104651WN     KNIGHT            FIDELITY MORTGAGE SRVCS     19980801
10107597WN     DUNLEVY           PRIORITY MORTGAGE GR        19980701
10117232WN     ZAMICHIELLI       FIRST JERSEY MONEY L        19980701
10112290WN     SCHEPPERS         MID PACIFIC MORTGAGE        19980801
10106508WN     DRUCE             AMERICAS BEST MTG           19980801
10073864WN     HASS              EQUITY RESOURCES            19980601
10106334WN     WILLIAMS          EAST AMERICAN MORTGA        19980701
10107399WN     BRIGGS            HEARTLAND FINANCIAL         19980801
10076123WN     QURASHI           BANKERS TRUST MTG           19980701
10077238WN     BELLO             ALL AMERICAN MTG            19980701
10085512WN     RAGNAUGHT         MTG CLEARING HOUSE          19980701
10110849WN     ALCARAZ           GUARANTY MORTGAGE CO        19980801
10103596WN     LARIONOV          BUDGET NATIONAL FIN.        19980701
10107340WN     SAMBOL            WIN KIN CORP                19980801
10084796WN     MOED              NORTHWEST MORTGAGE          19980701
10145027WN     WHITE             FIRST QUALITY REALTY        19980601
10103414WN     ADAMS             FIDELITY MORTGAGE SRVCS     19980701
10117380WN     STERN             FIRST CAPITAL CORP          19980701
10105732WN     LIVESEY           CLO SYSTEMS INC             19980701
10104206WN     VARGAS            SOUTHERN CALIFORNIA         19980701
10141232WN     HIGGINS           HARTFORD CAPITAL            19980701
10109643WN     PRADO             WORLD FINANCIAL SRVCS       19980801
10111219WN     LOOMIS            FIRST GUARANTEE CORP        19980801
10110526WN     SANCHEZ           AMERICAN LENDING            19980801
10117299WN     WILBORN           FREEDOM FINANCIAL           19980701
10111359WN     RITCHIE           HERITAGE MORTGAGE CO        19980801
10143600WN     HAGEY             BANKERS TRUST MTG           19980701
10082436WN     DIAZ              SHEPARD VINCENT WILK        19980601
10077394WN     EYMER             PORTFOLIO LENDING           19980601
10147544WN     COBIAN            NATIONAL CITY MTG           19980701
10112621WN     BUJANDA           NVR MORTGAGE FINANCE        19980801
10146843WN     RIVERA            PACIFIC STAR MTG            19980701
10140986WN     JONES             CHASE MORTGAGE BRKRS        19980701
10117208WN     IALUNA            MORTGAGE USA INC            19980701
                                 
                                  Page 5 of 17

<PAGE>

AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
Loan Schedule: 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>
10143808      10143808WN     RUTHERFORD     3718 GRIDLEY ROAD         SHAKER HEIGHTS       OH         44122    2-4 UNITS   20280601
10142685      10142685WN     VO             418 WILLOW ROAD           SALISBURY            NC         28147    SFR         20280601
10087401      10087401WN     LUNSFORD       3088 MANU HOPE PLACE      KIHEI                HI         96753    PUD         20280501
10079770      10079770WN     JOHNSTON       100 BIG PINE DRIVE        COVINGTON            LA         70433    SFR         20280501
10081420      10081420WN     STEPHENS       3292 BECK ROAD            GENOA                MI         48843    SFR         20280501
10146314      10146314WN     RIDD           6619 CANYON RANCH RO      SALT LAKE CITY       UT         84121    CONDO       20280601
10141125      10141125WN     COLBERT        1212 TERRELL DRIVE        HIGH POINT           NC         27262    SFR         20280601
10084697      10084697WN     MOORE          3142-3144 LARGA AVEN      LOS ANGELES          CA         90039    2-4 UNITS   20280501
10107613      10107613WN     SANCHEZ        5927 BIHIA FOREST DR      HOUSTON              TX         77008    PUD         20280601
10105013      10105013WN     FLESHER        2617 COUNTY ROAD 74       MINGO JUNCTION       OH         43938    SFR         20280701
10109718      10109718WN     BORGE          160 WEST PAPA AVENUE      KAHULUI              HI         96732    SFR         20280701
10111029      10111029WN     CADY           4350 WAIOLA LOOP          KIHEI                HI         96753    PUD         20280701
10083137      10083137WN     SAVOIE         406 BIRCH MOUNTAIN R      GLASTONBURY          CT          6033    SFR         20280501
10146272      10146272WN     CONKLIN        41636 TALL PINES STR      LADY LAKE            FL         32159    SFR         20280601
10109528      10109528WN     ALVEY          189 GLEN ROAD             PASADENA             MD         21122    SFR         20280601
10103331      10103331WN     BECK           1613 RICHARDSON AVEN      LEWISTON             ID         83501    SFR         20280601
10117430      10117430WN     SCHARIN-THOMS  1 YOUNGS HILL ROAD        EATON                NH          3832    SFR         20280601
10141141      10141141WN     FULTZ JR.      7743 BEACH ROAD           WADSWORTH            OH         44281    SFR         20280601
10139889      10139889WN     SIMPSON        233-235 WEST NINTH A      TARENTUM             PA         15084    2-4 UNITS   20280601
10113462      10113462WN     GARRETT        3066 ST. KITTS  PLAC      MEMPHIS              TN         38127    CONDO       20280701
10104248      10104248WN     GONZALEZ       44330 TULE CANYON RO      ANZA                 CA         92539    SFR         20280601
10079655      10079655WN     ABRAHAM        87 NORTH QUEEN STREE      BERGENFIELD          NJ          7621    2-4 UNITS   20280501
10146108      10146108WN     BOGGS          2438 CEDAR CREEK DRI      GROVE CITY           OH         43123    SFR         20280601
10106094      10106094WN     LYAU           68-1785 PAAKEA STRE       WAIKOLOA             HI         96738    PUD         20280701
10110229      10110229WN     CAMBEROS       2023-25 NORTH HUBBAR      MILWAUKEE            WI         53212    2-4 UNITS   20280701
10142446      10142446WN     GARRISON                             816 JACKSONVILLE         FL         32207    2-4 UNITS   20280601
10140978      10140978WN     HOCKER         1806 BRASSFIELD ROAD      RICHMOND             KY         40475    SFR         20280601
10103737      10103737WN     PEREZ          537 NORTH 3RD STREET      MONTEBELLO           CA         90640    2-4 UNITS   20280601
10111441      10111441WN     SCHILDT        3702 DURLEY LANE          BALTIMORE            MD         21207    SFR         20280701
10081305      10081305WN     PORE III       10600 DESOTO AVENUE       CHATSWORTH           CA         91311    SFR         20280501
10141679      10141679WN     MACARI         2002 OSWALD STREET        HONOLULU             HI         96816    SFR         20280601
10145555      10145555WN     GONZALES       7720 LEAVORITE DRIVE      LAS VEGAS            NV         89128    SFR         20280601
10110815      10110815WN     HALL           91 MAPLE HILL CIRCLE      RIPLEY               TN         38063    SFR         20130701
10083160      10083160WN     SAVOIE         396 BIRCH MOUNTAIN R      GLASTONBURY          CT          6033    SFR         20280501
10146850      10146850WN     BOUCHER        75 MASON ROAD             MILFORD              NH          3055    SFR         20280601
10109601      10109601WN     AMOS           166 EBONY AVENUE          IMPERIAL BEACH       CA         91932    SFR         20280701
10105823      10105823WN     GOINS          504 NORTH 6TH STREET      VIENNA               IL         62995    SFR         20280601
10107019      10107019WN     MARSHALL       40 VICTORIA AVENUE        RUMFORD              RI          2916    SFR         20280701
10141794      10141794WN     GARCIA         1237-1237A NORTH 24T      MILWAUKEE            WI         53233    2-4 UNITS   20280601
10088961      10088961WN     CROSS          7428 SOUTH PRAIRIE A      CHICAGO              IL         60619    2-4 UNITS   20280501
10145076      10145076WN     LONGFELLOW     22909 FIR LANE            VALLEY OF ENCHANTMEN CA         92325    SFR         20280601
10084564      10084564WN     NAIL           1413 SOUTH JEFFERSON      SPRINGFIELD          MO         65807    SFR         20280501
10110476      10110476WN     JACOBS         5538 NORTH UTICA STR      TULSA                OK         74103    SFR         20280701
10141356      10141356WN     CALABRO        15 GIBBENS STREET         WEYMOUTH             MA          2188    SFR         20280601
10106300      10106300WN     RITZ           9050 MAYFIELD ROAD        CHESTERLAND          OH         44026    SFR         20280601
10141067      10141067WN     MAZZOTTA       12 ANGELL ROAD            LINCOLN              RI          2865    SFR         20280601
10105286      10105286WN     GRIGAITIS      288 IRVIN                 PLYMOUTH             MI         48170    SFR         20280701
10089043      10089043WN     CARSON         15651 LAUREL DAWN DR      FT. MYERS            FL         33907    SFR         20280501
10077311      10077311WN     CONNOLLY       52 WEXFORD DRIVE          MENDHAM              NJ          7945    PUD         20280501
10086551      10086551WN     QUINN          428 SOUTH 1000 WEST       PAYSON               UT         84651    SFR         20280501
10140911      10140911WN     SANTOS         44-2926 HOOKAHUA ROA      HONOKAA              HI         96727    CONDO       20280601
10109866      10109866WN     MC SWAIN       3450 CHERRY DRIVE         BEAUMONT             TX         77703    SFR         20280701
10106771      10106771WN     COOPER         3449 EAST COLDWATER       MOUNT MORRIS         MI         48458    SFR         20280701
10108959      10108959WN     GONZALES       ROUTE 2 BOX 418-2         FORDLAND             MO         65652    SFR         20280701
10108447      10108447WN     LOMELI         153 EDDY STREET           ARBUCKLE             CA         95912    SFR         20280701
10087617      10087617WN     HAGER          1120 EAST SIERRA MAD      GLENDORA             CA         91741    SFR         20280501
10142487      10142487WN     GAMBLE         3255 OAKMONT DRIVE        SOUTH SAN FRANCISCO  CA         94080    SFR         20280601
10141927      10141927WN     GONZALEZ       11562 SOUTHWEST 51 C      COOPER CITY          FL         33330    SFR         20280601
10146751      10146751WN     ROSALES        103 WEST MOLKE STREE      DALY CITY            CA         94014    SFR         20280601
10144129      10144129WN     BOHLMAN        5666 SOUTH 27TH STRE      MILWAUKEE            WI         53221    CONDO       20280601
10103489      10103489WN     GUTIERREZ      583 WEST 38TH STREET      SAN PEDRO            CA         90731    SFR         20280601
10076529      10076529WN     NELSON         8020 PLEASANT OAKS D      EDMOND               OK         73034    CONDO       20280401
10088615      10088615WN     PERDUE SR      214 QUAIL COURT           BADEN                PA         15006    SFR         20280601
10085660      10085660WN     WOLF           3923 SANTA NELLA PLA      SAN DIEGO            CA         92130    SFR         20280501
10143121      10143121WN     CAMPBELL       207 MONTEREY ROAD #3      PACIFICA             CA         94044    CONDO       20280601
10077915      10077915WN     SUSI           14622 SOUTHEAST MAIN      PORTLAND             OR         97233    SFR         20280501
10077055      10077055WN     SANDU          8738 SOUTHEAST OWENS      PORTLAND             OR         97266    SFR         20280501
10106441      10106441WN     MOHAN          517 SOUTH F STREET        LAKE WORTH           FL         33460    2-4 UNITS   20280601
10103752      10103752WN     DE ROSIER      4191  WEST STRATUS S      SALT LAKE CITY       UT         84118    SFR         20280601
10113256      10113256WN     FITZPATRICK    600 BROWN STREET          AKRON                OH         44311    SFR         20280701
10086908      10086908WN     FIX            24241 BELLA COURT         NEWHALL              CA         91321    SFR         20280601
10109098      10109098WN     SIS            4431 COBALT DRIVE         HARWOOD              MD         20776    SFR         20280701
<CAPTION>
                                           6/1/1998
  Servicer    AMRESCO       Last          * Scheduled  Current      Current          Occupancy     Original                  
Loan Number Loan Number     Name            Balance     Rate      P&I Payment   LTV   Status        Term        Servicer     
- ----------- -----------     ----          -----------   ----      ------------  ----  ------        ----        --------     
<S>         <C>            <C>             <C>          <C>         <C>         <C>   <C>           <C>         <C>          
10143808    10143808WN     RUTHERFORD         132000    10.48       1205.48     80    OWNER         360         WENDOVER     
10142685    10142685WN     VO                  92000    10.53        843.62     80    OWNER         360         WENDOVER     
10087401    10087401WN     LUNSFORD        419786.79     9.35       3485.71     80    OWNER         360         WENDOVER     
10079770    10079770WN     JOHNSTON        120756.74    10.98       1148.58     80    OWNER         360         WENDOVER     
10081420    10081420WN     STEPHENS        167936.48    10.73       1565.72     80    OWNER         360         WENDOVER     
10146314    10146314WN     RIDD               333600    10.73       3109.08     80    OWNER         360         WENDOVER     
10141125    10141125WN     COLBERT             54400    10.36        491.93     80    OWNER         360         WENDOVER     
10084697    10084697WN     MOORE           159916.71     9.23       1313.96     80    OWNER         360         WENDOVER     
10107613    10107613WN     SANCHEZ             60800      8.9        484.84     80    OWNER         360         WENDOVER     
10105013    10105013WN     FLESHER             32000     9.48        268.61     80    OWNER         360         WENDOVER     
10109718    10109718WN     BORGE              140000    10.29       1258.71     80    OWNER         360         WENDOVER     
10111029    10111029WN     CADY               560000      8.5       4305.92     80    OWNER         360         WENDOVER     
10083137    10083137WN     SAVOIE          143945.55    10.73       1342.05     80    OWNER         360         WENDOVER     
10146272    10146272WN     CONKLIN            108918      9.5        915.84     79    OWNER         360         WENDOVER     
10109528    10109528WN     ALVEY              108810     10.5        995.33     78    OWNER         360         WENDOVER     
10103331    10103331WN     BECK               174428      8.5        1341.2     78    OWNER         360         WENDOVER     
10117430    10117430WN     SCHARIN-THOMS      212121      9.9       1845.86     77    OWNER         360         WENDOVER     
10141141    10141141WN     FULTZ JR.          170000     8.73       1334.96     77    OWNER         360         WENDOVER     
10139889    10139889WN     SIMPSON             43734    10.01        384.12     77    NON OWNER     360         WENDOVER     
10113462    10113462WN     GARRETT             24480     9.13        199.27     77    NON OWNER     360         WENDOVER     
10104248    10104248WN     GONZALEZ           208313        9       1676.13     76    OWNER         360         WENDOVER     
10079655    10079655WN     ABRAHAM         161190.86    10.87        1519.8     75    OWNER         360         WENDOVER     
10146108    10146108WN     BOGGS               71250     9.25        586.16     75    OWNER         360         WENDOVER     
10106094    10106094WN     LYAU               258750     8.75       2035.59     75    NON OWNER     360         WENDOVER     
10110229    10110229WN     CAMBEROS            97500    10.38        883.14     75    NON OWNER     360         WENDOVER     
10142446    10142446WN     GARRISON            71000     8.35         538.4     72    OWNER         360         WENDOVER     
10140978    10140978WN     HOCKER             184000      9.6       1560.61     72    OWNER         360         WENDOVER     
10103737    10103737WN     PEREZ              144000     8.35       1091.96     72    OWNER         360         WENDOVER     
10111441    10111441WN     SCHILDT            100500     8.96        805.75     72    OWNER         360         WENDOVER     
10081305    10081305WN     PORE III        222608.56     10.1       1970.87     71    OWNER         360         WENDOVER     
10141679    10141679WN     MACARI             350000     9.85       3032.78     70    OWNER         360         WENDOVER     
10145555    10145555WN     GONZALES            94500     8.65        736.69     70    OWNER         360         WENDOVER     
10110815    10110815WN     HALL                47600      9.1        485.63     70    OWNER         180         WENDOVER     
10083160    10083160WN     SAVOIE          117955.39    10.73       1099.73     70    NON OWNER     360         WENDOVER     
10146850    10146850WN     BOUCHER            171000     9.35       1419.18     70    OWNER         360         WENDOVER     
10109601    10109601WN     AMOS                88000      9.4        733.54     68    OWNER         360         WENDOVER     
10105823    10105823WN     GOINS               49580     9.77         426.7     67    OWNER         360         WENDOVER     
10107019    10107019WN     MARSHALL            55000     7.77        394.79     66    OWNER         360         WENDOVER     
10141794    10141794WN     GARCIA              20800     10.9        196.51     65    NON OWNER     360         WENDOVER     
10088961    10088961WN     CROSS            84461.82      9.9        735.31     65    NON OWNER     360         WENDOVER     
10145076    10145076WN     LONGFELLOW          35750     8.77        281.76     65    NON OWNER     360         WENDOVER     
10084564    10084564WN     NAIL             84466.56    10.52        774.22     65    NON OWNER     360         WENDOVER     
10110476    10110476WN     JACOBS              21775    10.52        199.51     65    NON OWNER     360         WENDOVER     
10141356    10141356WN     CALABRO            108000    8.265        812.51     63    OWNER         360         WENDOVER     
10106300    10106300WN     RITZ               120500     8.64        938.52     59    OWNER         360         WENDOVER     
10141067    10141067WN     MAZZOTTA            98000    10.66        908.19     50    OWNER         360         WENDOVER     
10105286    10105286WN     GRIGAITIS           80000    10.14        710.35     44    OWNER         360         WENDOVER     
10089043    10089043WN     CARSON           65620.27     9.89         570.8     44    OWNER         360         WENDOVER     
10077311    10077311WN     CONNOLLY         99958.24    10.27        897.59     38    OWNER         360         WENDOVER     
10086551    10086551WN     QUINN            42403.74     9.64        361.07     37    OWNER         360         WENDOVER     
10140911    10140911WN     SANTOS              30000     8.28        226.01     22    NON OWNER     360         WENDOVER     
10109866    10109866WN     MC SWAIN            27000     9.35        224.08     90    OWNER         360         WENDOVER     
10106771    10106771WN     COOPER              92250     9.85        799.35     90    OWNER         360         WENDOVER     
10108959    10108959WN     GONZALES            36900    10.35        333.41     90    OWNER         360         WENDOVER     
10108447    10108447WN     LOMELI              77265     10.1        683.77     89    OWNER         360         WENDOVER     
10087617    10087617WN     HAGER           224889.33      9.5       1891.92     88    OWNER         360         WENDOVER     
10142487    10142487WN     GAMBLE             297670      9.1       2416.57     88    OWNER         360         WENDOVER     
10141927    10141927WN     GONZALEZ           135237     9.35       1122.38     87    OWNER         360         WENDOVER     
10146751    10146751WN     ROSALES            268345     10.1       2374.77     87    OWNER         360         WENDOVER     
10144129    10144129WN     BOHLMAN             76560    10.88        722.17     87    OWNER         360         WENDOVER     
10103489    10103489WN     GUTIERREZ          182070      8.1       1348.68     87    OWNER         360         WENDOVER     
10076529    10076529WN     NELSON          127855.21     8.85       1016.13     86    OWNER         360         WENDOVER     
10088615    10088615WN     PERDUE SR          215500        8       1581.26     86    OWNER         360         WENDOVER     
10085660    10085660WN     WOLF             300791.8     7.85       2177.24     86    OWNER         360         WENDOVER     
10143121    10143121WN     CAMPBELL           167407     9.35       1389.36     86    OWNER         360         WENDOVER     
10077915    10077915WN     SUSI            109835.07      9.6        932.03     86    OWNER         360         WENDOVER     
10077055    10077055WN     SANDU            164767.9     10.6       1520.12     86    OWNER         360         WENDOVER     
10106441    10106441WN     MOHAN               81557     10.6        752.14     86    OWNER         360         WENDOVER     
10103752    10103752WN     DE ROSIER           93567     9.35        776.54     86    OWNER         360         WENDOVER     
10113256    10113256WN     FITZPATRICK         44550    10.35        402.53     86    OWNER         360         WENDOVER     
10086908    10086908WN     FIX                355250     8.85       2820.16     86    OWNER         360         WENDOVER     
10109098    10109098WN     SIS                200500    10.63       1853.57     85    OWNER         360         WENDOVER     
</TABLE>                           

  Servicer    AMRESCO       Last                                          Due   
Loan Number Loan Number     Name               Originator                 Date  
- ----------- -----------     ----               ----------                 ----  
10143808    10143808WN     RUTHERFORD       NEW HORIZONS MORTGAGE       19980701
10142685    10142685WN     VO               CAPITAL MORTGAGE FUN        19980701
10087401    10087401WN     LUNSFORD         U S FINANCIAL MTG           19980601
10079770    10079770WN     JOHNSTON         ROUNDTABLE MORTGAGE         19980601
10081420    10081420WN     STEPHENS         CONCORD FINANCIAL IN        19980601
10146314    10146314WN     RIDD             LITESPEED FINANCIAL         19980701
10141125    10141125WN     COLBERT          SFI FINANCIAL SERVICE       19980701
10084697    10084697WN     MOORE            WINDSOR REAL ESTATE         19980601
10107613    10107613WN     SANCHEZ          NETWORK MORTGAGE            19980701
10105013    10105013WN     FLESHER          R S J CONCEPTS INC          19980801
10109718    10109718WN     BORGE            U S FINANCIAL MTG           19980801
10111029    10111029WN     CADY             WESTERN STATES MTG          19980801
10083137    10083137WN     SAVOIE           MORTGAGE SPECIALISTS        19980601
10146272    10146272WN     CONKLIN          SOVEREIGN MORTGAGE          19980701
10109528    10109528WN     ALVEY            CREATIVE MORTGAGE SRVC      19980701
10103331    10103331WN     BECK             NORTHWEST MORTGAGE          19980701
10117430    10117430WN     SCHARIN-THOMS    FINANCIAL RESOURCES         19980701
10141141    10141141WN     FULTZ JR.        NEW HORIZONS MORTGAGE       19980701
10139889    10139889WN     SIMPSON          USA PREFERRED MORTGAGE      19980701
10113462    10113462WN     GARRETT          FIDELITY MORTGAGE & LOAN    19980801
10104248    10104248WN     GONZALEZ         CALIFORNIA MORTGAGE         19980701
10079655    10079655WN     ABRAHAM          AMERICAN ROYAL MORTG        19980601
10146108    10146108WN     BOGGS            REGIONAL MORTGAGE IN        19980701
10106094    10106094WN     LYAU             WESTERN STATES MTG          19980801
10110229    10110229WN     CAMBEROS         BAYSHORE MORTGAGE LL        19980801
10142446    10142446WN     GARRISON         APPROVED MORTGAGE           19980701
10140978    10140978WN     HOCKER           AMERICAN LENDING GRP        19980701
10103737    10103737WN     PEREZ            HOME LOAN FUNDING           19980701
10111441    10111441WN     SCHILDT          HOME LOAN FUNDING           19980801
10081305    10081305WN     PORE III         BANKERS TRUST MTG           19980601
10141679    10141679WN     MACARI           MID PACIFIC MORTGAGE        19980701
10145555    10145555WN     GONZALES         METRO MORTGAGE CORP         19980701
10110815    10110815WN     HALL             MID SOUTH EQUITY MTG        19980801
10083160    10083160WN     SAVOIE           MORTGAGE SPECIALISTS        19980601
10146850    10146850WN     BOUCHER          OVAL MORTGAGE CORP          19980701
10109601    10109601WN     AMOS             FIRST RATE INC              19980801
10105823    10105823WN     GOINS            FIRST CHOICE HOME EQ        19980701
10107019    10107019WN     MARSHALL         FOREMOST MORTGAGE ASSOC     19980801
10141794    10141794WN     GARCIA           AFFORDABLE HOME MTG         19980701
10088961    10088961WN     CROSS            INVENTIVE MORTGAGE          19980701
10145076    10145076WN     LONGFELLOW       VALLEY HEIGHTS FNDG         19980701
10084564    10084564WN     NAIL             EQUITABLE MTG CO            19980601
10110476    10110476WN     JACOBS           FIRST CITIZENS MORTG        19980801
10141356    10141356WN     CALABRO          EQUITY MORTGAGE SERV        19980701
10106300    10106300WN     RITZ             HOME LOAN FUNDING           19980701
10141067    10141067WN     MAZZOTTA         PRIME MORTGAGE CO           19980701
10105286    10105286WN     GRIGAITIS        WOODWARD MORTGAGE CO        19980801
10089043    10089043WN     CARSON           SMART MORTGAGES UNLMTD      19980601
10077311    10077311WN     CONNOLLY         CAPITAL FINANCIAL CO        19980601
10086551    10086551WN     QUINN            LOANS FOR HOMES MTG         19980601
10140911    10140911WN     SANTOS           PACIFIC STAR MTG            19980701
10109866    10109866WN     MC SWAIN         BLUE RIDGE FINANCIAL        19980801
10106771    10106771WN     COOPER           PILLAR MORTGAGE /  A        19980801
10108959    10108959WN     GONZALES         EQUITABLE MTG CO            19980801
10108447    10108447WN     LOMELI           INVESTORS MORTGAGE          19980801
10087617    10087617WN     HAGER            FREEDOM FINANCIAL           19980601
10142487    10142487WN     GAMBLE           MONTARA MORTGAGE INC        19980701
10141927    10141927WN     GONZALEZ         DOW GUARANTEE CORP          19980701
10146751    10146751WN     ROSALES          NATION HOME FINANCIAL       19980701
10144129    10144129WN     BOHLMAN          BAYSHORE MORTGAGE LL        19980701
10103489    10103489WN     GUTIERREZ        EXCEL FUNDING               19980701
10076529    10076529WN     NELSON           EVANS MORTGAGE CORP         19980601
10088615    10088615WN     PERDUE SR        AMERICAN FIDELITY           19980701
10085660    10085660WN     WOLF             MET & ASSOCIATES INC        19980701
10143121    10143121WN     CAMPBELL         MONTARA MORTGAGE INC        19980701
10077915    10077915WN     SUSI             DEMARK MTG FINANCIAL        19980601
10077055    10077055WN     SANDU            DEMARK MTG FINANCIAL        19980601
10106441    10106441WN     MOHAN            MATCHTON FINANCIAL          19980701
10103752    10103752WN     DE ROSIER        ENSIGN FINANCIAL SER        19980701
10113256    10113256WN     FITZPATRICK      AMERIMORTGAGE INC.          19980801
10086908    10086908WN     FIX              CHASE FINANCIAL CORP        19980701
10109098    10109098WN     SIS              AMRESCO                     19980801

                                  Page 6 of 17

<PAGE>

AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
Loan Schedule: 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>
10106342      10106342WN     MAXWELL        3115 BROADVUE CIRCLE      ZANESVILLE           OH         43701    SFR         20280701
10142628      10142628WN     OCONNOR        78-6731 WALUA ROAD        KAILUA-KONA          HI         96740    SFR         20280601
10104040      10104040WN     IVERY          1038 DRACKETT STREET      HAMMOND              IN         46320    SFR         20280601
10103646      10103646WN     BAKER          551 NORTH H STREET        SAN BERNARDINO       CA         92411    SFR         20280601
10104180      10104180WN     BENTANCOURT    225 WEST CENTRAL AVN      MONROVIA             CA         91016    CONDO       20280701
10148179      10148179WN     MARION         1405 BLAIR STREET         THOMASVILLE          NC         27360    SFR         20280601
10143303      10143303WN     NGUYEN         986 SEA STREET            QUINCY               MA          2169    SFR         20280601
10143899      10143899WN     DAVIS          806 EAST BAKER STREE      TAMPA                FL         33603    SFR         20280601
10143501      10143501WN     TEJADA         70-72 OSBORNE STREET      PROVIDENCE           RI          2908    2-4 UNITS   20280601
10143089      10143089WN     RICHARDSON     206 SOUTH 18TH STREE      COLORADO SPRINGS     CO         80904    SFR         20280601
10116994      10116994WN     ZEVALLOS       17118 BEAVER SPRINGS      HOUSTON              TX         77090    PUD         20280601
10079192      10079192WN     BUNNELL        10319 LITTLE DEER DR      GRASS VALLEY         CA         95949    SFR         20280501
10106375      10106375WN     COHEN          10933 POLARIS DRIVE       SAN DIEGO            CA         92126    SFR         20280601
10082253      10082253WN     CHAPPRON       4806 SOUTH LEE ROAD       DELRAY BEACH         FL         33445    SFR         20280501
10147106      10147106WN     LOWSON         4401 LOWER HONOAPIIL      LAHAINA              HI         96761    CONDO       20280601
10079408      10079408WN     DURAN          41 NORTH ALDER DRIVE      ORLANDO              FL         32807    SFR         20280501
10076743      10076743WN     SOPHIN         4810 NORTHWEST 27TH       TAMARAC              FL         33309    SFR         20280501
10117042      10117042WN     HUNTER         6330 SOUTHWEST 10TH       NORTH LAUDERDALE     FL         33068    SFR         20280601
10104602      10104602WN     HARDIN         9303 NORTH KELLOGG S      PORTLAND             OR         97203    SFR         20280601
10085892      10085892WN     MILLER         1712 NORTHWEST 149TH      VANCOUVER            WA         98685    SFR         20280501
10108652      10108652WN     FLINN          24687 SOUTH CENTRAL       CANBY                OR         97013    SFR         20280701
10109429      10109429WN     WETZEL         9025 NORTH GENEVA         PORTLAND             OR         97203    SFR         20280701
10109205      10109205WN     SMITH          268 FIRELIGHT COURT       SANTA ROSA           CA         95403    SFR         20280701
10079986      10079986WN     PIETRANGELI    943 BELLVIEW STREET       CREIGHTON            PA         15030    SFR         20280501
10086437      10086437WN     BISH           RD #5 BOX 147 M           KITTANNING           PA         16201    SFR         20280501
10104065      10104065WN     BABURICH       708 ESFARMS DRIVE         CRANBERRY            PA         16066    SFR         20280601
10140044      10140044WN     THOMPSON       138 JUNIUS STREET         PITTSBURGH           PA         15220    SFR         20280601
10110716      10110716WN     CLARK          1303 DENNISTON AVENU      PITTSBURGH           PA         15217    SFR         20280701
10085355      10085355WN     ROSENBLATT     3 LARK LANE               CHESTNUT RIDGE       NY         10977    SFR         20280501
10089019      10089019WN     ANGELO         3100 H STREET             WASHOUGAL            WA         98671    2-4 UNITS   20280601
10148930      10148930WN     PARRISH        4065 NORTH MISSISSIP      PORTLAND             OR         97227    2-4 UNITS   20280601
10148872      10148872WN     PARRISH        6429 NORTH MISSISSIP      PORTLAND             OR         97217    2-4 UNITS   20280601
10143576      10143576WN     JOHNSON        718  NORTH FOREST AV      SANDPOINT            ID         83864    SFR         20280601
10146454      10146454WN     CHASE          402 LAKEVIEW AVENUE       ZEPHYR COVE          NV         89448    PUD         20280601
10087161      10087161WN     NGUYEN         4531 SOUTH RAINER AV      SEATTLE              WA         98118    SFR         20280501
10140820      10140820WN     SMITH          6523 SOUTH ARTESIAN       CHICAGO              IL         60629    2-4 UNITS   20280601
10145266      10145266WN     HARDIN-STILL   3017 ROBIN ROAD           PLANO                TX         75075    SFR         20280501
10148450      10148450WN     WILLIAMS       5208 COVENTRY PLACE       COLLEYVILLE          TX         76034    SFR         20280601
10148948      10148948WN     PARRISH        501 NORTHEAST LOMBAR      PORTLAND             OR         97211    SFR         20280601
10140812      10140812WN     SMITH          BOX 57 DREW ROAD          HOLLY SPRINGS        MS         38635    SFR         20280601
10146975      10146975WN     GOMEZ          1918 EAST OAKLAND         HEMET                CA         92544    SFR         20280601
10110948      10110948WN     COWELL         2312 SEABOARD ROAD        VIRGINIA BEACH       VA         23456    SFR         20280701
10079572      10079572WN     ZASLOV         3194 WEST 112TH STRE      CLEVELAND            OH         44111    SFR         20280501
10106177      10106177WN     LANGSCHWAGER   4645 LONGRIDGE AVENU      SHERMAN OAKS         CA         91423    SFR         20280701
10112886      10112886WN     CEGLIO         18501 AVOCET DRIVE        LUTZ                 FL         33549    PUD         20280701
10085918      10085918WN     HATKER JR      1274 ELIZABETH AVENU      STATESVILLE          NC         28677    SFR         20280501
10109015      10109015WN     SKOWRONSKI     52 PONTIAC PATH           POCONO LAKES         PA         18610    SFR         20280701
10110575      10110575WN     THOMPSON       2206 SOUTHEAST 89TH       PORTLAND             OR         97216    SFR         20280701
10082865      10082865WN     MORNSON        609 BLAKE ROAD SOUTH      EDINA                MN         55343    SFR         20280501
10141620      10141620WN     ZAVALA         11006 LAKE TERRACE D      JONESTOWN            TX         78645    PUD         20280601
10143139      10143139WN     RAY            85 IRONWOOD STREET        OAKLAND              CA         94605    PUD         20280601
10142651      10142651WN     FERGUSON       ROUTE 1  BOX 170-7        CLEVER               MO         66631    SFR         20280601
10144012      10144012WN     SUSSMAN        1828 UNION STREET         ALAMEDA              CA         94501    SFR         20280601
10108132      10108132WN     ARNOLD         3468 WEST 5600 NORTH      CEDAR CITY           UT         84720    SFR         20280701
10107969      10107969WN     RODRIGUEZ      1734 HEMLOCK PLACE        CORPUS CHRISTI       TX         78413    SFR         20280701
10106128      10106128WN     SAHAGIAN       6805 OLIVE TREE WAY       CITRUS HEIGHTS       CA         95610    SFR         20280701
10112753      10112753WN     BRADLEY        630 27TH STREET.          NEWPORT NEWS         VA         23607    SFR         20280701
10143634      10143634WN     COLUMBIA       1625 COURTNEY AVENUE      LEXINGTON            KY         40505    SFR         20280601
10148708      10148708WN     SALAC          5000 ORRVILLE AVENUE      WOODLAND HILLS       CA         91367    SFR         20280601
10079150      10079150WN     COOK           75 WINDSONG PLACE         MEREDITH             NH          3253    SFR         20280501
10086338      10086338WN     COX            6 RUNDEL PARK             DORCHESTER           MA          2124    SFR         20280601
10145894      10145894WN     WALSH          302 WAKEBY ROAD           MARSTON MILLS        MA          2648    SFR         20280601
10141190      10141190WN     MCALLISTER     453 EAST GARFIELD AV      SALT LAKE CITY       UT         84115    SFR         20280601
10146066      10146066WN     PETRUSIS       412 CARVEL BEACH ROA      BALTIMORE            MD         21226    SFR         20280601
10142289      10142289WN     LAUDAN         73-1219 MAKAULA ROAD      KAILUA KONA          HI         96740    CONDO       20280601
10103927      10103927WN     SWENSEN        257 WEIRS BOULEVARD       LACONIA              NH          3246    CONDO       20280601
10140309      10140309WN     LANE           905 SEVERT CIRCLE         LENOIR               NC         28645    SFR         20280601
10104636      10104636WN     FERRARI        66 SHIDLER ROAD           AMITY                PA         15301    SFR         20280601
10103679      10103679WN     YI             3830 SADDLE ROCK ROA      COLORADO SPRINGS     CO         80918    SFR         20280601
10146397      10146397WN     SHIVER         128 WEST COLDEN AVEN      LOS ANGELES          CA         90003    SFR         20280601
10117125      10117125WN     HAHN           3215 EAST MORRIS AVE      CUDAHY               WI         53110    SFR         20280701
10078897      10078897WN     MCNEILL        732 SOUTH BENSON ROA      FAIRFIELD            CT          6430    SFR         20280501
<CAPTION>
                                            6/1/1998
  Servicer    AMRESCO       Last          * Scheduled  Current      Current          Occupancy     Original                  
Loan Number Loan Number     Name            Balance     Rate      P&I Payment   LTV   Status        Term        Servicer     
- ----------- -----------     ----          -----------   ----      ------------  ----  ------        ----        --------     
<S>         <C>            <C>              <C>         <C>         <C>          <C>  <C>           <C>         <C>          
10106342    10106342WN     MAXWELL             127750    8.35        968.74      85   OWNER         360         WENDOVER     
10142628    10142628WN     OCONNOR              55250     8.4        420.92      85   OWNER         360         WENDOVER     
10104040    10104040WN     IVERY                47600     9.1        386.43      85   OWNER         360         WENDOVER     
10103646    10103646WN     BAKER                85000     9.1        690.05      85   OWNER         360         WENDOVER     
10104180    10104180WN     BENTANCOURT          78200    8.85        620.79      85   OWNER         360         WENDOVER     
10148179    10148179WN     MARION               72250    8.13        536.71      85   OWNER         360         WENDOVER     
10143303    10143303WN     NGUYEN               91800   10.25        822.62      85   OWNER         360         WENDOVER     
10143899    10143899WN     DAVIS                43350    10.2        386.85      85   OWNER         360         WENDOVER     
10143501    10143501WN     TEJADA               72250    9.73        619.68      85   OWNER         360         WENDOVER     
10143089    10143089WN     RICHARDSON           92588     9.1        751.66      84   OWNER         360         WENDOVER     
10116994    10116994WN     ZEVALLOS             50184      10         440.4      84   OWNER         360         WENDOVER     
10079192    10079192WN     BUNNELL           73486.99     8.9        586.34      83   OWNER         360         WENDOVER     
10106375    10106375WN     COHEN               136950      10       1201.83      83   OWNER         360         WENDOVER     
10082253    10082253WN     CHAPPRON         127828.14       9        1029.1      83   OWNER         360         WENDOVER     
10147106    10147106WN     LOWSON              178000    8.53       1372.45      82   NON OWNER     360         WENDOVER     
10079408    10079408WN     DURAN                74113    8.28         558.7      82   NON OWNER     360         WENDOVER     
10076743    10076743WN     SOPHIN            60832.78    9.15        496.32      82   OWNER         360         WENDOVER     
10117042    10117042WN     HUNTER               88007     8.9         701.8      82   OWNER         360         WENDOVER     
10104602    10104602WN     HARDIN              104140     9.9        906.22      82   OWNER         360         WENDOVER     
10085892    10085892WN     MILLER           327866.82    10.4       2975.85      82   OWNER         360         WENDOVER     
10108652    10108652WN     FLINN               258300    8.15       1922.39      82   OWNER         360         WENDOVER     
10109429    10109429WN     WETZEL               83640     9.9        727.83      82   OWNER         360         WENDOVER     
10109205    10109205WN     SMITH               155800    8.65       1214.57      82   OWNER         360         WENDOVER     
10079986    10079986WN     PIETRANGELI       44168.73    8.78        348.62      82   OWNER         360         WENDOVER     
10086437    10086437WN     BISH              67076.54    9.58        568.21      82   OWNER         360         WENDOVER     
10104065    10104065WN     BABURICH            245524   10.61       2266.12      82   OWNER         360         WENDOVER     
10140044    10140044WN     THOMPSON             31918    8.53         246.1      82   OWNER         360         WENDOVER     
10110716    10110716WN     CLARK               249616    8.83       1978.01      82   OWNER         360         WENDOVER     
10085355    10085355WN     ROSENBLATT       181920.62    9.78       1567.72      82   OWNER         360         WENDOVER     
10089019    10089019WN     ANGELO              222041    8.78       1751.56      82   NON OWNER     360         WENDOVER     
10148930    10148930WN     PARRISH             126500    9.78       1089.62      82   NON OWNER     360         WENDOVER     
10148872    10148872WN     PARRISH             126500    9.78       1089.62      82   NON OWNER     360         WENDOVER     
10143576    10143576WN     JOHNSON              62832    8.65        489.82      82   OWNER         360         WENDOVER     
10146454    10146454WN     CHASE               648720    8.65       5057.22      82   OWNER         360         WENDOVER     
10087161    10087161WN     NGUYEN           109276.39     8.4        833.02      82   OWNER         360         WENDOVER     
10140820    10140820WN     SMITH               108528    8.03        798.61      82   OWNER         360         WENDOVER     
10145266    10145266WN     HARDIN-STILL     115814.77    9.48        972.62      82   OWNER         360         WENDOVER     
10148450    10148450WN     WILLIAMS            133824     9.4       1115.51      82   OWNER         360         WENDOVER     
10148948    10148948WN     PARRISH              81600    9.78        702.87      82   NON OWNER     360         WENDOVER     
10140812    10140812WN     SMITH                53040    8.73        416.51      82   OWNER         360         WENDOVER     
10146975    10146975WN     GOMEZ                48960     8.4           373      82   OWNER         360         WENDOVER     
10110948    10110948WN     COWELL              175440    8.28       1321.72      82   OWNER         360         WENDOVER     
10079572    10079572WN     ZASLOV            57739.42    9.15        471.08      81   OWNER         360         WENDOVER     
10106177    10106177WN     LANGSCHWAGER        292320    8.98       2347.87      81   OWNER         360         WENDOVER     
10112886    10112886WN     CEGLIO              119770     8.9        955.09      81   OWNER         360         WENDOVER     
10085918    10085918WN     HATKER JR         61936.27    9.78        533.74      81   OWNER         360         WENDOVER     
10109015    10109015WN     SKOWRONSKI           70470    8.99        566.51      81   OWNER         360         WENDOVER     
10110575    10110575WN     THOMPSON             85860    9.78        739.56      81   NON OWNER     360         WENDOVER     
10082865    10082865WN     MORNSON          319043.03    9.78       2749.38      81   OWNER         360         WENDOVER     
10141620    10141620WN     ZAVALA               46460    8.65        362.19      81   OWNER         360         WENDOVER     
10143139    10143139WN     RAY                 176144     8.9       1404.64      81   OWNER         360         WENDOVER     
10142651    10142651WN     FERGUSON             85648     9.4        713.93      81   OWNER         360         WENDOVER     
10144012    10144012WN     SUSSMAN             214120    8.99       1721.32      81   OWNER         360         WENDOVER     
10108132    10108132WN     ARNOLD              107464    8.15         799.8      81   OWNER         360         WENDOVER     
10107969    10107969WN     RODRIGUEZ            38784    9.73        332.64      81   OWNER         360         WENDOVER     
10106128    10106128WN     SAHAGIAN            108272    9.15        882.89      81   OWNER         360         WENDOVER     
10112753    10112753WN     BRADLEY              50096    9.78        431.51      81   OWNER         360         WENDOVER     
10143634    10143634WN     COLUMBIA             66615    9.14        542.72      81   OWNER         360         WENDOVER     
10148708    10148708WN     SALAC               353500     9.4       2946.66      80   OWNER         360         WENDOVER     
10079150    10079150WN     COOK             151108.03    8.48       1160.45      80   OWNER         360         WENDOVER     
10086338    10086338WN     COX                 183200    9.73       1571.28      80   OWNER         360         WENDOVER     
10145894    10145894WN     WALSH               140000     9.9       1218.27      80   OWNER         360         WENDOVER     
10141190    10141190WN     MCALLISTER           83200    9.78        716.65      80   NON OWNER     360         WENDOVER     
10146066    10146066WN     PETRUSIS            273600    9.53       2306.57      80   OWNER         360         WENDOVER     
10142289    10142289WN     LAUDAN              100000     9.1        811.83      80   OWNER         360         WENDOVER     
10103927    10103927WN     SWENSEN              64000     9.9        556.92      80   OWNER         360         WENDOVER     
10140309    10140309WN     LANE                 73600    9.78        633.96      80   OWNER         360         WENDOVER     
10104636    10104636WN     FERRARI             135200   10.28       1214.55      80   OWNER         360         WENDOVER     
10103679    10103679WN     YI                  216000    9.23       1773.85      80   OWNER         360         WENDOVER     
10146397    10146397WN     SHIVER               73600    9.48        617.79      80   OWNER         360         WENDOVER     
10117125    10117125WN     HAHN                 60000   10.36        542.57      80   OWNER         360         WENDOVER     
10078897    10078897WN     MCNEILL          148732.76     9.9       1294.84      80   OWNER         360         WENDOVER     
</TABLE>                 

  Servicer    AMRESCO       Last                                          Due   
Loan Number Loan Number     Name               Originator                 Date  
- ----------- -----------     ----               ----------                 ----  
10106342    10106342WN     MAXWELL          MCLENDON MORTGAGE CO        19980801
10142628    10142628WN     OCONNOR          PACIFIC STAR MTG            19980701
10104040    10104040WN     IVERY            DELTA MORTGAGE CO           19980701
10103646    10103646WN     BAKER            HILLCREST MORTGAGE          19980701
10104180    10104180WN     BENTANCOURT      RESIDENTIAL COMMERCI        19980801
10148179    10148179WN     MARION           RESIDENTIAL MORTGAGE        19980701
10143303    10143303WN     NGUYEN           MORTGAGE USA INC            19980701
10143899    10143899WN     DAVIS            HOME LOAN FUNDING           19980701
10143501    10143501WN     TEJADA           METROPOLITAN MORTGAG        19980701
10143089    10143089WN     RICHARDSON       ACHIEVABLE MORTGAGE         19980701
10116994    10116994WN     ZEVALLOS         TEXAS UNIVERSAL FNDG        19980701
10079192    10079192WN     BUNNELL          ABLE FINANCIAL SRVCS        19980601
10106375    10106375WN     COHEN            PRIORITY FIRST FNDG         19980701
10082253    10082253WN     CHAPPRON         SELECT MORTGAGE INC         19980701
10147106    10147106WN     LOWSON           U S FINANCIAL MTG           19980701
10079408    10079408WN     DURAN            FULL SERVICE MTG            19980701
10076743    10076743WN     SOPHIN           KIMMEL & ASSOCIATES         19980701
10117042    10117042WN     HUNTER           ALPHA MORTGAGE  GROU        19980701
10104602    10104602WN     HARDIN           SUNSET MORTGAGE CO          19980701
10085892    10085892WN     MILLER           MAJESTIC MORTGAGE           19980601
10108652    10108652WN     FLINN            MAJESTIC MORTGAGE           19980801
10109429    10109429WN     WETZEL           NORTHWEST PACIFIC           19980801
10109205    10109205WN     SMITH            FOUNTAIN GROVE MTG          19980801
10079986    10079986WN     PIETRANGELI      USA PREFERRED MORTGAGE      19980701
10086437    10086437WN     BISH             WIN KIN CORP                19980701
10104065    10104065WN     BABURICH         ABC FINANCIAL SRVCS         19980701
10140044    10140044WN     THOMPSON         AMBASSADOR MORTGAGE         19980901
10110716    10110716WN     CLARK            TOWNE & COUNTRY MTG         19980801
10085355    10085355WN     ROSENBLATT       KING MORTGAGE CORP          19980601
10089019    10089019WN     ANGELO           PINNACLE FUNDING GRP        19980701
10148930    10148930WN     PARRISH          FIRST PACIFIC MTG           19980701
10148872    10148872WN     PARRISH          FIRST PACIFIC MTG           19980701
10143576    10143576WN     JOHNSON          MORTGAGE ONE INC            19980701
10146454    10146454WN     CHASE            PACIFIC GOLD MORTGAGE       19980701
10087161    10087161WN     NGUYEN           MEKONG MORTGAGE             19980601
10140820    10140820WN     SMITH            ALL AMERICAN FUNDING        19980701
10145266    10145266WN     HARDIN-STILL     ACCESS HOME MORTGAGE        19980601
10148450    10148450WN     WILLIAMS         POWER MORTGAGE CORP         19980701
10148948    10148948WN     PARRISH          FIRST PACIFIC MTG           19980701
10140812    10140812WN     SMITH            EASY MORTGAGE INC           19980701
10146975    10146975WN     GOMEZ            SOUTHERN CALIFORNIA         19980701
10110948    10110948WN     COWELL           TIDEWATER MORTGAGE S        19980801
10079572    10079572WN     ZASLOV           MORTGAGE FEDERAL CORP       19980701
10106177    10106177WN     LANGSCHWAGER     PRIMERCHANT CAPITAL         19980801
10112886    10112886WN     CEGLIO           CAPITAL MORTGAGE SYS        19980801
10085918    10085918WN     HATKER JR        MORTGAGE SPECIALISTS        19980601
10109015    10109015WN     SKOWRONSKI       NATIONAL FEDERAL FIN        19980801
10110575    10110575WN     THOMPSON         FIRST PACIFIC MTG           19980801
10082865    10082865WN     MORNSON          MORTGAGE SOURCE INC         19980601
10141620    10141620WN     ZAVALA           AMERICAN WESTERN MTG        19980701
10143139    10143139WN     RAY              INTEGRATED CAPITAL G        19980701
10142651    10142651WN     FERGUSON         EQUITABLE MTG CO            19980701
10144012    10144012WN     SUSSMAN          RIGHT TRAC FINANCIAL        19980701
10108132    10108132WN     ARNOLD           WESTGATE MORTGAGE CO        19980801
10107969    10107969WN     RODRIGUEZ        THE ADVANCEMENT GROUP       19980801
10106128    10106128WN     SAHAGIAN         FUTURE FINANCIAL MTG        19980801
10112753    10112753WN     BRADLEY          JOHNSON MORTGAGE CO         19980801
10143634    10143634WN     COLUMBIA         COMMUNITY FIRST MTG         19980701
10148708    10148708WN     SALAC            WORLD FINANCIAL SERV        19980701
10079150    10079150WN     COOK             FINANCIAL RESOURCES         19980701
10086338    10086338WN     COX              EQUITY MORTGAGE SERV        19980701
10145894    10145894WN     WALSH            ANCHOR MORTGAGE INC         19980701
10141190    10141190WN     MCALLISTER       LITESPEED FINANCIAL         19980701
10146066    10146066WN     PETRUSIS         FIDELITY MORTGAGE AN        19980701
10142289    10142289WN     LAUDAN           WESTERN PACIFIC MTG         19980701
10103927    10103927WN     SWENSEN          FINANCIAL RESOURCES         19980701
10140309    10140309WN     LANE             CREATIVE MORTGAGE EQ        19980701
10104636    10104636WN     FERRARI          2ND CHANCE FINANCIAL        19980701
10103679    10103679WN     YI               ACHIEVABLE MORTGAGE         19980701
10146397    10146397WN     SHIVER           EXCEL PROPERTIES   D        19980701
10117125    10117125WN     HAHN             MIDWEST MORTGAGE FIN        19980801
10078897    10078897WN     MCNEILL          WILLIAM RAVEIS MORTG        19980601
                                            
                                  Page 7 of 17

<PAGE>

AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
Loan Schedule: 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>
10080083      10080083WN     PARTLON        354 KAUMAKANI STREET      HONOLULU             HI         96825    SFR         20280501
10088748      10088748WN     SPINOSA        2127 VAN KARAJAN DRI      RANCHO PALOS VERDES  CA         90275    SFR         20280601
10083251      10083251WN     DAVISON        5890 MAIN STREET          INDEPENDENCE         OR         97351    SFR         20280501
10086932      10086932WN     WHITING        1295 SOUTH 1600 WEST      MAPLETON             UT         84664    SFR         20280501
10144889      10144889WN     GUARINELLO     363 COVENTRY CIRCLE       CLARENDON HILLS      IL         60514    CONDO       20280501
10080349      10080349WN     MIYARES JR     1116 ELMEER AVENUE        METAIRIE             LA         70005    SFR         20280501
10076016      10076016WN     MACK           81 CAMMETT WAY            MARSTON MILLS        MA          2648    SFR         20280401
10085231      10085231WN     PIERCE         9090 RAPPS ROAD           WOODRUFF             WI         54568    SFR         20280501
10080133      10080133WN     FOSTER         2361 SOUTH HIGHWAY 6      MOCKSVILLE           NC         27028    SFR         20280501
10087484      10087484WN     WEBB           2038 SOUTH 700 WEST       WOODS CROSS          UT         84087    SFR         20280501
10146959      10146959WN     FANCHER        1619 BEES RUN             MOSCOW               OH         45153    SFR         20280601
10080273      10080273WN     CROWDER        1282 HOLBROOK TERRAC      WASHINGTON           DC         20002    SFR         20280501
10139806      10139806WN     GRAHAM         507 WEST TEXAS AVENU      SWEETWATER           TX         79556    SFR         20130601
10149672      10149672WN     PETERSON       4121 RICE STREET          LIHUE                HI         96766    CONDO       20280601
10140481      10140481WN     NWORJIH        1712 25TH AVENUE          SEATTLE              WA         98122    SFR         20280601
10149888      10149888WN     CARREL         1969 DRESDEN ROAD         ZANESVILLE           OH         43701    SFR         20280601
10086460      10086460WN     STEPHENSON     3265 ROGER PLACE          ST. LOUIS            MO         63116    2-4 UNITS   20280501
10104933      10104933WN     LYKENS         702 LAKE LATONKA DRI      MERCER               PA         16137    SFR         20280601
10105054      10105054WN     SEILING        1512 BEECHVIEW AVENU      PITTSBURG            PA         15216    2-4 UNITS   20280601
10106789      10106789WN     STAFFORD       678 COPLEY ROAD           AKRON                OH         44320    SFR         20280701
10106003      10106003WN     DUERK          5603 GILBERT AVENUE       CLEVELAND            OH         44129    SFR         20280701
10107738      10107738WN     SCOTT          653 PHILODENRON DRIV      HOPE MILLS           NC         28348    SFR         20280701
10108561      10108561WN     NIONAKIS       88 WEST SHORE DRIVE       RAYMOND              NH          3077    SFR         20280701
10107498      10107498WN     GORDON         82 BATES AVENUE           ATLANTA              GA         30032    SFR         20280701
10113413      10113413WN     MCLENDON       6055 SOUTHVIEW DRIVE      NASHPORT             OH         43830    SFR         20280701
10112100      10112100WN     WHITE          21820 BLUE HORIZON C      SMARTVILLE           CA         95977    SFR         20280701
10147171      10147171WN     LIEBIG         3622 CLAYBURN ROAD        ANTIOCH              CA         94509    SFR         20280601
10148310      10148310WN     SALVADOR       1858 47TH AVENUE          SAN FRANCISCO        CA         94112    SFR         20280601
10108033      10108033WN     WATERS         1357 WEST 750 SOUTH       CLEARFIELD           UT         84015    SFR         20280701
10145407      10145407WN     MURPHY         16112-14 NELA VIEW R      EAST CLEVELAND       OH         44112    2-4 UNITS   20280501
10143642      10143642WN     MARCHUK        10215 19TH AVENUE SO      SEATTLE              WA         98106    SFR         20280601
10109221      10109221WN     ROBERTS        6148 EAST 42ND STREE      INDIANAPOLIS         IN         46226    SFR         20280701
10147619      10147619WN     SICHEL         2576 BRUSH CREEK ROA      SANTA ROSA           CA         95407    SFR         20280601
10148096      10148096WN     CURRY          3220-3222   33RD STR      SAN DIEGO            CA         92104    2-4 UNITS   20280601
10084010      10084010WN     RANSOM         819 EAST WOODBURY RO      ALTADENA AREA        CA         91001    SFR         20280501
10084085      10084085WN     RANSOM         998 WAPELLO STREET        ALTADENA AREA        CA         91001    SFR         20280501
10146728      10146728WN     FETTER         800 AERO AVENUE           SCHERTZ              TX         78154    SFR         20280601
10070977      10070977WN     LEON           2707 SOUTHEAST SALMO      PORTLAND             OR         97214    2-4 UNITS   20280401
10109676      10109676WN     VALDEZ         5943 ESTELLE STREET       SAN DIEGO            CA         92115    SFR         20280701
10080190      10080190WN     GAINES         3886 WEST JONES STRE      FRANKLINVILLE        NC         27248    SFR         20280501
10141703      10141703WN     BENT           25 SOUTH MAIN STREET      BROOKLINE            NH          3033    SFR         20280601
10103604      10103604WN     MITIC          1324 GREENLEAF            CHICAGO              IL         60626    CONDO       20280601
10105021      10105021WN     JOHNSON        2004 GLADIATOR DRIVE      FENTON               MO         63026    SFR         20280601
10086262      10086262WN     SPENCER        2007 PAU LELE PLACE       KIHEI                HI         96753    PUD         20280501
10085116      10085116WN     WILLIAMSON     445 A & B EAST THIRD      OCEAN ISLE BEACH     NC         28469    2-4 UNITS   20280501
10074458      10074458WN     HART           516-518 NORTH VISTA       LOS ANGELES          CA         90036    2-4 UNITS   20280501
10140531      10140531WN     ORLOWSKI       28117 NORTH GALE CIR      WATERFORD            WI         53185    SFR         20280601
10087989      10087989WN     FLORES SR      1929 WEST BURNHAM ST      MILWAUKEE            WI         53204    2-4 UNITS   20280501
10107092      10107092WN     REED           821 SOUTH MASON           SAGINAW              MI         48602    SFR         20280701
10078285      10078285WN     BINKERD        19590 SOUTHWEST SANT      NEWBERG              OR         97132    SFR         20280501
10082188      10082188WN     MURRAY         401 ROBIN HILL LANE       ESCONDIDO            CA         92026    SFR         20280501
10079812      10079812WN     SIMON          422 HENDERSON STREET      COLUMBIA             SC         29205    PUD         20280501
10113991      10113991WN     SORENSEN       137 SOUTH MAIN            MAYFIELD             UT         84643    SFR         20280701
10113967      10113967WN     SORENSEN       1475 SOUTHFIELD ROAD      MAYFIELD             UT         84643    SFR         20280701
10077816      10077816WN     JAHR           6435 HIGHWAY 27           CADOTT               WI         54727    SFR         20280501
10144954      10144954WN     PATTERSON      3366 NORTH 27TH STRE      MILWAUKEE            WI         53216    SFR         20280601
10103166      10103166WN     FLANNIGAN      1426 EAST 133RD STRE      EAST CLEVELAND       OH         44112    SFR         20280601
10117489      10117489WN     FLANNIGAN      14416 ELM AVENUE          EAST CLEVELAND       OH         44112    SFR         20280601
10105989      10105989WN     BOSHEARS       354 PRESTON AVENUE        LEXINGTON            KY         40502    SFR         20280601
10117216      10117216WN     IWATA          1716 NORTH TERRY ST       PORTLAND             OR         97217    SFR         20280601
10080281      10080281WN     BOYD           3216 SILVER SANDS         VIRGINIA BEACH       VA         23451    CONDO       20280501
10148369      10148369WN     JOHNSON        3437 WINNEBAGO AVENU      SAINT LOUIS          MO         63118    2-4 UNITS   20280601
10081800      10081800WN     KULISH         6604 WEST SLOPE LANE      OCONTO               WI         54153    SFR         20280501
10073682      10073682WN     GREGOR         740 CHURCHILL  ROAD       FINLEYVILLE          PA         15332    SFR         20280401
10103422      10103422WN     FUNCHESS       6407 NORTHEAST 8TH A      PORTLAND             OR         97211    SFR         20280601
10104768      10104768WN     AMOS           503 NORTHWEST BELAIR      STEVENSON            WA         98648    SFR         20280601
10112019      10112019WN     PHILLIPS       3332 WEST HIGHLAND        SPRINGFIELD          MO         65807    SFR         20280701
10139632      10139632WN     TAYLOR         2735 TWIN OAKS LANE       SAN JOSE             CA         95127    SFR         20280601
10103364      10103364WN     CURRAN         1043 NORTHWEST 2ND A      HILLSBORO            OR         97124    SFR         20130601
10146991      10146991WN     STOCKE         2420 WEST 15TH STREE      DULUTH               MN         55806    SFR         20280601
10085959      10085959WN     NEUHOFF        195 EAST PANANA PLAC      KIHEI                HI         96753    SFR         20280501
10107571      10107571WN     GIORDANO       3100 SOUTH OCEAN BLV      HIGHLAND BEACH       FL         33487    CONDO       20280601
<CAPTION>
                                            6/1/1998
  Servicer    AMRESCO       Last          * Scheduled  Current      Current          Occupancy     Original                  
Loan Number Loan Number     Name            Balance     Rate      P&I Payment   LTV   Status        Term        Servicer     
- ----------- -----------     ----          -----------   ----      ------------  ----  ------        ----        --------     
<S>         <C>            <C>              <C>         <C>         <C>          <C>  <C>           <C>         <C>          
10080083    10080083WN     PARTLON           283836.6    8.75       2234.23      80   OWNER         360         WENDOVER     
10088748    10088748WN     SPINOSA             280000     8.6       2172.83      80   OWNER         360         WENDOVER     
10083251    10083251WN     DAVISON          107958.45   10.65       1000.05      80   OWNER         360         WENDOVER     
10086932    10086932WN     WHITING          279817.78    8.15       2083.89      80   OWNER         360         WENDOVER     
10144889    10144889WN     GUARINELLO        103961.1   10.78        973.17      80   OWNER         360         WENDOVER     
10080349    10080349WN     MIYARES JR       137530.88     9.4       1146.99      80   OWNER         360         WENDOVER     
10076016    10076016WN     MACK             135397.01     9.9       1179.28      80   OWNER         360         WENDOVER     
10085231    10085231WN     PIERCE            47182.34   10.78        441.67      80   OWNER         360         WENDOVER     
10080133    10080133WN     FOSTER            58692.78    9.78        505.79      80   OWNER         360         WENDOVER     
10087484    10087484WN     WEBB              124743.6     9.9          1086      80   OWNER         360         WENDOVER     
10146959    10146959WN     FANCHER              40800     9.8        352.03      80   OWNER         360         WENDOVER     
10080273    10080273WN     CROWDER           97554.75    9.78        840.69      80   OWNER         360         WENDOVER     
10139806    10139806WN     GRAHAM              164000    9.53        1715.5      80   OWNER         180         WENDOVER     
10149672    10149672WN     PETERSON             63192    8.15        470.31      80   OWNER         360         WENDOVER     
10140481    10140481WN     NWORJIH             173600    8.23       1301.76      80   NON OWNER     360         WENDOVER     
10149888    10149888WN     CARREL              100000     9.4        833.57      80   OWNER         360         WENDOVER     
10086460    10086460WN     STEPHENSON        40781.09    9.78        351.43      80   NON OWNER     360         WENDOVER     
10104933    10104933WN     LYKENS              155200    9.38       1291.44      80   OWNER         360         WENDOVER     
10105054    10105054WN     SEILING              44000   10.78        411.72      80   OWNER         360         WENDOVER     
10106789    10106789WN     STAFFORD             61600    8.73        483.73      80   OWNER         360         WENDOVER     
10106003    10106003WN     DUERK                66800     7.9        485.51      80   OWNER         360         WENDOVER     
10107738    10107738WN     SCOTT                29600    9.78        254.96      80   OWNER         360         WENDOVER     
10108561    10108561WN     NIONAKIS             62400   10.65        577.81      80   OWNER         360         WENDOVER     
10107498    10107498WN     GORDON              133600    9.15       1089.43      80   OWNER         360         WENDOVER     
10113413    10113413WN     MCLENDON            113400     8.9        904.29      80   OWNER         360         WENDOVER     
10112100    10112100WN     WHITE               138000    9.28       1138.29      80   NON OWNER     360         WENDOVER     
10147171    10147171WN     LIEBIG              101000    8.65        787.36      80   OWNER         360         WENDOVER     
10148310    10148310WN     SALVADOR            242400     9.4       2020.57      79   OWNER         360         WENDOVER     
10108033    10108033WN     WATERS              126500    8.65        986.15      79   OWNER         360         WENDOVER     
10145407    10145407WN     MURPHY            64541.73    9.28        532.65      78   NON OWNER     360         WENDOVER     
10143642    10143642WN     MARCHUK              42690     8.1        316.23      78   OWNER         360         WENDOVER     
10109221    10109221WN     ROBERTS              34425    7.73        246.15      77   NON OWNER     360         WENDOVER     
10147619    10147619WN     SICHEL              141400     8.6       1097.28      76   OWNER         360         WENDOVER     
10148096    10148096WN     CURRY               166650     8.6       1293.22      76   NON OWNER     360         WENDOVER     
10084010    10084010WN     RANSOM           170328.31    8.25       1280.44      76   NON OWNER     360         WENDOVER     
10084085    10084085WN     RANSOM           155187.98    8.25       1166.62      76   NON OWNER     360         WENDOVER     
10146728    10146728WN     FETTER               41662    8.73        327.16      76   NON OWNER     360         WENDOVER     
10070977    10070977WN     LEON             204352.73   10.25       1832.75      76   OWNER         360         WENDOVER     
10109676    10109676WN     VALDEZ               95823    8.25        719.89      76   OWNER         360         WENDOVER     
10080190    10080190WN     GAINES            56223.64    9.73        482.45      75   OWNER         360         WENDOVER     
10141703    10141703WN     BENT                172500     9.6       1463.08      75   OWNER         360         WENDOVER     
10103604    10103604WN     MITIC                93000    9.73        797.65      75   OWNER         360         WENDOVER     
10105021    10105021WN     JOHNSON              66750    9.25        549.14      75   OWNER         360         WENDOVER     
10086262    10086262WN     SPENCER          224876.59    8.98       1807.16      75   NON OWNER     360         WENDOVER     
10085116    10085116WN     WILLIAMSON       199781.35    9.73        1714.3      75   OWNER         360         WENDOVER     
10074458    10074458WN     HART             232366.23    8.75       1829.08      75   OWNER         360         WENDOVER     
10140531    10140531WN     ORLOWSKI            217500   10.03       1913.54      75   OWNER         360         WENDOVER     
10087989    10087989WN     FLORES SR         39734.58   10.61        366.88      75   NON OWNER     360         WENDOVER     
10107092    10107092WN     REED                 32250     9.1        261.81      75   NON OWNER     360         WENDOVER     
10078285    10078285WN     BINKERD          353300.79    8.85       2806.27      74   OWNER         360         WENDOVER     
10082188    10082188WN     MURRAY           171990.26    8.25       1292.93      72   NON OWNER     360         WENDOVER     
10079812    10079812WN     SIMON            179041.57    7.91       1303.42      72   OWNER         360         WENDOVER     
10113991    10113991WN     SORENSEN             91910    8.66        717.16      71   OWNER         360         WENDOVER     
10113967    10113967WN     SORENSEN            106050    8.03        780.38      71   OWNER         360         WENDOVER     
10077816    10077816WN     JAHR              52480.15   10.73        489.29      70   OWNER         360         WENDOVER     
10144954    10144954WN     PATTERSON            28000    9.98        245.31      70   OWNER         360         WENDOVER     
10103166    10103166WN     FLANNIGAN            47600    9.66        405.82      70   NON OWNER     360         WENDOVER     
10117489    10117489WN     FLANNIGAN            47600    9.66        405.82      70   NON OWNER     360         WENDOVER     
10105989    10105989WN     BOSHEARS             45500    9.13        370.37      70   NON OWNER     360         WENDOVER     
10117216    10117216WN     IWATA                98000    9.03        790.65      70   OWNER         360         WENDOVER     
10080281    10080281WN     BOYD             256101.65   10.66       2374.26      70   OWNER         360         WENDOVER     
10148369    10148369WN     JOHNSON              30450   10.66        282.19      70   NON OWNER     360         WENDOVER     
10081800    10081800WN     KULISH           167913.45    9.28       1385.75      70   OWNER         360         WENDOVER     
10073682    10073682WN     GREGOR           166397.85    8.51       1282.19      70   OWNER         360         WENDOVER     
10103422    10103422WN     FUNCHESS             90909    9.73        779.71      70   NON OWNER     360         WENDOVER     
10104768    10104768WN     AMOS                 83500    8.53        643.82      70   OWNER         360         WENDOVER     
10112019    10112019WN     PHILLIPS             53000    8.03           390      69   OWNER         360         WENDOVER     
10139632    10139632WN     TAYLOR              151500    8.03       1114.82      69   OWNER         360         WENDOVER     
10103364    10103364WN     CURRAN               87000    8.78        871.06      69   OWNER         180         WENDOVER     
10146991    10146991WN     STOCKE               32653    9.66        278.38      68   OWNER         360         WENDOVER     
10085959    10085959WN     NEUHOFF          779360.64       7       5189.36      68   OWNER         360         WENDOVER     
10107571    10107571WN     GIORDANO             83000    9.35        688.84      67   OWNER         360         WENDOVER     
</TABLE>               

  Servicer    AMRESCO       Last                                          Due   
Loan Number Loan Number     Name               Originator                 Date  
- ----------- -----------     ----               ----------                 ----  
10080083    10080083WN     PARTLON          BANKERS MORTGAGE CO         19980601
10088748    10088748WN     SPINOSA          SOLARO FINANCIAL INC        19980701
10083251    10083251WN     DAVISON          MORTGAGE WEST INC           19980701
10086932    10086932WN     WHITING          LOANS FOR HOMES MTG         19980701
10144889    10144889WN     GUARINELLO       HOME QUEST MORTGAGE         19980601
10080349    10080349WN     MIYARES JR       BROKERS MORTGAGE NOR        19980601
10076016    10076016WN     MACK             ANCHOR MORTGAGE INC         19980601
10085231    10085231WN     PIERCE           BAYSHORE MORTGAGE LL        19980701
10080133    10080133WN     FOSTER           MORTGAGE SPECIALISTS        19980601
10087484    10087484WN     WEBB             THE LOAN COMPANY INC        19980601
10146959    10146959WN     FANCHER          MERCANTILE MORTGAGE         19980701
10080273    10080273WN     CROWDER          ATLANTIC HOME FUNDG         19980601
10139806    10139806WN     GRAHAM           NOLAN FINANCIAL             19980701
10149672    10149672WN     PETERSON         U S FINANCIAL MTG           19980701
10140481    10140481WN     NWORJIH          STOHR CAPITAL GROUP         19980701
10149888    10149888WN     CARREL           MCLENDON MORTGAGE CO        19980701
10086460    10086460WN     STEPHENSON       PERSONAL HOME MTG           19980601
10104933    10104933WN     LYKENS           STATESMAN MORTGAGE C        19980701
10105054    10105054WN     SEILING          FREEDOM FINANCIAL SE        19980701
10106789    10106789WN     STAFFORD         AMERIMORTGAGE INC.          19980801
10106003    10106003WN     DUERK            NEW HORIZONS MORTGAGE       19980801
10107738    10107738WN     SCOTT            A-1 MORTGAGE ASSOCIA        19980801
10108561    10108561WN     NIONAKIS         ABACUS MORTGAGE             19980801
10107498    10107498WN     GORDON           MBM CAPITAL                 19980801
10113413    10113413WN     MCLENDON         1ST COMMUNITY MTG           19980801
10112100    10112100WN     WHITE            ABLE FINANCIAL SRVCS        19980801
10147171    10147171WN     LIEBIG           TRIBBLE MORTGAGE CO         19980701
10148310    10148310WN     SALVADOR         PLATINUM MORTGAGE CO        19980701
10108033    10108033WN     WATERS           SERENITY MORTGAGE           19980801
10145407    10145407WN     MURPHY           FIRST CHOICE MTG            19980601
10143642    10143642WN     MARCHUK          MEKONG MORTGAGE             19980701
10109221    10109221WN     ROBERTS          AMERICAN CLASSIC MOR        19980801
10147619    10147619WN     SICHEL           PACIFIC GOLD MORTGAGE       19980701
10148096    10148096WN     CURRY            WESTERN MISSION MTG         19980701
10084010    10084010WN     RANSOM           PAUL IRIS INVESTMENT        19980601
10084085    10084085WN     RANSOM           PAUL IRIS INVESTMENT        19980601
10146728    10146728WN     FETTER           NORWEST MORTGAGE INC        19980701
10070977    10070977WN     LEON             FIRST PACIFIC MTG           19980601
10109676    10109676WN     VALDEZ           ACTION MORTGAGE             19980801
10080190    10080190WN     GAINES           CUSTOM MORTGAGE             19980701
10141703    10141703WN     BENT             OVAL MORTGAGE CORP          19980701
10103604    10103604WN     MITIC            FIRST AMERICAN MTG          19980701
10105021    10105021WN     JOHNSON          CREDIT RESOURCES INC        19980701
10086262    10086262WN     SPENCER          WESTERN STATES MTG          19980601
10085116    10085116WN     WILLIAMSON       STERLING MORTGAGE           19980601
10074458    10074458WN     HART             MONEYTEAM THE               19980601
10140531    10140531WN     ORLOWSKI         BAYSHORE MORTGAGE LL        19980701
10087989    10087989WN     FLORES SR        MORTGAGE SOLUTIONS          19980701
10107092    10107092WN     REED             COMMONWEALTH NATL           19980801
10078285    10078285WN     BINKERD          MORTGAGE PROFESSIONAL       19980601
10082188    10082188WN     MURRAY           BANKERS MORTGAGE CO         19980601
10079812    10079812WN     SIMON            FIRST PACIFIC MTG           19980601
10113991    10113991WN     SORENSEN         AMERICAS BEST MTG           19980801
10113967    10113967WN     SORENSEN         AMERICAS BEST MTG           19980801
10077816    10077816WN     JAHR             COMMONWEAL MORTGAGE         19980701
10144954    10144954WN     PATTERSON        PHOENIX MORTGAGE COR        19980701
10103166    10103166WN     FLANNIGAN        MULTI-FUND INC              19980701
10117489    10117489WN     FLANNIGAN        MULTI-FUND INC              19980701
10105989    10105989WN     BOSHEARS         COMMUNITY FIRST MTG         19980701
10117216    10117216WN     IWATA            CROSSLAND MORTGAGE C        19980701
10080281    10080281WN     BOYD             TIDEWATER MORTGAGE S        19980701
10148369    10148369WN     JOHNSON          LINSTAR MORTGAGE CRP        19980701
10081800    10081800WN     KULISH           FINANCIAL FOCUS             19980601
10073682    10073682WN     GREGOR           STATESMAN MORTGAGE          19980601
10103422    10103422WN     FUNCHESS         FIRST PACIFIC MTG           19980701
10104768    10104768WN     AMOS             CROSSLAND MORTGAGE C        19980701
10112019    10112019WN     PHILLIPS         ALLIANCE MORTGAGE SP        19980801
10139632    10139632WN     TAYLOR           GLOBE FINANCIAL SRVC        19980701
10103364    10103364WN     CURRAN           NORTHWEST PACIFIC           19980701
10146991    10146991WN     STOCKE           HERITAGE FINANCIAL          19980701
10085959    10085959WN     NEUHOFF          WESTERN STATES MTG          19980601
10107571    10107571WN     GIORDANO         ADDISON MTG GROUP           19980701

                                  Page 8 of 17

<PAGE>

AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
Loan Schedule: 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>
10148237      10148237WN     SOPHIN          4904 NORTWESTW 27TH                TAMARAC          FL    33309   PUD          20130601
10089134      10089134WN     BLANCO          16 1/2 LISBON STREET               PROVIDENCE       RI     2908   2-4 UNITS    20280501
10145332      10145332WN     GOLDSTON-MORRIS 59-071 HAKUOLA ROAD                HALEIWA          HI    96712   SFR          20280601
10085611      10085611WN     BEEDLE          2220 QUEBEC AVENUE S               LAKELAND         MN    55043   SFR          20280501
10086247      10086247WN     ACHORN JR.      7 KENNEDY PARKWAY                  PLYMOUTH         MA     2360   SFR          20280501
10082816      10082816WN     GARZA           2539 HILLSBORO AVENU               DALLAS           TX    75228   SFR          20280501
10148260      10148260WN     WILSON          639 27TH STREET                    NEWPORT NEWS     VA    23607   SFR          20280601
10104909      10104909WN     AKINS           2409 GROVE ROAD                    DAVENPORT        FL    33837   SFR          20280601
10084739      10084739WN     FLINT           2926 EAST SPRING CRE               CLARK FORK       ID    83811   SFR          20280501
10078939      10078939WN     HALL SR.        37605 4TH STREET EAS               PALMDALE         CA    93550   SFR          20280501
10105773      10105773WN     CALBERT         525 MULBERRY ROAD                  PATTERSON        CA    95363   SFR          20280701
10117158      10117158WN     GUESS           774 WARRING DRIVE                  SAN JOSE         CA    95123   CONDO        20280601
10073286      10073286WN     ALLEN           351 HOSPITAL ROAD                  HOLLISTER        CA    95023   SFR          20280401
10145589      10145589WN     HARRIS          106 COOKE STREET                   FRANKLINTON      NC    27525   SFR          20280601
10078681      10078681WN     LARSON          14815 SW DELASHMUTT                MCMINNVILLE      OR    97128   SFR          20280501
10088987      10088987WN     RIFKIN          100 MONTGOMERY STREE               CAMBRIDGE        MA     2140   CONDO        20280501
10109262      10109262WN     CERIO           891 COWESETT ROAD                  WARWICK          RI     2886   SFR          20280701
10071835      10071835WN     KAKUGAWA        4996 LOWER HONOAPIIL               LAHAINA          HI    96761   SFR          20280401
10109635      10109635WN     MILLER          351 SAUNDERS AVENUE                BRIDGEPORT       CT     6606   SFR          20280701
10079325      10079325WN     FAIRBANKS       76-6170 LEHUA ROAD                 KAILUA-KONA      HI    96740   SFR          20280501
10104198      10104198WN     BRUNEL          692 BRIDGER COURT                  INCLINE VILLAGE  NV    89450   SFR          20280601
10087526      10087526WN     RICKETTS        1907 H STREET                      BEDFORD          IN    47421   SFR          20280501
 7115918      7115918WN      REED            #1 COLLEGE STREET ROAD             PINE FORGE       PA    19548   SFR          20280310
 7008667      7008667WN      CROCKOM         8780 MARIPOSA STREET               DENVER           CO    80221   CONDO        20271001
 7118961      7118961WN      CHAMPIEN        1437 WEST 62ND STREET              LOS ANGELES      CA    90047   SFR          20280401
 7116932      7116932WN      BELL            8620 HOPE COURT                    DENVER           CO    80229   SFR          20280301
 7118342      7118342WN      MILLER          949 CAMPBELL AVE                   COLUMBUS         OH    43223   SFR          20270804
 7115553      7115553WN      BOYCE           73 MAPLE AVE                       LYNDONVILLE      NY    14098   SFR          20280310
 7116585      7116585WN      NAPAA           56-365 PAHELEHALA LOOP             KAHUKU           HI    96731   SFR          20280401
 7037393      7037393WN      WILLIAMS        3600 SOUTHEAST 27TH TERRACE        TOPEKA           KS    66605   SFR          20271201
 7045545      7045545WN      FRENCH          5204 RIVER STREET                  ROSCOE           IL    61073   SFR          20271202
 7115629      7115629WN      KITSILIS        14 TIMBERWOLF DRIVE                CUMBERLAND       RI     2864   SFR          20280217
 7023278      7023278WN      COCCIARDI       92 WAUMSETT AVENUE CUMBERLAND      CUMBERLAND       RI     2864   SFR          20280114
 7116098      7116098WN      NELSON          724 EAST 72ND STREET               CHICAGO          IL    60619   SFR          20280304
 7116759      7116759WN      COOK            350 EAST 750 SOUTH                 SALEM            UT    84653   SFR          20280101
 7037690      7037690WN      HACHE           8358 WEST 104TH STREET             BLOOMINGTON      MN    55438   SFR          20271201
 7032352      7032352WN      BROWNSBERGER    472 PRAIRIE LANE                   SEDRO-WOOLLEY    WA    98284   SFR          20271001
 7031099      7031099WN      WILSON          3356 VINCENT AVENUE NORTH          MINNEAPOLIS      MN    55412   SFR          20271001
 7038250      7038250WN      SKINNER         109 CHESTNUT STREET                NORTH READING    MA     1864   SFR          20271201
 7031834      7031834WN      ROMAN           727 PASEO DE LOS VIRREYES          CALEXICO         CA    92231   SFR          20271001
 7014350      7014350WN      PAVELONIS       1302 GARDEN HILL PL                LOUISVILLE       KY    40243   SFR          20270901
 7014392      7014392WN      SCHWITTERS      1080 WOODSIDE DR.                  BRENTWOOD        CA    94513   SFR          20271201
 7014822      7014822WN      KIM             16553 SW LANSFORD COURT            BEAVERTON        OR    97007   SFR          20280201
 7043326      7043326WN      LEVESQUE        110 BEECH HILL ROAD ANDOVER        ANDOVER          NH     3216   SFR          20271121
 7043458      7043458WN      BROOKS          4036 CENTER LYONS                  LYONS            IL    60534   SFR          20271125
 7044530      7044530WN      FABIAN          3400 WILLOW RIDGE CIRC GAINESVILLE GAINESVILLE      GA    30504   SFR          20271223
 7044811      7044811WN      DORSEY          157 BRANCHPORT AVE. LONG BRANCH    LONG BRANCH      NJ     7740   SFR          20271229
 7117062      7117062WN      MEDINA          12965 EAST 13TH AVENUE             AURORA           CO    80011   SFR          20280401
 7117385      7117385WN      SARVER          3600 NE 129TH AVENUE               VANCOUVER        WA    98682   SFR          20280201
 7117419      7117419WN      DELLINGER       1569 W CAMINO ACIERTO              SAHUARITA        AZ    85629   SFR          20280401
 7117450      7117450WN      RECCHI JR       7927 230TH STREET S.W.             EDMONDS          WA    98026   SFR          20280401
 7024920      7024920WN      TYSON           3112 MISSION STREET                COLORADO SPRINGS CO    80909   SFR          20280301
 7016066      7016066WN      JOHNSON         1010 NE KNIGHTS COURT              BREMERTON        WA    98311   SFR          20280201
 7016124      7016124WN      OLSZEWSKI       1627 NEWBERRY STREET               CUYAHOGA FALLS   OH    44221   SFR          20280201
 7016249      7016249WN      BREA            1080 SUMMIT AVENUE                 TEANECK          NJ     7666   SFR          20280201
 7016538      7016538WN      HIGA            971 SUMMERFIELD DRIVE              SAN JOSE         CA    95121   SFR          20280101
 7016561      7016561WN      OLSEN           754 SAN LUCAS AVENUE               MOUNTAIN VIEW    CA    94043   SFR          20280101
 7016629      7016629WN      BEST            353 ALLEN LANE                     WATSONVILLE      CA    95076   SFR          20280101
 7016892      7016892WN      CURTIS          908 SPRUCE ST                      PUEBLO           CO    81004   SFR          20280101
 7018773      7018773WN      FRENCH          4352 SNOWHEIGHTS CIRCLE SE         RIO RANCHO       NM    87124   SFR          20280201
 7019094      7019094WN      PAGE            8012 HARVEST HILLS SOUTH BLVD      OKLAHOMA CITY    OK    73132   SFR          20280201
 7019102      7019102WN      PARKER          3309 PETZINGER RD                  COLUMBUS         OH    43232   SFR          20280101
 7019318      7019318WN      THOMAS          4967 N VIA CARINA                  TUCSON           AZ    85704   PUD          20280201
 7019359      7019359WN      WEAVER          5650 92ND AVENUE NO                PINELLAS PARK    FL    33782   SFR          20280201
 7019375      7019375WN      WILKINS         12625 SHARP ROAD                   ANNA             OH    45302   SFR          20280201
 7023856      7023856WN      WOODARD         525 UNION CHICAGO HEIGHTS          CHICAGO HEIGHTS  IL    60411   SFR          20280204
 7025208      7025208WN      CORIA           3570 EAST R STREET                 TACOMA           WA    98404   SFR          20280201
 7025273      7025273WN      TWISDALE        2513 OLSON STREET                  TEMPLE HILLS     MD    20748   SFR          20280201
 7025315      7025315WN      GLOVER          268 LITTLETON AVENUE               NEWARK           NJ     7103   2-4 UNITS    20280301
 7025950      7025950WN      IZZOLO          1507 POWHATTAN AVE E.              TAMPA            FL    33610   SFR          20280201
 7026032      7026032WN      LAYNE           214 EAST 1000 NORTH                OREM             UT    84057   SFR          20280201
 7045917      7045917WN      GUTIERREZ       224 WEBSTER AVENUE                 CHELSEA          MA     2150   2-4 UNITS    20280107
<CAPTION>
                                            6/1/1998
  Servicer    AMRESCO       Last           * Scheduled  Current      Current          Occupancy     Original                  
Loan Number Loan Number     Name             Balance     Rate      P&I Payment   LTV   Status        Term        Servicer     
- ----------- -----------     ----           -----------   ----      ------------  ----  ------        ----        --------     
<S>         <C>            <C>               <C>         <C>         <C>          <C>  <C>           <C>         <C>          
10148237    10148237WN     SOPHIN                27370     9.16       280.22      67   NON OWNER     180         WENDOVER     
10089134    10089134WN     BLANCO             56354.56    10.29       506.88      66   NON OWNER     360         WENDOVER     
10145332    10145332WN     GOLDSTON-MORRIS      308750      7.2      2095.76      65   OWNER         360         WENDOVER     
10085611    10085611WN     BEEDLE             45481.56    10.41       413.15      65   OWNER         360         WENDOVER     
10086247    10086247WN     ACHORN JR.          77968.4    10.41       708.25      65   OWNER         360         WENDOVER     
10082816    10082816WN     GARZA              37981.93     9.66       323.97      64   OWNER         360         WENDOVER     
10148260    10148260WN     WILSON                27000    10.79       252.85      64   NON OWNER     360         WENDOVER     
10104909    10104909WN     AKINS                 38000     9.28       313.44      63   OWNER         360         WENDOVER     
10084739    10084739WN     FLINT              77947.98     8.03       573.97      62   OWNER         360         WENDOVER     
10078939    10078939WN     HALL SR.           35979.42     8.78       283.98      60   OWNER         360         WENDOVER     
10105773    10105773WN     CALBERT              143500     8.53      1106.44      60   OWNER         360         WENDOVER     
10117158    10117158WN     GUESS                 72215     8.53       556.81      60   NON OWNER     360         WENDOVER     
10073286    10073286WN     ALLEN             159110.24      8.6      1236.19      59   OWNER         360         WENDOVER     
10145589    10145589WN     HARRIS                32000    10.29        287.7      58   NON OWNER     360         WENDOVER     
10078681    10078681WN     LARSON            318816.93     8.53      2459.69      55   OWNER         360         WENDOVER     
10088987    10088987WN     RIFKIN            198859.55     7.75      1425.66      53   OWNER         360         WENDOVER     
10109262    10109262WN     CERIO                 90000     9.99       789.15      51   OWNER         360         WENDOVER     
10071835    10071835WN     KAKUGAWA          178782.35      8.5      1376.36      50   OWNER         360         WENDOVER     
10109635    10109635WN     MILLER                74000    10.41       671.93      49   NON OWNER     360         WENDOVER     
10079325    10079325WN     FAIRBANKS          67260.55     8.66       525.13      45   NON OWNER     360         WENDOVER     
10104198    10104198WN     BRUNEL               178500     8.28      1344.78      45   OWNER         360         WENDOVER     
10087526    10087526WN     RICKETTS           43982.17    10.41       399.53      38   NON OWNER     360         WENDOVER     
 7115918    7115918WN      REED               140149.3    10.99      1334.58      85   OWNER         360         WENDOVER     
 7008667    7008667WN      CROCKOM            67727.66     9.75       584.23      85   OWNER         360         WENDOVER     
 7118961    7118961WN      CHAMPIEN          118878.81     9.39       991.08      85   OWNER         360         WENDOVER     
 7116932    7116932WN      BELL               80223.09    10.25       719.79      85   OWNER         360         WENDOVER     
 7118342    7118342WN      MILLER             50683.93      7.9       370.68      85   OWNER         360         WENDOVER     
 7115553    7115553WN      BOYCE              70025.68     7.75       502.39      85   OWNER         360         WENDOVER     
 7116585    7116585WN      NAPAA             130748.83     8.75      1029.79      85   OWNER         360         WENDOVER     
 7037393    7037393WN      WILLIAMS           93283.97    10.75       872.81      85   OWNER         360         WENDOVER     
 7045545    7045545WN      FRENCH             69568.98    10.99        663.2      85   OWNER         360         WENDOVER     
 7115629    7115629WN      KITSILIS          108703.54     11.9      1110.77      85   OWNER         360         WENDOVER     
 7023278    7023278WN      COCCIARDI          56013.43     10.7       521.58      85   OWNER         360         WENDOVER     
 7116098    7116098WN      NELSON             78129.77     9.95       683.38      85   OWNER         360         WENDOVER     
 7116759    7116759WN      COOK              127267.98    10.99      1213.25      85   OWNER         360         WENDOVER     
 7037690    7037690WN      HACHE             152584.43     9.99      1341.56      85   OWNER         360         WENDOVER     
 7032352    7032352WN      BROWNSBERGER      165161.69   10.125      1469.91      85   OWNER         360         WENDOVER     
 7031099    7031099WN      WILSON             61851.87   10.625       573.41      85   OWNER         360         WENDOVER     
 7038250    7038250WN      SKINNER           173464.5     11.25       1688.3      85   OWNER         360         WENDOVER     
 7031834    7031834WN      ROMAN             118565.38     9.99      1043.44      85   OWNER         360         WENDOVER     
 7014350    7014350WN      PAVELONIS         194239.27    10.25       1747.4      85   OWNER         360         WENDOVER     
 7014392    7014392WN      SCHWITTERS        215644.59     8.95      1734.22      85   OWNER         360         WENDOVER     
 7014822    7014822WN      KIM               152695.36      9.5      1286.51      85   OWNER         360         WENDOVER     
 7043326    7043326WN      LEVESQUE          154241.36    10.95      1467.41      85   OWNER         360         WENDOVER     
 7043458    7043458WN      BROOKS            118725.12    10.75      1110.84      85   OWNER         360         WENDOVER     
 7044530    7044530WN      FABIAN             98451.13     10.8       924.12      85   OWNER         360         WENDOVER     
 7044811    7044811WN      DORSEY            110232.39     9.65       941.27      85   OWNER         360         WENDOVER     
 7117062    7117062WN      MEDINA             84916.05      9.5       714.73      85   OWNER         360         WENDOVER     
 7117385    7117385WN      SARVER             97608.63       11        930.9      85   OWNER         360         WENDOVER     
 7117419    7117419WN      DELLINGER         114609.03     8.45       878.27      85   OWNER         360         WENDOVER     
 7117450    7117450WN      RECCHI JR          135755.6     7.95       993.18      85   OWNER         360         WENDOVER     
 7024920    7024920WN      TYSON              89283.66     10.5       824.19      85   OWNER         360         WENDOVER     
 7016066    7016066WN      JOHNSON           110360.55   11.625      1104.83      85   OWNER         360         WENDOVER     
 7016124    7016124WN      OLSZEWSKI          89094.27   10.125       791.49      85   OWNER         360         WENDOVER     
 7016249    7016249WN      BREA              106126.53       12      1092.91      85   OWNER         360         WENDOVER     
 7016538    7016538WN      HIGA              211788.88     8.99       1708.3      85   OWNER         360         WENDOVER     
 7016561    7016561WN      OLSEN             300742.33        9      2427.95      85   OWNER         360         WENDOVER     
 7016629    7016629WN      BEST              274570.93      9.5      2315.72      85   OWNER         360         WENDOVER     
 7016892    7016892WN      CURTIS             50030.97   10.625       463.44      85   OWNER         360         WENDOVER     
 7018773    7018773WN      FRENCH            118708.48     10.5      1087.63      85   OWNER         360         WENDOVER     
 7019094    7019094WN      PAGE               90733.95       10       797.72      85   OWNER         360         WENDOVER     
 7019102    7019102WN      PARKER              66154.7   10.125       587.97      85   OWNER         360         WENDOVER     
 7019318    7019318WN      THOMAS             66220.81   11.875        675.6      85   OWNER         360         WENDOVER     
 7019359    7019359WN      WEAVER             50933.86     11.5       505.05      85   OWNER         360         WENDOVER     
 7019375    7019375WN      WILKINS           165483.01     10.5      1516.19      85   OWNER         360         WENDOVER     
 7023856    7023856WN      WOODARD           114602.85     10.2      1024.01      85   OWNER         360         WENDOVER     
 7025208    7025208WN      CORIA              70436.37     10.5       645.35      85   OWNER         360         WENDOVER     
 7025273    7025273WN      TWISDALE          130730.22     11.5      1296.29      85   OWNER         360         WENDOVER     
 7025315    7025315WN      GLOVER            152839.25   11.125      1471.53      85   OWNER         360         WENDOVER     
 7025950    7025950WN      IZZOLO             69571.75    9.875       605.24      85   OWNER         360         WENDOVER     
 7026032    7026032WN      LAYNE             125574.57       10      1103.99      85   OWNER         360         WENDOVER     
 7045917    7045917WN      GUTIERREZ         118738.54    10.99      1132.37      85   OWNER         360         WENDOVER     
</TABLE>                              

  Servicer    AMRESCO       Last                                          Due   
Loan Number Loan Number     Name               Originator                 Date  
- ----------- -----------     ----               ----------                 ----  
10148237    10148237WN     SOPHIN           KIMMEL & ASSOCIATES         19980701
10089134    10089134WN     BLANCO           ALLEGIANCE INTNTL           19980701
10145332    10145332WN     GOLDSTON-MORRIS  FINANCIAL WEST SVCS         19980701
10085611    10085611WN     BEEDLE           HEADWATERS MORTGAGE         19980701
10086247    10086247WN     ACHORN JR.       FINANCIAL RESOURCES         19980701
10082816    10082816WN     GARZA            AMRESCO                     19980601
10148260    10148260WN     WILSON           JOHNSON MORTGAGE CO         19980701
10104909    10104909WN     AKINS            LIBERTY AMERICAN MTG        19980701
10084739    10084739WN     FLINT            FIRST GUARANTEE CORP        19980601
10078939    10078939WN     HALL SR.         GUILD MORTGAGE CO           19980601
10105773    10105773WN     CALBERT          STELLAR MORTGAGE SER        19980801
10117158    10117158WN     GUESS            STELLAR MORTGAGE SER        19980701
10073286    10073286WN     ALLEN            PACIFIC FINANCE CO          19980701
10145589    10145589WN     HARRIS           GOLDSTAR MORTGAGE CO        19980701
10078681    10078681WN     LARSON           FIRST PACIFIC MTG           19980701
10088987    10088987WN     RIFKIN           EQUITY MORTGAGE SERV        19980701
10109262    10109262WN     CERIO            MORTGAGELINK LTD            19980801
10071835    10071835WN     KAKUGAWA         U S FINANCIAL MTG           19980601
10109635    10109635WN     MILLER           ALLIED MORTGAGE CAP.        19980801
10079325    10079325WN     FAIRBANKS        CHARTER FINANCIAL           19980601
10104198    10104198WN     BRUNEL           THE RADFORD COMPANY         19980701
10087526    10087526WN     RICKETTS         HOOSIER STATE MTG           19980601
 7115918    7115918WN      REED             PARKWAY                     19980710
 7008667    7008667WN      CROCKOM          NATIONAL MORTGAGE           19980601
 7118961    7118961WN      CHAMPIEN         CHADWICK MORTGAGE           19980701
 7116932    7116932WN      BELL             STANDARD FINANCIAL          19980601
 7118342    7118342WN      MILLER           MLN                         19980604
 7115553    7115553WN      BOYCE            MLN                         19980610
 7116585    7116585WN      NAPAA            CHAMPION MORTGAGE           19980701
 7037393    7037393WN      WILLIAMS         WMC                         19980501
 7045545    7045545WN      FRENCH           PARKWAY MORTGAGE            19980702
 7115629    7115629WN      KITSILIS         PARKWAY                     19980717
 7023278    7023278WN      COCCIARDI        PARKWAY                     19980714
 7116098    7116098WN      NELSON           PARKWAY                     19980504
 7116759    7116759WN      COOK             STANDARD FINANCIAL          19980501
 7037690    7037690WN      HACHE            WMC                         19980601
 7032352    7032352WN      BROWNSBERGER     WMC                         19980601
 7031099    7031099WN      WILSON           WMC                         19980701
 7038250    7038250WN      SKINNER          WMC                         19980601
 7031834    7031834WN      ROMAN            WMC                         19980601
 7014350    7014350WN      PAVELONIS        STANDARD FINANCIAL          19980601
 7014392    7014392WN      SCHWITTERS       STANDARD FINANCIAL          19980601
 7014822    7014822WN      KIM              EVEREST                     19980701
 7043326    7043326WN      LEVESQUE         PARKWAY MORTGAGE            19980621
 7043458    7043458WN      BROOKS           PARKWAY MORTGAGE            19980525
 7044530    7044530WN      FABIAN           PARKWAY MORTGAGE            19980723
 7044811    7044811WN      DORSEY           PARKWAY MORTGAGE            19980630
 7117062    7117062WN      MEDINA           STANDARD FINANCIAL          19980701
 7117385    7117385WN      SARVER           STANDARD FINANCIAL          19980601
 7117419    7117419WN      DELLINGER        STANDARD FINANCIAL          19980601
 7117450    7117450WN      RECCHI JR        STANDARD FINANCIAL          19980801
 7024920    7024920WN      TYSON            PAN AMERICAN                19980701
 7016066    7016066WN      JOHNSON          PAN AMERICAN                19980601
 7016124    7016124WN      OLSZEWSKI        PAN AMERICAN                19980501
 7016249    7016249WN      BREA             PAN AMERICAN                19980601
 7016538    7016538WN      HIGA             PAN AMERICAN                19980601
 7016561    7016561WN      OLSEN            PAN AMERICAN                19980501
 7016629    7016629WN      BEST             PAN AMERICAN                19980601
 7016892    7016892WN      CURTIS           PAN AMERICAN                19980601
 7018773    7018773WN      FRENCH           PAN AMERICAN                19980601
 7019094    7019094WN      PAGE             PAN AMERICAN                19980701
 7019102    7019102WN      PARKER           PAN AMERICAN                19980501
 7019318    7019318WN      THOMAS           PAN AMERICAN                19980701
 7019359    7019359WN      WEAVER           PAN AMERICAN                19980701
 7019375    7019375WN      WILKINS          PAN AMERICAN                19980601
 7023856    7023856WN      WOODARD          PARKWAY                     19980504
 7025208    7025208WN      CORIA            PAN AMERICAN                19980601
 7025273    7025273WN      TWISDALE         PAN AMERICAN                19980701
 7025315    7025315WN      GLOVER           PAN AMERICAN                19980601
 7025950    7025950WN      IZZOLO           PAN AMERICAN                19980701
 7026032    7026032WN      LAYNE            PAN AMERICAN                19980701
 7045917    7045917WN      GUTIERREZ        PARKWAY MORTGAGE            19980622
                                             
                                  Page 9 of 17

<PAGE>

AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
Loan Schedule: 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>
 7046139      7046139WN      RESENDE        75 CONDOR STREET          EAST BOSTON          MA          2128    SFR         20280114
 7046188      7046188WN      MYERS          1010 RICHARDS ROAD        DUBUQUE              IA         52003    SFR         20280116
 7055650      7055650WN      LAZZARA        2237 N. NEVA ST.          CHICAGO              IL         60606    SFR         20280112
 7055775      7055775WN      LEONI          3845 HERSHMAN DRIVE       FORT WAYNE           IN         46897    SFR         20280202
 7055890      7055890WN      COLLIE         2430 JACKSON RD           OVERPECK             OH         45055    SFR         20280203
 7055916      7055916WN      MCCRAVEN       906 NORTH MONTICELLO      CHICAGO              IL         60651    2-4 UNITS   20280206
 7056062      7056062WN      MCCALL         310 DENVER STREET         WATERLOO             IA         50701    SFR         20230211
 7056278      7056278WN      RIGLER         135 TIMBER LANE           HANOVER              PA         17331    SFR         20280220
 7056831      7056831WN      VAAL           116 MOUND STREET          MILFORD              OH         45150    SFR         20280303
 7056864      7056864WN      MITCHELL       4118 EASTWELL PLACE       WINSTON SALEM        NC         27106    SFR         20280304
 7039811      7039811WN      SILVA          605 LAYFAYETTE DRIVE      EL PASO              TX         79915    SFR         20271201
 7032766      7032766WN      SWEETER        5460 EAST HORSESHOE WAY   FLAGSTAFF            AZ         86004    MANUFD HOME 20271001
 7030786      7030786WN      FINLEY         8922 EAST 159TH STREET    PUYALLUP             WA         98373    SFR         20271201
 7101363      7101363WN      ANDREWS        29239 NORTH 43RD ST       CAVE CREEK           AZ         85331    SFR         20280201
 7101892      7101892WN      ANDERSON       13412 IRONTON DRIVE       TAMPA                FL         33626    PUD         20280301
 7102288      7102288WN      MCKEE          4412 KENFIELD ROAD        COLUMBUS             OH         43224    SFR         20280301
 7102379      7102379WN      LONG           376 EAST FOURTH STREET    CHILLICOTHE          OH         45601    SFR         20280301
 7027121      7027121WN      ANYASO         2426 BRUSH HOLLOW ROAD    HOUSTON              TX         77067    PUD         20271001
 7035645      7035645WN      DONACHY        4922 OREGON TRAIL         AMARILLO             TX         79109    SFR         20271001
 7037773      7037773WN      WERRE          1111 BRIARWOOD DR         NAMPA                ID         83651    SFR         20271201
 7040306      7040306WN      JACKSON        2107 MILAN ST             NEW ORLEANS          LA         70115    SFR         20271201
 7040538      7040538WN      POSPISIL       711 8TH AVENUE            WORTHINGTON          MN         56187    SFR         20271101
 7041130      7041130WN      MITCHELL       183 CASTLE DRIVE          EDGARD               LA         70049    SFR         20271201
 7041353      7041353WN      HONEYWELL      1604 SOUTH LAUREL AVENUE  BROKEN ARROW         OK         74012    SFR         20271201
 7041601      7041601WN      BRADLEY        25478 HILL ROAD           PASS CHRISTIAN       MS         39571    SFR         20271201
 7042336      7042336WN      EASLEY         945 VALLECITO DRIVE       VENTURA              CA         93001    CONDO       20271201
 7042666      7042666WN      BOGUE          3393 S. FLORENCE COURT    DENVER               CO         80231    SFR         20271201
 7043144      7043144WN      GEORGE         8354 ELATI STREET         DENVER               CO         80221    SFR         20271201
 7027287      7027287WN      SANTANA        9108 SOUTH INGRAM DRIVE   WEST JORDAN          UT         84088    SFR         20271201
 7027352      7027352WN      COYER          13210 PRESSMONT LANE      FAIRFAX              VA         22033    SFR         20271001
 7028244      7028244WN      BUFFHAM        5907 CARLSON ST           SHOREVIEW            MN         55126    SFR         20280201
 7024367      7024367WN      HAMEL          1529 CHUTNEY COURT        COLORADO SPRINGS     CO         80907    SFR         20280301
 7016082      7016082WN      MCKEAN         5508 SOUTH 5180 WEST      SALT LAKE CITY       UT         84118    SFR         20280201
 7016686      7016686WN      ROSE           6805 57TH COURT SOUTHEAST LACEY                WA         98513    SFR         20280101
10090090      10090090WN     FOBES          10324 WEST HARNESS D      BOISE                ID         83709    SFR         20280301
10049963      10049963WN     PETTERSEN      615 SOUTH 137TH PALC      SEATTLE              WA         98168    SFR         20280201
 7043698      7043698WN      DEAN           1141 BUSSE                MT PROSPECT          IL         60016    SFR         20271202
 7115561      7115561WN      BARNHARDT SR.  3259 FLATS ROAD           PIFFARD              NY         14533    SFR         20280316
 7026008      7026008WN      KOHLER         3701 CRESTVIEW DRIVE WEST TACOMA               WA         98466    SFR         20280201
 7028046      7028046WN      BROWN          2205 FIERO DR             LAS VEGAS            NV         89134    PUD         20270401
 7019367      7019367WN      WEDERTZ        915 I STREET              PETALUMA             CA         94952    SFR         20280201
 7040041      7040041WN      LEETE          233 HILLCREST DRIVE       HAMILTON             MT         59840    SFR         20271201
 7025216      7025216WN      GEORGE         3484 BRAMBLEVINE CIRCLE   LITHONIA             GA         30038    SFR         20280201
 7031941      7031941WN      SCHREDER       8770 TOWN HALL ROAD       SAUK RAPIDS          MN         56379    SFR         20270901
 7055791      7055791WN      SWYERS         49 DEVONWOOD AVENUE SW    CEDAR RAPIDS         IA         52404    SFR         20280204
 7040322      7040322WN      FOLEY          63 KUBLER STREET          CRESTED BUTTE SOUTH  CO         81224    SFR         20271201
 7024664      7024664WN      PELLEGRINI     1014 COLE AVENUE          SNOHOMISH            WA         98290    SFR         20280301
 7119951      7119951WN      SLUSSER        1901 WAGNER AVENUE        FARMINGTON           NM         87401    SFR         20280501
 7014814      7014814WN      KANAZAWA       3407 PEARL STREET         SANTA MONICA         CA         90405    SFR         20280201
 7056534      7056534WN      LENIK          344 NORTH KEMP STREET     KUTZTOWN             PA         19530    SFR         20280226
 7016652      7016652WN      LEE            2298 ALCALDE STREET       SANTA CLARA          CA         95054    PUD         20280101
 7024300      7024300WN      GARCIA         17128 EAST JEFFERSON AVE. AURORA               CO         80013    SFR         20280201
 7006356      7006356WN      SULLIVAN       3475 OAK VALLEY ROAD      ATLANTA              GA         30326    2-4 UNITS   20271101
 7011513      7011513WN      CARLSON        1440 BAVARIAN SHORES      CHASKA               MN         55318    SFR         20271201
 7035751      7035751WN      PASCAVIS       20 IOWA STREET            JOLIET               IL         60433    SFR         20271101
 7118607      7118607WN      ARRIVAS        315 MILDRED AVENUE        PITTSBURG            CA         94565    SFR         20280401
 7118854      7118854WN      BALUYOT        7824 WHITSETT AVENUE      NORTH HOLLYWOOD      CA         91606    SFR         20280401
 7118706      7118706WN      HUBER          6505 GREEN VALLEY CIRCLE  CULVER CITY          CA         90230    CONDO       20280401
 7101017      7101017WN      LOWE           10198 SOUTHWEST RIGGS ROADPOWELL BUTTE         OR         97753    SFR         20280301
 7118920      7118920WN      MACIAS         1216 WEST SHARON ROAD     SANTA ANA            CA         92706    SFR         20280401
 7118698      7118698WN      KRAMER         1645 - 1647 WEST 37TH ST  LOS ANGELES          CA         90018    2-4 UNITS   20280401
 7116593      7116593WN      PARECKI        16-2065 LAUHALA STREET    PAHOA                HI         96778    SFR         20280401
 7100456      7100456WN      BENDER         11600 DILLING STREET      STUDIO CITY AREA     CA         91604    SFR         20280301
 7116908      7116908WN      WARNER         1137 GOLDEN ROD CIRCLE    ST. GEORGE           UT         84790    SFR         20280301
 7116825      7116825WN      ROBINSON       815 AILEEN STREET         OAKLAND              CA         94608    SFR         20280301
 7118474      7118474WN      ROBERTS        3151 HIGH STREET          EUREKA               CA         95503    SFR         20280401
 7037989      7037989WN      BARRON         703 NORTH PONCA STREET    DEWEY                OK         74029    SFR         20271201
 7102825      7102825WN      PALMA          7 OSO PLACE               JEMEZ SPRINGS        NM         87025    SFR         20280301
 7118409      7118409WN      GOFFER         115 MILLER RD             CLARKS SUMMIT        PA         18411    SFR         20280225
 7118839      7118839WN      MORGAN         8605 DON CAROL DRIVE      EL CERRITO           CA         94530    SFR         20280401
 7118425      7118425WN      FATTAH         209 LEYSWOOD DR           GREENVILLE           SC         29615    SFR         20280401
 7118797      7118797WN      PEREZ          1665 ARBOR DRIVE          GLENDALE             CA         91202    SFR         20280401
<CAPTION>
                                           6/1/1998
  Servicer    AMRESCO       Last          * Scheduled  Current      Current          Occupancy     Original                  
Loan Number Loan Number     Name            Balance     Rate      P&I Payment   LTV   Status        Term        Servicer     
- ----------- -----------     ----          -----------   ----      ------------  ----  ------        ----        --------     
<S>         <C>            <C>              <C>         <C>         <C>          <C>  <C>           <C>         <C>          
 7046139    7046139WN      RESENDE          131519.24    10.04       1160.1      85   OWNER         360         WENDOVER     
 7046188    7046188WN      MYERS            127328.98     9.99      1117.96      85   OWNER         360         WENDOVER     
 7055650    7055650WN      LAZZARA          114589.37    11.15      1105.82      85   OWNER         360         WENDOVER     
 7055775    7055775WN      LEONI             98420.06      8.9       786.28      85   OWNER         360         WENDOVER     
 7055890    7055890WN      COLLIE            32164.97    11.09        309.8      85   OWNER         360         WENDOVER     
 7055916    7055916WN      MCCRAVEN          76338.57      7.8       550.71      85   OWNER         360         WENDOVER     
 7056062    7056062WN      MCCALL            42416.21    10.85       411.95      85   OWNER         300         WENDOVER     
 7056278    7056278WN      RIGLER           159611.89     10.6      1473.72      85   OWNER         360         WENDOVER     
 7056831    7056831WN      VAAL             174077.54     9.49      1463.92      85   OWNER         360         WENDOVER     
 7056864    7056864WN      MITCHELL           53079.7    11.35       520.03      85   OWNER         360         WENDOVER     
 7039811    7039811WN      SILVA             57891.37   11.125       557.98      85   OWNER         360         WENDOVER     
 7032766    7032766WN      SWEETER          118603.88     10.5      1088.54      85   OWNER         360         WENDOVER     
 7030786    7030786WN      FINLEY           111844.15     9.25       923.05      85   OWNER         360         WENDOVER     
 7101363    7101363WN      ANDREWS          210451.28   10.375       1908.6      85   OWNER         360         WENDOVER     
 7101892    7101892WN      ANDERSON          110401.5   11.875         1126      85   OWNER         360         WENDOVER     
 7102288    7102288WN      MCKEE              83179.3    9.625       708.05      85   OWNER         360         WENDOVER     
 7102379    7102379WN      LONG              50953.27    11.75        514.8      85   OWNER         360         WENDOVER     
 7027121    7027121WN      ANYASO            70358.93    11.38       691.93      85   OWNER         360         WENDOVER     
 7035645    7035645WN      DONACHY           56825.51    11.74       574.43      85   OWNER         360         WENDOVER     
 7037773    7037773WN      WERRE             72052.54     9.99       633.52      85   OWNER         360         WENDOVER     
 7040306    7040306WN      JACKSON          132293.66    10.75       1237.8      85   OWNER         360         WENDOVER     
 7040538    7040538WN      POSPISIL          60978.95    10.75        571.3      85   NON OWNER     360         WENDOVER     
 7041130    7041130WN      MITCHELL          89059.82   11.125       858.39      85   OWNER         360         WENDOVER     
 7041353    7041353WN      HONEYWELL         99155.82     9.75       854.43      85   OWNER         360         WENDOVER     
 7041601    7041601WN      BRADLEY           52576.26   10.675       488.98      85   OWNER         360         WENDOVER     
 7042336    7042336WN      EASLEY           157719.98    10.75      1475.84      85   OWNER         360         WENDOVER     
 7042666    7042666WN      BOGUE            131332.18     9.25      1083.88      85   OWNER         360         WENDOVER     
 7043144    7043144WN      GEORGE           102603.21   10.625       950.44      85   OWNER         360         WENDOVER     
 7027287    7027287WN      SANTANA          154851.38     9.75      1334.22      85   OWNER         360         WENDOVER     
 7027352    7027352WN      COYER            153245.48     9.63      1307.71      85   OWNER         360         WENDOVER     
 7028244    7028244WN      BUFFHAM           84878.41    11.05       812.69      85   OWNER         360         WENDOVER     
 7024367    7024367WN      HAMEL            142640.91      9.5      1205.37      85   OWNER         360         WENDOVER     
 7016082    7016082WN      MCKEAN            83591.43     11.5       828.88      85   OWNER         360         WENDOVER     
 7016686    7016686WN      ROSE             118610.19     10.5      1087.63      85   OWNER         360         WENDOVER     
10090090    10090090WN     FOBES            218453.43     8.25      1644.33      85   OWNER         360         WENDOVER     
10049963    10049963WN     PETTERSEN        129756.63      8.9      1037.07      85   OWNER         360         WENDOVER     
 7043698    7043698WN      DEAN             142537.87    10.95      1354.53      85   OWNER         360         WENDOVER     
 7115561    7115561WN      BARNHARDT SR.     86918.49     9.75       747.47      84   OWNER         360         WENDOVER     
 7026008    7026008WN      KOHLER           131684.87    8.625      1026.69      84   OWNER         360         WENDOVER     
 7028046    7028046WN      BROWN            282300.66    11.15      2785.02      83   OWNER         360         WENDOVER     
 7019367    7019367WN      WEDERTZ          380158.11        9      3065.62      83   OWNER         360         WENDOVER     
 7040041    7040041WN      LEETE             83067.31    10.99       792.19      83   OWNER         360         WENDOVER     
 7025216    7025216WN      GEORGE            63633.43     9.99       558.99      83   OWNER         360         WENDOVER     
 7031941    7031941WN      SCHREDER         112001.28     10.5      1028.81      82   OWNER         360         WENDOVER     
 7055791    7055791WN      SWYERS            65214.87      8.9       520.93      82   OWNER         360         WENDOVER     
 7040322    7040322WN      FOLEY            163554.55     9.99      1438.01      82   OWNER         360         WENDOVER     
 7024664    7024664WN      PELLEGRINI       120363.46      9.5      1017.44      82   OWNER         360         WENDOVER     
 7119951    7119951WN      SLUSSER           61963.05     8.58       480.25      81   OWNER         360         WENDOVER     
 7014814    7014814WN      KANAZAWA         351042.17      9.9      3063.08      81   OWNER         360         WENDOVER     
 7056534    7056534WN      LENIK            121196.09    10.45      1106.87      81   OWNER         360         WENDOVER     
 7016652    7016652WN      LEE              326609.84      9.5       2753.2      80   OWNER         360         WENDOVER     
 7024300    7024300WN      GARCIA            97273.34       11       929.47      80   OWNER         360         WENDOVER     
 7006356    7006356WN      SULLIVAN         351005.39    10.55      3233.05      80   OWNER         360         WENDOVER     
 7011513    7011513WN      CARLSON          338919.55     9.24      2794.64      80   OWNER         360         WENDOVER     
 7035751    7035751WN      PASCAVIS          30872.63   11.125       297.68      80   NON OWNER     360         WENDOVER     
 7118607    7118607WN      ARRIVAS           81534.86     10.5       746.43      80   OWNER         360         WENDOVER     
 7118854    7118854WN      BALUYOT          113509.33     10.5      1039.14      80   OWNER         360         WENDOVER     
 7118706    7118706WN      HUBER             69619.65    10.12       617.68      80   OWNER         360         WENDOVER     
 7101017    7101017WN      LOWE              226120.3   10.375      2049.85      80   OWNER         360         WENDOVER     
 7118920    7118920WN      MACIAS           302044.96     8.67      2361.72      80   OWNER         360         WENDOVER     
 7118698    7118698WN      KRAMER           180196.76     8.87       1434.7      80   NON OWNER     360         WENDOVER     
 7116593    7116593WN      PARECKI           51940.19     8.77       409.83      80   OWNER         360         WENDOVER     
 7100456    7100456WN      BENDER           471317.06     9.75      4055.21      80   OWNER         360         WENDOVER     
 7116908    7116908WN      WARNER            271616.2     9.75       2336.9      80   OWNER         360         WENDOVER     
 7116825    7116825WN      ROBINSON         117348.64        9       946.24      80   OWNER         360         WENDOVER     
 7118474    7118474WN      ROBERTS           61532.03     8.97       494.32      80   OWNER         360         WENDOVER     
 7037989    7037989WN      BARRON            42242.91     9.99       371.78      80   OWNER         360         WENDOVER     
 7102825    7102825WN      PALMA            167750.12      9.5      1412.64      80   OWNER         360         WENDOVER     
 7118409    7118409WN      GOFFER            163650.5     7.75      1174.92      80   OWNER         360         WENDOVER     
 7118839    7118839WN      MORGAN           351653.82     9.52      2964.94      80   OWNER         360         WENDOVER     
 7118425    7118425WN      FATTAH            99093.45      9.1       805.34      80   NON OWNER     360         WENDOVER     
 7118797    7118797WN      PEREZ             286879.8     8.92      2294.36      80   OWNER         360         WENDOVER     
</TABLE>           

  Servicer    AMRESCO       Last                                          Due   
Loan Number Loan Number     Name               Originator                 Date  
- ----------- -----------     ----               ----------                 ----  
 7046139    7046139WN      RESENDE          PARKWAY MORTGAGE            19980714
 7046188    7046188WN      MYERS            PARKWAY MORTGAGE            19980616
 7055650    7055650WN      LAZZARA          PARKWAY MORTGAGE            19980712
 7055775    7055775WN      LEONI            PARKWAY MORTGAGE            19980602
 7055890    7055890WN      COLLIE           PARKWAY MORTGAGE            19980705
 7055916    7055916WN      MCCRAVEN         PARKWAY MORTGAGE            19980506
 7056062    7056062WN      MCCALL           PARKWAY MORTGAGE            19980611
 7056278    7056278WN      RIGLER           PARKWAY MORTGAGE            19980620
 7056831    7056831WN      VAAL             PARKWAY MORTGAGE            19980603
 7056864    7056864WN      MITCHELL         PARKWAY MORTGAGE            19980604
 7039811    7039811WN      SILVA            WMC                         19980601
 7032766    7032766WN      SWEETER          WMC                         19980601
 7030786    7030786WN      FINLEY           WMC                         19980601
 7101363    7101363WN      ANDREWS          PAN AMERICAN                19980601
 7101892    7101892WN      ANDERSON         PAN AMERICAN                19980501
 7102288    7102288WN      MCKEE            PAN AMERICAN                19980601
 7102379    7102379WN      LONG             PAN AMERICAN                19980601
 7027121    7027121WN      ANYASO           AAMES                       19980601
 7035645    7035645WN      DONACHY          WMC                         19980701
 7037773    7037773WN      WERRE            WMC                         19980601
 7040306    7040306WN      JACKSON          WMC                         19980601
 7040538    7040538WN      POSPISIL         WMC                         19980601
 7041130    7041130WN      MITCHELL         WMC                         19980501
 7041353    7041353WN      HONEYWELL        WMC                         19980601
 7041601    7041601WN      BRADLEY          WMC                         19980601
 7042336    7042336WN      EASLEY           WMC                         19980701
 7042666    7042666WN      BOGUE            WMC                         19980701
 7043144    7043144WN      GEORGE           WMC                         19980601
 7027287    7027287WN      SANTANA          AAMES                       19980701
 7027352    7027352WN      COYER            AAMES                       19980501
 7028244    7028244WN      BUFFHAM          BNC                         19980501
 7024367    7024367WN      HAMEL            PAN AMERICAN                19980701
 7016082    7016082WN      MCKEAN           PAN AMERICAN                19980601
 7016686    7016686WN      ROSE             PAN AMERICAN                19980601
10090090    10090090WN     FOBES            AMERICREDIT CORP            19980701
10049963    10049963WN     PETTERSEN        AMERICREDIT CORP            19980601
 7043698    7043698WN      DEAN             PARKWAY MORTGAGE            19980702
 7115561    7115561WN      BARNHARDT SR.    PARKWAY                     19980616
 7026008    7026008WN      KOHLER           PAN AMERICAN                19980701
 7028046    7028046WN      BROWN            BNC                         19980501
 7019367    7019367WN      WEDERTZ          PAN AMERICAN                19980701
 7040041    7040041WN      LEETE            WMC                         19980601
 7025216    7025216WN      GEORGE           PAN AMERICAN                19980501
 7031941    7031941WN      SCHREDER         WMC                         19980601
 7055791    7055791WN      SWYERS           PARKWAY MORTGAGE            19980804
 7040322    7040322WN      FOLEY            WMC                         19980701
 7024664    7024664WN      PELLEGRINI       PAN AMERICAN                19980701
 7119951    7119951WN      SLUSSER          ALTERNATIVE LENDING         19980601
 7014814    7014814WN      KANAZAWA         EVEREST                     19980701
 7056534    7056534WN      LENIK            PARKWAY MORTGAGE            19980526
 7016652    7016652WN      LEE              PAN AMERICAN                19980801
 7024300    7024300WN      GARCIA           PAN AMERICAN                19980701
 7006356    7006356WN      SULLIVAN         NATIONAL MORTGAGE           19980701
 7011513    7011513WN      CARLSON          MLSG, INC.                  19980701
 7035751    7035751WN      PASCAVIS         WMC                         19980701
 7118607    7118607WN      ARRIVAS          CHADWICK MORTGAGE           19980701
 7118854    7118854WN      BALUYOT          CHADWICK MORTGAGE           19980701
 7118706    7118706WN      HUBER            CHADWICK MORTGAGE           19980701
 7101017    7101017WN      LOWE             PAN AMERICAN                19980501
 7118920    7118920WN      MACIAS           CHADWICK MORTGAGE           19980701
 7118698    7118698WN      KRAMER           CHADWICK MORTGAGE           19980501
 7116593    7116593WN      PARECKI          CHAMPION MORTGAGE           19980601
 7100456    7100456WN      BENDER           PAN AMERICAN                19980601
 7116908    7116908WN      WARNER           STANDARD FINANCIAL          19980501
 7116825    7116825WN      ROBINSON         STANDARD FINANCIAL          19980701
 7118474    7118474WN      ROBERTS          CHADWICK MORTGAGE           19980701
 7037989    7037989WN      BARRON           WMC                         19980701
 7102825    7102825WN      PALMA            PAN AMERICAN                19980601
 7118409    7118409WN      GOFFER           MLN                         19980625
 7118839    7118839WN      MORGAN           CHADWICK MORTGAGE           19980701
 7118425    7118425WN      FATTAH           MLN                         19980701
 7118797    7118797WN      PEREZ            CHADWICK MORTGAGE           19980801

                                  Page 10 of 17

<PAGE>

AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
Loan Schedule: 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>
 7115512      7115512WN      LACKEY         2103 WEST C ST                 KANNAPOLIS          NC      28081    SFR         20280309
 7035462      7035462WN      SMITH          3140 N. WILLIS BOULEVARD       PORTLAND            OR      97217    SFR         20271001
10038040      10038040WN     ROBINSON       30999 BRANDYWINE               GOBLES              MI      49055    SFR         20280401
 7116064      7116064WN      VASCO          228 SARATOGA STREET            EAST BOSTON         MA       2128    2-4 UNITS   20280304
10037752      10037752WN     DILL           138 VILLA AVENUE               SAN RAFAEL          CA      94901    SFR         20280401
10090595      10090595WN     BUCKALEW       2216 CROSS TIMBERS D           MESQUITE            TX      75181    SFR         20280401
 7039043      7039043WN      LUNA           1611 TACOMA AVENUE             BRIDGEPORT          WA      98813    SFR         20271201
 7024409      7024409WN      HEPLER         1228 EAST 50 NORTH             HEBER               UT      84032    SFR         20280201
 7115728      7115728WN      MARTIN         5004 WINCHESTER STREET         CHARLOTTE           NC      28208    SFR         20280310
 7033467      7033467WN      KHALSA         SHADY LANE                     ESPANOLA            NM      87532    SFR         20271201
 7034358      7034358WN      MULWA          1622 NORTH 11TH AVENUE         NASHVILLE           TN      37208    SFR         20271001
 7116049      7116049WN      ORNA           8 RIDGE ROAD                   MIDDLE SMITHFIELD   PA      18301    SFR         20280307
 7037088      7037088WN      GERARDO        973 VIA PUEBLA                 RIO RICO            AZ      85648    SFR         20271201
10089860      10089860WN     TATMAN         891 OLD CANYON ROAD            FREMONT             CA      94536    SFR         20280301
 7115215      7115215WN      PEAVY          29 WOODMONT DR                 MANSFIELD           CT       6250    SFR         20280226
 7037542      7037542WN      GREENE         53 FLORENCE AVENUE             ELLINGTON           CT       6029    SFR         20271201
10090546      10090546WN     LOCHNER        1117 VISTA HILL DRIV           CANONSBURG          PA      15317    SFR         20280401
 7028608      7028608WN      NEISEN         3706 MORRIS HILL ROAD          BOISE               ID      83706    SFR         20280201
 7037716      7037716WN      MARS           3827 TYLER AVENUE              EL PASO             TX      79930    2-4 UNITS   20271101
 7045842      7045842WN      WARE           1028 SOUTH 23RD AVENUE         BELLWOOD            IL      60104    SFR         20280105
 7033525      7033525WN      SANDY          7716 EAST THELMA DRIVE         PRESCOTT VALLEY     AZ      86314    MANUFD HOME 20271201
 7035538      7035538WN      SMITH          9517 NOTHEAST GERTZ CIRCLE     PORTLAND            OR      97211    SFR         20271001
 7030257      7030257WN      GARCIA         1710 GOLF COURSE ROAD          BELEN               NM      87002    SFR         20271201
 7031511      7031511WN      FINLAY         9673 OUTLOOK DRIVE             OVERLAND PARK       KS      66207    CONDO       20271201
 7031073      7031073WN      HILGER         774 ROSELAWN AVENUE EAST       MAPLEWOOD           MN      55117    SFR         20271001
 7039241      7039241WN      HIGASHIYAMA    8594 ROAD R NW                 QUINCY              WA      98848    SFR         20271201
 7030109      7030109WN      RICHERT        7200 WEST 83RD STREET          OVERLAND PARK       KS      66204    SFR         20271201
 7030364      7030364WN      BRITTON        3316 PARAGON DRIVE             LAS VEGAS           NV      89117    PUD         20271201
 7032881      7032881WN      BROWN          3693 5TH AVENUE                SACRAMENTO          CA      95820    SFR         20271001
 7031719      7031719WN      PHINNEY        801 MIDDLE ROAD                HILLTOWN TOWNSHIP   PA      18944    SFR         20271201
10090140      10090140WN     CHOCKLON       30047 196TH AVENUE S           KENT                WA      98042    MANUFD HOME 20280301
10089688      10089688WN     ESPIN          2012 SOUTHWEST 84TH            MIAMI               FL      33155    SFR         20280201
10089936      10089936WN     WEIR           1907 HILLSDALE AVENU           KALAMAZOO           MI      49006    SFR         20280401
10089613      10089613WN     CHRISTENSEN    6787 PASEO SAN LEON            PLEASANTON          CA      94566    SFR         20280401
 7015944      7015944WN      KINSEY         6622 ROYAL PALM BEACH BOULEVAR WEST PALM BEACH     FL      33412    SFR         20280201
 7014079      7014079WN      BALMAN                                        PALM DESERT         CA      92260    SFR         20280101
 7014723      7014723WN      DEGUZMAN       4234 SOLAR CIRCLE              UNION CITY          CA      94547    PUD         20280301
 7014947      7014947WN      ENGLAND        427 STARK ST.                  WOODBURN            OR      97071    SFR         20280201
 7043425      7043425WN      CREW           9407 QUEBEC STREET CLEVELAND   CLEVELAND           OH      44106    2-4 UNITS   20271125
 7043474      7043474WN      ROGOWSKI       4945 N. MERRIMAC CHICAGO       CHICAGO             IL      60630    SFR         20271126
 7044944      7044944WN      BANCHU         4413 S. ELLIS                  CHICAGO             IL      60653    SFR         20271120
 7116965      7116965WN      MACMURRAY      17622 COLLINS STREET           L. A. (ENCINO AREA) CA      91316    SFR         20280301
 7116957      7116957WN      AGUIRRE        11302 SOUTH SILVER RIDGE DRIVE SANDY               UT      84094    SFR         20280301
 7038896      7038896WN      ONAGA          855 NANA HONUA STREET          HONOLULU            HI      96825    SFR         20271201
 7032006      7032006WN      TRAN           1414-1416 VIRGINIA             SIOUX CITY          IA      51105    SFR         20271001
 7032378      7032378WN      FICKINGER      202 PEARL AVENUE               NEWPORT BEACH       CA      92662    SFR         20271101
 7035918      7035918WN      RIVARD         3655 PONDEROSA                 OKEMOS              MI      48864    SFR         20271201
 7117013      7117013WN      ROTHE          510 NORTH 1150 EAST            LEHI                UT      84043    SFR         20280401
 7116999      7116999WN      PAUL           4190 IRENE DRIVE               MARTINEZ            CA      94553    SFR         20280301
 7117542      7117542WN      SABAH          6328 18TH AVENUE NE            SEATTLE             WA      98115    SFR         20280301
 7117344      7117344WN      IRANINEJAD     19340 EAST BUCHANAN PL.        AURORA              CO      80011    SFR         20280401
 7117070      7117070WN      SALERNO        12 RUTAN ROAD                  BLOOMFIELD          NJ       7003    SFR         20271101
 7117252      7117252WN      JONES          1350 SW 10TH AVENUE            DEERFIELD BEACH     FL      33441    SFR         20280201
 7117591      7117591WN      ALHINO         5657 SHADOW RIDGE DRIVE        CASTRO VALLEY       CA      94552    SFR         20280401
 7117476      7117476WN      ENGELSTAD      1211 HIGH AVENUE               BREMERTON           WA      98337    SFR         20280301
 7015324      7015324WN      FOSTER         439 COTTONWOOD STREET          MIDVALE             UT      84047    SFR         20280301
 7039449      7039449WN      NEFF           4440 62ND STREET NORTH         ST PETERSBURG       FL      33709    SFR         20271201
 7031735      7031735WN      BELL           626 MCGLINCHEY AVENUE          MERIDIAN            ID      83642    SFR         20271001
 7015332      7015332WN      HARRINGTON     168 BERGWALL WAY               VALLEJO             CA      94591    SFR         20280301
 7015381      7015381WN      MCCANDLESS     14325 SOUTH 6025 WEST          HERMAN              UT      84065    SFR         20280201
 7122112      7122112WN      GARCIA         2431 TARTARIAN WAY             UNION CITY          CA      94587    SFR         20280501
 7024573      7024573WN      MERMAN         440 STEELE LANE                SANTA ROSA          CA      95403    SFR         20280301
 7024813      7024813WN      SCOTT          2450 VISTA LAGUNA TERRACE      PASADENA            CA      91103    SFR         20280201
 7016207      7016207WN      MCNAC          13663 OKTAHA ROAD              MUSKOGEE            OK      74401    MANUFD HOME 20280201
 7016389      7016389WN      BRADLEY        1411 FARMINGDALE AVENUE        CAPITAL HEIGHTS     MD      20743    SFR         20280101
 7016900      7016900WN      HALL           10949 BRIGHTSIDE DRIVE         TAMPA               FL      33624    PUD         20280101
 7016991      7016991WN      KAGAN          2108 MEMPHIS                   NORMAN              OK      73071    SFR         20280101
 7017171      7017171WN      NAYLOR         964 SOUTH 350 WEST             SALEM               UT      84653    SFR         20280101
 7018633      7018633WN      CORE           113 WEST TENNYS DRIVE          BENICIA             CA      94510    SFR         20280101
 7018914      7018914WN      JENNINGS       16000 BEALLE HILL RD           ACCOKEEK            MD      20607    SFR         20280101
 7019045      7019045WN      MCKINNEY       11661 ALTA MESA ROAD           GALT                CA      95632    SFR         20280101
 7019185      7019185WN      PYLE           7057 GRAY AVENUE               TAHOMA              CA      96142    SFR         20280201
<CAPTION>
                                            6/1/1998
  Servicer    AMRESCO       Last          * Scheduled  Current      Current          Occupancy     Original                  
Loan Number Loan Number     Name            Balance     Rate      P&I Payment   LTV   Status        Term        Servicer     
- ----------- -----------     ----          -----------   ----      ------------  ----  ------        ----        --------     
<S>         <C>            <C>              <C>         <C>         <C>          <C>  <C>           <C>         <C>          
 7115512    7115512WN      LACKEY            85509.95      9.2       701.12      80   OWNER         360         WENDOVER     
 7035462    7035462WN      SMITH             61375.04     9.99       540.13      80   NON OWNER     360         WENDOVER     
10038040    10038040WN     ROBINSON           99892.6      9.1       811.83      80   OWNER         360         WENDOVER     
 7116064    7116064WN      VASCO             63947.68    10.39       580.18      80   OWNER         360         WENDOVER     
10037752    10037752WN     DILL             176580.56      8.4      1346.93      80   OWNER         360         WENDOVER     
10090595    10090595WN     BUCKALEW         127126.68    11.99      1307.42      80   OWNER         360         WENDOVER     
 7039043    7039043WN      LUNA              39889.53     9.99       350.74      80   OWNER         360         WENDOVER     
 7024409    7024409WN      HEPLER           143012.56     9.75      1233.75      80   OWNER         360         WENDOVER     
 7115728    7115728WN      MARTIN            50763.59       11       483.79      80   OWNER         360         WENDOVER     
 7033467    7033467WN      KHALSA           125215.55    10.49      1147.98      80   OWNER         360         WENDOVER     
 7034358    7034358WN      MULWA             31268.38    10.25       293.93      80   OWNER         360         WENDOVER     
 7116049    7116049WN      ORNA             103933.92    11.55      1033.88      80   OWNER         360         WENDOVER     
 7037088    7037088WN      GERARDO           71794.25     9.75        618.6      80   OWNER         360         WENDOVER     
10089860    10089860WN     TATMAN           165231.24    7.875      1200.72      80   OWNER         360         WENDOVER     
 7115215    7115215WN      PEAVY            111851.68    10.05       987.03      80   OWNER         360         WENDOVER     
 7037542    7037542WN      GREENE            97427.79    11.99      1003.18      80   OWNER         360         WENDOVER     
10090546    10090546WN     LOCHNER          151529.65    10.45      1381.55      80   OWNER         360         WENDOVER     
 7028608    7028608WN      NEISEN            43905.76     9.15       358.79      80   OWNER         360         WENDOVER     
 7037716    7037716WN      MARS              46267.49     10.5       424.44      80   NON OWNER     360         WENDOVER     
 7045842    7045842WN      WARE             114229.48     9.49       961.11      80   OWNER         360         WENDOVER     
 7033525    7033525WN      SANDY             53070.29     10.5       486.65      80   OWNER         360         WENDOVER     
 7035538    7035538WN      SMITH             55795.46     9.99       491.03      80   NON OWNER     360         WENDOVER     
 7030257    7030257WN      GARCIA           107674.78      9.5       908.13      80   NON OWNER     360         WENDOVER     
 7031511    7031511WN      FINLAY            56266.12   10.625        521.2      80   OWNER         360         WENDOVER     
 7031073    7031073WN      HILGER            71676.25     8.99       578.82      80   OWNER         360         WENDOVER     
 7039241    7039241WN      HIGASHIYAMA      143649.01     10.5      1317.23      80   OWNER         360         WENDOVER     
 7030109    7030109WN      RICHERT          119619.41     9.25       987.22      80   OWNER         360         WENDOVER     
 7030364    7030364WN      BRITTON          100445.59     8.75          793      80   OWNER         360         WENDOVER     
 7032881    7032881WN      BROWN              51764.1     8.99       418.03      80   NON OWNER     360         WENDOVER     
 7031719    7031719WN      PHINNEY           311239.6     10.5      2853.99      80   OWNER         360         WENDOVER     
10090140    10090140WN     CHOCKLON         103807.68     8.45       795.99      80   OWNER         360         WENDOVER     
10089688    10089688WN     ESPIN              97399.5     9.35       810.01      80   OWNER         360         WENDOVER     
10089936    10089936WN     WEIR             100706.06    9.775       867.88      80   OWNER         360         WENDOVER     
10089613    10089613WN     CHRISTENSEN      369949.63      8.5      2848.06      80   OWNER         360         WENDOVER     
 7015944    7015944WN      KINSEY           171744.43   10.875      1621.78      80   OWNER         360         WENDOVER     
 7014079    7014079WN      BALMAN            78132.93     7.99       574.72      80   NON OWNER     360         WENDOVER     
 7014723    7014723WN      DEGUZMAN         111849.78     9.99       982.06      80   OWNER         360         WENDOVER     
 7014947    7014947WN      ENGLAND           74206.53    10.75       693.77      80   OWNER         360         WENDOVER     
 7043425    7043425WN      CREW              31929.75    10.99       304.51      80   OWNER         360         WENDOVER     
 7043474    7043474WN      ROGOWSKI         111752.12    10.95      1062.38      80   OWNER         360         WENDOVER     
 7044944    7044944WN      BANCHU           154133.12    10.75      1442.14      80   NON OWNER     360         WENDOVER     
 7116965    7116965WN      MACMURRAY         95056.92     9.45       797.02      80   OWNER         360         WENDOVER     
 7116957    7116957WN      AGUIRRE          131755.92     8.45      1010.29      80   OWNER         360         WENDOVER     
 7038896    7038896WN      ONAGA            646049.31      9.5      5448.74      80   OWNER         360         WENDOVER     
 7032006    7032006WN      TRAN              43847.86    10.25       394.29      80   OWNER         360         WENDOVER     
 7032378    7032378WN      FICKINGER        601756.78     9.25      4968.96      80   OWNER         360         WENDOVER     
 7035918    7035918WN      RIVARD           131761.13   11.875      1345.09      80   OWNER         360         WENDOVER     
 7117013    7117013WN      ROTHE            121490.81     9.95      1062.64      80   OWNER         360         WENDOVER     
 7116999    7116999WN      PAUL              74305.59    10.25        666.7      80   OWNER         360         WENDOVER     
 7117542    7117542WN      SABAH             158146.5     9.15      1291.66      80   NON OWNER     360         WENDOVER     
 7117344    7117344WN      IRANINEJAD        83894.67     8.35       636.98      80   OWNER         360         WENDOVER     
 7117070    7117070WN      SALERNO          113867.41     9.38       950.52      80   OWNER         360         WENDOVER     
 7117252    7117252WN      JONES             61090.36       10       537.07      80   OWNER         360         WENDOVER     
 7117591    7117591WN      ALHINO           275514.02     6.65      1771.82      80   OWNER         360         WENDOVER     
 7117476    7117476WN      ENGELSTAD         58177.98     8.25       438.74      80   OWNER         360         WENDOVER     
 7015324    7015324WN      FOSTER           102202.75     8.25        769.3      80   OWNER         360         WENDOVER     
 7039449    7039449WN      NEFF              67862.69   11.375       666.93      80   OWNER         360         WENDOVER     
 7031735    7031735WN      BELL              66144.99     9.75       570.48      80   OWNER         360         WENDOVER     
 7015332    7015332WN      HARRINGTON       114189.91      9.5        961.6      80   OWNER         360         WENDOVER     
 7015381    7015381WN      MCCANDLESS       195609.74      9.5      1648.08      80   OWNER         360         WENDOVER     
 7122112    7122112WN      GARCIA           235522.64     9.75         2027      80   OWNER         360         WENDOVER     
 7024573    7024573WN      MERMAN            143553.6    9.375      1197.72      80   OWNER         360         WENDOVER     
 7024813    7024813WN      SCOTT            365504.18    8.625      2862.27      80   OWNER         360         WENDOVER     
 7016207    7016207WN      MCNAC             59925.52    11.75       605.85      80   OWNER         360         WENDOVER     
 7016389    7016389WN      BRADLEY           83676.83    8.875       668.34      80   OWNER         360         WENDOVER     
 7016900    7016900WN      HALL              59857.62   10.625       554.46      80   OWNER         360         WENDOVER     
 7016991    7016991WN      KAGAN             39910.02   10.875       377.16      80   OWNER         360         WENDOVER     
 7017171    7017171WN      NAYLOR           259153.85    9.125      2115.45      80   OWNER         360         WENDOVER     
 7018633    7018633WN      CORE             175431.08     8.25      1322.23      80   OWNER         360         WENDOVER     
 7018914    7018914WN      JENNINGS         131660.99    9.375      1097.91      80   OWNER         360         WENDOVER     
 7019045    7019045WN      MCKINNEY         179523.28    9.875      1569.98      80   OWNER         360         WENDOVER     
 7019185    7019185WN      PYLE             129290.61    8.625      1008.02      80   OWNER         360         WENDOVER     
</TABLE>                       

  Servicer    AMRESCO       Last                                          Due   
Loan Number Loan Number     Name               Originator                 Date  
- ----------- -----------     ----               ----------                 ----  
 7115512    7115512WN      LACKEY           MLN                         19980609
 7035462    7035462WN      SMITH            WMC                         19980701
10038040    10038040WN     ROBINSON         MORTGAGE PLUS OF KAL        19980601
 7116064    7116064WN      VASCO            PARKWAY                     19980604
10037752    10037752WN     DILL             WAUSAU MORTGAGE CORP        19980601
10090595    10090595WN     BUCKALEW         THE MORTGAGE COMPANY        19980601
 7039043    7039043WN      LUNA             WMC                         19980501
 7024409    7024409WN      HEPLER           PAN AMERICAN                19980701
 7115728    7115728WN      MARTIN           PARKWAY                     19980510
 7033467    7033467WN      KHALSA           WMC                         19980601
 7034358    7034358WN      MULWA            WMC                         19980701
 7116049    7116049WN      ORNA             PARKWAY                     19980607
 7037088    7037088WN      GERARDO          WMC                         19980601
10089860    10089860WN     TATMAN           MLSG INC                    19980601
 7115215    7115215WN      PEAVY            MLN                         19980526
 7037542    7037542WN      GREENE           WMC                         19980701
10090546    10090546WN     LOCHNER          WELLFLEET NATIONAL M        19980601
 7028608    7028608WN      NEISEN           BNC                         19980601
 7037716    7037716WN      MARS             WMC                         19980601
 7045842    7045842WN      WARE             PARKWAY MORTGAGE            19980705
 7033525    7033525WN      SANDY            WMC                         19980601
 7035538    7035538WN      SMITH            WMC                         19980701
 7030257    7030257WN      GARCIA           WMC                         19980601
 7031511    7031511WN      FINLAY           WMC                         19980701
 7031073    7031073WN      HILGER           WMC                         19980701
 7039241    7039241WN      HIGASHIYAMA      WMC                         19980601
 7030109    7030109WN      RICHERT          WMC                         19980701
 7030364    7030364WN      BRITTON          WMC                         19980701
 7032881    7032881WN      BROWN            WMC                         19980701
 7031719    7031719WN      PHINNEY          WMC                         19980701
10090140    10090140WN     CHOCKLON         AMERICREDIT CORP            19980601
10089688    10089688WN     ESPIN            AMERICREDIT CORP            19980601
10089936    10089936WN     WEIR             MORTGAGE PLUS OF KAL        19980601
10089613    10089613WN     CHRISTENSEN      AMERICREDIT CORP            19980601
 7015944    7015944WN      KINSEY           PAN AMERICAN                19980601
 7014079    7014079WN      BALMAN           TITLE WEST                  19980701
 7014723    7014723WN      DEGUZMAN         ALTERNATIVE LENDING         19980701
 7014947    7014947WN      ENGLAND          EVEREST                     19980701
 7043425    7043425WN      CREW             PARKWAY MORTGAGE            19980525
 7043474    7043474WN      ROGOWSKI         PARKWAY MORTGAGE            19980526
 7044944    7044944WN      BANCHU           PARKWAY MORTGAGE            19980620
 7116965    7116965WN      MACMURRAY        STANDARD FINANCIAL          19980601
 7116957    7116957WN      AGUIRRE          STANDARD FINANCIAL          19980601
 7038896    7038896WN      ONAGA            WMC                         19980701
 7032006    7032006WN      TRAN             WMC                         19980501
 7032378    7032378WN      FICKINGER        WMC                         19980601
 7035918    7035918WN      RIVARD           WMC                         19980701
 7117013    7117013WN      ROTHE            STANDARD FINANCIAL          19980701
 7116999    7116999WN      PAUL             STANDARD FINANCIAL          19980601
 7117542    7117542WN      SABAH            STANDARD FINANCIAL          19980701
 7117344    7117344WN      IRANINEJAD       STANDARD FINANCIAL          19980701
 7117070    7117070WN      SALERNO          STANDARD FINANCIAL          19980601
 7117252    7117252WN      JONES            STANDARD FINANCIAL          19980601
 7117591    7117591WN      ALHINO           STANDARD FINANCIAL          19980701
 7117476    7117476WN      ENGELSTAD        STANDARD FINANCIAL          19980701
 7015324    7015324WN      FOSTER           EVEREST MORTGAGE            19980701
 7039449    7039449WN      NEFF             WMC                         19980701
 7031735    7031735WN      BELL             WMC                         19980601
 7015332    7015332WN      HARRINGTON       EVEREST MORTGAGE            19980701
 7015381    7015381WN      MCCANDLESS       EVEREST MORTGAGE            19980601
 7122112    7122112WN      GARCIA           EVEREST MORTGAGE            19980701
 7024573    7024573WN      MERMAN           PAN AMERICAN                19980701
 7024813    7024813WN      SCOTT            PAN AMERICAN                19980601
 7016207    7016207WN      MCNAC            PAN AMERICAN                19980601
 7016389    7016389WN      BRADLEY          PAN AMERICAN                19980601
 7016900    7016900WN      HALL             PAN AMERICAN                19980501
 7016991    7016991WN      KAGAN            PAN AMERICAN                19980601
 7017171    7017171WN      NAYLOR           PAN AMERICAN                19980701
 7018633    7018633WN      CORE             PAN AMERICAN                19980701
 7018914    7018914WN      JENNINGS         PAN AMERICAN                19980701
 7019045    7019045WN      MCKINNEY         PAN AMERICAN                19980701
 7019185    7019185WN      PYLE             PAN AMERICAN                19980701
                                            
                                 Page 11 of 17

<PAGE>

AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
Loan Schedule: 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>
 7019284      7019284WN      STEEL          2521 GRAND AVENUE              EVERETT             WA      98201    SFR         20280201
 7019300      7019300WN      SUSZKO         2708 SW 42ND LANE              CAPE CORAL          FL      33914    SFR         20280201
 7019342      7019342WN      WALKER         7928 SHERIFF ROAD              LANDOVER            MD      20785    SFR         20280201
 7019409      7019409WN      WOODS          20080 HILLCREST DRIVE          EUCLID              OH      44117    SFR         20280101
 7023815      7023815WN      SNIPES         1165 S. 4TH STREET AURORA      AURORA              IL      60505    SFR         20280204
 7025406      7025406WN      MAALIZADEH     5624 MERRY MOUNT DRIVE         CHARLOTTE           NC      28226    SFR         20280201
 7025422      7025422WN      FERRELL        8851 TAMEBIRD COURT            COLUMBIA            MD      21045    CONDO       20280201
 7025448      7025448WN      JACKSON        772 NORTH 300 WEST             LEHI                UT      84043    SFR         20280201
 7025638      7025638WN      WILLIAMS       161 EAST 25TH STREET           PATERSON            NJ       7514    SFR         20280201
 7025919      7025919WN      HOOKER         25141 SANDIA COURT             LAGUNA HILLS        CA      92653    SFR         20280201
 7025927      7025927WN      HULL           420 NAUGLE AVENUE              PATAGONIA           AZ      85624    SFR         20280201
 7026081      7026081WN      MURPHY         1009 WEST COURT                ENUMCLAW            WA      98022    SFR         20280201
 7026115      7026115WN      ROBERTSON      2707 SOUTH 13TH STREET         TACOMA              WA      98405    SFR         20280201
 7026123      7026123WN      SERGEANT       4320 SOUTH 376TH STREET        AUBURN              WA      98001    SFR         20280201
 7046311      7046311WN      BREW           11829 STAGECOACH               ORLAND PARK         IL      60467    SFR         20280121
 7046428      7046428WN      HOWARD         4427 BROMYARD AVE              CINCINATTI          OH      45241    SFR         20280126
 7046444      7046444WN      EDWARDS        6 HOLLAND STREET               DARTMOUTH           MA       2748    SFR         20280127
 7055759      7055759WN      WRIGHT         3220 FISH AVENUE               BRONX               NY      10469    2-4 UNITS   20280201
 7055908      7055908WN      WARRICK        13775 BUTLER CONQUEST RD       BUTLER              NY      13146    SFR         20280205
 7056096      7056096WN      CATANHO        22 DARLING STREET              ACUSHNET            MA       2743    SFR         20280211
 7056104      7056104WN      HASKINS        271 FOREST AVENUE              ENGLEWOOD           NJ       7631    SFR         20280213
 7056112      7056112WN      LAPINE         5555 WEST 1375 SOUTH           HANNA               IN      46340    SFR         20280214
 7056500      7056500WN      SANDERS        7920 S. MOZART                 CHICAGO             IL      60629    SFR         20280223
 7056674      7056674WN      SCHOEPFLE      410 POPLAR ROAD                BANNER ELK          NC      28604    SFR         20280201
 7056740      7056740WN      DORA           217 WINDSOR AVENUE             HOPATCONG           NJ       7843    SFR         20280302
 7056906      7056906WN      PIKE           47 HOLWORTHY STREET            ROCHESTER           NY      14606    SFR         20280305
 7041155      7041155WN      TERRANCE       8520 BAYOU RUN                 NEW ROADS           LA      70760    SFR         20271201
 7041262      7041262WN      TATUM          2011 GOLDEN VALLEY ROAD        MINNEAPOLIS         MN      55412    SFR         20271201
 7102981      7102981WN      PATTON         801 AILEEN STREET              OAKLAND             CA      94608    SFR         20280301
 7101330      7101330WN      FOECHTERLE     2590 DRIFTWOOD LANE            PUEBLO              CO      81005    SFR         20280301
 7101561      7101561WN      GREER          631 H STREET N.E.              MIAMI               OK      74354    SFR         20280301
 7101884      7101884WN      AGRUSA         977 LAUREL ROAD                NORTH PALM BEACH    FL      33408    SFR         20280301
 7101983      7101983WN      CHATTERTON     10924 BRIGHTSIDE DRIVE         TAMPA               FL      33624    SFR         20280301
 7102064      7102064WN      SZYMONIAK      12433 WASATCH COURT            NEW PORT RICHEY     FL      34654    SFR         20280301
 7102494      7102494WN      FIGUEROA       3410 LOOSMORE STREET           LOS ANGELES         CA      90065    SFR         20280201
 7027089      7027089WN      RICHARDSON     2063 PONDEROSA COURT           BELLINGHAM          WA      98226    SFR         20271201
 7027097      7027097WN      RODRIGUEZ      114-116 S.W. 20TH AVENUE       FT. LAUDERDALE      FL      33312    2-4 UNITS   20271201
 7035033      7035033WN      HIRCHERT       709 FARLOW STREET              RAPID CITY          SD      57701    SFR         20271201
 7036700      7036700WN      BURNETT        42-44 PALM DRIVE               GREEENLAND          NH       3840    2-4 UNITS   20271201
 7036973      7036973WN      RUSK           421 N NETTLETON                BONNER SPRINGS      KS      66012    SFR         20271201
 7038326      7038326WN      IRONS          1938 LEXINGTON PARK AVENUE W   BALTIMORE           MD      21223    TOWNHOUSE   20271201
 7039167      7039167WN      HAMMER         255 LOWER PINE COURT           STAR PRAIRIE        WI      54026    SFR         20271201
 7039951      7039951WN      NOHNER         32038 125TH AVE                ONAMIA              MN      56359    SFR         20271201
 7040009      7040009WN      WASH SR.       220 CENTER STREET              ENTERPRISE          MS      39330    SFR         20271201
 7040058      7040058WN      DAVIS          2411 ILION AVENUE              MINNEAPOLIS         MN      55411    2-4 UNITS   20271101
 7040207      7040207WN      SIMPSON        4246-48 BOTANICAL AVENUE       ST LOUIS            MO      63110    2-4 UNITS   20271201
 7041247      7041247WN      NELSON         619 GRIGGS STREET SOUTH        ST PAUL             MN      55116    SFR         20271201
 7041387      7041387WN      WOODCOX        644 E 109TH                    KANSAS CITY         MO      64131    SFR         20271201
 7041528      7041528WN      SARKISSIAN     9681 VIA TORINO                BURBANK             CA      91504    CONDO       20271201
 7042278      7042278WN      VAZQUEZ        2851 CALLE QUEBRACHO           THOUSAND OAKS       CA      91360    SFR         20271201
 7042369      7042369WN      AVALOS         706 WEST COLUMBIA TERRACE      PEORIA              IL      61606    SFR         20271201
 7042674      7042674WN      HELMS          1451 COUNTY ROAD 360           ENTERPRISE          MS      39330    SFR         20271201
 7042732      7042732WN      WHITLATCH      3880 PLATEAU PLACE             CASPER              WY      82604    SFR         20271201
 7043078      7043078WN      MURPHY         4513 EAST WOODLAND DRIVE       PHOENIX             AZ      85044    SFR         20271201
 7027030      7027030WN      PALOMERA       18902 ROSS ROAD                BOTHELL             WA      98011    SFR         20271201
 7027295      7027295WN      STEELE         3616 EAST DOVERHILL DRIVE      SALT LAKE CITY      UT      84121    SFR         20271201
 7027378      7027378WN      MCINTYRE       7940-G WRENWOOD BOULEVARD      BATON ROUGE         LA      70809    PUD         20271201
 7027600      7027600WN      WHITE          14104 HIGHLAND STREET          CEDAR LAKE          IN      46303    SFR         20280117
10091049      10091049WN     CREVIER-COHEN  14 ELM STREET                  HUBBARDSTON         MA       1452    2-4 UNITS   20280401
 7029028      7029028WN      CIOTTI         123 S CARYL AVE                NORTHLAKE           IL      60164    SFR         20280201
 7028913      7028913WN      FRANKLIN       215 E 70TH ST                  CHICAGO             IL      60637    2-4 UNITS   20280201
 7028574      7028574WN      DOWDY          3838 W HURON ST                CHICAGO             IL      60624    2-4 UNITS   20280201
 7029077      7029077WN      KERLEGRAND     457 W LAUREL DR #1508          MARGATE             FL      33063    CONDO       20280201
 7028962      7028962WN      TRIGANI        1686 EAST ROAD                 LOXAHATCHEE         FL      33470    SFR         20280201
 7028475      7028475WN      BEJARANO       12682 SW 146 ST                MIAMI               FL      33186    PUD         20280201
 7028111      7028111WN      DICK           2613 CALBERT DR                INDIANAPOLIS        IN      46219    SFR         20271201
 7028954      7028954WN      SLADEK         RT 2 BOX 449 E                 BATTLE LAKE         MN      56515    SFR         20280201
 7028863      7028863WN      GALTNEY        8112 65TH ST CT WEST           UNIVERSITY PLACE    WA      98467    SFR         20280201
 7029010      7029010WN      HERZBERG       682 LAKEWOOD DR                LAKE ST. LOUIS      MO      63367    PUD         20280201
10091643      10091643WN     BARTEE         7945 BLOOM                     ST. LOUIS           MO      63133    SFR         20280501
10049732      10049732WN     GORE           673 NORTHEAST 73RD S           MIAMI               FL      33138    SFR         20280101
 7045255      7045255WN      TARENTINO      559 FELLSWAY WEST              MEDFORD             MA       2155    SFR         20280105
<CAPTION>
                                            6/1/1998
  Servicer    AMRESCO       Last          * Scheduled  Current      Current          Occupancy     Original                  
Loan Number Loan Number     Name            Balance     Rate      P&I Payment   LTV   Status        Term        Servicer     
- ----------- -----------     ----          -----------   ----      ------------  ----  ------        ----        --------     
<S>         <C>            <C>              <C>         <C>         <C>          <C>  <C>           <C>         <C>          
 7019284    7019284WN      STEEL            119361.84      9.5      1005.67      80   OWNER         360         WENDOVER     
 7019300    7019300WN      SUSZKO            139774.1   10.625      1293.74      80   OWNER         360         WENDOVER     
 7019342    7019342WN      WALKER            57514.43   10.875        543.1      80   OWNER         360         WENDOVER     
 7019409    7019409WN      WOODS            111628.67    8.125        831.6      80   OWNER         360         WENDOVER     
 7023815    7023815WN      SNIPES            79903.58    10.49       731.19      80   OWNER         360         WENDOVER     
 7025406    7025406WN      MAALIZADEH       381696.42    9.875      3320.57      80   OWNER         360         WENDOVER     
 7025422    7025422WN      FERRELL           77863.91   10.125       691.72      80   OWNER         360         WENDOVER     
 7025448    7025448WN      JACKSON           93423.69       10       821.41      80   OWNER         360         WENDOVER     
 7025638    7025638WN      WILLIAMS          83864.44   10.625       776.25      80   NON OWNER     360         WENDOVER     
 7025919    7025919WN      HOOKER           267452.26    9.375      2229.09      80   OWNER         360         WENDOVER     
 7025927    7025927WN      HULL               63879.1     9.75       549.86      80   OWNER         360         WENDOVER     
 7026081    7026081WN      MURPHY           132800.16     8.75      1047.88      80   OWNER         360         WENDOVER     
 7026115    7026115WN      ROBERTSON         74625.72     9.99       655.53      80   OWNER         360         WENDOVER     
 7026123    7026123WN      SERGEANT         219605.79       10      1930.66      80   OWNER         360         WENDOVER     
 7046311    7046311WN      BREW             179667.15     8.45      1377.67      80   OWNER         360         WENDOVER     
 7046428    7046428WN      HOWARD           194217.92    11.65      1947.41      80   OWNER         360         WENDOVER     
 7046444    7046444WN      EDWARDS          101454.44     9.99       890.87      80   OWNER         360         WENDOVER     
 7055759    7055759WN      WRIGHT           200158.98     10.5      1833.14      80   OWNER         360         WENDOVER     
 7055908    7055908WN      WARRICK            65890.8     8.99       530.58      80   OWNER         360         WENDOVER     
 7056096    7056096WN      CATANHO           88677.32     9.85       769.46      80   OWNER         360         WENDOVER     
 7056104    7056104WN      HASKINS           83898.95     10.5       768.39      80   OWNER         360         WENDOVER     
 7056112    7056112WN      LAPINE            88665.12      9.4       740.21      80   OWNER         360         WENDOVER     
 7056500    7056500WN      SANDERS           93498.72    10.99       890.67      80   OWNER         360         WENDOVER     
 7056674    7056674WN      SCHOEPFLE         51920.59    10.75       485.42      80   OWNER         360         WENDOVER     
 7056740    7056740WN      DORA             135891.43     10.5      1244.05      80   OWNER         360         WENDOVER     
 7056906    7056906WN      PIKE              48745.36      8.9       389.15      80   OWNER         360         WENDOVER     
 7041155    7041155WN      TERRANCE          23959.96    12.25        251.5      80   OWNER         360         WENDOVER     
 7041262    7041262WN      TATUM             63772.28    10.75       596.69      80   OWNER         360         WENDOVER     
 7102981    7102981WN      PATTON           131732.51        8       968.57      80   OWNER         360         WENDOVER     
 7101330    7101330WN      FOECHTERLE        62906.03      9.5       529.74      80   OWNER         360         WENDOVER     
 7101561    7101561WN      GREER             55906.93       11       533.31      80   OWNER         360         WENDOVER     
 7101884    7101884WN      AGRUSA           127854.12    10.75      1194.86      80   OWNER         360         WENDOVER     
 7101983    7101983WN      CHATTERTON        59881.45    8.125        445.5      80   NON OWNER     360         WENDOVER     
 7102064    7102064WN      SZYMONIAK          83826.9   10.875       791.28      80   OWNER         360         WENDOVER     
 7102494    7102494WN      FIGUEROA            111777      9.5       941.76      80   NON OWNER     360         WENDOVER     
 7027089    7027089WN      RICHARDSON       109262.01     9.63       931.59      80   OWNER         360         WENDOVER     
 7027097    7027097WN      RODRIGUEZ        119638.74      9.5      1009.03      80   OWNER         360         WENDOVER     
 7035033    7035033WN      HIRCHERT          50780.01     11.5       503.87      80   OWNER         360         WENDOVER     
 7036700    7036700WN      BURNETT          155599.01    10.25      1397.92      80   NON OWNER     360         WENDOVER     
 7036973    7036973WN      RUSK              55870.35    10.74       522.33      80   OWNER         360         WENDOVER     
 7038326    7038326WN      IRONS             39912.44       11       380.93      80   NON OWNER     360         WENDOVER     
 7039167    7039167WN      HAMMER           100512.02     9.75       866.03      80   OWNER         360         WENDOVER     
 7039951    7039951WN      NOHNER            30333.28    10.99       289.28      80   OWNER         360         WENDOVER     
 7040009    7040009WN      WASH SR.          59861.39    10.75       560.09      80   OWNER         360         WENDOVER     
 7040058    7040058WN      DAVIS             82619.41    11.75        835.8      80   NON OWNER     360         WENDOVER     
 7040207    7040207WN      SIMPSON           49814.97    10.99       475.79      80   OWNER         360         WENDOVER     
 7041247    7041247WN      NELSON             94193.3       11          899      80   NON OWNER     360         WENDOVER     
 7041387    7041387WN      WOODCOX          143717.17     11.5      1426.02      80   OWNER         360         WENDOVER     
 7041528    7041528WN      SARKISSIAN        95711.02      9.5       807.22      80   NON OWNER     360         WENDOVER     
 7042278    7042278WN      VAZQUEZ          142709.28    8.875      1139.37      80   OWNER         360         WENDOVER     
 7042369    7042369WN      AVALOS            23729.42    10.75       223.29      80   OWNER         360         WENDOVER     
 7042674    7042674WN      HELMS             119598.4     8.99       964.69      80   OWNER         360         WENDOVER     
 7042732    7042732WN      WHITLATCH        113291.42     9.99       996.09      80   OWNER         360         WENDOVER     
 7043078    7043078WN      MURPHY            111516.3    8.625       870.51      80   OWNER         360         WENDOVER     
 7027030    7027030WN      PALOMERA         181900.37     9.95      1593.96      80   OWNER         360         WENDOVER     
 7027295    7027295WN      STEELE           131602.64      9.5      1109.93      80   OWNER         360         WENDOVER     
 7027378    7027378WN      MCINTYRE         182662.11     9.62      1556.52      80   OWNER         360         WENDOVER     
 7027600    7027600WN      WHITE             65381.83     8.38       498.84      80   OWNER         360         WENDOVER     
10091049    10091049WN     CREVIER-COHEN     81953.92   12.105        850.1      80   OWNER         360         WENDOVER     
 7029028    7029028WN      CIOTTI           122221.09    10.95      1161.02      80   OWNER         360         WENDOVER     
 7028913    7028913WN      FRANKLIN          87830.24     9.65        749.6      80   NON OWNER     360         WENDOVER     
 7028574    7028574WN      DOWDY            101436.35     10.5       929.38      80   OWNER         360         WENDOVER     
 7029077    7029077WN      KERLEGRAND        34242.43    10.85        429.1      80   NON OWNER     360         WENDOVER     
 7028962    7028962WN      TRIGANI          181260.54      9.8       1566.9      80   OWNER         360         WENDOVER     
 7028475    7028475WN      BEJARANO          95723.69    10.45       874.56      80   OWNER         360         WENDOVER     
 7028111    7028111WN      DICK              47752.01      9.1       389.68      80   OWNER         360         WENDOVER     
 7028954    7028954WN      SLADEK           167754.43    10.95      1593.56      80   OWNER         360         WENDOVER     
 7028863    7028863WN      GALTNEY          199579.57     9.24       1643.9      80   OWNER         360         WENDOVER     
 7029010    7029010WN      HERZBERG          74690.68    10.95       709.51      80   OWNER         360         WENDOVER     
10091643    10091643WN     BARTEE            33588.34   11.125       323.16      80   OWNER         360         WENDOVER     
10049732    10049732WN     GORE             109342.88      9.8       945.66      80   OWNER         360         WENDOVER     
 7045255    7045255WN      TARENTINO        131483.53      8.5      1013.43      80   OWNER         360         WENDOVER     
</TABLE>                                

  Servicer    AMRESCO       Last                                          Due   
Loan Number Loan Number     Name               Originator                 Date  
- ----------- -----------     ----               ----------                 ----  
 7019284    7019284WN      STEEL            PAN AMERICAN                19980601
 7019300    7019300WN      SUSZKO           PAN AMERICAN                19980601
 7019342    7019342WN      WALKER           PAN AMERICAN                19980501
 7019409    7019409WN      WOODS            PAN AMERICAN                19980701
 7023815    7023815WN      SNIPES           PARKWAY                     19980704
 7025406    7025406WN      MAALIZADEH       PAN AMERICAN                19980601
 7025422    7025422WN      FERRELL          PAN AMERICAN                19980701
 7025448    7025448WN      JACKSON          PAN AMERICAN                19980701
 7025638    7025638WN      WILLIAMS         PAN AMERICAN                19980501
 7025919    7025919WN      HOOKER           PAN AMERICAN                19980701
 7025927    7025927WN      HULL             PAN AMERICAN                19980701
 7026081    7026081WN      MURPHY           PAN AMERICAN                19980701
 7026115    7026115WN      ROBERTSON        PAN AMERICAN                19980601
 7026123    7026123WN      SERGEANT         PAN AMERICAN                19980601
 7046311    7046311WN      BREW             PARKWAY MORTGAGE            19980621
 7046428    7046428WN      HOWARD           PARKWAY MORTGAGE            19980626
 7046444    7046444WN      EDWARDS          PARKWAY MORTGAGE            19980527
 7055759    7055759WN      WRIGHT           PARKWAY MORTGAGE            19980702
 7055908    7055908WN      WARRICK          PARKWAY MORTGAGE            19980605
 7056096    7056096WN      CATANHO          PARKWAY MORTGAGE            19980611
 7056104    7056104WN      HASKINS          PARKWAY MORTGAGE            19980613
 7056112    7056112WN      LAPINE           PARKWAY MORTGAGE            19980612
 7056500    7056500WN      SANDERS          PARKWAY MORTGAGE            19980523
 7056674    7056674WN      SCHOEPFLE        PARKWAY MORTGAGE            19980701
 7056740    7056740WN      DORA             PARKWAY MORTGAGE            19980802
 7056906    7056906WN      PIKE             PARKWAY MORTGAGE            19980505
 7041155    7041155WN      TERRANCE         WMC                         19980701
 7041262    7041262WN      TATUM            WMC                         19980501
 7102981    7102981WN      PATTON           PAN AMERICAN                19980501
 7101330    7101330WN      FOECHTERLE       PAN AMERICAN                19980701
 7101561    7101561WN      GREER            PAN AMERICAN                19980501
 7101884    7101884WN      AGRUSA           PAN AMERICAN                19980601
 7101983    7101983WN      CHATTERTON       PAN AMERICAN                19980601
 7102064    7102064WN      SZYMONIAK        PAN AMERICAN                19980501
 7102494    7102494WN      FIGUEROA         PAN AMERICAN                19980501
 7027089    7027089WN      RICHARDSON       AAMES                       19980601
 7027097    7027097WN      RODRIGUEZ        AAMES                       19980601
 7035033    7035033WN      HIRCHERT         WMC                         19980501
 7036700    7036700WN      BURNETT          WMC                         19980701
 7036973    7036973WN      RUSK             WMC                         19980601
 7038326    7038326WN      IRONS            WMC                         19980601
 7039167    7039167WN      HAMMER           WMC                         19980701
 7039951    7039951WN      NOHNER           WMC                         19980601
 7040009    7040009WN      WASH SR.         WMC                         19980701
 7040058    7040058WN      DAVIS            WMC                         19980601
 7040207    7040207WN      SIMPSON          WMC                         19980501
 7041247    7041247WN      NELSON           WMC                         19980701
 7041387    7041387WN      WOODCOX          WMC                         19980601
 7041528    7041528WN      SARKISSIAN       WMC                         19980701
 7042278    7042278WN      VAZQUEZ          WMC                         19980701
 7042369    7042369WN      AVALOS           WMC                         19980501
 7042674    7042674WN      HELMS            WMC                         19980601
 7042732    7042732WN      WHITLATCH        WMC                         19980701
 7043078    7043078WN      MURPHY           WMC                         19980701
 7027030    7027030WN      PALOMERA         AAMES                       19980701
 7027295    7027295WN      STEELE           AAMES                       19980601
 7027378    7027378WN      MCINTYRE         AAMES                       19980701
 7027600    7027600WN      WHITE            AAMES                       19980617
10091049    10091049WN     CREVIER-COHEN    ALTERNATIVE LENDING         19980601
 7029028    7029028WN      CIOTTI           BNC                         19980601
 7028913    7028913WN      FRANKLIN         BNC                         19980601
 7028574    7028574WN      DOWDY            BNC                         19980601
 7029077    7029077WN      KERLEGRAND       BNC                         19980601
 7028962    7028962WN      TRIGANI          BNC                         19980601
 7028475    7028475WN      BEJARANO         BNC                         19980601
 7028111    7028111WN      DICK             BNC                         19980701
 7028954    7028954WN      SLADEK           BNC                         19980601
 7028863    7028863WN      GALTNEY          BNC                         19980601
 7029010    7029010WN      HERZBERG         BNC                         19980601
10091643    10091643WN     BARTEE           EDGE MORTGAGE SERVIC        19980601
10049732    10049732WN     GORE             AMERICREDIT CORP            19980501
 7045255    7045255WN      TARENTINO        PARKWAY MORTGAGE            19980705
                                            
                                  Page 12 of 17

<PAGE>

AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
Loan Schedule: 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>
10037083      10037083WN     RICHIE         3844 MIGHIGAN                    ST. LOUIS         MO      63118    SFR         20280401
 7116940      7116940WN      MONTEZ         207 EAST SIMPSON STREET          LAFAYETTE         CO      80026    SFR         20280401
 7119811      7119811WN      GAUL           11130 SOUTHWEST TONY COURT       TIGARD            OR      97223    SFR         20280501
 7116726      7116726WN      SAMIFUA        524 INVERNESS DRIVE              PACIFICA          CA      94404    SFR         20280101
 7045990      7045990WN      GUNN           18311 ROBSON                     DETROIT           MI      48235    SFR         20280112
 7101900      7101900WN      ADDABBO        4270 LANDAR DRIVE SOUTH          LAKE WORTH        FL      33463    PUD         20280301
 7040165      7040165WN      WILEY          1096 FULTON STREET               AURORA            CO      80010    SFR         20271201
 7043045      7043045WN      WEAVER         602 WINDING HOLLOW COURT         COPPELL           TX      75019    SFR         20271201
 7007974      7007974WN      CHRISTENSEN    6985W BELLO AVENUE               WEST VALLEY       UT      84128    CONDO       20270901
 7043441      7043441WN      HLISTER        9105 S. WOODLAWN CHICAGO         CHICAGO           IL      60628    SFR         20271005
10036945      10036945WN     CASEY          3926 THOLOZAN AVENUE             ST. LOUIS         MO      63116    SFR         20280301
 7014830      7014830WN      ST. JOHN       1865 EAST 5775 SOUTH             OGDEN             UT      84403    SFR         20280201
 7018930      7018930WN      KAMMERMAN      2733 SOUTH 8650 WEST             MAGNA             UT      84044    SFR         20280201
 7101553      7101553WN      GOLIA          501 HALLAM AVENUE                COLORADO SPRINGS  CO      80911    SFR         20280301
 7028814      7028814WN      GOMEZ          111 STARLITE DR                  PUEBLO            CO      81005    SFR         20280201
 7115298      7115298WN      BLACK          5155 N EAST RIVER RD             CHICAGO           IL      60656    CONDO       20280313
 7024334      7024334WN      GIBSON         1424 10TH STREET                 OAKLAND           CA      94607    SFR         20280201
10090116      10090116WN     DILLS          2017 NORTH LAURA ROA             SPOKANE           WA      99212    SFR         20280401
 7046287      7046287WN      PAGONE         2242 N. 74TH AVENUE              ELMWOOD PARK      IL      60707    SFR         20280121
 7056575      7056575WN      MIZUNO         2 MCKNIGHT COURT                 GREAT NECK        NY      11021    SFR         20280225
 7042583      7042583WN      JOHNSON        7243 NE 13TH AV                  PORTLAND          OR      97211    SFR         20271201
 7015910      7015910WN      LANCELOT       7012 EAST LURLENE DRIVE          TUCSON            AZ      85730    SFR         20280201
 7116031      7116031WN      EDDIE          1700 ELLSWORTH                   GARY              IN      46404    SFR         20280303
 7055973      7055973WN      BOYD           661 WEST VERMONT                 CHICAGO           IL      60628    SFR         20280209
 7056922      7056922WN      COESENS        236 & 237 CEDAR ISLAND DRIVE B   BRICK TWP         NJ       8723    SFR         20280304
 7041965      7041965WN      BARNAO         7 J MAE CIRCLE                   DOVER PLAINS      NY      12522    SFR         20271201
 7115942      7115942WN      SIEBERT        3 VALLEY LANE                    SADDLERIVER       NJ       7663    SFR         20280304
10089381      10089381WN     BARBER         9474 OLSON PLACE SOU             SEATTLE           WA      98106    SFR         20271201
 7016306      7016306WN      ROSA           210 LAGOON DRIVE                 OZONA             FL      34660    SFR         20280201
10089571      10089571WN     NOTARIO        3300 STOCKTON PLACE              PALO ALTO         CA      94303    SFR         20280301
 7007586      7007586WN      DETWILER       3815 JASON AVENUE                ALEXANDRIA        VA      22302    CONDO       20271001
 7102007      7102007WN      GARRETT        369 DICKSON AVENUE               OSTEEN            FL      32764    SFR         20280301
 7024110      7024110WN      CHANG          163 1 2                          SOUTH PASADENA    CA      91030    2-4 UNITS   20280201
 7056401      7056401WN      ENGELSON       113 SALEM AVENUE                 TURNERSVILLE      NJ       8012    SFR         20280220
 7100423      7100423WN      LIU            847 FAIRVIEW AVENUE              ARCADIA           CA      91007    CONDO       20280301
 7015852      7015852WN      ELLSWORTH      7035 67TH STREET NORTHWEST       GIG HARBOR        WA      98335    SFR         20280101
 7100365      7100365WN      STRAWBRIDGE    4988 MADDOCKS ROAD               SEBASTOPOL        CA      95472    SFR         20280301
 7119944      7119944WN      COHEN          6040 WEST 76TH PLACE             LOS ANGELES       CA      90045    SFR         20280501
 7103203      7103203WN      HARDEBECK      1540 SURF ROAD                   ENCINITAS         CA      92024    SFR         20280301
 7115462      7115462WN      MCMAHAN        115 ROBERT RD                    CROUSE            NC      28033    SFR         20280113
 7115850      7115850WN      PETERSEN       48 WOOLFORD ROAD                 WRENTHAM          MA       2093    SFR         20280211
 7014343      7014343WN      ALLEN          220 MONTURA WAY                  NOVATO            CA      94947    SFR         20271101
 7034374      7034374WN      WOODARD        ROUTE 3 BOX 36                   SANDYVILLE        WV      25275    MANUFD HOME 20271201
 7102585      7102585WN      DEMOURA        10231 TRASK AVENUE               GARDEN GROVE      CA      92843    SFR         20280201
 7037344      7037344WN      FAZIO          758 FORRSET STREET NORTHWEST     ATLANTA           GA      30318    SFR         20271101
 7016017      7016017WN      PERDUE         3317 SYCAMORE KNOLL DRIVE        COLUMBUS          OH      43219    SFR         20280201
 7037377      7037377WN      FAZIO          1005 HAMPTON STREET NORTHWEST    ATLANTA           GA      30318    SFR         20271101
 7034564      7034564WN      SCHMITZ        554 238TH LANE NE                BETHEL            MN      55005    SFR         20271201
 7034119      7034119WN      GALES          61 NE 7 COURT                    DEERFIELD BEACH   FL      33441    2-4 UNITS   20271001
 7103294      7103294WN      EDDY SR        913 GOLDENROD STREET             CITY OF ESCONDIDO CA      92027    SFR         20280301
 7037369      7037369WN      MORRIS         1611 NORTH HILLSIDE AVENUE       MINNEAPOLIS       MN      55411    2-4 UNITS   20271201
 7037153      7037153WN      KENNETH        5379 BRAMBLE LANE                LAS VEGAS         NV      89120    SFR         20271201
 7037252      7037252WN      GREENWOOD      9602 W 124TH TERRACE             OVERLAND PARK     KS      66213    SFR         20271201
 7018542      7018542WN      BOSHKY         8645 MAY CIRCLE                  TAMPA             FL      33614    SFR         20280201
 7037823      7037823WN      LOCKETT        722 PICKERELL AVENUE             CORCORAN          CA      93212    SFR         20271201
 7030372      7030372WN      STRICKLAND     211 ENGELSTAD STREET             NORTH LAS VEGAS   NV      89030    SFR         20271201
 7032907      7032907WN      JACKSON        2642 UPTON AVE N                 MINNEAPOLIS       MN      55411    SFR         20271001
 7031263      7031263WN      MOORE          817 SEABURY DRIVE                SAN JOSE          CA      95136    SFR         20271201
 7013642      7013642WN      HASROUTI       6248 BELLAIRE                    NORTH HOLLYWOOD   CA      91606    SFR         20280101
 7014368      7014368WN      CHRISTENSEN    4180 S APPLE BLOSSOM LN          HURRICANE         UT      84737    SFR         20271201
 7014681      7014681WN      BURT           11610 POWDERHORN COURT           BOISE             ID      83713    SFR         20280201
 7015266      7015266WN      BABCOCK        1739 AIRPORT CT                  PLACERVILLE       CA      95667    SFR         20280301
 7043391      7043391WN      SNYDER         4110 MANOR DRIVE STROUDSBURG     STROUDSBURG       PA      18360    SFR         20271201
 7043664      7043664WN      PETRUZELLI     94 CORDAVILLE ROAD ASHLAND       ASHLAND           MA       1721    SFR         20271202
 7038722      7038722WN      SELBURN        12626 SW CREEKSHIRE DRIVE        TIGARD            OR      97223    SFR         20271201
 7044332      7044332WN      DURBAN         70272 HOPEWELL ROAD CAMBRIDGE    CAMBRIDGE         OH      43725    SFR         20280101
 7044480      7044480WN      ESPEUT         27 GODWIN AVENUE PATERSON        PATERSON          NJ       7501    SFR         20271223
 7044779      7044779WN      ROTH           34 SPRUCE STREET NORTH ATTLEBORO ATTLEBORO         MA       2760    SFR         20271229
 7045271      7045271WN      COLEMAN        7831 SOUTH SANGAMON              CHICAGO           IL      60620    SFR         20280106
 7045305      7045305WN      BALDERSON      1102 N UNION ST                  FOSTORIA          OH      44830    2-4 UNITS   20280106
10089910      10089910WN     DIXON          352 SOUTH SAN JOSE S             STOCKTON          CA      95203    SFR         20280401
 7032782      7032782WN      TURNER         16 S BALL                        WEBB CITY         MO      64870    SFR         20271001
<CAPTION>
                                            6/1/1998
  Servicer    AMRESCO       Last          * Scheduled  Current      Current          Occupancy     Original                  
Loan Number Loan Number     Name            Balance     Rate      P&I Payment   LTV   Status        Term        Servicer     
- ----------- -----------     ----          -----------   ----      ------------  ----  ------        ----        --------     
<S>         <C>            <C>              <C>         <C>         <C>          <C>  <C>           <C>         <C>          
10037083    10037083WN     RICHIE             49969.6    11.75       504.71      79   OWNER         360         WENDOVER     
 7116940    7116940WN      MONTEZ            95818.28    10.25       860.26      79   OWNER         360         WENDOVER     
 7119811    7119811WN      GAUL             142931.49    9.625      1215.49      79   OWNER         360         WENDOVER     
 7116726    7116726WN      SAMIFUA          175139.45     8.95      1409.81      79   OWNER         360         WENDOVER     
 7045990    7045990WN      GUNN              55130.64     10.8       517.36      79   OWNER         360         WENDOVER     
 7101900    7101900WN      ADDABBO           60924.64   10.375        552.3      79   OWNER         360         WENDOVER     
 7040165    7040165WN      WILEY              86148.6     9.75       742.31      79   OWNER         360         WENDOVER     
 7043045    7043045WN      WEAVER           178375.71   10.625      1652.29      79   OWNER         360         WENDOVER     
 7007974    7007974WN      CHRISTENSEN      104544.45     9.75       902.12      79   OWNER         360         WENDOVER     
 7043441    7043441WN      HLISTER           47882.73    10.49       438.72      79   NON OWNER     360         WENDOVER     
10036945    10036945WN     CASEY              44235.5      9.6       375.73      78   OWNER         360         WENDOVER     
 7014830    7014830WN      ST. JOHN          71827.23      8.6       558.73      78   OWNER         360         WENDOVER     
 7018930    7018930WN      KAMMERMAN         89044.34   10.125       791.05      78   OWNER         360         WENDOVER     
 7101553    7101553WN      GOLIA             73913.18   10.625       683.84      78   OWNER         360         WENDOVER     
 7028814    7028814WN      GOMEZ            107787.19     9.55       912.07      78   OWNER         360         WENDOVER     
 7115298    7115298WN      BLACK             79890.08      7.9       581.45      78   OWNER         360         WENDOVER     
 7024334    7024334WN      GIBSON            87953.85      9.5       708.07      77   OWNER         360         WENDOVER     
10090116    10090116WN     DILLS             76912.89     8.85       611.27      77   OWNER         360         WENDOVER     
 7046287    7046287WN      PAGONE           149065.93       10      1316.36      77   OWNER         360         WENDOVER     
 7056575    7056575WN      MIZUNO           497916.97     9.99      4377.15      77   OWNER         360         WENDOVER     
 7042583    7042583WN      JOHNSON           80553.06     9.49       678.83      77   OWNER         360         WENDOVER     
 7015910    7015910WN      LANCELOT          61090.32       10       537.08      77   OWNER         360         WENDOVER     
 7116031    7116031WN      EDDIE             30967.73     9.25       255.03      76   OWNER         360         WENDOVER     
 7055973    7055973WN      BOYD              54899.31      8.5       422.91      76   OWNER         360         WENDOVER     
 7056922    7056922WN      COESENS          270306.51     9.75      2324.53      76   OWNER         360         WENDOVER     
 7041965    7041965WN      BARNAO           134614.33     9.75      1159.86      76   OWNER         360         WENDOVER     
 7115942    7115942WN      SIEBERT          295809.89     11.5      2931.27      76   OWNER         360         WENDOVER     
10089381    10089381WN     BARBER            90745.46     9.85       788.52      76   OWNER         360         WENDOVER     
 7016306    7016306WN      ROSA             214512.47    8.875      1710.64      75   OWNER         360         WENDOVER     
10089571    10089571WN     NOTARIO          487254.88    9.375      4058.94      75   OWNER         360         WENDOVER     
 7007586    7007586WN      DETWILER          95653.81    10.05       846.02      75   OWNER         360         WENDOVER     
 7102007    7102007WN      GARRETT              82000       11       425.29      75   OWNER         360         WENDOVER     
 7024110    7024110WN      CHANG            291770.87    9.125      2379.88      75   OWNER         360         WENDOVER     
 7056401    7056401WN      ENGELSON          32370.67       11       308.56      75   NON OWNER     360         WENDOVER     
 7100423    7100423WN      LIU                 179695    8.875      1432.17      75   OWNER         360         WENDOVER     
 7015852    7015852WN      ELLSWORTH        107763.44   10.125       957.77      75   NON OWNER     360         WENDOVER     
 7100365    7100365WN      STRAWBRIDGE       474152.6    8.625      3694.51      75   OWNER         360         WENDOVER     
 7119944    7119944WN      COHEN            243586.11     7.99      1786.86      75   OWNER         360         WENDOVER     
 7103203    7103203WN      HARDEBECK        336743.87      7.5      2359.85      75   OWNER         360         WENDOVER     
 7115462    7115462WN      MCMAHAN           64084.57     9.15       524.13      75   OWNER         360         WENDOVER     
 7115850    7115850WN      PETERSEN          63664.48     9.99       558.99      75   OWNER         360         WENDOVER     
 7014343    7014343WN      ALLEN            348886.38     9.99      3068.91      75   OWNER         360         WENDOVER     
 7034374    7034374WN      WOODARD           35870.91    10.25        322.6      75   NON OWNER     360         WENDOVER     
 7102585    7102585WN      DEMOURA          119622.11     7.25       818.62      75   NON OWNER     360         WENDOVER     
 7037344    7037344WN      FAZIO             93870.19    10.75       878.64      75   OWNER         360         WENDOVER     
 7016017    7016017WN      PERDUE            125773.7       10      1105.75      75   OWNER         360         WENDOVER     
 7037377    7037377WN      FAZIO             87878.02    10.75       822.64      75   NON OWNER     360         WENDOVER     
 7034564    7034564WN      SCHMITZ           94094.42    11.25       915.81      75   OWNER         360         WENDOVER     
 7034119    7034119WN      GALES            201869.27    10.74      1888.78      75   OWNER         360         WENDOVER     
 7103294    7103294WN      EDDY SR           90806.06     7.75       651.94      75   OWNER         360         WENDOVER     
 7037369    7037369WN      MORRIS            71824.49     10.5       658.62      75   OWNER         360         WENDOVER     
 7037153    7037153WN      KENNETH          104667.03     9.25       863.81      75   OWNER         360         WENDOVER     
 7037252    7037252WN      GREENWOOD        157155.23       11      1499.91      75   OWNER         360         WENDOVER     
 7018542    7018542WN      BOSHKY            51629.87    8.875       411.75      75   OWNER         360         WENDOVER     
 7037823    7037823WN      LOCKETT           44845.13      9.5       378.39      75   NON OWNER     360         WENDOVER     
 7030372    7030372WN      STRICKLAND        59799.17     8.99       482.35      75   OWNER         360         WENDOVER     
 7032907    7032907WN      JACKSON           62440.46       11        596.4      75   OWNER         360         WENDOVER     
 7031263    7031263WN      MOORE            229126.55     8.99      1848.98      75   OWNER         360         WENDOVER     
 7013642    7013642WN      HASROUTI         127268.49       11      1214.21      75   OWNER         360         WENDOVER     
 7014368    7014368WN      CHRISTENSEN       89084.46    11.15       860.08      75   OWNER         360         WENDOVER     
 7014681    7014681WN      BURT              68895.92   10.805       646.96      75   OWNER         360         WENDOVER     
 7015266    7015266WN      BABCOCK          116080.68      9.6       985.99      75   OWNER         360         WENDOVER     
 7043391    7043391WN      SNYDER            89529.45    11.65       898.58      75   OWNER         360         WENDOVER     
 7043664    7043664WN      PETRUZELLI       175207.81     11.4      1724.59      75   OWNER         360         WENDOVER     
 7038722    7038722WN      SELBURN           168185.3     8.99      1356.59      75   OWNER         360         WENDOVER     
 7044332    7044332WN      DURBAN             47902.3     10.1       424.79      75   OWNER         360         WENDOVER     
 7044480    7044480WN      ESPEUT            63588.81     11.5       631.32      75   OWNER         360         WENDOVER     
 7044779    7044779WN      ROTH              95125.71    12.15       990.77      75   OWNER         360         WENDOVER     
 7045271    7045271WN      COLEMAN           97279.33    11.45       961.82      75   OWNER         360         WENDOVER     
 7045305    7045305WN      BALDERSON          46455.1    12.85       508.94      75   OWNER         360         WENDOVER     
10089910    10089910WN     DIXON             44956.94     9.65       383.32      75   OWNER         360         WENDOVER     
 7032782    7032782WN      TURNER            14958.12    11.25       145.69      75   NON OWNER     360         WENDOVER     
</TABLE>                        

  Servicer    AMRESCO       Last                                          Due   
Loan Number Loan Number     Name               Originator                 Date  
- ----------- -----------     ----               ----------                 ----  
10037083    10037083WN     RICHIE           DOERING MORTGAGE            19980601
 7116940    7116940WN      MONTEZ           STANDARD FINANCIAL          19980601
 7119811    7119811WN      GAUL             ALTERNATIVE LENDING         19980701
 7116726    7116726WN      SAMIFUA          STANDARD FINANCIAL          19980601
 7045990    7045990WN      GUNN             PARKWAY MORTGAGE            19980712
 7101900    7101900WN      ADDABBO          PAN AMERICAN                19980601
 7040165    7040165WN      WILEY            WMC                         19980601
 7043045    7043045WN      WEAVER           WMC                         19980701
 7007974    7007974WN      CHRISTENSEN      NATIONAL MORTGAGE           19980701
 7043441    7043441WN      HLISTER          PARKWAY MORTGAGE            19980625
10036945    10036945WN     CASEY            EDGE MORTGAGE SERVIC        19980601
 7014830    7014830WN      ST. JOHN         EVEREST                     19980601
 7018930    7018930WN      KAMMERMAN        PAN AMERICAN                19980701
 7101553    7101553WN      GOLIA            PAN AMERICAN                19980601
 7028814    7028814WN      GOMEZ            BNC                         19980501
 7115298    7115298WN      BLACK            MLN                         19980613
 7024334    7024334WN      GIBSON           PAN AMERICAN                19980501
10090116    10090116WN     DILLS            AMRESCO                     19980601
 7046287    7046287WN      PAGONE           PARKWAY MORTGAGE            19980621
 7056575    7056575WN      MIZUNO           PARKWAY MORTGAGE            19980525
 7042583    7042583WN      JOHNSON          WMC                         19980701
 7015910    7015910WN      LANCELOT         PAN AMERICAN                19980701
 7116031    7116031WN      EDDIE            PARKWAY                     19980703
 7055973    7055973WN      BOYD             PARKWAY MORTGAGE            19980609
 7056922    7056922WN      COESENS          PARKWAY MORTGAGE            19980604
 7041965    7041965WN      BARNAO           WMC                         19980601
 7115942    7115942WN      SIEBERT          PARKWAY                     19980604
10089381    10089381WN     BARBER           AMERICREDIT CORP            19980601
 7016306    7016306WN      ROSA             PAN AMERICAN                19980601
10089571    10089571WN     NOTARIO          AMERICREDIT CORP            19980601
 7007586    7007586WN      DETWILER         NATIONAL MORTGAGE           19980701
 7102007    7102007WN      GARRETT          PAN AMERICAN                19980501
 7024110    7024110WN      CHANG            PAN AMERICAN                19980701
 7056401    7056401WN      ENGELSON         PARKWAY MORTGAGE            19980620
 7100423    7100423WN      LIU              PAN AMERICAN                19980501
 7015852    7015852WN      ELLSWORTH        PAN AMERICAN                19980701
 7100365    7100365WN      STRAWBRIDGE      PAN AMERICAN                19980601
 7119944    7119944WN      COHEN            ALTERNATIVE LENDING         19980601
 7103203    7103203WN      HARDEBECK        PAN AMERICAN                19980601
 7115462    7115462WN      MCMAHAN          MLN                         19980613
 7115850    7115850WN      PETERSEN         PARKWAY                     19980711
 7014343    7014343WN      ALLEN            STANDARD FINANCIAL          19980601
 7034374    7034374WN      WOODARD          WMC                         19980601
 7102585    7102585WN      DEMOURA          PAN AMERICAN                19980601
 7037344    7037344WN      FAZIO            WMC                         19980601
 7016017    7016017WN      PERDUE           PAN AMERICAN                19980701
 7037377    7037377WN      FAZIO            WMC                         19980701
 7034564    7034564WN      SCHMITZ          WMC                         19980601
 7034119    7034119WN      GALES            WMC                         19980601
 7103294    7103294WN      EDDY SR          PAN AMERICAN                19980601
 7037369    7037369WN      MORRIS           WMC                         19980601
 7037153    7037153WN      KENNETH          WMC                         19980701
 7037252    7037252WN      GREENWOOD        WMC                         19980701
 7018542    7018542WN      BOSHKY           PAN AMERICAN                19980601
 7037823    7037823WN      LOCKETT          WMC                         19980601
 7030372    7030372WN      STRICKLAND       WMC                         19980701
 7032907    7032907WN      JACKSON          WMC                         19980701
 7031263    7031263WN      MOORE            WMC                         19980701
 7013642    7013642WN      HASROUTI         TITLE WEST                  19980601
 7014368    7014368WN      CHRISTENSEN      STANDARD FINANCIAL          19980801
 7014681    7014681WN      BURT             ALTERNATIVE LENDING         19980701
 7015266    7015266WN      BABCOCK          EVEREST MORTGAGE            19980601
 7043391    7043391WN      SNYDER           PARKWAY MORTGAGE            19980625
 7043664    7043664WN      PETRUZELLI       PARKWAY MORTGAGE            19980702
 7038722    7038722WN      SELBURN          WMC                         19980601
 7044332    7044332WN      DURBAN           PARKWAY MORTGAGE            19980712
 7044480    7044480WN      ESPEUT           PARKWAY MORTGAGE            19980523
 7044779    7044779WN      ROTH             PARKWAY MORTGAGE            19980928
 7045271    7045271WN      COLEMAN          PARKWAY MORTGAGE            19980606
 7045305    7045305WN      BALDERSON        PARKWAY MORTGAGE            19980606
10089910    10089910WN     DIXON            AMERICREDIT CORP            19980601
 7032782    7032782WN      TURNER           WMC                         19980701
                                            
                                  Page 13 of 17

<PAGE>

AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
Loan Schedule: 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>
 7033079      7033079WN      WRIGHT         4114 BALMORAL CIRCLE             PIKESVILLE        MD      21208    SFR         20271201
 7034515      7034515WN      THOMAS         1116-1118 PIETY STREET           NEW ORLEANS       LA      70117    2-4 UNITS   20271001
 7117443      7117443WN      ZANOTTI        12450 N 80TH PLACE               SCOTTSDALE        AZ      85260    SFR         20280301
 7028665      7028665WN      YOUNGS         43 AUBURN DRIVE                  GLENDALE HEIGHTS  IL      60139    SFR         20280201
 7024847      7024847WN      SMIDA          3446 SWEETWATER TRAIL            CLEARWATER        FL      33761    SFR         20280201
 7024912      7024912WN      TURLEY         668 FEDERAL STREET               PARIS             VA      20130    SFR         20280301
 7016942      7016942WN      DRUM           7470 LANCASTER-THORNVILLE ROAD   PLEASANTVILLE     OH      43148    SFR         20280101
 7019037      7019037WN      MCGAW          1901 IDLEWOOD AVE                E CLEVELAND       OH      44112    SFR         20280201
 7023666      7023666WN      DAVIDSON       2765 WHITE OAKS DR LONDON        LONDON            OH      43140    SFR         20280202
 7025307      7025307WN      STANLEY        9018 EAST NASSAU AVENUE          DENVER            CO      80237    CONDO       20271201
 7025869      7025869WN      HARRETT        14145 EAST SUNDOWN BLVD   #1     VAIL              AZ      85641    MANUFD HOME 20280201
 7025992      7025992WN      KINSMAN        2525 SUMNER AVENUE               HOQUIAM           WA      98550    SFR         20280201
 7026149      7026149WN      SHEMWELL       1107 WEST 20TH STREET            VANCOUVER         WA      98660    SFR         20280201
 7046493      7046493WN      JONES          791 MONMOUTH ROAD                PLUMSTED TWP      NJ       8514    SFR         20280128
 7056781      7056781WN      RYAN           309 ELMGROVE ROAD                ROCHESTER         NY      14626    SFR         20280303
 7056823      7056823WN      EMENKA JEFFERS 16 DOD PLACE                     HILLSIDE          NJ       7205    2-4 UNITS   20280303
 7034531      7034531WN      SMILEY         1905 GENTILLY CIRCLE             AUSTIN            TX      78758    SFR         20271201
 7037872      7037872WN      WOLFSBERGER    9748 VENTURA DRIVE               ST LOUIS          MO      63136    SFR         20271201
 7102353      7102353WN      BOOHER         5095 BOWDLE ROAD                 HARROD            OH      45850    SFR         20280301
 7102437      7102437WN      BEAMS          121 RAVINE ROAD                  POWELL            OH      43065    SFR         20280301
 7040611      7040611WN      JONES          76 EAST LUCIUS AVENUE            YOUNGSTOWN        OH      44507    SFR         20271201
 7032451      7032451WN      SCHULZ         14505 EAST LONGFELLOW AVE        SPOKANE           WA      99216    SFR         20271201
 7034820      7034820WN      DAVIS          5110 PARELL PATH                 AUSTIN            TX      78744    SFR         20271201
 7035256      7035256WN      LINDGREN       1510 4TH STREET                  KENAI             AK      99611    SFR         20271201
 7038391      7038391WN      ROMAN          1731NORTH SAWYER AVENUE          CHICAGO           IL      60647    2-4 UNITS   20271201
 7039092      7039092WN      PRIEBE         2111 SOUTH 362ND COURT           FEDERAL WAY       WA      98003    SFR         20271201
 7039399      7039399WN      NAWARA         9821 SW 1ST STREET               PLANATION         FL      33324    SFR         20271101
 7039423      7039423WN      ZUBEL          8315 SOUTH 3480 WEST             WEST JORDAN       UT      84088    SFR         20271201
 7042112      7042112WN      BROWN          120 SUMMIT STREET                EAST ORANGE       NJ       7017    2-4 UNITS   20271201
 7042161      7042161WN      STEWART        1639 E. ELMORE AVENUE            DALLAS            TX      75216    SFR         20271201
 7042195      7042195WN      HANSON         87864 HUSTON ROAD                VENETA            OR      97487    SFR         20271201
 7042419      7042419WN      FERGUSON       49 WOODGATE DR                   BRANDON           MS      39042    SFR         20271201
 7042468      7042468WN      KITCHELL       6000 CANTERBURY DRIVE            CULVER CITY       CA      90230    CONDO       20271201
 7042724      7042724WN      GOLDIE         2150 PAMELA STREET               OXNARD            CA      93030    SFR         20271201
 7042963      7042963WN      SENGSTOCK      8820 GIRARD AVENUE SOUTH         BLOOMINGTON       MN      55420    SFR         20271201
 7028020      7028020WN      BARBER         5183 S 3150 E                    VERNALL           UT      84078    MANUFD HOME 20271201
 7028285      7028285WN      DAWSON         1826 JETHRO AVE                  ZION              IL      60099    SFR         20280201
 7028236      7028236WN      YANG           406 CALIFORNIA ST #E             ARCADIA           CA      91006    CONDO       20271101
 7028996      7028996WN      LYON                                        222 COVINA            CA      91723    2-4 UNITS   20280201
 7028699      7028699WN      LEBRON         410 W 7TH ST #725                TULSA             OK      74119    CONDO       20280201
10091015      10091015WN     CORMIER        10406 DEL REY ROAD S             ALBUQUERQUE       NM      87121    SFR         20280401
 7025893      7025893WN      HEMPEL         38800 CRANE TERRACE              FREMONT           CA      94536    CONDO       20280201
10090694      10090694WN     ELROD          19 WOODLAND                      INDIANAPOLIS      IN      46201    SFR         20271201
 7115447      7115447WN      BALLANCE       1000 BENTON BLVD                 KANSAS CITY       MO      64127    SFR         20280323
 7103211      7103211WN      WUBKER         1875 E. GRANADA COURT            ONTARIO           CA      91764    SFR         20280301
 7116171      7116171WN      LENT           79 SCHILLY RD                    CENTRAL SQUARE    NY      13036    SFR         20280221
 7023831      7023831WN      SHAPIRO        41-12 CHRISTINE COURT FAIR LAWN  FAIR LAWN         NJ       7410    SFR         20280204
 7042930      7042930WN      CORPORON       905 SKYLINE DRIVE                ARGYLE            TX      76226    SFR         20271201
 7028202      7028202WN      SUH            6062 SUMMER ST                   HONOLULU          HI      96821    SFR         20271001
 7118730      7118730WN      KING           12564 ROSE STREET                CERRITOS          CA      90703    SFR         20280401
 7118532      7118532WN      ATKINS         8857 CLASSIC CIRCLE              INDIANAPOLIS      IN      46217    PUD         20280401
 7031396      7031396WN      WILLIAMS       2400 MELROSE                     COLUMBUS          OH      43211    SFR         20271001
 7038367      7038367WN      MOORE          2009 N. PEARL                    OSCELA            AR      72370    SFR         20271201
 7038417      7038417WN      COLTER         1337-1337A N. 39TH STREET        MILWAUKEE         WI      53218    SFR         20271201
 7042393      7042393WN      BEARD          211 E THRUSH                     PEORIA            IL      61603    SFR         20271201
 7016843      7016843WN      HANAWAY        224 WEST CANADA #A               SAN CLEMENTE      CA      92672    CONDO       20280101
 7025794      7025794WN      COTE           1020 CHIPPEWA                    GRAFTON           OH      44044    SFR         20280201
 7118581      7118581WN      DERRICK        11280 HIGHWAY 101 SOUTH          TILLAMOCK         OR      97141    SFR         20280401
 7032980      7032980WN      CLAY           2 OAK FOREST LANE                MAUMELLE          AR      72113    SFR         20270901
 7035058      7035058WN      VANDERHORST    5708 RENTON AVENUE SOUTH         SEATTLE           WA      98118    SFR         20271001
 7042831      7042831WN      BAKER          4739 NARVIK DRIVE                EAGAN             MN      55122    SFR         20271201
 7033319      7033319WN      TANG           4032 WEST READE AVENUE           PHOENIX           AZ      85019    PUD         20271201
 7102270      7102270WN      BRISTEL        284 N STATE STREET               MARION            OH      43302    SFR         20280301
10089803      10089803WN     CURTIS         921 DOUGLAS AVENUE               KALAMAZOO         MI      49007    SFR         20280501
 7024086      7024086WN      CAMPBELL       948 S. DANTE DRIVE               PUEBLO            CO      81007    MANUFD HOME 20280201
 7045743      7045743WN      KASAPIDIS      1121 SOUTH WASHINGTON AVENUE     PISCATAWAY        NJ       8854    SFR         20271224
 7116676      7116676WN      WINDES         9301 LAKEVIEW DRIVE              DITTMER           MO      63023    SFR         20280201
 7018534      7018534WN      BERRY          3317 N W 16TH STREET             NORMAN            OK      73107    SFR         20280201
 7035546      7035546WN      SCOTT          3635 WINDSOR                     ST LOUIS          MO      63113    2-4 UNITS   20271201
 7102932      7102932WN      BELTRAN        1736 SOUTH SAN ANTONIO AVENUE    POMONA            CA      91766    SFR         20280201
 7115272      7115272WN      DULIN          7648 S OGLESBY AVE               CHICAGO           IL      60649    SFR         20280217
10036648      10036648WN     MIXCO          3500 DIX AVENUE                  ST. JOHN          MO      63114    SFR         20280301
<CAPTION>
                                            6/1/1998
  Servicer    AMRESCO       Last          * Scheduled  Current      Current          Occupancy     Original                  
Loan Number Loan Number     Name            Balance     Rate      P&I Payment   LTV   Status        Term        Servicer     
- ----------- -----------     ----          -----------   ----      ------------  ----  ------        ----        --------     
<S>         <C>            <C>              <C>         <C>         <C>          <C>  <C>           <C>         <C>          
 7033079    7033079WN      WRIGHT            104757.4    10.75       980.16      75   OWNER         360         WENDOVER     
 7034515    7034515WN      THOMAS            55241.64    11.75       560.23      75   NON OWNER     360         WENDOVER     
 7117443    7117443WN      ZANOTTI           149819.6     10.5      1372.11      75   OWNER         360         WENDOVER     
 7028665    7028665WN      YOUNGS           125803.49    10.65      1166.73      75   OWNER         360         WENDOVER     
 7024847    7024847WN      SMIDA            149480.66     9.75      1288.74      75   OWNER         360         WENDOVER     
 7024912    7024912WN      TURLEY            77759.43     13.5       902.01      75   OWNER         360         WENDOVER     
 7016942    7016942WN      DRUM             104722.82   10.125       931.17      75   OWNER         360         WENDOVER     
 7019037    7019037WN      MCGAW             46423.05   10.375       421.02      75   OWNER         360         WENDOVER     
 7023666    7023666WN      DAVIDSON         122059.33    11.89      1247.14      75   OWNER         360         WENDOVER     
 7025307    7025307WN      STANLEY           85997.04    9.625       733.12      75   OWNER         360         WENDOVER     
 7025869    7025869WN      HARRETT           62010.18       11        591.4      75   OWNER         360         WENDOVER     
 7025992    7025992WN      KINSMAN           44917.18    9.875       390.76      75   OWNER         360         WENDOVER     
 7026149    7026149WN      SHEMWELL          71138.29   10.625       658.42      75   OWNER         360         WENDOVER     
 7046493    7046493WN      JONES             89918.45     11.8       911.92      75   OWNER         360         WENDOVER     
 7056781    7056781WN      RYAN              106900.8      9.8       923.23      75   NON OWNER     360         WENDOVER     
 7056823    7056823WN      EMENKA JEFFERS   119909.24    10.75      1120.18      75   OWNER         360         WENDOVER     
 7034531    7034531WN      SMILEY            70337.09    10.75       658.11      75   OWNER         360         WENDOVER     
 7037872    7037872WN      WOLFSBERGER       30403.26     9.25       250.92      75   OWNER         360         WENDOVER     
 7102353    7102353WN      BOOHER            89153.65       11       849.95      75   OWNER         360         WENDOVER     
 7102437    7102437WN      BEAMS            133631.84   10.375      1213.25      75   OWNER         360         WENDOVER     
 7040611    7040611WN      JONES             37430.23    11.75       378.53      75   OWNER         360         WENDOVER     
 7032451    7032451WN      SCHULZ            68064.63     9.99       598.44      75   OWNER         360         WENDOVER     
 7034820    7034820WN      DAVIS             51289.05    10.75       479.93      75   OWNER         360         WENDOVER     
 7035256    7035256WN      LINDGREN         102499.04    10.49       939.13      75   OWNER         360         WENDOVER     
 7038391    7038391WN      ROMAN            112279.03     11.5      1114.08      75   NON OWNER     360         WENDOVER     
 7039092    7039092WN      PRIEBE            87989.54     8.75       694.66      75   OWNER         360         WENDOVER     
 7039399    7039399WN      NAWARA           232093.04    12.75      2526.56      75   OWNER         360         WENDOVER     
 7039423    7039423WN      ZUBEL             88209.48     10.5       808.86      75   OWNER         360         WENDOVER     
 7042112    7042112WN      BROWN            100196.82       11       957.09      75   NON OWNER     360         WENDOVER     
 7042161    7042161WN      STEWART           30689.58     11.5       304.52      75   NON OWNER     360         WENDOVER     
 7042195    7042195WN      HANSON            93495.32     9.99       822.04      75   OWNER         360         WENDOVER     
 7042419    7042419WN      FERGUSON          74835.78       11       714.25      75   OWNER         360         WENDOVER     
 7042468    7042468WN      KITCHELL          78527.07     9.99       690.51      75   OWNER         360         WENDOVER     
 7042724    7042724WN      GOLDIE           179397.63     8.99      1447.03      75   OWNER         360         WENDOVER     
 7042963    7042963WN      SENGSTOCK         76281.42     9.75       657.26      75   OWNER         360         WENDOVER     
 7028020    7028020WN      BARBER             67521.9     7.99       497.02      75   OWNER         360         WENDOVER     
 7028285    7028285WN      DAWSON            63646.24    10.45       580.76      75   OWNER         360         WENDOVER     
 7028236    7028236WN      YANG             142110.04     10.7      1324.86      75   OWNER         360         WENDOVER     
 7028996    7028996WN      LYON             168406.89      9.4      1406.65      75   OWNER         360         WENDOVER     
 7028699    7028699WN      LEBRON            31080.99     11.1       298.76      75   NON OWNER     360         WENDOVER     
10091015    10091015WN     CORMIER           61455.02   10.905       581.27      75   OWNER         360         WENDOVER     
 7025893    7025893WN      HEMPEL           163618.42     8.75      1290.19      75   OWNER         360         WENDOVER     
10090694    10090694WN     ELROD             52293.05    10.35       473.68      75   NON OWNER     360         WENDOVER     
 7115447    7115447WN      BALLANCE          79873.54      7.2       543.04      75   OWNER         360         WENDOVER     
 7103211    7103211WN      WUBKER            87854.71        9       708.07      74   OWNER         360         WENDOVER     
 7116171    7116171WN      LENT              48975.84     14.5       600.04      74   OWNER         360         WENDOVER     
 7023831    7023831WN      SHAPIRO          239675.39     9.95      2097.31      74   OWNER         360         WENDOVER     
 7042930    7042930WN      CORPORON         246416.07     9.25      2033.66      74   OWNER         360         WENDOVER     
 7028202    7028202WN      SUH              347176.21     8.25      2621.92      74   OWNER         360         WENDOVER     
 7118730    7118730WN      KING             199764.21     8.65      1559.14      73   OWNER         360         WENDOVER     
 7118532    7118532WN      ATKINS           224724.74     8.47      1725.27      73   OWNER         360         WENDOVER     
 7031396    7031396WN      WILLIAMS          43877.14    11.25       427.36      73   NON OWNER     360         WENDOVER     
 7038367    7038367WN      MOORE             32157.08    13.25        362.5      73   OWNER         360         WENDOVER     
 7038417    7038417WN      COLTER            29859.34    10.99       284.76      73   OWNER         360         WENDOVER     
 7042393    7042393WN      BEARD             25360.74    10.99       241.94      73   OWNER         360         WENDOVER     
 7016843    7016843WN      HANAWAY           122140.7    9.625      1041.25      73   OWNER         360         WENDOVER     
 7025794    7025794WN      COTE              86040.65    8.875       686.25      72   OWNER         360         WENDOVER     
 7118581    7118581WN      DERRICK           57389.69     8.72       451.71      72   OWNER         360         WENDOVER     
 7032980    7032980WN      CLAY              69789.57       10       615.45      72   OWNER         360         WENDOVER     
 7035058    7035058WN      VANDERHORST      100687.09     10.7       938.31      72   OWNER         360         WENDOVER     
 7042831    7042831WN      BAKER            108184.05    10.49       991.69      72   OWNER         360         WENDOVER     
 7033319    7033319WN      TANG              22435.72     9.75       193.31      71   NON OWNER     360         WENDOVER     
 7102270    7102270WN      BRISTEL           65893.83    9.125          537      71   OWNER         360         WENDOVER     
10089803    10089803WN     CURTIS            25191.01       11       239.99      70   OWNER         360         WENDOVER     
 7024086    7024086WN      CAMPBELL           55471.4   11.625       559.92      70   OWNER         360         WENDOVER     
 7045743    7045743WN      KASAPIDIS         92263.98   12.875      1013.11      70   OWNER         360         WENDOVER     
 7116676    7116676WN      WINDES            46154.08     12.7       500.25      70   OWNER         360         WENDOVER     
 7018534    7018534WN      BERRY             52428.06    11.25       509.92      70   OWNER         360         WENDOVER     
 7035546    7035546WN      SCOTT             24454.42    11.75       247.31      70   NON OWNER     360         WENDOVER     
 7102932    7102932WN      BELTRAN            69750.9    6.625       448.22      70   OWNER         360         WENDOVER     
 7115272    7115272WN      DULIN             20948.26     9.65       178.89      70   OWNER         360         WENDOVER     
10036648    10036648WN     MIXCO             27983.38   13.675       324.57      70   OWNER         360         WENDOVER     
</TABLE>                                   

  Servicer    AMRESCO       Last                                          Due   
Loan Number Loan Number     Name               Originator                 Date  
- ----------- -----------     ----               ----------                 ----  
 7033079    7033079WN      WRIGHT           WMC                         19980601
 7034515    7034515WN      THOMAS           WMC                         19980501
 7117443    7117443WN      ZANOTTI          STANDARD FINANCIAL          19980601
 7028665    7028665WN      YOUNGS           BNC                         19980601
 7024847    7024847WN      SMIDA            PAN AMERICAN                19980701
 7024912    7024912WN      TURLEY           PAN AMERICAN                19980701
 7016942    7016942WN      DRUM             PAN AMERICAN                19980501
 7019037    7019037WN      MCGAW            PAN AMERICAN                19980601
 7023666    7023666WN      DAVIDSON         PARKWAY                     19980702
 7025307    7025307WN      STANLEY          PAN AMERICAN                19980701
 7025869    7025869WN      HARRETT          PAN AMERICAN                19980701
 7025992    7025992WN      KINSMAN          PAN AMERICAN                19980701
 7026149    7026149WN      SHEMWELL         PAN AMERICAN                19980601
 7046493    7046493WN      JONES            PARKWAY MORTGAGE            19980728
 7056781    7056781WN      RYAN             PARKWAY MORTGAGE            19980703
 7056823    7056823WN      EMENKA JEFFERS   PARKWAY MORTGAGE            19980703
 7034531    7034531WN      SMILEY           WMC                         19980601
 7037872    7037872WN      WOLFSBERGER      WMC                         19980701
 7102353    7102353WN      BOOHER           PAN AMERICAN                19980601
 7102437    7102437WN      BEAMS            PAN AMERICAN                19980601
 7040611    7040611WN      JONES            WMC                         19980601
 7032451    7032451WN      SCHULZ           WMC                         19980601
 7034820    7034820WN      DAVIS            WMC                         19980601
 7035256    7035256WN      LINDGREN         WMC                         19980701
 7038391    7038391WN      ROMAN            WMC                         19980501
 7039092    7039092WN      PRIEBE           WMC                         19980601
 7039399    7039399WN      NAWARA           WMC                         19980601
 7039423    7039423WN      ZUBEL            WMC                         19980601
 7042112    7042112WN      BROWN            WMC                         19980601
 7042161    7042161WN      STEWART          WMC                         19980601
 7042195    7042195WN      HANSON           WMC                         19980701
 7042419    7042419WN      FERGUSON         WMC                         19980601
 7042468    7042468WN      KITCHELL         WMC                         19980701
 7042724    7042724WN      GOLDIE           WMC                         19980701
 7042963    7042963WN      SENGSTOCK        WMC                         19980601
 7028020    7028020WN      BARBER           BNC                         19980501
 7028285    7028285WN      DAWSON           BNC                         19980601
 7028236    7028236WN      YANG             BNC                         19980501
 7028996    7028996WN      LYON             BNC                         19980601
 7028699    7028699WN      LEBRON           BNC                         19980501
10091015    10091015WN     CORMIER          ALTERNATIVE LENDING         19980601
 7025893    7025893WN      HEMPEL           PAN AMERICAN                19980701
10090694    10090694WN     ELROD            CONCORD FUNDING CORP        19980501
 7115447    7115447WN      BALLANCE         MLN                         19980623
 7103211    7103211WN      WUBKER           PAN AMERICAN                19980601
 7116171    7116171WN      LENT             PARKWAY                     19980621
 7023831    7023831WN      SHAPIRO          PARKWAY                     19980704
 7042930    7042930WN      CORPORON         WMC                         19980501
 7028202    7028202WN      SUH              BNC                         19980601
 7118730    7118730WN      KING             CHADWICK MORTGAGE           19980701
 7118532    7118532WN      ATKINS           CHADWICK MORTGAGE           19980701
 7031396    7031396WN      WILLIAMS         WMC                         19980701
 7038367    7038367WN      MOORE            WMC                         19980601
 7038417    7038417WN      COLTER           WMC                         19980601
 7042393    7042393WN      BEARD            WMC                         19980501
 7016843    7016843WN      HANAWAY          PAN AMERICAN                19980601
 7025794    7025794WN      COTE             PAN AMERICAN                19980701
 7118581    7118581WN      DERRICK          CHADWICK MORTGAGE           19980701
 7032980    7032980WN      CLAY             WMC                         19980701
 7035058    7035058WN      VANDERHORST      WMC                         19980501
 7042831    7042831WN      BAKER            WMC                         19980601
 7033319    7033319WN      TANG             WMC                         19980701
 7102270    7102270WN      BRISTEL          PAN AMERICAN                19980601
10089803    10089803WN     CURTIS           MORTGAGE PLUS OF KAL        19980601
 7024086    7024086WN      CAMPBELL         PAN AMERICAN                19980701
 7045743    7045743WN      KASAPIDIS        PARKWAY MORTGAGE            19980524
 7116676    7116676WN      WINDES           STANDARD FINANCIAL          19980501
 7018534    7018534WN      BERRY            PAN AMERICAN                19980701
 7035546    7035546WN      SCOTT            WMC                         19980601
 7102932    7102932WN      BELTRAN          PAN AMERICAN                19980601
 7115272    7115272WN      DULIN            MLN                         19980717
10036648    10036648WN     MIXCO            EDGE MORTGAGE SERVICE       19980701
                                            
                                  Page 14 of 17

<PAGE>

AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
Loan Schedule: 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>
 7030505      7030505WN      MIRZA          220 LOMBARD ST                   SAN FRANCISCO     CA      94111    CONDO       20271201
 7045685      7045685WN      SMITH          496 EAST 129th STREET            CLEVELAND         OH      44108    SFR         20271219
 7028848      7028848WN      PITTAS         7104 E LOMBARD ST                LANDOVER          MD      20785    SFR         20280201
 7018518      7018518WN      BARRERA        2921 WEST ELLA STREET            PASCO             WA      99301    SFR         20280201
 7033459      7033459WN      ROBINSON       3455 N GOPHER DRIVE              CHINO VALLEY      AZ      86323    SFR         20271201
 7117278      7117278WN      SHERMAN        14745 HIGH VALLEY LANE SE        TENINO            WA      98589    MANUFD HOME 20280301
 7030349      7030349WN      BUMPERS        4343 CASSANDRA DRIVE             NORTH LAS VEGAS   NV      89030    SFR         20271201
10090025      10090025WN     ARTAZA         754 WEST 500 NORTH               SALT LAKE CITY    UT      84116    SFR         20280401
 7014640      7014640WN      HEIN           2749 VIA VIEJAS                  ALPINE            CA      91901    SFR         20280201
 7014673      7014673WN      MODOONO        12 GRAPEVIEN AVENUE              LEXINGTON         MA       2173    SFR         20280101
 7043649      7043649WN      KELLEY         72 GLEN AVENUE PORT CHESTER      PORT CHESTER      NY      10573    SFR         20271201
 7044019      7044019WN      BOND           179 PRESIDENTS LANE UNIT 4I      QUINCY            MA       2169    CONDO       20271210
 7044407      7044407WN      KENNY          1614 N. WOOD CHICAGO             CHICAGO           IL      60622    2-4 UNITS   20271219
 7032238      7032238WN      COOPER         743 EAST 84TH STREET             LOS ANGELES       CA      90001    SFR         20271001
 7033129      7033129WN      MEADOWS        516 N. FRANKLINTOWN ROAD         BALTIMORE         MD      21223    TOWNHOUSE   20271001
 7033848      7033848WN      FOSTER         15401 MONTE VISTA STREET         DETROIT           MI      48238    SFR         20271101
10037307      10037307WN     LANGBERT       591 DIXWELL AVENUE               NEW HAVEN         CT       6511    2-4 UNITS   20280301
 7017601      7017601WN      WAXMAN         38834 STANRIDGE AVENUE           PALMDALE          CA      93550    SFR         20280101
 7018831      7018831WN      GREGG          21403 NE 91ST ST                 REDMOND           WA      98053    SFR         20280201
 7023161      7023161WN      HULME          1 TEAL COURT HIGHTSTOWN          HIGHTSTOWN        NJ       8520    CONDO       20271217
 7023559      7023559WN      MARTINEZ       285 NORTH WEST 48TH PL MIAMI     MIAMI             FL      33126    SFR         20280201
 7023823      7023823WN      BARRY          MEYERSVILLE ROAD HARDING TWP.    HARDING TWP       NJ       7935    SFR         20280204
 7025380      7025380WN      HAMLETTE       416 SWAN CREEK ROAD              FORT WASHINGTON   MD      20744    SFR         20280201
 7025547      7025547WN      KURTZWEIL      18354 MOORHAVEN DR.              SPRING HILL       FL      34610    SFR         20280201
 7101322      7101322WN      HARDING        1950 HARDING ROAD                YODER             CO      80864    SFR         20280301
 7101355      7101355WN      MATAIPULE      4418 BERRYKNOLL DRIVE            COLORADO SPRINGS  CO      80916    SFR         20280301
 7101595      7101595WN      HUDSON         607 BROOKSHIRE AVENUE            COLORADO SPRINGS  CO      80906    SFR         20280301
 7102254      7102254WN      HOPSON         359 BEAVER STREET                AKRON             OH      44306    SFR         20280301
 7035983      7035983WN      GARDNER        15937 WHITCOMB AVENUE            CLEVELAND         OH      44110    SFR         20271201
 7036809      7036809WN      PAULINO        10-12 NORWICH AVENUE             PROVIDENCE        RI       2905    2-4 UNITS   20271201
 7039100      7039100WN      WILLIAMS       3745 EUDORA STREET               DENVER            CO      80207    SFR         20271201
 7039365      7039365WN      SRAMEK         1440 74TH AVENUE                 OAKLAND           CA      94621    SFR         20271201
 7040033      7040033WN      DENNEY         234 REASOR                       ST. LOUIS         MO      63135    SFR         20271201
 7042252      7042252WN      RHEAMS         15974 GUNBOLT                    MAUREPAS          LA      70449    SFR         20271201
 7028152      7028152WN      MCGEORGE       103 MOROSS                       MT. CLEMENS       MI      48043    SFR         20280101
10091601      10091601WN     KIM            2224 CANYONLANDS DRI             MARYLAND HIEGHTS  MO      63043    CONDO       20280501
10091361      10091361WN     SMITH          7507 MALABAR LANE                DALLAS            TX      75230    SFR         20280501
10091163      10091163WN     MANLEY         3215 UPLAND CIRLCE               PARK CITY         UT      84060    SFR         20280201
 7117534      7117534WN      ETZELMILLER    19 VALLEY DRIVE                  CASPER            WY      82604    SFR         20280301
 7035207      7035207WN      TRISSEL        373 EAST GLEED ROAD              NACHES            WA      98937    SFR         20271201
 7102452      7102452WN      JOHNS          172 ALICE RITA ST.               COLUMBUS          OH      43228    SFR         20280301
 7042609      7042609WN      ALGAWI         5335 TYRONE AVENUE               SHERMAN OAKS      CA      91401    SFR         20271201
 7025414      7025414WN      GUTHRIE        809 LIBRA DRIVE                  COLO SPRINGS      CO      80906    SFR         20280201
 7027576      7027576WN      MILLS          345 SCUDDER AVENUE               NORTHPORT         NY      11768    SFR         20280101
 7023963      7023963WN      ALIAGA         410 DAVIS AVENUE                 KEARNY            NJ       7032    2-4 UNITS   20280301
 7044423      7044423WN      DIFUSCO        100 CAPEN STREET MEDFORD         MEDFORD           MA       2155    2-4 UNITS   20271222
 7035884      7035884WN      PARKS          9917 CARLIN STR                  DETROIT           MI      48227    SFR         20271201
 7119985      7119985WN      DOUGHMAN       3 RAVENS RIDGE ROAD              LAMY              NM      87540    SFR         20280401
 7041668      7041668WN      CRAMER         5020 DANTES VIEW DRIVE           AGOURA HILLS      CA      91301    SFR         20271201
 7027527      7027527WN      KNIGHT         2284 LUCAS DRIVE                 WARRENTON         OR      97146    PUD         20280101
 7025851      7025851WN      HAINES         1848 226TH PLACE NORTHEAST       REDMOND           WA      98053    SFR         20280301
10089605      10089605WN     ADAMS          521 EAST 6TH AVENUE              SALT LAKE CITY    UT      84103    SFR         20280401
 7102908      7102908WN      MIRANDA        14915 12TH AVE. E.               TACOMA            WA      98445    SFR         20280201
 7116197      7116197WN      SAUNDERS       1535 STANWICK AVE                JOHNS ISLAND      SC      29455    SFR         20280128
 7101470      7101470WN      VALENCIA       120 4TH AVE                      SAN MANUEL        AZ      85631    SFR         20280301
 7043946      7043946WN      LEBERT         139-141 WINTHROP STREE MEDFORD   MEDFORD           MA       2155    2-4 UNITS   20271208
 7025711      7025711WN      BYRD           6496 SOUTH WINDWOOD CIRCLE       TALLAHASSEE       FL      32311    SFR         20280201
 7035744      7035744WN      JOHNSON        16594 STEEL                      DETROIT           MI      48235    SFR         20271201
 7033095      7033095WN      MCCOY          RT 1 BOX 150                     LUMBERPORT        WV      26386    SFR         20271201
 7024136      7024136WN      CLARK          1726-D NORTH OAK KNOLL DRIVE     ANAHEIM           CA      92807    CONDO       20280201
 7117500      7117500WN      TAYLOR         3811 S. ARGONNE ST.              AURORA            CO      80013    SFR         20280101
 7100399      7100399WN      TODD           12065 SILICON AVENUE             CHINO AREA        CA      91710    SFR         20280301
10049849      10049849WN     CHAVEZ         358 WEST ANZA DRIVE              NOGALES           AZ      85621    SFR         20271101
 7033640      7033640WN      LEWIS          6835 S. MAY STREET               CHICAGO           IL      60621    2-4 UNITS   20271201
 7032683      7032683WN      JOHNSON        389 HERKIMER STREET              BROOKLYN          NY      11213    2-4 UNITS   20270901
 7030661      7030661WN      ROGERS         8033 SE CRYSTAL SPRINGS BLVD     PORTLAND          OR      97206    SFR         20271201
 7030711      7030711WN      FOWLER         21932 SCHIEFFER ROAD             COLTON            OR      97017    SFR         20271201
 7032196      7032196WN      LEWALLEN       1707 NORTH 13TH STREET           BOISE             ID      83702    SFR         20271101
 7032162      7032162WN      WINSTON        432 NORMAL AVENUE                SCHAUMBURG        IL      60173    SFR         20271101
 7038946      7038946WN      RANDA          5653 TROOST AVENUE               LOS ANGELES       CA      91601    SFR         20271201
 7033707      7033707WN      MURRAY         25151 PEARL STREET               ROSEVILLE         MI      48066    SFR         20271101
 7033780      7033780WN      WOLFE          1774 ROSEMARY ROAD               HIGHLAND PARK     IL      60035    SFR         20271201
<CAPTION>
                                           6/1/1998
  Servicer    AMRESCO       Last         * Scheduled  Current      Current          Occupancy     Original                  
Loan Number Loan Number     Name           Balance     Rate      P&I Payment   LTV   Status        Term        Servicer     
- ----------- -----------     ----         -----------   ----      ------------  ----  ------        ----        --------     
<S>         <C>            <C>             <C>         <C>         <C>          <C>  <C>           <C>         <C>          
 7030505    7030505WN      MIRZA           147791.24     7.99      1087.88      70   OWNER         360         WENDOVER     
 7045685    7045685WN      SMITH            52335.89    11.99       539.62      70   OWNER         360         WENDOVER     
 7028848    7028848WN      PITTAS           45432.03    10.85       428.16      70   NON OWNER     360         WENDOVER     
 7018518    7018518WN      BARRERA         104790.93      9.5        882.9      70   OWNER         360         WENDOVER     
 7033459    7033459WN      ROBINSON        132628.41    10.49      1215.61      70   OWNER         360         WENDOVER     
 7117278    7117278WN      SHERMAN          87404.61    10.95       829.88      70   OWNER         360         WENDOVER     
 7030349    7030349WN      BUMPERS          83718.91     8.99       675.28      70   OWNER         360         WENDOVER     
10090025    10090025WN     ARTAZA           79737.67     10.6       735.93      70   OWNER         360         WENDOVER     
 7014640    7014640WN      HEIN             272796.3    13.97      3228.22      70   OWNER         360         WENDOVER     
 7014673    7014673WN      MODOONO          118765.2    10.58      1095.22      70   OWNER         360         WENDOVER     
 7043649    7043649WN      KELLEY          174667.35    11.65      1753.07      70   OWNER         360         WENDOVER     
 7044019    7044019WN      BOND              38429.9    10.99       366.36      70   NON OWNER     360         WENDOVER     
 7044407    7044407WN      KENNY           255035.65    11.15      2462.04      70   NON OWNER     360         WENDOVER     
 7032238    7032238WN      COOPER           81616.85    10.25       733.91      70   NON OWNER     360         WENDOVER     
 7033129    7033129WN      MEADOWS           29627.4       11       282.99      70   NON OWNER     360         WENDOVER     
 7033848    7033848WN      FOSTER           34910.15       11       333.32      70   OWNER         360         WENDOVER     
10037307    10037307WN     LANGBERT         61518.01   10.025       541.72      70   NON OWNER     360         WENDOVER     
 7017601    7017601WN      WAXMAN            31429.1   10.875       297.02      70   NON OWNER     360         WENDOVER     
 7018831    7018831WN      GREGG           117365.84      9.5       988.85      70   OWNER         360         WENDOVER     
 7023161    7023161WN      HULME            62911.05    12.15       655.31      70   OWNER         360         WENDOVER     
 7023559    7023559WN      MARTINEZ         97827.72    10.09       866.55      70   OWNER         360         WENDOVER     
 7023823    7023823WN      BARRY           174777.94    10.25      1568.18      70   OWNER         360         WENDOVER     
 7025380    7025380WN      HAMLETTE        349225.81        9      2816.18      70   OWNER         360         WENDOVER     
 7025547    7025547WN      KURTZWEIL        50323.08    10.75       470.47      70   OWNER         360         WENDOVER     
 7101322    7101322WN      HARDING         114767.13    10.75      1073.51      70   OWNER         360         WENDOVER     
 7101355    7101355WN      MATAIPULE        69926.45   11.125       673.25      70   NON OWNER     360         WENDOVER     
 7101595    7101595WN      HUDSON           52776.27    9.875       458.93      70   OWNER         360         WENDOVER     
 7102254    7102254WN      HOPSON           21997.05        8        161.8      70   NON OWNER     360         WENDOVER     
 7035983    7035983WN      GARDNER          39130.97       12       403.22      70   OWNER         360         WENDOVER     
 7036809    7036809WN      PAULINO          67017.44     9.99       589.24      70   OWNER         360         WENDOVER     
 7039100    7039100WN      WILLIAMS         64205.68     9.49       541.05      70   OWNER         360         WENDOVER     
 7039365    7039365WN      SRAMEK           36969.55     8.75       291.87      70   NON OWNER     360         WENDOVER     
 7040033    7040033WN      DENNEY           37039.55    12.35       391.64      70   OWNER         360         WENDOVER     
 7042252    7042252WN      RHEAMS           41927.78    12.25       440.12      70   OWNER         360         WENDOVER     
 7028152    7028152WN      MCGEORGE         63608.03    12.05       657.68      70   OWNER         360         WENDOVER     
10091601    10091601WN     KIM              51783.45     11.5       512.97      70   OWNER         360         WENDOVER     
10091361    10091361WN     SMITH           230868.47      8.8      1825.53      70   OWNER         360         WENDOVER     
10091163    10091163WN     MANLEY           411580.6   10.125      3656.37      70   OWNER         360         WENDOVER     
 7117534    7117534WN      ETZELMILLER      54898.28     8.45       420.96      69   OWNER         360         WENDOVER     
 7035207    7035207WN      TRISSEL         111601.18     8.99       900.38      69   OWNER         360         WENDOVER     
 7102452    7102452WN      JOHNS            45457.14   11.625       454.93      69   NON OWNER     360         WENDOVER     
 7042609    7042609WN      ALGAWI          282146.26     9.49      2377.56      69   OWNER         360         WENDOVER     
 7025414    7025414WN      GUTHRIE         143727.94     9.75      1237.19      69   OWNER         360         WENDOVER     
 7027576    7027576WN      MILLS           234299.91     9.55      1984.59      68   OWNER         360         WENDOVER     
 7023963    7023963WN      ALIAGA          104701.15    8.375       798.08      68   OWNER         360         WENDOVER     
 7044423    7044423WN      DIFUSCO         119250.57     7.85       868.01      67   OWNER         360         WENDOVER     
 7035884    7035884WN      PARKS            29932.87       11        285.7      67   OWNER         360         WENDOVER     
 7119985    7119985WN      DOUGHMAN        174917.48      9.7       1497.1      67   OWNER         360         WENDOVER     
 7041668    7041668WN      CRAMER          198788.34      8.5      1537.83      67   OWNER         360         WENDOVER     
 7027527    7027527WN      KNIGHT          226402.46     9.25      1867.47      67   OWNER         360         WENDOVER     
 7025851    7025851WN      HAINES          159735.82        9       1287.4      67   OWNER         360         WENDOVER     
10089605    10089605WN     ADAMS           149085.99     8.99      1199.83      66   NON OWNER     360         WENDOVER     
 7102908    7102908WN      MIRANDA          84220.48        7       562.19      66   OWNER         360         WENDOVER     
 7116197    7116197WN      SAUNDERS         32970.88    13.24       371.25      66   OWNER         360         WENDOVER     
 7101470    7101470WN      VALENCIA         39950.56   10.375       362.17      66   OWNER         360         WENDOVER     
 7043946    7043946WN      LEBERT          140745.34     9.99      1236.34      66   OWNER         360         WENDOVER     
 7025711    7025711WN      BYRD            149716.61     9.75      1288.74      65   OWNER         360         WENDOVER     
 7035744    7035744WN      JOHNSON          32412.78    10.99       309.26      65   OWNER         360         WENDOVER     
 7033095    7033095WN      MCCOY            48643.06    10.99       463.89      65   OWNER         360         WENDOVER     
 7024136    7024136WN      CLARK            68089.34    10.25       611.59      65   NON OWNER     360         WENDOVER     
 7117500    7117500WN      TAYLOR           89165.34      9.8       771.15      65   OWNER         360         WENDOVER     
 7100399    7100399WN      TODD            149353.68    11.45      1474.79      65   OWNER         360         WENDOVER     
10049849    10049849WN     CHAVEZ           56476.43    13.99        669.6      65   OWNER         360         WENDOVER     
 7033640    7033640WN      LEWIS            38849.53    10.99        370.5      65   OWNER         360         WENDOVER     
 7032683    7032683WN      JOHNSON         132805.36    10.99      1267.97      65   OWNER         360         WENDOVER     
 7030661    7030661WN      ROGERS           80776.97     8.49       624.17      65   OWNER         360         WENDOVER     
 7030711    7030711WN      FOWLER          116004.54     8.49       896.12      65   OWNER         360         WENDOVER     
 7032196    7032196WN      LEWALLEN         58348.88    10.99       556.67      65   OWNER         360         WENDOVER     
 7032162    7032162WN      WINSTON          56096.22    10.99       538.12      65   OWNER         360         WENDOVER     
 7038946    7038946WN      RANDA             71347.6   11.125       687.68      65   OWNER         360         WENDOVER     
 7033707    7033707WN      MURRAY            44064.5    10.99        420.6      65   OWNER         360         WENDOVER     
 7033780    7033780WN      WOLFE           188086.45    10.99      1793.71      65   OWNER         360         WENDOVER     
</TABLE>                                            

  Servicer    AMRESCO       Last                                         Due   
Loan Number Loan Number     Name              Originator                 Date  
- ----------- -----------     ----              ----------                 ----  
 7030505    7030505WN      MIRZA           WMC                         19980701
 7045685    7045685WN      SMITH           PARKWAY MORTGAGE            19980524
 7028848    7028848WN      PITTAS          BNC                         19980601
 7018518    7018518WN      BARRERA         PAN AMERICAN                19980601
 7033459    7033459WN      ROBINSON        WMC                         19980601
 7117278    7117278WN      SHERMAN         STANDARD FINANCIAL          19980601
 7030349    7030349WN      BUMPERS         WMC                         19980601
10090025    10090025WN     ARTAZA          AMERICREDIT CORP            19980601
 7014640    7014640WN      HEIN            ALTERNATIVE LENDING         19980501
 7014673    7014673WN      MODOONO         ALTERNATIVE LENDING         19980701
 7043649    7043649WN      KELLEY          PARKWAY MORTGAGE            19980601
 7044019    7044019WN      BOND            PARKWAY MORTGAGE            19980710
 7044407    7044407WN      KENNY           PARKWAY MORTGAGE            19980719
 7032238    7032238WN      COOPER          WMC                         19980701
 7033129    7033129WN      MEADOWS         WMC                         19980501
 7033848    7033848WN      FOSTER          WMC                         19980501
10037307    10037307WN     LANGBERT        FIRST AMERICAN MTG          19980701
 7017601    7017601WN      WAXMAN          PAN AMERICAN                19980501
 7018831    7018831WN      GREGG           PAN AMERICAN                19980601
 7023161    7023161WN      HULME           PARKWAY                     19980517
 7023559    7023559WN      MARTINEZ        PARKWAY                     19980601
 7023823    7023823WN      BARRY           PARKWAY                     19980604
 7025380    7025380WN      HAMLETTE        PAN AMERICAN                19980601
 7025547    7025547WN      KURTZWEIL       PAN AMERICAN                19980701
 7101322    7101322WN      HARDING         PAN AMERICAN                19980601
 7101355    7101355WN      MATAIPULE       PAN AMERICAN                19980601
 7101595    7101595WN      HUDSON          PAN AMERICAN                19980601
 7102254    7102254WN      HOPSON          PAN AMERICAN                19980601
 7035983    7035983WN      GARDNER         WMC                         19980601
 7036809    7036809WN      PAULINO         WMC                         19980601
 7039100    7039100WN      WILLIAMS        WMC                         19980601
 7039365    7039365WN      SRAMEK          WMC                         19980701
 7040033    7040033WN      DENNEY          WMC                         19980601
 7042252    7042252WN      RHEAMS          WMC                         19980601
 7028152    7028152WN      MCGEORGE        BNC                         19980501
10091601    10091601WN     KIM             DOERING MORTGAGE            19980601
10091361    10091361WN     SMITH           THE MORTGAGE COMPANY        19980601
10091163    10091163WN     MANLEY          CMG FUNDING CORP            19980701
 7117534    7117534WN      ETZELMILLER     STANDARD FINANCIAL          19980701
 7035207    7035207WN      TRISSEL         WMC                         19980501
 7102452    7102452WN      JOHNS           PAN AMERICAN                19980501
 7042609    7042609WN      ALGAWI          WMC                         19980601
 7025414    7025414WN      GUTHRIE         PAN AMERICAN                19980701
 7027576    7027576WN      MILLS           AAMES                       19980601
 7023963    7023963WN      ALIAGA          PAN AMERICAN                19980701
 7044423    7044423WN      DIFUSCO         PARKWAY MORTGAGE            19980622
 7035884    7035884WN      PARKS           WMC                         19980701
 7119985    7119985WN      DOUGHMAN        ALTERNATIVE LENDING         19980601
 7041668    7041668WN      CRAMER          WMC                         19980601
 7027527    7027527WN      KNIGHT          AAMES                       19980701
 7025851    7025851WN      HAINES          PAN AMERICAN                19980601
10089605    10089605WN     ADAMS           AMERICREDIT CORP            19980601
 7102908    7102908WN      MIRANDA         PAN AMERICAN                19980601
 7116197    7116197WN      SAUNDERS        PARKWAY                     19980628
 7101470    7101470WN      VALENCIA        PAN AMERICAN                19980501
 7043946    7043946WN      LEBERT          PARKWAY MORTGAGE            19980708
 7025711    7025711WN      BYRD            PAN AMERICAN                19980701
 7035744    7035744WN      JOHNSON         WMC                         19980501
 7033095    7033095WN      MCCOY           WMC                         19980501
 7024136    7024136WN      CLARK           PAN AMERICAN                19980701
 7117500    7117500WN      TAYLOR          STANDARD FINANCIAL          19980601
 7100399    7100399WN      TODD            PAN AMERICAN                19980501
10049849    10049849WN     CHAVEZ          MLSG INC                    19980601
 7033640    7033640WN      LEWIS           WMC                         19980701
 7032683    7032683WN      JOHNSON         WMC                         19980701
 7030661    7030661WN      ROGERS          WMC                         19980601
 7030711    7030711WN      FOWLER          WMC                         19980601
 7032196    7032196WN      LEWALLEN        WMC                         19980701
 7032162    7032162WN      WINSTON         WMC                         19980701
 7038946    7038946WN      RANDA           WMC                         19980601
 7033707    7033707WN      MURRAY          WMC                         19980601
 7033780    7033780WN      WOLFE           WMC                         19980701
                                           
                                  Page 15 of 17

<PAGE>

AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
Loan Schedule: 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>
 7034085      7034085WN      PECK           ROUTE 2 BOX 8 D                     LEON                WV  25123   SFR         20271201
 7034796      7034796WN      GRIGSBY        3502 CHICAGO AVENUE                 MINNEAPOLIS         MN  55407   SFR         20271101
 7037112      7037112WN      WILD           2230 WEST CACTUS ROAD               PHOENIX             AZ  85209   SFR         20271201
 7031792      7031792WN      ANDERSON       306 HALL STREET                     TAMA                IA  52339   SFR         20270901
 7031438      7031438WN      KING           230-232 N BEVILLE                   INIDANAPOLIS        IN  46201   2-4 UNITS   20271001
 7040728      7040728WN      MCCARUS        1620 WEST RIVERVIEW DRIVE           BELLE               WV  25015   SFR         20271201
 7035801      7035801WN      HAAPA          1665 WEST TROY                      FERNDALE            MI  48220   SFR         20271101
 7032535      7032535WN      MADRID         13013 GARBER STREET                 PACOIMA             CA  91331   SFR         20271101
 7033087      7033087WN      KROENCKE       10820 DOUGLAS AVENUE                SILVER SPRINGS      MD  20902   TOWNHOUSE   20271101
 7033814      7033814WN      PATTERSON      9051 S EMERALD AVENUE               CHICAGO             IL  60620   SFR         20271101
 7031586      7031586WN      TIMBREZA       2331 BROCKTON WAY                   HENDERSON           NV  89014   PUD         20271101
 7024805      7024805WN      SCHEMELIA      521 CARROL AVENUE                   GLOUCESTER TOWNSHIP NJ   8012   SFR         20280201
 7027022      7027022WN      MONTGOMERY     1303 NE GERTZ ROAD                  PORTLAND            OR  97211   SFR         20271201
 7019011      7019011WN      MARTIN         94 MCNAUGHTON STREET                AKRON               OH  44305   SFR         20280101
 7019292      7019292WN      STILES         1519 RUSHMORE DRIVE                 COLORADO SPRINGS    CO  80910   SFR         20280201
 7025430      7025430WN      GREEN          3705 CLEVELAND AVENUE               COLUMBUS            OH  43224   SFR         20280201
 7056146      7056146WN      POWELL         3829 SPRINGGROVE                    CINCINNATI          OH  45214   2-4 UNITS   20280213
 7031685      7031685WN      DAVIS          20 WOODARD CIRCLE                   CHATTANOOGA         TN  37412   SFR         20271001
 7036064      7036064WN      CROWLEY        2340 S W 36TH AVENUE                FT LAUDERDALE       FL  33312   SFR         20271201
 7035728      7035728WN      DAVIDOVICH     24671 WESTMORELAND                  FARMINGTON HILLS    MI  48336   SFR         20271201
 7100951      7100951WN      ASHTON         7406 DRUMLEA ROAD                   CAPITOL HEIGHTS     MD  20743   PUD         20280301
 7036791      7036791WN      FILMORE        150 SOUTH 21ST STREET               IRVINGTON           NJ   7111   2-4 UNITS   20271201
 7037526      7037526WN      RIVERA         184 SCHOOL STREET                   ROXBURY             MA   2119   2-4 UNITS   20271101
 7038318      7038318WN      STAEHLING      1618 HARMAN AVENUE                  BALTIMORE           MD  21230   SFR         20271201
 7038359      7038359WN      REED           119 YORKSHIRE DRIVE                 MECHANICSBURG       PA  17055   SFR         20271201
 7038441      7038441WN      MEDRECKI       2449 WEST CORTEZ STREET             CHICAGO             IL  60622   2-4 UNITS   20271201
 7040660      7040660WN      REIDY          FIVE ROAD                           CARMEL              ME   4419   SFR         20271201
 7040702      7040702WN      BALLARD        1633 WEST CENTRAL AVENUE            BELLE               WV  25015   SFR         20271201
 7041197      7041197WN      REAY           BOX 816 SOUTH BRUNEAU HIGHWAY       MARSING             ID  83639   SFR         20271201
 7042344      7042344WN      MUELLER        3820 KISMET DRIVE                   HELENA              MT  59601   SFR         20271201
 7042401      7042401WN      PARRIS         18077 S WALDOW ROAD                 OREGON CITY         OR  97045   SFR         20271201
 7042849      7042849WN      PAULY          110 SOUTH RIVERSIDE DRIVE           HORSESHOE BEND      ID  83629   SFR         20271201
 7027204      7027204WN      WITHERSPOON    6120 NORTH WARNOCK STREET           PHILADELPHIA        PA  19141   SFR         20271201
 7029051      7029051WN      VELOZ          1625 N 24TH ST                      MILWAUKEE           WI  53210   2-4 UNITS   20280201
 7017528      7017528WN      HUFF           5939 MITCHLER AVENUE                STOCKTON            CA  95207   SFR         20280101
 7016496      7016496WN      HUERTA-NUNEZ   4690 JET WING CIRCLE                COLORADO SPRING     CO  80916   SFR         20280101
 7034143      7034143WN      JACOB SR.      2401 HUEY P LOANG AVENUE            GRETNA              LA  70053   2-4 UNITS   20271101
 7034101      7034101WN      PIFFATH        4300 N OCEAN BLVD 9-H               FT. LAUDERDALE      FL  33308   CONDO       20271101
 7014889      7014889WN      REICHELDERFER  33101 LYNX LANE                     EVERGREEN           CO  80439   SFR         20280201
 7033236      7033236WN      HILLENBRAND    9122 BAYSINGER DRIVELAS             LAS VEGAS           NV  89129   SFR         20271001
 7028228      7028228WN      WILLMANN       2012 N 45TH ST                      LELAND              IL  60531   SFR         20280101
 7026016      7026016WN      KOTILA         14630 SOUTHWEST PONY TRAIL ROAD     CROOKED RIVER RANCH OR  97760   MANUFD HOME 20280201
10090769      10090769WN     BEREJIKLIAN    12113 LOUIS AVE                     GRANADA HILLS       CA  91344   SFR         20280301
 7103229      7103229WN      DONG           2984 CABRILLO MESA DRIVE            SAN DIEGO           CA  92123   SFR         20280301
 7015316      7015316WN      FEHLMAN        16580 SW WHITETAIL LANE             BEAVERTON           OR  97008   SFR         20280201
 7018807      7018807WN      GINELLA        515 ORCHARD STREET                  SANTA ROSA          CA  95404   SFR         20280201
 7038565      7038565WN      RYAN           5229 WEST 105TH STREET              OAK LAWN            IL  60453   SFR         20271201
 7039431      7039431WN      SPENCER        4359-4549 BOULDER DR SE             SALEM               OR  97301   2-4 UNITS   20271201
 7040181      7040181WN      CURREN         8200 STARDUST LANE                  NORMAN              OK  73071   SFR         20271201
 7028780      7028780WN      BLISS          3909 CRANBERRY RD                   LONG BEACH          WA  98631   SFR         20280201
10091189      10091189WN     STOLAR         354 EAST STREET                     CHICOPEE            MA   1020   SFR         20280501
 7028368      7028368WN      PRADO          6421 BENVENUE AVE                   OAKLAND             CA  94618   SFR         20280201
 7034895      7034895WN      POE            724 WILKERSON TRAIL                 MEMANE              NC  27302   SFR         20271101
 7034036      7034036WN      JAMES          2887 SEMMES STREET                  EAST POINT          GA  30344   SFR         20271101
 7101587      7101587WN      JENKINS        637 SOUTH 850 EAST                  CENTERVILLE         UT  84014   SFR         20280301
 7036023      7036023WN      LONG JR.       259 EAST FREMONT STREET             FOSTORIA            OH  44830   SFR         20271201
 7031925      7031925WN      RAY            348 LANTANA DRIVE                   CHARLESTON          SC  29407   SFR         20271101
 7115876      7115876WN      CHOO           400 EAST OHIO STREET                CHICAGO             IL  60611   CONDO       20280309
 7024656      7024656WN      PAINTER        29549 OLD RAINIER ROAD              RAINIER             OR  97048   SFR         20280201
 7025018      7025018WN      WILLIAMS       10318 VOLTAIRE AVENUE               OAKLAND             CA  94603   SFR         20280201
 7038755      7038755WN      GORDON         20 SCOTT DRIVE                      SLIDELL             LA  70458   SFR         20271201
 7046071      7046071WN      BREGANI        17 LOUIS AVENUE                     DENNIS              MA   2639   SFR         20280113
 7036254      7036254WN      WILLIAMS       4005 NW 165TH STREET                OPA LOCKA           FL  33054   SFR         20271101
 7036122      7036122WN      REDD           523 LONDON STREET                   ALMA                AR  72921   SFR         20271101
 7033988      7033988WN      LONG           510 NW 15TH STREET                  GAINESVILLE         FL  32603   SFR         20271101
 7043672      7043672WN      FAHY           318 EAST 16TH AVENUE NORTH WILDWOOD NORTH WILDWOOD      NJ   8260   2-4 UNITS   20271202
 7030927      7030927WN      KEY            424 CAMDEN AVENUE                   ROMEOVILLE          IL  60446   SFR         20271101
 7036817      7036817WN      BATTAGLIA      26 CHERRY TREE LANE                 CHESTER             NJ   7930   SFR         20271101
 7027139      7027139WN      BARTLOWE       16038 HWY 121 NORTH                 BLUE RIDGE          TX  75424   SFR         20271101
 7045719      7045719WN      PRESTIA        140 FOUNTAIN STREET                 PHILADELPHIA        PA  19127   SFR         20271229
 7044852      7044852WN      THOMAS         12 NORTH KOEWING PLACE WEST ORANGE  WEST ORANGE         NJ   7052   SFR         20280105
 7041684      7041684WN      GADDIS         11535 ANDERSONVILLE ROAD            DAVISBURG           MI  48350   SFR         20271201
<CAPTION>
                                           6/1/1998
  Servicer    AMRESCO       Last          * Scheduled  Current      Current          Occupancy     Original                  
Loan Number Loan Number     Name            Balance     Rate      P&I Payment   LTV   Status        Term        Servicer     
- ----------- -----------     ----          -----------   ----      ------------  ----  ------        ----        --------     
<S>         <C>            <C>              <C>         <C>         <C>          <C>  <C>           <C>         <C>          
 7034085    7034085WN      PECK              48626.23    10.99       463.89      65   OWNER         360         WENDOVER     
 7034796    7034796WN      GRIGSBY           63502.33    10.99       606.15      65   OWNER         360         WENDOVER     
 7037112    7037112WN      WILD              54451.66     9.99       478.76      65   OWNER         360         WENDOVER     
 7031792    7031792WN      ANDERSON          32366.68    10.25       291.24      65   OWNER         360         WENDOVER     
 7031438    7031438WN      KING              29143.14    10.99       278.34      65   OWNER         360         WENDOVER     
 7040728    7040728WN      MCCARUS           36324.31    11.24       353.27      65   NON OWNER     360         WENDOVER     
 7035801    7035801WN      HAAPA             51856.67    10.75       485.42      65   OWNER         360         WENDOVER     
 7032535    7032535WN      MADRID            67899.24    13.49       778.35      65   OWNER         360         WENDOVER     
 7033087    7033087WN      KROENCKE            103215    10.99       989.64      65   OWNER         360         WENDOVER     
 7033814    7033814WN      PATTERSON         60930.82    10.99       581.41      65   OWNER         360         WENDOVER     
 7031586    7031586WN      TIMBREZA         118189.64    10.99      1127.57      65   OWNER         360         WENDOVER     
 7024805    7024805WN      SCHEMELIA         74659.51   10.125        649.1      65   OWNER         360         WENDOVER     
 7027022    7027022WN      MONTGOMERY        86809.11        9       700.83      65   OWNER         360         WENDOVER     
 7019011    7019011WN      MARTIN            26613.16    12.25       279.27      65   OWNER         360         WENDOVER     
 7019292    7019292WN      STILES            81178.58    13.25        914.7      65   OWNER         360         WENDOVER     
 7025430    7025430WN      GREEN             40215.45     9.25       331.54      65   NON OWNER     360         WENDOVER     
 7056146    7056146WN      POWELL            32473.01     13.5       372.26      65   NON OWNER     360         WENDOVER     
 7031685    7031685WN      DAVIS             43397.63    10.99       414.41      65   OWNER         360         WENDOVER     
 7036064    7036064WN      CROWLEY           65505.93    10.99       624.71      65   OWNER         360         WENDOVER     
 7035728    7035728WN      DAVIDOVICH       120952.06    10.99      1153.54      65   OWNER         360         WENDOVER     
 7100951    7100951WN      ASHTON            69428.93    11.25       675.03      65   NON OWNER     360         WENDOVER     
 7036791    7036791WN      FILMORE           60317.24    10.99       575.23      65   OWNER         360         WENDOVER     
 7037526    7037526WN      RIVERA           100444.83    10.75       940.49      65   OWNER         360         WENDOVER     
 7038318    7038318WN      STAEHLING          42770.1    10.74       400.15      65   OWNER         360         WENDOVER     
 7038359    7038359WN      REED              77819.42    10.74       727.53      65   OWNER         360         WENDOVER     
 7038441    7038441WN      MEDRECKI          73928.82    10.75       691.71      65   OWNER         360         WENDOVER     
 7040660    7040660WN      REIDY             50582.59    10.74        472.9      65   OWNER         360         WENDOVER     
 7040702    7040702WN      BALLARD            38833.3    11.24        378.5      65   NON OWNER     360         WENDOVER     
 7041197    7041197WN      REAY               56125.5    11.99       577.91      65   OWNER         360         WENDOVER     
 7042344    7042344WN      MUELLER           56419.32    10.75       527.89      65   OWNER         360         WENDOVER     
 7042401    7042401WN      PARRIS           191295.75    10.75      1789.96      65   OWNER         360         WENDOVER     
 7042849    7042849WN      PAULY             48506.72    10.99       463.89      65   OWNER         360         WENDOVER     
 7027204    7027204WN      WITHERSPOON       42180.12       13       467.37      65   OWNER         360         WENDOVER     
 7029051    7029051WN      VELOZ             27912.94     11.4       274.66      65   NON OWNER     360         WENDOVER     
 7017528    7017528WN      HUFF              67692.41      7.5       475.47      65   OWNER         360         WENDOVER     
 7016496    7016496WN      HUERTA-NUNEZ      79746.25     9.25       658.15      65   OWNER         360         WENDOVER     
 7034143    7034143WN      JACOB SR.         44379.53    10.75        415.4      64   OWNER         360         WENDOVER     
 7034101    7034101WN      PIFFATH          144627.01    10.99      1379.78      64   OWNER         360         WENDOVER     
 7014889    7014889WN      REICHELDERFER    229275.76     7.25      1569.01      64   OWNER         360         WENDOVER     
 7033236    7033236WN      HILLENBRAND      133510.65     9.99      1174.96      64   NON OWNER     360         WENDOVER     
 7028228    7028228WN      WILLMANN          104723.6     9.25       863.81      64   OWNER         360         WENDOVER     
 7026016    7026016WN      KOTILA             48633.6    8.625       379.18      63   OWNER         360         WENDOVER     
10090769    10090769WN     BEREJIKLIAN      334445.74     8.99      2693.08      63   OWNER         360         WENDOVER     
 7103229    7103229WN      DONG             106957.53      6.5        677.9      63   OWNER         360         WENDOVER     
 7015316    7015316WN      FEHLMAN          219433.03     8.25      1652.79      63   OWNER         360         WENDOVER     
 7018807    7018807WN      GINELLA          170622.13        9      1375.91      63   OWNER         360         WENDOVER     
 7038565    7038565WN      RYAN             124642.87     9.75      1073.95      63   OWNER         360         WENDOVER     
 7039431    7039431WN      SPENCER          119358.04     9.75      1028.41      63   OWNER         360         WENDOVER     
 7040181    7040181WN      CURREN            74051.37     8.99        597.3      63   OWNER         360         WENDOVER     
 7028780    7028780WN      BLISS             88802.12     9.05       719.32      63   OWNER         360         WENDOVER     
10091189    10091189WN     STOLAR            46987.06   12.175       489.79      63   OWNER         360         WENDOVER     
 7028368    7028368WN      PRADO             264502.3      9.5      2228.52      62   OWNER         360         WENDOVER     
 7034895    7034895WN      POE              121686.26    10.99      1160.92      62   OWNER         360         WENDOVER     
 7034036    7034036WN      JAMES             30349.23     11.5       302.54      61   OWNER         360         WENDOVER     
 7101587    7101587WN      JENKINS           99807.37     8.25       751.27      61   OWNER         360         WENDOVER     
 7036023    7036023WN      LONG JR.          15020.44     11.5       149.04      60   NON OWNER     360         WENDOVER     
 7031925    7031925WN      RAY               65369.34    13.25       810.56      60   OWNER         360         WENDOVER     
 7115876    7115876WN      CHOO             194785.74     8.99      1567.61      60   OWNER         360         WENDOVER     
 7024656    7024656WN      PAINTER          182676.44    8.375      1342.79      60   OWNER         360         WENDOVER     
 7025018    7025018WN      WILLIAMS          62153.51   13.375       715.42      60   NON OWNER     360         WENDOVER     
 7038755    7038755WN      GORDON            44871.44     9.75       386.62      60   OWNER         360         WENDOVER     
 7046071    7046071WN      BREGANI           85142.85    13.15       952.49      60   NON OWNER     360         WENDOVER     
 7036254    7036254WN      WILLIAMS           47895.1    11.74       484.15      60   NON OWNER     360         WENDOVER     
 7036122    7036122WN      REDD              22139.72    11.74       223.92      60   NON OWNER     360         WENDOVER     
 7033988    7033988WN      LONG              58059.03    11.74       587.04      60   NON OWNER     360         WENDOVER     
 7043672    7043672WN      FAHY              94785.15       10        833.7      60   NON OWNER     360         WENDOVER     
 7030927    7030927WN      KEY               50868.86    10.99        485.3      59   OWNER         360         WENDOVER     
 7036817    7036817WN      BATTAGLIA           139640    10.99       1332.2      59   OWNER         360         WENDOVER     
 7027139    7027139WN      BARTLOWE          74708.07    11.38       734.59      56   OWNER         360         WENDOVER     
 7045719    7045719WN      PRESTIA           42850.03    11.99       440.95      55   OWNER         360         WENDOVER     
 7044852    7044852WN      THOMAS           137260.05   10.125      1219.39      55   OWNER         360         WENDOVER     
 7041684    7041684WN      GADDIS            84715.54     8.99       683.32      54   OWNER         360         WENDOVER     
</TABLE>                                   

  Servicer    AMRESCO       Last                                          Due   
Loan Number Loan Number     Name               Originator                 Date  
- ----------- -----------     ----               ----------                 ----  
 7034085    7034085WN      PECK             WMC                         19980501
 7034796    7034796WN      GRIGSBY          WMC                         19980601
 7037112    7037112WN      WILD             WMC                         19980601
 7031792    7031792WN      ANDERSON         WMC                         19980601
 7031438    7031438WN      KING             WMC                         19980601
 7040728    7040728WN      MCCARUS          WMC                         19980601
 7035801    7035801WN      HAAPA            WMC                         19980501
 7032535    7032535WN      MADRID           WMC                         19980701
 7033087    7033087WN      KROENCKE         WMC                         19980601
 7033814    7033814WN      PATTERSON        WMC                         19980801
 7031586    7031586WN      TIMBREZA         WMC                         19980701
 7024805    7024805WN      SCHEMELIA        PAN AMERICAN                19980701
 7027022    7027022WN      MONTGOMERY       AAMES                       19980701
 7019011    7019011WN      MARTIN           PAN AMERICAN                19980701
 7019292    7019292WN      STILES           PAN AMERICAN                19980601
 7025430    7025430WN      GREEN            PAN AMERICAN                19980701
 7056146    7056146WN      POWELL           PARKWAY MORTGAGE            19980501
 7031685    7031685WN      DAVIS            WMC                         19980601
 7036064    7036064WN      CROWLEY          WMC                         19980701
 7035728    7035728WN      DAVIDOVICH       WMC                         19980701
 7100951    7100951WN      ASHTON           PAN AMERICAN                19980501
 7036791    7036791WN      FILMORE          WMC                         19980601
 7037526    7037526WN      RIVERA           WMC                         19980601
 7038318    7038318WN      STAEHLING        WMC                         19980601
 7038359    7038359WN      REED             WMC                         19980701
 7038441    7038441WN      MEDRECKI         WMC                         19980501
 7040660    7040660WN      REIDY            WMC                         19980601
 7040702    7040702WN      BALLARD          WMC                         19980701
 7041197    7041197WN      REAY             WMC                         19980601
 7042344    7042344WN      MUELLER          WMC                         19980601
 7042401    7042401WN      PARRIS           WMC                         19980601
 7042849    7042849WN      PAULY            WMC                         19980501
 7027204    7027204WN      WITHERSPOON      AAMES                       19980601
 7029051    7029051WN      VELOZ            BNC                         19980601
 7017528    7017528WN      HUFF             PAN AMERICAN                19980501
 7016496    7016496WN      HUERTA-NUNEZ     PAN AMERICAN                19980601
 7034143    7034143WN      JACOB SR.        WMC                         19980501
 7034101    7034101WN      PIFFATH          WMC                         19980701
 7014889    7014889WN      REICHELDERFER    EVEREST                     19980601
 7033236    7033236WN      HILLENBRAND      WMC                         19980601
 7028228    7028228WN      WILLMANN         BNC                         19980601
 7026016    7026016WN      KOTILA           PAN AMERICAN                19980701
10090769    10090769WN     BEREJIKLIAN      TIME DEPOSITS INTERN        19980601
 7103229    7103229WN      DONG             PAN AMERICAN                19980601
 7015316    7015316WN      FEHLMAN          EVEREST MORTGAGE            19980701
 7018807    7018807WN      GINELLA          PAN AMERICAN                19980701
 7038565    7038565WN      RYAN             WMC                         19980701
 7039431    7039431WN      SPENCER          WMC                         19980601
 7040181    7040181WN      CURREN           WMC                         19980501
 7028780    7028780WN      BLISS            BNC                         19980501
10091189    10091189WN     STOLAR           ALTERNATIVE LENDING         19980601
 7028368    7028368WN      PRADO            BNC                         19980601
 7034895    7034895WN      POE              WMC                         19980701
 7034036    7034036WN      JAMES            WMC                         19980701
 7101587    7101587WN      JENKINS          PAN AMERICAN                19980501
 7036023    7036023WN      LONG JR.         WMC                         19980501
 7031925    7031925WN      RAY              WMC                         19980701
 7115876    7115876WN      CHOO             PARKWAY                     19980609
 7024656    7024656WN      PAINTER          PAN AMERICAN                19980701
 7025018    7025018WN      WILLIAMS         PAN AMERICAN                19980701
 7038755    7038755WN      GORDON           WMC                         19980501
 7046071    7046071WN      BREGANI          PARKWAY MORTGAGE            19980513
 7036254    7036254WN      WILLIAMS         WMC                         19980601
 7036122    7036122WN      REDD             WMC                         19980501
 7033988    7033988WN      LONG             WMC                         19980601
 7043672    7043672WN      FAHY             PARKWAY MORTGAGE            19980702
 7030927    7030927WN      KEY              WMC                         19980701
 7036817    7036817WN      BATTAGLIA        WMC                         19980701
 7027139    7027139WN      BARTLOWE         AAMES                       19980601
 7045719    7045719WN      PRESTIA          PARKWAY MORTGAGE            19980529
 7044852    7044852WN      THOMAS           PARKWAY MORTGAGE            19980605
 7041684    7041684WN      GADDIS           WMC                         19980601
                                            
                                  Page 16 of 17

<PAGE>

AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-2
Loan Schedule: 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>        
 7028533      7028533WN      LIU            4343 ROOSEVELT WAY NE               SEATTLE            WA   98105    CONDO      
10037240      10037240WN     DYER           3334 AUBERT                         ST. LOUIS          MO   63115    2-4 UNITS  
 7024979      7024979WN      WELLS          266 UNIVERSITY DRIVE                WOODLAND PARK      CO   80863    SFR        
 7116569      7116569WN      FRANCIS        341 ESTRELLA WAY                    SAN MATEO          CA   94403    SFR        
 7025968      7025968WN      JASKOWSKI      1100 GEORGETOWN CANYON              GEORGETOWN         ID   83239    SFR        
 7016546      7016546WN      BILLUPS        4058 SW DYNOMITE LANE               CULVER             OR   97734    SFR        
 7152937      7152937WN      DUSON          20046 ST AUBIN                      DETROIT            MI   48234    SFR        
 7100282      7100282WN      GANATTA        10623 COURSON DRIVE                 STANTON            CA   90680    SFR        
 7032873      7032873WN      BARNES         1011 W. BEAVER CREEK BLVD.          AVON               CO   81620    CONDO      
 7103062      7103062WN      CHANCELLOR     6615 NE CLEVELAND AVENUE            PORTLAND           OR   97211    SFR        
 7045933      7045933WN      WAYNE          7324 AVENUE V                       BROOKLYN           NY   11234    2-4 UNITS  
 7101538      7101538WN      THURSTON       1705 MORRISON AVENUE                PUEBLO             CO   81005    SFR        
 7101009      7101009WN      WALLACE        39618 186TH PLACE SOUTHEAST         AUBURN             WA   98092    SFR        
 7040629      7040629WN      MASCI          116 REIFERT STREET                  PITTSBURGH         PA   15210    SFR        
10090777      10090777WN     MORENO         1030 WEST 84TH STREE                LOS ANGELES        CA   90044    SFR        
 7101579      7101579WN      GOMEZ          814 ARTIE ROAD NW                   ALBUQUERQUE        NM   87114    SFR        
 7040850      7040850WN      HINNANT        138 HOBSON STREET                   NEWARK             NJ    7112    2-4 UNITS  
10089431      10089431WN     SAULS          1148 WENDELL ROAD                   WENDELL            NC   27591    SFR        
 7055809      7055809WN      ADKINS         26 N BENTALOU ST                    BALTIMORE          MD   21223    SFR        
 7116973      7116973WN      WILLIAMS       8832 NEIL STREET                    THORNTON           CO   80221    SFR        
 7100977      7100977WN      GILCHRIST      21760 MCGILVRAY ROAD                BEND               OR   97702    SFR        
 7039126      7039126WN      BASYE          6100 ALPINE WOODS DRIVE             ANCHORAGE          AK   99516    PUD        
 7033749      7033749WN      JETTE          6400 PRIDEHAM STREET                DOWNERS GROVE      IL   60516    CONDO      
 7038185      7038185WN      VALENTI        167 MURRAY STREET                   MERIDEN            CT    6450    SFR        
 7041890      7041890WN      JOHNSON        2053 E NORD STREET                  COMPTON            CA   90222    SFR        
 7117229      7117229WN      LANE           3209 CHESTNUT AVE.                  LONG BEACH         CA   90806    SFR        
 7043656      7043656WN      FERRICK        75 ROYAL AVENUE PROVIDENCE          PROVIDENCE         RI    2904    SFR        
 7031354      7031354WN      BASTEDO        6720 5TH AVENUE                     RIO LINDA          CA   95673    SFR        
 7027428      7027428WN      HUBBARD        75 HORACE ROAD                      BELMONT            MA    2178    SFR        
<CAPTION>
                                                      6/1/1998
  Servicer    AMRESCO       Last          Maturity*   Scheduled    Current  Current          Occupancy     Original                
Loan Number Loan Number     Name            Date       Balance      Rate  P&I Payment   LTV   Status        Term      Servicer     
- ----------- -----------     ----            ----      ---------     ----  ---------     ----  ------        ----      --------     
<S>         <C>            <C>            <C>      <C>              <C>     <C>          <C>  <C>           <C>       <C>          
 7028533    7028533WN      LIU            20280201      131750.66     9.75  1134.08      54   OWNER         360       WENDOVER     
10037240    10037240WN     DYER           20280301       29961.93    10.25   268.83      53   OWNER         360       WENDOVER     
 7024979    7024979WN      WELLS          20280301      199008.61   10.625   1848.2      52   OWNER         360       WENDOVER     
 7116569    7116569WN      FRANCIS        20280401      149826.77     8.75  1180.05      52   OWNER         360       WENDOVER     
 7025968    7025968WN      JASKOWSKI      20280201          76862       10   675.74      51   OWNER         360       WENDOVER     
 7016546    7016546WN      BILLUPS        20280101       93460.29    9.375   779.77      50   NON OWNER     360       WENDOVER     
 7152937    7152937WN      DUSON          20270801       18952.37    13.75   221.38      50   NON OWNER     360       WENDOVER     
 7100282    7100282WN      GANATTA        20280301       77867.82    8.875   620.61      50   OWNER         360       WENDOVER     
 7032873    7032873WN      BARNES         20271001       54777.01     9.49   462.07      50   OWNER         360       WENDOVER     
 7103062    7103062WN      CHANCELLOR     20280201       50129.49    6.875   330.44      50   NON OWNER     360       WENDOVER     
 7045933    7045933WN      WAYNE          20280105      264435.14    10.25  2373.64      50   OWNER         360       WENDOVER     
 7101538    7101538WN      THURSTON       20280301        24962.8      9.5   210.22      50   NON OWNER     360       WENDOVER     
 7101009    7101009WN      WALLACE        20280301       68922.55       11   657.11      49   OWNER         360       WENDOVER     
 7040629    7040629WN      MASCI          20271201       24942.08    10.74   233.19      48   OWNER         360       WENDOVER     
10090777    10090777WN     MORENO         20280301       56905.72     8.99   458.22      48   OWNER         360       WENDOVER     
 7101579    7101579WN      GOMEZ          20280301      179150.51        8  1320.78      47   OWNER         360       WENDOVER     
 7040850    7040850WN      HINNANT        20271201       49884.22    10.74   466.37      47   OWNER         360       WENDOVER     
10089431    10089431WN     SAULS          20280301       39926.77      8.5   307.57      46   OWNER         360       WENDOVER     
 7055809    7055809WN      ADKINS         20280203        19990.1    14.49   244.76      44   OWNER         360       WENDOVER     
 7116973    7116973WN      WILLIAMS       20280401        39958.8      9.3   330.52      43   OWNER         360       WENDOVER     
 7100977    7100977WN      GILCHRIST      20280301       232605.2    8.875  1853.86      41   OWNER         360       WENDOVER     
 7039126    7039126WN      BASYE          20271201      199428.65     9.75  1718.31      41   NON OWNER     360       WENDOVER     
 7033749    7033749WN      JETTE          20271201       41859.45     8.99   337.64      37   OWNER         360       WENDOVER     
 7038185    7038185WN      VALENTI        20271201       34931.21     11.5   346.61      33   NON OWNER     360       WENDOVER     
 7041890    7041890WN      JOHNSON        20271201       37418.21     11.5   371.36      33   NON OWNER     360       WENDOVER     
 7117229    7117229WN      LANE           20280101       39915.58     10.3   359.93      26   OWNER         360       WENDOVER     
 7043656    7043656WN      FERRICK        20271202       19967.04    11.45    197.3      25   OWNER         360       WENDOVER     
 7031354    7031354WN      BASTEDO        20271201       25376.63    10.75   239.91      23   OWNER         360       WENDOVER     
 7027428    7027428WN      HUBBARD        20271201       49901.78     11.5   495.15      19   OWNER         360       WENDOVER     
                                                   --------------                                                 
                                       Balance     130,491,159.30 *06/1/98 pmt goes to Amresco, 7/1/98 pmt goes to TRUST
                                                   ==============
                                       Loan Count           1,181
</TABLE>

  Servicer    AMRESCO       Last                                  Due   
Loan Number Loan Number     Name           Originator             Date  
- ----------- -----------     ----           ----------             ----  
 7028533    7028533WN      LIU           BNC                    19980501
10037240    10037240WN     DYER          DOERING MORTGAGE       19980601
 7024979    7024979WN      WELLS         PAN AMERICAN           19980701
 7116569    7116569WN      FRANCIS       CHAMPION MORTGAGE      19980601
 7025968    7025968WN      JASKOWSKI     PAN AMERICAN           19980701
 7016546    7016546WN      BILLUPS       PAN AMERICAN           19980601
 7152937    7152937WN      DUSON         NEW CENTURY            19980501
 7100282    7100282WN      GANATTA       PAN AMERICAN           19980601
 7032873    7032873WN      BARNES        WMC                    19980601
 7103062    7103062WN      CHANCELLOR    PAN AMERICAN           19980601
 7045933    7045933WN      WAYNE         PARKWAY MORTGAGE       19980808
 7101538    7101538WN      THURSTON      PAN AMERICAN           19980501
 7101009    7101009WN      WALLACE       PAN AMERICAN           19980601
 7040629    7040629WN      MASCI         WMC                    19980601
10090777    10090777WN     MORENO        TIME DEPOSITS INTERN   19980701
 7101579    7101579WN      GOMEZ         PAN AMERICAN           19980601
 7040850    7040850WN      HINNANT       WMC                    19980601
10089431    10089431WN     SAULS         AMERICREDIT CORP       19980701
 7055809    7055809WN      ADKINS        PARKWAY MORTGAGE       19980603
 7116973    7116973WN      WILLIAMS      STANDARD FINANCIAL     19980701
 7100977    7100977WN      GILCHRIST     PAN AMERICAN           19980601
 7039126    7039126WN      BASYE         WMC                    19980601
 7033749    7033749WN      JETTE         WMC                    19980701
 7038185    7038185WN      VALENTI       WMC                    19980701
 7041890    7041890WN      JOHNSON       WMC                    19980501
 7117229    7117229WN      LANE          STANDARD FINANCIAL     19980601
 7043656    7043656WN      FERRICK       PARKWAY MORTGAGE       19980602
 7031354    7031354WN      BASTEDO       WMC                    19980701
 7027428    7027428WN      HUBBARD       AAMES                  19980601

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