AMRESCO RESIDENTIAL SECURITIES CORP MORTGAGE LOAN TR 1998-1
8-K, 1998-04-14
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)
                                 March 31, 1998

      AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-1
             (Exact name of registrant as specified in its charter)

         New York                  333-30759-02              Application Pending
(State or Other Jurisdiction of  (Commission File             (I.R.S. Employer
       Incorporation)                 Number)                Identification No.)

       c/o Bankers Trust Company
       3 Park Plaza, 16th Floor
         Irvine, California                                         92614
(Address of Principal Executive Offices)                          (Zip Code)

       Registrant's telephone number, including area code (714) 253-7575

                                   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 March 31, 1998, AMRESCO  Residential  Securities  Corporation  Mortgage
Loan Trust 1998-1  (the "Trust") acquired $223,861,176.60 of Subsequent Mortgage
Loans pursuant to the terms of the Pooling and Servicing  Agreement  dated as of
February 1, 1998, between AMRESCO Residential Capital Markets,  Inc., as Seller,
AMRESCO  Residential  Securities  Corporation,  as Depositor,  Advanta  Mortgage
Corp.,  USA,   Ameriquest  Mortgage  Company  and  Wendover  Financial  Services
Corporation, as Servicers, and Bankers Trust Company, in its capacity as Trustee
(the  "Pooling and Servicing  Agreement")  and a Subsequent  Transfer  Agreement
among AMRESCO Residential Capital Markets,  Inc., as Seller, AMRESCO Residential
Securities  Corporation,  as Depositor and the Trust, as purchaser,  dated March
31, 1998 (the "Subsequent  Transfer  Agreement").  The Subsequent Mortgage Loans
possess the  characteristics  required by the Prospectus dated September 5, 1997
and  the  Prospectus   Supplement   dated  January  28,  1998  (the  "Prospectus
Supplement") (except that the actual Combined  Loan-to-Value Ratio for the Fixed
Rate  Group  of  Subsequent   Mortgage  Loans  (as  defined  in  the  Prospectus
Supplement)  is equal to 72.1% and therefore  exceeds the level set forth in the
Prospectus  Supplement).  The  Prospectus  Supplement was filed pursuant to Rule
424(b)(5) of the Act on February 9, 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 March 31,  1998,  among
            AMRESCO Residential Securities  Corporation,  as Depositor,  AMRESCO
            Residential Capital Markets, Inc., as Seller and AMRESCO Residential
            Securities Corporation Mortgage Loan Trust 1998-1 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 1998-1

                              By: AMRESCO Residential Securities Corporation, as
                                  Depositor

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

Dated:  April 8, 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 1998-1 (the "Purchaser") pursuant to
the  Pooling  and  Servicing  Agreement  dated as of  February 1, 1998 among the
Depositor,  the Seller, Advanta Mortgage Corp., USA, Ameriquest Mortgage Company
and Wendover Financial  Services  Corporation,  as Servicers,  and Bankers Trust
Company 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 March  31,  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 March 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,  $223,861,176.60  pursuant  to this  Subsequent
Transfer  Agreement and to include  $97,537,938.39  of the  Subsequent  Mortgage
Loans listed in Schedule I-A hereto

<PAGE>

in Group I and  $126,323,238.21  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.

      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 1998-1,
                                    by Bankers Trust Company

                                    By: /s/ Whitney Iger
                                        -------------------------------------
                                        Name:    Whitney Iger
                                        Title:   Assistant Vice President

Dated:  March 31, 1998


<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>


Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- -----------     ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>          <C>            <C>                              <C>                 <C>        <C>   <C>               <C>
10004174 10004174WN   KRONSTADT      1169NE210 TERRACE                MIAMI               FL         33179 SFR               2/1/28 
10004570 10004570WN   BATES          8331 ETON PLACE                  JENNINGS            MO         63136 SFR               1/1/13 
10004661 10004661WN   HANNON         306 PRESCOTT PLACE               PLAINFIELD          NJ         70600 2-4 UNITS         2/1/28 
10004851 10004851WN   ORTIZ          382 N. JOHNSON                   PONTIAC             MI         48342 SFR               2/1/13 
10005023 10005023WN   NICKELSON      1012 WEST MAPLE ST               RAWLINS             WY         82301 SFR               1/1/13 
10005312 10005312WN   BAUER          312 3RD AVENUE SW                BEULAH              ND         58523 SFR               2/1/18 
10005874 10005874WN   BURDEN         1649 GANDY STREET                JACKSONVILL         FL         32208 SFR               3/1/28 
10007805 10007805AD   BAZAIL         3040 N.W. 19 ST.                 MIAMI               FL         33125 SFR               8/1/12 
10007961 10007961WN   TOMASOVICH J   711 BELLE LANE                   ROSEVILLE           CA         95678 SFR              11/1/12 
10011187 10011187WN   OLEXSAK        28S ROUND STREET                 NEW CASTLE          PA         16101 SFR              11/1/27 
10013225 10013225WN   JOHNSON        930 SOUTH IVY COUR               CANBY               OR         97013 SFR              12/1/12 
10015543 10015543WN   DININNO        4583 SAN ANDRES PL               COLUMBUS            OH         43230 SFR              11/1/27 
10015592 10015592WN   GONZALEZ       7182 GIRARD DRIVE                LAS VEGAS           NV         89117 SFR              11/1/12 
10022606 10022606AD   MARTINEZ       19325 SOUTHWEST 121ST AVEN       MIAMI               FL         33177 SFR              10/1/12 
10028215 10028215AD   HENDERSHOTT    3273 ROSE RD                     BATAVIA             NY         14020 SFR              6/25/27 
10031581 10031581AD   SMITH          HWY 10                           OLA                 AR         72853 SFR               7/1/27 
10032035 10032035AD   HOLLOMON       3745 HALLDALE AVENUE             LOS ANGELES         CA         90018 SFR               7/1/12 
10032456 10032456WN   LUST           2112 GORDON STREET               MCKEESPORT          PA         15132 SFR               1/1/13 
10036226 10036226WN   WHITFILL       7609 KELL DRIVE                  FORT WORTH          TX         76112 SFR              12/1/27 
10036390 10036390WN   CARTER         1015-1017 LOCKBOURE              COLUMBUS            OH         43206 2-4 UNITS         2/1/13 
10036481 10036481WN   STEWART        3315 JOSEPHINE STR               DENVER              CO         80205 SFR               3/1/28 
10036606 10036606WN   SULLIVAN       3425 ASHVILLE STRE               PHILADELPHI         PA         19136 SFR               2/1/28 
10036622 10036622WN   VARGAS         8285 SW 144TH STRE               MIAMI               FL         33158 SFR               3/1/28 
10036663 10036663WN   KUKERT         605 EAST 12TH ST                 LEXINGTON           NE         68850 SFR               2/1/18 
10036929 10036929WN   BOOZE          1524 LINWOOD DRIVE               CLEARWATER          FL         33755 SFR               3/1/28 
10036937 10036937WN   JONES          4027 WRIGHT AVENUE               ST. ANN             MO         63074 SFR               3/1/28 
10037133 10037133WN   HAMILTON       3321 WYOMING AVENUE              ST. LOUIS PARK      MN         55426 SFR               3/1/13 
10037448 10037448WN   SCHMIDT        1402NW80 AVE #309                MARGATE             FL         33063 CONDO             3/1/28 
10037455 10037455WN   CARTER         1616 BRYDEN                      COLUMBUS            OH         43205 SFR               2/1/13 
10042430 10042430WN   LUNG-GAT       847 LAALO STREET                 LAHAINA             HI         96761 SFR               2/1/28 
10042554 10042554WN   DE OLIVEIRA    54599 AVENIDA MADERO             LA QUINTA           CA         92253 SFR               2/1/28 
10044881 10044881WN   WHITTAKER      LOT #1 KALOKO DRIV               KAILUA KONA         HI         96740 SFR               2/1/28 
10044899 10044899WN   BENNETT        2995 SHADE TREE CO               BARTLETT            TN         38134 SFR               2/1/28 
10044907 10044907WN   WEBBER         3452 WEST 46TH STR               CLEVELAND           OH         44102 SFR               2/1/28 
10044956 10044956WN   PORRATA        11321 N.W. 30TH ST               SUNRISE             FL         33323 SFR               2/1/28 
10045250 10045250WN   ORTOLANI       15412 BROKEN BOW R               APPLE VALLE         CA         92307 2-4 UNITS         2/1/28 
10045581 10045581WN   JOHNSON        4017 ARLENE ROAD                 COLLEGE PAR         GA         30337 SFR               2/1/28 
10045953 10045953WN   GOLDBERG       17640 NORTHEAST 7                NORTH MIAMI         FL         33162 SFR               2/1/13 
10046084 10046084WN   GOODLOE        107 MILLER STREET                LIMA                OH         45801 SFR               2/1/28 
10046167 10046167WN   ROBERTSON      4101 WHITEHURST RO               CHARLOTTE           NC         28210 SFR               2/1/28 
10046217 10046217WN   MURRAY         4036 NORMAN ROAD                 HAZELHURST          MS         39083 SFR               2/1/28 
10046431 10046431WN   BERRY          17 HARDING ROAD                  GORHAM              ME         40380 SFR               2/1/13 
10046498 10046498WN   WEST           181 6TH AVENUE                   ALIQUIPPA           PA         15001 SFR               2/1/13 
10046530 10046530WN   ROSA           66 WOLFHILL AVE.                 OCEANPORT           NJ         77570 SFR               2/1/28 
10046548 10046548WN   VOCAL          LOT # 50 AT HAINA                HONOKAA             HI         96727 SFR               2/1/28 
10046670 10046670WN   WOOD           27 OAK FOREST PLAC               MAUMELLE            AR         72113 SFR               2/1/28 
10046704 10046704WN   MASON          4095 PITKIN ROAD                 MARTINSVILL         IN         46151 SFR               2/1/28 
10046746 10046746WN   MITCHELL       18047 BELAND                     DETROIT             MI         48234 SFR               2/1/28 
10046761 10046761WN   DAVIS          3986 CONGA STREET                JACKSONVILL         FL         32217 SFR               2/1/28 
10046852 10046852WN   RICHARDSON     303 MAGNOLIA STREE               EDWARDS             MS         39066 SFR               2/1/13 
10046902 10046902WN   HILSTAD        436 LAMARQUE COURT               GRASS VALLE         CA         95945 SFR               2/1/28 
10046928 10046928WN   NORSIGIAN      29958 HIGH VALLEY                FARMINGTON          MI         48331 SFR               2/1/28 
10046977 10046977WN   MIDDLETON      1105 COUNTY LINE R               CROSS               SC         29436 SFR               2/1/28 
10047058 10047058WN   HOCHMEISTER    6472W SECOND STREET              HUNTINGBURG         IN         47542 SFR               2/1/28 
10047082 10047082WN   GAVIDIA JR.    10441 S.W. 50TH ST               MIAMI               FL         33165 SFR               2/1/28 
10047090 10047090WN   ELLIOTT        6148 WYNNWOOD DRIVE              FAYETTEVILL         NC         28314 SFR               2/1/28 
10047108 10047108WN   WILLIAMS       RT 12 BOX 494 K4                 TEXARKANA           AR         71854 SFR               2/1/13 
10047116 10047116WN   MATTHEWS       9207 MANOR STREET                DETROIT             MI         48204 SFR               2/1/28 

<CAPTION>

Servicer                             4/1/98              Current                                                                    
  Loan    AMRESCO        Last      Scheduled   Current     P&I        Occupancy   Original                                     Due  
 Number  Loan Number     Name       Balance     Rate     Payment   LTV  Status      Term Servicer        Originator            Date 
- -------- -----------     ----      ---------    ----     -------   ---- ------      ---- --------        ----------            ---- 
<S>      <C>          <C>           <C>         <C>       <C>    <C>   <C>          <C>  <C>           <C>                    <C>
10004174 10004174WN   KRONSTADT     68,218.99    9.875    592.65    75 NON OWNER    360  WENDOVER      ARCI CONDUIT           4/1/98
10004570 10004570WN   BATES         22,736.69   11.925    232.7     65 NON OWNER    180  WENDOVER      ARCI CONDUIT           2/1/98
10004661 10004661WN   HANNON        43,386.66   11.675    435.59    70 NON OWNER    360  WENDOVER      ARCI CONDUIT           3/1/98
10004851 10004851WN   ORTIZ         32,195.61   15.25     413.6     70 OWNER        180  WENDOVER      ARCI CONDUIT           4/1/98
10005023 10005023WN   NICKELSON     27,405.51   13.65     359.79    47 OWNER        180  WENDOVER      ARCI CONDUIT           4/1/98
10005312 10005312WN   BAUER         17,582.09   11.95     193.18    80 OWNER        240  WENDOVER      ARCI CONDUIT           4/1/98
10005874 10005874WN   BURDEN        39,193.49   14.4      476.91    70 OWNER        360  WENDOVER      ARCI CONDUIT           4/1/98
10007805 10007805AD   BAZAIL        37,973.76   13        486.87    24 OWNER        180  ADVANTA       ALTERNATIVE LENDING    3/1/98
10007961 10007961WN   TOMASOVICH J  23,066.48   11.75     275.43  14.9 OWNER        180  WENDOVER      ARMC WHOLESALE         4/1/98
10011187 10011187WN   OLEXSAK       36,753.62   11.63     368.08    80 OWNER        360  WENDOVER      ARMC WHOLESALE         4/1/98
10013225 10013225WN   JOHNSON       23,602.53   11.75     281.23  15.6 OWNER        180  WENDOVER      ARMC WHOLESALE         4/1/98
10015543 10015543WN   DININNO       94,987.26   10.5      870.83    85 OWNER        360  WENDOVER      ARMC WHOLESALE         4/1/98
10015592 10015592WN   GONZALEZ      22,758.16   11.75     272.35  25.6 OWNER        180  WENDOVER      ARMC WHOLESALE         4/1/98
10022606 10022606AD   MARTINEZ      14,119.36   11.75     169.33 15.05 OWNER        180  ADVANTA       AMRESCO                3/1/98
10028215 10028215AD   HENDERSHOTT   40,521.39   12.99     448.8     70 OWNER        360  ADVANTA       MARATHON CAPITAL LP   2/25/98
10031581 10031581AD   SMITH         33,097.15   13.25     373.2     77 OWNER        360  ADVANTA       WEYERHAEUSER MTG       3/1/98
10032035 10032035AD   HOLLOMON      47,981.41    9.5      511.67    62 OWNER        180  ADVANTA       WEYERHAEUSER MTG       3/1/98
10032456 10032456WN   LUST          25,901.64   11.63     306       42 OWNER        180  WENDOVER      ARMC WHOLESALE         4/1/98
10036226 10036226WN   WHITFILL      34,016.03   15        431.18    55 NON OWNER    360  WENDOVER      ARCI CONDUIT           4/1/98
10036390 10036390WN   CARTER        51,992.91   15.25     667.92  62.7 NON OWNER    180  WENDOVER      ARCI CONDUIT           3/1/98
10036481 10036481WN   STEWART       50,000.00   10.6      461.11  54.4 OWNER        360  WENDOVER      ARCI CONDUIT           4/1/98
10036606 10036606WN   SULLIVAN      31,190.56   11.75     314.94    65 OWNER        360  WENDOVER      ARCI CONDUIT           3/1/98
10036622 10036622WN   VARGAS       256,000.00    8.625  1,991.14    80 OWNER        360  WENDOVER      ARCI CONDUIT           4/1/98
10036663 10036663WN   KUKERT        25,172.76   11.5      268.74    70 OWNER        240  WENDOVER      ARCI CONDUIT           3/1/98
10036929 10036929WN   BOOZE         64,386.55   13.4      732.58    70 OWNER        360  WENDOVER      ARCI CONDUIT           4/1/98
10036937 10036937WN   JONES         46,399.99   12.4      491.61    80 OWNER        360  WENDOVER      ARCI CONDUIT           5/1/98
10037133 10037133WN   HAMILTON      15,000.00   10.5      165.81 14.85 OWNER        180  WENDOVER      AMRESCO                4/1/98
10037448 10037448WN   SCHMIDT       26,000.00   12.55     278.5     52 OWNER        360  WENDOVER      ARCI CONDUIT           5/1/98
10037455 10037455WN   CARTER        61,590.67   14.8      769.06    70 OWNER        180  WENDOVER      ARCI CONDUIT           3/1/98
10042430 10042430WN   LUNG-GAT     319,755.28    7.35   2,204.71    80 OWNER        360  WENDOVER      ARMC WHOLESALE         4/1/98
10042554 10042554WN   DE OLIVEIRA   73,848.15   11.85     751.32    83 OWNER        360  WENDOVER      ARMC WHOLESALE         4/1/98
10044881 10044881WN   WHITTAKER    449,771.56    9.35   3,734.69  81.8 OWNER        360  WENDOVER      ARMC WHOLESALE         4/1/98
10044899 10044899WN   BENNETT       82,388.61   10.75     769.66    85 OWNER        360  WENDOVER      ARMC WHOLESALE         4/1/98
10044907 10044907WN   WEBBER        30,534.66    9.4      254.65    65 OWNER        360  WENDOVER      ARMC WHOLESALE         4/1/98
10044956 10044956WN   PORRATA       87,965.41   10.55     808.26    80 OWNER        360  WENDOVER      ARMC WHOLESALE         4/1/98
10045250 10045250WN   ORTOLANI      58,378.02   10.75     545.15    80 OWNER        360  WENDOVER      ARMC WHOLESALE         4/1/98
10045581 10045581WN   JOHNSON       95,885.32   14.75   1,193.45    70 OWNER        360  WENDOVER      ARMC WHOLESALE         3/1/98
10045953 10045953WN   GOLDBERG      29,932.15   10.7      335.35  31.3 OWNER        180  WENDOVER      ARMC WHOLESALE         4/1/98
10046084 10046084WN   GOODLOE       26,241.00   11.2      253.96    75 OWNER        360  WENDOVER      ARMC WHOLESALE         4/1/98
10046167 10046167WN   ROBERTSON     35,393.45   13.93     417.48    60 OWNER        360  WENDOVER      ARMC WHOLESALE         4/1/98
10046217 10046217WN   MURRAY        38,341.72   13.25     431.73    65 OWNER        360  WENDOVER      ARMC WHOLESALE         4/1/98
10046431 10046431WN   BERRY         35,926.91   11.85     428.59    30 OWNER        180  WENDOVER      ARMC WHOLESALE         3/1/98
10046498 10046498WN   WEST          23,946.62   10.88     270.98    75 OWNER        180  WENDOVER      ARMC WHOLESALE         4/1/98
10046530 10046530WN   ROSA          85,758.95    9.63     729.6     60 OWNER        360  WENDOVER      ARMC RETAIL            4/1/98
10046548 10046548WN   VOCAL         82,458.34    9.375    686.19    75 OWNER        360  WENDOVER      ARMC WHOLESALE         4/1/98
10046670 10046670WN   WOOD          52,483.40   11.55     521.91  79.6 OWNER        360  WENDOVER      ARMC WHOLESALE         4/1/98
10046704 10046704WN   MASON         83,221.89   11.25     808.58    90 OWNER        360  WENDOVER      ARMC WHOLESALE         3/1/98
10046746 10046746WN   MITCHELL      27,491.96   11.9      280.75    55 OWNER        360  WENDOVER      ARMC WHOLESALE         3/1/98
10046761 10046761WN   DAVIS         54,726.80   10.2      488.58    75 OWNER        360  WENDOVER      ARMC RETAIL            4/1/98
10046852 10046852WN   RICHARDSON    63,679.13    9.8      678.2   81.8 OWNER        180  WENDOVER      ARMC WHOLESALE         4/1/98
10046902 10046902WN   HILSTAD       98,443.23    8.75     774.9   82.1 OWNER        360  WENDOVER      ARMC WHOLESALE         4/1/98
10046928 10046928WN   NORSIGIAN    172,873.53   14.75   2,151.70    70 OWNER        360  WENDOVER      ARMC WHOLESALE         4/1/98
10046977 10046977WN   MIDDLETON     27,943.79   13.13     312.03    65 OWNER        360  WENDOVER      ARMC WHOLESALE         4/1/98
10047058 10047058WN   HOCHMEISTER   35,983.20    9.75     309.3   73.5 OWNER        360  WENDOVER      ARMC WHOLESALE         4/1/98
10047082 10047082WN   GAVIDIA JR.   49,966.11    7.95     365.14  39.4 OWNER        360  WENDOVER      ARMC RETAIL            4/1/98
10047090 10047090WN   ELLIOTT       62,380.41   11.58     621.75    80 OWNER        360  WENDOVER      ARMC WHOLESALE         3/1/98
10047108 10047108WN   WILLIAMS      25,141.94   10.5      278.56    80 OWNER        180  WENDOVER      ARMC WHOLESALE         4/1/98
10047116 10047116WN   MATTHEWS      27,990.01   11        266.65    70 OWNER        360  WENDOVER      ARMC WHOLESALE         4/1/98
</TABLE>                                                        

                                  Page 1 of 25
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- -----------     ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>          <C>            <C>                              <C>                 <C>        <C>   <C>               <C>
10047199 10047199WN   ADAMS          454 ABILENE ST                   SHREVEPORT          LA         71106 SFR               2/1/13 
10047207 10047207WN   JONES          11420 SOUTH CALUME               CHICAGO             IL         60628 SFR               2/1/28 
10047231 10047231WN   HALLAWAY JR.   2609 AVALON PLACE                COLUMBUS            OH         43219 SFR               2/1/13 
10047280 10047280WN   YOST           561 27TH STREET                  LONGVIEW            WA         98632 SFR               2/1/28 
10047306 10047306WN   PATAO          73 -1121 ALIHILANI PL            KAILUA-KONA         HI         96740 SFR               3/1/28 
10047413 10047413WN   HENCE SR.      1006 DEER RUN NORT               PINE BLUFF          AR         71603 SFR               2/1/28 
10047546 10047546WN   CLOUGH         234-A NORTH 36TH S               MILWAUKEE           WI         53208 SFR               2/1/28 
10047579 10047579WN   SAVAGE         4925 PULASKI AVENU               PHILADELPHI         PA         19144 SFR               2/1/13 
10047611 10047611WN   WILLIAMS       1668 WHITE OAK WAY               DECATUR             GA         30032 SFR               2/1/28 
10047629 10047629WN   FAULKNER       527 CARPENTER                    MEMPHIS             TN         38112 SFR               2/1/28 
10047652 10047652WN   BIGGS          8550 SOUTH 3830 WE               WEST JORDAN         UT         84088 MANUF'D HM        2/1/13 
10047694 10047694WN   BAJARIN        94-566 APII ST                   WAIPAHU             HI         96797 SFR               2/1/28 
10047702 10047702WN   COLLIER        2607 HIGHLAND DRIV               GRANBURY            TX         76049 SFR               2/1/28 
10047710 10047710WN   PEGHER         209 RUSTIC AVE                   PITTSBURGH          PA         15210 SFR               2/1/28 
10047736 10047736WN   PERRY-MOHLER   517 NORTH ADAMS ST               KNIGHTSTOWN         IN         47362 SFR               2/1/28 
10047744 10047744WN   GOULD          530 SHENANGO STOP                NEW CASTLE          PA         16101 SFR               2/1/13 
10047751 10047751WN   MOORE          6945 BURGESS STREE               HOUSTON             TX         77021 SFR               3/1/28 
10047819 10047819WN   MARKS          109 CHESTNUT STREE               GREENVILLE          PA         16125 SFR               2/1/13 
10047835 10047835WN   ROBINSON       9014 POLK AVENUE                 JACKSONVILL         FL         32208 SFR               2/1/28 
10047843 10047843WN   PRATER         20405W WHITESBRIDGE AVE          KERMAN              CA         93630 SFR               2/1/28 
10047876 10047876WN   KOLSON         1216 CENTENNIAL DR               WINDBER             PA         15963 SFR               2/1/28 
10047884 10047884WN   MOORE          4906 EAST 81ST STR               GARFIELD HE         OH         44125 SFR               2/1/13 
10047892 10047892WN   MELTON         2037 NORTH 60TH AVENUE           OMAHA               NE         68104 SFR               2/1/28 
10047942 10047942WN   THOMPSON       1711 WEST 3RD STRE               MARION              IN         46953 SFR               2/1/28 
10047959 10047959WN   BORKOWSKI      1306 EMERICK DRIVE               WALKERTON           IN         46574 SFR               2/1/13 
10047967 10047967WN   HANNA JR       89 HANNA DRIVE                   SHANNON             MS         38868 SFR               2/1/28 
10047991 10047991WN   KIMBELL        4060 FAIRWAY BLVD                LOS ANGELES         CA         90043 SFR               2/1/28 
10048023 10048023WN   WILLIAMS       973 HIGH POINT DRI               COAL CENTER         PA         15423 SFR               2/1/13 
10048031 10048031WN   BIANCHI        2621 FAIRVIEW DRIV               MONROEVILLE         PA         15146 SFR               2/1/28 
10048064 10048064WN   INGRAM         101 WEST MAPLE STR               HOLLY SPRIN         NC         27540 SFR               2/1/28 
10048122 10048122WN   SUCHCICKI      1014 NEW MEXICO DR               PENSACOLA           FL         32505 SFR               2/1/28 
10048130 10048130WN   PETRICK        1667 OAK STREET                  ALMOND              WI         54909 SFR               2/1/28 
10048189 10048189WN   ANKRAH         6044 REGENT STREET               PHILADELPHI         PA         19142 SFR               2/1/13 
10048221 10048221WN   LEWIS          3475 ANDERSON STRE               BEAUMONT            TX         77703 SFR               2/1/28 
10048247 10048247WN   GRAY           13- 3564 MAILE ST                PAHOA               HI         96778 SFR               2/1/13 
10048270 10048270WN   CORONA         498 WEST HOWARD ST               PASADENA            CA         91103 SFR               2/1/28 
10048304 10048304WN   MOLDENHAUER    413 EAST CURTIS RO               HOPE                MI         48628 SFR               2/1/28 
10048320 10048320WN   BYRD           14431 LINNHURST                  DETROIT             MI         48205 2-4 UNITS         2/1/28 
10048361 10048361WN   EBERT          1212 -I RICHARD                  HONOLULU            HI         96819 SFR               2/1/28 
10048379 10048379WN   JEFFERSON SR   403 WYATTS MILL RD               JARRATT             VA         23867 SFR               2/1/28 
10048395 10048395WN   PALAFOX        1516 ALA AOLANI STREET           HONOLULU            HI         96819 SFR               2/1/28 
10048403 10048403WN   PREVATTE       323 EAST MCLEAN ST               SAINT PAULS         NC         28384 SFR               2/1/28 
10048411 10048411WN   HUMPHREY       1214 SWINGLE STREET              ZANESVILLE          OH         43701 SFR               2/1/28 
10048437 10048437WN   BUTTERMORE     57 PETAIN AVENUE                 NEMACOLIN           PA         15351 SFR               2/1/28 
10048478 10048478WN   HULS           917 12TH AVENUE SO               ST. CLOUD           MN         56304 SFR               2/1/13 
10048494 10048494WN   BARRETT        2400 OLD SPRINGFIE               VANDALIA            OH         45377 SFR               2/1/28 
10048510 10048510WN   HODNETT        18611 HESSEL                     DETROIT             MI         48219 SFR               3/1/28 
10048528 10048528WN   DODDS          30 LLOYD STREET                  MODENA              PA         19358 SFR               2/1/28 
10048536 10048536WN   JOLLIFF        207 EDGEWOOD STREE               BALTIMORE           MD         21229 SFR               2/1/13 
10048544 10048544WN   CROWE          566 EAST HILLSIDE AVE            SPENCER             IN         47460 SFR               2/1/28 
10048551 10048551WN   KUBOBA         86-115 KUWALE ROAD               WAIANAE             HI         96792 SFR               3/1/28 
10048569 10048569WN   NORWOOD        39729 DOVER DRIVE                PALMDALE            CA         93551 SFR               3/1/28 
10048684 10048684WN   SMITH          4855 NORTHWEST 115 WAY           SUNRISE             FL         33323 SFR               3/1/13 
10048726 10048726WN   SHRADER        ROUTE 2 BOX 160                  ELIZABETH           WV         26143 SFR               3/1/28 
10048734 10048734WN   DRABICK        1104 WASHINGTON STREET           FARRELL             PA         16121 SFR               2/1/28 
10048783 10048783WN   BROWN          1195 ESPLANADE PLA               MEMPHIS             TN         38106 SFR               2/1/28 
10048791 10048791WN   VILLANUEVA J   2829 SOUTH VINTAGE DR            VISALIA             CA         93227 SFR               3/1/28 
10048858 10048858WN   IANNACCHIONE   RD 1 BOX 264                     BEDFORD             PA         15522 SFR               3/1/13 

<CAPTION>

Servicer                              4/1/98              Current                                                           
  Loan    AMRESCO        Last       Scheduled   Current     P&I        Occupancy   Original                                 Due  
 Number  Loan Number     Name        Balance     Rate     Payment   LTV  Status      Term Servicer        Originator        Date 
- -------- -----------     ----       ---------    ----     -------   ---- ------      ---- --------        ----------        ---- 
<S>      <C>          <C>           <C>          <C>       <C>     <C>  <C>          <C>  <C>           <C>                <C>
10047199 10047199WN   ADAMS          23,279.48   10.15     252.9   55.6 OWNER        180  WENDOVER      ARMC WHOLESALE     4/1/98 
10047207 10047207WN   JONES          42,590.55   13.13     475.57    60 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10047231 10047231WN   HALLAWAY JR.   53,894.45   12.25     656.8     90 OWNER        180  WENDOVER      ARMC WHOLESALE     4/1/98 
10047280 10047280WN   YOST           29,986.30    9.85     259.95    75 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10047306 10047306WN   PATAO         110,000.00    9.25     904.94    55 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10047413 10047413WN   HENCE SR.      63,576.06   10.75     593.69    80 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10047546 10047546WN   CLOUGH         19,242.77   10.76     179.84    77 NON OWNER    360  WENDOVER      ARMC WHOLESALE     4/1/98 
10047579 10047579WN   SAVAGE         30,317.61   11.73     359.35    49 OWNER        180  WENDOVER      ARMC WHOLESALE     4/1/98 
10047611 10047611WN   WILLIAMS       49,388.84   13.05     548.39    65 OWNER        360  WENDOVER      ARMC WHOLESALE     3/1/98 
10047629 10047629WN   FAULKNER       37,587.36   11.4      369.48    80 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10047652 10047652WN   BIGGS          53,850.74    8.5      531.76  65.1 OWNER        180  WENDOVER      ARMC WHOLESALE     4/1/98 
10047694 10047694WN   BAJARIN       217,368.24    8.5    1,672.39    75 OWNER        360  WENDOVER      ARMC WHOLESALE     3/1/98 
10047702 10047702WN   COLLIER        47,573.95   12.4      522.34  54.8 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10047710 10047710WN   PEGHER         22,992.46   11.38     225.66  51.1 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10047736 10047736WN   PERRY-MOHLER   55,480.00   10.95     526.44    75 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10047744 10047744WN   GOULD          38,419.06   11.48     449.26    70 OWNER        180  WENDOVER      ARMC WHOLESALE     4/1/98 
10047751 10047751WN   MOORE          65,000.00   11.01     619.5     65 SECOND HOME  360  WENDOVER      ARMC WHOLESALE     4/1/98 
10047819 10047819WN   MARKS          29,940.69   12.13     362.56    80 OWNER        180  WENDOVER      ARMC WHOLESALE     3/1/98 
10047835 10047835WN   ROBINSON       18,994.44   11.9      193.98  46.9 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10047843 10047843WN   PRATER         44,979.01    9.75     386.62  73.8 OWNER        360  WENDOVER      ARMC WHOLESALE     3/1/98 
10047876 10047876WN   KOLSON         56,982.49   11.68     572.31    75 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10047884 10047884WN   MOORE          73,377.72    7.5      682.28    80 OWNER        180  WENDOVER      ARMC WHOLESALE     4/1/98 
10047892 10047892WN   MELTON         33,731.88   10.2      301.18    75 OWNER        360  WENDOVER      ARMC RETAIL        4/1/98 
10047942 10047942WN   THOMPSON       46,731.62   10.55     429.39    85 OWNER        360  WENDOVER      ARMC WHOLESALE     3/1/98 
10047959 10047959WN   BORKOWSKI      32,433.08   11.7      383.8     65 OWNER        180  WENDOVER      ARMC WHOLESALE     4/1/98 
10047967 10047967WN   HANNA JR       33,589.95   11.8      340.45    60 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10047991 10047991WN   KIMBELL       295,815.08    8.35   2,244.59    80 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048023 10048023WN   WILLIAMS       60,805.53    6.88     544.2   59.8 OWNER        180  WENDOVER      ARMC WHOLESALE     4/1/98 
10048031 10048031WN   BIANCHI       109,562.33    9.18     896.26    87 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048064 10048064WN   INGRAM         29,891.59   12.08     309.4     65 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048122 10048122WN   SUCHCICKI      29,991.61   12.1      310.89  58.8 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048130 10048130WN   PETRICK        28,693.18   12.83     313.67    70 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048189 10048189WN   ANKRAH         18,943.52   15.38     270.88  67.9 OWNER        180  WENDOVER      ARMC WHOLESALE     4/1/98 
10048221 10048221WN   LEWIS          35,239.65   11.88     359.33    75 NON OWNER    360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048247 10048247WN   GRAY           49,855.50    8        477.83  35.7 OWNER        180  WENDOVER      ARMC WHOLESALE     4/1/98 
10048270 10048270WN   CORONA        111,924.85    8        821.82  59.9 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048304 10048304WN   MOLDENHAUER    40,593.78   14.75     505.26    70 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048320 10048320WN   BYRD           23,092.80   11.73     232.82    55 NON OWNER    360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048361 10048361WN   EBERT         395,272.45    8.75   3,111.40  80.4 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048379 10048379WN   JEFFERSON SR   32,895.90   15.63     432.62    70 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048395 10048395WN   PALAFOX       281,070.65    8.25   2,112.94    75 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048403 10048403WN   PREVATTE       35,988.94   11.68     361.46    75 OWNER        360  WENDOVER      ARMC WHOLESALE     3/1/98 
10048411 10048411WN   HUMPHREY       22,396.41   14.55     275.19    70 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048437 10048437WN   BUTTERMORE     35,239.75   11.93     360.69    75 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048478 10048478WN   HULS           12,651.10   12.63     157.3     15 OWNER        180  WENDOVER      ARMC WHOLESALE     4/1/98 
10048494 10048494WN   BARRETT        80,581.78   13.05     894.75    65 OWNER        360  WENDOVER      ARMC WHOLESALE     3/1/98 
10048510 10048510WN   HODNETT        64,400.00   10.75     601.16    70 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048528 10048528WN   DODDS          59,977.56   10.78     561.44  66.7 OWNER        360  WENDOVER      ARMC WHOLESALE     5/1/98 
10048536 10048536WN   JOLLIFF        43,913.01   12.13     531.76    80 OWNER        180  WENDOVER      ARMC WHOLESALE     4/1/98 
10048544 10048544WN   CROWE          53,218.72    8.65     415.12    75 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048551 10048551WN   KUBOBA        150,000.00    8.7    1,174.70  63.8 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048569 10048569WN   NORWOOD       106,340.00    9.5      894.16  81.8 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048684 10048684WN   SMITH          20,599.00   12.75     257.25  15.5 OWNER        180  WENDOVER      ARMC WHOLESALE     4/1/98 
10048726 10048726WN   SHRADER        35,000.00   12        360.01  69.2 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048734 10048734WN   DRABICK        39,987.16   11.48     395.51    80 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048783 10048783WN   BROWN          54,734.33   12        563.17    75 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048791 10048791WN   VILLANUEVA J  160,000.00   10.25   1,433.76    80 OWNER        360  WENDOVER      ARMC WHOLESALE     4/1/98 
10048858 10048858WN   IANNACCHIONE   64,425.00   10.63     717.35    75 OWNER        180  WENDOVER      ARMC WHOLESALE     4/1/98 
</TABLE>                                                         

                                  Page 2 of 25

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>          <C>            <C>                              <C>                 <C>        <C>   <C>               <C>
10048916 10048916WN   PETRAS         133 GLENBROOK DRIV               CRANBERRY           PA         16066 SFR               2/1/13 
10048999 10048999WN   TUASON         3987 KAUALIO PLACE               HONOLULU            HI         96816 SFR               2/1/28 
10049005 10049005WN   COLCLASER      208 ATLANTIC AVENU               MC KEESPORT         PA         15132 SFR               3/1/28 
10049039 10049039WN   GESSER         2411 MCMONAGLE AVE               PITTSBURGH          PA         15216 SFR               3/1/13 
10049096 10049096WN   DINSON SR      86 -4510 MAMALAHOA HW            HONAUNAU            HI         96726 SFR               3/1/28 
10049104 10049104WN   FAIR           1186 UNION CHURCH                CASEY CREEK         KY         42728 SFR               3/1/28 
10049120 10049120WN   ANDERSON       1235 COLFAX                      BENTON HARB         MI         49022 SFR               2/1/28 
10049153 10049153WN   RIVEROL        11385 SOUTHWEST 14               MIAMI               FL         33186 SFR               2/1/28 
10049195 10049195WN   YOKOO          1044 KAIMOKU PLACE               HONOLULU            HI         96821 SFR               3/1/28 
10049203 10049203WN   SMITH          145 BANCROFT STREET              SAN DIEGO           CA         92113 2-4 UNITS         2/1/28 
10049211 10049211WN   MARTIN         1658 MIKOKOI STREE               HILO                HI         96720 SFR               3/1/28 
10049237 10049237WN   SILLANPAA      472 DETROIT STREET               CONNEAUT            OH         44030 SFR               2/1/28 
10049252 10049252WN   RANDOLPH       1210 SOUTH MISSOURI ST           PINE BLUFF          AR         71601 SFR               3/1/28 
10049260 10049260WN   PLEASANTS      216 CONNIE DRIVE                 DESOTO              TX         75115 SFR               3/1/28 
10049302 10049302WN   KIMBRO         3737 EAST 118TH ST               CLEVELAND           OH         44105 2-4 UNITS         3/1/13 
10049344 10049344WN   VIERNES        98-788 LEIALII STREET            AIEA                HI         96701 SFR               3/1/28 
10049351 10049351WN   PIPER          31 COURTHOUSE SQUA               OSSIPEE             NH         38640 SFR               3/1/13 
10049385 10049385WN   MAYER          ROUTE 3 BOX 497                  SCOTTSVILLE         VA         24590 SFR               2/1/28 
10049419 10049419WN   LEWIS          1908 DELAWARE STRE               BEAUMONT            TX         77703 SFR               2/1/13 
10049427 10049427WN   EMNACE         916 KINGSWAY DRIVE WES           GRETNA              LA         70056 SFR               2/1/13 
10049435 10049435WN   ADDISON        3253 NORTH 35TH ST               MILWAUKEE           WI         53216 SFR               3/1/28 
10049534 10049534WN   WEIS           135 MINOOKA STREET               PITTSBURGH          PA         15210 SFR               3/1/28 
10049583 10049583WN   AINSWORTH      2402 BLUEBIRD STREET             SLIDELL             LA         70460 SFR               3/1/13 
10049617 10049617WN   BASQUE         HAWAII PARADISE D                KEAAU               HI         96749 SFR               3/1/28 
10049625 10049625WN   AGUDA          1133 GULICK AVENUE               HONOLULU            HI         96819 SFR               3/1/28 
10050052 10050052WN   RABUN SR.      702 OLD BUSH MILL                BREMEN              GA         30110 SFR              1/12/13 
10050060 10050060WN   PEZANT JR.     3449 DALE LANE SW                ATLANTA             GA         30331 SFR               1/7/18 
10050086 10050086WN   PARHAM         146 SAMPSON STREET               ATLANTA             GA         30313 SFR              1/17/13 
10050094 10050094WN   DAVILA SR.     1642 N. ALBANY                   CHICAGO             IL         60647 2-4 UNITS        1/22/13 
10050102 10050102WN   FLOYD          12601 DARLENEN STREET            UPPER MARLB         MD         20774 SFR              1/22/13 
10050110 10050110WN   MAKELL         402 HAMMOCK ROAD                 SWANSBORO           NC         28584 SFR              1/16/13 
10050128 10050128WN   LATHAM         1051 EAGLE VIEW DR               KODAK               TN         37764 SFR              1/21/13 
10050136 10050136WN   SCHATZ         5310 TAYOR ROAD                  RIVERDALE           MD         20737 SFR               1/9/13 
10050144 10050144WN   REAVES         LOT 11 HUCKLEBERRY               ROANOKE RAP         NC         27870 MANUF'D HM       1/22/18 
10050151 10050151WN   SIACA          5165 STERLING TRACE COU          LILBURN             GA         30047 SFR              1/14/08 
10050177 10050177WN   ROBERTSON      2311 EDISTO PLACE                MARIETTA            GA         30064 SFR              1/20/08 
10050185 10050185WN   NIX            242 ALMON DRIVE                  MARTINEZ            GA         30907 SFR              1/13/18 
10050193 10050193WN   MCRAE          2153 ANDREWS CHAPEL RD           THOMASTON           GA         30286 SFR              1/20/18 
10050201 10050201WN   DAVIS          1813 GILBERT STREE               GEORGETOWN          SC         29440 SFR              1/10/13 
10050219 10050219WN   EATON          108 LOUISE AVE                   CALHOUN             GA         30701 SFR              1/13/13 
10050235 10050235WN   AIREY JR.      3200 HOOPER ROAD                 NEW WINDSOR         MD         21776 SFR               1/7/13 
10050243 10050243WN   FRALEY JR.     305 SECOND AVENUE                BRUNSWICK           MD         21716 SFR              1/20/08 
10050250 10050250WN   BREWER         ROUTE 4 BOX 274 A                CHARLESTOWN         WV         25414 SFR              1/17/28 
10050276 10050276WN   CARRIER        7817 CHARLESMONT RD              BALTIMORE           MD         21222 SFR              1/21/28 
10050318 10050318WN   HILL           1505 PURCELL ROAD                LAWRENCEVIL         GA         30243 SFR              1/21/08 
10050334 10050334WN   JOHNSON        2584 NEW WEST ROAD               RIVERDALE           GA         30296 SFR              1/12/13 
10050466 10050466WN   BJORLING       421 WATKINS ROAD                 CLAYTON             NC         27520 SFR               1/9/08 
10050482 10050482WN   GORE JR.       946 OAKLAND DRIVE                ATLANTA             GA         30301 SFR              1/23/08 
10050490 10050490WN   GRIFFIN        9465 BURMESTER LANE              CHARLOTTE           NC         28227 SFR              1/21/08 
10050508 10050508WN   HARRIOTT       9800 MCDOWELL SHOR               MURRELLS IN         SC         29526 SFR              1/17/18 
10050581 10050581WN   GRESHAM        2330 WEST LEXINGTON              BALTIMORE           MD         21223 SFR              1/23/13 
10050599 10050599WN   WALKER         14014 SOUTH LYDIA                ROBBINS             IL         60472 SFR              1/26/18 
10050607 10050607WN   COOK JR.       7816 MYRTLE GROVE RD             WILMINGTON          NC         28409 SFR              1/28/13 
10050623 10050623WN   HARRIS         4234 SOUTHERN AVEN               WASHINGTON          DC         20019 SFR              1/28/13 
10050672 10050672WN   CONTRERAS      3001S TRUMBULL AVE               CHICAGO             IL         60623 2-4 UNITS         2/3/18 
10050680 10050680WN   DAVIS          13524 GIANT COURT                GERMANTOWN          MD         20874 SFR               2/3/28 
10050698 10050698WN   TUCKER         2311 ALTAMONT PLAC               WASHINGTON          DC         20020 CONDO             2/4/13 
10050722 10050722WN   SHARP          1324 NORTH WASHINGTON            BALTIMORE           MD         21213 SFR               2/4/13 

<CAPTION>

Servicer                               4/1/98                    Current                                                      
  Loan    AMRESCO        Last        Scheduled     Current         P&I        Occupancy   Original                             Due  
 Number  Loan Number     Name         Balance       Rate         Payment   LTV  Status      Term Servicer      Originator      Date 
- -------- ----------      ----        ---------      ----         -------   ---- ------      ---- --------      ----------      ---- 
<S>      <C>          <C>            <C>            <C>         <C>       <C>  <C>          <C>  <C>         <C>              <C>
10048916 10048916WN   PETRAS         272,148.91     10.53       3,020.99  80.3 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98
10048999 10048999WN   TUASON         169,902.19      8.75       1,337.39  18.9 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10049005 10049005WN   COLCLASER       20,000.00     11.43         196.99    80 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10049039 10049039WN   GESSER         109,612.00      7.91       1,041.82  81.8 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98
10049096 10049096WN   DINSON SR      120,000.00      9.6        1,017.79    80 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10049104 10049104WN   FAIR            39,100.00     10.75         364.99    85 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10049120 10049120WN   ANDERSON        47,350.06     13.38         538       64 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98
10049153 10049153WN   RIVEROL        108,936.64      8.7          853.61  73.7 OWNER        360  WENDOVER    ARMC RETAIL      4/1/98
10049195 10049195WN   YOKOO          320,000.00      9.5        2,690.73  35.6 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98
10049203 10049203WN   SMITH           71,972.78     10.73         671.02  58.5 NON OWNER    360  WENDOVER    ARMC WHOLESALE   3/1/98
10049211 10049211WN   MARTIN         178,500.00     10.1        1,579.67    85 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10049237 10049237WN   SILLANPAA       37,979.37      9.03         306.58  67.9 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98
10049252 10049252WN   RANDOLPH        19,200.00     11.5          190.14    80 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10049260 10049260WN   PLEASANTS       42,431.35     12.55         460.59  55.1 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10049302 10049302WN   KIMBRO          30,000.00      8.75         299.83  48.4 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98
10049344 10049344WN   VIERNES        420,000.00      6.75       2,724.11    73 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10049351 10049351WN   PIPER           35,000.00     13.8          461.42  68.6 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98
10049385 10049385WN   MAYER           59,477.41     10.71         553.63    70 NON OWNER    360  WENDOVER    ARMC WHOLESALE   5/1/98
10049419 10049419WN   LEWIS           27,078.04     11.13         310.66    65 NON OWNER    180  WENDOVER    ARMC WHOLESALE   4/1/98
10049427 10049427WN   EMNACE          73,431.99     10.6          818.14    80 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98
10049435 10049435WN   ADDISON         34,400.00     12.38         363.94    80 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10049534 10049534WN   WEIS            44,800.00     11.28         436.15    80 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10049583 10049583WN   AINSWORTH       50,250.00     10.75         563.28    75 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98
10049617 10049617WN   BASQUE         100,000.00      8.15         744.25  76.9 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10049625 10049625WN   AGUDA          380,000.00      8.4        2,894.98    80 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10050052 10050052WN   RABUN SR.      128,731.81      9.15       1,050.29    80 OWNER        180  WENDOVER    ARMC RETAIL     4/12/98
10050060 10050060WN   PEZANT JR.      37,970.76     13.99         472.26    35 OWNER        240  WENDOVER    ARMC RETAIL      4/7/98
10050086 10050086WN   PARHAM          47,992.55     14.69         595.05    80 OWNER        180  WENDOVER    ARMC RETAIL     2/17/98
10050094 10050094WN   DAVILA SR.      21,946.87      9.99         236.28  23.2 OWNER        180  WENDOVER    ARMC RETAIL     3/22/98
10050102 10050102WN   FLOYD           23,767.62     15.95         348.72  14.8 OWNER        180  WENDOVER    ARMC RETAIL     3/22/98
10050110 10050110WN   MAKELL          87,967.29     11.25         854.71  78.6 OWNER        180  WENDOVER    ARMC RETAIL     4/16/98
10050128 10050128WN   LATHAM          35,987.58     11.15         346.92    24 OWNER        180  WENDOVER    ARMC RETAIL     3/21/98
10050136 10050136WN   SCHATZ          25,938.98     10.3          284.19    21 OWNER        180  WENDOVER    ARMC RETAIL      4/9/98
10050144 10050144WN   REAVES          37,759.95     11.65         407.02  67.5 NON OWNER    240  WENDOVER    ARMC RETAIL     3/22/98
10050151 10050151WN   SIACA           31,977.50     14.19         502.08  24.7 OWNER        120  WENDOVER    ARMC RETAIL     4/14/98
10050177 10050177WN   ROBERTSON       21,122.92     14.99         341.9     12 OWNER        120  WENDOVER    ARMC RETAIL     3/20/98
10050185 10050185WN   NIX             16,787.07     13.99         208.79    18 OWNER        240  WENDOVER    ARMC RETAIL     4/13/98
10050193 10050193WN   MCRAE           51,157.82     13.5          618.18    80 OWNER        240  WENDOVER    ARMC RETAIL     3/20/98
10050201 10050201WN   DAVIS           37,623.02     11.79         447.38    90 OWNER        180  WENDOVER    ARMC RETAIL     4/10/98
10050219 10050219WN   EATON           82,296.34      9.75         873.97  78.6 OWNER        180  WENDOVER    ARMC RETAIL     3/13/98
10050235 10050235WN   AIREY JR.       87,687.33     15          1,108.92    65 OWNER        180  WENDOVER    ARMC RETAIL      2/7/98
10050243 10050243WN   FRALEY JR.      90,756.70     12.95       1,359.03    80 OWNER        120  WENDOVER    ARMC RETAIL     3/20/98
10050250 10050250WN   BREWER          83,969.05     10.85         790.45    80 OWNER        360  WENDOVER    ARMC RETAIL     3/17/98
10050276 10050276WN   CARRIER         64,248.84     11.99         660.9   77.9 OWNER        360  WENDOVER    ARMC RETAIL     4/21/98
10050318 10050318WN   HILL            23,895.61     11.99         344.19    37 OWNER        120  WENDOVER    ARMC RETAIL     4/21/98
10050334 10050334WN   JOHNSON         42,191.98     13.99         499.68  36.7 OWNER        180  WENDOVER    ARMC RETAIL     3/12/98
10050466 10050466WN   BJORLING        21,100.88     10.75         289.04  12.1 OWNER        120  WENDOVER    ARMC RETAIL      4/9/98
10050482 10050482WN   GORE JR.        12,148.47     12.49         178.51    25 OWNER        120  WENDOVER    ARMC RETAIL     3/23/98
10050490 10050490WN   GRIFFIN         17,616.05     10.5          238.83  16.2 OWNER        120  WENDOVER    ARMC RETAIL     3/21/98
10050508 10050508WN   HARRIOTT        39,947.26      9.99         385.74  48.8 OWNER        240  WENDOVER    ARMC RETAIL     4/17/98
10050581 10050581WN   GRESHAM         28,842.10     11.99         346.66  69.8 NON OWNER    180  WENDOVER    ARMC RETAIL     3/23/98
10050599 10050599WN   WALKER          10,393.04     14.99         136.87  23.1 OWNER        240  WENDOVER    ARMC RETAIL     3/26/98
10050607 10050607WN   COOK JR.        42,384.09      8.65         422.26  46.2 OWNER        180  WENDOVER    ARMC RETAIL     3/28/98
10050623 10050623WN   HARRIS          43,987.69     12.1          455.98  44.7 OWNER        180  WENDOVER    ARMC RETAIL     3/28/98
10050672 10050672WN   CONTRERAS       11,500.00     14.99         151.35     9 OWNER        240  WENDOVER    ARMC RETAIL      3/3/98
10050680 10050680WN   DAVIS           98,800.00     15.5        1,288.86    65 OWNER        360  WENDOVER    ARMC RETAIL      3/3/98
10050698 10050698WN   TUCKER          24,000.00     14.5          293.89  53.3 OWNER        180  WENDOVER    ARMC RETAIL      4/4/98
10050722 10050722WN   SHARP           22,600.00     15.99         303.73  69.8 OWNER        180  WENDOVER    ARMC RETAIL      4/4/98
</TABLE>                                                                

                                  Page 3 of 25
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>          <C>            <C>                              <C>                 <C>        <C>   <C>               <C>
10050755 10050755WN   TAYLOR         129 WAGONWHEEL LAN               SURFSIDE BE         SC         29575 SFR               2/4/18 
10050789 10050789WN   ELDRIDGE       1328 CRAGHILL COUR               HANOVER             MD         21076 SFR               2/4/13 
10050797 10050797WN   CARR           1123 ELLICOTT DRIV               BALTIMORE           MD         21216 SFR               2/4/23 
10050987 10050987WN   KOUKIAS        1722 S CHARLES STREET            BALTIMORE           MD         21230 SFR               3/1/28 
10051019 10051019WN   MCCULLUM       131E 104TH PLACE                 CHICAGO             IL         60628 SFR              2/25/28 
10051027 10051027WN   RADFORD        4215 54TH PLACE                  BLADENSBURG         MD         20710 SFR              2/25/28 
10051050 10051050WN   HIXON JR       413 WESTSIDE BLVD                BALTIMORE           MD         21228 SFR               3/1/13 
10051092 10051092WN   THOMAS         3241 ADY ROAD                    STREET              MD         21154 SFR               3/1/28 
10051100 10051100WN   COOPER         1721 TUDOR AVENUE                EAST ST. LOUIS      IL         62207 SFR               3/3/13 
10051126 10051126WN   FERGUSON       1301 MANATEE COURT               SURFSIDE BEACH      SC         29575 SFR               3/3/13 
10051134 10051134WN   BECK           5313 WEST FOSTER                 CHICAGO             IL         60630 SFR               3/3/18 
10051142 10051142WN   BRITTAIN       1009 SOUTH ROLFE STR             ARLINGTON           VA         22204 SFR               3/3/13 
10051167 10051167WN   OCONNOR        375 WEST HAMILTON                PALATINE            IL         60067 SFR               3/3/13 
10051175 10051175WN   TAYLOR         139 W 119TH STREET               CHICAGO             IL         60628 SFR               3/3/13 
10051183 10051183WN   BLACKMON       11150 SOUTH UNION AV             CHICAGO             IL         60628 SFR               3/3/18 
10051233 10051233WN   FRITZ          570 COOLIDGE AVENUE              GLEN ELLYN          IL         60137 SFR               3/3/28 
10051274 10051274WN   SMITH          3365 NORTH WHITNEY A             ATLANTA             GA         30354140 SFR            3/4/28 
10051290 10051290WN   HARTJE         401 HIGH ROAD                    CARY                IL         60013 SFR               3/4/18 
10051308 10051308WN   MARTIN         3015 SEAMON AVENUE               BALTIMORE           MD         21225 SFR               3/1/18 
10051324 10051324WN   QUIZON         721 HUNTER WAY                   BALTIMORE           MD         21228 SFR               4/1/13 
10051373 10051373WN   FISHER         11901 CYPRESS DRIVE              LAURINGBURG         NC         28352 SFR               3/6/28 
10051381 10051381WN   WILSON         10 S 415 GLENN DRIVE             BURR RIDGE          IL         60521 SFR               3/6/18 
10051399 10051399WN   HURST          725 CRABTREE DRIVE               CHAPEL HILL         NC         27516 SFR               3/6/13 
10051407 10051407WN   MCCALL         4636 BRUNNERDALE AVE             CANTON              OH         44718 SFR               3/6/18 
10051415 10051415WN   CHENEY         2454 ZACHERY WOODS D             MARIETTA            GA         30064 PUD               3/7/18 
10051423 10051423WN   FERNANDEZ      921 SOUTH MAPLE STRE             MOUNT PROSPECT      IL         60056 SFR               4/1/18 
10051506 10051506WN   CARPENTER      311 61ST STREET NE               WASHINGTON          DC         20019 SFR             10/24/27 
10051514 10051514WN   SESKER         9300 CROOM ROAD                  UPPER MARLBORO      MD         20772 SFR               1/5/13 
10051522 10051522WN   BOYCE          1739 WARDENSVILLE GR             WINCHESTER          VA         22062 SFR               1/1/18 
10051530 10051530WN   DYER           2668 SHAFFER ROAD                ATWATER             OH         44201 SFR             11/19/12 
10051555 10051555WN   LAMSON         379 THIRD STREET                 WADSWORTH           OH         44218 SFR               1/1/13 
10053783 10053783WN   ROACH          6836 S SANGAMON AVEN             CHICAGO             IL         60621 SFR             12/10/27 
10053791 10053791WN   MYERS          106 SANTEE RIVER ROA             SURFSIDE            SC         29575 PUD              12/5/12 
10053809 10053809WN   JONES          1205 EDENVILLE DRI               DISTRICT HE         MD         20747 SFR               3/2/08 
10053833 10053833WN   HAIGBEA        5379 CLAY BANK ROU               GLOUCESTER          VA         23061 MANUF'D HM       2/26/13 
10053841 10053841WN   CORBETT        4514 BURLINGTON RO               HYATTSVILLE         MD         20781 SFR              2/28/28 
10053858 10053858WN   PHILLIPS       32 NEW COUNTY ROAD               ABERDEEN            MD         21001 SFR              2/28/18 
10053957 10053957WN   JONES          5001 PLATA ST                    CLINTON             MD         20735 SFR              2/24/18 
10054088 10054088WN   LAWRENCE       9 NACELLE ROAD                   BALTIMORE           MD         21220 SFR              2/23/28 
10054112 10054112WN   STEPHENS SR    800 EAST SOUTH STR               WOODSTOCK           IL         60098 SFR              2/21/28 
10054187 10054187WN   ISRAEL         78 INDIANA AVENUE                ASHVILLE            NC         28806 SFR              2/19/13 
10054211 10054211WN   BROOKS JR      2955 PONDS WOODS RD              HUNTINGTOWN         MD         20639 SFR              2/19/28 
10054260 10054260WN   MCFALLS        910 CHEROKEE TRAIL               SMYRNA              GA         30080 SFR              2/18/13 
10054344 10054344WN   BROWN          6316 CAPELLA AVENUE              BURKE               VA         22015 SFR              2/14/18 
10054419 10054419WN   ANDERSON       RT 2 BOX 234                     FLETCHER            NC         28732 SFR              2/10/28 
10054518 10054518WN   ECKARD         1230 MAIN AVE DR NW              HICKORY             NC         28601 SFR               2/7/13 
10054542 10054542WN   STINE          7016 ACRE HILL COURT             CHARLOTTE           NC         28277 SFR               2/6/28 
10054617 10054617WN   MONDRAGON      5824 SOUTH CLAREMO               CHICAGO             IL         60636 SFR               2/5/28 
10054625 10054625WN   STANCIL        2573 KIRK AVENUE                 BALTIMORE           MD         21218 SFR               2/5/08 
10054641 10054641WN   KOON JR.       2386 LAKESIDE DRIVE              LAKEMORE            OH         44250 SFR               2/1/28 
10054658 10054658WN   BEHM JR.       12513 FIRSBY AVENU               CLEVELAND           OH         44135 SFR               2/1/13 
10054666 10054666WN   SWANSON        309 E. MCMURRAY RO               CANNONSBURG         PA         15317 SFR               2/1/13 
10054674 10054674WN   KULLMAN        1819 BOULDER DRIVE               MOUNT PROSP         IL         60056 SFR              1/27/13 
10054682 10054682WN   STUART         4035 WILLOW RIDGE RD             DOUGLASVILL         GA         30135 SFR               2/3/18 
10054708 10054708WN   KRAUT          163 ABBEYWOOD CIRCLE             STREAMWOOD          IL         60107 SFR               2/3/08 
10054716 10054716WN   ELROD          4002 MORRIS ROAD                 POWDER SPRI         GA         30073 SFR               2/3/18 
10054740 10054740WN   CREWS          956 RAMSEY ROAD                  JACKSONVILL         NC         28546 MANUF'D HM        2/3/13 
10054757 10054757WN   LUNDEEN        1331 MAPLE ST                    MURPHYSBORO         IL         62966 SFR               2/3/18 

<CAPTION>

Servicer                               4/1/98                    Current                                               
  Loan    AMRESCO        Last        Scheduled     Current         P&I        Occupancy   Original                            Due  
 Number  Loan Number     Name         Balance       Rate         Payment   LTV  Status      Term Servicer        Originato    Date 
- -------- ----------      ----        ---------      ----         -------   ---- ------      ---- --------        ---------    ---- 
<S>      <C>          <C>            <C>            <C>         <C>      <C>   <C>          <C>  <C>           <C>           <C>
10050755 10050755WN   TAYLOR          28,000.00     12.99         327.84  23.8 OWNER        240  WENDOVER      ARMC RETAIL   4/4/98 
10050789 10050789WN   ELDRIDGE       125,600.00      9.99       1,348.94    80 OWNER        180  WENDOVER      ARMC RETAIL   4/4/98 
10050797 10050797WN   CARR            38,000.00     10.75         365.6   79.7 OWNER        300  WENDOVER      ARMC RETAIL   4/4/98 
10050987 10050987WN   KOUKIAS         54,000.00      9.2          442.29    75 OWNER        360  WENDOVER      ARMC RETAIL   4/1/98 
10051019 10051019WN   MCCULLUM        35,000.00     10.99         333.05  64.8 OWNER        360  WENDOVER      ARMC RETAIL  3/25/98 
10051027 10051027WN   RADFORD         78,400.00      9.2          642.14    80 OWNER        360  WENDOVER      ARMC RETAIL  3/25/98 
10051050 10051050WN   HIXON JR       120,000.00      9.2        1,231.44    79 OWNER        180  WENDOVER      ARMC RETAIL   4/1/98 
10051092 10051092WN   THOMAS         138,500.00      9.2        1,134.39  72.9 OWNER        360  WENDOVER      ARMC RETAIL   4/1/98 
10051100 10051100WN   COOPER          13,500.00     13.49         175.18 34.62 OWNER        180  WENDOVER      AMRESCO       4/3/98 
10051126 10051126WN   FERGUSON        42,000.00      8.99         425.74 43.75 OWNER        180  WENDOVER      AMRESCO       4/3/98 
10051134 10051134WN   BECK            14,400.00     13.99         178.96  8.57 OWNER        240  WENDOVER      AMRESCO       4/3/98 
10051142 10051142WN   BRITTAIN        21,000.00     13.99         279.52  9.66 OWNER        180  WENDOVER      AMRESCO       4/3/98 
10051167 10051167WN   OCONNOR         26,000.00      9.2          266.81 22.61 OWNER        180  WENDOVER      AMRESCO       4/3/98 
10051175 10051175WN   TAYLOR          58,000.00      8.74         579.34 69.88 OWNER        180  WENDOVER      AMRESCO       4/3/98 
10051183 10051183WN   BLACKMON        16,200.00     15.99         225.26 12.18 OWNER        240  WENDOVER      AMRESCO       4/3/98 
10051233 10051233WN   FRITZ          126,400.00      9.2        1,035.29    80 OWNER        360  WENDOVER      AMRESCO       4/3/98 
10051274 10051274WN   SMITH           65,600.00     11.79         664.18    80 OWNER        360  WENDOVER      AMRESCO       4/4/98 
10051290 10051290WN   HARTJE          30,000.00     14.5          384       12 OWNER        240  WENDOVER      AMRESCO       4/4/98 
10051308 10051308WN   MARTIN          42,400.00     11.99         466.56    80 OWNER        240  WENDOVER      AMRESCO       4/1/98 
10051324 10051324WN   QUIZON          36,700.00     14.5          501.14 14.98 OWNER        180  WENDOVER      AMRESCO       5/1/98 
10051373 10051373WN   FISHER          61,600.00      9.99         540.13    80 OWNER        360  WENDOVER      AMRESCO       4/6/98 
10051381 10051381WN   WILSON          32,100.00      9.99         309.56 11.22 OWNER        240  WENDOVER      AMRESCO       4/6/98 
10051399 10051399WN   HURST           59,500.00      8.99         603.13    70 OWNER        180  WENDOVER      AMRESCO       4/6/98 
10051407 10051407WN   MCCALL          59,400.00     12.5          674.87  49.5 OWNER        240  WENDOVER      AMRESCO       4/6/98 
10051415 10051415WN   CHENEY         121,800.00      7.75         999.92 85.77 OWNER        240  WENDOVER      AMRESCO       4/7/98 
10051423 10051423WN   FERNANDEZ       20,000.00     12.99         234.17  7.19 OWNER        240  WENDOVER      AMRESCO       5/1/98 
10051506 10051506WN   CARPENTER       99,774.00      8.9          797.44 79.82 OWNER        360  WENDOVER      AMRESCO      3/26/98 
10051514 10051514WN   SESKER          23,947.00     16.15         325.65 17.61 OWNER        360  WENDOVER      AMRESCO       4/5/98 
10051522 10051522WN   BOYCE           23,964.00     14.3          303.69 41.32 NON OWNER    240  WENDOVER      AMRESCO       4/1/98 
10051530 10051530WN   DYER            97,489.75     10.79         914.01 79.91 OWNER        360  WENDOVER      AMRESCO      3/21/98 
10051555 10051555WN   LAMSON          95,800.99     12.9        1,208.32 79.98 OWNER        180  WENDOVER      AMRESCO       3/1/98 
10053783 10053783WN   ROACH           51,961.85     10.89         490.89 79.94 OWNER        360  WENDOVER      AMRESCO      3/10/98 
10053791 10053791WN   MYERS           27,015.00     14.59         371.71 18.01 OWNER        180  WENDOVER      AMRESCO       4/5/98 
10053809 10053809WN   JONES           16,000.00     13.59         244.5   12.8 OWNER        120  WENDOVER      ARMC RETAIL   4/2/98 
10053833 10053833WN   HAIGBEA         35,000.00     17.05         539.89    50 NON OWNER    180  WENDOVER      ARMC RETAIL  3/26/98 
10053841 10053841WN   CORBETT         65,000.00      9.5          546.56  51.4 OWNER        360  WENDOVER      ARMC RETAIL  3/28/98 
10053858 10053858WN   PHILLIPS        76,000.00     11.94         833.65    80 OWNER        240  WENDOVER      ARMC RETAIL  3/28/98 
10053957 10053957WN   JONES          117,600.00      9.3        1,080.87    80 OWNER        240  WENDOVER      ARMC RETAIL  3/24/98 
10054088 10054088WN   LAWRENCE        90,400.00      9.2          740.43    80 OWNER        360  WENDOVER      ARMC RETAIL  3/23/98 
10054112 10054112WN   STEPHENS SR    104,000.00      9.2          851.82  78.8 OWNER        360  WENDOVER      ARMC RETAIL  3/21/98 
10054187 10054187WN   ISRAEL          43,400.00     12.75         542       70 OWNER        180  WENDOVER      ARMC RETAIL  3/19/98 
10054211 10054211WN   BROOKS JR       85,600.00     12.3          900.31    80 OWNER        360  WENDOVER      ARMC RETAIL  3/19/98 
10054260 10054260WN   MCFALLS         33,000.00     11.6          387.6   40.2 OWNER        180  WENDOVER      ARMC RETAIL  3/18/98 
10054344 10054344WN   BROWN           77,000.00     10.99         794.26  39.5 OWNER        240  WENDOVER      ARMC RETAIL  3/14/98 
10054419 10054419WN   ANDERSON        58,500.00     10.75         546.09    75 OWNER        360  WENDOVER      ARMC RETAIL  3/10/98 
10054518 10054518WN   ECKARD          51,998.49      9.99         558.48    80 OWNER        180  WENDOVER      ARMC RETAIL   4/7/98 
10054542 10054542WN   STINE          144,800.00     10.99       1,377.87    80 OWNER        360  WENDOVER      ARMC RETAIL   4/6/98 
10054617 10054617WN   MONDRAGON       46,400.00      9.2          380.04    80 OWNER        360  WENDOVER      ARMC RETAIL   4/5/98 
10054625 10054625WN   STANCIL         27,994.58     11.55         394.47    56 OWNER        120  WENDOVER      ARMC RETAIL   5/5/98 
10054641 10054641WN   KOON JR.        65,968.21      9.6          559.79    77 OWNER        360  WENDOVER      ARMC RETAIL   4/1/98 
10054658 10054658WN   BEHM JR.        43,993.63     14.99         556       80 OWNER        180  WENDOVER      ARMC RETAIL   4/1/98 
10054666 10054666WN   SWANSON        135,933.11      9.5        1,143.56    80 OWNER        180  WENDOVER      ARMC RETAIL   4/1/98 
10054674 10054674WN   KULLMAN         70,253.93     13.99         938.4     36 OWNER        180  WENDOVER      ARMC RETAIL  3/27/98 
10054682 10054682WN   STUART          13,300.00     15.75         182.55  14.6 OWNER        240  WENDOVER      ARMC RETAIL   4/3/98 
10054708 10054708WN   KRAUT          132,800.00      8.99       1,681.54    80 OWNER        120  WENDOVER      ARMC RETAIL   4/3/98 
10054716 10054716WN   ELROD           25,000.00     16.75         361.95  35.7 OWNER        240  WENDOVER      ARMC RETAIL   3/3/98 
10054740 10054740WN   CREWS           34,500.00      8.39         337.51  55.7 OWNER        180  WENDOVER      ARMC RETAIL   4/3/98 
10054757 10054757WN   LUNDEEN         20,500.00     12.99         240.03  36.9 OWNER        240  WENDOVER      ARMC RETAIL   4/3/98 
</TABLE>                                                                

                                  Page 4 of 25
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>          <C>            <C>                              <C>                 <C>        <C>   <C>              <C>
10054765 10054765WN   SEABOLT        1142 WALNUT STREET               ALLIANCE            OH         44601 SFR               2/2/13 
10054831 10054831WN   MCCRARY        4500 BEECHWOOD ROA               COLLEGE PAR         MD         20740 SFR               2/1/13 
10054930 10054930WN   NORTH          619 HURT ROAD                    SMYRNA              GA         30080 SFR              1/24/08 
10054955 10054955WN   MACGREGOR      3106 YORK WAY                    BALTIMORE           MD         21222 SFR              1/24/13 
10055028 10055028WN   HOWELL         1936 WILLA WAY                   DECATUR             GA         30032 SFR              1/23/13 
10055036 10055036WN   WILLIAMS       7514 9TH STREET NO               WASHINGTON          DC         20012 SFR              1/23/13 
10055069 10055069WN   PARTRIDGE      90 MCPHERSON LANE                BREMEN              GA         30110 SFR              1/27/13 
10055077 10055077WN   FARMER JR.     1311 COIT ROAD                   EAST CLEVEL         OH         44112 SFR              1/20/18 
10055093 10055093WN   SCHWEISS       5003 PADUCAH ROAD                COLLEGE PAR         MD         20740 SFR              1/27/13 
10055135 10055135WN   SESSION        3262 IRISH LANE                  DECATUR             GA         30032 SFR              1/23/18 
10055143 10055143WN   FORD           4012 HILLEN ROAD                 BALTIMORE           MD         21218 SFR              1/24/13 
10055168 10055168WN   SCHWARTZ       4445 SPRINGWELLS STREET          DETROIT             MI         48210 SFR               3/1/13 
10055234 10055234WN   LONGACRE       1215 TIMBER LANE                 FRIENDSWOOD         TX         77546 SFR               3/1/28 
10055291 10055291WN   CARLTON        1209 LAUREL STREET               SHARON HILL         PA         19079 SFR               3/1/28 
10055309 10055309WN   SHERWOOD       1597 WEST PEAR LAN               GREENVILLE          MS         38703 SFR               3/1/13 
10055333 10055333WN   HAYNES         103 BROOKHILL ROAD               SHELBY              NC         28150 SFR               2/1/28 
10055440 10055440WN   GUTHRIE        3980 PONDEROSA ROA               MALABAR             FL         32950 SFR               3/1/28 
10055515 10055515WN   WOODS          1961 JANIS DRIVE                 MEMPHIS             TN         38116 SFR               3/1/28 
10055556 10055556WN   MUKINI         LT#101 KILIKA STRE               NAALEHU             HI         96772 SFR               3/1/28 
10055572 10055572WN   DREISBACH      147 ELLEN WAY                    HARLEYSVILL         PA         19438 SFR               3/1/13 
10055580 10055580WN   RAMOS          131 CARTHAGE COURT               SAN ANTONIO         TX         78225 SFR               2/1/13 
10055598 10055598WN   FOSTER         620 CORA STREET                  JEANNETTE           PA         15644 SFR               3/1/28 
10055606 10055606WN   ALSTON         3728 PRESTON DRIVE               FORT WORTH          TX         76119 SFR               2/1/13 
10055655 10055655WN   CONDE          4TH AND ROSE                     HILLSBORO           NM         88042 SFR               3/1/28 
10055671 10055671WN   CHAJIN         3505 NORTH 85TH AVENUE           CORAL SPRIN         FL         33065 SFR               2/1/13 
10055697 10055697WN   MARSH          1843-1845 WEST 58T               CLEVELAND           OH         44102 2-4 UNITS         3/1/28 
10055754 10055754WN   BOOTH          16011 LEWIS ROAD                 SALINEVILLE         OH         43945 SFR               3/1/28 
10055762 10055762WN   WUSSTIG        LOT 12 PAAUILO MAUKA CAMP        PAAUILO             HI         96776 SFR               3/1/28 
10055788 10055788WN   SINGLETARY J   4605 DURANT                      NORTH CHARL         SC         29405 SFR               3/1/28 
10055812 10055812WN   JONES JR.      1816 MARTIN AVENUE               CHESAPEAKE          VA         23324 SFR               3/1/28 
10055820 10055820WN   MYLES          903 MASSEY AVENUE                DURHAM              NC         27701 2-4 UNITS         3/1/28 
10055838 10055838WN   MC DANIEL      3320 GORDON AVENUE               FORT WORTH          TX         76110 SFR               3/1/28 
10055853 10055853WN   NOYOLA         5255 WEST 26TH AVE               HIALEAH             FL         33016 CONDO             2/1/28 
10055879 10055879WN   DUNCAN         515N 29TH WEST AVE               TULSA               OK         74127 SFR               3/1/28 
10055911 10055911WN   PARISI         223 HILLSIDE AVENU               ELLWOOD CIT         PA         16117 SFR               3/1/28 
10055937 10055937WN   BIRD-AUSTIN    3406 SPRING CHASE LN             ELLENWOOD           GA         30294 SFR               2/1/28 
10055952 10055952WN   ANDREW         8418 DEEP RIVER ROAD             SANFORD             NC         27330 SFR               2/1/13 
10055986 10055986WN   TUCKER         2017 GARRARD STREE               COVINGTON           KY         41014 SFR               3/1/13 
10056026 10056026WN   ANDERSON       584 LONGWOOD ROAD                NE SHALLOTT         NC         28470 SFR               3/1/28 
10056042 10056042WN   WIMER          2974 MEADOW VUE DR               PITTSBURGH          PA         15227 SFR               3/1/28 
10056067 10056067WN   HUDSON         26071 JACKSON STRE               LACOMBE             LA         70445 SFR               3/1/28 
10056083 10056083WN   POTTS          97 COUNTY ROAD 479               PARIS               MS         38949 SFR               3/1/13 
10056125 10056125WN   LOPEZ          8650 SW 133 AVENUE               MIAMI               FL         33196 CONDO             2/1/28 
10056141 10056141WN   LINK           7179 RANSDORP DRIV               MEMPHIS             TN         38133 SFR               3/1/28 
10056190 10056190WN   MATHEWS        9654 SOUTH FOREST AVE            CHICAGO             IL         60628 SFR               3/1/13 
10056208 10056208WN   THROCKMORTON   306 THIRD STREET                 CLARKSVILLE         PA         15522 SFR               3/1/28 
10056216 10056216WN   HERNANDEZ      RT 20 BOX 80HA                   MISSION             TX         78572 SFR               3/1/28 
10056224 10056224WN   SMITH          2312 BOONE STREET                CINCINNATI          OH         45206 SFR               3/1/28 
10056232 10056232WN   ADAMS          414 SOUTH AUSTIN S               EDGEWOOD            TX         75117 SFR               3/1/28 
10056265 10056265WN   LAMBETH        738 MULBERRY STREE               HAMMOND             IN         46324 SFR               3/1/13 
10056349 10056349WN   YOSHIOKA       27 MAKALANI PLACE                MAKAWAO             HI         96768 2-4 UNITS         3/1/28 
10056356 10056356WN   HOLCOMB        10925 GAY AVENUE                 CLEVELAND           OH         44105 SFR               3/1/28 
10056364 10056364WN   GOMERA         LOT 30 MILO PLACE                OOKALA              HI         96774 SFR               3/1/28 
10056372 10056372WN   GARDNER        1043 WILLINGHAM ST               NORFOLK             VA         23505 SFR               3/1/28 
10056380 10056380WN   FLETCHER       1110 OAKDALE DRIVE               HYATTSVILLE         MD         20782 SFR               3/1/28 
10056422 10056422WN   ILAR           1712 KEONE STREET                HILO                HI         96720 SFR               3/1/28 
10056448 10056448WN   ZUCKERBERG     3928 EDWARDS ROAD                CINCINNATI          OH         45209 SFR               3/1/28 
10056463 10056463WN   ATWELL         408 NORTH BOULDIN                BALTIMORE           MD         21224 SFR               3/1/28 

<CAPTION>

Servicer                                4/1/98                   Current                                                       
  Loan    AMRESCO        Last         Scheduled     Current        P&I        Occupancy   Original                             Due  
 Number  Loan Number     Name          Balance       Rate        Payment   LTV  Status      Term Servicer      Originator      Date 
- -------- ----------      ----         ---------      ----        -------   ---- ------      ---- --------      ----------      ---- 
<S>      <C>          <C>             <C>            <C>        <C>       <C>  <C>          <C>  <C>         <C>              <C>
10054765 10054765WN   SEABOLT          52,500.00     14.74        652.93    75 OWNER        180  WENDOVER    ARMC RETAIL      3/2/98
10054831 10054831WN   MCCRARY          59,987.89     13.55        689.61  35.5 OWNER        180  WENDOVER    ARMC RETAIL      4/1/98
10054930 10054930WN   NORTH            60,764.40     13.99        946.76    70 OWNER        120  WENDOVER    ARMC RETAIL     3/24/98
10054955 10054955WN   MACGREGOR       105,549.68      9.65        899.52    80 OWNER        180  WENDOVER    ARMC RETAIL     3/24/98
10055028 10055028WN   HOWELL           26,450.14     12.65        329.21    50 OWNER        180  WENDOVER    ARMC RETAIL     3/23/98
10055036 10055036WN   WILLIAMS        102,339.85      8.65        798.28    80 OWNER        180  WENDOVER    ARMC RETAIL     4/23/98
10055069 10055069WN   PARTRIDGE        28,495.59     14.7         353.54    18 OWNER        180  WENDOVER    ARMC RETAIL     3/27/98
10055077 10055077WN   FARMER JR.       43,566.26     13.95        540.59  71.5 OWNER        240  WENDOVER    ARMC RETAIL     3/20/98
10055093 10055093WN   SCHWEISS         62,589.48     14.35        759.11    40 OWNER        180  WENDOVER    ARMC RETAIL     4/27/98
10055135 10055135WN   SESSION          51,568.35     15.6         702.45  56.1 OWNER        240  WENDOVER    ARMC RETAIL     3/23/98
10055143 10055143WN   FORD             51,874.42      9.99        558.48  73.2 OWNER        180  WENDOVER    ARMC RETAIL     4/24/98
10055168 10055168WN   SCHWARTZ         16,250.00     12.5         200.28  54.2 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98
10055234 10055234WN   LONGACRE         50,700.00     12.4         537.17  51.7 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10055291 10055291WN   CARLTON          40,950.00     13.63        473.24    65 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10055309 10055309WN   SHERWOOD         56,000.00      9.5         584.77    80 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98
10055333 10055333WN   HAYNES           49,066.51     12.18        511.65  81.8 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10055440 10055440WN   GUTHRIE          85,785.00      8.55        662.65  71.5 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10055515 10055515WN   WOODS            64,175.00     11.75        647.79    85 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10055556 10055556WN   MUKINI           72,000.00     10.4         653.24    80 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10055572 10055572WN   DREISBACH        77,500.00      5.63        638.6     62 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98
10055580 10055580WN   RAMOS            18,963.04     12.3         231.71  60.3 OWNER        180  WENDOVER    ARMC WHOLESALE   3/1/98
10055598 10055598WN   FOSTER           75,000.00     10.79        702.37    75 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10055606 10055606WN   ALSTON           24,649.42     11.76        292.64  66.8 NON OWNER    180  WENDOVER    ARMC WHOLESALE   4/1/98
10055655 10055655WN   CONDE            30,000.00     12.01        308.81    48 OWNER        360  WENDOVER    ARMC WHOLESALE   5/1/98
10055671 10055671WN   CHAJIN           89,700.26     13.5       1,166.62    70 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98
10055697 10055697WN   MARSH            38,500.00     11.88        392.46  66.4 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98
10055754 10055754WN   BOOTH            70,000.00      9.6         593.71  77.8 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10055762 10055762WN   WUSSTIG          71,250.00      8.99        572.78    75 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10055788 10055788WN   SINGLETARY J     50,000.00     12.38        528.98  78.4 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10055812 10055812WN   JONES JR.        33,600.00     14.38        408.24  61.1 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10055820 10055820WN   MYLES            30,000.00     12.16        312.28    75 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98
10055838 10055838WN   MC DANIEL        24,800.00     11.63        248.06    80 OWNER        360  WENDOVER    ARMC RETAIL      4/1/98
10055853 10055853WN   NOYOLA           50,617.88     12.8         552.17    83 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10055879 10055879WN   DUNCAN           28,200.00     12           290.07    60 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10055911 10055911WN   PARISI           57,515.63      9.48        482.78  76.7 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10055937 10055937WN   BIRD-AUSTIN     101,126.76      9.95        884.12    65 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10055952 10055952WN   ANDREW           29,940.69     12.13        362.56  46.2 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98
10055986 10055986WN   TUCKER           48,000.00     11.05        547.07    80 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98
10056026 10056026WN   ANDERSON         20,000.00     12.63        215.47  43.5 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10056042 10056042WN   WIMER            56,991.15     12.48        607.36  61.3 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10056067 10056067WN   HUDSON           52,000.00     10.45        473.72    65 OWNER        360  WENDOVER    ARMC WHOLESALE   5/1/98
10056083 10056083WN   POTTS            46,550.00     14.5         635.64    70 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98
10056125 10056125WN   LOPEZ            43,831.24      8.65        341.9   81.4 OWNER        360  WENDOVER    ARMC WHOLESALE   3/1/98
10056141 10056141WN   LINK             76,500.00     11.3         745.92    90 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10056190 10056190WN   MATHEWS          19,990.00     11.53        233.9   23.8 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98
10056208 10056208WN   THROCKMORTON     32,100.00     12.41        340.35  61.1 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98
10056216 10056216WN   HERNANDEZ        40,250.00     13.55        462.61    70 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10056224 10056224WN   SMITH            21,000.00     14.75        261.34  63.6 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10056232 10056232WN   ADAMS            29,738.89     11.7         301.17  54.5 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10056265 10056265WN   LAMBETH          57,200.00      9.5         597.3     80 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98
10056349 10056349WN   YOSHIOKA        197,600.00      8.99      1,588.51    80 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10056356 10056356WN   HOLCOMB          25,800.00     13.4         293.49    60 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10056364 10056364WN   GOMERA          148,750.00      8.5       1,143.76    85 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10056372 10056372WN   GARDNER          26,400.00     12.58        283.4     55 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10056380 10056380WN   FLETCHER         57,000.00     13.13        636.33  46.7 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10056422 10056422WN   ILAR            162,400.00      9.6       1,377.41    80 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10056448 10056448WN   ZUCKERBERG       85,000.00     11.4         835.27  70.3 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98
10056463 10056463WN   ATWELL           19,000.00     11.26        184.68    76 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98
</TABLE>                                                                  

                                  Page 5 of 25
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>          <C>            <C>                              <C>                 <C>        <C>   <C>               <C>
10056471 10056471WN   CHANEY JR.     2129 CHRISTIAN STR               BALTIMORE           MD         21223 SFR               3/1/28 
10056489 10056489WN   CHANEY JR      417 SOUTH PARRISH                BALTIMORE           MD         21223 SFR               3/1/28 
10056521 10056521WN   CORONA         1923 EAST 24TH STR               NATIONAL CI         CA         91950 SFR               3/1/28 
10056539 10056539WN   AGUDA          2176 KAMEHAMEHA HIGHWAY          HONOLULU            HI         96819 SFR               3/1/28 
10056562 10056562WN   HAWKINS        10302 WEST BRIGHT                SUN CITY            AZ         85351 CONDO             3/1/28 
10056620 10056620WN   PASCUA         66-302 KAAMOOLOA R               WAIALUA             HI         96791 SFR               3/1/28 
10056679 10056679WN   RUTH           5801 WEST 7TH STRE               PINE BLUFF          AR         71603 SFR               3/1/28 
10056711 10056711WN   PUGH           303 BRATTON STREET               WINNSBORO           SC         29180 SFR               3/1/28 
10056729 10056729WN   PAYNE          4712 CHENEVERT ST                HOUSTON             TX         77004 SFR               3/1/28 
10056802 10056802WN   HAWKINS        159 LITTLE CALIFORNIA            MARKSVILLE          LA         71351 SFR               3/1/28 
10056836 10056836WN   FRAZIER        325 COUNTRYSIDE DR               HORSE CAVE          KY         42749 SFR               3/1/28 
10056844 10056844WN   JOHNSTON III   5632 WEST SHORE DR               MORGANTOWN          IN         46160 SFR               3/1/28 
10056851 10056851WN   WALKER         4900 NORTH 40TH ST               MILWAUKEE           WI         53216 2-4 UNITS         3/1/28 
10056885 10056885WN   BENNETT        301S KENTUCKY AVE                EVANSVILLE          IN         47714 SFR               3/1/28 
10056901 10056901WN   ANDRES         571 SOUTH ALU ROAD               WAILUKU             HI         96793 SFR               3/1/28 
10056950 10056950WN   COMEAUX        1619 WEST 134TH STREET           COMPTON             CA         90222 SFR               3/1/28 
10056968 10056968WN   POWERS         47-4710 HONOKAA-WA               HONOKAA             HI         96727 SFR               3/1/28 
10056976 10056976WN   DOMINGUEZ      8519 HALE LIO STRE               KEKAHA              HI         96752 SFR               3/1/28 
10056984 10056984WN   VICTOR         962 MILILANI STREE               HILO                HI         96720 SFR               3/1/28 
10057008 10057008WN   BIGORNIA       830 NIHEU STREET                 LAHAINA             HI         96761 SFR               3/1/28 
10057024 10057024WN   MCCRAY         924 TAFT AVENUE                  PITTSBURGH          PA         15210 SFR               3/1/13 
10057107 10057107WN   BYRD           6708 CRESTFIELD DR               ARLINGTON           TX         76016 SFR               3/1/28 
10057123 10057123WN   ZAMPAGA        85-707 A PILIUKA PLACE           WAIANAE             HI         96792 SFR               3/1/28 
10057131 10057131WN   ZAMPAGA        94-112 & 114 PAHU                WAIPAHU             HI         96797 2-4 UNITS         3/1/28 
10057230 10057230WN   FIELD          330 MERLINE ROAD                 VERNON              CT         60660 SFR               3/1/28 
10057255 10057255WN   BROCKINGTON    810 EAST VANCE ST                WILSON              NC         27893 SFR               3/1/28 
10057271 10057271WN   WHITE          9263 WARWICK STREE               DETROIT             MI         48228 SFR               3/1/28 
10057297 10057297WN   TOWNSEND       118 FORD HILL LANE               SEYMOUR             TN         37865 SFR               3/1/28 
10057305 10057305WN   GORDON-HAY     10241S BENSLEY AVE               CHICAGO             IL         60617 SFR               3/1/13 
10057313 10057313WN   WRIGHT         134 SOUTH FRONT ST               CATASAUQUA          PA         18032 SFR               3/1/13 
10057347 10057347WN   MCNEAL         7903 LANGDON LANE                HOUSTON             TX         77036 SFR               3/1/28 
10057362 10057362WN   BAKER          ROUTE 3 BOX 139C                 DE KALB             TX         75559 SFR               3/1/28 
10057453 10057453WN   BULLARD        2084 MEADOWLARK RANCH C          SAN MARCOS          CA         92069 SFR               3/1/28 
10057461 10057461WN   BLOUIN         4721 TOURO STREET                NEW ORLEANS         LA         70122 SFR               3/1/28 
10057487 10057487WN   COLLINS        514 MASHAMOQUET RO               POMFRET CTR         CT         62590 SFR               3/1/28 
10057503 10057503WN   BUDDIN         14177 ST. MARYS                  DETROIT             MI         48227 SFR               3/1/28 
10057511 10057511WN   HEARNS         18509 MENDOTA                    DETROIT             MI         48221 SFR               3/1/13 
10057529 10057529WN   LIVINGSTON     LOT #10 HAUHOA ST                KAMUELA             HI         96743 SFR               3/1/28 
10057552 10057552WN   WALKER         22 MALIA STREET                  HILO                HI         96720 SFR               3/1/28 
10057560 10057560WN   BARRIOS        1865 79TH STREET C               NORTH BAY V         FL         33141 CONDO             3/1/28 
10057586 10057586WN   SHERRILL       8057 FELTS ROAD                  CATAWBA             NC         28609 SFR               3/1/13 
10057628 10057628WN   KORKA          5160 S.W. 89TH TER               COOPER CITY         FL         33328 SFR               3/1/28 
10057636 10057636WN   MOTICHEK       74136 QUAVE ROAD                 COVINGTON           LA         70434 SFR               3/1/28 
10057669 10057669WN   BAPITST        3398 BEECHGROVE                  MEMPHIS             TN         38118 SFR               3/1/28 
10057677 10057677WN   TOWNSEND       264 BARLOW ROAD                  ROYAL               AR         71968 SFR               3/1/13 
10057719 10057719WN   BEEGHLY        76018 PALMER JUNCTION            ELGIN               OR         97827 SFR               3/1/28 
10057750 10057750WN   ROBINSON SR.   639 LENORA STREET                PITTSBURGH          PA         15206 2-4 UNITS         3/1/13 
10057834 10057834WN   GONZALEZ       6391 TAYLOR ROAD                 KAUFMAN             TX         75142 SFR               3/1/28 
10057859 10057859WN   MARIE          15242 NOTTINGHAM L               HUNTINGTON          CA         92647 SFR               3/1/28 
10057867 10057867WN   YOUNG          4476 WEST CYPRESS                HOUSTON             TX         77379 SFR               3/1/28 
10057891 10057891WN   MINNICH        28038 VIA DE COSTA               SAN JUAN CA         CA         92675 CONDO             3/1/28 
10057966 10057966WN   TURKOS         108 POCONO BOULEVA               MOUNT POCON         PA         16344 SFR               3/1/28 
10058006 10058006WN   LOWE           2721 WEST MAGNOLIA               ROGERS              AR         72758 SFR               3/1/28 
10058063 10058063WN   MCGHEE         4673 NORTH 39TH ST               MILWAUKEE           WI         53209 SFR               3/1/13 
10058071 10058071WN   COX            199 CLAY STREET                  ROCHESTER           PA         15074 SFR               3/1/13 
10058097 10058097WN   JOHNSON        1615 LAFAYETTE BLVD APT          NORFOLK             VA         23509 SFR               3/1/28 
10058162 10058162WN   CLARK          4498 GRINSTEAD                   MEMPHIS             TN         38141 SFR               3/1/13 
10058196 10058196WN   GLASS          4525 BLUEBELL                    MEMPHIS             TN         38109 SFR               3/1/13 

<CAPTION>

Servicer                                4/1/98                    Current                                                       
  Loan    AMRESCO        Last         Scheduled     Current         P&I        Occupancy   Original                            Due  
 Number  Loan Number     Name          Balance       Rate         Payment   LTV  Status      Term Servicer     Originator      Date 
- -------- ----------      ----         ---------      ----         -------   ---- ------      ---- --------     ----------      ---- 
<S>      <C>          <C>             <C>            <C>         <C>       <C>  <C>          <C>  <C>        <C>              <C>
10056471 10056471WN   CHANEY JR.       22,400.00     12.06         231.44    70 NON OWNER    360  WENDOVER   ARMC WHOLESALE   4/1/98
10056489 10056489WN   CHANEY JR        24,500.00     12.06         253.14    70 NON OWNER    360  WENDOVER   ARMC WHOLESALE   4/1/98
10056521 10056521WN   CORONA           79,000.00      9.75         678.73  65.8 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10056539 10056539WN   AGUDA           315,000.00      8.99       2,532.30    70 NON OWNER    360  WENDOVER   ARMC WHOLESALE   4/1/98
10056562 10056562WN   HAWKINS          62,400.00      9.75         536.11    80 OWNER        360  WENDOVER   ARMC RETAIL      4/1/98
10056620 10056620WN   PASCUA          350,000.00      7.5        2,447.25    70 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10056679 10056679WN   RUTH             36,000.00     12.3          378.63    80 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10056711 10056711WN   PUGH             80,000.00     12.48         852.56    80 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10056729 10056729WN   PAYNE           114,500.00     11          1,090.41  71.6 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10056802 10056802WN   HAWKINS          21,450.00     13.38         243.67    55 NON OWNER    360  WENDOVER   ARMC WHOLESALE   4/1/98
10056836 10056836WN   FRAZIER          56,000.00     11.5          554.56    80 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10056844 10056844WN   JOHNSTON III     50,000.00     11.95         512.38  66.7 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10056851 10056851WN   WALKER           35,366.00     11.53         351.04  81.3 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10056885 10056885WN   BENNETT          44,400.00     10.55         407.8     80 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10056901 10056901WN   ANDRES          430,500.00      7.35       2,966.02    82 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10056950 10056950WN   COMEAUX         105,522.00      8.6          818.86  81.8 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10056968 10056968WN   POWERS           84,000.00      8.5          645.89    80 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10056976 10056976WN   DOMINGUEZ       120,120.00      9.8        1,036.43    77 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10056984 10056984WN   VICTOR          103,700.00      9.7          887.14    85 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10057008 10057008WN   BIGORNIA        185,625.00      8.7        1,453.69    75 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10057024 10057024WN   MCCRAY           28,800.00     11.68         339.74    86 OWNER        180  WENDOVER   ARMC WHOLESALE   5/1/98
10057107 10057107WN   BYRD             42,403.82     12.4          464.06    60 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10057123 10057123WN   ZAMPAGA         172,800.00      7.99       1,266.74    72 NON OWNER    360  WENDOVER   ARMC WHOLESALE   4/1/98
10057131 10057131WN   ZAMPAGA         172,800.00      7.99       1,266.74    72 NON OWNER    360  WENDOVER   ARMC WHOLESALE   4/1/98
10057230 10057230WN   FIELD           128,000.00     11.7        1,287.14    80 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10057255 10057255WN   BROCKINGTON      37,100.00     15.43         481.89    70 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10057271 10057271WN   WHITE            45,000.00     10.1          398.24  68.2 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10057297 10057297WN   TOWNSEND         70,000.00     11.03         668.21  53.9 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10057305 10057305WN   GORDON-HAY       48,800.00     10.38         535.81    80 OWNER        180  WENDOVER   ARMC RETAIL      4/1/98
10057313 10057313WN   WRIGHT           90,537.08      7.25         826.48  76.7 OWNER        180  WENDOVER   ARMC WHOLESALE   4/1/98
10057347 10057347WN   MCNEAL           85,500.00     12.05         882.76    90 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10057362 10057362WN   BAKER            42,925.00     11.3          418.54    85 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10057453 10057453WN   BULLARD         119,000.00      9.375        989.78    85 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10057461 10057461WN   BLOUIN           40,800.00     13.55         468.93    60 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10057487 10057487WN   COLLINS          63,000.00     10.9          595.21    70 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10057503 10057503WN   BUDDIN           40,700.00     13.78         475.16    55 NON OWNER    360  WENDOVER   ARMC WHOLESALE   4/1/98
10057511 10057511WN   HEARNS           36,400.00     14.5          497.04    70 OWNER        180  WENDOVER   ARMC WHOLESALE   4/1/98
10057529 10057529WN   LIVINGSTON      269,500.00     10.9        2,546.17    77 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10057552 10057552WN   WALKER          138,400.00      7.99       1,014.57    80 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10057560 10057560WN   BARRIOS          50,184.00      8.64         390.86  81.6 OWNER        360  WENDOVER   ARMC RETAIL      4/1/98
10057586 10057586WN   SHERRILL         36,750.00     10.91         415.62    75 NON OWNER    180  WENDOVER   ARMC WHOLESALE   4/1/98
10057628 10057628WN   KORKA           114,000.00      9.68         973.58    57 OWNER        360  WENDOVER   ARMC RETAIL      4/1/98
10057636 10057636WN   MOTICHEK         35,500.00      9            285.64  64.6 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10057669 10057669WN   BAPITST          35,200.00     11.05         336.55  73.3 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10057677 10057677WN   TOWNSEND         30,000.00     11.15         343.81    75 OWNER        180  WENDOVER   ARMC WHOLESALE   4/1/98
10057719 10057719WN   BEEGHLY         157,000.00      9.75       1,348.87  69.2 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10057750 10057750WN   ROBINSON SR.     34,137.62     11.38         396.19  71.1 OWNER        180  WENDOVER   ARMC WHOLESALE   4/1/98
10057834 10057834WN   GONZALEZ         42,600.00     11.7          428.38    52 OWNER        360  WENDOVER   ARMC WHOLESALE   5/1/98
10057859 10057859WN   MARIE           150,000.00      8          1,100.65  62.5 NON OWNER    360  WENDOVER   ARMC WHOLESALE   4/1/98
10057867 10057867WN   YOUNG            72,250.00     11.3          704.48    85 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10057891 10057891WN   MINNICH         170,500.00      8.75       1,341.32    81 OWNER        360  WENDOVER   ARMC RETAIL      4/1/98
10057966 10057966WN   TURKOS           84,400.00     11.26         820.39    80 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10058006 10058006WN   LOWE             86,000.00     11.5          851.65  75.1 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10058063 10058063WN   MCGHEE           36,715.75     12.38         449.67  66.8 OWNER        180  WENDOVER   ARMC WHOLESALE   4/1/98
10058071 10058071WN   COX              57,597.98      8.99         583.85    86 OWNER        180  WENDOVER   ARMC WHOLESALE   4/1/98
10058097 10058097WN   JOHNSON          60,000.00     12.28         630.13    60 OWNER        360  WENDOVER   ARMC WHOLESALE   4/1/98
10058162 10058162WN   CLARK            35,000.00      9.3          361.27  39.8 OWNER        180  WENDOVER   ARMC WHOLESALE   4/1/98
10058196 10058196WN   GLASS            44,625.00     11.3          515.64    85 OWNER        180  WENDOVER   ARMC WHOLESALE   4/1/98
</TABLE>                                                                 

                                  Page 6 of 25

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>          <C>            <C>                              <C>                 <C>        <C>   <C>               <C>
10058204 10058204WN   HOSKINS JR.    36965 HWY 11 SOUTH               TRIUMH              LA         70041 SFR               3/1/28 
10058212 10058212WN   ACOSTA JR      91- 1224 KAUIKI ST               EWA BEACH           HI         96706 SFR               3/1/28 
10058279 10058279WN   NOTHDURFT      1136 FRANKLIN STRE               WHITE OAK           PA         15131 SFR               3/1/28 
10058295 10058295WN   JONES          15814 IRONSIDE CRE               HOUSTON             TX         77053 SFR               3/1/13 
10058303 10058303WN   FERRER         4010 COUNTRY TRLS LN             BONITA AREA         CA         91902 SFR               3/1/28 
10058311 10058311WN   GILL           797 SOUTH 22ND ST                COLUMBUS            OH         43206 SFR               3/1/28 
10058352 10058352WN   PITCHAL        505 CAMPUS STREET                CELEBRATION         FL         34747 SFR               3/1/28 
10058360 10058360WN   LARA           311 ACACIA AVENUE                HEMET               CA         92543 SFR               3/1/28 
10058386 10058386WN   VELA           4723 SAVANNAH DRIV               BROWNSVILLE         TX         78520 SFR               3/1/28 
10058402 10058402WN   FERNANDEZ      5923 KAWAIHAU ROAD               KAPAA               HI         96746 CONDO             3/1/28 
10058527 10058527WN   BORNIOS        990 BLOSSOM MEADOW               HENDERSON           NV         89012 SFR               3/1/28 
10058568 10058568WN   HARRELL        7108 MONTICELLO ST               PITTSBURGH          PA         15208 SFR               3/1/28 
10058576 10058576WN   PRATT          7620 EAST 100TH ST               KANSAS CITY         MO         94134 SFR               3/1/28 
10058592 10058592WN   TURK           15706 DUNMOOR DRIVE              HOUSTON             TX         77059 SFR               3/1/28 
10058600 10058600WN   NOBRIGA        16-2023 ALOHA DRIV               KEAAU               HI         96749 SFR               3/1/28 
10058634 10058634WN   GLODD          3814 WICHITA STREE               HOUSTON             TX         77004 SFR               3/1/13 
10058691 10058691WN   CAMPBELL       19 NORTH HIGH STRE               CROTON              OH         43013 SFR               3/1/13 
10058766 10058766WN   JENKINS        6666 SOUTH BEAL RO               VINCENNES           IN         47591 SFR               3/1/28 
10058774 10058774WN   DREW           1440 EAST 116TH STREET           CLEVELAND           OH         44106 SFR               3/1/28 
10058782 10058782WN   GOULD          109 SAVANNAH GARDNE RD           NEW CASTLE          PA         16101 SFR               3/1/13 
10058832 10058832WN   BOLLINGER      727 MONONGAHELA AV               GLASSPORT           PA         15045 SFR               3/1/13 
10058840 10058840WN   WILSON         2322 DALEFORD AVE NE             CANTON              OH         44705 SFR               3/1/28 
10058865 10058865WN   COTE           600 ALLEN AVENUE                 DELRAY BEAC         FL         33483 2-4 UNITS         3/1/28 
10058915 10058915WN   HOFFMAN        708 SEMINOLE AVE.                CLEWISTON           FL         33440 SFR               3/1/28 
10058923 10058923WN   LEWIS          3615 WEST GARRISON AVE           BALTIMORE           MD         21215 SFR               3/1/28 
10058964 10058964WN   TRUE           1991 KAIWIKI ROAD                HILO                HI         96720 SFR               3/1/28 
10058972 10058972WN   BENNETT        324 MARTIN LUTHER KING           WEST POINT          MS         39773 SFR               3/1/28 
10059020 10059020WN   LANYON         2838 LAS PALMAS DRIVE            PORT ARTHUR         TX         77642 SFR               3/1/28 
10059079 10059079WN   BAKER          3241 FIRE STATION                BUENA VISTA         PA         15018 SFR               3/1/28 
10059129 10059129WN   HARRIS         1104 ORCUTT AVENUE               NEWPORT NEW         VA         23607 SFR               3/1/28 
10059137 10059137WN   TEVES          45-512 LOKELANI ST               HONOKAA             HI         96727 SFR               3/1/28 
10059152 10059152WN   MCDANIEL       411 PALMETTO STREE               HOT SPRINGS         AR         71901 SFR               3/1/28 
10059210 10059210WN   TRETTER        123 EICHELBERGER                 STAINT LOUI         MO         63111 2-4 UNITS         3/1/13 
10059236 10059236WN   PAGUIRIGAN     268 KILEA PLACE                  WAHIAWA             HI         96786 SFR               3/1/28 
10059251 10059251WN   SOUDER         206 NORTH STREET                 GEORGETOWN          OH         45121 SFR               3/1/28 
10059277 10059277WN   BURNSIDE       475 OXFORD STREET                CHULA VISTA         CA         91911 SFR               3/1/28 
10059301 10059301WN   SPEARS         2713 NORTH DETROIT AVE           TOLEDO              OH         43610 SFR               3/1/28 
10059335 10059335WN   MEYERS         4114 SHERLOCK DRIVE              INDIANAPOLI         IN         46254 SFR               3/1/13 
10059368 10059368WN   MATTHEWS       2234 NORTH CHADWIC               PHILADELPHI         PA         19132 SFR               3/1/28 
10059376 10059376WN   EVANS          3403 KENTRYE ROAD                HAMER               SC         29547 SFR               3/1/13 
10059384 10059384WN   PAGUIRIGAN     94-246 LEOKU STREE               WAIPAHU             HI         96797 CONDO             3/1/28 
10059392 10059392WN   MEYERS         2735 EAGLEDALE DRIVE             INDIANAPOLI         IN         46222 SFR               3/1/13 
10059459 10059459WN   GATEWOOD       1622 WEST 110TH ST               LOS ANGELES         CA         90047 SFR               3/1/28 
10059517 10059517WN   KNIGHT         1668 BURGESS ROAD                CLEVELAND           OH         44112 SFR               3/1/28 
10059533 10059533WN   SETTAR         208 NORTH PORT ST                BALTIMORE           MD         21224 SFR               3/1/13 
10059541 10059541WN   SETTAR         402N ROBINSON ST                 BALTIMORE           MD         21224 SFR               3/1/13 
10059590 10059590WN   GRAHAM         705 JACKSON STREET               CAMPBELLSVI         KY         42718 SFR               3/1/13 
10059624 10059624WN   HARRIS         518 SOUTH COOL SPRINGS           FAYETTEVILL         NC         28301 SFR               3/1/13 
10059673 10059673WN   KRAJEWSKI      123 COUNTRY LANE                 PORTGAGE            PA         15946 SFR               3/1/13 
10059681 10059681WN   HARRIS         4401 33RD STREET                 DICKINSON           TX         77539 SFR               3/1/28 
10059699 10059699WN   EIFERT         6805 CLARAWELL DRI               LOVELAND            OH         45140 SFR               3/1/28 
10059731 10059731WN   LANIER         8704 GUTHRIE AVENU               LOS ANGELES         CA         90034 2-4 UNITS         3/1/28 
10059749 10059749WN   BLAYLOCK       236 EAST 16TH ST                 HOMESTEAD           PA         15120 SFR               3/1/13 
10059772 10059772WN   JONES          5013 WILLOWS AVENUE              PHILADELPHI         PA         19143 SFR               3/1/28 
10059780 10059780WN   JONES          8612 GILBERT STREE               PHILADELPHI         PA         19150 SFR               3/1/28 
10059806 10059806WN   HUGHES         4106 ROLLINS AVENU               BALTIMORE           MD         21207 SFR               3/1/28 
10059814 10059814WN   INGRAM         3503 GLENWOOD AVEN               YOUNGSTOWN          OH         44511 SFR               3/1/28 
10059863 10059863WN   PERREIRA       2615 POLOLEI STREE               HAIKU               HI         96708 SFR               3/1/28 

<CAPTION>

Servicer                               4/1/98                    Current                                                 
  Loan    AMRESCO        Last        Scheduled     Current         P&I        Occupancy   Original                             Due  
 Number  Loan Number     Name         Balance       Rate         Payment   LTV  Status      Term Servicer       Originator     Date 
- -------- ----------      ----        ---------      ----         -------   ---- ------      ---- --------       ----------     ---- 
<S>      <C>          <C>            <C>            <C>         <C>       <C>  <C>          <C>  <C>          <C>             <C>
10058204 10058204WN   HOSKINS JR.    172,500.00     11          1,642.76    75 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10058212 10058212WN   ACOSTA JR      156,600.00      7.75       1,121.90    87 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10058279 10058279WN   NOTHDURFT       51,000.00     11.88         519.89    75 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10058295 10058295WN   JONES           47,600.00     14.38         646.11    70 OWNER        180  WENDOVER     ARMC RETAIL     4/1/98
10058303 10058303WN   FERRER         100,000.00      8.65         779.57  46.5 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10058311 10058311WN   GILL            42,500.00     12.38         449.63  66.4 NON OWNER    360  WENDOVER     ARMC WHOLESALE  4/1/98
10058352 10058352WN   PITCHAL         72,300.00      9.95         631.81    38 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10058360 10058360WN   LARA            31,000.00      9.8          267.48  84.9 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10058386 10058386WN   VELA            52,000.00     10.5          475.66  73.8 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10058402 10058402WN   FERNANDEZ      242,450.00      8.75       1,907.36    65 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10058527 10058527WN   BORNIOS        150,300.00      8.5        1,155.68  88.9 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10058568 10058568WN   HARRELL         26,550.00     11.03         253.44    59 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10058576 10058576WN   PRATT           68,000.00     10.55         624.57    80 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10058592 10058592WN   TURK            63,700.00     12.55         682.32  57.9 OWNER        360  WENDOVER     ARMC WHOLESALE  5/1/98
10058600 10058600WN   NOBRIGA         81,000.00     11.2          783.65    90 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10058634 10058634WN   GLODD           32,500.00     10.56         360.46  54.2 NON OWNER    180  WENDOVER     ARMC WHOLESALE  4/1/98
10058691 10058691WN   CAMPBELL        20,000.00     11.25         230.47  23.8 OWNER        180  WENDOVER     ARMC WHOLESALE  4/1/98
10058766 10058766WN   JENKINS         45,245.00     10.45         412.18  61.2 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10058774 10058774WN   DREW            37,450.00     12.38         396.2     70 NON OWNER    360  WENDOVER     ARMC WHOLESALE  4/1/98
10058782 10058782WN   GOULD           24,050.00     12.46         295.8     65 NON OWNER    180  WENDOVER     ARMC WHOLESALE  4/1/98
10058832 10058832WN   BOLLINGER       21,000.00     11.63         247.06    70 OWNER        180  WENDOVER     ARMC WHOLESALE  4/1/98
10058840 10058840WN   WILSON          26,600.00     11.9          271.57  57.8 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10058865 10058865WN   COTE            63,693.00      9.75         547.22  76.7 NON OWNER    360  WENDOVER     ARMC WHOLESALE  4/1/98
10058915 10058915WN   HOFFMAN         27,000.00     14.75         336.01    60 OWNER        360  WENDOVER     ARMC RETAIL     4/1/98
10058923 10058923WN   LEWIS           26,400.00     12.61         284.01    60 NON OWNER    360  WENDOVER     ARMC WHOLESALE  4/1/98
10058964 10058964WN   TRUE           123,500.00      9.99       1,082.89    65 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10058972 10058972WN   BENNETT         31,850.00     13.68         369.33    65 NON OWNER    360  WENDOVER     ARMC WHOLESALE  4/1/98
10059020 10059020WN   LANYON          49,500.00     11.8          501.56    75 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10059079 10059079WN   BAKER           64,728.19      9.93         564.69  80.9 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10059129 10059129WN   HARRIS          50,000.00     11.78         505.85  46.3 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10059137 10059137WN   TEVES          123,750.00      9.15       1,009.11    75 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10059152 10059152WN   MCDANIEL        23,800.00     13.55         273.54    70 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10059210 10059210WN   TRETTER         40,950.00     11.75         484.9     70 OWNER        180  WENDOVER     ARMC WHOLESALE  4/1/98
10059236 10059236WN   PAGUIRIGAN     382,400.00      8.99       3,074.13    80 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10059251 10059251WN   SOUDER          48,800.00     11.4          479.54    80 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10059277 10059277WN   BURNSIDE       123,250.00      8.99         990.81    85 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10059301 10059301WN   SPEARS          22,500.00     11.2          217.68    75 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10059335 10059335WN   MEYERS          51,120.00      8.63         507.3     71 NON OWNER    180  WENDOVER     ARMC WHOLESALE  4/1/98
10059368 10059368WN   MATTHEWS        19,500.00     12.08         201.78    65 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10059376 10059376WN   EVANS           32,825.00     11.83         390.37    65 OWNER        180  WENDOVER     ARMC WHOLESALE  4/1/98
10059384 10059384WN   PAGUIRIGAN      45,500.00      9.7          389.25    65 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10059392 10059392WN   MEYERS          37,800.00      8.63         375.12    70 NON OWNER    180  WENDOVER     ARMC WHOLESALE  4/1/98
10059459 10059459WN   GATEWOOD       137,360.00      8.99       1,104.24  86.4 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10059517 10059517WN   KNIGHT          56,000.00     11            533.3     80 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10059533 10059533WN   SETTAR          21,000.00     12.16         254.2     60 NON OWNER    180  WENDOVER     ARMC WHOLESALE  4/1/98
10059541 10059541WN   SETTAR          24,600.00     12.16         297.78    60 NON OWNER    180  WENDOVER     ARMC WHOLESALE  4/1/98
10059590 10059590WN   GRAHAM          19,000.00     11.28         219.31  54.3 NON OWNER    180  WENDOVER     ARMC WHOLESALE  4/1/98
10059624 10059624WN   HARRIS          21,125.00     13.51         274.41    65 NON OWNER    180  WENDOVER     ARMC WHOLESALE  4/1/98
10059673 10059673WN   KRAJEWSKI       33,375.47     10.53         369.55  75.8 OWNER        180  WENDOVER     ARMC WHOLESALE  4/1/98
10059681 10059681WN   HARRIS          27,300.00     10.65         252.79    78 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10059699 10059699WN   EIFERT          60,000.00      9.25         493.61    79 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10059731 10059731WN   LANIER         138,750.00     10.4        1,258.84    75 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10059749 10059749WN   BLAYLOCK        31,918.16     11.03         363.38  81.8 OWNER        180  WENDOVER     ARMC WHOLESALE  4/1/98
10059772 10059772WN   JONES           31,253.20     14.26         376.75  66.5 NON OWNER    360  WENDOVER     ARMC WHOLESALE  4/1/98
10059780 10059780WN   JONES           47,766.75     15.41         619.67  71.3 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10059806 10059806WN   HUGHES          50,250.00     12.68         543.33    75 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10059814 10059814WN   INGRAM          25,500.00     17.05         364.58  72.9 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
10059863 10059863WN   PERREIRA       155,000.00      8.99       1,246.05  51.3 OWNER        360  WENDOVER     ARMC WHOLESALE  4/1/98
</TABLE>                                                                 

                                  Page 7 of 25
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>          <C>            <C>                              <C>                 <C>        <C>   <C>               <C>
10059913 10059913WN   ROSS           13807 GLADE HOLLOW               HOUSTON             TX         77014 SFR               3/1/28 
10059947 10059947WN   MCMILLEN       #6 SPACE DRIVE                   TEXARKANA           TX         75501 SFR               3/1/28 
10059962 10059962WN   WHITE          5638 SCHEVERS STREET             HOUSTON             TX         77033 SFR               3/1/28 
10060002 10060002WN   SIMMONS        3494 KINGSWOOD RUN               DECATUR             GA         30034 SFR               3/1/28 
10060028 10060028WN   WOMBLE SR.     205 LAKEVIEW DRIVE               LELAND              MS         38756 SFR               3/1/13 
10060093 10060093WN   SADOY          67-439 KUKEA CIRCLE              WAIALUA             HI         96791 SFR               3/1/28 
10060127 10060127WN   CADENA         146 NOTRE DAME DRI               SAN ANTONIO         TX         78228 SFR               3/1/13 
10060184 10060184WN   WILLIAMS       2262 TIMBER COVE                 GREENVILLE          MS         38701 SFR               3/1/13 
10060192 10060192WN   PENN           618 MULBERRY STREE               CINCINNATI          OH         75215 SFR               3/1/28 
10060226 10060226WN   ASHFORD        3420 -22 WEST BURLEIGH           MILWAUKEE           WI         53210 2-4 UNITS         3/1/28 
10060242 10060242WN   DUGAN          408 CROWN BOULEVARD              MELBOURNE           FL         32901 SFR               3/1/28 
10060259 10060259WN   ROBINSON       2241 NORTH OSWEGO                TULSA               OK         74115 SFR               3/1/28 
10060317 10060317WN   SZLAMAS        7449 CANAL ROAD                  VALLEY VIEW         OH         44125 SFR               3/1/13 
10060416 10060416WN   BURROWS        LOT A HONOMAKAU ROAD             KAPAAU              HI         96755 SFR               3/1/28 
10060481 10060481WN   GRAY JR.       9832 TAMALPAIS DRI               DALLAS              TX         75217 SFR               3/1/28 
10060499 10060499WN   WILLIAMS       4615 ANTIQUE MEADO               FRIENDSWOOD         TX         77546 SFR               3/1/28 
10060531 10060531WN   CHALMERS       2773 SELECT AVENUE               MEMPHIS             TN         38114 SFR               3/1/13 
10060564 10060564WN   BALL           1189 POTOMAC DRIVE               MERRITT ISL         FL         32952 SFR               3/1/28 
10060572 10060572WN   KULCSAR        1808 EAST WEBSTER                MILWAUKEE           WI         53211 2-4 UNITS         3/1/13 
10060580 10060580WN   ESTATINO       LOT 23 KUAAINA ROAD              IWASAKI VLG         HI         96749 SFR               3/1/28 
10060648 10060648WN   GLOVER         1430 EAST 123RD STREET           CLEVELAND           OH         44106 SFR               3/1/28 
10060655 10060655WN   HARRIS         BOX 1374 HWY 83 SOUTH            MONTICELLO          AR         71655 SFR               3/1/28 
10060671 10060671WN   BUTLER         10556 ROYAL FOREST DR            CONROE              TX         77303 SFR               3/1/28 
10060697 10060697WN   ODOM           13803 MILL COVE CIRCLE           TAMPA               FL         33624 CONDO             3/1/28 
10060721 10060721WN   MCGILL         12930 FORRER                     DETROIT             MI         48227 SFR               3/1/13 
10060754 10060754WN   HAMLETT        3218 MAGNOLIA AVEN               LONG BEACH          CA         90806 SFR               3/1/28 
10060796 10060796WN   WYLIE          935 DOWNS STREET S               SALEM               OR         97302 SFR               3/1/28 
10060804 10060804WN   MARTINEZ       716 SOUTH AVENUE 6               LOS ANGELES         CA         90042 SFR               3/1/28 
10060846 10060846WN   SIMMONS        5803 BRUSH ROAD                  PHILADELPHI         PA         19138 SFR               3/1/28 
10060887 10060887WN   MASON JR.      13672 DRAKE ROAD                 STRONGSVILL         OH         44136 SFR               3/1/28 
10060929 10060929WN   COMILLA III    44-717 PUAMOHALA ST              KANEOHE             HI         96744 SFR               3/1/28 
10060937 10060937WN   SCINA          3219 RIVERSIDE AVENUE            CLEVELAND           OH         44109 2-4 UNITS         3/1/28 
10060952 10060952WN   HERRING JR.    1241 NORTH FRANKLIN              PITTSBURGH          PA         15233 SFR               3/1/13 
10060986 10060986WN   PHILLIPS SR    3331 LYNDALE AVENU               BALTIMORE           MD         21213 SFR               3/1/28 
10060994 10060994WN   STEEG          18893 HAGGERTY ROA               SUMPTER             MI         48111 SFR               3/1/28 
10061026 10061026WN   VELA           13799 108TH AVENUE               GRAND HAVEN         MI         49417 SFR               3/1/28 
10061059 10061059WN   FOGARTY        6350 FIRST AVENUE                PORT ARTHUR         TX         77642 SFR               3/1/28 
10061067 10061067WN   ELLIS          176A BRADLEY 18E                 WARREN              AR         71671 SFR               3/1/13 
10061075 10061075WN   ANDERSON       228 SAGE STREET                  DREW                MS         38737 SFR               3/1/28 
10061091 10061091WN   SAUNDERS       1722 SHARON DRIVE                CORINTH             TX         76205 SFR               3/1/28 
10061117 10061117WN   LEFLORE        439 WEST AUER AVEN               MILWAUKEE           WI         53212 SFR               3/1/28 
10061182 10061182WN   RICE           2 GRAN LIN COURT                 SAINT CHARL         MO         63303 SFR               3/1/13 
10061190 10061190WN   PARKER         1401 NORTHEAST 14T               JENSEN BEAC         FL         34957 CONDO             3/1/28 
10061208 10061208WN   SCHWARTZ       6714 WINCHESTER                  KANSAS CITY         MO         64133 SFR               3/1/28 
10061216 10061216WN   BLACK          1501S STATE ST                   INDIANAPOLI         IN         46203 2-4 UNITS         3/1/28 
10061281 10061281WN   BUCHANAN       4713 HUMMINGBIRD STR             HOUSTON             TX         77035 SFR               3/1/13 
10061323 10061323WN   SIRACUSA       2271 ROWLAND AVENUE              SIMI VALLEY         CA         93063 SFR               3/1/28 
10061331 10061331WN   ESTRADA        632 DAVIS AVENUE                 EAU CLAIRE          WI         54703 SFR               3/1/28 
10061349 10061349WN   DUDLEY         34 GREENSBORO ROAD               FRANKLINVIL         NJ         83220 SFR               3/1/28 
10061372 10061372WN   HARRISON       LOT 123 MAUKA NUI                PUNA                HI         96778 SFR               3/1/28 
10061398 10061398WN   HARRISON       5226 EAST OREM                   HOUSTON             TX         77048 SFR               3/1/28 
10061406 10061406WN   WALKER         48A KILUA ROAD                   HILO                HI         96720 SFR               4/1/28 
10061422 10061422WN   HUTCHINSON     LOT #20 KEKOA CAMP               PAPAALOA            HI         96780 SFR               3/1/28 
10061430 10061430WN   BUKOSKI        3135B HAPA ROAD                  KOLOA               HI         96756 SFR               3/1/28 
10061455 10061455WN   CONNER         0465 SOUTH 400 WES               HARTFORD CI         IN         47348 SFR               3/1/28 
10061489 10061489WN   GRIFFIN        2245 WEST LEXINGTON ST           BALTIMORE           MD         21223 SFR               3/1/28 
10061497 10061497WN   SERVOCKY       2734 FOURTH STREET               MONROEVILLE         PA         15146 SFR               3/1/28 
10061554 10061554WN   SHEETS         ROUTE 2 BOX 92                   AMITY               AR         71921 SFR               3/1/28 

<CAPTION>

Servicer                               4/1/98                  Current                                                              
  Loan    AMRESCO        Last        Scheduled     Current       P&I        Occupancy   Original                              Due  
 Number  Loan Number     Name         Balance       Rate       Payment   LTV  Status      Term Servicer       Originator      Date 
- -------- ----------      ----        ---------      ----       -------   ---- ------      ---- --------       ----------      ---- 
<S>      <C>          <C>            <C>            <C>       <C>       <C>  <C>          <C>  <C>          <C>              <C>
10059913 10059913WN   ROSS            29,250.00     12.45       311.04  36.6 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10059947 10059947WN   MCMILLEN        30,000.00     11.28       292.06    75 NON OWNER    360  WENDOVER     ARMC WHOLESALE   4/1/98
10059962 10059962WN   WHITE           31,850.00     11.38       312.49    65 NON OWNER    360  WENDOVER     ARMC WHOLESALE   4/1/98
10060002 10060002WN   SIMMONS         58,710.00     11          559.11  77.3 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10060028 10060028WN   WOMBLE SR.      36,550.00     11.3        422.34    85 OWNER        180  WENDOVER     ARMC WHOLESALE   4/1/98
10060093 10060093WN   SADOY          257,084.00      9        2,068.56  79.8 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10060127 10060127WN   CADENA          23,000.00     11.45       267.95  41.1 OWNER        180  WENDOVER     ARMC WHOLESALE   4/1/98
10060184 10060184WN   WILLIAMS        38,400.00     10.25       418.54    80 OWNER        180  WENDOVER     ARMC WHOLESALE   4/1/98
10060192 10060192WN   PENN            42,000.00      9          337.94    70 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10060226 10060226WN   ASHFORD         32,250.00     11.16       311.03    75 NON OWNER    360  WENDOVER     ARMC WHOLESALE   4/1/98
10060242 10060242WN   DUGAN           39,270.00     12          403.94    77 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10060259 10060259WN   ROBINSON        22,750.00     12.25       238.4   55.5 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10060317 10060317WN   SZLAMAS         69,500.00      8.18       671.42  63.2 OWNER        180  WENDOVER     ARMC WHOLESALE   4/1/98
10060416 10060416WN   BURROWS        340,000.00      8.375    2,584.25    80 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10060481 10060481WN   GRAY JR.        47,600.00     14.55       584.78    70 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10060499 10060499WN   WILLIAMS        85,000.00     11.65       851.49  66.2 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10060531 10060531WN   CHALMERS        41,650.00     11.05       474.7     85 OWNER        180  WENDOVER     ARMC WHOLESALE   4/1/98
10060564 10060564WN   BALL            81,900.00     10.05       721.76    70 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10060572 10060572WN   KULCSAR         40,000.00     11.53       468.04  33.9 OWNER        180  WENDOVER     ARMC WHOLESALE   4/1/98
10060580 10060580WN   ESTATINO        64,000.00      9.05       517.26    80 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10060648 10060648WN   GLOVER          32,208.00     12.38       340.75  71.6 NON OWNER    360  WENDOVER     ARMC WHOLESALE   4/1/98
10060655 10060655WN   HARRIS          30,000.00     10.35       271.06  45.5 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10060671 10060671WN   BUTLER          40,300.00     11.08       386.22    65 NON OWNER    360  WENDOVER     ARMC WHOLESALE   4/1/98
10060697 10060697WN   ODOM            85,500.00     11.55       849.96  79.9 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10060721 10060721WN   MCGILL          36,000.00     11.55       421.69    80 OWNER        180  WENDOVER     ARMC WHOLESALE   4/1/98
10060754 10060754WN   HAMLETT        104,250.00     11          992.8     75 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10060796 10060796WN   WYLIE          125,500.00      8          920.87  60.3 OWNER        360  WENDOVER     ARMC RETAIL      4/1/98
10060804 10060804WN   MARTINEZ        91,000.00      9.05       735.48  58.7 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10060846 10060846WN   SIMMONS         31,160.00     11.43       306.91    82 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10060887 10060887WN   MASON JR.       71,600.00      9.43       598.4   45.6 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10060929 10060929WN   COMILLA III    187,000.00      9.8      1,613.49    85 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10060937 10060937WN   SCINA           44,100.00     10.75       411.67  68.9 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10060952 10060952WN   HERRING JR.     98,862.20      9.43     1,028.17    86 OWNER        180  WENDOVER     ARMC WHOLESALE   4/1/98
10060986 10060986WN   PHILLIPS SR     32,500.00     11.33       317.64    65 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10060994 10060994WN   STEEG           48,000.00     10.2        428.35    60 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10061026 10061026WN   VELA           121,800.00     11.15     1,173.76    58 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10061059 10061059WN   FOGARTY         37,800.00     12.05       390.27    90 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10061067 10061067WN   ELLIS           24,050.00     12.8        301.13    65 OWNER        180  WENDOVER     ARMC WHOLESALE   4/1/98
10061075 10061075WN   ANDERSON        22,400.00     12.3        235.59    80 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10061091 10061091WN   SAUNDERS        54,470.00     12.83       595.32    65 NON OWNER    360  WENDOVER     ARMC WHOLESALE   4/1/98
10061117 10061117WN   LEFLORE         24,540.00     10.28       220.45  81.8 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10061182 10061182WN   RICE            70,550.00      9.3        728.21    85 OWNER        180  WENDOVER     ARMC RETAIL      4/1/98
10061190 10061190WN   PARKER          40,040.00      8.25       300.81    77 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10061208 10061208WN   SCHWARTZ        56,100.00     13.95       662.49  80.7 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10061216 10061216WN   BLACK           40,300.00     10.38       365.03    65 NON OWNER    360  WENDOVER     ARMC WHOLESALE   4/1/98
10061281 10061281WN   BUCHANAN        48,000.00      7.25       438.17 50.79 OWNER        180  WENDOVER     AMRESCO          4/1/98
10061323 10061323WN   SIRACUSA       180,000.00      8.9      1,435.39    80 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10061331 10061331WN   ESTRADA         40,000.00      9.81       345.43  58.8 OWNER        360  WENDOVER     ARMC RETAIL      4/1/98
10061349 10061349WN   DUDLEY          63,000.00     11.08       603.78    70 OWNER        360  WENDOVER     ARMC RETAIL      4/1/98
10061372 10061372WN   HARRISON        70,000.00      8          513.64 78.41 OWNER        360  WENDOVER     AMRESCO          4/1/98
10061398 10061398WN   HARRISON        25,000.00     12.45       265.84  42.4 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10061406 10061406WN   WALKER          60,000.00     10.4        544.36    60 OWNER        360  WENDOVER     ARMC WHOLESALE   5/1/98
10061422 10061422WN   HUTCHINSON      56,250.00      7.99       412.35    75 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10061430 10061430WN   BUKOSKI        191,250.00      8.99     1,537.46    75 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10061455 10061455WN   CONNER          43,201.00      9.38       359.48  66.5 NON OWNER    360  WENDOVER     ARMC WHOLESALE   4/1/98
10061489 10061489WN   GRIFFIN         37,500.00     11.26       364.51    75 NON OWNER    360  WENDOVER     ARMC WHOLESALE   4/1/98
10061497 10061497WN   SERVOCKY        71,340.00      8.88       567.87    82 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
10061554 10061554WN   SHEETS          71,500.00     13.05       793.73    65 OWNER        360  WENDOVER     ARMC WHOLESALE   4/1/98
</TABLE>                                                                

                                  Page 8 of 25

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>          <C>            <C>                              <C>                 <C>        <C>   <C>               <C>
10061570 10061570WN   KWON           544 POIPU DRIVE                  HONOLULU            HI         96825 SFR               3/1/28 
10061588 10061588WN   PLANESI        2029 WEST LELEHUNA               HAIKU               HI         96708 SFR               3/1/28 
10061596 10061596WN   CLOUD          69 VEENSTRA STREET               HOUSTON             TX         77022 SFR               3/1/28 
10061612 10061612WN   ROBERTS        1353 LEROY                       ST. LOUIS           MO         63133 SFR               3/1/13 
10061646 10061646WN   ABRIL          2256 TULIP AVENUE                BENSALEM            PA         19020 SFR               3/1/28 
10061661 10061661WN   BOND           747 92ND AVE. NORT               NAPLES              FL         34108 SFR               3/1/13 
10061679 10061679WN   PORRAS         3341 SOUTHWEST 22N               OKLAHOMA CI         OK         73108 SFR               3/1/28 
10061711 10061711WN   HILTZ          275 GLENN EDEN ROA               ROCHESTER           PA         15074 SFR               3/1/28 
10061737 10061737WN   HOLLIS         1448 HARRISON STRE               CLAREMONT           NC         28610 SFR               3/1/13 
10061745 10061745WN   KINNEAR        2659 LEHMAN STREET               BALTIMORE           MD         21223 SFR               3/1/28 
10061752 10061752WN   KINNEAR        1609 OLIVE STREET                BALTIMORE           MD         21230 SFR               3/1/28 
10061836 10061836WN   HUNT-COOPWOO   20717 TIREMAN STRE               DETROIT             MI         48228 SFR               3/1/28 
10061851 10061851WN   BUCHANAN       AVENUE A                         STROUDSBURG         PA         18360 SFR               3/1/28 
10061877 10061877WN   SAVAGE         156 BEARD HILL                   MONTICELLO          AR         71655 SFR               3/1/13 
10061893 10061893WN   BROWN JR       1128 NEWMAN DRIVE                FLORENCE            SC         29501 SFR               3/1/13 
10061901 10061901WN   KINNEAR        514 SOUTH PAYSON ST              BALTIMORE           MD         21223 2-4 UNITS         3/1/28 
10061927 10061927WN   MURRAY         2706 EAST 10TH                   PINE BLUFF          AR         71601 SFR               3/1/28 
10061976 10061976WN   MURRAY         1300 WEST 35TH STREET            PINE BLUFF          AR         71603 SFR               3/1/28 
10061992 10061992WN   GARCIA         5517 MACKINAW STRE               HOUSTON             TX         77053 SFR               3/1/28 
10062008 10062008WN   WATANABE       1909 ALA WAI BOUL                HONOLULU            HI         96815 CONDO             3/1/28 
10062016 10062016WN   MCMULLEN       5051 THRUSH DRIVE                INDIANAPOLI         IN         46224 SFR               3/1/28 
10062024 10062024WN   FIELDS         1009 NORTH AVENUE                PITTSBURGH          PA         15221 SFR               3/1/13 
10062065 10062065WN   JACKSON        3072 SUNNYVALE STR               DALLAS              TX         75216 SFR               3/1/28 
10062107 10062107WN   FRIDIA         7306 ARBORCREST DR               DALLAS              TX         75232 SFR               3/1/28 
10062172 10062172WN   DE LA GARZA    505 BEVERLY                      LAREDO              TX         78045 SFR               3/1/28 
10062180 10062180WN   AMOS           1808 BAKER STREET                BALTIMORE           MD         21217 SFR               3/1/28 
10062198 10062198WN   MORRIS         3030 DULCREST STRE               HOUSTON             TX         77051 SFR               3/1/28 
10062222 10062222WN   FOSTER         210 AUSTIN AVENUE                WILKES BARR         PA         18705 SFR               3/1/28 
10062263 10062263WN   CONCEPCION     917 NIHEU PLACE                  LAHAINA             HI         96761 SFR               4/1/13 
10062289 10062289WN   RODRIGUEZ      6982 PORTLAND RD NE              SALEM               OR         97305 SFR               3/1/28 
10062305 10062305WN   RICHEY         533 NORDEEN STREET               WEST MIFFLI         PA         15122 SFR               3/1/13 
10062339 10062339WN   DOWELL         7524 BRIAR ROSE                  HOUSTON             TX         77063 SFR               3/1/28 
10062347 10062347WN   WOODS          8138 HERSCHELWOOD                HOUSTON             TX         77033 SFR               3/1/28 
10062370 10062370WN   FERGUSON       1022 NORT APPLETON               BALTIMORE           MD         21217 SFR               3/1/28 
10062412 10062412WN   BARRASSO       5865 SWALLOW DRIVE               LAKELAND            FL         33809 SFR               3/1/28 
10062446 10062446WN   MARQUES        11930SW179TH TERR                MIAMI               FL         33177 SFR               3/1/28 
10062453 10062453WN   MORTON         6803 SOUTH LANGLEY               CHICAGO             IL         60637 2-4 UNITS         3/1/13 
10062479 10062479WN   POLLACK        10000 CANTRELL ROA               LITTLE ROCK         AR         72227 SFR               3/1/28 
10062503 10062503WN   TAYLOR         1200 CHESTNUT STRE               PINE BLUFF          AR         71601 SFR               3/1/13 
10062511 10062511WN   WHITE          3235 GAYLORD AVENU               PITTSBURGH          PA         15216 SFR               3/1/28 
10062586 10062586WN   WALKER         1828 WEST 38TH ST.               LOS ANGELES         CA         90062 SFR               3/1/28 
10062602 10062602WN   BURDINE        2050 CEDAR HILL RO               KEITHVILLE          LA         71047 SFR               3/1/28 
10062644 10062644WN   THOMAS         465 EAST ORANGE AV               EL CENTRO           CA         92243 SFR               3/1/28 
10062669 10062669WN   FLATT          3900 ASPEN DRIVE                 MONTGOMERY          TX         77356 CONDO             3/1/28 
10062677 10062677WN   MAYO           1403 BLALOCK DRIVE               HOUSTON             TX         77055 SFR               3/1/28 
10062693 10062693WN   DUNN           850 LANG                         ASHDOWN             AR         71833 SFR               3/1/28 
10062727 10062727WN   BLACKERBY      1613 ROXELLA ROAD                HOUSTON             TX         77093 SFR               3/1/28 
10062750 10062750WN   TOBOLA         2128 ITHICA AVENUE               MCALLEN             TX         78501 SFR               3/1/28 
10062784 10062784WN   WRIGHT         1446 N. CENTRAL                  INDIANAPOLI         IN         46202 SFR               3/1/28 
10062800 10062800WN   HEWITT         3511 CECIL ST.                   NEW ORLEANS         LA         70118 SFR               3/1/28 
10062818 10062818WN   FREEDLINE      78 MAWNEY STREET                 WARWICK             RI         28890 SFR               4/1/13 
10062834 10062834WN   ENNIS          160 GORHAM AVENUE                WARWICK             RI         28864 SFR               3/1/28 
10062875 10062875WN   HICKS          2204 PRESBURY STRE               BALTIMORE           MD         21216 SFR               3/1/28 
10062909 10062909WN   CATO           128 EAST CENTURY BOU             LOS ANGELES         CA         90003 SFR               3/1/28 
10062933 10062933WN   ARDOIN         12918 CLAYGATE DRI               HOUSTON             TX         77047 SFR               3/1/13 
10062941 10062941WN   LORAINE        2618 BETSY WAY                   RANCHO CORD         CA         95670 SFR               3/1/28 
10062958 10062958WN   HUTCHENS       1037 HIGHWAY 30 EA               BOONEVILLE          MS         38829 SFR               3/1/28 
10062974 10062974WN   WILSON         6108 44TH AVENUE                 RIVERDALE           MD         20737 SFR               3/1/28 

<CAPTION>

Servicer                                4/1/98                  Current                                         
  Loan    AMRESCO        Last         Scheduled     Current       P&I        Occupancy   Original                             Due  
 Number  Loan Number     Name          Balance       Rate       Payment   LTV  Status      Term Servicer      Originator      Date 
- -------- ----------      ----         ---------      ----       -------   ---- ------      ---- --------      ----------      ---- 
<S>      <C>          <C>             <C>            <C>       <C>      <C>   <C>          <C>  <C>         <C>              <C>
10061570 10061570WN   KWON            430,000.00      7.25     2,933.36  77.1 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10061588 10061588WN   PLANESI         131,750.00      7.8        948.43    85 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10061596 10061596WN   CLOUD            34,100.00     11.51       337.95    55 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98 
10061612 10061612WN   ROBERTS          26,250.00     11.55       307.48    75 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98 
10061646 10061646WN   ABRIL            49,500.00     13.46       565.42    55 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98 
10061661 10061661WN   BOND             77,250.00      7.25       705.19    75 OWNER        180  WENDOVER    ARMC RETAIL      4/1/98 
10061679 10061679WN   PORRAS           21,775.00     11.4        213.98    65 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10061711 10061711WN   HILTZ            81,741.09     10.78       764.88  81.7 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10061737 10061737WN   HOLLIS           35,120.00     11.93       419.92    80 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98 
10061745 10061745WN   KINNEAR          22,750.00     11.19       219.93    65 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98 
10061752 10061752WN   KINNEAR          26,000.00     11.19       251.34    65 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98 
10061836 10061836WN   HUNT-COOPWOO     39,550.00     14.55       485.89    70 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10061851 10061851WN   BUCHANAN         74,750.00     10.51       684.33    65 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98 
10061877 10061877WN   SAVAGE           40,800.00     11.05       465.01    80 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98 
10061893 10061893WN   BROWN JR         35,350.00     11.16       405.35    70 NON OWNER    180  WENDOVER    ARMC WHOLESALE   4/1/98 
10061901 10061901WN   KINNEAR          22,750.00     11.19       219.93    65 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98 
10061927 10061927WN   MURRAY           31,500.00     11.03       300.7     70 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98 
10061976 10061976WN   MURRAY           73,200.00     11.05       699.87    80 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10061992 10061992WN   GARCIA           36,000.00     10.83       338.22    80 OWNER        360  WENDOVER    ARMC RETAIL      4/1/98 
10062008 10062008WN   WATANABE        222,000.00      7.5      1,552.26  70.5 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062016 10062016WN   MCMULLEN         49,080.00      8.75       386.11  81.8 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062024 10062024WN   FIELDS           28,700.00     10.53       317.78    70 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98 
10062065 10062065WN   JACKSON          28,600.00     13.63       330.52    65 OWNER        360  WENDOVER    ARMC RETAIL      4/1/98 
10062107 10062107WN   FRIDIA           33,250.00     14.13       397.39    70 OWNER        360  WENDOVER    ARMC RETAIL      4/1/98 
10062172 10062172WN   DE LA GARZA      97,000.00     11.8        982.85    75 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062180 10062180WN   AMOS             24,000.00     13.18       268.87    80 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062198 10062198WN   MORRIS           31,500.00     11.55       313.14    90 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062222 10062222WN   FOSTER           56,573.00      9.53       476.94  71.6 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062263 10062263WN   CONCEPCION      187,000.00      6.25     1,603.38 58.44 OWNER        180  WENDOVER    AMRESCO          5/1/98 
10062289 10062289WN   RODRIGUEZ        60,600.00      9.9        527.34  75.8 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062305 10062305WN   RICHEY           53,900.00     10.63       600.16    70 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98 
10062339 10062339WN   DOWELL          196,000.00     11.33     1,915.59    80 OWNER        360  WENDOVER    ARMC RETAIL      4/1/98 
10062347 10062347WN   WOODS            33,150.00     11.3        323.23    85 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062370 10062370WN   FERGUSON         24,700.00     12.46       262.85    65 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062412 10062412WN   BARRASSO         78,800.00     11.5        780.35    80 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062446 10062446WN   MARQUES          60,000.00      9.9        522.11  56.6 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062453 10062453WN   MORTON           34,664.00     10.91       392.03  43.3 NON OWNER    180  WENDOVER    ARMC WHOLESALE   4/1/98 
10062479 10062479WN   POLLACK         315,000.00      9.65     2,683.23    75 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062503 10062503WN   TAYLOR           19,250.00     11.13       220.37    70 NON OWNER    180  WENDOVER    ARMC WHOLESALE   4/1/98 
10062511 10062511WN   WHITE            69,565.22      9.88       604.32  81.8 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062586 10062586WN   WALKER           40,143.60     11.05       383.81  43.2 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062602 10062602WN   BURDINE          50,700.00     12.55       543.07    65 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062644 10062644WN   THOMAS           41,600.00      7.25       283.79    57 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062669 10062669WN   FLATT            24,000.00     11.3        234.01    80 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062677 10062677WN   MAYO             29,250.00     11.4        287.43    65 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062693 10062693WN   DUNN             24,000.00     12.3        252.42    80 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062727 10062727WN   BLACKERBY        23,538.49     11.7        241.84    65 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062750 10062750WN   TOBOLA           73,663.11     10.25       672.08  72.1 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062784 10062784WN   WRIGHT          105,300.00      8.95       843.48    65 OWNER        360  WENDOVER    ARMC RETAIL      4/1/98 
10062800 10062800WN   HEWITT          104,125.00      9.55       879.34    85 OWNER        360  WENDOVER    ARMC RETAIL      4/1/98 
10062818 10062818WN   FREEDLINE        20,000.00      9.63       210.42  28.6 OWNER        180  WENDOVER    ARMC WHOLESALE   5/1/98 
10062834 10062834WN   ENNIS            35,000.00     11.18       338.08  36.1 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062875 10062875WN   HICKS            35,250.00     12.48       375.66    75 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062909 10062909WN   CATO             79,500.00     10.75       742.12    75 OWNER        360  WENDOVER    AMRESCO          4/1/98 
10062933 10062933WN   ARDOIN           30,000.00     10.78       336.85  62.5 OWNER        180  WENDOVER    ARMC RETAIL      4/1/98 
10062941 10062941WN   LORAINE          81,841.43      8.3        617.73  81.8 OWNER        360  WENDOVER    ARMC RETAIL      4/1/98 
10062958 10062958WN   HUTCHENS         48,750.00     10.95       462.42    65 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10062974 10062974WN   WILSON           82,800.00     11.91       845.96    60 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98 
                                                                         
</TABLE>

                                  Page 9 of 25
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>          <C>            <C>                              <C>                 <C>        <C>   <C>               <C>
10062982 10062982WN   THURMAN        120 WEST 33RD STRE               INDIANAPOLI         IN         46208 SFR               3/1/28 
10063022 10063022WN   ANDERSON       4911 CARRINGTON CO               PEARLAND            TX         77584 SFR               3/1/13 
10063048 10063048WN   GEIER          1715 KINNEY AVENUE               CINCINNATI          OH         45213 SFR               3/1/28 
10063055 10063055WN   MCCULLOUGH     1419 EAST 15TH PLACE             FORD HEIGHT         IL         60411 SFR               3/1/28 
10063113 10063113WN   KNOLLS         931 MCCLURE ROAD                 MEMPHIS             TN         38116 SFR               3/1/28 
10063147 10063147WN   GARRISON       1830 CORETTA COURT               DAYTON              OH         45408 SFR               3/1/28 
10063162 10063162WN   CROWDER        21 MOTT STREET                   LAWNSIDE            NJ         80450 SFR               4/1/28 
10063196 10063196WN   WOODSON II     2109 PARTRIDGE PLACE             SUFFOLK             VA         23433 SFR               3/1/28 
10063238 10063238WN   WEBB           709 RAILROAD STREE               JEANNETTE           PA         15644 SFR               3/1/28 
10063279 10063279WN   BELL           5618 DEEPDALE WAY                ELK GROVE           CA         95758 SFR               4/1/13 
10063345 10063345WN   JACKSON        1805 PALM STREET                 HOUSTON             TX         77004 2-4 UNITS         3/1/28 
10063360 10063360WN   MILLESON       N2311 FROMMADER RO               FORT ATKINS         WI         53538 SFR               4/1/28 
10063386 10063386WN   WALKER         414 NABHOLTZ ROAD                HENSLEY             AR         72065 SFR               3/1/13 
10063410 10063410WN   RODGERS        3614 RAMILL ROAD                 MEMPHIS             TN         38128 SFR               3/1/13 
10063477 10063477WN   MELEGRITO      1723 KAMOHOALII ST               HONOLULU            HI         96819 SFR               3/1/28 
10063634 10063634WN   CROCKER        5050 CHERRY BARK COV             MEMPHIS             TN         38141 SFR               4/1/28 
10063725 10063725WN   GARNER SR      HC #1 BOX 1                      CALVIN              PA         16622 SFR               4/1/28 
10063758 10063758WN   WARD           1211 WEST SOUTH ST               BENTON              AR         72015 SFR               4/1/28 
10063766 10063766WN   GOMEZ          94-382 KAHOLO STREET             MILILANI            HI         96789 SFR               3/1/28 
10063782 10063782WN   CHUKWURAH      12351 ABRAMS ROAD                DALLAS              TX         75243 CONDO             3/1/28 
10063790 10063790WN   COSENTINO      4801 HANCOCK ROAD                FT. LAUDERD         FL         33330 SFR               3/1/28 
10063840 10063840WN   CHUKWURAH      12375 ABRAMS RD #731             DALLAS              TX         75243 CONDO             3/1/28 
10063923 10063923WN   GIBSON         1316 WEST SCHOOL STR             COMPTON             CA         90220 SFR               4/1/28 
10064046 10064046WN   WITHROW        500 CONES ROAD                   HOT SPRINGS         AR         71901 SFR               4/1/28 
10064061 10064061WN   SAMBOL         6100 TUSCARAWAS RO               INDUSTRY            PA         15052 SFR               4/1/28 
10064103 10064103WN   JONES          512 WEST 3RD STREE               BICKNELL            IN         47512 SFR               4/1/13 
10064111 10064111WN   BECK           227 AMEDA DRIVE                  JACOBS              PA         17407 SFR               4/1/28 
10064129 10064129WN   SCHAFFER       204 SUNVIEW DRIVE                VERONA              PA         15147 SFR               4/1/28 
10064152 10064152WN   GALLO          2011 DUSS AVENUE                 AMBRIDGE            PA         15003 SFR               4/1/13 
10064202 10064202WN   DOMIO          3131 TIDEWATER DRI               HOUSTON             TX         77045 SFR               3/1/28 
10064293 10064293WN   SIKES          402 WEST MELVINA S               MILWAUKEE           WI         53212 2-4 UNITS         4/1/28 
10064301 10064301WN   BELL           2549-51 NORTH 33RD S             MILWAUKEE           WI         53210 2-4 UNITS         3/1/28 
10064335 10064335WN   PEGG           64-5268 PUU NANEA ST             KAMUELA             HI         96743 SFR               4/1/28 
10064343 10064343WN   HAMPTON        1825 4TH STREET                  BEDFORD             IN         47421 SFR               4/1/13 
10064467 10064467WN   PRICE          631 EAST 37TH STREET             LOS ANGELES         CA         90011 SFR               4/1/28 
10064517 10064517WN   QUINTERO       4826 CASA ESPANA S               SAN ANTONIO         TX         78233 SFR               4/1/13 
10064558 10064558WN   BELL           7104 RACE STREET                 PITTSBURGH          PA         15208 SFR               3/1/13 
10064566 10064566WN   VAN KUREN      55 PORTER AVENUE                 NAUGATUCK           CT         67700 CONDO             4/1/28 
10064624 10064624WN   DUBOSE         15730 MURRAY HILL ST             DETROIT             MI         48227 SFR               3/1/28 
10064640 10064640WN   FEAR           8331 FONTAINBLEAU WA             CYPRESS             CA         90630 SFR               4/1/13 
10064657 10064657WN   VARRASSO       6939 GREENWOOD STR               PITTSBURGH          PA         15206 SFR               4/1/28 
10064665 10064665WN   VARRASSO       133 EAST 9TH AVENU               HOMESTEAD           PA         15120 SFR               3/1/28 
10064673 10064673WN   VARRASSO       820 RAVINE STREET                MUNHALL             PA         15120 SFR               3/1/28 
10064715 10064715WN   POLACHARTI     12577 VALENCIA STREE             CERRITOS            CA         90703 SFR               4/1/13 
10064723 10064723WN   NEWSOME SR.    4636 25TH AVENUE S               ST. PETERSB         FL         33711 SFR               4/1/28 
10064780 10064780WN   BOSLEY         4800- 4802 SCHOOL ST             NORTH LITTL         AR         72117 2-4 UNITS         4/1/28 
10064798 10064798WN   SAGRYN         4186 EAST SHORE DRI              STANTON             MI         48888 MANUF'D HM        4/1/13 
10064897 10064897WN   HUEBNER        601 REINICKE STREET              HOUSTON             TX         77007 SFR               3/1/13 
10065001 10065001WN   BURR           16 HICKORY LANE                  IVORYTON            CT         64420 SFR               4/1/28 
10065035 10065035WN   DAVISON        13025 GREEN VALLEY               BALCH SPRIN         TX         75180 SFR               3/1/28 
10065043 10065043WN   OZIC           1676 CHURCH POINT LA             VIRGINIA BEACH      VA         23455 SFR               4/1/13 
10065050 10065050WN   SMITH          805 ATLANTIC AVENUE              OPA LOCKA           FL         33054 SFR               4/1/28 
10065217 10065217WN   LEWIS          1638 GLENMOUNT ROAD              CLEVELAND HEIGHTS   OH         44118 2-4 UNITS         4/1/28 
10065225 10065225WN   CRICK          4140 WORKMAN MILL                WHITTIER            CA         92601 CONDO             3/1/28 
10065233 10065233WN   CRICK          4140 WORKMAN ROAD                WHITTIER            CA         92601 SFR               3/1/28 
10065258 10065258WN   BARALT         5445 COLLINS AVENUE              MIAMI BEACH         FL         33140 CONDO             4/1/28 
10065290 10065290WN   FOSTER         319 THIRD STREET                 STURGIS             KY         42459 SFR               4/1/13 
10065332 10065332WN   PERKINS        1933-35 GOODLETT S               MEMPHIS             TN         38111 2-4 UNITS         3/1/28 

<CAPTION>

Servicer                                4/1/98                  Current                                                       
  Loan    AMRESCO        Last         Scheduled     Current       P&I        Occupancy   Original                             Due  
 Number  Loan Number     Name          Balance       Rate       Payment   LTV  Status      Term Servicer      Originator      Date 
- -------- ----------      ----         ---------      ----       -------   ---- ------      ---- --------      ----------      ---- 
<S>      <C>          <C>             <C>            <C>       <C>      <C>   <C>          <C>  <C>         <C>              <C>
10062982 10062982WN   THURMAN          33,750.00     10.5        308.72    75 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10063022 10063022WN   ANDERSON         38,000.00     10.16       412.08    33 OWNER        180  WENDOVER    ARMC RETAIL      4/1/98 
10063048 10063048WN   GEIER            66,000.00     10.8        618.58    75 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10063055 10063055WN   MCCULLOUGH       24,000.00     13.43       273.58    60 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10063113 10063113WN   KNOLLS           56,250.00     12          578.59    75 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10063147 10063147WN   GARRISON         41,250.00     11          392.83  73.7 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10063162 10063162WN   CROWDER          50,000.00     11.48       494.38  69.9 OWNER        360  WENDOVER    ARMC WHOLESALE   5/1/98 
10063196 10063196WN   WOODSON II      133,250.00     11.73     1,343.00    65 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10063238 10063238WN   WEBB             35,200.00     12.38       372.4     80 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10063279 10063279WN   BELL             45,000.00      9.65       473.98  33.3 OWNER        180  WENDOVER    ARMC WHOLESALE   5/1/98 
10063345 10063345WN   JACKSON         106,837.00     11.28     1,040.10    75 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98 
10063360 10063360WN   MILLESON         75,850.00     13.43       864.62  60.7 OWNER        360  WENDOVER    ARMC WHOLESALE   5/1/98 
10063386 10063386WN   WALKER           35,250.00     10          378.8   61.8 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98 
10063410 10063410WN   RODGERS          59,500.00     10.05       641.21    85 OWNER        180  WENDOVER    ARMC WHOLESALE   4/1/98 
10063477 10063477WN   MELEGRITO       292,000.00      9.4      2,434.02    80 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10063634 10063634WN   CROCKER          69,750.00     12          717.46    75 OWNER        360  WENDOVER    ARMC WHOLESALE   5/1/98 
10063725 10063725WN   GARNER SR        41,600.00     11.33       406.57    65 OWNER        360  WENDOVER    ARMC WHOLESALE   5/1/98 
10063758 10063758WN   WARD             38,400.00     10.55       352.7     80 OWNER        360  WENDOVER    ARMC WHOLESALE   5/1/98 
10063766 10063766WN   GOMEZ           274,400.00      8.35     2,080.80    80 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10063782 10063782WN   CHUKWURAH        25,670.00     11.38       251.86    65 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98 
10063790 10063790WN   COSENTINO       272,000.00      9.5      2,287.12    80 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10063840 10063840WN   CHUKWURAH        20,800.00     11.38       204.08    65 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98 
10063923 10063923WN   GIBSON           50,000.00      9.75       429.58 42.37 OWNER        360  WENDOVER    AMRESCO          5/1/98 
10064046 10064046WN   WITHROW          26,250.00     11          249.98  79.6 OWNER        360  WENDOVER    ARMC WHOLESALE   5/1/98 
10064061 10064061WN   SAMBOL          167,775.00      7.53     1,176.56  81.8 OWNER        360  WENDOVER    ARMC WHOLESALE   5/1/98 
10064103 10064103WN   JONES            41,718.00     10.25       454.71  81.8 OWNER        180  WENDOVER    ARMC WHOLESALE   5/1/98 
10064111 10064111WN   BECK             25,000.00     10.78       233.93 27.03 OWNER        360  WENDOVER    AMRESCO          5/1/98 
10064129 10064129WN   SCHAFFER         72,020.46     10.68       668.51 81.84 OWNER        360  WENDOVER    AMRESCO          5/1/98 
10064152 10064152WN   GALLO            22,000.00     10.06       237.22  45.8 OWNER        180  WENDOVER    ARMC WHOLESALE   5/1/98 
10064202 10064202WN   DOMIO            39,375.00     11.8        398.96    75 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10064293 10064293WN   SIKES            30,633.00     15.43       397.89  71.2 OWNER        360  WENDOVER    ARMC WHOLESALE   5/1/98 
10064301 10064301WN   BELL             23,400.00     13.56       269.13    65 NON OWNER    360  WENDOVER    AMRESCO          4/1/98 
10064335 10064335WN   PEGG            256,000.00      9.2      2,096.78    80 OWNER        360  WENDOVER    AMRESCO          5/1/98 
10064343 10064343WN   HAMPTON          19,500.00      8.3        189.75    50 OWNER        180  WENDOVER    AMRESCO          5/1/98 
10064467 10064467WN   PRICE           109,973.00      7.95       803.12 75.84 OWNER        360  WENDOVER    AMRESCO          5/1/98 
10064517 10064517WN   QUINTERO         38,000.00     10.15       411.84  65.5 OWNER        180  WENDOVER    ARMC WHOLESALE   5/1/98 
10064558 10064558WN   BELL             25,200.00     11.36       292.14    70 NON OWNER    180  WENDOVER    ARMC WHOLESALE   4/1/98 
10064566 10064566WN   VAN KUREN        42,415.00     10.55       389.57    85 OWNER        360  WENDOVER    ARMC WHOLESALE   5/1/98 
10064624 10064624WN   DUBOSE           36,400.00     13.18       407.78    65 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98 
10064640 10064640WN   FEAR             27,346.00     11.25       315.12 15.45 OWNER        180  WENDOVER    AMRESCO          5/1/98 
10064657 10064657WN   VARRASSO         51,561.00      8.03       379.41  81.8 OWNER        360  WENDOVER    ARMC WHOLESALE   5/1/98 
10064665 10064665WN   VARRASSO         48,337.60      9.46       405.04  76.7 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98 
10064673 10064673WN   VARRASSO         42,199.49      9.46       353.61 76.73 NON OWNER    360  WENDOVER    AMRESCO          4/1/98 
10064715 10064715WN   POLACHARTI       69,000.00     11.75       817.05 21.56 OWNER        180  WENDOVER    AMRESCO          5/1/98 
10064723 10064723WN   NEWSOME SR.      49,080.00     11.3        478.56  81.8 OWNER        360  WENDOVER    ARMC WHOLESALE   5/1/98 
10064780 10064780WN   BOSLEY           31,200.00     13.68       361.79    65 NON OWNER    360  WENDOVER    ARMC WHOLESALE   5/1/98 
10064798 10064798WN   SAGRYN           23,650.00      9.3        244.11    55 OWNER        180  WENDOVER    AMRESCO          5/1/98 
10064897 10064897WN   HUEBNER          36,750.00      9.13       375.59    75 NON OWNER    180  WENDOVER    AMRESCO          4/1/98 
10065001 10065001WN   BURR            100,500.00     10.8        941.93    75 OWNER        360  WENDOVER    ARMC WHOLESALE   5/1/98 
10065035 10065035WN   DAVISON          51,730.00     14.75       643.77  70.4 OWNER        360  WENDOVER    ARMC WHOLESALE   4/1/98 
10065043 10065043WN   OZIC            295,000.00      7.95     2,810.67 56.73 OWNER        180  WENDOVER    AMRESCO          5/1/98 
10065050 10065050WN   SMITH            43,400.00     12.55       464.87 61.13 OWNER        360  WENDOVER    AMRESCO          5/1/98 
10065217 10065217WN   LEWIS            75,000.00     11          714.24    75 OWNER        360  WENDOVER    AMRESCO          5/1/98 
10065225 10065225WN   CRICK            65,826.00      8.5        506.14  82.8 NON OWNER    360  WENDOVER    ARMC RETAIL      4/1/98 
10065233 10065233WN   CRICK            65,826.00      8.5        506.14  82.8 NON OWNER    360  WENDOVER    ARMC RETAIL      4/1/98 
10065258 10065258WN   BARALT           32,500.00     11.81       329.55 59.09 SECOND HOME  360  WENDOVER    AMRESCO          5/1/98 
10065290 10065290WN   FOSTER           25,200.00     10.3        275.44    80 OWNER        180  WENDOVER    AMRESCO          5/1/98 
10065332 10065332WN   PERKINS         102,400.00      9.78       882.03    80 NON OWNER    360  WENDOVER    ARMC WHOLESALE   4/1/98 
</TABLE>                                                                 

                                 Page 10 of 25
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>          <C>            <C>                              <C>                 <C>        <C>   <C>               <C>
10065365 10065365WN   PERKINS        1937-39 SOUTH GOOD               MEMPHIS             TN         38111 2-4 UNITS         3/1/28 
10065373 10065373WN   PERKINS        1901-03 EZELL                    MEMPHIS             TN         38111 2-4 UNITS         3/1/28 
10065381 10065381WN   PERKINS        1929-31 GOODLETT                 MEMPHIS             TN         38111 2-4 UNITS         3/1/28 
10065407 10065407WN   PERKINS        1941-43 GOODLETT                 MEMPHIS             TN         38111 2-4 UNITS         3/1/28 
10065423 10065423WN   SAENZ          3511 BURLINGDDELL AV             DALLAS              TX         75211 SFR               4/1/13 
10065456 10065456WN   EMBURY         57 CLIFF STREET                  BATTLE CREEK        MI         49017 2-4 UNITS         3/1/13 
10065464 10065464WN   EMBURY         55 CLIFF STREET                  BATTLE CREEK        MI         49017 2-4 UNITS         3/1/13 
10065506 10065506WN   SMITH          5464 SUMMIT DRIVE                HICKORY GROVE       SC         29717 SFR               4/1/13 
10065548 10065548WN   SPAULDING      6724 MERWIN AVENUE               CINCINNATI          OH         45227 SFR               4/1/13 
10065571 10065571WN   YULO           463-R WHALLEY AVENUE             NEW HAVEN           CT          6511 CONDO             4/1/28 
10065597 10065597WN   LABOUNTY       609 NORTH JEFFERSON              SAN ANGELO          TX         76901 SFR               4/1/28 
10065613 10065613WN   RELLS          14544 OLIVE VISTA DR             JAMUL               CA         91935 SFR               4/1/28 
10065621 10065621WN   APANA          2090 KOLO PLACE                  WAILUKU             HI         96793 SFR               4/1/28 
10065647 10065647WN   NIETFELD       197 HILLSIDE DRIVE               GREENTOWN           PA         18426 PUD               4/1/28 
10065712 10065712WN   KOVACH         238 DENT AVENUE                  GRANVILLE           WV         26534 SFR               4/1/28 
10065753 10065753WN   HENDRIX        4219 SOUTH LIBERTY S             NEW ORLEANS         LA         70115 SFR               4/1/13 
10065829 10065829WN   CERNIGLIA      6286 POKETA ROAD                 VERONA              PA         15147 SFR               4/1/28 
10065837 10065837WN   ABBOTT         2216 AVIS STREET                 MESQUITE            TX         75149 SFR               4/1/13 
10065845 10065845WN   DUNLAP         3217 GERRY AVENUE                ERIE                PA         16508 SFR               4/1/28 
10065852 10065852WN   ABBOTT         1536 SHOREHAVEN DR               GARLAND             TX         75040 SFR               4/1/13 
10065936 10065936WN   MARTINEZ       1226 NORTH OAKMONT L             LAREDO              TX         78045 SFR               4/1/28 
10065969 10065969WN   HENRY          506 NORTH STRINGTOWN             FORISTELL           MO         63348 SFR               4/1/13 
10066017 10066017WN   MYERS          8 OXFORD STREET                  WILKES BARRE        PA         18702 SFR               4/1/13 
10066058 10066058WN   ZOLD           1623 NORTH MAIN STRE             RACINE              WI         53402 2-4 UNITS         4/1/13 
10066066 10066066WN   BRADY          ROUTE 136 BOX 60                 DARRAGH             PA         15625 SFR               4/1/28 
10066116 10066116WN   ROSE           3661 NORTHWEST 95TH              FT. LAUDERDALE      FL         33351 CONDO             4/1/28 
10066173 10066173WN   BAUGHMAN       910 TIN SIDE ROAD                BATESVILLE          MS         38606 SFR               4/1/13 
10066249 10066249WN   MCGEE          1011 GLENWOOD STREET             JACKSON             MS         39209 SFR               4/1/28 
10066389 10066389WN   HAGGERTY       5583 IVY DRIVE                   MENTOR-ON-THE-LAKE  OH         44060 SFR               4/1/28 
10066405 10066405WN   HOWELL         601 GARFIELD STREET              NEW ALBANY          MS         38652 SFR               4/1/13 
10066512 10066512WN   INES           3058 UAAWA PLACE                 HONOLULU            HI         96819 SFR               4/1/28 
10066520 10066520WN   MCMASTER       ROUTE 66 P.O. BOX                LEEPER              PA         16233 SFR               4/1/28 
10066637 10066637WN   GOHR           7800 BOLERO DRIVE                RIVERSIDE           CA         92509 SFR               4/1/28 
10066694 10066694WN   PICADO         6190 WEST 19 AVENUE              HIALEAH             FL         33012 CONDO             4/1/13 
10066728 10066728WN   PICADO         1855 WEST 62 STREET              HIALEAH             FL         33012 CONDO             4/1/13 
10066751 10066751WN   ADCOX          3125 WOOD STREET                 TEXARKANA           TX         75501 SFR               4/1/28 
10066777 10066777WN   PICADO         6190 WEST 19 AVENUE              HIALEAH             FL         33012 CONDO             4/1/13 
10066785 10066785WN   KNUDSON        1963 EAST 3000 SOUTH             SALT LAKE CITY      UT         84106 SFR               4/1/28 
10066843 10066843WN   WILLIAMS       8929 CAMAY DRIVE                 HOUSTON             TX         77016 SFR               4/1/13 
10066892 10066892WN   TAYLOR         1823 FAIR HAVEN DRIV             INDIANAPOLIS        IN         46229 SFR               4/1/28 
10066959 10066959WN   BAUTISTA       45-552 LIULA STREET              KANEOHE             HI         96744 SFR               4/1/28 
10067205 10067205WN   PARKER         13518 ANN LOUISE ROA             HOUSTON             TX         77086 SFR               4/1/13 
10067221 10067221WN   SEIFER         238 WALLROSE HEIGHTS             BADEN               PA         15005 SFR               4/1/28 
10067379 10067379WN   WALKER         5497 SIR MONAHAN S               LAS VEGAS           NV         89119 SFR               3/1/28 
10067429 10067429WN   HANSHEW        504 EVERGREEN DRIVE              LONG BEACH          MS         39560 SFR               4/1/28 
10074995 10074995WN   HANSHEW        504 EVERGREEN                    RURAL RETREAT       VA         24368 SFR               4/1/28 
10075018 10075018WN   CAGLE          12323 ALEXANDER RD.              ALEXANDER           AR         72002 SFR               4/1/28 
10075026 10075026WN   CAMPOAMOR      2505 WEST 67TH PLACE             HIALEAH             FL         33016 CONDO             4/1/13 
10075059 10075059WN   TANKERSLEY     4608 LAWRENCE                    MEMPHIS             TN         38122 SFR               4/1/28 
10075414 10075414WN   CASE           3320 SOUTH DARLINGTO             TULSA               OK         74135 SFR               4/1/28 
10075489 10075489WN   JONES          2320 WILLIAMS STREET             DENVER              CO         80205 SFR               4/1/28 
10075513 10075513WN   JONES          2842 JOSEPHINE STREE             DENVER              CO         80205 SFR               4/1/28 
10075620 10075620WN   BELTA          40-4 RIDGE ROAD                  NAUGATUCK           CT          6770 CONDO             4/1/28 
10075760 10075760WN   BROWN          1595 WALKER                      MEMPHIS             TN         38114 SFR               4/1/13 
10117976 10117976AD   DE             1121W CIMARRON ST                NOGALES             AZ         85621 SFR               8/1/27 
10135606 10135606AD   RANDALL        2914 MOSHER STREET               BALTIMORE           MD         21216 SFR              10/1/12 
10188720 10188720AD   YUSUFF         876 PATTI DRIVE                  BEDFORD             TX         76022 SFR              10/1/27 
10234664 10234664AD   KING           4407 SOUTH GRAND                 ST. LOUIS           MO         63111 SFR               9/1/27 

<CAPTION>

Servicer                           4/1/98                Current                                                     
  Loan    AMRESCO        Last    Scheduled     Current     P&I        Occupancy   Original                                   Due  
 Number  Loan Number     Name     Balance       Rate     Payment   LTV  Status      Term Servicer    Originator              Date 
- -------- ----------      ----    ---------      ----     -------   ---- ------      ---- --------    ----------              ---- 
<S>      <C>          <C>        <C>            <C>     <C>      <C>   <C>          <C>  <C>       <C>                      <C>
10065365 10065365WN   PERKINS    102,400.00      9.78     882.03    80 NON OWNER    360  WENDOVER  ARMC WHOLESALE           4/1/98 
10065373 10065373WN   PERKINS    102,400.00      9.78     882.03    80 NON OWNER    360  WENDOVER  ARMC WHOLESALE           4/1/98 
10065381 10065381WN   PERKINS    102,400.00      9.78     882.03    80 NON OWNER    360  WENDOVER  ARMC WHOLESALE           4/1/98 
10065407 10065407WN   PERKINS    102,400.00      9.78     882.03    80 NON OWNER    360  WENDOVER  ARMC WHOLESALE           4/1/98 
10065423 10065423WN   SAENZ       45,000.00      9.75     476.71    60 OWNER        180  WENDOVER  AMRESCO                  5/1/98 
10065456 10065456WN   EMBURY      47,250.00      9.83     502.85    75 NON OWNER    180  WENDOVER  AMRESCO                  4/1/98 
10065464 10065464WN   EMBURY      44,250.00      9.83     470.92    75 NON OWNER    180  WENDOVER  AMRESCO                  4/1/98 
10065506 10065506WN   SMITH       24,700.00     13.01     312.68    65 OWNER        180  WENDOVER  AMRESCO                  5/1/98 
10065548 10065548WN   SPAULDING   27,700.00     11.25     319.2  41.97 OWNER        180  WENDOVER  AMRESCO                  5/1/98 
10065571 10065571WN   YULO        23,800.00     11.95     243.89    70 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10065597 10065597WN   LABOUNTY    44,720.00     11.9      456.56    80 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10065613 10065613WN   RELLS      212,000.00      5.75   1,237.17 75.71 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10065621 10065621WN   APANA      330,000.00      6.45   2,074.99 76.74 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10065647 10065647WN   NIETFELD    89,700.00     10.63     829.25 71.76 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10065712 10065712WN   KOVACH      20,250.00     12        208.29    75 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10065753 10065753WN   HENDRIX     34,000.00      8.8      340.82 47.22 OWNER        180  WENDOVER  AMRESCO                  5/1/98 
10065829 10065829WN   CERNIGLIA   51,560.00     12.68     557.49 71.61 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10065837 10065837WN   ABBOTT      37,577.00      8.63     372.9   76.7 NON OWNER    180  WENDOVER  ARMC WHOLESALE           5/1/98 
10065845 10065845WN   DUNLAP      37,647.00      9.83     325.66 81.84 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10065852 10065852WN   ABBOTT      42,945.00      8.63     426.18  76.7 NON OWNER    180  WENDOVER  ARMC WHOLESALE           5/1/98 
10065936 10065936WN   MARTINEZ    56,625.00     10.35     511.63    75 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10065969 10065969WN   HENRY       57,600.00     10.45     634.93    72 OWNER        180  WENDOVER  AMRESCO                  5/1/98 
10066017 10066017WN   MYERS       19,920.00     11.18     228.67    80 OWNER        180  WENDOVER  AMRESCO                  5/1/98 
10066058 10066058WN   ZOLD        67,125.00     11.91     801.73    75 NON OWNER    180  WENDOVER  AMRESCO                  5/1/98 
10066066 10066066WN   BRADY       57,750.00      7.58     406.96    75 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10066116 10066116WN   ROSE        58,458.00      9.8      504.39 87.25 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10066173 10066173WN   BAUGHMAN    25,200.00     11.1      288.01    70 OWNER        180  WENDOVER  AMRESCO                  5/1/98 
10066249 10066249WN   MCGEE       34,300.00     14.8      428.22    70 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10066389 10066389WN   HAGGERTY    78,000.00      9.9      678.75    75 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10066405 10066405WN   HOWELL      21,120.00     11.88     251.85    60 OWNER        180  WENDOVER  AMRESCO                  5/1/98 
10066512 10066512WN   INES       267,435.00      8.5    2,056.34  84.9 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10066520 10066520WN   MCMASTER    72,100.00     10.88     680.1     70 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10066637 10066637WN   GOHR        90,000.00      9.45     753.49 64.29 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10066694 10066694WN   PICADO      36,000.00     11.28     415.53 58.06 NON OWNER    180  WENDOVER  AMRESCO                  5/1/98 
10066728 10066728WN   PICADO      25,800.00     11.28     297.79    60 NON OWNER    180  WENDOVER  AMRESCO                  5/1/98 
10066751 10066751WN   ADCOX       45,900.00      9.8      396.04    85 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10066777 10066777WN   PICADO      36,000.00     11.28     415.53 58.06 NON OWNER    180  WENDOVER  AMRESCO                  5/1/98 
10066785 10066785WN   KNUDSON    118,500.00     10.58   1,091.06    75 NON OWNER    360  WENDOVER  AMRESCO                  5/1/98 
10066843 10066843WN   WILLIAMS    30,000.00     12.83     376.22 52.63 NON OWNER    180  WENDOVER  AMRESCO                  5/1/98 
10066892 10066892WN   TAYLOR      78,900.00      9.8      680.77 84.84 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10066959 10066959WN   BAUTISTA   281,260.00      7.2    1,909.16    82 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10067205 10067205WN   PARKER      64,000.00      9.95     685.79    80 OWNER        180  WENDOVER  AMRESCO                  5/1/98 
10067221 10067221WN   SEIFER     122,762.00      9.08     994.85 81.84 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10067379 10067379WN   WALKER      45,000.00      9.38     374.45  44.5 NON OWNER    360  WENDOVER  ARMC WHOLESALE           4/1/98 
10067429 10067429WN   HANSHEW     65,650.00     12.3      690.48    65 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10074995 10074995WN   HANSHEW     39,000.00     12.68     421.69    60 NON OWNER    360  WENDOVER  AMRESCO                  5/1/98 
10075018 10075018WN   CAGLE       30,100.00     10.03     264.82    70 NON OWNER    360  WENDOVER  AMRESCO                  5/1/98 
10075026 10075026WN   CAMPOAMOR   43,500.00     10.55     482.2     75 OWNER        180  WENDOVER  AMRESCO                  5/1/98 
10075059 10075059WN   TANKERSLEY  64,800.00     11.3      631.84    90 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10075414 10075414WN   CASE        66,500.00     14.3      803.76    70 OWNER        360  WENDOVER  AMRESCO                  5/1/98 
10075489 10075489WN   JONES       83,120.00     11.08     796.6   66.5 NON OWNER    360  WENDOVER  AMRESCO                  5/1/98 
10075513 10075513WN   JONES      137,595.00     10.58   1,266.87 66.47 NON OWNER    360  WENDOVER  AMRESCO                  5/1/98 
10075620 10075620WN   BELTA       33,800.00     12.08     349.75    65 NON OWNER    360  WENDOVER  AMRESCO                  5/1/98 
10075760 10075760WN   BROWN       40,000.00     11.3      462.2     80 OWNER        180  WENDOVER  AMRESCO                  5/1/98 
10117976 10117976AD   DE          31,391.23      9.6      267.17    42 OWNER        360  ADVANTA   BNC                      2/1/98 
10135606 10135606AD   RANDALL     16,783.17     13.75     195.74    30 OWNER        180  ADVANTA   EMPIRE MORTGAGE COMPANY  4/1/98 
10188720 10188720AD   YUSUFF      61,884.30     10.875    584.6     80 OWNER        360  ADVANTA   MUTUAL EQUITY MORTGAGE   2/1/98 
10234664 10234664AD   KING        39,845.75     11.75     402.96    80 OWNER        360  ADVANTA   WEYERHAEUSER MTG         2/1/98 
</TABLE>                                                        

                                 Page 11 of 25

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>          <C>            <C>                              <C>                 <C>        <C>    <C>             <C>
10259539 10259539AD    BLANCHARD      10806 LORIE LANE                 MABELVALE           AR         72103 SFR               8/1/27
10261782 10261782AD    BROWN          3863 MANAYUNK AVENUE             PHILADELPHI         PA         19128 SFR               9/1/12
10618197 10618197AD    BROWN          600 WEST STREET                  CITY OF CAM         NJ          8103 SFR             11/18/17
10618205 10618205AD    GRIFFIN        17 CUYLER STREET                 CITY OF TRE         NJ          8609 TOWNHOUSE       12/29/17
10618213 10618213AD    CASABONA       37 GROVE STREET                  PASSAIC             NJ          7055 SFR             11/15/17
10618221 10618221AD    HOMETCHKO      1426 LONG ROAD                   BRIDGEWATER         NJ          8807 SFR             11/22/17
10618270 10618270AD    DALTON         418 WASHINGTON STREET            LATROBE             PA         15650 SFR              11/6/12
10618296 10618296AD    WHITE          810 B SOUTH 12TH STREET          PHILADELPHI         PA         19147 TOWNHOUSE        11/1/12
10618320 10618320AD    DEIBLER        266 MOORE STREET                 MILLERSBURG         PA         17061 SFR             11/25/17
10618338 10618338AD    GRAFFOULIERE   1427 40TH AVENUE NORTH           SAINT PETER         FL         33703 SFR              12/1/12
10618346 10618346AD    EDWARDS        209 BEECHER STREET               SYRACUSE            NY         13203 2-4 UNITS       10/30/12
10618353 10618353AD    BROOKS         933 JEFFERSON AVENUE             ROCHESTER           NY         14611 SFR             11/18/12
10618361 10618361AD    STRYKER        53 MAIN STREET                   DRESDEN             NY         14441 SFR             11/10/17
10618387 10618387AD    CULVER         121 CENTRAL AVE.                 MILLEDGEVIL         GA         31061 SFR             11/19/27
10618395 10618395AD    OSBORNE        817 CHEROKEE AVENUE              ATLANTA             GA         30315 SFR             11/25/12
10618411 10618411AD    HAYNES         1434 MAY AVE. S.E.               ATLANTA             GA         30316 SFR             12/2/12 
10618429 10618429AD    GASPAR         1121 MORELAND DRIVE              ATLANTA             GA         30315 SFR             11/24/12
10618437 10618437AD    THAXTON        146 W. STATELINE ROAD            ROSSVILLE           GA         30741 SFR             11/26/17
10618569 10618569AD    SIANO          405 WEST BROADWAY                MONTICELLO          NY         12701 2-4 UNITS       11/13/12
10618577 10618577AD    DIXON          20 HOLLYWOOD AVENUE              TRENTON             NJ          8609 TOWNHOUSE       11/26/12
10618601 10618601AD    LIGGIO         11 GARDNER STREET                NEWBURGH            NY         12550 SFR             11/17/12
10618619 10618619AD    BERRY          RR 3 BOX 45 TERRY CIRCLE         PLEASANT VA         NY         12569 SFR             11/21/12
10618668 10618668AD    LAWING         23 LIGHTHOUSE COURT              ATLANTIC CI         NJ          8401 CONDO           11/17/17
10618718 10618718AD    HAMZA          599 ST. GEORGES AVENUE           RAHWAY              NJ          7065 SFR             10/30/12
10618874 10618874AD    DEGARO         3727 SIMPSON ST.                 CINCINNATI          OH         45227 SFR             11/25/27
10618882 10618882AD    OLVERSON       1178 BYRD AVE                    CINCINNATI          OH         45215 2-4 UNITS       11/24/12
10635845 10635845AD    GRIFFITHS      30 DEPOT ROAD                    BOXFORD             MA          1921 SFR               1/1/08
10636785 10636785AD    COURTNEY       12017 SMOKING OAKS               LIVE OAK            TX         78322 SFR               1/1/28
10637437 10637437AD    STEEL          6610 SUNNY BAY RD. N.W.          GIG HARBOR          WA         98335 SFR               1/1/13
10637452 10637452AD    BORGES         9 PINE CANYON DR. SW             ATLANTA             GA         30311 SFR               1/1/13
10637460 10637460AD    SMITH          2639 RINGWOOD ST.                CHARLOTTE           NC         28208 SFR               1/1/13
10637536 10637536AD    LARSON         1958 N. LAVE FLOW DR.            ST. GEORGE          UT         84770 SFR               1/1/13
10637569 10637569AD    LESTER         101 ADEN ST.                     BLUEFIELD           VA         24605 SFR               1/1/13
   17418 17418WN       STONE          308 1ST STREET                   KERSEY                               SFR               1/1/26
 2041325 2041325AD     PRESSLEY       32 ROSE AVE.                     JERSEY CITY         NJ          7305 SFR               4/1/11
 2042380 2042380AD     DERRICK        9079 WESTWOOD                    DETROIT             MI         48228 SFR               5/1/11
 2266294 2266294LB     SEGARS         2220E HAWKEYE AVENUE             TURLOCK             CA         95380 SFR               5/1/26
 3693215 3693215LB     GARNER         5216 HIDDEN OAKS LANE            ARLINGTON           TX         76017 SFR              11/1/27
 3790730 3790730LB     GOODRIDGE      1206 HASKELL STREET              BERKELEY            CA         94702 SFR              11/1/27
 3804192 3804192LB     PHILLIPS       1569 LANE 14                     WORLAND             WY         82401 MANUF'D HM       12/1/17
 3811114 3811114LB     BEALE          4408 EXEMOUTH DRIVE              KNOXVILLE           TN         37914 SFR              12/1/27
 3820230 3820230LB     JOHNSON        2208 CRESCENT AVENUE             CASPER              WY         82604 SFR              11/1/27
 3820974 3820974LB     JARAMILLO      1847 W MERLIN ROAD               TUCSON              AZ         85713 SFR              11/1/27
 3863735 3863735AD     LABBY          1627 MAIN STREET                 PITTSBURGH          PA         15215 SFR               9/1/12
 3878931 3878931LB     JONES          EAST 40 TWILIGHT WAY             ALLYN               WA         98524 MANUF'D HM       11/1/27
 3880945 3880945LB     BARNETT        1603 WEST A AVE                  ELK CITY            OK         73644 SFR              11/1/12
 3881745 3881745LB     MORGANTI       21 JEROME AVENUE                 STATEN ISLAND       NY         10305 SFR              11/1/27
 3885233 3885233LB     PORTERFIELD    138 BRIGGS STREET                ALLEGAN             MI         49010 SFR              11/1/27
 3889425 3889425LB     PANAHI         11987 MARBLE HEAD COURT          INDIANAPOLIS        IN         46236 SFR              11/1/27
 3889904 3889904LB     COMBS          2870 HAMILTON-MIDDLETOWN         HAMILTON            OH         45011 SFR              11/1/27
 3891363 3891363LB     SHORTER        3481 BORING ROAD                 DECATUR             GA         30034 SFR              11/1/17
 3891611 3891611LB     CARTY          1505 S CAPE VERDE PLACE          TUCSON              AZ         85748 SFR              11/1/12
 3902012 3902012LB     THOMAS         47 ANTHONY BLVD.                 LINCOLN PARK        NJ          7035 SFR              11/1/12
 3905296 3905296AD     TRINIDAD       358 HILLSIDE BOULVARD            DALY CITY           CA         94014 SFR               9/1/12
 3908043 3908043LB     MANRIQUEZ      2420 JACKSON STREET              OXNARD              CA         93030 SFR              11/1/17
 3912045 3912045LB     NEUTRELLE      150 N HUNTER STREET              RAMONA              CA         92065 SFR              11/1/12
 3913654 3913654LB     HARRISON       294 HOOKER ROAD                  BRIDGEPORT          CT          6610 SFR              12/1/17
 3924503 3924503LB     PRODAN         6224 MEADOWHAVEN LANE            LAS VEGAS           NV         89103 PUD              11/1/27

<CAPTION>

Servicer                               4/1/98                Current                                                 
  Loan    AMRESCO        Last        Scheduled     Current     P&I        Occupancy Original                                   Due  
 Number  Loan Number     Name         Balance       Rate     Payment   LTV  Status    Term Servicer     Originator             Date 
- -------- ----------      ----        ---------      ----     -------   ---- ------    ---- --------     ----------             ---- 
<S>      <C>          <C>            <C>            <C>     <C>      <C>   <C>        <C>  <C>        <C>                     <C>
10259539 10259539AD    BLANCHARD      50,162.10     12.75     546.07    75 OWNER      360  ADVANTA    WEYERHAEUSER MTG        3/1/98
10261782 10261782AD    BROWN          36,010.65     13.5      472.59 57.78 OWNER      180  ADVANTA    WEYERHAEUSER MTG        3/1/98
10618197 10618197AD    BROWN          31,756.80     11.22     335.11 82.05 OWNER      240  ADVANTA    PARKWAY MORTGAGE       3/18/98
10618205 10618205AD    GRIFFIN        27,243.55     14.72     356.45 50.93 OWNER      240  ADVANTA    PARKWAY MORTGAGE       3/29/98
10618213 10618213AD    CASABONA      138,282.32     10.99   1,433.80 66.19 OWNER      240  ADVANTA    PARKWAY MORTGAGE       3/15/98
10618221 10618221AD    HOMETCHKO     246,047.26     10.25   2,424.66 79.68 OWNER      240  ADVANTA    PARKWAY MORTGAGE       2/22/98
10618270 10618270AD    DALTON         28,316.03     13.1      315.83    45 OWNER      180  ADVANTA    PARKWAY MORTGAGE        2/6/98
10618296 10618296AD    WHITE          39,551.36     11.75     399.73    90 OWNER      180  ADVANTA    PARKWAY MORTGAGE        3/1/98
10618320 10618320AD    DEIBLER        55,521.07     10.1      544.13    80 OWNER      240  ADVANTA    PARKWAY MORTGAGE       3/25/98
10618338 10618338AD    GRAFFOULIERE   62,759.66     13.35     711.92    80 OWNER      180  ADVANTA    PARKWAY MORTGAGE        3/1/98
10618346 10618346AD    EDWARDS        47,957.43     11.9      490.05    80 OWNER      180  ADVANTA    PARKWAY MORTGAGE       4/30/98
10618353 10618353AD    BROOKS         48,963.63     12.7      530.58    70 OWNER      180  ADVANTA    PARKWAY MORTGAGE       3/18/98
10618361 10618361AD    STRYKER        50,908.89     12.95     595.69    75 OWNER      240  ADVANTA    PARKWAY MORTGAGE       2/10/98
10618387 10618387AD    CULVER         47,950.28     12.75     521.62    80 OWNER      360  ADVANTA    PARKWAY MORTGAGE       2/19/98
10618395 10618395AD    OSBORNE        38,858.80     11.09     373.11 29.03 OWNER      180  ADVANTA    PARKWAY MORTGAGE       2/25/98
10618411 10618411AD    HAYNES         72,358.27     11.99     744.16    80 OWNER      180  ADVANTA    PARKWAY MORTGAGE        2/2/98
10618429 10618429AD    GASPAR         65,558.76     11.6      654.65    80 OWNER      180  ADVANTA    PARKWAY MORTGAGE       3/24/98
10618437 10618437AD    THAXTON        39,597.15     10.25     392.17    85 OWNER      240  ADVANTA    PARKWAY MORTGAGE       3/26/98
10618569 10618569AD    SIANO         117,488.17     10.8    1,102.20    80 NON OWNER  180  ADVANTA    PARKWAY MORTGAGE       3/13/98
10618577 10618577AD    DIXON          32,874.47     12.5      351.13    70 OWNER      180  ADVANTA    PARKWAY MORTGAGE       2/26/98
10618601 10618601AD    LIGGIO         67,111.28     11.1      645.05    80 OWNER      180  ADVANTA    PARKWAY MORTGAGE       2/17/98
10618619 10618619AD    BERRY         100,521.36     10.8      944.74    80 OWNER      180  ADVANTA    PARKWAY MORTGAGE       2/21/98
10618668 10618668AD    LAWING         26,778.99     12.99     316.13    36 OWNER      240  ADVANTA    PARKWAY MORTGAGE       2/17/98
10618718 10618718AD    HAMZA         101,889.89     11        971.37    85 OWNER      180  ADVANTA    PARKWAY MORTGAGE       2/28/98
10618874 10618874AD    DEGARO         78,094.18      9.99     685.69    85 OWNER      360  ADVANTA    PARKWAY MORTGAGE       3/25/98
10618882 10618882AD    OLVERSON       59,967.05     12.25     628.74    80 OWNER      180  ADVANTA    PARKWAY MORTGAGE       3/24/98
10635845 10635845AD    GRIFFITHS      89,951.03     12.25     943.11 27.95 OWNER      120  ADVANTA    ALTERNATIVE LENDING     2/1/98
10636785 10636785AD    COURTNEY       50,364.70     11.105    483.98    70 OWNER      360  ADVANTA    ALTERNATIVE LENDING     3/1/98
10637437 10637437AD    STEEL          99,930.26     11.125    961.79 55.21 OWNER      180  ADVANTA    ALTERNATIVE LENDING     3/1/98
10637452 10637452AD    BORGES         47,965.18     10.93     454.58    80 OWNER      180  ADVANTA    ALTERNATIVE LENDING     3/1/98
10637460 10637460AD    SMITH          46,774.27     12.205    488.79    80 OWNER      180  ADVANTA    ALTERNATIVE LENDING     3/1/98
10637536 10637536AD    LARSON         36,844.18     13.15     471.56    23 OWNER      180  ADVANTA    ALTERNATIVE LENDING     3/1/98
10637569 10637569AD    LESTER         44,623.79     12.24     544.62    70 OWNER      180  ADVANTA    ALTERNATIVE LENDING     3/1/98
   17418 17418WN       STONE          59,983.47     10.5      555.7  77.88 OWNER      360  WENDOVER   BERKELEY                3/1/98
 2041325 2041325AD     PRESSLEY       61,233.60     13        681.42    70 OWNER      180  ADVANTA    FINANCIAL MORTGAGE      3/1/98
                                                                                                      SERVICES, I 
 2042380 2042380AD     DERRICK        23,850.67     12.625    258.48    75 OWNER      180  ADVANTA    FINANCIAL MORTGAGE      2/1/98
                                                                                                      SERVICES, I 
 2266294 2266294LB     SEGARS        111,033.43      8.99     904.4     64 OWNER      360  AMERIQUEST LONG BEACH MTG          3/1/98
 3693215 3693215LB     GARNER        107,622.27     10.5      986.09    70 OWNER      360  AMERIQUEST AMERIQUEST MTG          2/1/98
 3790730 3790730LB     GOODRIDGE      99,755.06      8.5      768.92    80 OWNER      360  AMERIQUEST AMERIQUEST MTG          3/1/98
 3804192 3804192LB     PHILLIPS       80,232.36      9.75     764.51    65 OWNER      240  AMERIQUEST AMERIQUEST MTG          3/1/98
 3811114 3811114LB     BEALE          54,687.58     10.75     511.09    75 OWNER      360  AMERIQUEST AMERIQUEST MTG          3/1/98
 3820230 3820230LB     JOHNSON        79,727.75     10.85     752.81    74 OWNER      360  AMERIQUEST AMERIQUEST MTG          3/1/98
 3820974 3820974LB     JARAMILLO      75,848.08      9.5      639.05    80 OWNER      360  AMERIQUEST AMERIQUEST MTG          3/1/98
 3863735 3863735AD     LABBY          22,284.58     14        299.84 30.84 OWNER      180  ADVANTA    AMRESCO                 3/1/98
 3878931 3878931LB     JONES          55,914.54     10.75     522.75    59 OWNER      360  AMERIQUEST AMERIQUEST MTG          3/1/98
 3880945 3880945LB     BARNETT        51,491.37      9.99     558.48    83 OWNER      180  AMERIQUEST AMERIQUEST MTG          3/1/98
 3881745 3881745LB     MORGANTI       64,823.78      8        476.95    27 OWNER      360  AMERIQUEST AMERIQUEST MTG          3/1/98
 3885233 3885233LB     PORTERFIELD    40,722.91      9.75     350.54    80 OWNER      360  AMERIQUEST AMERIQUEST MTG          3/1/98
 3889425 3889425LB     PANAHI        189,621.69      9.5    1,597.63    52 OWNER      360  AMERIQUEST AMERIQUEST MTG          3/1/98
 3889904 3889904LB     COMBS          96,446.78      8.25     726.45    48 OWNER      360  AMERIQUEST AMERIQUEST MTG          3/1/98
 3891363 3891363LB     SHORTER        83,546.14      9.9      805.07    80 OWNER      240  AMERIQUEST AMERIQUEST MTG          3/1/98
 3891611 3891611LB     CARTY          87,016.63      8.5      866.58    69 OWNER      180  AMERIQUEST AMERIQUEST MTG          3/1/98
 3902012 3902012LB     THOMAS         84,131.02      9.5      887.6     40 OWNER      180  AMERIQUEST AMERIQUEST MTG          3/1/98
 3905296 3905296AD     TRINIDAD       41,632.67     12.25     513.81 17.98 OWNER      180  ADVANTA    AMRESCO                 3/1/98
 3908043 3908043LB     MANRIQUEZ      77,496.84      8.5      676.91    55 OWNER      240  AMERIQUEST AMERIQUEST MTG          3/1/98
 3912045 3912045LB     NEUTRELLE      16,215.94      9.75     190.69    15 OWNER      180  AMERIQUEST AMERIQUEST MTG          9/1/98
 3913654 3913654LB     HARRISON       82,114.68      8.75     729.07    75 OWNER      240  AMERIQUEST AMERIQUEST MTG          3/1/98
 3924503 3924503LB     PRODAN         58,370.44      8.99     470.29    75 OWNER      360  AMERIQUEST AMERIQUEST MTG          3/1/98
</TABLE>

                                 Page 12 of 25

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>          <C>            <C>                              <C>                 <C>        <C>   <C>              <C>
3926904  3926904LB    BURGOS         11 REYNOLDS AVE                  STAMFORD            CT          6905 SFR              11/1/27 
3928280  3928280AD    SHIN           467 PUUIKENA DRIVE               HONOLULU            HI         96821 SFR               9/1/27 
3928298  3928298LB    BUNN           1629 S BIRCH                     TULSA               OK         74012 SFR              11/1/12 
3931441  3931441LB    MANNARINO      2215  98TH  STREET               EAST  ELMHURST      NY         11369 2-4 UNITS        11/1/27 
3934783  3934783LB    MULLEN         166 GARY AVE                     OAK HILL            FL         32759 MANUF'D HM       11/1/17 
3935160  3935160LB    KEDROWSKI      26215 8TH STREET WEST            ZIMMERMAN           MN         55398 SFR              11/1/27 
3935699  3935699LB    WICKER         695 TAYLOR CO. RD #153           BUFFALO GAP         TX         79508 SFR              11/1/27 
3936176  3936176LB    OSHABEN        524 WEST SANTA CLARA AVE         SANTA ANA           CA         92706 SFR              11/1/27 
3936861  3936861LB    PITTS          1409 E 56TH STREET               TACOMA              WA         98404 SFR              11/1/27 
3938370  3938370LB    HELGERSON      583 SW ALLGOOD STREET            DALLAS              OR         97338 SFR              11/1/27 
3941382  3941382AD    COUNTS         2509 EAST 26TH STREET            ERIE                PA         16510 SFR               9/1/12 
3944568  3944568LB    DALTON         559 EUGENE                       YPSILANTI TOWNSHIP  MI         48198 SFR              11/1/27 
3948437  3948437LB    SCHAEN         74 RICHARDSON HILL ROAD          GRISWOLD            CT          6360 SFR              11/1/27 
3948783  3948783LB    HICKS          2719 E FEDERAL STREET            BALTIMORE           MD         21213 SFR              11/1/17 
3949773  3949773LB    WILLIS         112 E 139TH STREET               LOS ANGELES         CA         90061 SFR              11/1/27 
3949989  3949989LB    WAKER          61910 JEWELL                     WASHINGTON TOWNSHIP MI         48094 SFR              11/1/27 
3952827  3952827LB    WINGET         22641 STENGER ST                 WOODBURN            IN         46797 SFR              11/1/12 
3956679  3956679LB    HATCH          902 HOYT AVE.                    EVERETT             WA         98201 SFR              11/1/27 
3957149  3957149LB    KING           1817 NICHOL AVENUE               ANDERSON            IN         46011 SFR              11/1/27 
3959665  3959665LB    CLARKE         1209 EAST HARRISON AVENUE        SALT LAKE CITY      UT         84105 SFR              11/1/27 
3960234  3960234LB    BLOCK          1345 TINDARO DRIVE               APOPKA              FL         32703 SFR              11/1/27 
3960549  3960549LB    ATKINSON       7832 ROLLING RIDGE DR            MANLIUS             NY         13104 SFR              12/1/27 
3961398  3961398LB    SNIZIK         26 W COURTLAND AVE               SPOKANE             WA         99205 SFR              11/1/27 
3962735  3962735LB    HOXTER         1120 GROVE ROAD                  WEST CHESTER        PA         19380 SFR              11/1/27 
3963162  3963162LB    BUNCH          133 HOPE STREET                  TARPON SPRINGS      FL         34689 SFR              11/1/17 
3963204  3963204LB    RAIKES         13224 SOUTH REDWOOD ROAD         RIVERTON            UT         84065 SFR              11/1/27 
3964855  3964855LB    PUCKETT        5245 S BLACK CAT RD.             MERIDIAN            ID         83642 SFR              11/1/27 
3965159  3965159LB    MOORE          178 COLERIDGE DRIVE              VALLEJO             CA         94591 SFR              11/1/17 
3965266  3965266LB    VAN            9638 SAN SIMEON DRIVE            DESERT HOT SPRINGS  CA         92240 SFR              11/1/27 
3965845  3965845LB    CHASE          5314 SE RAMONA ST                PORTLAND            OR         97206 SFR              11/1/27 
3966546  3966546LB    ALLENSWORTH    6715 MALVERN DRIVE               FORT WAYNE          IN         46816 SFR              11/1/27 
3968534  3968534LB    VALENTIEN      9425 E STAR WATER DRIVE          TUCSON              AZ         85749 PUD              12/1/27 
3970407  3970407LB    BLUMENTRITT    6202 LIBERTY ROAD                JULIAN              NC         27283 SFR              11/1/12 
3971033  3971033LB    HILL           62265 COUNTY ROAD 11             GOSHEN              IN         46526 SFR              11/1/27 
3972494  3972494LB    MC             3917 IVY STREET                  SACRAMENTO          CA         95838 SFR              11/1/17 
3973906  3973906LB    CASANOVER      6615 KINGSWAY                    ST. LOUIS           MO         63123 SFR              11/1/17 
3974680  3974680LB    APPLE          117 CHESTNUT STREET              BELLEVILLE          NJ          7109 SFR              11/1/27 
3974912  3974912LB    GOODRIDGE      1216 HASKELL STREET              BERKELEY            CA         94702 SFR              11/1/27 
3976230  3976230LB    MCNICHOL       54576 COUNTY RD. #6              STRASBURG           CO         80136 SFR              11/1/27 
3978293  3978293LB    WEBER          6 ROSEMEAD LANE                  CHEEKTOWAGA         NY         14227 SFR              12/1/12 
3978814  3978814LB    PHILLIPS       5422 NE 18TH AVENUE              PORTLAND            OR         97211 SFR              11/1/27 
3979861  3979861LB    MITTS          1389 VALLI LANE                  ST. CHARLES         MO         63304 SFR              11/1/12 
3980216  3980216LB    BELL           2172 D BARBOUR ROAD              SMITHFIELD          NC         27577 SFR              11/1/17 
3981206  3981206LB    LORICH         1920 JULIE AVENUE                FULLERTON           CA         92833 SFR              11/1/27 
3981214  3981214LB    PORTER         2410 SOUTH MARION STREET         DENVER              CO         80210 SFR              11/1/27 
3981750  3981750LB    YOUNG          5557 POWELL HWY                  IONIA               MI         48846 SFR              11/1/27 
3985322  3985322LB    PRATHER        139 THIRD STREET                 CHARLESTOWN         IN         47111 SFR              11/1/12 
3985694  3985694LB    LANGER         667 21ST STREET                  RED WING            MN         55066 SFR              12/1/27 
3985702  3985702LB    THORNBURG      5219 RALSTON RD                  LAKELAND            FL         33811 SFR              11/1/27 
3985751  3985751LB    INDELLINI      749 W TWELFTH STREET             NEW CASTLE          DE         19720 SFR              11/1/27 
3985793  3985793LB    CARTER         9635 SPRING VALLEY CT            KANSAS CITY         MO         64134 SFR              11/1/27 
3986528  3986528LB    LAMMINEN       22272 COUNTY ROAD 73             BIG LAKE            MN         55309 SFR              11/1/12 
3987633  3987633LB    DeSPAIN        6712 BASSWOOD CANYON RD          OKLAHOMA CITY       OK         73162 SFR              11/1/27 
3988003  3988003LB    PARKER         12318 ROSE DR                    WHITTIER            CA         90601 SFR              11/1/27 
3989084  3989084LB    MULLINS        8825 ALPHA DR                    STOCKTON            CA         95209 SFR              11/1/12 
3989126  3989126LB    MCCLAIN        1316 SUMMERTIME TRAIL            LEWISVILLE          TX         75067 SFR              11/1/27 
3990686  3990686LB    AGULLA         950 N RICHMOND AVE.              LINDENHURST         NY         11757 SFR              11/1/17 
3991874  3991874LB    POLIS          53 FOREST DRIVE                  WETHERSFIELD        CT          6109 SFR              11/1/27 

<CAPTION>

Servicer                                4/1/98                 Current                                      
  Loan    AMRESCO        Last         Scheduled     Current      P&I        Occupancy   Original                               Due  
 Number  Loan Number     Name          Balance       Rate      Payment   LTV  Status      Term Servicer        Originator      Date 
- -------- ----------      ----         ---------      ----      -------   ---- ------      ---- --------        ----------      ---- 
<S>      <C>          <C>           <C>              <C>      <C>      <C>   <C>          <C>  <C>           <C>              <C>
3926904  3926904LB    BURGOS          146,599.98      8       1,078.64    64 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3928280  3928280AD    SHIN          1,289,060.87      9.75   11,169.01 74.29 OWNER        360  ADVANTA       AMRESCO          3/1/98
3928298  3928298LB    BUNN             21,789.97     10.259     239.92    40 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
3931441  3931441LB    MANNARINO       190,157.93      9.99    1,670.37    66 OWNER        360  AMERIQUEST    AMERIQUEST       3/1/98
3934783  3934783LB    MULLEN           67,157.17     10.38      668.48    68 OWNER        240  AMERIQUEST    AMERIQUEST MTG   3/1/98
3935160  3935160LB    KEDROWSKI        67,857.76      9.375     565.59    80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3935699  3935699LB    WICKER           67,715.92      8         498.23    60 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3936176  3936176LB    OSHABEN         220,809.99      8.99    1,779.04    70 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3936861  3936861LB    PITTS            46,690.52     10.25      419.11    62 OWNER        360  AMERIQUEST    AMERIQUEST MTG   2/1/98
3938370  3938370LB    HELGERSON        81,785.50      8.5       630.51    57 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3941382  3941382AD    COUNTS           34,395.89     12.63      431.87 61.05 OWNER        180  ADVANTA       AMRESCO          4/1/98
3944568  3944568LB    DALTON           40,302.66     10         354.32    85 OWNER        360  AMERIQUEST    AMERIQUEST MTG   4/1/98
3948437  3948437LB    SCHAEN           62,132.39      9.75      534.83    75 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3948783  3948783LB    HICKS            32,745.86     11         339.59    70 NON OWNER    240  AMERIQUEST    AMERIQUEST MTG   3/1/98
3949773  3949773LB    WILLIS           58,869.62      9         474.73    51 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3949989  3949989LB    WAKER            74,806.73      8.25      563.45    41 OWNER        360  AMERIQUEST    AMERIQUEST MTG   4/1/98
3952827  3952827LB    WINGET           57,980.05      8.25      568.99    85 OWNER        180  AMERIQUEST    AMERIQUEST MTG   4/1/98
3956679  3956679LB    HATCH            99,764.90      8.7       783.14    63 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3957149  3957149LB    KING             26,276.12     10.5       242.41    66 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG   4/1/98
3959665  3959665LB    CLARKE          113,138.03      8.5       873.49    80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3960234  3960234LB    BLOCK            66,274.93      9.99      582.22    80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3960549  3960549LB    ATKINSON        219,713.31     10.125   1,951.01    80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3961398  3961398LB    SNIZIK           54,890.50      9.5       462.47    79 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3962735  3962735LB    HOXTER          119,761.06      9.5     1,009.03    80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3963162  3963162LB    BUNCH            46,508.53     10.25      458.92    85 OWNER        240  AMERIQUEST    AMERIQUEST MTG   3/1/98
3963204  3963204LB    RAIKES          106,501.61      8.75      839.81    55 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3964855  3964855LB    PUCKETT          89,801.10      9         724.17    69 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3965159  3965159LB    MOORE            73,634.70     10.599     743.73    60 OWNER        240  AMERIQUEST    AMERIQUEST MTG   2/1/98
3965266  3965266LB    VAN              43,403.68      8.99      349.7     67 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3965845  3965845LB    CHASE           106,015.20      9         854.92    85 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3966546  3966546LB    ALLENSWORTH      55,947.69      8.25      421.47    84 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3968534  3968534LB    VALENTIEN        67,247.30      7.5       472.67    42 OWNER        360  AMERIQUEST    AMERIQUEST MTG   4/1/98
3970407  3970407LB    BLUMENTRITT      71,327.68     10.5       795.89    80 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
3971033  3971033LB    HILL            112,210.06      8.25      845.18    75 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3972494  3972494LB    MC               59,597.35      8.5       520.7     80 OWNER        240  AMERIQUEST    AMERIQUEST MTG   3/1/98
3973906  3973906LB    CASANOVER        72,387.38      9.55      680.98    80 OWNER        240  AMERIQUEST    AMERIQUEST MTG   3/1/98
3974680  3974680LB    APPLE            93,293.37      9         752.33    77 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3974912  3974912LB    GOODRIDGE        66,866.58      9.5       563.38    74 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3976230  3976230LB    MCNICHOL         94,039.58      8.95      754.97    59 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3978293  3978293LB    WEBER            24,912.99     11         285.06    25 OWNER        180  AMERIQUEST    AMERIQUEST MTG   4/1/98
3978814  3978814LB    PHILLIPS         39,935.56     10.5       365.9     36 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3979861  3979861LB    MITTS            84,724.91      9.5       893.86    80 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
3980216  3980216LB    BELL             62,618.41      9         566.83    76 OWNER        240  AMERIQUEST    AMERIQUEST MTG   3/1/98
3981206  3981206LB    LORICH           22,962.92     10.5       210.4     17 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3981214  3981214LB    PORTER           41,903.26      8.8       331.92    35 OWNER        360  AMERIQUEST    AMERIQUEST MTG   4/1/98
3981750  3981750LB    YOUNG            71,122.04      9.99      624.75    75 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3985322  3985322LB    PRATHER          57,722.38      9.375     605.44    80 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
3985694  3985694LB    LANGER           58,321.65      9.99      512.08    80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3985702  3985702LB    THORNBURG        33,560.08     11.9       343.03    70 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3985751  3985751LB    INDELLINI        29,937.04      9.25      246.81    28 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3985793  3985793LB    CARTER           49,372.43      8.25      371.88    75 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3986528  3986528LB    LAMMINEN         91,960.79      8.5       915.81    74 OWNER        180  AMERIQUEST    AMERIQUEST MTG   4/1/98
3987633  3987633LB    DeSPAIN         114,718.31      8.5       884.26    64 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3988003  3988003LB    PARKER           45,482.48      8.25      342.58    30 OWNER        360  AMERIQUEST    AMERIQUEST MTG   4/1/98
3989084  3989084LB    MULLINS          40,571.36      9.25      421.97    46 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
3989126  3989126LB    MCCLAIN          84,791.81      8.5       653.58    79 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3990686  3990686LB    AGULLA           87,334.04     10.9       899.79    65 OWNER        240  AMERIQUEST    AMERIQUEST MTG   4/1/98
3991874  3991874LB    POLIS            71,296.75     11         679.96    60 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
</TABLE>                                                              

                                 Page 13 of 25

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>          <C>            <C>                              <C>                 <C>        <C>   <C>              <C>
3993011  3993011LB    BAPTISTE       119 HAZELTON STREET              MATTAPAN            MA          2126 2-4 UNITS        11/1/27 
3994126  3994126LB    HILLMAN        2251 IMOGENE ST.                 MEMPHIS             TN         38114 SFR              12/1/12 
3994373  3994373LB    BALDWIN        107 STARLIGHT DRIVE              CARBORO             NC         27510 SFR              11/1/17 
3996113  3996113LB    LEON           8012 SOUTH 29TH AVENUE           LAVEEN              AZ         85339 MANUF'D HM       11/1/27 
3996840  3996840LB    PFEIFFER       1379 MINOT AVE                   CROYDEN             PA         19021 SFR              11/1/17 
3996865  3996865LB    CAPOTORTO      3633 SOUTH PRUDENCE ROAD         TUCSON              AZ         85730 SFR              11/1/27 
3996972  3996972LB    CRIMBCHIN      2780 CANYON RD S.                MELBA               ID         83641 SFR              12/1/17 
3997541  3997541LB    CLARK          16880 BAYLIS                     DETROIT             MI         48221 2-4 UNITS        11/1/27 
3998093  3998093LB    LOPEZ          1138-1140 CLARA STREET           SANTA ANA           CA         92704 2-4 UNITS        11/1/12 
3999125  3999125LB    REAGAN         1030 NW 106 AVENUE               PLANTATION          FL         33322 PUD              11/1/17 
3999547  3999547LB    ANDERSON       6 COOK STREET                    BRIDGEVILLE         DE         19933 SFR              11/1/12 
4000204  4000204LB    DAUGHERTY      1648 AARONWOOD DRIVE             OLD HICKORY         TN         37138 SFR              11/1/12 
4000303  4000303LB    MURPHY         11650 E MILES STREET             TUCSON              AZ         85748 SFR              11/1/27 
4000667  4000667LB    TUUHOKO        1857 REDWOOD AVENUE              REDWOOD CITY        CA         94061 SFR              11/1/27 
4001228  4001228LB    FOGEL          8737 NE CLACKAMAS STREET         PORTLAND            OR         97220 SFR              11/1/17 
4002721  4002721LB    GARRETT        606 MASONIC DRIVE                BEECHMONT           KY         42323 SFR              11/1/12 
4002945  4002945LB    EVANS          2 WALKER DR                      NEW CASTLE          DE         19720 SFR              11/1/27 
4004867  4004867LB    PRIMM          12 WHITE STREET                  BRENTWOOD           NY         11717 SFR              11/1/27 
4005518  4005518LB    ROSALES        12392 HICKMAN PLACE              DENVER              CO         80239 SFR              12/1/27 
4007134  4007134LB    HARWOOD        1428 E CENTER STREET             ROCHESTER           MN         55904 SFR              11/1/27 
4007555  4007555LB    HERNANDEZ      12605 MINEOLA ST. (PACOIMA AREA) AREA) LOS ANGELES   CA         91331 SFR              11/1/27 
4007662  4007662LB    LONG           0207 SYDENY STREET               PHILADELPHIA        PA         19150 SFR              11/1/12 
4009262  4009262LB    SCHAFFER       769 FAIRFIELD WOODS ROAD         FAIRFIELD           CT          6432 SFR              11/1/27 
4010120  4010120LB    CROSS          592 JUDD STREET                  NASHVILLE           TN         37218 SFR              11/1/17 
4011771  4011771LB    GOAD           221 S NEW YORK                   EVANSVILLE          IN         47714 SFR              11/1/27 
4012258  4012258LB    LOUIS          4915 THORNBRIAR PLACE            LAND O LAKES        FL         34639 SFR              11/1/12 
4012399  4012399LB    GRIFFITH       8 BEATRICE COURT                 EAST ALTON          IL         62024 SFR              11/1/12 
4013702  4013702LB    DETTMAN        LOT 54 COYOTE DRIVE              STRAWBERRY          AZ         85544 SFR              11/1/27 
4014130  4014130LB    ANDERSON       1235 BEACH DRIVE EAST            PORT ORCHARD        WA         98366 SFR              11/1/27 
4014627  4014627LB    CORDOVA        1177 WEST 900 SOUTH              SALT LAKE CITY      UT         84104 SFR              11/1/27 
4014767  4014767LB    BALL           245 MAYWOOD                      ROSEWOOD HEIGHTS    IL         62024 SFR              12/1/17 
4015061  4015061LB    CANON          2129 VISTA LAREDO                NEWPORT BEACH       CA         92660 CONDO            11/1/27 
4016069  4016069LB    BUREMAN        2 WHEATLEY COURT                 WASHINGTON          MO         63090 SFR              11/1/27 
4016754  4016754LB    FLINT          18380 S DILLMAN ROAD             OREGON CITY         OR         97045 SFR              11/1/27 
4017356  4017356LB    KNIGHT         818 MERCEDES AVENUE              PANAMA CITY         FL         32401 SFR              11/1/27 
4018263  4018263LB    OHALLORAN      7113 SW MAPLELEAF STREET         TIGARD              OR         97223 SFR              11/1/27 
4018685  4018685LB    WILLIAMS       621 S UNION STREET               LAWRENCE            MA          1843 SFR              11/1/27 
4018867  4018867LB    LIVINGSTON     1091 37TH ST                     ALLEGAN             MI         49070 SFR              12/1/27 
4019303  4019303LB    VILLARIN       2511 MILL ROAD                   EMMETT              ID         83617 SFR              11/1/27 
4019386  4019386LB    ROGANTI        2400 STONE PLACE                 CLAYTON             NC         27520 SFR              12/1/27 
4019733  4019733LB    CASTANEDA      16319 CLOVER AVENUE              PATTERSON           CA         95363 SFR              11/1/27 
4020970  4020970LB    ARMES          203 BYRON LANE                   OAK RIDGE           TN         37830 SFR              11/1/12 
4021457  4021457LB    KIRKLEN        437 N MONTGOMERY                 GARY                IN         46403 SFR              12/1/12 
4021671  4021671LB    LOYED          17134 LAKE INGRAM ROAD           WINTER GARDEN       FL         34787 SFR              11/1/27 
4024121  4024121LB    MEDINA         3735 W 11 AVENUE #20             HIALEAH             FL         33012 CONDO            11/1/27 
4025714  4025714LB    VIALPANDO      572 DOLORES DR NW                ALBUQUERQUE         NM         87105 SFR              11/1/12 
4026159  4026159LB    EVANS          1408 W 7TH ST                    WILMINGTON          DE         19805 TOWNHOUSE        11/1/17 
4026761  4026761LB    MOORER         210 THRIFT STREET                SAN FRANCISCO       CA         94112 SFR              11/1/27 
4027132  4027132LB    JANSSON        9860 EDEVA WAY                   ELK GROVE           CA         95624 SFR              11/1/27 
4027488  4027488LB    SNOW           4349 SOUTH 4800 WEST             WEST VALLEY CITY    UT         84120 SFR              11/1/27 
4028809  4028809LB    TEODOSIO       122 BERTITA STREET               SAN FRANCISCO       CA         94112 SFR              11/1/27 
4031001  4031001LB    MCARTHUR       1375 W 13200 SOUTH               RIVERTON            UT         84065 SFR              11/1/12 
4032488  4032488LB    VARGAS         2731 GLENWOOD PLACE              SOUTHGATE           CA         90280 SFR              11/1/27 
4032801  4032801LB    HATTANDA       2005 N H STREET                  OXNARD              CA         93030 SFR              11/1/27 
4033288  4033288LB    TEA            1284 RIDGE STREET                POCATELLO           ID         83201 SFR              11/1/12 
4033395  4033395LB    WILBUR         186 CHERRY STREET                MIDDLEBORO          MA          2346 SFR              11/1/17 
4033973  4033973LB    LAYNE          6 BIZARRE DRIVE                  NEW CASTLE          DE         19720 SFR              11/1/12 
4034674  4034674LB    HERRERA        240 DUTERROW RD SE               OLYMPIA             WA         98513 SFR              11/1/27 

<CAPTION>

Servicer                               4/1/98                    Current                                     
  Loan    AMRESCO        Last        Scheduled     Current         P&I       Occupancy  Original                               Due  
 Number  Loan Number     Name         Balance       Rate         Payment  LTV  Status     Term  Servicer        Originator     Date 
- -------- ----------      ----        ---------      ----         -------  ---- ------     ----  --------        ----------     ---- 
<S>      <C>          <C>           <C>            <C>         <C>        <C><C>          <C>  <C>           <C>              <C>
3993011  3993011LB    BAPTISTE      109,775.42      9.875        955.19   71 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3994126  3994126LB    HILLMAN        25,826.69     10.99         295.36   65 NON OWNER    180  AMERIQUEST    AMERIQUEST MTG   3/1/98
3994373  3994373LB    BALDWIN        33,797.27      9.125        308.65   39 OWNER        240  AMERIQUEST    AMERIQUEST MTG   3/1/98
3996113  3996113LB    LEON          118,708.55      8.5          915.01   66 OWNER        360  AMERIQUEST    AMERIQUEST MTG   4/1/98
3996840  3996840LB    PFEIFFER       59,699.91     10.5          599.03   80 OWNER        240  AMERIQUEST    AMERIQUEST MTG   3/1/98
3996865  3996865LB    CAPOTORTO      44,938.36     11.25         437.07   52 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3996972  3996972LB    CRIMBCHIN     142,372.99      9.25       1,309.69   58 OWNER        240  AMERIQUEST    AMERIQUEST MTG   3/1/98
3997541  3997541LB    CLARK          49,900.43      9.5          420.43   59 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
3998093  3998093LB    LOPEZ          27,738.52     10.5          309.52   25 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
3999125  3999125LB    REAGAN        185,941.04      9.75       1,773.73   85 OWNER        240  AMERIQUEST    AMERIQUEST MTG   3/1/98
3999547  3999547LB    ANDERSON       38,106.40      9.5          402.03   41 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
4000204  4000204LB    DAUGHERTY      42,540.30      9            436.14   37 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
4000303  4000303LB    MURPHY         46,813.95      9.89         407.78   34 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4000667  4000667LB    TUUHOKO       223,553.98      9.5        1,883.52   70 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4001228  4001228LB    FOGEL          79,599.96     10.5          798.71   74 OWNER        240  AMERIQUEST    AMERIQUEST MTG   3/1/98
4002721  4002721LB    GARRETT        36,184.66      9.75         387.2    85 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
4002945  4002945LB    EVANS         106,963.11      9            862.56   80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4004867  4004867LB    PRIMM          49,903.49      9.65         425.92   38 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4005518  4005518LB    ROSALES        70,876.55      8.75         558.56   80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4007134  4007134LB    HARWOOD        46,646.67      9            376.17   85 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4007555  4007555LB    HERNANDEZ      97,160.94      8.25         731.83   78 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4007662  4007662LB    LONG           50,426.48     10.625        567.72   47 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
4009262  4009262LB    SCHAFFER      165,979.19      7.5        1,164.20   64 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4010120  4010120LB    CROSS          58,145.67      9            526.34   57 OWNER        240  AMERIQUEST    AMERIQUEST MTG   3/1/98
4011771  4011771LB    GOAD           16,239.22     14.5          199      58 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4012258  4012258LB    LOUIS          71,229.60      8.99         729.85   80 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
4012399  4012399LB    GRIFFITH       79,868.13      9            819.53   80 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
4013702  4013702LB    DETTMAN        38,930.08      9.999        342.23   27 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4014130  4014130LB    ANDERSON       85,803.96      8.85         682.72   66 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4014627  4014627LB    CORDOVA        38,600.22      8.25         290.75   35 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4014767  4014767LB    BALL           45,716.89      9.99         442.65   85 OWNER        240  AMERIQUEST    AMERIQUEST MTG   3/1/98
4015061  4015061LB    CANON         106,502.87      8.5          822.74   35 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4016069  4016069LB    BUREMAN       164,734.26     10.5        1,509.32   77 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4016754  4016754LB    FLINT         133,433.77      9.5        1,124.23   65 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4017356  4017356LB    KNIGHT         47,922.66     10.5          439.08   60 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4018263  4018263LB    OHALLORAN     135,699.48      9          1,094.29   80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4018685  4018685LB    WILLIAMS       79,840.69      9.5          672.69   67 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4018867  4018867LB    LIVINGSTON     62,911.11      9.75         541.27   75 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4019303  4019303LB    VILLARIN       49,510.48     10            435.28   80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4019386  4019386LB    ROGANTI       104,826.28      8.99         844.1    72 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4019733  4019733LB    CASTANEDA     149,667.85      8.99       1,205.86   75 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4020970  4020970LB    ARMES          63,384.11     10.875        729.18   85 OWNER        180  AMERIQUEST    AMERIQUEST MTG   4/1/98
4021457  4021457LB    KIRKLEN        76,121.21      8.75         767.58   80 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
4021671  4021671LB    LOYED          64,856.36      9            523.01   53 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4024121  4024121LB    MEDINA         58,884.63      9.75         506.91   74 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4025714  4025714LB    VIALPANDO      59,650.17      9.25         624.72   64 OWNER        180  AMERIQUEST    AMERIQUEST MTG   4/1/98
4026159  4026159LB    EVANS          51,165.59      8.5          446.93   80 OWNER        240  AMERIQUEST    AMERIQUEST MTG   3/1/98
4026761  4026761LB    MOORER        155,689.36      9.5        1,311.74   80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4027132  4027132LB    JANSSON       174,413.70      8.5        1,345.60   67 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4027488  4027488LB    SNOW           83,783.50      8.25         631.07   79 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4028809  4028809LB    TEODOSIO      219,488.10      8.75       1,730.75   80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4031001  4031001LB    MCARTHUR      282,086.43      9.5        2,976.05   73 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
4032488  4032488LB    VARGAS         99,755.06      8.5          768.92   69 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4032801  4032801LB    HATTANDA      122,100.92      7.75         877.25   79 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4033288  4033288LB    TEA            39,596.56      9.65         421.32   80 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
4033395  4033395LB    WILBUR         95,302.12      9.375        887.03   80 OWNER        240  AMERIQUEST    AMERIQUEST MTG   3/1/98
4033973  4033973LB    LAYNE          44,672.49      7.99         431.72   65 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
4034674  4034674LB    HERRERA        66,844.11      8.75         527.09   54 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
</TABLE>

                                 Page 14 of 25

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>       <C>         <C>            <C>                              <C>                 <C>        <C>   <C>              <C>
4036471 4036471LB     QUIROZ         2344 PALMIRA WAY                 SAN JOSE            CA         95122 SFR              11/1/27 
4036604 4036604LB     DEAN           32939 AVENUE E                   YUCAIPA             CA         92399 SFR              11/1/27 
4037586 4037586LB     JACOBS         815 RIDGEWAY                     YUKON               OK         73099 SFR              11/1/17 
4038634 4038634LB     BAIRD          #12 ST. ANDREWS PLACE            EDWARDSVILLE        IL         62025 SFR              11/1/27 
4040283 4040283LB     RICH           P.O. BOX 258 ROUTE 130 EAST      STAHLSTOWN          PA         15687 SFR              11/1/27 
4041638 4041638LB     PAGE           1140 NE 42ND AVENUE              PORTLAND            OR         97213 SFR              11/1/12 
4041836 4041836LB     PERIGO         812 S. WALNUT ST.                KENNETT SQUARE      PA         19348 SFR              11/1/27 
4042255 4042255LB     GOAD           1327 CULVER                      EVANSVILLE          IN         47713 SFR              11/1/27 
4043717 4043717LB     GOAD           604 MONROE AVENUE                EVANSVILLE          IN         47713 SFR              11/1/27 
4043931 4043931LB     BOYLE          2500 S ROOSEVELT ST.             BOISE               ID         83705 SFR              11/1/27 
4046082 4046082LB     FRANCISCO      6135 SYMPHONY LN.                DALLAS              TX         75227 SFR              11/1/27 
4047106 4047106LB     GOAD           1028 ADAMS AVENUE                EVANSVILLE          IN         47713 SFR              11/1/27 
4049136 4049136LB     OSTROM         232 WILLOW STREET                SAUK CENTRE         MN         56378 SFR              11/1/27 
4049920 4049920LB     FELICIANO      7966 HOLLOW MESA CT              SAN DIEGO           CA         92126 SFR              11/1/27 
4051371 4051371LB     BROWN          1029 BROOKDALE DRIVE             NEW HAVEN           IN         46774 SFR              11/1/27 
4052015 4052015LB     GUICE          209 LAKEVIEW DRIVE               STOCKBRIDGE         GA         30281 SFR              11/1/12 
4053245 4053245LB     RIDOLFI        2617 KIRK AVENUE                 BROOMALL            PA         19008 SFR              11/1/17 
4053773 4053773LB     SPEZZANO       2822 GENESEE ST                  YORK                NY         14533 SFR              11/1/27 
4054235 4054235LB     TIGH           1131 R AVENUE                    NATIONAL CITY       CA         91950 SFR              11/1/27 
4054599 4054599LB     CARROLL        1410 FRANKLIN CANYON ROAD        MARTINEZ            CA         94553 SFR              11/1/27 
4054870 4054870LB     HOPPER         637 PARKVIEW DRIVE               LAKE ELSINORE       CA         92530 CONDO            11/1/12 
4056685 4056685LB     ROGERS         20101 SW 112 AVE                 MIAMI               FL         33189 SFR              11/1/27 
4056768 4056768LB     SMITH          43 BROWNS ROAD                   WALDEN              NY         12586 SFR              11/1/27 
4056925 4056925LB     EVANGELISTA    915 BARTRAM AVENUE               COLLINGDALE         PA         19023 SFR              11/1/12 
4058533 4058533LB     VILLAGOMEZ     716 NE 145TH AVENUE              VANCOUVER           WA         98684 SFR              11/1/27 
4059473 4059473LB     NIELSEN        977 CANDLESTAR LOOP              FOUNTAIN            CO         80817 SFR              11/1/27 
4062428 4062428LB     GOODMAN        23228 AVE 178                    PORTERVILLE         CA         93257 SFR              11/1/27 
4062477 4062477LB     SMITH          6847 S ST. LAWRENCE AVENUE       CHICAGO             IL         60637 SFR              11/1/27 
4073227 4073227LB     CARRIER        35 WESTCOTT ROAD                 NORTH SCITUATE      RI          2857 SFR              12/1/27 
4073730 4073730LB     FILKINS        38 ALDRIDGE LANE                 WATSONVILLE         CA         95076 SFR              12/1/27 
4073805 4073805LB     TOMASHESKI     12667 KAZEE ROAD                 LOXAHATCHEE         FL         33470 SFR              11/1/27 
4074118 4074118LB     BARNA          64 CROTON ROAD                   WAYNE               PA         19087 SFR              11/1/27 
4075529 4075529LB     FRAZIER        1894 COLLEEN DRIVE               NORTH HUNTINGTON    PA         15642 SFR              12/1/12 
4077962 4077962LB     AVINGER        9734 RIDDLE ROAD                 JACKSONVILLE        FL         32220 SFR              12/1/17 
4078440 4078440LB     MARLOW         916 GRACE AVENUE                 LAKE CITY           TN         37769 SFR              11/1/27 
4080768 4080768LB     HAUVER         104 SMITHTOWN ROAD               FISHKILL            NY         12524 SFR              11/1/27 
4081006 4081006LB     CHRIST         59 WESTCHESTER DR.               ROCKY POINT         NY         11778 SFR              11/1/27 
4081451 4081451LB     YANT           1021 Briarwood Drive             Nampa               ID         83651 SFR              12/1/27 
4082053 4082053LB     NUFFER         265 JAMES TRAIL                  WEST KINGSTON       RI          2892 SFR              11/1/27 
4085528 4085528LB     SCHAEN         72 RICHARDSON HILL RD            GRISWOLD            CT          6384 SFR              11/1/27 
4088761 4088761LB     CHATMAN        1951 NW 154 ST                   OPA LOCKA           FL         33054 SFR              11/1/17 
4089355 4089355LB     PEARSON        325 QUIET TRAIL DRIVE            DAYTONA BEACH       FL         32124 SFR              11/1/27 
4090320 4090320LB     WHITAKER       1071 AURORA LN                   CORONA              CA         91719 CONDO            11/1/27 
4090387 4090387LB     GOAD           1916 W INDIANA ST                EVANSVILLE          IN         47712 SFR              11/1/27 
4090510 4090510LB     GOAD           1512 W MISSOURI ST               EVANSVILLE          IN         47710 SFR              11/1/27 
4091476 4091476LB     CAMACHO        1015 WEST 2ND STREET             SANTA ANA           CA         92703 SFR              11/1/27 
4093654 4093654LB     HAMILTON       19155 OLD MONTE RIO ROAD         GUERNEVILLE         CA         95446 SFR              12/1/27 
4094678 4094678LB     ROSAS          7562 SAN FELICE CIRCLE           SACRAMENTO          CA         95822 SFR              11/1/27 
4094975 4094975LB     LAWRENCE       14822 S SEELEY AVENUE            HARVEY              IL         60426 SFR              11/1/17 
4096905 4096905LB     DAVIS          3272 BREVARD                     MEMPHIS             TN         38116 SFR              11/1/17 
4097424 4097424LB     BELTRAN        234 SMITH AVE SE                 ALBUQUERQUE         NM         87102 SFR              12/1/12 
4099164 4099164LB     LUNDSTENDT     29140 SW 164 AVENUE              MIAMI               FL         33033 SFR              11/1/27 
4099735 4099735LB     TRUMBORE       255 BUCKINGHAM DR                BETHLEHEM           PA         18017 SFR              12/1/27 
4100681 4100681LB     CASH           2782 14TH STREET                 SAN PABLO           CA         94806 SFR              12/1/27 
4100814 4100814LB     HARRIS         60 TIOGA DR                      GREECE              NY         14616 SFR              11/1/27 
4102448 4102448LB     MCCLAIN        2412 COUNTRY HOLLOW LN.          GARLAND             TX         75040 SFR              11/1/27 
4102539 4102539LB     MCCLAIN        2414 COUNTRY HOLLOW LN           GARLAND             TX         75040 SFR              11/1/27 
4102604 4102604LB     MCCLAIN        2408 COUNTRY HOLLOW LN.          GARLAND             TX         75040 SFR              11/1/27 

<CAPTION>

Servicer                               4/1/98                    Current                              
  Loan    AMRESCO        Last        Scheduled     Current         P&I       Occupancy  Original                               Due  
 Number  Loan Number     Name         Balance       Rate         Payment  LTV  Status     Term  Servicer        Originator     Date 
- -------- ----------      ----        ---------      ----         -------  ---- ------     ----  --------        ----------     ---- 
<S>       <C>         <C>           <C>            <C>         <C>        <C><C>          <C>  <C>           <C>              <C>
4036471 4036471LB     QUIROZ        152,661.21      8.99       1,229.98   75 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4036604 4036604LB     DEAN           80,568.60      8.99         649.16   85 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4037586 4037586LB     JACOBS         45,379.25     10.75         462.95   80 OWNER        240  AMERIQUEST    AMERIQUEST MTG   3/1/98
4038634 4038634LB     BAIRD          55,751.10      9            450.59   80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4040283 4040283LB     RICH           55,902.25     10.125        496.63   57 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4041638 4041638LB     PAGE           29,634.89      8.5          295.43   21 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
4041836 4041836LB     PERIGO        119,699.07      9.5        1,009.03   80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   2/1/98
4042255 4042255LB     GOAD           22,085.38     14.5          270.63   65 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4043717 4043717LB     GOAD           22,085.38     14.5          270.63   65 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4043931 4043931LB     BOYLE          92,615.21      9.5          780.32   80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4046082 4046082LB     FRANCISCO      76,496.19     10            677.93   75 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4047106 4047106LB     GOAD           24,972.46     14.5          306.45   65 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG   4/1/98
4049136 4049136LB     OSTROM         47,893.68      8.99         385.88   80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4049920 4049920LB     FELICIANO     195,629.72      9.75       1,683.95   80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4051371 4051371LB     BROWN          40,730.68     10.25         365.61   80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4052015 4052015LB     GUICE          67,194.04      8.25         659.7    80 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
4053245 4053245LB     RIDOLFI        53,711.95     10            521.12   33 OWNER        240  AMERIQUEST    AMERIQUEST MTG   3/1/98
4053773 4053773LB     SPEZZANO       72,854.84      9.5          613.83   69 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4054235 4054235LB     TIGH           60,777.49      9.25         501.84   51 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4054599 4054599LB     CARROLL        89,820.81      9.5          756.77   56 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4054870 4054870LB     HOPPER         24,755.47      9.99         268.5    56 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
4056685 4056685LB     ROGERS         91,578.47     10            807.37   80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4056768 4056768LB     SMITH         147,000.42      8          1,081.57   76 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4056925 4056925LB     EVANGELISTA    44,475.25      9.5          469.91   45 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
4058533 4058533LB     VILLAGOMEZ    122,171.91      9.99       1,073.25   80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4059473 4059473LB     NIELSEN        98,987.30      9.175        810.71   80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4062428 4062428LB     GOODMAN       103,770.18      9            836.81   80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4062477 4062477LB     SMITH          47,492.75      9.5          400.25   70 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4073227 4073227LB     CARRIER       116,806.83      9            941.41   71 OWNER        360  AMERIQUEST    AMERIQUEST MTG   4/1/98
4073730 4073730LB     FILKINS        64,862.40      9.99         569.95   27 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4073805 4073805LB     TOMASHESKI    175,716.51     10.5        1,609.95   80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4074118 4074118LB     BARNA         187,126.66      9.5        1,576.61   78 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4075529 4075529LB     FRAZIER        54,392.18      8.5          541.61   53 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
4077962 4077962LB     AVINGER        43,317.56      9.6          408.33   75 OWNER        240  AMERIQUEST    AMERIQUEST MTG   3/1/98
4078440 4078440LB     MARLOW         47,383.64      8.5          365.24   79 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4080768 4080768LB     HAUVER         48,903.45      9.55         413.81   70 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4081006 4081006LB     CHRIST         69,837.10      8.75         550.7    47 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4081451 4081451LB     YANT           59,910.74      9.5          504.52   71 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4082053 4082053LB     NUFFER        111,080.33      9.5          936.3    85 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4085528 4085528LB     SCHAEN         61,383.82      9.75         528.38   75 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4088761 4088761LB     CHATMAN        41,838.79     12.5          477.18   60 OWNER        240  AMERIQUEST    AMERIQUEST MTG   3/1/98
4089355 4089355LB     PEARSON        53,886.70      9.25         444.25   30 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4090320 4090320LB     WHITAKER       69,790.21      7.5          489.46   45 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4090387 4090387LB     GOAD           25,982.80     14.5          318.39   65 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4090510 4090510LB     GOAD           24,033.05     14.5          294.51   65 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4091476 4091476LB     CAMACHO        87,007.00      9.125        711.93   70 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4093654 4093654LB     HAMILTON       24,968.26     10.25         224.03   19 OWNER        360  AMERIQUEST    AMERIQUEST MTG   4/1/98
4094678 4094678LB     ROSAS          63,608.83      8.99         512.49   85 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4094975 4094975LB     LAWRENCE       37,657.01     13            442.86   60 OWNER        240  AMERIQUEST    AMERIQUEST MTG   3/1/98
4096905 4096905LB     DAVIS          50,926.53      9.99         493.76   80 OWNER        240  AMERIQUEST    AMERIQUEST MTG   3/1/98
4097424 4097424LB     BELTRAN        35,746.89     10.5          397.95   55 OWNER        180  AMERIQUEST    AMERIQUEST MTG   3/1/98
4099164 4099164LB     LUNDSTENDT     89,756.01      8            660.39   74 OWNER        360  AMERIQUEST    AMERIQUEST MTG   4/1/98
4099735 4099735LB     TRUMBORE       53,002.79      8.5          408.3    35 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4100681 4100681LB     CASH           61,907.78      9.5          521.33   59 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4100814 4100814LB     HARRIS         98,223.29      9.99         862.81   80 OWNER        360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4102448 4102448LB     MCCLAIN        50,196.75      8.5          386.92   79 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4102539 4102539LB     MCCLAIN        49,458.56      8.5          381.23   74 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG   3/1/98
4102604 4102604LB     MCCLAIN        45,029.44      8.5          347.09   74 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG   3/1/98
</TABLE>

                                 Page 15 of 25
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>       <C>         <C>            <C>                              <C>                 <C>        <C>   <C>              <C>
4102703  4102703LB    MCCLAIN        2416 COUNTRY HOLLOW LANE         GARLAND             TX         75040 SFR              11/1/27 
4102786  4102786LB    MCCLAIN        2406 COUNTRY HOLLOW LANE         GARLAND             TX         75040 SFR              11/1/27 
4102828  4102828LB    MCCLAIN        2410 COUNTRY HOLLOW LN.          GARLAND             TX         75040 SFR              11/1/27 
4107108  4107108LB    TRAVIS         1414 WINTHORNE DRIVE             NASHVILLE           TN         37217 SFR              12/1/17 
4109765  4109765LB    SHEPARD        7763 MARALEE WAY                 SACRAMENTO          CA         95824 SFR              12/1/17 
4109872  4109872LB    GOERTZEN       2111 JULIAN AVE                  BAKERSFIELD         CA         93304 SFR              12/1/27 
4135984  4135984LB    MADREY         650 VIRGINIA AVENUE              COTTAGE HILLS       IL         62018 SFR              12/1/12 
7000003  7000003WN    ABRAMSON       2719 NW 26TH STREET              FORT WORTH          TX         76106 SFR               4/1/27 
7000011  7000011WN    ROBERTS        1332 LAUREL BLUFF ROA            KINGSTON            TN         37763 SFR              10/1/27 
7000029  7000029WN    HOWARD         138 NORTH GLENWOOD A             PONTIAC             MI         48342 SFR              11/1/27 
7000037  7000037WN    WILLIAMS       829 WEST LARCH                   MUSKEGON            MI         49441 SFR              11/1/27 
7000060  7000060WN    PENNINGTON     2515 YEAGER STREET               FORT WORTH          TX         76112 SFR              10/1/27 
7000078  7000078WN    JOHNSTON       9424 CLAUDIA                     FORT WORTH          TX         76134 SFR              11/1/27 
7000086  7000086WN    YARBROUGH      4221 FRYER STREET                THE COLONY          TX         75056 SFR              11/1/27 
7000094  7000094WN    SIDES          1645 TANBARK DRIVE               RED BLUFF           CA         96080 SFR              10/1/27 
7000102  7000102WN    GREENE         4533 MCMILLAN ROAD               LAS VEGAS           NV         89121 SFR              11/1/27 
7000110  7000110WN    RICARDO        5072 ANDOVER DR.                 LAS VEGAS           NV         89122 SFR              11/1/27 
7000128  7000128WN    MARTIN         2707 ANZA STREET 1               BAKERSFIELD         CA         93305 SFR              11/1/12 
7000136  7000136WN    GRANILLO       1700 MADISON STREET              BAKERSFIELD         CA         93307 SFR              11/1/12 
7000144  7000144WN    PIERCE         311 DIXON AVENUE                 BAKERSFIELD         CA         93304 SFR              11/1/27 
7000151  7000151WN    FPOTTS         1120 WEST BELLEVIEW              PORTERVILLE         CA         93257 SFR              11/1/27 
7000193  7000193WN    BRANTLEY       21745 NORTH 61 DRIVE             GLENDALE            AZ         85308 OTHER            11/1/27 
7000201  7000201WN    BUTLER         4189 NEWCASTLE ROAD              LAS VEGAS           NV         89103 SFR              10/1/27 
7000219  7000219WN    LOEHR          1800 CLUBHOUSE DRIVE             BULLHEAD CI         AZ         86442 2-4 UNITS         9/1/27 
7000227  7000227WN    O ABEL         4450 ESTADO WAY                  FORT MOHAVE         AZ         86427 OTHER            11/1/27 
7000235  7000235WN    MC KEE         6202 COUNTY ROAD 15              ORLAND              CA         95963 SFR               9/1/27 
7000243  7000243WN    JONES          10895 RED PINE ROAD              RENO                NV         89506 SFR              11/1/27 
7000276  7000276WN    BADDER         1109 SOUTH WEST HILLC            BLUE SPRING         MO         64015 SFR              11/1/27 
7000292  7000292WN    DAVIS          425 NIMROD STREET                NEVADA CITY         CA         95959 SFR              11/1/12 
7000318  7000318WN    BRACE          1207 GERRY WAY                   ROSEVILLE           CA         95661 SFR              11/1/27 
7000326  7000326WN    NAAKE          18 & 20 NORTH STREE              WOODLAND            CA         95695 2-4 UNITS        11/1/27 
7000334  7000334WN    BINNS          3209 ALTAWOOD CT.                SACRAMENTO          CA         95827 SFR              11/1/27 
7000342  7000342WN    KIRKES         341 FLOWER STREET                TURLOCK             CA         95380 SFR              10/1/27 
7000359  7000359WN    LOWE           1144 SALEM DRIVE                 CORONA              CA         91719 SFR              10/1/27 
7000367  7000367WN    DARCY          73-116 KAIMINANI DRIVE           KAILUA-KONA         HI         96740 OTHER            11/1/27 
7000375  7000375WN    LOVE           1724 HAMILTON BOULEVA            JACKSON             MS         39206 SFR              11/1/27 
7000383  7000383WN    KEE            2938 EAST 26TH PLACE             TULSA               OK         74114 SFR              10/1/12 
7000391  7000391WN    HAJJ           10404 TUJUNGA CANYON             TUJUNGA             CA         91042 SFR               8/1/27 
7000417  7000417WN    SMITH          7 GEORGE STREET                  SPRINGVALE          ME         40830 SFR              11/1/27 
7000425  7000425WN    KYLE           851 EAST 141ST STREE             CLEVELAND           OH         44110 SFR               9/1/27 
7000441  7000441WN    CALDWELL       1708 ROUNDROCK TRAIL             MESQUITE            TX         75149 SFR              10/1/27 
7000466  7000466WN    LAWSON         905 N. LUZERNE AVENU             BALTIMORE           MD         21205 SFR              12/1/27 
7000474  7000474WN    STINSON        725 SOUTHWEST 67TH S             OKLAHOMA CI         OK         73139 SFR              10/1/27 
7000490  7000490WN    COLYAR         1208 OBSERVATION DRIV            LAS VEGAS           NV         89128 2-4 UNITS        11/1/27 
7000508  7000508WN    GARCIA         5714 9TH STREET                  SHERIDAN            CA         95681 SFR               9/1/27 
7000524  7000524WN    MATLI          906 NORTH MARKET AVE             WATONGA             OK         73772 SFR              11/1/12 
7000532  7000532WN    BLINOW         18724 SEA TURTLE LANE            BOCA RATON          FL         33498 OTHER            11/1/27 
7000540  7000540WN    PENCE          1720-1 1/2                       SPRINGFEILD         OH         45505 OTHER            11/1/27 
7000557  7000557WN    POWELL         373 HENRIETTA                    CABOT               AR         72023 SFR               9/1/12 
7000565  7000565WN    CHARLESTON     110 NORTHEAST GREEN              HAMMOND             LA         70403 SFR               9/1/27 
7000599  7000599WN    LEWIS          2132 PARK AVENUE                 MCKINLEYVIL         CA         95519 SFR              11/1/27 
7000607  7000607WN    HILDERBRAND    728 EAST LAGUNA AVEN             LATON               CA         93242 SFR              10/1/27 
7000615  7000615WN    PETE           1404 MCFARLAN STREET             EUREKA              CA         95501 SFR              10/1/27 
7000649  7000649WN    WIKKELING      300-30 SOUTH 37TH STREE          RICHMOND            CA         94804 SFR              11/1/27 
7000656  7000656WN    COATS          8105 RED SHERRY LANE             FAIR OAKS           CA         95628 OTHER            11/1/27 
7000664  7000664WN    DURAN          1106 MADSEN DRIVE                RIPON               CA         95366 SFR              11/1/27 
7000680  7000680WN    JONES          2121 51ST AVENUE                 SACRAMENTO          CA         95822 SFR              11/1/27 
7000698  7000698WN    GONZALES       5081 EAST LAUREL AVEN            FRESNO              CA         93727 SFR              11/1/27 

<CAPTION>

Servicer                               4/1/98                    Current                                 
  Loan    AMRESCO        Last        Scheduled     Current         P&I       Occupancy  Original                              Due  
 Number  Loan Number     Name         Balance       Rate         Payment  LTV  Status     Term  Servicer        Originator    Date 
- -------- ----------      ----        ---------      ----         -------  ---- ------     ----  --------        ----------    ---- 
<S>       <C>         <C>           <C>            <C>         <C>        <C><C>          <C>  <C>           <C>             <C>
4102703  4102703LB    MCCLAIN        41,448.24      8.5          319.48   61 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG  3/1/98
4102786  4102786LB    MCCLAIN        47,982.18      8.5          369.85   74 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG  3/1/98
4102828  4102828LB    MCCLAIN        44,590.54      8.5          343.7    74 NON OWNER    360  AMERIQUEST    AMERIQUEST MTG  3/1/98
4107108  4107108LB    TRAVIS         26,877.80      9            242.93   30 OWNER        240  AMERIQUEST    AMERIQUEST MTG  2/1/98
4109765  4109765LB    SHEPARD        83,724.95     11.5          895.81   80 OWNER        240  AMERIQUEST    AMERIQUEST MTG  3/1/98
4109872  4109872LB    GOERTZEN       71,069.67      8.5          547.47   79 OWNER        360  AMERIQUEST    AMERIQUEST MTG  4/1/98
4135984  4135984LB    MADREY         39,269.12     10.75         448.38   77 OWNER        180  AMERIQUEST    AMERIQUEST MTG  3/1/98
7000003  7000003WN    ABRAMSON       25,101.88     11.25         244.76   70 NON OWNER    360  WENDOVER      WMC MORTGAGE    4/1/98
7000011  7000011WN    ROBERTS        65,504.02     11.99         674.27   80 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7000029  7000029WN    HOWARD         32,761.78     11.99         337.14   80 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000037  7000037WN    WILLIAMS       15,733.60     12.5          168.1    75 NON OWNER    360  WENDOVER      WMC MORTGAGE    3/1/98
7000060  7000060WN    PENNINGTON     39,007.30      9.75         335.93   85 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000078  7000078WN    JOHNSTON       31,437.48      9.75         270.61   70 NON OWNER    360  WENDOVER      WMC MORTGAGE    5/1/98
7000086  7000086WN    YARBROUGH      91,010.67      9.75         789.74   80 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7000094  7000094WN    SIDES          61,874.63     10.5          567.14   79 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000102  7000102WN    GREENE         92,849.87     10.49         850.02   75 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000110  7000110WN    RICARDO        64,865.09     10.49         594.1    72 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7000128  7000128WN    MARTIN         45,501.50      9.75         487.31   77 OWNER        180  WENDOVER      WMC MORTGAGE    4/1/98
7000136  7000136WN    GRANILLO       45,540.20      9.75         487.31   71 OWNER        180  WENDOVER      WMC MORTGAGE    4/1/98
7000144  7000144WN    PIERCE         43,888.41     10            386.14   70 NON OWNER    360  WENDOVER      WMC MORTGAGE    4/1/98
7000151  7000151WN    FPOTTS         50,902.80      9.75         438.17   80 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000193  7000193WN    BRANTLEY      220,510.65      8.99       1,776.63   65 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000201  7000201WN    BUTLER        115,874.04      8.5          893.87   75 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7000219  7000219WN    LOEHR          43,880.47      9.99         385.81   80 NON OWNER    360  WENDOVER      WMC MORTGAGE    4/1/98
7000227  7000227WN    O ABEL         50,917.84     10.5          466.52   85 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000235  7000235WN    MC KEE        118,349.61      9.25         976.93   66 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000243  7000243WN    JONES         101,835.70     10.5          933.04   78 OWNER        360  WENDOVER      WMC MORTGAGE    2/1/98
7000276  7000276WN    BADDER         99,637.93      9.5          840.86   75 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7000292  7000292WN    DAVIS         110,748.47      8.5        1,102.91   70 OWNER        180  WENDOVER      WMC MORTGAGE    4/1/98
7000318  7000318WN    BRACE          71,333.60      8.75         562.5    62 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000326  7000326WN    NAAKE          87,343.20     10            767.88   65 NON OWNER    360  WENDOVER      WMC MORTGAGE    3/1/98
7000334  7000334WN    BINNS          94,268.53      8.5          726.63   70 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000342  7000342WN    KIRKES         82,781.47      9.25         682.83   61 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7000359  7000359WN    LOWE          111,174.74     10.5        1,019.02   85 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000367  7000367WN    DARCY          77,852.62      9.75         670.15   47 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000375  7000375WN    LOVE           70,682.77     10.49         647.11   80 OWNER        360  WENDOVER      WMC MORTGAGE    2/1/98
7000383  7000383WN    KEE            75,560.74      9.99         821.61   75 OWNER        180  WENDOVER      WMC MORTGAGE    3/1/98
7000391  7000391WN    HAJJ           89,314.15      9.99         785.65   80 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7000417  7000417WN    SMITH          62,913.70     11.25         611.9    74 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000425  7000425WN    KYLE           45,062.28     11.55         448.84   70 NON OWNER    360  WENDOVER      WMC MORTGAGE    4/1/98
7000441  7000441WN    CALDWELL       51,975.72     11.5          519.91   75 OWNER        360  WENDOVER      WMC MORTGAGE    2/1/98
7000466  7000466WN    LAWSON         31,973.55     12.25         335.33   80 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000474  7000474WN    STINSON        81,869.76     11.99         842.84   78 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000490  7000490WN    COLYAR         53,897.08     10            473.89   75 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000508  7000508WN    GARCIA         70,254.00     11.25         683.77   80 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000524  7000524WN    MATLI          21,568.84     12.49         267.94   75 OWNER        180  WENDOVER      WMC MORTGAGE    2/1/98
7000532  7000532WN    BLINOW        177,934.05     12.99       1,968.75   75 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7000540  7000540WN    PENCE          41,559.07     12.75         452.07   80 NON OWNER    360  WENDOVER      WMC MORTGAGE    3/1/98
7000557  7000557WN    POWELL         82,149.37     10.75         933.75   85 OWNER        180  WENDOVER      WMC MORTGAGE    4/1/98
7000565  7000565WN    CHARLESTON     50,324.65     12.74         547.31   80 NON OWNER    360  WENDOVER      WMC MORTGAGE    2/1/98
7000599  7000599WN    LEWIS          60,366.02      8.99         486.37   61 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000607  7000607WN    HILDERBRAND   109,226.39      9.5          920.74   52 NON OWNER    360  WENDOVER      WMC MORTGAGE    4/1/98
7000615  7000615WN    PETE           69,397.94      8.99         562.74   52 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7000649  7000649WN    WIKKELING     124,553.06      9.5        1,051.07   67 NON OWNER    360  WENDOVER      WMC MORTGAGE    4/1/98
7000656  7000656WN    COATS         103,813.25      9.99         911.91   80 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000664  7000664WN    DURAN          54,861.15      8.75         432.69   52 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7000680  7000680WN    JONES          60,858.07      8.75         479.89   61 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000698  7000698WN    GONZALES       27,914.63      9.5          235.44   47 NON OWNER    360  WENDOVER      WMC MORTGAGE    3/1/98
</TABLE>

                                 Page 16 of 25

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>           <C>            <C>                              <C>                 <C>        <C>   <C>              <C>
7000706  7000706WN     POHAHAU        411 FIFTH AVENUE                 REDWOOD CIT         CA         94063 OTHER            11/1/27
7000730  7000730WN     ALMAGUER       404 SOUTH 4TH AVENUE             AVENAL              CA         93204 SFR              11/1/27
7000748  7000748WN     MACHADO        14567 BOBBIE LANE                PIONEER             CA         95666 SFR              11/1/27
7000755  7000755WN     YARBROUGH      1919 A AVENUE                    MCKINLEYVIL         CA         95519 SFR              11/1/27
7000763  7000763WN     STROM SR       8038 AVALOS WAY                  CITRUS HEIG         CA         95610 SFR              11/1/12
7000771  7000771WN     ANDERSON       5538 SOUTH PRINCETON             CHICAGO             IL         60621 2-4 UNITS        11/1/27
7000821  7000821WN     MOON           206 EAST 51ST STREET             LOS ANGELES         CA         90011 SFR              11/1/27
7000839  7000839WN     BLUM           36-38 HUBBARD STREET             MERIDEN             CT         64510 OTHER            11/1/27
7000847  7000847WN     KAULING        1031 MONTGOMEARY STRE            CARLYLE             IL         62231 SFR              11/1/27
7000854  7000854WN     EVANS          945 VALENCIA STREET              JACKSON             MS         39204 SFR              11/1/27
7000862  7000862WN     COWELL         1600 RIVER DRIVE                 SIOUX CITY          IA         51109 SFR              11/1/27
7000870  7000870WN     CLINE          1335 SOUTH PALISADE              WICHITA             KS         67213 SFR              10/1/27
7000896  7000896WN     FLYNN          2428 EAST UNIVERSITY             MESA                AZ         85213 OTHER            11/1/27
7000912  7000912WN     DEKKER         656 EAST GLADE AVENU             MESA                AZ         85204 SFR              11/1/27
7000920  7000920WN     PANZO          1550 NAVIGATOR DRIVE             LAKE HAVASU         AZ         86404 SFR              11/1/27
7000938  7000938WN     PEROSADICH     802 WEST LOUISIANA S             TUCSON              AZ         85706 SFR              10/1/12
7000953  7000953WN     PLATTEN JR     4709 WEST MERCER LANE            GLENDALE            AZ         85304 SFR              11/1/27
7000995  7000995WN     LARAQUE        3 NORTHEAST 75TH S               MIAMI               FL         33138 2-4 UNITS        11/1/27
7001001  7001001WN     CAVANESS       822 EAST 8TH STREET              RECTOR              AR         72461 SFR              11/1/12
7001019  7001019WN     RUSSELL        2319 WATKINS STREET              PHILADELPHI         PA         19145 SFR              11/1/12
7001068  7001068WN     DAVIDSON       6121 CORAL WAY                   MIAMI               FL         33155 SFR              10/1/27
7001076  7001076WN     SIMPSON JR     1308 OAKMONT PLACE               NORFOLK             VA         23513 SFR              11/1/27
7001084  7001084WN     CAMPBELL       75 ASHLAND AVENUE                EAST ORANGE         NJ         70170 SFR              12/1/27
7001092  7001092WN     AMILL          154 FILLMORE STREET              NEW HAVEN           CT         65130 2-4 UNITS        11/1/27
7001100  7001100WN     LOPEZ          98-100 EAGLE STREET              NEW HAVEN           CT         65110 2-4 UNITS        11/1/27
7001126  7001126WN     KWIAT          752 JEFFERSON STREET             EUGENE              OR         97403 SFR              11/1/27
7001142  7001142WN     WALLACE        2806 LOWELL STREET               EUREKA              CA         95501 SFR              10/1/27
7001159  7001159WN     SMALLWOOD      214 EAST 43RD STREET             TULSA               OK         74106 SFR              11/1/27
7001167  7001167WN     SMALLWOOD      5703 NORTH GARRISON P            TULSA               OK         74126 SFR              11/1/27
7001175  7001175WN     DURANT         17050 PARSONS ROAD               RIVERSIDE           CA         92508 SFR              10/1/27
7001183  7001183WN     BRYDIE         626 NORTH XENOPHON A             TULSA               OK         74127 SFR              11/1/27
7001209  7001209WN     GUZZO JR       2128 NORTH LAWLER                CHICAGO             IL         60655 SFR              11/1/27
7001217  7001217WN     BRIGGS         106 RADISSON ROAD                MARQUETTE H         IL         61554 SFR              11/1/27
7001233  7001233WN     RICE           20 EAST CHARLOTTE S              ECORSE              MI         48229 SFR              11/1/12
7001241  7001241WN     PANEK          520 BIESTERFIELD ROA             ELK GROVE V         IL         60007 2-4 UNITS        11/1/27
7001290  7001290WN     BESKETT        4275 TAYLOR COURT                BRUNSWICK           OH         44212 OTHER            11/1/27
7001316  7001316WN     KEY            8410 S. JEFFREY BLVD             CHICAGO             IL         60617 SFR              11/1/12
7001324  7001324WN     COTTLE         ROUTE 4 BOX 154B                 WARSAW              MO         65355 SFR              11/1/27
7001340  7001340WN     MCALLISTER     3613 LAURENCE ROAD               NORTH POLE          AK         99705 SFR              11/1/27
7001365  7001365WN     GOODCHILD      3117 SOUTH 88TH EAST             TULSA               OK         74145 SFR              11/1/27
7001381  7001381WN     FARLEY         5181 BRUSHWOOD DRIVE             MEMPHIS             TN         38109 SFR              11/1/27
7001399  7001399WN     MOORE          1405 PINE STREET                 SANDPOINT           ID         83864 SFR              10/1/27
7001407  7001407WN     MCINTYRE       2349 HIGHWAY 7 NORTH             CAMDEN              AR         71701 SFR              11/1/12
7001423  7001423WN     VEST           7148 COLE STREET                 HIGHLAND            CA         92346 SFR              11/1/27
7001431  7001431WN     RAI            1904 & 1904 1/2 SOUTH            BAKERSFIELD         CA         93304 2-4 UNITS        11/1/27
7001456  7001456WN     OWENS          4107 CHRISTIE LANE               SAINT JOSEP         MO         64504 OTHER            10/1/27
7001464  7001464WN     ALABI          10703 PEARSALL ROAD              ATASCOSA            TX         78002 SFR              11/1/27
7001472  7001472WN     RAMOS          14168 DYER STREET                LOS ANGELES         CA         91342 SFR              10/1/12
7001480  7001480WN     WELSH JR       1727 BARNARD STREET              SAGINAW             MI         48602 SFR              11/1/27
7001498  7001498WN     FRACCHIA       1629 C STREET                    FRESNO              CA         93706 SFR              10/1/27
7001506  7001506WN     BLURTON        8700 EL PASO PLACE               ANCHORAGE           AK         99515 2-4 UNITS        11/1/27
7001514  7001514WN     KING-ALLEN     15727 BARBEE ST. 04              FONTANA             CA         92336 2-4 UNITS        11/1/27
7001522  7001522WN     ADAMS          303 NORTH VISTA ROAD             SPOKANE             WA         99212 SFR              11/1/27
7001530  7001530WN     ZAMORA         6015 NORTH GALANTO AV            AZUSA               CA         91702 SFR              11/1/27
7001548  7001548WN     WHEELER        21333 JAYHAWK DRIVE              CHUGIAK             AK         99567 SFR              10/1/27
7001563  7001563WN     NEIVILLER      331 NORTH ARDEN BOUL             LOS ANGELES         CA         90004 SFR              11/1/27
7001571  7001571WN     GUERRA         16320 PADDOCK LANE               FORT LAUDER         FL         33326 SFR              11/1/27
7001589  7001589WN     FINNESETH      2469 ASTER DRIVE                 NORTH POLE          AK         99705 SFR              11/1/27

<CAPTION>

Servicer                                4/1/98                    Current                           
  Loan    AMRESCO        Last         Scheduled     Current         P&I       Occupancy  Original                              Due  
 Number  Loan Number     Name          Balance       Rate         Payment  LTV  Status     Term  Servicer        Originator    Date 
- -------- ----------      ----         ---------      ----         -------  ---- ------     ----  --------        ----------    ---- 
<S>      <C>           <C>           <C>            <C>         <C>        <C><C>          <C>  <C>           <C>             <C>
7000706  7000706WN     POHAHAU       242,667.19     11.25       2,360.17   73 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7000730  7000730WN     ALMAGUER       42,344.87     11.5          419.89   80 NON OWNER    360  WENDOVER      WMC MORTGAGE    4/1/98
7000748  7000748WN     MACHADO        88,320.66     10.375        801.29   78 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000755  7000755WN     YARBROUGH      69,874.28      9.99         613.79   74 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000763  7000763WN     STROM SR       99,087.36     10.75       1,120.95   80 OWNER        180  WENDOVER      WMC MORTGAGE    4/1/98
7000771  7000771WN     ANDERSON       41,233.84     11.75         423.96   70 NON OWNER    360  WENDOVER      WMC MORTGAGE    4/1/98
7000821  7000821WN     MOON           76,343.25      9.99         670.78   90 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7000839  7000839WN     BLUM           64,900.76     10.75         606.77   62 NON OWNER    360  WENDOVER      WMC MORTGAGE    4/1/98
7000847  7000847WN     KAULING        70,422.86     11.5          698.66   85 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7000854  7000854WN     EVANS          44,875.61     12.25         470.77   75 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000862  7000862WN     COWELL         71,877.64     10.25         645.2    70 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7000870  7000870WN     CLINE          38,725.59     10.75         362.2    80 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000896  7000896WN     FLYNN          26,554.78     10.25         238.37   70 NON OWNER    360  WENDOVER      WMC MORTGAGE    4/1/98
7000912  7000912WN     DEKKER         67,890.45     10.5          622.03   80 OWNER        360  WENDOVER      WMC MORTGAGE    2/1/98
7000920  7000920WN     PANZO          41,176.07      9.999        361.97   75 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7000938  7000938WN     PEROSADICH     22,730.33     10.5          254.25   38 OWNER        180  WENDOVER      WMC MORTGAGE    3/1/98
7000953  7000953WN     PLATTEN JR     39,625.38      9.99         350.74   45 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7000995  7000995WN     LARAQUE        20,223.68     11.49         200.38   75 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7001001  7001001WN     CAVANESS       38,000.87     11.74         453.52   80 OWNER        180  WENDOVER      WMC MORTGAGE    3/1/98
7001019  7001019WN     RUSSELL        19,645.03      9.74         211.76   65 OWNER        180  WENDOVER      WMC MORTGAGE    4/1/98
7001068  7001068WN     DAVIDSON       84,309.94     10            741.55   65 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7001076  7001076WN     SIMPSON JR     64,715.96     11.5          641.71   80 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7001084  7001084WN     CAMPBELL       89,917.53     11.75         908.47   73 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7001092  7001092WN     AMILL          44,061.24     13.25         496.47   70 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7001100  7001100WN     LOPEZ          47,145.14     12            485.51   80 OWNER        360  WENDOVER      WMC MORTGAGE    2/1/98
7001126  7001126WN     KWIAT          84,821.67      9.25         699.28   57 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7001142  7001142WN     WALLACE        88,799.83     10            781.04   85 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7001159  7001159WN     SMALLWOOD      25,868.51     11.8          262.44   70 NON OWNER    360  WENDOVER      WMC MORTGAGE    5/1/98
7001167  7001167WN     SMALLWOOD      22,372.79     11.8          226.97   70 NON OWNER    360  WENDOVER      WMC MORTGAGE    5/1/98
7001175  7001175WN     DURANT         98,776.84      9.99         868.07   59 NON OWNER    360  WENDOVER      WMC MORTGAGE    4/1/98
7001183  7001183WN     BRYDIE         53,831.84     10.99         513      90 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7001209  7001209WN     GUZZO JR      109,457.87     11.5        1,085.36   80 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7001217  7001217WN     BRIGGS         29,126.48     10.99         278.34   60 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7001233  7001233WN     RICE           27,755.96     11.25         322.66   76 NON OWNER    180  WENDOVER      WMC MORTGAGE    4/1/98
7001241  7001241WN     PANEK          59,884.38     11            571.4    65 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7001290  7001290WN     BESKETT        89,501.34      8.99         721.11   65 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7001316  7001316WN     KEY            51,606.18     12.75         649.4    65 OWNER        180  WENDOVER      WMC MORTGAGE    4/1/98
7001324  7001324WN     COTTLE         34,662.62      9.99         304.49   75 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7001340  7001340WN     MCALLISTER    114,171.72     11.5        1,132.11   80 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7001365  7001365WN     GOODCHILD      43,126.59     10.25         387.12   55 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7001381  7001381WN     FARLEY         58,431.87     11.99         601.29   90 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7001399  7001399WN     MOORE          73,659.74     10.99         704.17   80 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7001407  7001407WN     MCINTYRE       22,299.11     10.99         255.6    75 OWNER        180  WENDOVER      WMC MORTGAGE    4/1/98
7001423  7001423WN     VEST           75,895.91     11.25         738.16   80 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7001431  7001431WN     RAI            37,445.74     11            357.13   77 NON OWNER    360  WENDOVER      WMC MORTGAGE    3/1/98
7001456  7001456WN     OWENS          71,027.79     11.5          705.59   75 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7001464  7001464WN     ALABI          32,664.02     12.25         342.67   78 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7001472  7001472WN     RAMOS         102,665.71      9.5        1,086.00   80 OWNER        180  WENDOVER      WMC MORTGAGE    3/1/98
7001480  7001480WN     WELSH JR       39,137.38     11.75         395.69   80 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7001498  7001498WN     FRACCHIA       46,710.10     10.74         436.52   80 NON OWNER    360  WENDOVER      WMC MORTGAGE    4/1/98
7001506  7001506WN     BLURTON        99,876.64     11.75       1,009.41   80 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7001514  7001514WN     KING-ALLEN     73,854.06     11.5          732.33   85 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7001522  7001522WN     ADAMS          67,094.68     10.75         627.3    80 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7001530  7001530WN     ZAMORA        111,798.87      9.99         982.06   80 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7001548  7001548WN     WHEELER       121,752.78     10.49       1,115.07   62 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7001563  7001563WN     NEIVILLER     271,511.58      9.99       2,384.99   85 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
7001571  7001571WN     GUERRA        191,690.77     10.5        1,756.30   77 OWNER        360  WENDOVER      WMC MORTGAGE    3/1/98
7001589  7001589WN     FINNESETH     107,301.29     11.25       1,043.63   70 OWNER        360  WENDOVER      WMC MORTGAGE    4/1/98
</TABLE>

                                 Page 17 of 25

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>           <C>            <C>                              <C>                 <C>        <C>   <C>              <C>
7001605  7001605WN     DISON          1303 POPLAR STREET               SMACKOVER           AR         71762 SFR              11/1/27
7001613  7001613WN     ROLEN          3543 MCCORMICK DRIVE             SAN ANTONIO         TX         78247 SFR              11/1/27
7001621  7001621WN     GRANT          36408 52ND AVENUE SOUT           AUBURN              WA         98001 SFR              11/1/27
7001688  7001688WN     GONZALES       242 F STREET                     SAN ANTONIO         TX         78210 SFR              11/1/27
7001696  7001696WN     MALDONADO      259 EAST WASHINGTON              PASADENA            CA         91104 SFR              11/1/27
7001712  7001712WN     SYKORA         6408 WOODWARD AVENUE             HAMMOND             IN         46324 SFR              11/1/27
7001753  7001753WN     JENKINS III    15518 STOUT                      DETROIT             MI         48223 SFR              11/1/27
7001761  7001761WN     DUNN           885 LA CANADA VERDUG             PASADENA            CA         91103 SFR              11/1/27
7001779  7001779WN     GUZMAN         4070 WEST 10TH COURT             HIALEAH             FL         33012 SFR              11/1/12
7001795  7001795WN     MENDEZ         3695 NW 19TH TERRACE             MIAMI               FL         33125 SFR              11/1/27
7001811  7001811WN     LECLERO-WALK   504 HAMLET DRIVE                 PORT ORANGE         FL         32127 SFR              11/1/27
7001837  7001837WN     GANESH         92-94 ROSE STREET                WATERBURY           CT         67040 OTHER            11/1/27
7001845  7001845WN     VANHORN        8163 MURRAY HILL DRIV            FORT WASHIN         MD         20744 SFR              11/1/27
7001852  7001852WN     LAVIOLA        1221 ELLSWORTH STREET            PHILADELPHI         PA         19147 OTHER            11/1/27
7001860  7001860WN     TILMON         2815 SABINE DRIVE                ALEXANDRIA          LA         71303 SFR              11/1/27
7001878  7001878WN     BLALOCK        10201 NORTH CHISHOLM             EDMOND              OK         73003 SFR              11/1/27
7001886  7001886WN     HOWELL         ROUTE 1 BOX 73                   BINGER              OK         73009 SFR              11/1/27
7001894  7001894WN     BURT           689 EAST 102ND STREE             CLEVELAND           OH         44108 SFR              11/1/27
7001902  7001902WN     PASLEY         6705 BLISS AVENUE                CLEVELAND           OH         44103 SFR              11/1/27
7001944  7001944WN     SEVERSON       3527 NELSON AVENUE               JEWELL              IA         50130 SFR              11/1/27
7001951  7001951WN     CLEMENT        3705 V STREET                    VANCOUVER           WA         98663 SFR              11/1/27
7001969  7001969WN     HOLT JR        3400 NORTHWEST GREEN             TOPEKA              KS         66618 SFR              11/1/12
7001977  7001977WN     HAZZARD        807 WEST LIVEOAK STR             ALTUS               OK         73521 SFR              11/1/27
7001993  7001993WN     REICH          403 WALNUT STREET                WALNUT              IA         51577 SFR              11/1/27
7002009  7002009WN     LOPEZ          608 TROY BOULEVARD               WEST PALM B         FL         33409 SFR              11/1/27
7002033  7002033WN     KOENIG JR      306-30 SUMMER AVENUE             NEWARK              NJ         71040 SFR              11/1/12
7002041  7002041WN     WANNAMAKER     323 CRANE CREEK ROAD             COLUMBIA            SC         29203 SFR              10/1/27
7002066  7002066WN     HENNESSEE      21 JUSTIN LANE                   CROSSVILLE          TN         38558 SFR              11/1/27
7002074  7002074WN     JOHNSON        2107 BUCHANAN STREET             NASHVILLE           TN         37208 SFR              11/1/27
7002082  7002082WN     POPE           478 HIGH ROCK SHORES             LEXINGTON           NC         27292 SFR              11/1/12
7002090  7002090WN     WILSON-EPSON   1311 MIRABEAU AVENUE             NEW ORLEANS         LA         70122 SFR              11/1/27
7002108  7002108WN     JOHNSON JR     621 EAST COLLEGE                 TROY                MO         63379 SFR              11/1/12
7002124  7002124WN     MOWERY         ROUTE 1 BOX 19                   STRANG              OK         74367 SFR              11/1/27
7002140  7002140WN     HOLSHOUSER     2914 PRIMROSE AVENUE             FORT WORTH          TX         76111 SFR              11/1/27
7002157  7002157WN     BOWDEN         102 TUXEDO LANE                  NEWTON              MS         39345 SFR              11/1/27
7002165  7002165WN     FAITH          ROUTE 2                          VINITA              OK         74301 SFR              11/1/27
7002173  7002173WN     KNIGHT         2014 NORTHWEST 24TH              LAWTON              OK         73505 SFR              11/1/27
7002181  7002181WN     HAYNES         3790 TRAVIS BOULEVARD            MACON               GA         31206 SFR              11/1/27
7002199  7002199WN     VOLPE          4224 NOMA PLACE                  DIAMONDHEAD         MS         39525 SFR              11/1/27
7002215  7002215WN     HILD           216 YORKSHIRE DRIVE              HOT SPRINGS         AR         71913 SFR              11/1/27
7002223  7002223WN     DENTSHELVY     276 OLD HARRISTON RO             FAYETTE             MS         39069 SFR              11/1/27
7002231  7002231WN     BURROWS II     5248 NORTH H STREET              SAN BERNARD         CA         92407 SFR              10/1/27
7002249  7002249WN     GILBERT        1280 MOHAVE DRIVE 8              BULLHEAD CI         AZ         86442 SFR              11/1/27
7002256  7002256WN     NETZKY         3471 TWILIGHT STAR DR            LAS VEGAS           NV         89117 OTHER            11/1/27
7002264  7002264WN     LEMASTUS       2112 BRYCE LANE                  LAKE HAVASU         AZ         86406 SFR              11/1/27
7002280  7002280WN     CHAPPELEAR     4607 MONTEREY CIRCLE             LAS VEGAS           NV         89109 2-4 UNITS        11/1/27
7002298  7002298WN     PRENDEZ        7149 SOUTH AVENIDA SO            TUCSON              AZ         85746 SFR              11/1/27
7002306  7002306WN     MILLER         6049 EAST CALLE SILVO            TUCSON              AZ         85711 SFR              11/1/12
7002314  7002314WN     PHELPS         180 SURF LANE                    LAS VEGAS           NV         89110 SFR              11/1/27
7002322  7002322WN     BAKER          1850 CHIP DRIVE                  LAKE HAVASU         AZ         86406 SFR              11/1/27
7002330  7002330WN     JOVANOVICH     880 EAST ELDORADO LA             LAS VEGAS           NV         89107 SFR              11/1/27
7002348  7002348WN     THOMAS         2531 NOBLE STREET                NORTH LAS V         NV         89030 SFR              11/1/12
7002355  7002355WN     GOBEA          3665 SOUTH BELMAR AVE            TUCSON              AZ         85713 SFR              11/1/27
7002363  7002363WN     GOBEA          3667 SOUTH BELMAR AVE            TUCSON              AZ         85713 SFR              11/1/27
7002371  7002371WN     SMITH          1636 WEST 10TH STREET            ANDERSON            IN         46016 SFR              11/1/27
7002397  7002397WN     HAVENHILL      305 WALNUT STREET                PRINCETON           IA         52768 SFR              11/1/12
7002421  7002421WN     RUTTER         406 NORTH HIGH STREE             NEW LEXINGT         OH         43764 SFR              11/1/27
7002439  7002439WN     GALLAGHER      348 BRIARCLIFF ROAD              BOLINGBROOK         IL         60440 SFR              11/1/27

<CAPTION>

Servicer                                  4/1/98                    Current                  
  Loan    AMRESCO        Last           Scheduled     Current         P&I       Occupancy  Original                            Due  
 Number  Loan Number     Name            Balance       Rate         Payment  LTV  Status     Term  Servicer      Originator    Date 
- -------- ----------      ----           ---------      ----         -------  ---- ------     ----  --------      ----------    ---- 
<S>      <C>           <C>             <C>            <C>         <C>        <C><C>          <C>  <C>         <C>             <C>
7001605  7001605WN     DISON            31,953.60     10.99         304.51   80 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7001613  7001613WN     ROLEN            81,898.11     12            843.47   76 OWNER        360  WENDOVER    WMC MORTGAGE    3/1/98
7001621  7001621WN     GRANT           108,563.64     10.75       1,015.63   80 OWNER        360  WENDOVER    WMC MORTGAGE    3/1/98
7001688  7001688WN     GONZALES         32,169.98     12.99         355.95   70 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7001696  7001696WN     MALDONADO        98,620.51      9.99         866.32   80 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7001712  7001712WN     SYKORA           51,884.86      8.99         418.03   65 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7001753  7001753WN     JENKINS III      72,082.76     12.99         797.56   65 OWNER        360  WENDOVER    WMC MORTGAGE    3/1/98
7001761  7001761WN     DUNN             69,837.10      8.75         550.7    46 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7001779  7001779WN     GUZMAN           45,094.16     11            517.16   65 OWNER        180  WENDOVER    WMC MORTGAGE    4/1/98
7001795  7001795WN     MENDEZ          100,652.09     12.99       1,113.71   65 OWNER        360  WENDOVER    WMC MORTGAGE    3/1/98
7001811  7001811WN     LECLERO-WALK     69,938.46     13.25         788.05   70 OWNER        360  WENDOVER    WMC MORTGAGE    2/1/98
7001837  7001837WN     GANESH           44,880.82     12.75         488.2    75 NON OWNER    360  WENDOVER    WMC MORTGAGE    4/1/98
7001845  7001845WN     VANHORN         110,847.94     11.25       1,078.11   75 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7001852  7001852WN     LAVIOLA          40,655.24     12.25         426.5    74 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7001860  7001860WN     TILMON           37,760.67     12.5          403.43   90 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7001878  7001878WN     BLALOCK          63,884.22      9.99         561.18   80 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7001886  7001886WN     HOWELL           43,834.10     12.99         485.01   65 OWNER        360  WENDOVER    WMC MORTGAGE    3/1/98
7001894  7001894WN     BURT             63,670.72     11.75         643.5    75 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7001902  7001902WN     PASLEY           35,947.80     10.99         342.57   75 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7001944  7001944WN     SEVERSON         26,960.85     10.99         256.93   46 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7001951  7001951WN     CLEMENT          69,759.35     10.75         652.19   80 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7001969  7001969WN     HOLT JR          28,558.39     11.75         341.03   80 OWNER        180  WENDOVER    WMC MORTGAGE    4/1/98
7001977  7001977WN     HAZZARD          20,227.74     12.25         212.2    75 NON OWNER    360  WENDOVER    WMC MORTGAGE    4/1/98
7001993  7001993WN     REICH            41,601.01     12.5          444.52   85 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7002009  7002009WN     LOPEZ            61,934.51     12.5          661.7    80 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7002033  7002033WN     KOENIG JR        61,138.64     10.5          682.59   65 NON OWNER    180  WENDOVER    WMC MORTGAGE    3/1/98
7002041  7002041WN     WANNAMAKER       37,747.76     12.25         396.11   70 NON OWNER    360  WENDOVER    WMC MORTGAGE    2/1/98
7002066  7002066WN     HENNESSEE        47,944.08     11.99         493.37   80 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7002074  7002074WN     JOHNSON          40,724.29     11.25         396.28   80 NON OWNER    360  WENDOVER    WMC MORTGAGE    4/1/98
7002082  7002082WN     POPE             26,222.94      9.25         272.74   41 OWNER        180  WENDOVER    WMC MORTGAGE    3/1/98
7002090  7002090WN     WILSON-EPSON     69,909.19     11.5          693.21   74 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7002108  7002108WN     JOHNSON JR       46,838.18     11.25         544.49   75 OWNER        180  WENDOVER    WMC MORTGAGE    4/1/98
7002124  7002124WN     MOWERY           55,914.54     10.75         522.75   70 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7002140  7002140WN     HOLSHOUSER       29,238.79     10.5          267.9    50 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7002157  7002157WN     BOWDEN           27,959.41     10.99         266.44   80 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7002165  7002165WN     FAITH            39,962.06     12.95         440.92   78 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7002173  7002173WN     KNIGHT           51,686.30     11.74         521.98   75 NON OWNER    360  WENDOVER    WMC MORTGAGE    4/1/98
7002181  7002181WN     HAYNES           31,713.96     10.99         302.22   80 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7002199  7002199WN     VOLPE            43,403.68      8.99         349.7    54 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7002215  7002215WN     HILD             55,909.59     10.49         511.84   28 OWNER        360  WENDOVER    WMC MORTGAGE    3/1/98
7002223  7002223WN     DENTSHELVY       22,964.86     10.75         214.71   59 OWNER        360  WENDOVER    WMC MORTGAGE    3/1/98
7002231  7002231WN     BURROWS II       75,788.85      8.99         610.97   80 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7002249  7002249WN     GILBERT          35,013.00      8.75         279.28   65 NON OWNER    360  WENDOVER    WMC MORTGAGE    4/1/98
7002256  7002256WN     NETZKY           74,999.13      9.25         619.07   70 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7002264  7002264WN     LEMASTUS         88,822.38      9.49         747.72   80 NON OWNER    360  WENDOVER    WMC MORTGAGE    3/1/98
7002280  7002280WN     CHAPPELEAR       46,436.30     11.25         451.64   72 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7002298  7002298WN     PRENDEZ          67,906.86     11.25         660.46   85 OWNER        360  WENDOVER    WMC MORTGAGE    4/1/98
7002306  7002306WN     MILLER           38,609.97     10.49         430.87   59 OWNER        180  WENDOVER    WMC MORTGAGE    4/1/98
7002314  7002314WN     PHELPS           53,929.96     11.5          534.76   76 NON OWNER    360  WENDOVER    WMC MORTGAGE    3/1/98
7002322  7002322WN     BAKER            91,834.79      9.99         806.69   80 NON OWNER    360  WENDOVER    WMC MORTGAGE    4/1/98
7002330  7002330WN     JOVANOVICH       64,875.06      9.75         558.46   46 OWNER        360  WENDOVER    WMC MORTGAGE    3/1/98
7002348  7002348WN     THOMAS           67,789.35     10.99         777.01   90 OWNER        180  WENDOVER    WMC MORTGAGE    4/1/98
7002355  7002355WN     GOBEA            30,535.80      9.25         251.74   60 NON OWNER    360  WENDOVER    WMC MORTGAGE    5/1/98
7002363  7002363WN     GOBEA            29,338.31      9.25         241.87   60 NON OWNER    360  WENDOVER    WMC MORTGAGE    5/1/98
7002371  7002371WN     SMITH            37,532.30     11.74         379.25   80 NON OWNER    360  WENDOVER    WMC MORTGAGE    4/1/98
7002397  7002397WN     HAVENHILL        82,474.84     11.25         958.76   80 OWNER        180  WENDOVER    WMC MORTGAGE    4/1/98
7002421  7002421WN     RUTTER           45,822.97     12.75         498.8    85 OWNER        360  WENDOVER    WMC MORTGAGE    3/1/98
7002439  7002439WN     GALLAGHER        57,884.25      9.49         487.28   47 OWNER        360  WENDOVER    WMC MORTGAGE    3/1/98
</TABLE>

                                 Page 18 of 25

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>           <C>            <C>                              <C>                 <C>        <C>   <C>              <C>
7002470  7002470WN     ALFORTE        18731 LOCHERIE AVENUE            EUCLID              OH         44119 SFR              11/1/27
7002488  7002488WN     ALLEN          403 WEST LOWER STREE             ABINGDON            IL         61410 SFR              11/1/27
7002496  7002496WN     BRAKE SR       921 NORTH 2ND STREET             SPRINGFIELD         IL         62702 SFR              11/1/27
7002520  7002520WN     DEARING        1432 BEECHAM STREET              TOLEDO              OH         43609 SFR              11/1/27
7002538  7002538WN     SLEEP          1433 MORRIS AVENUE               LINCOLN PAR         MI         48146 SFR              11/1/12
7002546  7002546WN     NOSAN          110 EAST 211 STREET              EUCLID              OH         44123 SFR              11/1/27
7002561  7002561WN     TWARDOWSKI     404 EAST 3RD SREET               HIBBING             MN         55746 SFR              11/1/27
7002579  7002579WN     EXLINE         676 EAST 3RD STREET              SALEM               OH         44460 SFR              11/1/27
7002587  7002587WN     FARMER         8319 SOUTH GIRDLE ROA            MESPOTAMIA          OH         44439 SFR              11/1/12
7002611  7002611WN     HENDERSON      2846 STONECREEK COURT            COLUMBUS            OH         43224 2-4 UNITS        11/1/27
7002629  7002629WN     NICHOLS        806 3RD STREET                   BUFFALO             IA         52728 SFR              11/1/27
7002637  7002637WN     CARTER         3202 LESLIE STREET               DETROIT             MI         48238 SFR              11/1/27
7002645  7002645WN     NOBLE          1939 NORTH ST. LOUIS             CHICAGO             IL         60647 2-4 UNITS        11/1/27
7002660  7002660WN     LEWIS          19782 SCHAFER HIGHWAY            DETROIT             MI         48235 SFR              11/1/27
7002686  7002686WN     FERNANDEZ      14515 SW 272ND STREET            HOMESTEAD           FL         33032 SFR              10/1/27
7002710  7002710WN     THREET         724 DAVIDSON ROAD                CROSSVILLE          TN         38555 SFR              11/1/27
7002736  7002736WN     WILLIAMS       5743 REX MILL DRIVE              MORROW              GA         30273 SFR              11/1/27
7002744  7002744WN     MITCHELL       2510-2 CHESTNUT STREET           COLUMBIA            SC         29204 2-4 UNITS        11/1/27
7002751  7002751WN     CRESPO         515-51 NW 95TH TERRACE           MIAMI               FL         33150 2-4 UNITS        11/1/27
7002769  7002769WN     SCOTT          5431 CHESTER AVENUE              PHILADELPHI         PA         19143 SFR              11/1/27
7002785  7002785WN     KIRKPATRICK    1025 LITTLETON RANCH             CASTALIAN S         TN         37031 SFR              11/1/27
7002793  7002793WN     BELL JR        9458 ADLER AVENUE                ST. LOUIS           MO         63137 SFR              11/1/27
7002835  7002835WN     ANDERSON       3005 NORTHEAST 23RD              OKLAHOMA            OK         73121 SFR              10/1/27
7002843  7002843WN     MARTIN         6334 FITZHUGH DRIVE              CORPUS CHRI         TX         78414 SFR              11/1/27
7002868  7002868WN     WILLIAMS       1060 CROOKED CREEK RO            GREENWOOD           AR         72936 SFR              11/1/27
7002876  7002876WN     DUNN           7600 MADISON AVENUE              BILOXI              MS         39532 SFR              11/1/27
7002892  7002892WN     WHEELER        3040 BARROWS AVENUE S            BRAINERD            MN         56401 SFR              11/1/27
7002900  7002900WN     WATSON         2111 13TH STREET                 PASCAGOULA          MS         39567 SFR              11/1/27
7002926  7002926WN     CALLISON       1603 SOUTH ADAMS STRE            FORT WORTH          TX         76104 SFR              11/1/27
7002934  7002934WN     DICKERSON JR   503 LAWRENCE STREET              LAKE CHARLE         LA         70601 SFR              11/1/27
7003817  7003817WN     RANDALL        RT. 4 BOX 651-B ALDE             LAFOLETTE           TN         37766 SFR              11/1/12
7003825  7003825WN     COPELAND       212 N. DRIVER STREET             DURHAM              NC         27703 SFR              11/1/27
7003833  7003833WN     KIDD           2910 CHELSEA ROAD                WEST POINT          VA         23181 SFR              11/1/27
7003841  7003841WN     THOMPSON       24-26 HENRY AVENUE               NEWBURGH            NY         12550 2-4 UNITS        11/1/27
7003874  7003874WN     SALG           203 R HIGGANUM ROAD              DURHAM              CT         64220 SFR              11/1/27
7003890  7003890WN     GRANT          602 CARDINAL DRIVE               BOX ELDER           SD         57719 SFR              11/1/27
7003908  7003908WN     RAFFAELLI      2229 WALTONIA DRIVE              MONTROSE            CA         91020 SFR              11/1/27
7003916  7003916WN     HARPER SR      3523 WEST 109TH STREE            INGLEWOOD           CA         90303 SFR              11/1/27
7003924  7003924WN     THOMAS         1112 EAST CANAL STREE            PICAYUNE            MS         39466 SFR              11/1/12
7003932  7003932WN     KNUDSON        45 SOUTH 2000 EAST               SAINT GEORG         UT         84790 SFR              11/1/27
7003940  7003940WN     DUNN           735 MANZANITA AVENUE             PASADENA            CA         91103 2-4 UNITS        11/1/27
7003957  7003957WN     HURLEY         23713 SOUTHEAST 246TH            MAPLE VALLE         WA         98038 SFR              11/1/27
7003965  7003965WN     WALLACE        1014 CHERRY STREET               NORTH TOWN          PA         19401 SFR              11/1/27
7003973  7003973WN     DAVIS          6222                             LOS ANGELES         CA         90001 OTHER            11/1/27
7003999  7003999WN     REED           504 EAST ELK STREET              HOOPER              NE         68031 SFR              11/1/27
7004005  7004005WN     DAVIS          2549 NORTH BROADWAY              GREENVILLE          MS         38703 SFR              11/1/12
7004021  7004021WN     PERCLE         15717 BIG RIDGE ROAD             BILOXI              MS         39532 SFR              11/1/27
7004039  7004039WN     HARMON         18-19- NORTHLAND COURT           ABILENE             TX         79601 OTHER            11/1/27
7004047  7004047WN     MILLER         11572 HICKORY FLAT ROA           HIGHLAND            IL         62249 SFR              11/1/27
7004054  7004054WN     MILLER         16721 DYER ROAD                  LITTLE ROCK         AR         72212 SFR              11/1/27
7004070  7004070WN     JOYCE          6303 ELDER GROVE DRIV            DALLAS              TX         75232 SFR              11/1/12
7004088  7004088WN     HOWZE          2230 FRENCHMAN STREET            NEW ORLEANS         LA         70119 SFR              11/1/27
7004096  7004096WN     WELCOME        1002 WEST THIRD STREE            CROWLEY             LA         70526 SFR              10/1/27
7004120  7004120WN     WISE           783 NORTH BERTELSON              EUGENE              OR         97402 SFR              11/1/27
7004146  7004146WN     SAMS           501 PLUMB                        WARSAW              MO         65355 2-4 UNITS        11/1/27
7004153  7004153WN     SEID           649 WEST HIGH STREET             SPRINGFIELD         MO         65803 SFR              11/1/27
7004161  7004161WN     BARBER JR      2014 HUFFINE MILL ROA            MCLEANSVILL         NC         27301 SFR              11/1/27
7004187  7004187WN     WILSON         415 WEST MUSKOGEE                CHOUTEAU            OK         74337 SFR              11/1/27

<CAPTION>

Servicer                                 4/1/98                    Current                          
  Loan    AMRESCO        Last          Scheduled     Current         P&I       Occupancy  Original                             Due  
 Number  Loan Number     Name           Balance       Rate         Payment  LTV  Status     Term  Servicer        Originator   Date 
- -------- ----------      ----          ---------      ----         -------  ---- ------     ----  --------        ----------   ---- 
<S>      <C>           <C>            <C>            <C>         <C>        <C><C>          <C>  <C>           <C>            <C>
7002470  7002470WN     ALFORTE         46,133.64     11.5          458.71   80 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7002488  7002488WN     ALLEN           20,980.43     12.99         232.14   75 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7002496  7002496WN     BRAKE SR        33,416.58     11.5          331.36   70 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7002520  7002520WN     DEARING         29,967.02     12.25         314.37   75 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7002538  7002538WN     SLEEP           37,995.96     10.625        426.9    65 OWNER        180  WENDOVER      WMC MORTGAGE   3/1/98
7002546  7002546WN     NOSAN          118,786.30      9.99       1,043.44   70 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7002561  7002561WN     TWARDOWSKI      22,767.54     11.75         230.91   75 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7002579  7002579WN     EXLINE          24,635.35     10.75         231.04   75 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7002587  7002587WN     FARMER          46,540.69     10            505.07   63 OWNER        180  WENDOVER      WMC MORTGAGE   4/1/98
7002611  7002611WN     HENDERSON       30,562.43     11.75         308.88   85 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7002629  7002629WN     NICHOLS         38,957.13     12.25         408.68   75 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7002637  7002637WN     CARTER          68,140.08     10.5          624.31   70 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7002645  7002645WN     NOBLE           64,924.30     11.99         668.1    65 OWNER        360  WENDOVER      WMC MORTGAGE   3/1/98
7002660  7002660WN     LEWIS           20,770.23     12.5          224.13   75 NON OWNER    360  WENDOVER      WMC MORTGAGE   3/1/98
7002686  7002686WN     FERNANDEZ       40,252.75     12.99         445.49   65 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7002710  7002710WN     THREET          86,287.93     11.5          855.62   80 OWNER        360  WENDOVER      WMC MORTGAGE   3/1/98
7002736  7002736WN     WILLIAMS        89,389.94     10.99         851.85   80 OWNER        360  WENDOVER      WMC MORTGAGE   2/1/98
7002744  7002744WN     MITCHELL        40,468.12     13.74         471.56   60 NON OWNER    360  WENDOVER      WMC MORTGAGE   4/1/98
7002751  7002751WN     CRESPO          75,390.57     10.99         718.44   90 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7002769  7002769WN     SCOTT           31,820.31     12.99         352.08   65 OWNER        360  WENDOVER      WMC MORTGAGE   2/1/98
7002785  7002785WN     KIRKPATRICK     63,840.79     11.74         644.73   80 NON OWNER    360  WENDOVER      WMC MORTGAGE   4/1/98
7002793  7002793WN     BELL JR         47,941.53     11.99         493.37   80 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7002835  7002835WN     ANDERSON        39,934.66     11.49         395.82   36 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7002843  7002843WN     MARTIN          34,657.68     12.99         383.47   39 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7002868  7002868WN     WILLIAMS        89,800.69      8.99         723.52   74 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7002876  7002876WN     DUNN            37,151.75     11.5          368.39   82 NON OWNER    360  WENDOVER      WMC MORTGAGE   4/1/98
7002892  7002892WN     WHEELER         17,544.83     12.5          187.84   80 NON OWNER    360  WENDOVER      WMC MORTGAGE   4/1/98
7002900  7002900WN     WATSON          18,663.87     12.99         206.72   85 OWNER        360  WENDOVER      WMC MORTGAGE   2/1/98
7002926  7002926WN     CALLISON        46,139.93     11.49         457.17   70 OWNER        360  WENDOVER      WMC MORTGAGE   2/1/98
7002934  7002934WN     DICKERSON JR    45,530.23     10.74         425.33   80 NON OWNER    360  WENDOVER      WMC MORTGAGE   3/1/98
7003817  7003817WN     RANDALL         38,739.20     10.74         439.17   60 OWNER        180  WENDOVER      WMC MORTGAGE   4/1/98
7003825  7003825WN     COPELAND        71,901.38     11.25         699.31   80 OWNER        360  WENDOVER      WMC MORTGAGE   3/1/98
7003833  7003833WN     KIDD            98,272.38     11.5          974.45   80 OWNER        360  WENDOVER      WMC MORTGAGE   3/1/98
7003841  7003841WN     THOMPSON        53,940.62     12.25         565.87   75 OWNER        360  WENDOVER      WMC MORTGAGE   5/1/98
7003874  7003874WN     SALG            94,151.78     12.49       1,005.16   65 OWNER        360  WENDOVER      WMC MORTGAGE   5/1/98
7003890  7003890WN     GRANT           38,817.70     13.5          445      70 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7003908  7003908WN     RAFFAELLI      119,826.07     10.99       1,141.89   42 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7003916  7003916WN     HARPER SR      114,583.61     10.99       1,091.93   85 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7003924  7003924WN     THOMAS          21,799.21     10.75         246.61   55 OWNER        180  WENDOVER      WMC MORTGAGE   4/1/98
7003932  7003932WN     KNUDSON         49,927.52     10.99         475.79   33 OWNER        360  WENDOVER      WMC MORTGAGE   3/1/98
7003940  7003940WN     DUNN            89,820.81      9.5          756.77   62 NON OWNER    360  WENDOVER      WMC MORTGAGE   3/1/98
7003957  7003957WN     HURLEY         123,044.20      8.5          949.61   65 OWNER        360  WENDOVER      WMC MORTGAGE   3/1/98
7003965  7003965WN     WALLACE         29,976.65     13.99         355.23   75 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7003973  7003973WN     DAVIS           99,847.34     10.75         933.49   50 OWNER        360  WENDOVER      WMC MORTGAGE   3/1/98
7003999  7003999WN     REED            42,352.69     12.25         444.31   80 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7004005  7004005WN     DAVIS           27,817.77     12.5          345.73   85 OWNER        180  WENDOVER      WMC MORTGAGE   3/1/98
7004021  7004021WN     PERCLE          45,933.30     10.99         437.73   61 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7004039  7004039WN     HARMON          93,224.61     10.5          854.14   75 NON OWNER    360  WENDOVER      WMC MORTGAGE   4/1/98
7004047  7004047WN     MILLER         119,077.17     10.99       1,134.75   72 OWNER        360  WENDOVER      WMC MORTGAGE   3/1/98
7004054  7004054WN     MILLER          55,933.47     11.9          571.72   73 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7004070  7004070WN     JOYCE           52,896.31     12.75         665.64   65 OWNER        180  WENDOVER      WMC MORTGAGE   4/1/98
7004088  7004088WN     HOWZE           70,322.62     12.25         737.72   80 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7004096  7004096WN     WELCOME         41,428.58     11.25         403.08   67 OWNER        360  WENDOVER      WMC MORTGAGE   3/1/98
7004120  7004120WN     WISE            66,380.57      9.99         583.1    58 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7004146  7004146WN     SAMS            76,400.76     11.5          757.58   85 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7004153  7004153WN     SEID            31,463.38     12            324.02   70 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7004161  7004161WN     BARBER JR       78,286.39     10.99         746.03   80 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
7004187  7004187WN     WILSON          43,920.98      9.99         385.81   80 OWNER        360  WENDOVER      WMC MORTGAGE   4/1/98
</TABLE>

                                 Page 19 of 25
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>           <C>            <C>                              <C>                 <C>        <C>   <C>              <C>
7004195  7004195WN     DOMINICK       12880- EAST 13TH PLACE           AURORA              CO         80010 2-4 UNITS        11/1/27
7004203  7004203WN     KALTENBACH     1448 CARROLLTON AVENU            METAIRIE            LA         70005 2-4 UNITS        11/1/27
7004211  7004211WN     BAILEY         318 BRADFORD AVENUE              SAN ANTONIO         TX         78228 SFR              11/1/27
7004229  7004229WN     BILLINGS       1808 NORTHWEST LAKE              LAWTON              OK         73507 SFR              11/1/27
7004237  7004237WN     GRACE          913 EAGLE DRIVE                  DESOTO              TX         75115 SFR              11/1/27
7004245  7004245WN     MARINO         7525 HIGHLAND STREET             RALSTON             NE         68127 SFR              11/1/27
7004252  7004252WN     JAMAL          6429 NORTHWEST COMPAS            LAWTON              OK         73505 SFR              11/1/27
7004260  7004260WN     HALE           648 WEST SAWYER                  DECATUR             IL         62526 SFR              11/1/27
7004278  7004278WN     DIAZ           2233 NORTH KILPATRICK            CHCIAGO             IL         60639 SFR              11/1/27
7004286  7004286WN     MCKINNEY       844 NORTH DRAKE                  CHICAGO             IL         60651 SFR              11/1/27
7004328  7004328WN     MORIN          97 STONEGATE LANE                DERRY               NH         30380 2-4 UNITS        11/1/27
7004336  7004336WN     HOLLIDAY       30 NEVADA AVENUE                 BUFFALO             NY         14211 2-4 UNITS        11/1/27
7004351  7004351WN     CUNNINGHAM     1469 RAILTON ROAD                MEMPHIS             TN         38111 SFR              11/1/12
7004377  7004377WN     HOLLOMAN       5711 J STREET                    FAIRMONT HE         MD         20743 SFR              11/1/27
7004385  7004385WN     HOLLOMAN       3602 52ND AVENUE                 BLADENSBURG         MD         20710 SFR              11/1/27
7004393  7004393WN     THORPE         244 FIRST STREET                 NEWBURGH            NY         12550 2-4 UNITS        11/1/27
7004401  7004401WN     MARTINEZ       2915 WEST FRIERSON AV            TAMPA               FL         33614 SFR              11/1/12
7004419  7004419WN     OSHIELDS       19 VARNER STREET                 WOODRUFF            SC         29388 SFR              11/1/27
7004450  7004450WN     TAYLOR         1605 OLDBURY DRIVE               FORT WASHIN         MD         20744 SFR              11/1/27
7004476  7004476WN     MAGNUSSEN      6216 SOUTH 34TH AVENU            OMAHA               NE         68107 SFR              11/1/27
7004484  7004484WN     NEUFELD        4055 SOUTH MERIDIAN              WICHITA             KS         67217 SFR              11/1/27
7004492  7004492WN     COLLINS        2427 CROWN POINT AVEN            OMAHA               NE         68111 SFR              11/1/27
7004500  7004500WN     MILES          611 TRAVIS STREET                LONGVIEW            TX         75602 SFR              11/1/27
7004518  7004518WN     STRAIN         101 SOUTH VINE                   CLEVELAND           OK         74020 SFR              11/1/27
7004526  7004526WN     WADLEY         4141 SOUTH NEW HAVEN             TULSA               OK         74135 SFR              11/1/27
7004534  7004534WN     PRINGLE        1458 WEST 110TH PLACE            LOS ANGELES         CA         90047 SFR              11/1/27
7004542  7004542WN     GARCIA         36350 BLACKSMITH DRIVE           PALMDALE            CA         93550 SFR              10/1/27
7004559  7004559WN     HARRIS         236 STATE STREET                 HAZLEHURST          MS         39083 SFR              11/1/12
7004567  7004567WN     BAGGS          3501 EAST AMELIA AVEN            PHOENIX             AZ         85018 SFR              11/1/12
7004575  7004575WN     GALLO          418 EAST 59TH PLACE              LOS ANGELES         CA         90003 SFR              11/1/27
7004583  7004583WN     BRUYR          200 WILLOW LANE                  HESSTON             KS         67062 SFR              11/1/27
7004674  7004674WN     SENA           14560 WOODLAND DRIVE 1           FONTANA             CA         92337 2-4 UNITS        11/1/27
7004799  7004799WN     PETERSEN       4932 SHOSHONE STREET             ORLANDO             FL         32819 SFR              11/1/27
7005366  7005366WN     HARRIS         215 DUBOIS STREET                NEWBURGH            NY         12550 2-4 UNITS        11/1/27
7005457  7005457WN     PARKER         4515 WALMSLEY STREET             NEW ORLEANS         LA         70125 2-4 UNITS        11/1/27
7005549  7005549WN     STEPHENS       6 SPRING WEST                    WILLIAMSBUR         VA         23188 OTHER            11/1/27
7005648  7005648WN     EZERZER        12337 RUNNYMEDE STREET           LOS ANGELES         CA         91605 2-4 UNITS        11/1/27
7005655  7005655WN     CHIMARUSTI     3025 NORTH SPRINGFIEL            SIMI VALLEY         CA         93063 SFR              11/1/27
7005705  7005705WN     WILLIAMS       5820 OLIVE                       KANSAS CITY         MO         64130 SFR              11/1/27
7005747  7005747WN     LANCE          513 WASHINGTON STREE             ANOKA               MN         55303 SFR              11/1/27
7006224  7006224WN     BLAIR JR       25413 LITTLE LEAGUE RO           COEBURN             VA         24230 SFR              12/1/12
7006638  7006638WN     HUDGINS        224N HENDERSON BEND              CALHOUN             GA         30701 SFR              12/1/27
7006653  7006653WN     RICE           321 BROOK FOREST DR              ANDERSON            SC         29621 SFR              12/1/27
7006703  7006703WN     SIMPKINS       34 PARKWOOD CIRCLE               ROME                GA         30161 OTHER            12/1/27
7006711  7006711WN     WEAVER         ROUTE 5 BOX 99D                  MURPHY              NC         28906 OTHER            12/1/27
7006752  7006752WN     BROWN          190 TERRAMONT COURT              ROSWELL             GA         30076 OTHER            12/1/12
7006778  7006778WN     KENNARD        146 GRIMM ROAD                   KINGSPORT           TN         37663 OTHER            12/1/27
7006786  7006786WN     VANCE          789 BUCK BOULEVARD               CALHOUN             GA         30701 OTHER            12/1/27
7007438  7007438WN     BAUMAN         23 MCDEVITT ROAD                 RANDOLPH            MA         23680 OTHER            12/1/12
7007446  7007446WN     PEARCE         6525 GOLDEN RING ROAD            BALTIMORE           MD         21237 OTHER            12/1/27
7007461  7007461WN     CABRAL         4 CARMEL STREET                  WATERBURY           CT         67040 OTHER            12/1/27
7007859  7007859WN     IZAKSON        236 GRANNY ROAD                  MEDFORD             NY         11763 SFR              12/1/27
7007867  7007867WN     BARONOWSKI     6 CHINO AVENUE                   WORCESTER           MA         16050 SFR               1/1/28
7007891  7007891WN     GARNER         35 DONNA DRIVE                   MECHANICSVI         MD         20659 OTHER            12/1/27
7007909  7007909WN     HART           21066 BLACKJACK ROAD             CULPEPER            VA         22701 OTHER            12/1/27
7008139  7008139WN     GALMAN         12409 STAGECOACH LANE            BAYONET POI         FL         34667 OTHER            12/1/27
7008253  7008253WN     PHILLIPS       1669 GALE LANE                   KINGSPORT           TN         37660 SFR              11/1/27
7008261  7008261WN     ADAMSON        360N 300 WEST                    BOUNTIFUL           UT         84010 OTHER            11/1/12

<CAPTION>

Servicer                               4/1/98                  Current                                   
  Loan    AMRESCO        Last        Scheduled     Current       P&I        Occupancy  Original                               Due  
 Number  Loan Number     Name         Balance       Rate       Payment   LTV  Status     Term  Servicer     Originator        Date 
- -------- ----------      ----        ---------      ----       -------   ---- ------     ----  --------     ----------        ---- 
<S>      <C>           <C>          <C>            <C>       <C>      <C>   <C>          <C>  <C>        <C>                 <C>
7004195  7004195WN     DOMINICK      87,864.46     12.74       955.61    80 NON OWNER    360  WENDOVER   WMC MORTGAGE        3/1/98 
7004203  7004203WN     KALTENBACH    45,388.41      8.5        349.86    61 OWNER        360  WENDOVER   WMC MORTGAGE        4/1/98 
7004211  7004211WN     BAILEY        24,552.65     12.75       267.33    60 NON OWNER    360  WENDOVER   WMC MORTGAGE        3/1/98 
7004229  7004229WN     BILLINGS      25,326.35     12.99       280.23    65 OWNER        360  WENDOVER   WMC MORTGAGE        4/1/98 
7004237  7004237WN     GRACE         71,816.28     11.99       739.02    90 OWNER        360  WENDOVER   WMC MORTGAGE        4/1/98 
7004245  7004245WN     MARINO        65,332.47      9.99       573.89    83 OWNER        360  WENDOVER   WMC MORTGAGE        4/1/98 
7004252  7004252WN     JAMAL         47,546.18     12.125      494.21    80 OWNER        360  WENDOVER   WMC MORTGAGE        3/1/98 
7004260  7004260WN     HALE          19,578.40     12.24       205.24    70 NON OWNER    360  WENDOVER   WMC MORTGAGE        4/1/98 
7004278  7004278WN     DIAZ          98,497.46     12.5      1,052.32    78 OWNER        360  WENDOVER   WMC MORTGAGE        3/1/98 
7004286  7004286WN     MCKINNEY      56,168.44     10.99       535.26    75 OWNER        360  WENDOVER   WMC MORTGAGE        3/1/98 
7004328  7004328WN     MORIN         27,264.48     11.49       270.15    70 OWNER        360  WENDOVER   WMC MORTGAGE        3/1/98 
7004336  7004336WN     HOLLIDAY      26,373.01     12.74       286.69    80 NON OWNER    360  WENDOVER   WMC MORTGAGE        4/1/98 
7004351  7004351WN     CUNNINGHAM    19,815.00     10.75       224.19    38 OWNER        180  WENDOVER   WMC MORTGAGE        3/1/98 
7004377  7004377WN     HOLLOMAN      59,422.82     11.5        589.23    70 NON OWNER    360  WENDOVER   WMC MORTGAGE        4/1/98 
7004385  7004385WN     HOLLOMAN      55,927.36     11.5        554.57    70 NON OWNER    360  WENDOVER   WMC MORTGAGE        4/1/98 
7004393  7004393WN     THORPE        60,686.83     12.5        648.36    75 NON OWNER    360  WENDOVER   WMC MORTGAGE        4/1/98 
7004401  7004401WN     MARTINEZ      44,666.36     11.5        526.27    85 OWNER        180  WENDOVER   WMC MORTGAGE        4/1/98 
7004419  7004419WN     OSHIELDS      19,481.38     12.99       215.56    65 OWNER        360  WENDOVER   WMC MORTGAGE        3/1/98 
7004450  7004450WN     TAYLOR        92,143.16     10.25       827.11    65 OWNER        360  WENDOVER   WMC MORTGAGE        3/1/98 
7004476  7004476WN     MAGNUSSEN     52,702.43     11.25       512.83    80 OWNER        360  WENDOVER   WMC MORTGAGE        4/1/98 
7004484  7004484WN     NEUFELD       76,682.76     10.75       716.92    80 OWNER        360  WENDOVER   WMC MORTGAGE        4/1/98 
7004492  7004492WN     COLLINS       24,959.41     10.5        228.69    59 OWNER        360  WENDOVER   WMC MORTGAGE        4/1/98 
7004500  7004500WN     MILES         22,303.99     11.99       229.52    70 OWNER        360  WENDOVER   WMC MORTGAGE        3/1/98 
7004518  7004518WN     STRAIN        29,711.38     11.5        294.62    85 OWNER        360  WENDOVER   WMC MORTGAGE        4/1/98 
7004526  7004526WN     WADLEY        49,910.40     10          438.79    47 OWNER        360  WENDOVER   WMC MORTGAGE        3/1/98 
7004534  7004534WN     PRINGLE      107,760.85      8.99       868.22    78 OWNER        360  WENDOVER   WMC MORTGAGE        4/1/98 
7004542  7004542WN     GARCIA        79,869.65     11.5        792.24    80 OWNER        360  WENDOVER   WMC MORTGAGE        4/1/98 
7004559  7004559WN     HARRIS        33,434.82     10.5        373.08    75 OWNER        180  WENDOVER   WMC MORTGAGE        3/1/98 
7004567  7004567WN     BAGGS         64,170.26      9.74       688.2     57 OWNER        180  WENDOVER   WMC MORTGAGE        4/1/98 
7004575  7004575WN     GALLO         95,787.43      8.99       771.75    75 OWNER        360  WENDOVER   WMC MORTGAGE        4/1/98 
7004583  7004583WN     BRUYR         67,478.62      9.99       592.74    80 OWNER        360  WENDOVER   WMC MORTGAGE        4/1/98 
7004674  7004674WN     SENA          30,685.46      9.25       252.98    75 NON OWNER    360  WENDOVER   WMC MORTGAGE        4/1/98 
7004799  7004799WN     PETERSEN      37,607.49     13.74       440.12    60 NON OWNER    360  WENDOVER   WMC MORTGAGE        4/1/98 
7005366  7005366WN     HARRIS        76,415.88     12.25       801.65    90 OWNER        360  WENDOVER   WMC MORTGAGE        3/1/98 
7005457  7005457WN     PARKER        49,642.22     12          511.23    70 OWNER        360  WENDOVER   WMC MORTGAGE        4/1/98 
7005549  7005549WN     STEPHENS      19,973.99     11.49       197.91    32 NON OWNER    360  WENDOVER   WMC MORTGAGE        3/1/98 
7005648  7005648WN     EZERZER       64,905.80     10.99       618.52    72 OWNER        360  WENDOVER   WMC MORTGAGE        4/1/98 
7005655  7005655WN     CHIMARUSTI   119,734.27      8.99       964.69    48 OWNER        360  WENDOVER   WMC MORTGAGE        3/1/98 
7005705  7005705WN     WILLIAMS      27,910.64     11.25       271.47    65 OWNER        360  WENDOVER   WMC MORTGAGE        4/1/98 
7005747  7005747WN     LANCE         64,061.77     12.74       696.35    75 OWNER        360  WENDOVER   WMC MORTGAGE        4/1/98 
7006224  7006224WN     BLAIR JR      68,378.66     10.7        769.63    65 OWNER        180  WENDOVER   NATIONAL MORTGAGE   4/1/98 
7006638  7006638WN     HUDGINS       65,412.02     11.55       650.9     65 OWNER        360  WENDOVER   NATIONAL MORTGAGE   4/1/98 
7006653  7006653WN     RICE          50,337.12     10.85       474.27    65 OWNER        360  WENDOVER   NATIONAL MORTGAGE   4/1/98 
7006703  7006703WN     SIMPKINS      67,928.95     11.15       655.3     80 OWNER        360  WENDOVER   NATIONAL MORTGAGE   3/1/98 
7006711  7006711WN     WEAVER        64,929.06     10.95       616.56 74.71 OWNER        360  WENDOVER   NATIONAL MORTGAGE   4/1/98 
7006752  7006752WN     BROWN         98,964.75     10.1      1,080.74    80 OWNER        180  WENDOVER   NATIONAL MORTGAGE   3/1/98 
7006778  7006778WN     KENNARD       30,459.18     10          267.66 48.41 OWNER        360  WENDOVER   NATIONAL MORTGAGE   4/1/98 
7006786  7006786WN     VANCE         79,407.42     10.65       736.15 79.98 OWNER        360  WENDOVER   NATIONAL MORTGAGE   4/1/98 
7007438  7007438WN     BAUMAN        49,614.70      9.4        519.1  41.67 OWNER        180  WENDOVER   NATIONAL MORTGAGE   4/1/98 
7007446  7007446WN     PEARCE        39,953.92     10.7        371.89 26.32 OWNER        360  WENDOVER   NATIONAL MORTGAGE   3/1/98 
7007461  7007461WN     CABRAL        46,427.85      9.3        384.24    75 OWNER        360  WENDOVER   NATIONAL MORTGAGE   4/1/98 
7007859  7007859WN     IZAKSON       79,888.28      9.8        690.27    65 OWNER        360  WENDOVER   NATIONAL MORTGAGE   4/1/98 
7007867  7007867WN     BARONOWSKI    34,970.51     10.25       313.64    65 OWNER        360  WENDOVER   NATIONAL MORTGAGE   4/1/98 
7007891  7007891WN     GARNER       114,891.10     11.6      1,147.62 66.67 OWNER        360  WENDOVER   NATIONAL MORTGAGE   4/1/98 
7007909  7007909WN     HART          82,399.71     10.45       751.58    75 OWNER        360  WENDOVER   NATIONAL MORTGAGE   3/1/98 
7008139  7008139WN     GALMAN        32,949.87      9.4        275.08 70.21 SECOND HOME  360  WENDOVER   NATIONAL MORTGAGE   4/1/98 
7008253  7008253WN     PHILLIPS      72,877.29     10.3        656.87 70.21 OWNER        360  WENDOVER   NATIONAL MORTGAGE   3/1/98 
7008261  7008261WN     ADAMSON       80,260.76     10.75       907.97  64.8 OWNER        180  WENDOVER   NATIONAL MORTGAGE   3/1/98 
</TABLE>                                                                

                                 Page 20 of 25
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>           <C>            <C>                              <C>                 <C>        <C>   <C>              <C>
7008279  7008279WN     BROWN          1035N 400 WEST                   BOUNTIFUL           UT         84010 OTHER            11/1/27
7008329  7008329WN     PUGH           623 BRYCE DRIVE                  COLORADO SP         CO         80910 SFR               1/1/28
7008402  7008402WN     FERNANDEZ      1058E 9TH AVENUE                 MESA                AZ         85204 OTHER            12/1/27
7008436  7008436WN     FEUTI          7815W MIDWAY AVENUE              GLENDALE            AZ         85303 OTHER            12/1/12
7008899  7008899WN     AXELSEN        11380W 26TH AVENUE               LAKEWOOD            CO         80215 SFR              10/1/27
7008907  7008907WN     EIMAN          5285W BUCKSKIN ROAD              POCATELLO           ID         83201 OTHER            11/1/27
7008923  7008923WN     CHRISTENSEN    249S 100 EAST                    LOGAN               UT         84321 SFR              11/1/27
7008956  7008956WN     DEGROFFT       16924E ITHACA CIRCLE             AURORA              CO         80013 SFR              10/1/27
7008998  7008998WN     MONROE         2810 ASPEN DRIVE                 BIG SKY             MT         59716 OTHER            11/1/27
7009012  7009012WN     MCCORMICK      21CR 3084 AVENUE                 AZTEC               NM         87415 OTHER            12/1/27
7009020  7009020WN     PLATT          1742 BISCAY STREET               AURORA              CO         80011 SFR              11/1/27
7009046  7009046WN     SERTIK         931 FAIRVIEW BLVD                BRECKENRIDG         CO         80424 CONDO            11/1/27
7009111  7009111WN     BERNAL         4540 ARGONNE STREET              DENVER              CO         80220 SFR              11/1/27
7009129  7009129WN     YORK           2939 OLYMPIA DRIVE               DECATUR             IL         62521 SFR              11/1/27
7009145  7009145WN     GEIST          1582 I ROAD                      DELTA               CO         81416 SFR              11/1/27
7009160  7009160WN     BLAKE          271 DOUBLET LANE                 DIVIDE              CO         80814 OTHER            11/1/27
7009178  7009178WN     WHITENBERG     133 DONZI TRAIL                  DIVIDE              CO         80816 SFR              11/1/27
7009194  7009194WN     ARMIJO         3838 SHAW BOULEVARD              WESTMINSTER         CO         80030 SFR              11/1/27
7009244  7009244WN     MCINTOSH       1811S QUEBEC WAY                 DENVER              CO         80231 CONDO            11/1/27
7009251  7009251WN     CHURCH         11 SEVENTH STREET                CRESTED BUT         CO         81224 OTHER            11/1/27
7009285  7009285WN     HUNTSMAN       189E 300 SOUTH                   HEBER CITY          UT         84032 SFR              11/1/27
7009301  7009301WN     HEISTER        21989E ALAMO LANE                AURORA              CO         80014 SFR              11/1/27
7009327  7009327WN     WALSH          66 BLACKS FORK COUR              LYMAN               WY         82937 OTHER            11/1/27
7009335  7009335WN     BYNOG          11115 FAIRFAX COURT              THORNTON            CO         80233 SFR              11/1/27
7009343  7009343WN     MILLER         111 HUNTLEY CREEK CO             ERIE                CO         80516 OTHER            11/1/27
7009350  7009350WN     RICHINS        1500W 500 NORTH                  PROVO               UT         84601 SFR              11/1/27
7009368  7009368WN     NAPONELLI      605W EXCHANGE STREET             CRETE               IL         60417 OTHER            12/1/27
7009384  7009384WN     DUNBAR         7186S ASPEN MEADOW DRI           EVERGREEN           CO         80439 SFR              11/1/27
7009434  7009434WN     NAGY           1081S 1500 EAST                  CLEARFIELD          UT         84015 OTHER            12/1/27
7009459  7009459WN     VALDEZ         3545 RACE STREET                 DENVER              CO         80205 OTHER            12/1/27
7009467  7009467WN     NORRIS JR      2573 RANCH LANE                  COLORADO SP         CO         80918 OTHER            12/1/27
7010382  7010382WN     NORRIS         644 61ST STREET                  OAKLAND             CA         94609 SFR               1/1/28
7011505  7011505WN     DAY            3815 MAYFIELD OAKS LN            HOUSTON             TX         77088 SFR               1/1/13
7011653  7011653WN     GHOLSTON       11255 LATONKA TRAIL              FLORISSANT          MO         63033 SFR               1/1/13
7011869  7011869WN     STAFFORD       1165 COVE HOLLOW RD              LANCASTER           TN         38569 SFR               2/1/18
7011950  7011950WN     POWERS         409W BROADWAY ST                 SHELBYVILLE         IN         46176 SFR              12/1/27
7012073  7012073WN     SANDS          1032 THOMAS WAY                  DELANO              CA         93215 SFR              10/1/12
7012099  7012099WN     TUCKER         1010W ROSEWOOD DR                YUMA                AZ         85364 SFR              12/1/27
7012107  7012107WN     KALEY          5151SWJENNIE RD                  ALBUQUERQUE         NM         87121 OTHER            11/1/12
7012115  7012115WN     STEVENSON      111W JONES                       PHOENIX             AZ         85041 SFR              12/1/12
7012123  7012123WN     TAYLOR         262 PLEASANT ST                  BENTON HARB         MI         49022 SFR              12/1/27
7012636  7012636WN     ALBRECHT       62 WOOSDALE AVENUE               CINCINNATI          OH     452160000 2-4 UNITS         2/1/28
7030000  7030000WN     SCHONIAN       1881 MILKWEED COURT              GARDNERVILL         NV     894100000 SFR              12/1/27
7030018  7030018WN     WAITERS        103 EAST 138TH STREE             LOS ANGELES         CA     900610000 SFR               5/1/27
7030059  7030059WN     REYNOLDS       3007 RETHA DRIVE                 SPARTANBURG         SC     293030000 SFR              12/1/27
7030067  7030067WN     ROSARIO        23 MURRY STREET                  WATERBURY           CT      67100000 SFR               9/1/27
7030075  7030075WN     HAREWOOD       3022 SALTERS STREET              NEWPORT NEW         VA     236070000 SFR              12/1/27
7030083  7030083WN     MASON          753 18TH STREET                  NEWPORT NEW         VA     236070000 SFR              12/1/27
7030091  7030091WN     HELLUMS        6037 N TOPPING                   KANSAS CITY         MO     641190000 SFR              11/1/27
7030117  7030117WN     PHIPPS         1402 HUNTINGTON TRAIL            ROUND ROCK          TX     786640000 SFR              12/1/27
7030125  7030125WN     WILLIS         6205 SHOALWOOD AVENUE            AUSTIN              TX     787570000 SFR              12/1/27
7030133  7030133WN     NGUYEN         4760 LINCOLNSHIRE DRI            GRAND PRAIR         TX     750520000 SFR              12/1/27
7030141  7030141WN     GARCIA         4205 S. ADAMS STREET             FORT WORTH          TX     761040000 SFR              10/1/27
7030158  7030158WN     CROWLEY        5016 SANTA FE COURT              ARLINGTON           TX     760170000 SFR              12/1/27
7030166  7030166WN     MARTIN         403 EAST SECOND                  ARLINGTON           TX     760100000 SFR              11/1/27
7030174  7030174WN     HERRING        100 MESQUITE STREET              MILLSAP             TX     760660000 SFR              11/1/27
7030182  7030182WN     HARDEE         209 MOSLEY LANE                  ALVORD              TX     762250000 SFR              12/1/27
7030190  7030190WN     JOHNSON-JACK   3536 PURINGTON AVENUE            FT WORTH            TX     761030000 SFR              11/1/27

<CAPTION>

Servicer                               4/1/98               Current                                                                 
  Loan    AMRESCO        Last        Scheduled     Current    P&I        Occupancy  Original                                   Due  
 Number  Loan Number     Name         Balance       Rate    Payment   LTV  Status     Term  Servicer        Originator         Date 
- -------- ----------      ----        ---------      ----    -------   ---- ------     ----  --------        ----------         ---- 
<S>      <C>           <C>          <C>            <C>    <C>      <C>   <C>          <C>  <C>           <C>                  <C>
7008279  7008279WN     BROWN         85,847.53     10.05    757.89 77.48 OWNER        360  WENDOVER      NATIONAL MORTGAGE    2/1/98
7008329  7008329WN     PUGH          69,683.28      9.7     596.7     90 OWNER        360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7008402  7008402WN     FERNANDEZ     79,884.70      9.65    681.46 78.43 OWNER        360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7008436  7008436WN     FEUTI         55,837.58      9.95    602.75 69.44 OWNER        180  WENDOVER      NATIONAL MORTGAGE    4/1/98
7008899  7008899WN     AXELSEN      119,703.27      9.55  1,013.41    80 OWNER        360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7008907  7008907WN     EIMAN         99,820.78     10       877.58    80 OWNER        360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7008923  7008923WN     CHRISTENSEN   81,768.05     10.5     749.18    90 OWNER        360  WENDOVER      NATIONAL MORTGAGE    3/1/98
7008956  7008956WN     DEGROFFT      95,755.04      9.4     800.23    75 OWNER        360  WENDOVER      NATIONAL MORTGAGE    3/1/98
7008998  7008998WN     MONROE        49,903.48      9.65    425.91 41.32 OWNER        360  WENDOVER      NATIONAL MORTGAGE    5/1/98
7009012  7009012WN     MCCORMICK     80,699.63     10.35    730.07    80 OWNER        360  WENDOVER      NATIONAL MORTGAGE    2/1/98
7009020  7009020WN     PLATT         78,615.98     10.25    705.68    75 OWNER        360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7009046  7009046WN     SERTIK        82,362.77     10.35    745.43    75 SECOND HOME  360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7009111  7009111WN     BERNAL       112,200.82      9.5     945.34    75 OWNER        360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7009129  7009129WN     YORK         101,991.47      9.45    855.97    80 OWNER        360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7009145  7009145WN     GEIST         91,676.15      9.1     745.87    75 OWNER        360  WENDOVER      NATIONAL MORTGAGE    3/1/98
7009160  7009160WN     BLAKE         62,868.51      9.85    545.77    65 NON OWNER    360  WENDOVER      NATIONAL MORTGAGE    3/1/98
7009178  7009178WN     WHITENBERG    83,579.66     10.15    744.05    85 OWNER        360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7009194  7009194WN     ARMIJO        82,825.52      9.24    682.22 69.17 OWNER        360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7009244  7009244WN     MCINTOSH      57,404.36     10.35    519.54 65.42 OWNER        360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7009251  7009251WN     CHURCH       234,400.49      8.3   1,773.75 61.84 OWNER        360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7009285  7009285WN     HUNTSMAN      95,820.54      9.8     828.32 74.71 OWNER        360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7009301  7009301WN     HEISTER      102,603.74      9.7     879.44 84.96 OWNER        360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7009327  7009327WN     WALSH         71,884.01     10.5     658.62    90 OWNER        360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7009335  7009335WN     BYNOG         98,401.62      9.45    825.49    85 OWNER        360  WENDOVER      NATIONAL MORTGAGE    3/1/98
7009343  7009343WN     MILLER        91,818.72      9.55    776.95    80 OWNER        360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7009350  7009350WN     RICHINS       63,474.68      9.65    541.76 78.52 OWNER        360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7009368  7009368WN     NAPONELLI    102,087.23     10.9     965.57    70 OWNER        360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7009384  7009384WN     DUNBAR       179,677.48     10     1,579.63    80 OWNER        360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7009434  7009434WN     NAGY          63,677.09     11.2     616.77    75 OWNER        360  WENDOVER      NATIONAL MORTGAGE    3/1/98
7009459  7009459WN     VALDEZ        59,908.84      9.4     500.15    80 OWNER        360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7009467  7009467WN     NORRIS JR     78,557.41      8.55    607.93 62.46 OWNER        360  WENDOVER      NATIONAL MORTGAGE    4/1/98
7010382  7010382WN     NORRIS        48,948.68      9.5     412.02    48 OWNER        360  WENDOVER      EVEREST MORTGAGE     4/1/98
7011505  7011505WN     DAY           44,481.73     13.5     509.71    64 OWNER        180  WENDOVER      MLSG INCORPORATED    3/1/98
7011653  7011653WN     GHOLSTON      55,882.08     10.25    501.19    70 OWNER        180  WENDOVER      MLSG INCORPORATED    3/1/98
7011869  7011869WN     STAFFORD      91,833.85      7.5     741.15 76.03 OWNER        240  WENDOVER      UNITED LENDING       3/1/98
7011950  7011950WN     POWERS        80,604.92      8       592.88    80 OWNER        360  WENDOVER      UNITED LENDING       4/1/98
7012073  7012073WN     SANDS         44,409.64      9.25    463.14    52 OWNER        180  WENDOVER      STANDARD FINANCIAL   2/1/98
7012099  7012099WN     TUCKER        44,207.65     11.55    439.89    75 OWNER        360  WENDOVER      STANDARD FINANCIAL   2/1/98
7012107  7012107WN     KALEY         86,645.75      9.45    913.66    75 OWNER        180  WENDOVER      STANDARD FINANCIAL   2/1/98
7012115  7012115WN     STEVENSON     40,203.05      9.95    433.98    75 OWNER        180  WENDOVER      STANDARD FINANCIAL   4/1/98
7012123  7012123WN     TAYLOR        45,437.80      9.9     395.94    70 OWNER        360  WENDOVER      STANDARD FINANCIAL   3/1/98
7012636  7012636WN     ALBRECHT      73,573.35     10.93    697.02    80 NON OWNER    360  WENDOVER      SAN DIEGO HOME LOANS 4/1/98
7030000  7030000WN     SCHONIAN     265,624.64      9.75  2,285.36  69.9 OWNER        360  WENDOVER      WMC EQUITY           3/1/98
7030018  7030018WN     WAITERS      104,282.96      8.33    794.75  74.5 NON OWNER    360  WENDOVER      WMC EQUITY           3/1/98
7030059  7030059WN     REYNOLDS      23,788.41     12.75    258.64    85 OWNER        360  WENDOVER      WMC EQUITY           4/1/98
7030067  7030067WN     ROSARIO       86,050.76     10.75    805.13  70.6 OWNER        360  WENDOVER      WMC EQUITY           3/1/98
7030075  7030075WN     HAREWOOD      38,439.17      9.25    316.73  61.5 OWNER        360  WENDOVER      WMC EQUITY           3/1/98
7030083  7030083WN     MASON         27,966.31     10.5     256.13  79.9 OWNER        360  WENDOVER      WMC EQUITY           3/1/98
7030091  7030091WN     HELLUMS       23,367.94     11.25    227.28  64.9 OWNER        360  WENDOVER      WMC EQUITY           3/1/98
7030117  7030117WN     PHIPPS       103,739.31      8.75    817.54  79.9 OWNER        360  WENDOVER      WMC EQUITY           3/1/98
7030125  7030125WN     WILLIS       109,445.33      9.75    941.64  79.9 OWNER        360  WENDOVER      WMC EQUITY           3/1/98
7030133  7030133WN     NGUYEN       123,871.61     10.25  1,111.43  89.9 OWNER        360  WENDOVER      WMC EQUITY           3/1/98
7030141  7030141WN     GARCIA        36,832.84     10.99    351.13  89.9 OWNER        360  WENDOVER      WMC EQUITY           3/1/98
7030158  7030158WN     CROWLEY       63,510.24      9.75    546.43  79.9 OWNER        360  WENDOVER      WMC EQUITY           3/1/98
7030166  7030166WN     MARTIN        18,716.31      9.99    164.41  74.9 OWNER        360  WENDOVER      WMC EQUITY           2/1/98
7030174  7030174WN     HERRING       19,468.52     10.49    178.23  74.9 OWNER        360  WENDOVER      WMC EQUITY           3/1/98
7030182  7030182WN     HARDEE        39,906.75     10.99    380.16  84.9 OWNER        360  WENDOVER      WMC EQUITY           3/1/98
7030190  7030190WN     JOHNSON-JACK  48,288.12      9.99    424.17  74.9 OWNER        360  WENDOVER      WMC EQUITY           3/1/98
</TABLE>                                                                  

                                 Page 21 of 25
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>           <C>            <C>                              <C>                 <C>    <C>       <C>              <C>
7030208  7030208WN     OSBORN         501 SUNSET HILL                  ROCKWALL            TX     750870000 SFR              12/1/27
7030224  7030224WN     NOVAK          3210 CHAMA MEADOWS DR            RIO RANCHO          NM     871240000 SFR              12/1/27
7030265  7030265WN     CASH           295 LOMITA ST                    SANTA FE            NM     875010000 SFR              12/1/27
7030281  7030281WN     BIGHAM         6734 WEBBER ROAD                 CENTRAL POI         OR     975020000 SFR              12/1/27
7030331  7030331WN     FARSHAD-JONE   4650 KOVAL LANE                  LAS VEGAS           NV     891090000 OTHER            10/1/27
7030380  7030380WN     ALLENSWORTH    5465 EAST GRIFFITH AV            FRESNO              CA     937270000 SFR              10/1/27
7030406  7030406WN     SAWYER         308 DAY AVENUE 1                 BAKERSFIELD         CA     933080000 SFR              12/1/27
7030422  7030422WN     CABRAL         5140 EAST BUTLER AVEN            FRESNO              CA     937270000 SFR              12/1/27
7030471  7030471WN     CALDERON       848 SOUTH JACKSON AV             SAN JOSE            CA     951160000 SFR              11/1/27
7030489  7030489WN     GONZALES       1851 CHESTNUT STREET             SANTA CLARA         CA     950540000 SFR              12/1/27
7030497  7030497WN     YOUNG          326-32 LUX AVENUE                SOUTH SAN F         CA     940800000 2-4 UNITS        12/1/27
7030596  7030596WN     KNADLER        1831 LOCUST STREET               CHICO               CA     959280000 SFR              11/1/27
7030653  7030653WN     NASH           6500 CHETWOOD WAY                SACRAMENTO          CA     958310000 SFR              12/1/27
7030687  7030687WN     MUSTAFA        8115 AND 8123 SE                 PORTLAND            OR     972060000 2-4 UNITS        11/1/27
7030703  7030703WN     BARBEE         1208 HOSKINS STREET              NEWBERG             OR     971320000 SFR              12/1/27
7030760  7030760WN     BENOIT         11216 216TH STREET EAS           GRAHAM              WA     983380000 SFR              11/1/27
7030802  7030802WN     HOLDERITH      1709 SOUTH M STREET              TACOMA              WA     984050000 SFR              12/1/27
7030810  7030810WN     ELLEDGE        1620 & 1620 1/2 CHEYE            COLORADO SP         CO     809060000 2-4 UNITS        12/1/27
7030828  7030828WN     SOLIS          4764 VINE STREET                 DENVER              CO     802160000 OTHER            12/1/27
7030992  7030992WN     JEFFERSON      4085 SOUTH CLOVERDALE            LOS ANGELES         CA     900080000 SFR               9/1/27
7031016  7031016WN     RAMIREZ        5363 CHILI PEPPER STR            LAS VEGAS           NV     891180000 OTHER            12/1/27
7031164  7031164WN     GLASTETTER     613 WEST BOONESLICK              WARRENTON           MO     633830000 SFR              10/1/27
7031248  7031248WN     CRANE          1274 76TH AVENUE                 OAKLAND             CA     946210000 SFR              12/1/27
7031255  7031255WN     TIONGCO        21901 LASSEN STREET 97           (CHATSWORTH         CA     913110000 2-4 UNITS        12/1/27
7031313  7031313WN     JONES          3208 WEST JENSEN AVEN            FRESNO              CA     937060000 SFR              12/1/27
7031370  7031370WN     LANE           291 HARVIG STREET                OMAHA               IL     628710000 SFR              12/1/27
7031487  7031487WN     BRUCE          418 WEST STREET                  DARDANELLE          AR     728340000 SFR               9/1/27
7031503  7031503WN     GOUDEAU        349 EAST YOUNG STREE             TULSA               OK     741060000 SFR              12/1/27
7031628  7031628WN     GRAHAM-WILSO   3808 WEST PALO VERDE             PHOENIX             AZ     850190000 SFR              12/1/27
7031636  7031636WN     TUCKER         2165 WEST ADRIAN WAY             ORACLE              AZ     856230000 SFR              12/1/27
7031727  7031727WN     PETTIT         4741 WEST OKMULGEE               MUSKOGEE            OK     744010000 SFR              12/1/12
7031875  7031875WN     KNOWLTON       4136 E. HARMON AVENUE            LAS VEGAS           NV     891210000 SFR              12/1/27
7032147  7032147WN     HOLDEN         12762 TOWNLINE                   WINDSOR             OH     440990000 SFR              12/1/12
7032204  7032204WN     ROBERTS        508 SOUTHEAST THIRD              WAGONER             OK     744670000 SFR              10/1/12
7032212  7032212WN     WILLBANKS      2778 SALEM ROAD                  BENTON              AR     720150000 SFR              12/1/27
7032220  7032220WN     BURWELL        2751 WEEPING BIRCH ST            WASILLA             AK     996540000 SFR              10/1/27
7032295  7032295WN     SOUSA          933 KNICKERBOCKER DR             STOCKTON            CA     952100000 SFR              11/1/12
7032337  7032337WN     BOJORQUEZ      541 C. QUIROZ STREET             CALEXICO            CA     922310000 SFR              12/1/12
7032345  7032345WN     GARVEY         664 RANGEVIEW AVENUE             HOMER               AK     996030000 SFR              10/1/27
7032576  7032576WN     HILLING SR     275 ASTAIN DRIVE                 MARIETTA            GA     300640000 SFR              12/1/12
7032584  7032584WN     TORRES         ROUTE 1 BOX 1078                 FAIRVIEW            MT     592210000 SFR              12/1/27
7032592  7032592WN     FINLEY         33273 BEVERLY ROAD               ROMULUS             MI     481740000 SFR              11/1/27
7032618  7032618WN     HESSRAUTIO     1019 23RD AVENUE                 FAIRBANKS           AK     997010000 OTHER            12/1/27
7032626  7032626WN     GROCHOWSKI     4535 CISCO ROAD                  NEWBERRY SP         CA     923650000 SFR              12/1/27
7032709  7032709WN     BONIFAZ        915 SUNSET AVENUE                ASBURY PARK         NJ      77120000 2-4 UNITS        10/1/27
7032808  7032808WN     PLUMMER        109 HILL STREET                  SMELTERVILL         ID     838680000 SFR              10/1/27
7032972  7032972WN     RAY-TURNER     602 LATHROP STREET               FAIRBANKS           AK     997010000 SFR              10/1/27
7033053  7033053WN     ATKINSON       615 LYNN STREET                  GREENSBURG          PA     156010000 SFR               9/1/27
7033061  7033061WN     VOLPE          4531 NW 34TH COURT               LAUDERDALE          FL     333190000 SFR              12/1/12
7033103  7033103WN     FRICKE         10190 IMPERIAL POINT             LARGO               FL     337740000 2-4 UNITS        11/1/27
7033152  7033152WN     ENGLISH        9616 HADLEY STREET               MERRIAM             KS     662120000 SFR              11/1/27
7033210  7033210WN     JONES          509 EGGERING                     OFALLON             MO     633660000 SFR              10/1/27
7033251  7033251WN     CARADINE       3616 INDIANA                     ST. LOUIS           MO     631180000 OTHER            10/1/27
7033293  7033293WN     TREGENZA       5408 SOUTH ROCKWOOD              OKLAHOMA CI         OK     731190000 SFR              12/1/27
7033301  7033301WN     KOENENN        11360 RAILROAD STREET            GULFPORT            MS     395030000 SFR              10/1/27
7033376  7033376WN     GILLAND        9116 LEXINGTON NORTH             ALBUQUERQUE         NM     871120000 SFR              12/1/27
7033384  7033384WN     BATES          120 MOUNTAIN VALLEY              TIJERAS             NM     870590000 SFR              12/1/27
7033392  7033392WN     TRUJILLO       OFF CR 0087                      CHIMAYO             NM     870250000 OTHER            12/1/27

<CAPTION>

Servicer                                 4/1/98                    Current                          
  Loan    AMRESCO        Last          Scheduled     Current         P&I        Occupancy  Original                           Due  
 Number  Loan Number     Name           Balance       Rate         Payment   LTV  Status     Term  Servicer     Originator    Date 
- -------- ----------      ----          ---------      ----         -------   ---- ------     ----  --------     ----------    ---- 
<S>      <C>           <C>            <C>            <C>         <C>       <C>  <C>          <C>  <C>           <C>           <C>
7030208  7030208WN     OSBORN          99,843.25      9.25         822.68  69.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7030224  7030224WN     NOVAK           71,625.75     10.5          655.98  89.9 OWNER        360  WENDOVER      WMC EQUITY    4/1/98
7030265  7030265WN     CASH            89,866.14      9.5          756.77    31 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7030281  7030281WN     BIGHAM          76,879.31      9.25         633.46  47.8 OWNER        360  WENDOVER      WMC EQUITY    4/1/98
7030331  7030331WN     FARSHAD-JONE   196,757.11      9.5        1,658.59  74.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7030380  7030380WN     ALLENSWORTH     29,928.71      9.74         257.53  42.2 NON OWNER    360  WENDOVER      WMC EQUITY    3/1/98
7030406  7030406WN     SAWYER          66,216.65     10.99         630.89  82.8 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7030422  7030422WN     CABRAL          64,898.12      9.25         534.74  49.6 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7030471  7030471WN     CALDERON       119,453.17      9.5          961.53  65.6 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7030489  7030489WN     GONZALES        89,858.94      9.25         740.41  38.3 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7030497  7030497WN     YOUNG          187,173.99      8.75       1,475.07  74.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7030596  7030596WN     KNADLER         48,213.06     10.5          441.82  69.9 NON OWNER    360  WENDOVER      WMC EQUITY    3/1/98
7030653  7030653WN     NASH            88,819.62      8            653.06  54.8 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7030687  7030687WN     MUSTAFA         47,909.10      9.74         412.05  58.5 NON OWNER    360  WENDOVER      WMC EQUITY    3/1/98
7030703  7030703WN     BARBEE         104,797.75      8.25         788.83  69.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7030760  7030760WN     BENOIT         100,515.36      8.75         792.61  64.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7030802  7030802WN     HOLDERITH       42,176.52      8.75         332.39  64.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7030810  7030810WN     ELLEDGE         99,059.99      9.75         852.29  79.9 NON OWNER    360  WENDOVER      WMC EQUITY    3/1/98
7030828  7030828WN     SOLIS           94,380.09     10.25         846.82  69.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7030992  7030992WN     JEFFERSON      294,552.38     10.99       2,809.03  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7031016  7031016WN     RAMIREZ         92,582.37     10.25         830.69  89.9 OWNER        360  WENDOVER      WMC EQUITY    4/1/98
7031164  7031164WN     GLASTETTER      59,871.99     10.25         537.67  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7031248  7031248WN     CRANE           58,433.33     10.75         546.09  74.9 NON OWNER    360  WENDOVER      WMC EQUITY    3/1/98
7031255  7031255WN     TIONGCO        100,966.79     10.75         943.59  84.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7031313  7031313WN     JONES           58,925.14     10.25         528.7   69.4 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7031370  7031370WN     LANE            24,981.65     12.75         271.68  62.5 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7031487  7031487WN     BRUCE           33,477.02     12.75         365.13  69.7 OWNER        360  WENDOVER      WMC EQUITY    4/1/98
7031503  7031503WN     GOUDEAU         30,365.35     10.75         283.78  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7031628  7031628WN     GRAHAM-WILSO    62,931.83     10.99         599.49  89.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7031636  7031636WN     TUCKER          69,932.10     11.49         692.67  64.8 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7031727  7031727WN     PETTIT          27,817.83     11.25         322.66  79.7 OWNER        180  WENDOVER      WMC EQUITY    3/1/98
7031875  7031875WN     KNOWLTON        84,792.28     10.25         760.79  67.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7032147  7032147WN     HOLDEN          53,923.34     11.5          635.5   79.5 OWNER        180  WENDOVER      WMC EQUITY    3/1/98
7032204  7032204WN     ROBERTS         34,040.44     11.75         407.35  79.3 OWNER        180  WENDOVER      WMC EQUITY    3/1/98
7032212  7032212WN     WILLBANKS       63,838.88     10.25         572.79  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7032220  7032220WN     BURWELL        112,203.86      9.25         925.51  49.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7032295  7032295WN     SOUSA           49,882.26      9.99         541.03  64.5 NON OWNER    180  WENDOVER      WMC EQUITY    3/1/98
7032337  7032337WN     BOJORQUEZ       60,193.08      8.5          597.74  60.8 OWNER        180  WENDOVER      WMC EQUITY    4/1/98
7032345  7032345WN     GARVEY          91,632.19      9.75         789.14  74.8 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7032576  7032576WN     HILLING SR      85,386.45     10.25         937.36  79.3 OWNER        180  WENDOVER      WMC EQUITY    3/1/98
7032584  7032584WN     TORRES          39,946.33      9.99         350.74  76.1 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7032592  7032592WN     FINLEY          64,406.80      9.63         548.25  74.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7032618  7032618WN     HESSRAUTIO     118,385.28     11.5        1,173.50    75 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7032626  7032626WN     GROCHOWSKI      54,294.11      9.5          457.22  74.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7032709  7032709WN     BONIFAZ         59,891.02     11            571.4     47 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7032808  7032808WN     PLUMMER         25,542.35     10.25         229.41  79.8 NON OWNER    360  WENDOVER      WMC EQUITY    4/1/98
7032972  7032972WN     RAY-TURNER      73,457.93     10.75         687.05  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7033053  7033053WN     ATKINSON        30,491.63     11.25         296.77  89.8 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7033061  7033061WN     VOLPE           56,003.70     10.5          625.11  64.5 NON OWNER    180  WENDOVER      WMC EQUITY    3/1/98
7033103  7033103WN     FRICKE          34,075.52     10.99         324.73  69.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7033152  7033152WN     ENGLISH         50,972.05     10.75         476.55  79.8 OWNER        360  WENDOVER      WMC EQUITY    4/1/98
7033210  7033210WN     JONES           49,121.77     12.25         515.57  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7033251  7033251WN     CARADINE        33,707.30     12.65         364.14  74.9 NON OWNER    360  WENDOVER      WMC EQUITY    3/1/98
7033293  7033293WN     TREGENZA        33,925.07     12.75         368.94    70 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7033301  7033301WN     KOENENN         49,697.23     12.25         523.95    71 NON OWNER    360  WENDOVER      WMC EQUITY    4/1/98
7033376  7033376WN     GILLAND         48,890.11      9.99         429.65  56.2 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7033384  7033384WN     BATES           59,941.91     11.5          594.18    60 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7033392  7033392WN     TRUJILLO        49,942.75     10.75         466.75  63.2 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
</TABLE>                              

                                 Page 22 of 25
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>           <C>            <C>                              <C>                 <C>    <C>       <C>              <C>
7033475  7033475WN     YOUNG          4724 SUNDOWN ROAD                FARMINGTON          NM     874010000 SFR              12/1/27
7033517  7033517WN     BLINN          819 NORTH COLLEGE AV             TEMPE               AZ     852810000 2-4 UNITS        12/1/27
7033921  7033921WN     HARRIS         8110 SOUTH CLAREMONT             CHICAGO             IL     606200000 SFR              12/1/12
7033947  7033947WN     FORD-HARRIS    2549 NORTH BOULEVARD             INDIANAPOLI         IN     462080000 SFR              12/1/27
7034002  7034002WN     FIELDS         404 WEST CARVER STRE             LAKELAND            FL     338050000 SFR              10/1/27
7034010  7034010WN     BALDWIN        20 SECOND STREET                 ANDOVER             NH      32160000 SFR              12/1/27
7034168  7034168WN     HORTON         5107 REGENCY DRIVE               AUSTIN              TX     787240000 SFR              12/1/27
7034184  7034184WN     LANG           2502 MAIN STREET                 BATON ROUGE         LA     708020000 SFR              10/1/27
7034218  7034218WN     SINGLETON      3815 CROMWELL STREET             JACKSON             MS     392130000 SFR              11/1/27
7034259  7034259WN     SCHULTZ        299 CHARLES AVENUE               ST. PAUL            MN     551030000 SFR              10/1/27
7034457  7034457WN     JOHNSON        197 DEERFIELD ROAD-H             UPPER DEERF         NJ      83180000 SFR              12/1/27
7034523  7034523WN     NETTLES        1519 A KINGS ROAD                HARVEY              LA     700580000 OTHER            11/1/27
7034549  7034549WN     WILLIAMS       2691 AIRDALE                     GREENVILLE          MS     387010000 SFR              12/1/12
7034622  7034622WN     SHARKEY        15503 EAST 41ST                  INDEPENDENC         MO     640550000 SFR              10/1/27
7034689  7034689WN     SCHLIEP        9213-9 41ST AVENUE               NEW HOPE            MN     554270000 2-4 UNITS        12/1/27
7034697  7034697WN     PETERSON       445 NORTH M STREET               FREMONT             NE     680250000 SFR              10/1/27
7034754  7034754WN     MORGAN         1821 WEST ARCHER STRE            TULSA               OK     741270000 SFR              12/1/27
7034762  7034762WN     MONTELLA       ROUTE 1                          RICHVILLE           MN     565760000 SFR              12/1/27
7034804  7034804WN     ROGERS         1723 MORGAN AVENUE               PARSONS             KS     673570000 SFR              12/1/27
7034861  7034861WN     JAMES          604 23RD STREET EAST             PALMETTO            FL     342210000 SFR              12/1/27
7034911  7034911WN     WALDRIDGE      1220 CLARK STREET                NEW ALBANY          IN     471500000 SFR              12/1/27
7034960  7034960WN     MCNIFF         111 LEWIS ROAD                   YARMOUTH            MA      26730000 SFR              12/1/27
7035108  7035108WN     HOSMER         202 NORTH ST. LOUIS              LOVELAND            CO     805370000 SFR              12/1/12
7035116  7035116WN     DARNELL        1959 RAYBURN                     SAN ANTONIO         TX     782240000 SFR              12/1/27
7035165  7035165WN     POWELL         6802 NORTH BOUVIER ST            PHILADELPHI         PA     191260000 OTHER            12/1/27
7035173  7035173WN     BARBOZA        5901 DEVON PLACE                 PHILADELPHI         PA     191380000 SFR              12/1/27
7035199  7035199WN     JOHNSON        1217 WEST 46TH STREET            LOS ANGELES         CA     900370000 SFR              11/1/27
7035223  7035223WN     PIERCE         1317 EAST DECATUR AVE            SPOKANE             WA     992070000 SFR              11/1/12
7035272  7035272WN     JOSEPH         704 SOUTH SWINTON AV             DELRAY BEAC         FL     334440000 SFR              12/1/27
7035298  7035298WN     GARRETT        2391 PLANTATION ROAD             HEPHZIBAH           GA     308150000 OTHER            12/1/12
7035348  7035348WN     OLSON          2760 NORTH LAGOON DRI            WASILLA             AK     996540000 SFR              12/1/27
7035405  7035405WN     THOMAS         W4604 370TH AVENUE               SALEM TOWNS         WI     540110000 SFR              12/1/27
7035595  7035595WN     BIRCH SR       7707 BROOKLYN AVENUE             KANSAS CITY         MO     641320000 SFR              11/1/27
7035637  7035637WN     SNIPES         10520 MURAT                      ST. LOUIS           MO     631360000 SFR              12/1/27
7035686  7035686WN     VAUGHN         7712 RAWLINGS AVENUE             CLEVELAND           OH     441040000 SFR              12/1/12
7035827  7035827WN     JACKSON        7149 VARJO STREET                DETROIT             MI     482120000 SFR              12/1/27
7035942  7035942WN     PALENICK       29499 60TH AVENUE                LAWTON              MI     490650000 SFR              12/1/27
7035975  7035975WN     WHITE          1446 EAST 51ST PLACE             GARY                IN     464090000 SFR              12/1/12
7036098  7036098WN     MILLER         3530 N.W. 171ST STREE            MIAMI               FL     330560000 SFR              12/1/27
7036148  7036148WN     BROWN          29066 LANKFORD HIGHWAY           TOWNSEND            VA     234430000 SFR              12/1/12
7036239  7036239WN     SUSI           10 WOODMAN WAY 8                 NEWBURYPORT         MA      19500000 2-4 UNITS        11/1/27
7036270  7036270WN     HARVEYKIRKLA   2032 WEST 14TH STREET            JACKSONVILL         FL     322090000 SFR              12/1/27
7036312  7036312WN     MAZUR          1639 FILLMORE STREET             PHILADELPHI         PA     191240000 SFR              12/1/12
7036353  7036353WN     WEATHERLY      3541 L. OGEA ROAD                LAKE CHARLE         LA     706050000 SFR              11/1/27
7036387  7036387WN     WILLIAMS       5567 TIKI LANE                   JACKSON             MS     392120000 SFR              12/1/27
7036437  7036437WN     MARTINEZ       1812 KENTUCKY STREET             BAKERSFIELD         CA     933050000 SFR              12/1/27
7036452  7036452WN     WALLACE        831 FOXBORO LANE                 DALLAS              TX     752410000 SFR              12/1/27
7036478  7036478WN     BIROS          7334 72ND LANE NORTH             BROOKLYN PA         MN     554280000 2-4 UNITS        12/1/27
7036635  7036635WN     FIGUEROA JR    323 MULBERRY STREET              READING             PA     196040000 SFR              12/1/27
7036726  7036726WN     AVENA          311-31 NEW MAGNOLIA ROA          VINELAND            NJ      83600000 2-4 UNITS        11/1/27
7036825  7036825WN     BLAIR          1305 GRAY CREEK LANE             KNOXVILLE           TN     379230000 SFR              12/1/27
7036858  7036858WN     STARRETT       4920 POCAHONTAS LANE             LAKELAND            FL     338100000 SFR              12/1/27
7036866  7036866WN     WEST           2546 HORD AVENUE                 ST. LOUIS           MO     631360000 SFR              12/1/27
7036940  7036940WN     ROBINSON       2907 HARPER STREET               ST. LOUIS           MO     631070000 2-4 UNITS        12/1/27
7036957  7036957WN     DOLE           2725 POTTER STREET               EUGENE              OR     974050000 SFR              11/1/27
7036981  7036981WN     GOFF           2315 NORTH ATLANTA PL            TULSA               OK     741100000 SFR              12/1/27
7037047  7037047WN     GARNER         8018 NORTH 55TH AVENU            GLENDALE            AZ     853020000 SFR              12/1/27
7037062  7037062WN     CAMACHO        3651 BEAR CREEK DRIVE            LAS VEGAS           NV     891150000 SFR              12/1/27

<CAPTION>

Servicer                                 4/1/98                    Current                                      
  Loan    AMRESCO        Last          Scheduled     Current         P&I        Occupancy  Original                            Due  
 Number  Loan Number     Name           Balance       Rate         Payment   LTV  Status     Term  Servicer     Originator     Date 
- -------- ----------      ----          ---------      ----         -------   ---- ------     ----  --------     ----------     ---- 
<S>      <C>           <C>            <C>            <C>         <C>      <C>   <C>          <C>  <C>           <C>           <C>
7033475  7033475WN     YOUNG           89,891.75     10.5          823.27  45.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7033517  7033517WN     BLINN           62,172.34      8.75         491.69  60.4 NON OWNER    360  WENDOVER      WMC EQUITY    3/1/98
7033921  7033921WN     HARRIS          85,863.00     11.74       1,022.54  89.6 OWNER        180  WENDOVER      WMC EQUITY    3/1/98
7033947  7033947WN     FORD-HARRIS     25,851.74     12.49         275.96    75 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7034002  7034002WN     FIELDS          28,655.70     11.75         289.71  69.9 NON OWNER    360  WENDOVER      WMC EQUITY    3/1/98
7034010  7034010WN     BALDWIN         92,523.05      9.88         804.53  84.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7034168  7034168WN     HORTON          55,053.42     11.5          547.14  84.7 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7034184  7034184WN     LANG            44,028.16     11.5          436.72  89.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7034218  7034218WN     SINGLETON       46,138.44     11.74         468.02  79.6 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7034259  7034259WN     SCHULTZ         30,713.98     12.99         339.92  74.9 OWNER        360  WENDOVER      WMC EQUITY    4/1/98
7034457  7034457WN     JOHNSON         40,271.98     12.99         445.49    65 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7034523  7034523WN     NETTLES         34,798.36     10.88         328.6   84.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7034549  7034549WN     WILLIAMS        16,687.86     10.99         190.85  79.6 OWNER        180  WENDOVER      WMC EQUITY    3/1/98
7034622  7034622WN     SHARKEY         54,869.58      9.75         472.54    61 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7034689  7034689WN     SCHLIEP        215,766.30     10.99       2,055.39  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7034697  7034697WN     PETERSON        45,542.66     12.75         495.54  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7034754  7034754WN     MORGAN          16,784.58     11.75         169.59    80 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7034762  7034762WN     MONTELLA        96,661.87     10.25         867.43  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7034804  7034804WN     ROGERS          32,699.59     12.5          349.27    85 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7034861  7034861WN     JAMES           37,673.77     12.99         416.75    65 OWNER        360  WENDOVER      WMC EQUITY    4/1/98
7034911  7034911WN     WALDRIDGE       23,179.84     11.99         238.46    80 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7034960  7034960WN     MCNIFF          94,266.51      9.74         810.35  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7035108  7035108WN     HOSMER          78,422.88      9.99         848.46  65.5 OWNER        180  WENDOVER      WMC EQUITY    3/1/98
7035116  7035116WN     DARNELL         55,958.92     12.75         608.55    80 NON OWNER    360  WENDOVER      WMC EQUITY    3/1/98
7035165  7035165WN     POWELL          51,961.83     12.75         565.09    80 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7035173  7035173WN     BARBOZA         77,945.77     12.99         862.23    65 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7035199  7035199WN     JOHNSON         82,796.72      8.5          638.2   60.5 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7035223  7035223WN     PIERCE          32,110.36      8.99         329.45  48.8 NON OWNER    180  WENDOVER      WMC EQUITY    3/1/98
7035272  7035272WN     JOSEPH          83,909.30     11            799.96  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7035298  7035298WN     GARRETT         29,795.37     10.74         336.1   59.7 OWNER        180  WENDOVER      WMC EQUITY    3/1/98
7035348  7035348WN     OLSON           89,907.98     11.25         874.14  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7035405  7035405WN     THOMAS          45,460.55     12            468.02    65 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7035595  7035595WN     BIRCH SR        55,950.76     13.25         630.44    70 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7035637  7035637WN     SNIPES          48,717.30     13.15         545       75 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7035686  7035686WN     VAUGHN          25,016.04     10            270.81  55.7 OWNER        180  WENDOVER      WMC EQUITY    3/1/98
7035827  7035827WN     JACKSON         30,771.77     11.75         310.9     70 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7035942  7035942WN     PALENICK        19,985.33     12.75         217.34  26.6 OWNER        360  WENDOVER      WMC EQUITY    5/1/98
7035975  7035975WN     WHITE           38,028.71     12.5          471.44  84.7 OWNER        180  WENDOVER      WMC EQUITY    3/1/98
7036098  7036098WN     MILLER          73,739.46     12.25         773.35    90 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7036148  7036148WN     BROWN           19,857.28     10.25         218       51 OWNER        180  WENDOVER      WMC EQUITY    3/1/98
7036239  7036239WN     SUSI            42,834.49     10.75         400.47  64.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7036270  7036270WN     HARVEYKIRKLA    26,956.24     12.99         298.19    65 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7036312  7036312WN     MAZUR           22,169.99     11.99         268.7   69.4 NON OWNER    180  WENDOVER      WMC EQUITY    3/1/98
7036353  7036353WN     WEATHERLY       46,342.82     11.74         468.02  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7036387  7036387WN     WILLIAMS        44,581.80     11.5          441.92  84.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7036437  7036437WN     MARTINEZ        41,212.11     11.74         416.07    75 NON OWNER    360  WENDOVER      WMC EQUITY    3/1/98
7036452  7036452WN     WALLACE         66,132.31     11.25         642.98  88.8 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7036478  7036478WN     BIROS           24,697.34     11.75         249.53    80 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7036635  7036635WN     FIGUEROA JR     20,156.52     11.75         203.65  74.9 OWNER        360  WENDOVER      WMC EQUITY    4/1/98
7036726  7036726WN     AVENA          123,605.89     11.99       1,271.96  74.9 OWNER        360  WENDOVER      WMC EQUITY    4/1/98
7036825  7036825WN     BLAIR           59,468.74     14.25         716.79  64.7 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7036858  7036858WN     STARRETT        31,930.47     12.99         353.74    56 OWNER        360  WENDOVER      WMC EQUITY    4/1/98
7036866  7036866WN     WEST            37,451.22     12.65         404.6   74.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7036940  7036940WN     ROBINSON        24,456.28     11.5          242.43  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7036957  7036957WN     DOLE            79,767.57     10.74         746.19  72.5 NON OWNER    360  WENDOVER      WMC EQUITY    3/1/98
7036981  7036981WN     GOFF            25,974.77     11.49         257.28  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7037047  7037047WN     GARNER          72,743.50     12.5          776.97    80 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7037062  7037062WN     CAMACHO         64,238.10      8.75         506.25  71.4 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
</TABLE>                              

                                 Page 23 of 25
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>           <C>            <C>                              <C>                 <C>    <C>       <C>              <C>
7037179  7037179WN     HARDING        10550 WEST ALICE AVENU           PEORIA              AZ     853450000 SFR              12/1/27
7037187  7037187WN     BELL           317 IDLEWILD STREET              JACKSON             MS     392130000 SFR              12/1/12
7037211  7037211WN     ORDAZ          1220 RUSSWOOD ROAD               MEMPHIS             TN     381220000 SFR              11/1/27
7037237  7037237WN     BROWN          ROUTE 1 BOX 3860                 ADAIR               OK     743300000 SFR              12/1/27
7037286  7037286WN     ROBERSON       215 EAST 55TH STREET             TULSA               OK     741260000 SFR              12/1/27
7037310  7037310WN     ALEXANDER      601 SOUTHWEST 9TH ST             DELRAY BEAC         FL     334440000 SFR              12/1/27
7037476  7037476WN     DAVIS          1326 COLUMBUS STREET             ALBERMARLE          NC     280010000 SFR              12/1/27
7037534  7037534WN     PEOPLES        220 PINE STREET                  ORLANDO             FL     328240000 SFR              12/1/27
7037559  7037559WN     SCRUGGS        115 WALKER STREET                CHESNEE             SC     293230000 SFR              12/1/27
7037849  7037849WN     MOORE          ROUTE 1 BOX 172B                 CATOOSA             OK     740150000 SFR              12/1/27
7037856  7037856WN     GALLAGHER-ES   2307 MCCULLOUGH AVENU            SAN ANTONIO         TX     782120000 SFR              12/1/27
7037864  7037864WN     FOSTER         1705 SOUTH 13TH STREE            COUNCIL BLU         IA     515010000 SFR              12/1/27
7037880  7037880WN     WELCH          719 MERRICK                      SUGAR LAND          TX     774780000 OTHER            11/1/12
7037922  7037922WN     PIERCE         1433 SPAIN STREET                NEW ORLEANS         LA     701170000 SFR              11/1/27
7038003  7038003WN     ERVI           4 ALTO DRIVE                     ALTO                NM     883120000 SFR              11/1/27
7038052  7038052WN     TAMEZ          2207 STILLWATER DRIVE            MESQUITE            TX     751810000 SFR              12/1/27
7038060  7038060WN     PENDLETON      644 32ND STREET                  WEST PALM B         FL     334070000 SFR              12/1/27
7038078  7038078WN     MALINOWSKI     6376 GRAYSON STREET              ENGLEWOOD           FL     342240000 SFR              11/1/27
7038151  7038151WN     SMITH JR       807 38TH STREET                  WEST PALM B         FL     334070000 SFR              11/1/27
7038284  7038284WN     JANVRIN        138 CENTENNIAL STREE             SEABROOK            NH      38740000 SFR              12/1/27
7038334  7038334WN     SEBRING        PO BOX 97 UPPER                  SWIFTWATER          PA     183700000 SFR              12/1/12
7038409  7038409WN     ROBINSON       815 SEMINARY STREET              ROCKFORD            IL     611040000 SFR              12/1/27
7038433  7038433WN     CALDWELL       305 NORTH 9TH STREET             PEKIN               IL     615540000 SFR              12/1/12
7038508  7038508WN     JACKSON        3318 WEST CENTER STRE            MILWAUKEE           WI     532100000 SFR              12/1/27
7038557  7038557WN     SANCHEZ        990 INMAN STREET                 AKRON               OH     443060000 SFR              12/1/27
7038656  7038656WN     O SCALES SR    501 SE 157TH AVENUE              PORTLAND            OR     972330000 OTHER            11/1/12
7038664  7038664WN     O SCALES SR    4062 NORTHEAST 8TH AV            PORTLAND            OR     972120000 SFR              11/1/12
7038698  7038698WN     O SCALES SR    7336 SOUTHEAST BROOKL            PORTLAND            OR     972060000 SFR              11/1/12
7038847  7038847WN     OBRIEN         16751 PARTHENIA STREET           LOS ANGELES         CA     913430000 2-4 UNITS        12/1/27
7039340  7039340WN     DEUTCHMAN SR   1021 2ND AVENUE SOUTH            SAUK RAPIDS         MN     563790000 SFR              12/1/27
7039373  7039373WN     WITKOP         LOT R-4B OF M.S. 136             NEMO                SD     577590000 OTHER             1/1/28
7039407  7039407WN     KAFARELA       702 LEICESTER LANE               HOUSTON             TX     770340000 OTHER            12/1/27
7039415  7039415WN     EDWARDS        1849 ALSACE AVENUE               LOS ANGELES         CA     900190000 SFR              12/1/27
7039522  7039522WN     OCHOA          1344 N.W. 1ST AVENUE             FORT LAUDER         FL     333110000 SFR              12/1/27
7039530  7039530WN     PACE           1130 WEST 35TH STREET            INDIANAPOLI         IN     462080000 SFR              12/1/12
7039605  7039605WN     MCMURRAIN      1537 PATRICK AVENUE              TALLAHASSEE         FL     323040000 SFR              12/1/27
7039621  7039621WN     PONCE JR       2819 FULTON STREET               BROOKLYN            NY     112070000 2-4 UNITS        12/1/27
7039696  7039696WN     MAITH          4709 WRENWOOD AVENUE             BALTIMORE           MD     212120000 SFR              12/1/27
7039720  7039720WN     HAMPTON        330 WEST 9TH STREET              LAKELAND            FL     338050000 SFR              12/1/27
7039738  7039738WN     PATTON         2209 CLERMONT CIRCLE             PLANO               TX     750230000 SFR              12/1/27
7039787  7039787WN     HERNANDEZ      1913 3RD AVENUE NORTH            TEXAS CITY          TX     775900000 SFR              12/1/27
7039829  7039829WN     KENDRICK       1711 WEST 60TH STREET            LOS ANGELES         CA     900470000 SFR              12/1/27
7039845  7039845WN     JOHNSON        3895 JEFFERSON STREET            BAKER               LA     707140000 SFR              11/1/12
7039902  7039902WN     JACKSONSINGL   127 SANFORD STREET               JACKSON             MS     392090000 SFR              12/1/12
7039928  7039928WN     MALDONADO      3212 BEACHCOMBER DRIV            EL PASO             TX     799360000 SFR              12/1/27
7039969  7039969WN     CHAMBERS       6332 WHITMORE STREET             OMAHA               NE     681520000 OTHER            11/1/27
7040066  7040066WN     GALLOWAY       759 EAST 95TH STREET             CLEVELAND           OH     441080000 SFR              12/1/27
7040082  7040082WN     MOORE          20010 SHAKERWOOD                 WARRENSVILL         OH     441180000 SFR              12/1/27
7040140  7040140WN     NIETO          526 OLEANDER DRIVE               LOS ANGELES         CA     900420000 SFR              11/1/27
7040157  7040157WN     LEWIS          7717 EAST 110TH STREE            KANSAS CITY         MO     641340000 SFR              11/1/12
7040249  7040249WN     LAWRENCE       2488 4TH STREET                  WORDEN              MT     590880000 SFR              12/1/27
7040264  7040264WN     FISHER         708 LINDSAY STREET               GAINESVILLE         TX     762400000 SFR              12/1/27
7040272  7040272WN     FORREST        7709 EAST 4TH STREET             TULSA               OK     740120000 SFR              12/1/27
7040330  7040330WN     MEDINA         5214 BLESSING STREET             SAN ANTONIO         TX     782280000 SFR              12/1/27
7040355  7040355WN     PAVOLINI       1211 BOWEN AVENUE                OCEAN SPRIN         MS     395640000 SFR              12/1/27
7040389  7040389WN     SHAW           1222 NORTH VILLERE ST            NEW ORLEANS         LA     701160000 SFR              12/1/27
7040413  7040413WN     STRADER        ROUTE 2 BOX 137H                 EDWARDS             MO     653260000 SFR              12/1/27
7040439  7040439WN     WATSON         113 NORTH STREET                 NATCHEZ             MS     391200000 SFR              12/1/27

<CAPTION>

Servicer                                 4/1/98                    Current                                
  Loan    AMRESCO        Last          Scheduled     Current         P&I        Occupancy  Original                           Due  
 Number  Loan Number     Name           Balance       Rate         Payment   LTV  Status     Term  Servicer     Originator    Date 
- -------- ----------      ----          ---------      ----         -------   ---- ------     ----  --------     ----------    ---- 
<S>      <C>           <C>            <C>            <C>         <C>       <C>  <C>          <C>  <C>           <C>           <C>
7037179  7037179WN     HARDING         56,435.61     10.75         527.42  68.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7037187  7037187WN     BELL            29,092.35     13.25         374.91  74.7 OWNER        180  WENDOVER      WMC EQUITY    3/1/98
7037211  7037211WN     ORDAZ           46,324.17     12.25         486.23  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7037237  7037237WN     BROWN           51,930.24      9.99         455.96  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7037286  7037286WN     ROBERSON        20,784.72     12.75         226.04    65 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7037310  7037310WN     ALEXANDER       29,879.22     12.99         330.52    65 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7037476  7037476WN     DAVIS           67,944.23     12.25         712.57    80 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7037534  7037534WN     PEOPLES         32,477.38     12.99         359.27    65 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7037559  7037559WN     SCRUGGS         28,476.60     12.25         298.66    75 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7037849  7037849WN     MOORE           44,933.05      9.5          378.39  59.2 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7037856  7037856WN     GALLAGHER-ES    94,933.97     12.99       1,050.15  44.2 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7037864  7037864WN     FOSTER          19,975.94     10.5          182.95  51.2 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7037880  7037880WN     WELCH          101,379.34     10.5        1,143.96    66 OWNER        180  WENDOVER      WMC EQUITY    3/1/98
7037922  7037922WN     PIERCE          44,039.59     11.25         428.33  69.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7038003  7038003WN     ERVI            39,922.94     11            380.93  57.1 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7038052  7038052WN     TAMEZ          118,811.67     11.99       1,222.26    85 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7038060  7038060WN     PENDLETON       22,106.80     12.24         231.68    75 NON OWNER    360  WENDOVER      WMC EQUITY    3/1/98
7038078  7038078WN     MALINOWSKI      70,322.62     12.25         737.72  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7038151  7038151WN     SMITH JR        51,152.26     12.99         565.98  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7038284  7038284WN     JANVRIN         69,232.33     11.49         685.75  55.8 OWNER        360  WENDOVER      WMC EQUITY    4/1/98
7038334  7038334WN     SEBRING         74,402.03      9.5          783.17  50.7 OWNER        180  WENDOVER      WMC EQUITY    3/1/98
7038409  7038409WN     ROBINSON        30,821.71     11.75         311.41  68.5 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7038433  7038433WN     CALDWELL        22,605.37     11.5          265.77  64.7 OWNER        180  WENDOVER      WMC EQUITY    3/1/98
7038508  7038508WN     JACKSON         26,152.25     11.99         269.04    75 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7038557  7038557WN     SANCHEZ         50,742.10     10.75         474.21  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7038656  7038656WN     O SCALES SR    202,635.47      9.99       1,779.98  69.9 NON OWNER    180  WENDOVER      WMC EQUITY    3/1/98
7038664  7038664WN     O SCALES SR    104,811.45      9.99         920.68  69.9 NON OWNER    180  WENDOVER      WMC EQUITY    3/1/98
7038698  7038698WN     O SCALES SR    104,811.45      9.99         920.68  69.9 NON OWNER    180  WENDOVER      WMC EQUITY    3/1/98
7038847  7038847WN     OBRIEN          38,153.11     10.5          349.89  84.8 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7039340  7039340WN     DEUTCHMAN SR    67,077.34     10.99         638.98  84.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7039373  7039373WN     WITKOP          34,423.51     10.75         321.59    65 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7039407  7039407WN     KAFARELA        53,516.83     13.5          613.37    70 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7039415  7039415WN     EDWARDS         87,597.43      8.75         690.33  64.9 OWNER        360  WENDOVER      WMC EQUITY    4/1/98
7039522  7039522WN     OCHOA           66,900.86     12.75         727.55    65 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7039530  7039530WN     PACE            31,244.33     11.25         362.99  69.6 NON OWNER    180  WENDOVER      WMC EQUITY    3/1/98
7039605  7039605WN     MCMURRAIN       25,577.79     12            263.33    80 NON OWNER    360  WENDOVER      WMC EQUITY    3/1/98
7039621  7039621WN     PONCE JR        90,857.36      9.25         748.64  64.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7039696  7039696WN     MAITH           46,561.69     11.5          462.67  77.6 OWNER        360  WENDOVER      WMC EQUITY    4/1/98
7039720  7039720WN     HAMPTON         55,895.19     12            578.6   73.6 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7039738  7039738WN     PATTON         109,852.46      9.99         964.52  64.6 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7039787  7039787WN     HERNANDEZ       38,955.54     10.75         364.06  74.9 OWNER        360  WENDOVER      WMC EQUITY    4/1/98
7039829  7039829WN     KENDRICK        91,876.61      9.99         806.69  79.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7039845  7039845WN     JOHNSON         42,664.52     13.5          489.1   69.9 OWNER        180  WENDOVER      WMC EQUITY    4/1/98
7039902  7039902WN     JACKSONSINGL    28,057.17     11.75         335.71  69.4 NON OWNER    180  WENDOVER      WMC EQUITY    3/1/98
7039928  7039928WN     MALDONADO       41,027.36     13.5          470.77  59.9 NON OWNER    360  WENDOVER      WMC EQUITY    3/1/98
7039969  7039969WN     CHAMBERS        38,963.64     12.99         431.12    49 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7040066  7040066WN     GALLOWAY        37,059.92     11            353.32  69.9 NON OWNER    360  WENDOVER      WMC EQUITY    3/1/98
7040082  7040082WN     MOORE           57,686.56     10.99         549.54  74.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7040140  7040140WN     NIETO           83,804.56      8.75         660.83  69.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7040157  7040157WN     LEWIS           37,656.58      9.5          399.42  83.9 NON OWNER    180  WENDOVER      WMC EQUITY    3/1/98
7040249  7040249WN     LAWRENCE        46,842.16     10.99         447.24  72.1 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7040264  7040264WN     FISHER          56,356.23     12.5          601.94    80 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7040272  7040272WN     FORREST         53,950.50     11.75         545.09  89.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7040330  7040330WN     MEDINA          20,986.98     13.5          240.54  61.7 NON OWNER    360  WENDOVER      WMC EQUITY    3/1/98
7040355  7040355WN     PAVOLINI        78,289.36      9.75         673.58  69.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7040389  7040389WN     SHAW            27,967.44     10.75         261.38  69.9 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7040413  7040413WN     STRADER         59,915.31      9.75         515.5   58.8 OWNER        360  WENDOVER      WMC EQUITY    3/1/98
7040439  7040439WN     WATSON          13,784.19     13.5          158.07  59.9 NON OWNER    360  WENDOVER      WMC EQUITY    3/1/98
</TABLE>                              

                                 Page 24 of 25
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 1 Fixed Rate Loan

<TABLE>
<CAPTION>

Servicer                                                                                                                            
  Loan    AMRESCO        Last                                                                        Zip   Property        Maturity 
 Number  Loan Number     Name              Address                     City             State        Code    Type            Date   
- -------- ----------      ----              -------                     ----             -----        ----  --------          ----   
<S>      <C>           <C>            <C>                              <C>                 <C>    <C>       <C>              <C>
7040520  7040520WN     SCHLESINGER    651 13TH AVENUE NORT             MINNEAPOLIS         MN     554130000 SFR              12/1/27
7040553  7040553WN     REMPEL         828 WEST 5TH STREET              NEWTON              KS     671140000 SFR              12/1/27
7040595  7040595WN     DEBUSK         2706 PIEDMONT STREET             KNOXVILLE           TN     379210000 SFR              12/1/27
7040736  7040736WN     PENDLETON      4506 GREENWOOD AVENUE            WEST PALM B         FL     334070000 SFR              12/1/27
7040751  7040751WN     PENDLETON      5717 PINEWOOD AVENUE             WEST PALM B         FL     334070000 SFR              12/1/27
7040819  7040819WN     MANNING        437 SOUTH 17TH STREE             NEWARK              NJ      71030000 2-4 UNITS        12/1/27
7040876  7040876WN     BLACKBURN      307 CAVE STREET                  ROSSVILLE           GA     307410000 SFR              12/1/27
7041064  7041064WN     SCIORTINO      30105 HUNTINGTON STREE           WALKER              LA     707850000 SFR              12/1/27
7041122  7041122WN     KRACKE         4014 FOURTH AVENUE               SIOUX CITY          IA     511060000 SFR              12/1/27
7041221  7041221WN     WARE           3228 F.M. 2147 EAST              MARBLE FALL         TX     786540000 SFR              12/1/27
7041254  7041254WN     BROWN          570 RIVER LOOP 2                 EUGENE              OR     974040000 SFR              12/1/27
7041270  7041270WN     TOSIANI        3709-1 MINNESOTA AVENUE          ST. LOUIS           MO     631180000 2-4 UNITS        12/1/27
7041296  7041296WN     MCDONALD       10535 LA PLACIDA DRIVE           CORAL SPRIN         FL     330650000 OTHER            12/1/27
7041312  7041312WN     LEWIS          1013-1 JOURDAN AVENUE            NEW ORLEANS         LA     701170000 2-4 UNITS        12/1/27
7041346  7041346WN     LINNENBURGER   1515 EAST HELENA DRIV            PHOENIX             AZ     850220000 OTHER            12/1/27
7041445  7041445WN     JOHNSON        5325 WOOTEN DRIVE                FORTWORTH           TX     761330000 SFR              12/1/27
7041460  7041460WN     EGAN           4821 ALANDALE DRIVE              FOREST HILL         TX     761190000 SFR              12/1/27
7041510  7041510WN     STEPPER        1717 YALE                        BUTTE               MT     597010000 SFR              12/1/12
7041551  7041551WN     KERLEY         109 NORTH PALEFACE R             SPICEWOOD           TX     786690000 SFR              12/1/27
7041627  7041627WN     ELIZONDO       1293 NORTH ECHO AVENU            FRESNO              CA     937280000 SFR              12/1/27
7041635  7041635WN     GOODMAN        9625 NORTHEAST 42ND              SPENCER             OK     730840000 SFR              12/1/27
7041650  7041650WN     TAYLOR         3816 TROY AVENUE                 JACKSON             MS     392130000 SFR              12/1/27
7041692  7041692WN     WONG           1811 MEDOWCREST LANE             DUNCANVILLE         TX     751370000 SFR              12/1/12
7041759  7041759WN     HAYES          1137 WEST ASHWOOD COU            KUNA                ID     836340000 SFR              12/1/27
7041791  7041791WN     DAHL           610 5TH STREET                   ONAWA               IA     510400000 SFR              12/1/27
7041817  7041817WN     BAUER          1304 BURMIESTER ROAD             FT. WORTH           TX     761340000 SFR              12/1/27
7041866  7041866WN     PARKER JR      3357 MOHAWK ROAD                 MACON               GA     312170000 SFR              12/1/12
7041973  7041973WN     SKIFFEY SR     1934 IVES AVENUE                 MAHONING            OH     445050000 SFR              12/1/27
7041999  7041999WN     WALIZER        379 WEST BROAD STREE             DARLINGTON          SC     295320000 SFR              12/1/27
7042062  7042062WN     STORM          527-52 RICHMOND AVENUE           SYRACUSE            NY     132040000 SFR              12/1/27
7042294  7042294WN     KELLEY-BROWN   1600 AIRPORT DRIVE               BAKERSFIELD         CA     933080000 SFR              12/1/27
7042443  7042443WN     FAIR           2 GREENFIELD DRIVE               NATCHEZ             MS     391200000 SFR              12/1/27
7042526  7042526WN     NORLIN         4039 WASHINGTON STREE            COLUMBIA HE         MN     554210000 SFR              12/1/27
7042534  7042534WN     HALL JR        1208 HAVENWOOD DRIVE             MIDWEST CIT         OK     731100000 SFR              12/1/27
7042575  7042575WN     WILSON         1634 PINEWOOD DRIVE              NORMAN              OK     730710000 SFR              12/1/27
7042708  7042708WN     BURGE          310 RAILROAD AVENUE              BAY ST. LOU         MS     395200000 SFR              12/1/12
7042716  7042716WN     MORGAN         171 BARRACUDA                    HITCHCOCK           TX     775630000 SFR              12/1/27
7042823  7042823WN     SISSON         427 CAROTHERS STREET             COPPERAS CO         TX     765220000 SFR              12/1/27
7042864  7042864WN     JOHNSON        2631 ASKEW                       KANSAS              MO     641280000 SFR              12/1/27
7042872  7042872WN     FRAZIER        1421 CROCKETT STREET             GARLAND             TX     750420000 SFR              12/1/27
7042948  7042948WN     SOUMAN         2515 WEST ORANGWOOD              PHOENIX             AZ     850320000 SFR              12/1/27

<CAPTION>

Servicer                                 4/1/98                    Current                                
  Loan    AMRESCO        Last          Scheduled     Current         P&I        Occupancy  Original                           Due  
 Number  Loan Number     Name           Balance       Rate         Payment   LTV  Status     Term  Servicer     Originator    Date 
- -------- ----------      ----          ---------      ----         -------   ---- ------     ----  --------     ----------    ---- 
<S>      <C>           <C>            <C>            <C>         <C>       <C>  <C>          <C>  <C>           <C>          <C>
7040520  7040520WN     SCHLESINGER     51,138.41     10.5          468.35  79.9 NON OWNER    360  WENDOVER      WMC EQUITY   4/1/98
7040553  7040553WN     REMPEL          29,901.39     10.25         268.84  79.7 OWNER        360  WENDOVER      WMC EQUITY   4/1/98
7040595  7040595WN     DEBUSK          42,410.08     10.75         411.67  67.3 OWNER        360  WENDOVER      WMC EQUITY   4/1/98
7040736  7040736WN     PENDLETON       25,103.22     12            258.44    75 NON OWNER    360  WENDOVER      WMC EQUITY   3/1/98
7040751  7040751WN     PENDLETON       23,979.18     12            246.87    75 NON OWNER    360  WENDOVER      WMC EQUITY   3/1/98
7040819  7040819WN     MANNING         41,196.34     12.99         455.71    85 OWNER        360  WENDOVER      WMC EQUITY   3/1/98
7040876  7040876WN     BLACKBURN       26,629.79     12.74         289.4     65 OWNER        360  WENDOVER      WMC EQUITY   3/1/98
7041064  7041064WN     SCIORTINO      106,307.74     12          1,094.45    80 OWNER        360  WENDOVER      WMC EQUITY   3/1/98
7041122  7041122WN     KRACKE          45,517.99     11.75         460.3   79.9 OWNER        360  WENDOVER      WMC EQUITY   4/1/98
7041221  7041221WN     WARE           199,805.98     11.49       1,979.06    74 OWNER        360  WENDOVER      WMC EQUITY   3/1/98
7041254  7041254WN     BROWN           52,172.28      9.5          439.35  54.9 OWNER        360  WENDOVER      WMC EQUITY   3/1/98
7041270  7041270WN     TOSIANI         44,948.60     10.74         419.73  74.9 NON OWNER    360  WENDOVER      WMC EQUITY   4/1/98
7041296  7041296WN     MCDONALD        59,941.91     11.5          594.18  79.9 OWNER        360  WENDOVER      WMC EQUITY   3/1/98
7041312  7041312WN     LEWIS           47,159.06     12            485.51    80 NON OWNER    360  WENDOVER      WMC EQUITY   3/1/98
7041346  7041346WN     LINNENBURGER    42,950.99     10.75         401.4   70.4 OWNER        360  WENDOVER      WMC EQUITY   3/1/98
7041445  7041445WN     JOHNSON         71,917.94     10.75         672.11  89.9 OWNER        360  WENDOVER      WMC EQUITY   3/1/98
7041460  7041460WN     EGAN            35,954.31     10.25         322.6   79.9 NON OWNER    360  WENDOVER      WMC EQUITY   3/1/98
7041510  7041510WN     STEPPER         80,565.76      9.25         835.71  79.6 OWNER        180  WENDOVER      WMC EQUITY   3/1/98
7041551  7041551WN     KERLEY          64,943.64     12            668.6     65 NON OWNER    360  WENDOVER      WMC EQUITY   3/1/98
7041627  7041627WN     ELIZONDO        52,454.46     12            540.03  74.9 OWNER        360  WENDOVER      WMC EQUITY   4/1/98
7041635  7041635WN     GOODMAN         55,206.79     12.5          589.66  84.9 OWNER        360  WENDOVER      WMC EQUITY   4/1/98
7041650  7041650WN     TAYLOR          41,222.94     13.25         464.39    75 OWNER        360  WENDOVER      WMC EQUITY   3/1/98
7041692  7041692WN     WONG            33,558.85     10.25         368.41  64.7 NON OWNER    180  WENDOVER      WMC EQUITY   3/1/98
7041759  7041759WN     HAYES           89,885.78     10.25         806.5   89.9 OWNER        360  WENDOVER      WMC EQUITY   3/1/98
7041791  7041791WN     DAHL            51,247.55     11.25         498.26  89.9 OWNER        360  WENDOVER      WMC EQUITY   3/1/98
7041817  7041817WN     BAUER           54,251.05     10.25         486.77  79.9 OWNER        360  WENDOVER      WMC EQUITY   3/1/98
7041866  7041866WN     PARKER JR       46,473.67     10.5          517.33  79.6 NON OWNER    180  WENDOVER      WMC EQUITY   3/1/98
7041973  7041973WN     SKIFFEY SR      25,484.19     13.5          292.09    60 NON OWNER    360  WENDOVER      WMC EQUITY   3/1/98
7041999  7041999WN     WALIZER         31,501.81     12.74         342.34    65 OWNER        360  WENDOVER      WMC EQUITY   3/1/98
7042062  7042062WN     STORM           73,528.74     11.5          728.86  79.9 NON OWNER    360  WENDOVER      WMC EQUITY   3/1/98
7042294  7042294WN     KELLEY-BROWN    54,271.45      9.75         467.38  79.8 OWNER        360  WENDOVER      WMC EQUITY   5/1/98
7042443  7042443WN     FAIR            59,827.63     11.49         593.72  61.4 OWNER        360  WENDOVER      WMC EQUITY   3/1/98
7042526  7042526WN     NORLIN          59,931.62     10.75         560.09  73.1 OWNER        360  WENDOVER      WMC EQUITY   4/1/98
7042534  7042534WN     HALL JR         54,341.13     10.99         517.66  79.4 OWNER        360  WENDOVER      WMC EQUITY   3/1/98
7042575  7042575WN     WILSON          41,572.67     13.24         468       80 NON OWNER    360  WENDOVER      WMC EQUITY   3/1/98
7042708  7042708WN     BURGE           28,313.41     11.95         341.14  74.7 OWNER        180  WENDOVER      WMC EQUITY   3/1/98
7042716  7042716WN     MORGAN          54,334.57     10.5          497.62  79.9 OWNER        360  WENDOVER      WMC EQUITY   4/1/98
7042823  7042823WN     SISSON          55,939.41     10.99         532.88  79.9 OWNER        360  WENDOVER      WMC EQUITY   3/1/98
7042864  7042864WN     JOHNSON         27,978.21     12.49         298.62    70 OWNER        360  WENDOVER      WMC EQUITY   3/1/98
7042872  7042872WN     FRAZIER         42,443.83     12.75         461.58  63.4 OWNER        360  WENDOVER      WMC EQUITY   3/1/98
7042948  7042948WN     SOUMAN          41,923.11      8.5          322.95  69.9 NON OWNER    360  WENDOVER      WMC EQUITY   3/1/98
                                  --------------
                       Balance    $97,537,938.39
                                  ==============
                       Loan Count          1,433
</TABLE>               

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>

 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----    
 <S>      <C>           <C>              <C>                              <C>                  <C>    <C>   <C>        <C>       
 10005353 10005353WN    BANKS            4432 BINGHAM AVENU               ST. LOUIS            MO     63116 SFR         1/1/28  
 10005908 10005908WN    MATTHEWS         210 ST. JUDE DRIVE               STE. GENEVI          MO     63670 SFR         1/1/28  
 10006112 10006112WN    SAEBENS          305 W. JACKSON STR               OWENSVILLE           MO     65066 SFR         1/1/28  
 10008837 10008837WN    CLARKE           26 AUSTIN STREET                 NEW HAVEN            CT     65150 SFR        11/1/27  
 10009371 10009371WN    CHAHULSKI        5719-5721 HUSS AVE               CLEVELAND            OH     44105 2-4 UNITS  11/1/27  
 10012110 10012110WN    DODSON           2116 CHERRY LANE                 DECATUR              GA     30032 SFR        11/1/27  
 10014124 10014124WN    JOHNSON          6318 BILLINGTON DRIV             HOUSTON              TX     77084 SFR        11/1/27  
 10018604 10018604WN    LEE              650 OLIVEWOOD COUR               LOS BANOS            CA     93635 SFR        12/1/27  
 10018836 10018836WN    OCHS JR.         58 OAK VALLEY DRIV               SAINT PETER          MO     63376 SFR        12/1/27  
 10019271 10019271WN    BIRD             2785 WEST CHESTNUT               WASHINGTON           PA     15301 SFR        12/1/27  
 10026631 10026631WN    SPIVEY           9 ALENIER STREET                 HAMDEN               CT     65140 SFR        12/1/27  
 10030104 10030104WN    BLACK            8719 BOULDER LANE                LITTLE ROCK          AR     72227 SFR         1/1/28  
 10035996 10035996WN    CABRICES         2168-70TH S. 17TH ST             MILWAUKEE            WI     53207 2-4 UNITS   1/1/28  
 10036044 10036044WN    CRISP            2105 -07 WITHNELL AVE            ST. LOUIS            MO     63118 2-4 UNITS   1/1/28  
 10036309 10036309WN    HUBBARD          8320 JEFFERSON AVE               VINITA PARK          MO     63114 SFR         2/1/28  
 10036366 10036366WN    WILSON           544 HOLIDAY AVENUE               HAZELWOOD            MO     63042 SFR        10/1/27  
 10036655 10036655WN    MAY              4263 CASTLEMAN AVE               ST. LOUIS            MO     63110 SFR         2/1/28  
 10036713 10036713WN    GARNER           4060 HELMKAMPF                   FLORRISANT           MO     63033 SFR         2/1/28  
 10036820 10036820WN    STATHES          10310 MONARCH DRIV               ST. LOUIS            MO     63136 SFR         2/1/28  
 10037471 10037471WN    WILLIAMS         18517 25TH AVE EAST              TACOMA               WA     98445 SFR        10/1/27  
 10042927 10042927WN    ALEXANDER        13940 GODDARD                    DETROIT              MI     48212 SFR         2/1/28  
 10043354 10043354WN    KOPEC            66 LUDDINGTON ROAD               WEST ORANGE          NJ     70520 SFR         2/1/28  
 10043487 10043487WN    HILL             3702 S. VAN NESS A               LOS ANGELES          CA     90018 SFR         2/1/28  
 10044030 10044030WN    THOMAS           2812S GAFFEY ST #5               SAN PEDRO A          CA     90731 CONDO       2/1/28  
 10044279 10044279WN    HUGHSTON         6876 NORTH 19TH ST               PHILADELPHI          PA     19126 SFR         2/1/28  
 10044295 10044295WN    CABALLERO        7044 JAMACHA ROAD                SAN DIEGO            CA     92114 SFR         3/1/28  
 10044568 10044568WN    JUAN             15-1782 19TH STREE               KEAAU                HI     96749 SFR         2/1/28  
 10044832 10044832WN    BURGLIN          2122 ALKI AVENUE SW              SEATTLE              WA     98116 2-4 UNITS   2/1/28  
 10044873 10044873WN    DAVIS            920 RUSTY ROAD                   KINGS BEACH          CA     96143 SFR         2/1/28  
 10045128 10045128WN    HANZY            419 EAST 108TH STR               LOS ANGELES          CA     90061 2-4 UNITS   2/1/28  
 10045201 10045201WN    SILVA            2343 NORTH 37TH AVE              HOLLYWOOD            FL     33021 SFR         2/1/28  
 10045235 10045235WN    BOUCHARD         1516 RIVERBEND                   AZLE                 TX     76020 SFR         2/1/28  
 10045490 10045490WN    RADES            4740 NORTH 21ST ST               MILWAUKEE            WI     53209 SFR         2/1/28  
 10045532 10045532WN    BURROW           5542 WEST CONGRESS               CHICAGO              IL     60644 2-4 UNITS   2/1/28  
 10045672 10045672WN    BRIGGS           561 ROSLYN AVENUE                AKRON                OH     44320 SFR         2/1/28  
 10045805 10045805WN    CROSBY           14225 SOTHWEST 10                MIAMI                FL     33176 SFR         2/1/28  
 10045813 10045813WN    MOORE            430 ALMOND AVE                   MONROVIA             CA     91016 SFR         2/1/28  
 10046001 10046001WN    HOWARD           808 VALERIE DRIVE                FAYETTEVILL          NC     28306 SFR         2/1/28  
 10046100 10046100WN    SZMAHLO          4712 ANDERSON ROAD               SOUTH EUCLI          OH     44124 SFR         2/1/28  
 10046233 10046233WN    MURPHY           4440 EAST 20TH AVE               POST FALLS           ID     83854 SFR         2/1/28  
 10046308 10046308WN    PERRY            12017 REXFORD AVEN               CLEVELAND            OH     44105 2-4 UNITS   2/1/28  
 10046332 10046332WN    SULLIVAN         120 COLLINS AVENUE               MEDIA                PA     19063 SFR         2/1/13  
 10046381 10046381WN    KELLER           213 FAIR STREET SO               BEULHA               ND     58523 SFR         2/1/28  
 10046415 10046415WN    BAILEY           145 DAVIDSON ROAD                BOXBOROUGH           MA     17190 SFR         2/1/28  
 10046456 10046456WN    FUGEL            4418 OSCEOLA                     ST. LOUIS            MO     63113 SFR         2/1/28  
 10046506 10046506WN    DEGRAAF          3422 ERMAN AVENUE                BRIDGETON            MO     63044 SFR         2/1/28  
 10046597 10046597WN    FISHER           506 3RD STREET NOR               MANDAN               ND     58554 SFR         2/1/28  
 10046613 10046613WN    MARSHALL         1138 BIG FALLS AVE               AKRON                OH     44310 SFR         2/1/28  
 10046621 10046621WN    HAJEK            1405 WOLFE AVENUE                NORTH BRADD          PA     15104 SFR         2/1/28  
 10046654 10046654WN    SHEA             1351 BULL CREEK RO               MARS HILL            NC     28754 SFR         2/1/28  
 10046811 10046811WN    VALENCIA         1119 HARTMAN STREE               RACINE               WI     53404 SFR         2/1/28  
 10046837 10046837WN    ELLIS            700 FELL ST #7                   SAN FRANCIS          CA     94117 CONDO       2/1/28  
 10046860 10046860WN    KENNEDY          251 LONG BRANCH RO               ENOREE               SC     29335 SFR         2/1/28  
 10046894 10046894WN    RYERSON          1320 DEER BLVD EAS               EAGLE-VAIL           CO     81620 SFR         2/1/28  
 10046936 10046936WN    EDMOND           3443 NORTH 24TH ST               MILWAUKEE            WI     53206 SFR         2/1/28  
 10046944 10046944WN    PALMER           14603 SUMMERWAY LANE             HOUSTON              TX     77014 SFR         2/1/28  
 10046951 10046951WN    OATESS           6669 THORNAPPLE DR               MAYFIELD VI          OH     44143 SFR         2/1/28  
 10046969 10046969WN    BRAZZEAL         78-885 VIA FLORENCE              LA QUINTA            CA     92253 SFR         2/1/28  
 10046985 10046985WN    HOLMES           712 GLACIER CIRCLE               FAYETTEVILL          NC     28311 SFR         2/1/28  
 10047025 10047025WN    RAMUS            12935E 48TH AVENUE               DENVER               CO     80239 SFR         2/1/28  
 10047066 10047066WN    HOCKENBERGER     3777 TREELAWN DRIV               TOLEDO               OH     43614 SFR         2/1/28  
 10047074 10047074WN    BINKS            2690 EAST 9355 SOUTH             SANDY                UT     84093 SFR         2/1/28  
 
<CAPTION>

Servicer                               4/1/98
  Loan     AMRESCO      Last         Scheduled      Current    Current         Occupancy Original                              Due
 Number  Loan Number    Name          Balance        Rate   P&I Payment LTV      Status    Term Servicer      Originator       Date
 ------  -----------    ----         ---------       ----   ----------- ---      ------    ---- --------      ----------       ----
<S>      <C>           <C>            <C>            <C>       <C>      <C>         <C>     <C> <C>          <C>              <C>
10005353 10005353WN    BANKS          36,529.44      12.1      378.77   85          OWNER   360 WENDOVER     ARCI CONDUIT     4/1/98
10005908 10005908WN    MATTHEWS       55,549.53       9.9      483.83   80          OWNER   360 WENDOVER     ARCI CONDUIT     4/1/98
10006112 10006112WN    SAEBENS        75,943.74      10.85     715.17   80          OWNER   360 WENDOVER     ARCI CONDUIT     4/1/98
10008837 10008837WN    CLARKE         42,534.99      10.75     397.66   90.6        OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10009371 10009371WN    CHAHULSKI      49,525.91      10.85     466.74   90.2        OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10012110 10012110WN    DODSON         60,186.10       9.75     518.07   90          OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
10014124 10014124WN    JOHNSON        88,931.68       9.75     765.51   91.4        OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10018604 10018604WN    LEE           121,353.88      10.5    1,111.41   90.3        OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
10018836 10018836WN    OCHS JR.       87,444.72      10.5      800.85   85          OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10019271 10019271WN    BIRD           32,472.64      12.13     337.55   93.1        OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10026631 10026631WN    SPIVEY         53,532.56      10.3      482.3    80          OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10030104 10030104WN    BLACK          80,060.83       8.93     640.87   70          OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10035996 10035996WN    CABRICES       20,208.35      11.99     207.83   60      NON OWNER   360 WENDOVER     AMRESCO          2/1/98
10036044 10036044WN    CRISP          43,170.04      11.5      427.81   80          OWNER   360 WENDOVER     ARCI CONDUIT     3/1/98
10036309 10036309WN    HUBBARD        43,985.94      11.5      435.73   80          OWNER   360 WENDOVER     ARCI CONDUIT     4/1/98
10036366 10036366WN    WILSON         25,949.10      10.65     240.75   47.2        OWNER   360 WENDOVER     ARCI CONDUIT     3/1/98
10036655 10036655WN    MAY            71,171.71      10.5      651.3    80          OWNER   360 WENDOVER     ARCI CONDUIT     4/1/98
10036713 10036713WN    GARNER         71,471.42      10.43     650.03   65          OWNER   360 WENDOVER     AMRESCO          3/1/98
10036820 10036820WN    STATHES        37,986.23      10.925    359.73   65      NON OWNER   360 WENDOVER     ARCI CONDUIT     3/1/98
10037471 10037471WN    WILLIAMS      132,813.48       9.375  1,107.52   90          OWNER   360 WENDOVER     ARCI CONDUIT     3/1/98
10042927 10042927WN    ALEXANDER      22,492.57      11.35     220.24   75          OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
10043354 10043354WN    KOPEC         188,830.07      10.83   1,775.66   70          OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10043487 10043487WN    HILL           68,475.31      10.95     649.75   57.1        OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
10044030 10044030WN    THOMAS        215,867.25       9.05   1,745.63   81.5        OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10044279 10044279WN    HUGHSTON       39,791.66      12.88     438.73   57.1        OWNER   360 WENDOVER     ARMC WHOLESALE   5/1/98
10044295 10044295WN    CABALLERO      65,000.00      10.5      594.58   63.7        OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10044568 10044568WN    JUAN           69,970.21      10.375    633.78   75.7        OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10044832 10044832WN    BURGLIN       259,892.36      10.31   2,341.47   69.3    NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10044873 10044873WN    DAVIS          68,601.42       9.25     564.66   48.5        OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10045128 10045128WN    HANZY          65,228.35      11.33     637.72   45      NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10045201 10045201WN    SILVA          78,172.72      11.1      750.63   85          OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10045235 10045235WN    BOUCHARD       64,976.57      10.95     616.56   67.7        OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10045490 10045490WN    RADES          30,388.51      10.73     283.32   80          OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10045532 10045532WN    BURROW         80,834.88      13.88     950.29   70          OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
10045672 10045672WN    BRIGGS         63,786.04      14.25     768.55   70.9        OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10045805 10045805WN    CROSBY         71,966.41       9.75     618.59   90          OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10045813 10045813WN    MOORE          74,968.55      10.25     672.08   53.6        OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10046001 10046001WN    HOWARD         39,993.71      14.63     493.96   65.6        OWNER   360 WENDOVER     ARMC WHOLESALE   5/1/98
10046100 10046100WN    SZMAHLO        87,484.96      14.25   1,054.10   70          OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
10046233 10046233WN    MURPHY         49,185.45      11.85     500.4    60          OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10046308 10046308WN    PERRY          37,657.22      13.45     429.94   71.1        OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
10046332 10046332WN    SULLIVAN       52,473.44      10.03     566.21   42.8        OWNER   180 WENDOVER     ARMC WHOLESALE   5/1/98
10046381 10046381WN    KELLER         19,495.63      13.09     217.08   65          OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
10046415 10046415WN    BAILEY        159,921.30       9.5    1,345.37   80          OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10046456 10046456WN    FUGEL          32,991.06      12.25     345.81   60          OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10046506 10046506WN    DEGRAAF       143,919.69       8.9    1,148.31   80          OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10046597 10046597WN    FISHER         61,739.37      11.3      602.2    80          OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
10046613 10046613WN    MARSHALL       24,490.97      10.85     230.55   57          OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10046621 10046621WN    HAJEK          22,491.12      10.53     206.32   75          OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10046654 10046654WN    SHEA           89,890.05       9.98     787.87   85          OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10046811 10046811WN    VALENCIA       25,994.02      12.97     287      65          OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
10046837 10046837WN    ELLIS         202,476.96      10.3    1,822.69   81.3        OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10046860 10046860WN    KENNEDY        39,893.27      14.33     483.2    70          OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10046894 10046894WN    RYERSON       142,950.44      11.13   1,375.89   65      NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10046936 10046936WN    EDMOND         27,993.40      12.86     306.67   70      NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10046944 10046944WN    PALMER        155,905.49       8.5    1,199.51   80          OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10046951 10046951WN    OATESS         59,982.83      12        617.17   60          OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10046969 10046969WN    BRAZZEAL      191,783.75       8.5    1,475.54   80          OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10046985 10046985WN    HOLMES         49,645.57      14.38     603.86   70          OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10047025 10047025WN    RAMUS          98,527.00       9.45     825.29   80.8        OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10047066 10047066WN    HOCKENBERGER   91,472.93      11.85     930.63   60          OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
10047074 10047074WN    BINKS         101,451.74       9.66     865.34   70      NON OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98

</TABLE>

                                  Page 1 of 22

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>

 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----    
 <S>      <C>           <C>              <C>                              <C>                  <C>    <C>   <C>        <C>       
 10047124 10047124WN    POKROPINSKA      1812 AUDREY DR SOUTH             CLEARWATER           FL     34619 SFR         2/1/28 
 10047140 10047140WN    PARSONS          77 MILL STREET                   SOUTH LANCA          MA     15610 2-4 UNITS   2/1/28 
 10047157 10047157WN    PINKNEY-ALLE     2217 EAST 97TH STR               CHICAGO              IL     60617 SFR         2/1/28 
 10047165 10047165WN    DAVOODI          N3150 IRIS ROAD                  LAKE GENEVA          WI     53147 SFR         2/1/28 
 10047173 10047173WN    SILVER           3541 BELDARE AVENU               CINCINNATI           OH     45220 SFR         2/1/28 
 10047223 10047223WN    HINDERER         1527 WEST 3RD STRE               ANDERSON             IN     46016 SFR         2/1/13 
 10047249 10047249WN    KUBACKI          4409 NORTH 61ST ST               MILWAUKEE            WI     53218 SFR         2/1/28 
 10047256 10047256WN    HENDERSON        13681 155TH PLACE                JUPITER              FL     33478 SFR         2/1/28 
 10047264 10047264WN    KUBACKI          5725N 39TH STREET                MILWAUKEE            WI     53209 SFR         2/1/28 
 10047272 10047272WN    KUBACKI          5640 NORTH 36TH ST               MILWAUKEE            WI     53209 SFR         2/1/28 
 10047322 10047322WN    CHERRY- BINN     7431 DUQUESNE AVEN               PITTSBURGH           PA     15218 SFR         2/1/28 
 10047330 10047330WN    DURON            9718 CIBOLO STREET               HOUSTON              TX     77013 SFR         2/1/13 
 10047355 10047355WN    VOSS             3940 NORTH 10TH ST               MILWAUKEE            WI     53206 SFR         2/1/28 
 10047363 10047363WN    ADAMS            3550SWCUSTER STREET              PORTLAND             OR     97219 SFR         2/1/28 
 10047397 10047397WN    ALAI JR.         382 CHESTNUT ROAD                SEVEN HILLS          OH     44131 SFR         2/1/28 
 10047405 10047405WN    GALARZA          3162 NORTH PIERCE                MILWAUKEE            WI     53212 SFR         2/1/28 
 10047421 10047421WN    BRYANT           12 STARFISH COURT                NEWPORT BEA          CA     92663 CONDO       2/1/28 
 10047454 10047454WN    OLSON            2222 NORTH 73RD AVE              ELMWOOD PAR          IL     60707 SFR         2/1/28 
 10047470 10047470WN    COLLIER          100 BASSWOOD LANE                HAWLEY               PA     18428 SFR         2/1/28 
 10047488 10047488WN    HOUCHIN          612 NORTH ELLIOTT                EVANSVILLE           IN     47711 SFR         2/1/28 
 10047504 10047504WN    CHAFFIN          RTE 2 BOX 56-A                   VERONA               MO     65769 SFR         2/1/28 
 10047512 10047512WN    HUTCHINS         4681 NORTH PARKWAY               MILWAUKEE            WI     53209 SFR         2/1/28 
 10047520 10047520WN    WHITE            1635 WINFIELD AVEN               INDIANAPOLI          IN     46222 SFR         2/1/28 
 10047538 10047538WN    SAMBLANET        14305 SYLVIA AVENU               CLEVELAND            OH     44110 2-4 UNITS   2/1/28 
 10047553 10047553WN    RIPEPI           123 MIDDLE CREEK RD              WEST ALEXAN          PA     15376 SFR         2/1/28 
 10047587 10047587WN    WARD             2803 FLOWER ACRES                TEXARKANA            TX     75501 SFR         2/1/13 
 10047595 10047595WN    SCHULER          2550 BERTHBROOK DR               CINCINNATI           OH     45231 SFR         2/1/28 
 10047645 10047645WN    ANDERSON         514 BARCLAY HLS DR               OREGON CITY          OR     97045 SFR         2/1/28 
 10047660 10047660WN    RANIA            94 -1193 KAHUANUI ST             WAIPAHU              HI     96797 SFR         2/1/28 
 10047678 10047678WN    BANWART          6607 SOUTH LONE EL               AURORA               OR     97002 SFR         2/1/28 
 10047686 10047686WN    HENDRICKSON      240 GORE ROAD                    KALAMA               WA     98625 SFR         2/1/28 
 10047769 10047769WN    COLON            2350 PARK BOULEVAR               UPLAND               CA     91784 SFR         2/1/28 
 10047777 10047777WN    KENNEY           RTE 2 BOX 234-A                  OZARK                AR     72949 SFR         2/1/28 
 10047785 10047785WN    BELL             140 EAST 74TH ST                 LOS ANGELES          CA     90003 SFR         2/1/28 
 10047793 10047793WN    WILSON           933 WEST 2300 NORT               CLINTON              UT     84015 SFR         2/1/28 
 10047850 10047850WN    NAVARRO          677 NORTH MIRAGE A               LINDSAY              CA     93247 2-4 UNITS   2/1/28 
 10047868 10047868WN    SWEETON          RT 2 BOX 260                     GALENA               KS     66739 SFR         2/1/28 
 10047918 10047918WN    BRADY            1541 GROSSE POINT DR             MIDDLETON            WI     53562 SFR         2/1/28 
 10047975 10047975WN    JONES            9396 CANTERBURY LA               MENTOR               OH     44060 SFR         2/1/28 
 10048007 10048007WN    VILLEGAS         1530 EAST CORNELL AVE            FRESNO               CA     93704 SFR         2/1/28 
 10048049 10048049WN    DOLEMAN          324 WEST HARRISON                SALISBURY            NC     28144 SFR         2/1/28 
 10048072 10048072WN    FLEENER          RD 4 BOX 115-A                   BEDFORD              PA     15522 SFR         2/1/28 
 10048098 10048098WN    BUTCHER          6356S KENTUCKY DR                WEST JORDAN          UT     84084 SFR         2/1/28 
 10048106 10048106WN    RAHIMZADEH       5910 YARMOUTH AVEN               ENCINO               CA     91316 SFR         3/1/28 
 10048155 10048155WN    CLEMMONS         2070 HOLDEN BEACH ROAD           SUPPLY               NC     28462 SFR         2/1/28 
 10048163 10048163WN    SCOTT            5801 TIMBERLANE RO               MATTESON             IL     60443 SFR         2/1/28 
 10048171 10048171WN    ZAHN             505 NORTHEAST KNOTT ST           PORTLAND             OR     97212 SFR         2/1/28 
 10048197 10048197WN    CAMPBELL         2907 ARROWHEAD DRI               SUGAR LAND           TX     77479 SFR         2/1/28 
 10048205 10048205WN    HARNSBERGER      15709 VIEWSIDE LANE              E. CAJON             CA     92021 SFR         2/1/28 
 10048213 10048213WN    WATTS            20639 NORTEAST HAL               FAIRVIEW             OR     97024 SFR         2/1/28 
 10048239 10048239WN    ELLIS            75 HORNE ROAD                    BELMONT              NH     32200 SFR         2/1/28 
 10048254 10048254WN    BURNS            7856 BIG BEND                    WEBSTER GRO          MO     63119 SFR         2/1/28 
 10048338 10048338WN    GUTIERREZ        1701 EAST ATLANTA                PHOENIX              AZ     85040 SFR         2/1/28 
 10048346 10048346WN    RIASCOS          141 PEARL STREET                 BROCKTON             MA     24010 SFR         2/1/28 
 10048387 10048387WN    TACKER           5446 VICKERY BOULE               DALLAS               TX     75206 SFR         2/1/28 
 10048429 10048429WN    STULL            2204 STOREY COURT                LEXINGTON            KY     40515 SFR         2/1/28 
 10048445 10048445WN    RANDALL          7354 CEMETARY ROAD               COTTON               MN     55724 SFR         2/1/28 
 10048460 10048460WN    MERRILL JR.      106 ROSE AVENUE                  SOUTH ROXAN          IL     62087 SFR         3/1/28 
 10048502 10048502WN    CORRINGTON       218 CLARENCE LANE                ESCONDIDO            CA     92029 SFR         2/1/28 
 10048577 10048577WN    GREEN            6305 MILTON DRIVE                FAYETTEVILL          NC     28304 SFR         2/1/28 
 10048585 10048585WN    MCKINNEY         3104 DAYTONA AVENUE              CINCINNATI           OH     45211 SFR         2/1/28 
 10048601 10048601WN    ZAHN             5730 NORTH 62ND ST               MILWAUKEE            WI     53218 SFR         2/1/28 

<CAPTION>

Servicer                               4/1/98
  Loan     AMRESCO      Last         Scheduled    Current    Current         Occupancy Original                              Due   
 Number  Loan Number    Name          Balance      Rate   P&I Payment LTV      Status    Term Servicer      Originator       Date
 ------  -----------    ----         ---------     ----   ----------- ---      ------    ---- --------      ----------       ----
 <S>      <C>           <C>          <S>           <C>     <C>        <C>      <C>         <C> <C>          <C>              <C>
 10047124 10047124WN    POKROPINSKA   99,941.14     8.64     778.86   64.9         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047140 10047140WN    PARSONS      136,427.44     9.13   1,111.10   75       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047157 10047157WN    PINKNEY-ALLE  56,230.93    11.23     545.48   75           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047165 10047165WN    DAVOODI       39,984.21    10.53     366.79   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047173 10047173WN    SILVER       106,197.74     9.5      893.41   85           OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
 10047223 10047223WN    HINDERER      23,345.64    10.41     257.36   65       NON OWNER   180 WENDOVER     ARMC WHOLESALE   3/1/98
 10047249 10047249WN    KUBACKI       31,487.77    10.61     290.74   75       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047256 10047256WN    HENDERSON     99,552.03     9.6      844.77   74.9         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047264 10047264WN    KUBACKI       26,989.53    10.61     249.2    75       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047272 10047272WN    KUBACKI       29,988.36    10.61     276.89   75       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047322 10047322WN    CHERRY- BINN  31,991.58    12.38     338.55   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047330 10047330WN    DURON         24,917.88    11.45     291.25   45.5         OWNER   180 WENDOVER     ARMC WHOLESALE   5/1/98
 10047355 10047355WN    VOSS          33,244.46    14.38     403.99   70           OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
 10047363 10047363WN    ADAMS        114,121.03     8.73     896.68   76.1     NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047397 10047397WN    ALAI JR.     149,911.90     8.65   1,169.35   63.8         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047405 10047405WN    GALARZA       20,792.07    13.1      231.72   65       NON OWNER   360 WENDOVER     ARMC WHOLESALE   5/1/98
 10047421 10047421WN    BRYANT       108,710.63    10.93   1,029.90   75       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047454 10047454WN    OLSON         44,986.63    11.83     457      35.4         OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
 10047470 10047470WN    COLLIER      121,366.04    10.93   1,149.80   71           OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
 10047488 10047488WN    HOUCHIN       33,736.14    10.35     304.95   75           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047504 10047504WN    CHAFFIN       59,978.37    10.95     569.13   75           OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
 10047512 10047512WN    HUTCHINS      46,726.91     9.48     392.42   85           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047520 10047520WN    WHITE         44,839.74    13        496.13   65           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047538 10047538WN    SAMBLANET     29,878.52     8.77     235.65   65       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047553 10047553WN    RIPEPI       176,240.17     9.95   1,540.81   81.6         OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
 10047587 10047587WN    WARD          33,579.54    10.1      363.77   90           OWNER   180 WENDOVER     ARMC WHOLESALE   3/1/98
 10047595 10047595WN    SCHULER       71,969.55    10.35     650.55   90           OWNER   360 WENDOVER     ARMC WHOLESALE   5/1/98
 10047645 10047645WN    ANDERSON      78,095.52     9.75     671.86   85           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047660 10047660WN    RANIA        145,917.72     8.85   1,159.03   60.8         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047678 10047678WN    BANWART      181,919.49    10      1,597.18   85.8         OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
 10047686 10047686WN    HENDRICKSON  101,360.90    10.64     938.18   78           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047769 10047769WN    COLON        155,139.64    10.6    1,431.29   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047777 10047777WN    KENNEY        34,991.04    12.5      373.54   71.4         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047785 10047785WN    BELL          87,940.96     8        645.71   80           OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
 10047793 10047793WN    WILSON       121,128.65     8.65     944.84   80.8         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10047850 10047850WN    NAVARRO       62,455.21     8.5      480.57   73.5         OWNER   360 WENDOVER     ARMC WHOLESALE   5/1/98
 10047868 10047868WN    SWEETON       38,988.42    11.83     396.06   75           OWNER   360 WENDOVER     AMRESCO          3/1/98
 10047918 10047918WN    BRADY        188,223.99    15.19   2,408.94   75           OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
 10047975 10047975WN    JONES        193,474.01     8.15   1,440.86   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048007 10048007WN    VILLEGAS      54,740.01    13.99     648.28   73           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048049 10048049WN    DOLEMAN       94,485.96    14.88   1,185.84   70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048072 10048072WN    FLEENER       53,524.37     9.63     455.37   70           OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
 10048098 10048098WN    BUTCHER       88,487.06    14.95   1,115.50   75           OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
 10048106 10048106WN    RAHIMZADEH    85,500.00     9.73     733.32   75       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048155 10048155WN    CLEMMONS      53,982.47    11.43     531.88   67.9         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048163 10048163WN    SCOTT        134,221.32    10.83   1,261.48   76.7         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048171 10048171WN    ZAHN          81,885.09    14        970.41   65           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048197 10048197WN    CAMPBELL      96,028.86     8.23     721.01   80.8         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048205 10048205WN    HARNSBERGER   94,859.16    10.13     841.95   65           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048213 10048213WN    WATTS         99,950.60     9.48     839.4    80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048239 10048239WN    ELLIS         87,472.95    11.65     876.53   53.7         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048254 10048254WN    BURNS        135,344.45     9.95   1,183.28   76.5         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048338 10048338WN    GUTIERREZ     46,149.13     9.9      401.77   82.5         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048346 10048346WN    RIASCOS       92,211.32    10.25     826.65   75           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048387 10048387WN    TACKER        99,613.47     8.03     734.02   75       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048429 10048429WN    STULL         56,923.98     9.85     493.48   85           OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
 10048445 10048445WN    RANDALL       74,964.11     9.63     637.77   64.7         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048460 10048460WN    MERRILL JR.   24,750.00    11.83     251.35   75           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048502 10048502WN    CORRINGTON   106,942.76     9.1      868.66   42.3         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048577 10048577WN    GREEN         45,492.41    14.38     552.83   70           OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
 10048585 10048585WN    MCKINNEY     103,444.63     9.1      840.24   90           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048601 10048601WN    ZAHN          22,117.13    11.01     210.87   73.8     NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
</TABLE>

      
                                  Page 2 of 22

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>

 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----    
 <S>      <C>           <C>              <C>                              <C>                  <C>    <C>   <C>        <C>       
 10048619 10048619WN    ZAHN             5750 NORTH 62ND STREET           MILWAUKEE            WI     53218 SFR         2/1/28   
 10048627 10048627WN    ROSS             243 KINGS HIGHWAY                DECATUR              GA     30030 SFR         2/1/28   
 10048643 10048643WN    ZAHN             5724 NORTH 62ND ST               MILWAUKEE            WI     53218 SFR         2/1/28   
 10048650 10048650WN    ZAHN             5718 NORTH 62ND ST               MILWAUKEE            WI     53218 SFR         2/1/28   
 10048700 10048700WN    WIGGINS          13640SW103RD AVENUE              MIAMI                FL     33176 SFR         2/1/28   
 10048718 10048718WN    BUIVYDAS         9520 SOUTH LONGWOOD DR           CHICAGO              IL     60643 SFR         2/1/28   
 10048726 10048726AD    ECHIVERRI        13502 MOUNT CRAIG CIRCLE         LA MIRADA            CA     90638 SFR         3/1/27   
 10048742 10048742WN    NELSON           ROUTE 3 BOX 83                   CAMERON              NC     28326 SFR         2/1/28   
 10048809 10048809WN    COLE             4103 METROPOLITAN                DALLAS               TX     75210 SFR         2/1/28   
 10048817 10048817WN    HOWARD           76-6303 KOLOLIA ST               KAILUA-KONA          HI     96740 SFR         3/1/28   
 10048833 10048833WN    SHEEHAN          14330 SOUTHEAST PR               CLACKAMAS            OR     97015 SFR         2/1/28   
 10048841 10048841WN    LEYNER           15611 PENSACOLA ST               WESTMINSTER          CA     92683 SFR         3/1/28   
 10048874 10048874WN    HUBER            2833 W. STATE ST                 MILWAUKEE            WI     53208 SFR         2/1/28   
 10048882 10048882WN    BRADEN           1305 SOUTH GRAND AVE             EVANSVILLE           IN     47713 SFR         2/1/28   
 10048890 10048890WN    LOUGHERY         437 WEST 2400 SOUT               CLEARFIELD           UT     84015 SFR         2/1/28   
 10048908 10048908WN    GREENE           2476 WEST HAMPTON                MILWAUKEE            WI     53209 SFR         2/1/28   
 10048924 10048924WN    BROWN            1665 EAST BLAKE AVENUE           COLUMBUS             OH     43219 SFR         3/1/28   
 10048940 10048940WN    GILLESPIE        92-1525 ALIINIU DR               KAPOLEI              HI     96707 CONDO       2/1/28   
 10048965 10048965WN    KRIEGER          1844 BRANARD                     HOUSTON              TX     77098 SFR         3/1/28   
 10048973 10048973WN    PITT             ROUTE 1 BOX 171                  HOBGOOD              NC     27843 SFR         3/1/28   
 10049013 10049013WN    SAUNDERS         3327 CONESTOGA CAN               PALMDALE             CA     93550 SFR         3/1/28   
 10049021 10049021WN    WILLIAMS         440 PLEASANT VALLE               MOREHEAD             KY     40351 SFR         2/1/28   
 10049047 10049047WN    UPSON            6108 NORTH 8TH STR               PHILADELPHI          PA     19120 SFR         2/1/28   
 10049054 10049054WN    LEE              430 ELMIRA STREET                TROY                 PA     16947 SFR         3/1/28   
 10049062 10049062WN    BELL             435 SHADOW TREE DR               OCEANSIDE            CA     92057 SFR         3/1/28   
 10049070 10049070WN    EVERS            3139 N. 11TH STREE               MILWAUKEE            WI     53206 SFR         3/1/28   
 10049088 10049088WN    WHITE            4 BLOOD ROAD                     MOUNT VERNO          NH     30570 SFR         3/1/28   
 10049112 10049112WN    VALENCIA         1212 DOUGLAS STREE               RACINE               WI     53402 2-4 UNITS   2/1/28   
 10049138 10049138WN    CARPENTER        5855 SCHOOL HOUSE DR             DRESDEN              OH     43821 SFR         3/1/28   
 10049146 10049146WN    BARTA BERG       50 OAKRIDGE DRIVE                CRANSTON             RI     29210 SFR         3/1/28   
 10049161 10049161WN    SURLES           1841 FLEET COOPER                ROSEBORO             NC     28382 SFR         3/1/28   
 10049179 10049179WN    SHORT            3403 NE 364TH ST                 LA CENTER            WA     98629 SFR         2/1/28   
 10049187 10049187WN    LINTZENICH       11618 JAYCREEK DRI               HOUSTON              TX     77070 SFR         3/1/28   
 10049229 10049229WN    LONG             100 PARK AVE #401                CALUMET CIT          IL     60409 CONDO       3/1/28   
 10049278 10049278WN    MARTINEZ         1771 N.E. 175TH ST               NORTH MIAMI          FL     33162 SFR         3/1/28   
 10049286 10049286WN    HUFF             2665 WESTCHESTER D               EAST POINT           GA     30344 SFR         2/1/28   
 10049294 10049294WN    MITCHELL         3814 PALM STREET                 HOUSTON              TX     77004 SFR         2/1/28   
 10049310 10049310WN    MECHTEL          9331 64TH STREET N               CLEAR LAKE           MN     55319 SFR         2/1/28   
 10049336 10049336WN    ASCHAUER         2015 LENORA DR                   WEST BEND            WI     53090 SFR         2/1/28   
 10049377 10049377WN    POWELL           1101 SIERRA VISTA DR             NEWBERG              OR     97132 SFR         2/1/28   
 10049393 10049393WN    WILSON           5615 BELDON DRIVE                SAINT LOUIS          MO     63136 SFR         3/1/28   
 10049401 10049401WN    DUNPHY JR.       2321 OAKWOOD AVENUE              GREEN BAY            WI     54301 SFR         3/1/28   
 10049450 10049450WN    MERRITT          2333 BALTIMORE AVENUE            CINCINNATI           OH     45225 SFR         3/1/28   
 10049468 10049468WN    THOMPSON         760 SOUTH STREET                 GALION               OH     44833 SFR         2/1/28   
 10049476 10049476WN    MITCHELL         2519 EAST MICHIGAN               INDIANAPOLI          IN     46201 SFR         3/1/28   
 10049484 10049484WN    AESCHLIMAN       12260SW30 TH STREET              MIAMI                FL     33175 SFR         2/1/28   
 10049492 10049492WN    SMITH            2913 KEYWORTH AVEN               BALTIMORE            MD     21215 SFR         2/1/28   
 10049526 10049526WN    KEBER            110 PHILLIPS LANE                SEWICKLEY            PA     15142 SFR         3/1/28   
 10049559 10049559WN    CZECH            3036 NORTH ALBANY                CHICAGO              IL     60618 SFR         3/1/28   
 10049567 10049567WN    TRIPLETT         1626 EAST LOGAN DRIVE            TEMPE                AZ     85282 SFR         2/1/28   
 10049591 10049591WN    DAS              1935 SOUTHEAST 130               PORTLAND             OR     97233 SFR         2/1/28   
 10049633 10049633WN    ROGERS           7609 BAXTER STREET               PITTSBURGH           PA     15208 SFR         3/1/28   
 10049641 10049641WN    HATCH            412 CARRIAGE DRIVE               WAUKESHA             WI     53188 SFR         3/1/28   
 10050003 10050003WN    WILLIAMS         42 JEFFERSON STREET              FREDERICKSB          VA     22405 SFR         1/21/28  
 10050029 10050029WN    WATSON           3704 TAYLOR STREET               BRENTWOOD            MD     20722 SFR         1/21/28  
 10050037 10050037WN    TILLMAN          55G COX ROAD                     WADESBORO            NC     28170 SFR         1/22/28  
 10050268 10050268WN    HARRIS           4104 ST. PAUL STR                BALTIMORE            MD     21218 SFR         1/21/28  
 10050284 10050284WN    HADEE            2730 PROSPECT STRE               BALTIMORE            MD     21216 SFR         1/10/28  
 10050292 10050292WN    ANDERSON         1317 13TH STREET                 HIGHLAND             IL     62249 SFR         1/22/28  
 10050342 10050342WN    FRANKEL          654 STILL BRANCH D               CANTON               GA     30115 SFR         1/14/28  
 10050474 10050474WN    JORDAN           2933 PARK PLACE                  FLORENCE             SC     29505 SFR         1/17/28  
 10050615 10050615WN    RAMER            1846 WYE MILLS ROAD              BEL AIR              MD     21015 SFR         1/27/28  

<CAPTION>

Servicer                               4/1/98
  Loan     AMRESCO      Last         Scheduled      Current    Current         Occupancy Original                              Due
 Number  Loan Number    Name          Balance        Rate   P&I Payment LTV      Status    Term Servicer      Originator       Date
 ------  -----------    ----         ---------       ----   ----------- ---      ------    ---- --------      ----------       ----
 <S>      <C>           <C>         <C>             <C>       <C>      <C>      <C>         <C> <C>          <C>              <C>
 10048619 10048619WN    ZAHN         22,117.13      11.01     210.87   75       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048627 10048627WN    ROSS         77,960.82       9.4      650.18   57.8         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048643 10048643WN    ZAHN         22,117.13      11.01     210.87   75       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048650 10048650WN    ZAHN         22,117.13      11.01     210.87   73.8     NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048700 10048700WN    WIGGINS     126,722.61      13.25   1,426.92   65           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048718 10048718WN    BUIVYDAS    104,347.17      12.48   1,112.32   60.7     NON OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
 10048726 10048726AD    ECHIVERRI   135,583.77       7.875    994.8    74.9         OWNER   360 ADVANTA      AAMES HOME LOAN  3/1/98
 10048742 10048742WN    NELSON       49,857.71      11.13     479.88   75           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048809 10048809WN    COLE         23,441.87      11.13     225.63   70       NON OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
 10048817 10048817WN    HOWARD      178,920.00       9.6    1,517.53   67.5         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048833 10048833WN    SHEEHAN     134,666.66      10.1    1,192.28   85           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048841 10048841WN    LEYNER      200,000.00       8.5    1,537.83   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048874 10048874WN    HUBER        32,185.88      10.04     283.53   70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048882 10048882WN    BRADEN       33,593.88      14        398.12   70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048890 10048890WN    LOUGHERY     95,353.08       9.5      802.17   90           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048908 10048908WN    GREENE       25,994.39      13.26     292.91   65       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048924 10048924WN    BROWN        29,250.00       9.5      245.95   65           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048940 10048940WN    GILLESPIE   209,866.09       8.25   1,577.66   73.7         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10048965 10048965WN    KRIEGER     200,000.00       9.15   1,630.88   80           OWNER   360 WENDOVER     AMRESCO          4/1/98
 10048973 10048973WN    PITT         24,700.00      12.33     260.36   54.9         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049013 10049013WN    SAUNDERS    102,085.00      11        972.18   85           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049021 10049021WN    WILLIAMS     44,637.61       9        359.36   78.3         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049047 10049047WN    UPSON        42,132.06      10.73     392.81   81.8         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049054 10049054WN    LEE          37,646.00      10.48     343.8    81.8         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049062 10049062WN    BELL        212,000.00       9.75   1,821.41   89.8         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049070 10049070WN    EVERS        32,249.99      11.93     329.99   75           OWNER   360 WENDOVER     ARMC WHOLESALE   5/1/98
 10049088 10049088WN    WHITE       186,000.00      12.45   1,977.89   59.8         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049112 10049112WN    VALENCIA     32,493.51      13.6      374.82   65       NON OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
 10049138 10049138WN    CARPENTER    77,000.00      10.6      710.11   77           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049146 10049146WN    BARTA BERG  126,540.00      11.53   1,256.01   74           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049161 10049161WN    SURLES       34,650.00      10.33     312.56   77           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049179 10049179WN    SHORT       102,351.63       9.98     897.12   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049187 10049187WN    LINTZENICH   48,500.00      12.45     515.74   44.1         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049229 10049229WN    LONG         59,500.00      14.08     708.77   70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049278 10049278WN    MARTINEZ     67,200.00      14.25     809.55   70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049286 10049286WN    HUFF         46,477.74       9.63     395.42   75     SECOND HOME   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049294 10049294WN    MITCHELL    111,944.33       9.45     937.67   80           OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
 10049310 10049310WN    MECHTEL     111,970.56      12.38   1,184.91   80           OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
 10049336 10049336WN    ASCHAUER     89,267.88      11.73     899.98   80.5         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049377 10049377WN    POWELL      170,755.27       9.35   1,417.87   85.8         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049393 10049393WN    WILSON       24,500.00      13.2      274.85   70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049401 10049401WN    DUNPHY JR.   48,349.63      15.88     645.51   75.9         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049450 10049450WN    MERRITT      52,200.00      10.6      481.4    90           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049468 10049468WN    THOMPSON     52,471.50       9.03     423.56   75       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049476 10049476WN    MITCHELL     42,824.00      11.6      427.35   80.8         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049484 10049484WN    AESCHLIMAN  123,336.44      11.6    1,231.19   82.3         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049492 10049492WN    SMITH        41,584.44      10.78     389.27   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049526 10049526WN    KEBER        67,200.00      10.33     606.18   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049559 10049559WN    CZECH        81,000.00      12.98     894.76   60           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049567 10049567WN    TRIPLETT     73,466.43       9.85     636.88   85.5         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049591 10049591WN    DAS         104,933.05       8.25     788.83   60           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049633 10049633WN    ROGERS       24,000.00      11.23     232.74   75           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10049641 10049641WN    HATCH       110,919.00      14.88   1,391.87   70.7         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10050003 10050003WN    WILLIAMS    119,972.87      13.05   1,332.13   80           OWNER   360 WENDOVER     ARMC RETAIL     3/21/98
 10050029 10050029WN    WATSON       73,562.17       9.29     607.62   79.6         OWNER   360 WENDOVER     ARMC RETAIL     3/21/98
 10050037 10050037WN    TILLMAN      50,774.96       9.49     426.78   89.9         OWNER   360 WENDOVER     ARMC RETAIL     3/22/98
 10050268 10050268WN    HARRIS      307,433.41      13.24   3,459.34   75           OWNER   360 WENDOVER     ARMC RETAIL     3/21/98
 10050284 10050284WN    HADEE        23,394.95      13.25     263.43   65           OWNER   360 WENDOVER     ARMC RETAIL     3/10/98
 10050292 10050292WN    ANDERSON     47,892.67      14.75     596.1    60           OWNER   360 WENDOVER     ARMC RETAIL     3/22/98
 10050342 10050342WN    FRANKEL     236,095.51      10      2,072.82   75.3         OWNER   360 WENDOVER     ARMC RETAIL     3/14/98
 10050474 10050474WN    JORDAN       56,477.49      10.49     516.41   85           OWNER   360 WENDOVER     ARMC RETAIL     3/17/98
 10050615 10050615WN    RAMER        93,045.77       8.69     728.43   87.8         OWNER   360 WENDOVER     ARMC RETAIL     4/27/98
</TABLE>
     
                                  Page 3 of 22
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>
 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----    
 <S>      <C>           <C>              <C>                              <C>                  <C>    <C>   <C>        <C>       
 10050631 10050631WN    HARTSWICK        29853 HILLVIEW DRIVE             MECHANICSVI          MD     20659 SFR         2/3/28     
 10050656 10050656WN    PARTEE           6305 OLD WASHINGTON BLV          ELKRIDGE             MD     21227 SFR         2/3/28     
 10050714 10050714WN    SAMPSON          5929 89TH AVENUE                 NEW CARROLL          MD     20784 SFR         2/4/28     
 10050748 10050748WN    RIZZO            3635 NORTH NEWLAND               CHICAGO              IL     60634 SFR         2/4/28     
 10050805 10050805WN    SCHWARZ JR       115 HUNTERFIELD DR               SANFORD              NC     27330 MANUF'D HM  2/4/28     
 10050813 10050813WN    STADLER          8138 HIGHWAY 62 SO               YANCEYVILLE          NC     27379 SFR         2/4/28     
 10050821 10050821WN    HEATH            2931 S DAKOTA AVE                WASHINGTON           DC     20018 SFR         2/4/28     
 10051191 10051191WN    SCHAEFFER        117 ALLEN YOUNTZ ROA             LEXINGTON            NC     27295 SFR         3/4/28     
 10051266 10051266WN    SINGLETARY       8583 OLD US 421                  BEAR CREEK           NC     27207 SFR         3/4/28     
 10051431 10051431WN    JOHNSON          14603 ALGER ROAD                 CLEVELAND            OH     44111 SFR         3/7/28     
 10051472 10051472WN    SMITH            541 WALTON ROAD                  HUNTINGTOWN          MD     20639 SFR         3/9/28     
 10051498 10051498WN    RADER            8529 S CARPENTER                 CHICAGO              IL     60620 SFR         1/1/28     
 10053775 10053775WN    DICKENS          3412 MOSSWOOD LANE               REX                  GA     30273 SFR        10/24/27    
 10053874 10053874WN    SCHAFFER         212 24TH AVENUE                  BELLWOOD             IL     60104 SFR         3/1/28     
 10053924 10053924WN    HOTCHKISS        27252 COOK ROAD                  OLMSTED FALLS        OH     44138 SFR         2/28/28    
 10053973 10053973WN    ROGERS           9331 S HARPER                    CHICAGO              IL     60615 SFR         2/24/28    
 10054062 10054062WN    HARRIS           11 RIDGEMOOR ROAD                BALTIMORE            MD     21221 SFR         2/23/28    
 10054161 10054161WN    FLEMING          1721 N. BROADWAY                 BALTIMORE            MD     21213 SFR         2/20/28    
 10054286 10054286WN    STEFANOWICZ      1431S HANOVER ST                 BALTIMORE            MD     21230 SFR         2/17/28    
 10054336 10054336WN    WHITE            615N LORD STREET                 SOUTHPORT            NC     28461 SFR         2/14/28    
 10054427 10054427WN    SMITH            322 CABARET COURT                MARIETTA             GA     30064 SFR         2/10/28    
 10054575 10054575WN    WISE-JONES       6220 LANDOVER ROAD               HYATTSVILLE          MD     20785 SFR         2/5/28     
 10054633 10054633WN    WILLIAMS         1415 BEVERLY DRIVE               ROUND LAKE           IL     60073 SFR         2/1/28     
 10054690 10054690WN    WEATHERHOLT      304 FAWN DRIVE                   WINCHESTER           VA     22602 SFR         2/3/28     
 10054724 10054724WN    MUNGO            842 JEFFERSON STREET             WASHINGTON           DC     20011 SFR         2/3/28     
 10054823 10054823WN    BRIDGEWATER      1201 ALLISON ST NW               WASHINGTON           DC     20011 SFR         2/1/28     
 10054997 10054997WN    MILLER           103 HEATHERWOOD CT               MYRTLE BEAC          SC     29575 SFR         2/1/28     
 10055085 10055085WN    PAGE SR          4011 BELVEDERE AVE               BALTIMORE            MD     21215 SFR         1/24/28    
 10055184 10055184WN    VANDERLICK       437 HIGHPOINT DRIV               ALEXANDRIA           LA     71303 SFR         2/1/28     
 10055200 10055200WN    LOPEZ            32239 CALLE AVELLA               TEMECULA             CA     92592 SFR         3/1/28     
 10055218 10055218WN    WOOD             106 DALE STREET                  MOORE                SC     29369 SFR         3/1/28     
 10055226 10055226WN    MCMULLEN         970 JESSOP PLACE                 WASHINGTON           PA     15301 SFR         3/1/28     
 10055242 10055242WN    WILCOX           2900 TARZYN ROAD                 FALLON               NV     89406 SFR         3/1/28     
 10055259 10055259WN    LANE             4429 SOUTH STATE ROAD            BLOOMINGTON          IN     47401 SFR         3/1/28     
 10055267 10055267WN    RICKETTS         1213 17TH STREET                 BEDFORD              IN     47421 SFR         3/1/28     
 10055275 10055275WN    CHAPMAN          N7209 SHAFFER ROAD               CRIVITZ              WI     54114 SFR         2/1/28     
 10055283 10055283WN    AGUAYO JR.       605 EUCLID AVENUE                HOUSTON              TX     77009 SFR         3/1/28     
 10055325 10055325WN    DISTEFANO        9 WINDOVER TURN                  WESTERLY             RI     28910 SFR         2/1/28     
 10055358 10055358WN    MALLARD          5349 NISBET DRIVE                MACON                GA     31206 SFR         2/1/28     
 10055366 10055366WN    AMADI            3921 NORTH 12TH STREET           MILWAUKEE            WI     53206 2-4 UNITS   2/1/28     
 10055382 10055382WN    GARCIA           2258 S. 15TH PLACE               MILWAUKEE            WI     53215 SFR         2/1/28     
 10055390 10055390WN    GILREATH         40 RAEFORD STREET                OCEAN ISLE           NC     28469 SFR         3/1/28     
 10055416 10055416WN    CASERO           520 WEST 49TH STRE               MIAMI BEACH          FL     33140 SFR         3/1/28     
 10055424 10055424WN    BILLETS          7585 58TH COURT                  VERO BEACH           FL     32967 SFR         3/1/28     
 10055432 10055432WN    MATTHEW JR.      7450 PITT STREET                 NEW ORLEANS          LA     70118 SFR         2/1/28     
 10055457 10055457WN    TURNER           4410 LEIPER STREET               PHILADELPHI          PA     19124 SFR         2/1/28     
 10055465 10055465WN    BERGQUIST        6100 WEST STONEHED               GREENFIELD           WI     53220 CONDO       2/1/28     
 10055481 10055481WN    MCKEE            757 COUNTY ROAD                  HOPE                 AR     71801 SFR         3/1/28     
 10055499 10055499WN    ESPOSITO SR      17900 SOUTHWEST 57TH ST          DAVIE                FL     33331 SFR         3/1/28     
 10055507 10055507WN    DYER             528 NORTH BUCKOAK                STANLEY              NC     28164 SFR         2/1/28     
 10055531 10055531WN    RITTER           19 GREENS SHADE                  SAN ANTONIO          TX     78216 SFR         2/1/28     
 10055549 10055549WN    FORD             510 BAYPOINTE DRIVE              BRANDON              MS     39042 SFR         2/1/28     
 10055622 10055622WN    GALLO            7 SHERIDAN STREET                NATICK               MA     17600 SFR         3/1/28     
 10055630 10055630WN    WILLIAMS         4713 SPRINGFIELD AVE             PHILADELPHI          PA     19143 SFR         2/1/28     
 10055663 10055663WN    DUCHARME         19014 FREDERICK RO               TOMBALL              TX     77375 SFR         3/1/28     
 10055689 10055689WN    SMITH            343- 343 1/2 EAST                LOS ANGELES          CA     90003 2-4 UNITS   3/1/28     
 10055705 10055705WN    TURNER           6675 MIGNON                      FLORISSANT           MO     63033 SFR         3/1/28     
 10055713 10055713WN    MCGINLEY         5953 MALTA STREET                PHILADELPHI          PA     19120 SFR         2/1/28     
 10055721 10055721WN    SAMUELS II       LOT #3 HUALUA ROA                HAWI                 HI     96719 SFR         3/1/28     
 10055739 10055739WN    CLODFELTER       4836 OLD WINSTON ROAD            KERNERSVILL          NC     27284 SFR         3/1/28     
 10055747 10055747WN    WILLIAMS         12602 GARBER STREE               PACOIMA ARE          CA     91331 SFR         3/1/28     
 10055770 10055770WN    ALLISON          7130 WOODSMAN TRAIL DR           HOUSTON              TX     77040 SFR         2/1/28     

<CAPTION>

Servicer                               4/1/98
  Loan     AMRESCO      Last         Scheduled      Current    Current         Occupancy Original                             Due
 Number  Loan Number    Name          Balance        Rate   P&I Payment LTV      Status    Term Servicer     Originator       Date
 ------  -----------    ----         ---------       ----   ----------- ---      ------    ---- --------     ----------       ----
<S>      <C>           <C>           <C>             <C>       <C>      <C>      <C>         <C> <C>         <C>              <C>
10050631 10050631WN    HARTSWICK      94,500.00      11.99     971.31   90           OWNER   360 WENDOVER    ARMC RETAIL      4/3/98
10050656 10050656WN    PARTEE         99,000.00      10.99     942.05   90           OWNER   360 WENDOVER    ARMC RETAIL      4/3/98
10050714 10050714WN    SAMPSON        65,000.00      10.55     597.01   50           OWNER   360 WENDOVER    ARMC RETAIL      4/4/98
10050748 10050748WN    RIZZO         156,600.00      10.09   1,384.70   90           OWNER   360 WENDOVER    ARMC RETAIL      4/4/98
10050805 10050805WN    SCHWARZ JR     59,988.00      10.39     543.92   75       NON OWNER   360 WENDOVER    ARMC RETAIL      5/4/98
10050813 10050813WN    STADLER        43,400.00      11.75     438.08   70           OWNER   360 WENDOVER    ARMC RETAIL      4/4/98
10050821 10050821WN    HEATH          48,000.00      13.25     540.37   45.7         OWNER   360 WENDOVER    ARMC RETAIL      4/4/98
10051191 10051191WN    SCHAEFFER      71,500.00      10.05     630.11   79.89        OWNER   360 WENDOVER    AMRESCO          4/4/98
10051266 10051266WN    SINGLETARY     45,000.00      11.25     437.07   75           OWNER   360 WENDOVER    AMRESCO          4/4/98
10051431 10051431WN    JOHNSON        76,000.00      14.75     945.8    64.96        OWNER   360 WENDOVER    AMRESCO          4/7/98
10051472 10051472WN    SMITH         182,700.00       9.2    1,496.41   90           OWNER   360 WENDOVER    AMRESCO          4/9/98
10051498 10051498WN    RADER          35,684.00      13        394.91   64.88        OWNER   360 WENDOVER    AMRESCO          4/6/98
10053775 10053775WN    DICKENS       115,945.79      11.39   1,139.99   89.88        OWNER   360 WENDOVER    AMRESCO         3/24/98
10053874 10053874WN    SCHAFFER       62,000.00      13.3      700.41   64.58        OWNER   360 WENDOVER    AMRESCO          4/1/98
10053924 10053924WN    HOTCHKISS      41,400.00       9.8      357.21   33.39        OWNER   360 WENDOVER    AMRESCO         3/28/98
10053973 10053973WN    ROGERS         44,800.00      10.75     418.2    80           OWNER   360 WENDOVER    ARMC RETAIL     3/24/98
10054062 10054062WN    HARRIS         46,500.00      12.75     505.31   44.3         OWNER   360 WENDOVER    ARMC RETAIL     3/23/98
10054161 10054161WN    FLEMING        39,900.00      12.75     433.59   70           OWNER   360 WENDOVER    ARMC RETAIL     3/20/98
10054286 10054286WN    STEFANOWICZ   135,000.00      10.85   1,270.36   90           OWNER   360 WENDOVER    ARMC RETAIL     3/17/98
10054336 10054336WN    WHITE          42,000.00      13.75     489.35   64.6         OWNER   360 WENDOVER    ARMC RETAIL     3/14/98
10054427 10054427WN    SMITH          51,000.00      12.8      556.2    85           OWNER   360 WENDOVER    ARMC RETAIL     3/10/98
10054575 10054575WN    WISE-JONES     93,100.00      13.95   1,099.43   70           OWNER   360 WENDOVER    ARMC RETAIL      4/5/98
10054633 10054633WN    WILLIAMS       73,384.14      13.25     826.32   65           OWNER   360 WENDOVER    ARMC RETAIL      3/1/98
10054690 10054690WN    WEATHERHOLT    69,000.00      12.85     755.2    76.7         OWNER   360 WENDOVER    ARMC RETAIL      3/3/98
10054724 10054724WN    MUNGO          84,000.00      13.8      982.01   80           OWNER   360 WENDOVER    AMRESCO          3/3/98
10054823 10054823WN    BRIDGEWATER   189,886.08       8.55   1,467.67   78.5         OWNER   360 WENDOVER    ARMC RETAIL      4/1/98
10054997 10054997WN    MILLER         48,489.52      13.25     546      38.2         OWNER   360 WENDOVER    ARMC RETAIL      4/1/98
10055085 10055085WN    PAGE SR        33,091.99      12.75     359.7    64.9         OWNER   360 WENDOVER    ARMC RETAIL     3/24/98
10055184 10055184WN    VANDERLICK    101,953.41       9.85     883.84   80           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055200 10055200WN    LOPEZ         100,000.00       7.78     718.49   61.5         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055218 10055218WN    WOOD           56,700.00      14.38     688.91   70.9         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055226 10055226WN    MCMULLEN       34,500.00      10.83     324.13   75           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055242 10055242WN    WILCOX         57,200.00       9.88     496.91   80           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055259 10055259WN    LANE          124,100.00       8.65     967.45   77.6         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055267 10055267WN    RICKETTS       72,000.00      10.3      647.87   79.1         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055275 10055275WN    CHAPMAN        24,987.91       9.58     211.67   40.3     NON OWNER   360 WENDOVER    ARMC WHOLESALE   3/1/98
10055283 10055283WN    AGUAYO JR.    104,232.00      10.45     949.56   80.8         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055325 10055325WN    DISTEFANO     143,938.70      10.18   1,282.90   80           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055358 10055358WN    MALLARD        33,233.81       9.55     280.8    70           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055366 10055366WN    AMADI          23,391.02      10.66     216.85   60       NON OWNER   360 WENDOVER    ARMC WHOLESALE   3/1/98
10055382 10055382WN    GARCIA         21,534.24      12.31     226.72   60       NON OWNER   360 WENDOVER    ARMC WHOLESALE   3/1/98
10055390 10055390WN    GILREATH      165,000.00       9.73   1,415.18   52.3         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055416 10055416WN    CASERO        167,485.00       9.95   1,463.62   81.7         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055424 10055424WN    BILLETS        66,000.00      10.25     591.43   73.3         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055432 10055432WN    MATTHEW JR.    41,835.40      11.1      401.71   90           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055457 10055457WN    TURNER         27,645.06      14.08     329.37   70           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055465 10055465WN    BERGQUIST      68,971.81      10.37     624.47   75           OWNER   360 WENDOVER    ARMC WHOLESALE   3/1/98
10055481 10055481WN    MCKEE          37,910.00      10.25     339.71   85           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055499 10055499WN    ESPOSITO SR   244,662.00       9.85   2,120.01   66.1         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055507 10055507WN    DYER           68,651.15      13.88     807.06   70.8         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055531 10055531WN    RITTER        136,210.69       9.48   1,143.91   81.7         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055549 10055549WN    FORD          105,256.78      10.35     951.43   90           OWNER   360 WENDOVER    ARMC WHOLESALE   3/1/98
10055622 10055622WN    GALLO         198,400.00       8.75   1,560.81   80           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055630 10055630WN    WILLIAMS       69,717.62      11.83     708.34   75           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055663 10055663WN    DUCHARME       33,750.00      13.5      386.58   75           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055689 10055689WN    SMITH         124,800.00       9.95   1,090.60   80           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055705 10055705WN    TURNER         86,800.00      13.2      973.77   70           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055713 10055713WN    MCGINLEY       34,981.67      10        307.15   70           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055721 10055721WN    SAMUELS II    127,500.00      10.65   1,180.61   75           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055739 10055739WN    CLODFELTER     67,704.00      12.51     723.1    65.7         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055747 10055747WN    WILLIAMS       87,750.00      11.5      868.98   65           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
10055770 10055770WN    ALLISON        33,488.05      11        319.03   64.4         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
</TABLE>
                                  Page 4 of 22

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>
 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----    
 <S>      <C>           <C>              <C>                              <C>                  <C>    <C>   <C>        <C>       
 10055796 10055796WN    DODD             7405 NORTHWEST 52N               LAUDERHILL           FL     33319 SFR         2/1/28   
 10055804 10055804WN    LYNN             11N357 HICKORY COURT             HAMPSHIRE            IL     60140 SFR         3/1/28   
 10055846 10055846WN    ULLOA            1336 NORTH IVY STR               ESCONDIDO            CA     92026 SFR         3/1/28   
 10055861 10055861WN    JARVIS           2100 12TH ST SW                  AKRON                OH     44314 SFR         3/1/28   
 10055887 10055887WN    DERLER           9813 271ST AVENUE                TREVOR               WI     53179 SFR         3/1/28   
 10055895 10055895WN    CASTRO           703 PRESTWICK BLVD               SAN ANTONIO          TX     78223 SFR         3/1/28   
 10055903 10055903WN    WILLIAMSON       5088 BUTTERFIELD DR              WINSTON SAL          NC     27105 SFR         3/1/28   
 10055929 10055929WN    FINLEY           4220 RIVER OAKS DRIVE            SAINT LOUIS          MO     63034 SFR         2/1/28   
 10055945 10055945WN    SHAWANGLZAW      175 WARD STREET U#8              REVERE               MA     21510 CONDO       2/1/28   
 10055960 10055960WN    WOOD             2709 GRANDVIEW AVENUE            MCKEESPORT           PA     15132 SFR         2/1/28   
 10055978 10055978WN    WALTERS          5343 GRAYS AVENUE                PHILADELPHI          PA     19143 SFR         3/1/28   
 10056034 10056034WN    TANZER           615-617 PRESCOTT A               SCRANTON             PA     18508 2-4 UNITS   2/1/28   
 10056059 10056059WN    WILLIAMS         125 EAST BAY STREE               ALLENDALE            SC     29810 SFR         3/1/28   
 10056075 10056075WN    KLIPPSTEIN       7730 POST BRIDGE RD              SPRING               TX     77389 SFR         2/1/28   
 10056091 10056091WN    PRICE            185 NORTH CENTER ST              DUCHESNE             UT     84021 SFR         3/1/28   
 10056109 10056109WN    TURLEY           3630 CRESTWYN DRIVE              MEMPHIS              TN     38125 SFR         3/1/28   
 10056166 10056166WN    COMPTON          208 SOUTH K STR                  IMPERIAL             CA     92251 SFR         3/1/28   
 10056240 10056240WN    BAXTER           111 WEST 15TH ST                 HOUSTON              TX     77008 SFR         2/1/28   
 10056257 10056257WN    SARHAN           4870 HUBBARD STREE               TROY                 MI     48098 SFR         3/1/28   
 10056273 10056273WN    PIKE             1700 VERNON PLACE                FAIRFIELD            OH     45014 SFR         3/1/28   
 10056281 10056281WN    LOWERY           397 ROAN STREET                  SAN JOSE             CA     95123 SFR         3/1/28   
 10056299 10056299WN    DALAS            15843SE256TH STREET              KENT                 WA     98042 2-4 UNITS   3/1/28   
 10056323 10056323WN    RAHIMZADEH       5006 LINDLEY AVENUE              ENCINO AREA          CA     91316 SFR         3/1/28   
 10056331 10056331WN    RODRIGUEZ        14570SW94TH LANE                 MIAMI                FL     33186 SFR         3/1/28   
 10056398 10056398WN    HUDSON           8411 CHALONS COURT               BERKELEY             MO     63134 SFR         3/1/28   
 10056406 10056406WN    JOHNSON          8509 COMMUNITY ROA               LITTLE ROCK          AR     72209 SFR         3/1/28   
 10056414 10056414WN    CARVILLE         2160 NORTH STREET                BEAUMONT             TX     77701 SFR         3/1/28   
 10056430 10056430WN    WADE             2612 LOSANTVILLE AVE             CINCINNATI           OH     45237 SFR         3/1/28   
 10056497 10056497WN    HENDRIX          1001 COMMONWEALTH                KINGS BEACH          CA     96143 SFR         3/1/28   
 10056505 10056505WN    TODD             1209 W. 8TH ST.                  RIVIERA BEA          FL     33404 SFR         3/1/28   
 10056513 10056513WN    ADAMS            113 BROWN DRIVE                  FLORENCE             MS     39073 SFR         3/1/28   
 10056554 10056554WN    GREEN            1077-1079 EAST 18T               COLUMBUS             OH     43203 2-4 UNITS   3/1/28   
 10056570 10056570WN    HARRIS           550 POST RD #805                 RIDGELAND            MS     39157 CONDO       3/1/28   
 10056588 10056588WN    MIXON            7675 KINGSPORT BOULEVAR          NEW ORLEANS          LA     70128 SFR         3/1/28   
 10056596 10056596WN    JONES            424 BRUNNER DRIVE                MONROEVILLE          PA     15146 SFR         3/1/28   
 10056604 10056604WN    CARROLL          1214 WEST HUFF ST                SAN BERNARD          CA     92410 2-4 UNITS   3/1/28   
 10056653 10056653WN    ICAMEN           21209 GEORGETOWN D               SANTA CLARI          CA     91350 SFR         3/1/28   
 10056661 10056661WN    FORRESTER        1665 ELLA GRASSO B               NEW HAVEN            CT     65190 SFR         3/1/28   
 10056687 10056687WN    SPAHN            4335 NORTH ALPINE AVE            SHOREWOOD            WI     53211 SFR         3/1/28   
 10056703 10056703WN    JACKSON          6805 SCENIC HOLLOW               WALLS                MS     38680 SFR         3/1/28   
 10056737 10056737WN    MANDALA          12000 & 12002 TAMBOURINE         STAFFORD             TX     77477 SFR         3/1/28   
 10056752 10056752WN    JACKSON          5562 SANTA BARBARA               MEMPHIS              TN     38116 SFR         3/1/28   
 10056760 10056760WN    RAPOZA           77 TOBEY STREET                  PROVIDENCE           RI     29090 2-4 UNITS   3/1/28   
 10056778 10056778WN    RAPOZA           10 BAINBRIDGE AVE                PROVIDENCE           RI     29090 2-4 UNITS   3/1/28   
 10056786 10056786WN    RAPOZA           514 BROADWAY                     PROVIDENCE           RI     29080 SFR         3/1/28   
 10056810 10056810WN    ANDERSON         813 COMSTOCK DRIVE               FOLSOM               CA     95630 SFR         3/1/28   
 10056828 10056828WN    MILLER           7218 HARNEY                      JENNINGS             MO     63136 SFR         3/1/28   
 10056869 10056869WN    KENNARD          1638 OHIO AVE NE                 CANTON               OH     44705 SFR         3/1/28   
 10056877 10056877WN    HARDY            1073S GRIMESLAND BRIDGE          GRIMESLAND           NC     27837 SFR         3/1/28   
 10056919 10056919WN    CHESSON          1109 KINGSBURY DRIVE             CHESAPEAKE           VA     23320 SFR         3/1/28   
 10056943 10056943WN    BARRIO           28326 S SHIBLEY RO               COLTON               OR     97017 SFR         3/1/28   
 10056992 10056992WN    WRIGHT           1218 4TH NORTHWES ST             NEW PHILADE          OH     44663 SFR         3/1/28   
 10057016 10057016WN    MAHONEY III      46 LELARD ROAD                   BROOKLINE            MA     21460 SFR         3/1/28   
 10057032 10057032WN    MAHONEY III      37-39 HAMPSTEAD ROAD             BOSTON               MA     21300 2-4 UNITS   3/1/28   
 10057040 10057040WN    TRZEBNY          1821 A-B WEST SCOT ST            MILWAUKEE            WI     53204 2-4 UNITS   3/1/28   
 10057057 10057057WN    ZAHN             5738N 61ST STREET                MILWAUKEE            WI     53218 SFR         3/1/28   
 10057065 10057065WN    ZAHN             5744N 61ST STREET                MILWAUKEE            WI     53218 SFR         3/1/28   
 10057073 10057073WN    IGWE             3106 MARTIN LUTHER               BERKELEY             CA     94703 SFR         3/1/28   
 10057081 10057081WN    TERRY            535 EAST PINE PLACE              TULSA                OK     74106 SFR         3/1/28   
 10057099 10057099WN    NATAL            4600 NORTHWEST 1 A               MIAMI                FL     33127 SFR         3/1/28   
 10057115 10057115WN    TISDALE          312 GODWIN STREET                LAKE CITY            SC     29560 SFR         3/1/28   
 10057149 10057149WN    LEWIS            4046 DALTON AVENUE               LOS ANGELES          CA     90062 SFR         3/1/28   

<CAPTION>

Servicer                                4/1/98      
  Loan     AMRESCO      Last          Scheduled    Current    Current         Occupancy Original                              Due
 Number  Loan Number    Name           Balance      Rate   P&I Payment LTV      Status    Term Servicer     Originator        Date
 ------  -----------    ----          ---------     ----   ----------- ---      ------    ---- --------      ----------       ----
 <S>      <C>           <C>           <C>           <C>     <C>        <C>      <C>         <C> <C>          <C>              <C>
 10055796 10055796WN    DODD          136,737.52     9.85   1,185.38   90           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10055804 10055804WN    LYNN          229,600.00    14.38   2,789.67   70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10055846 10055846WN    ULLOA         118,965.00     9.4      991.65   77           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10055861 10055861WN    JARVIS         35,330.00    12.35     372.95   60.9         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10055887 10055887WN    DERLER         82,500.00    11.73     831.5    75           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10055895 10055895WN    CASTRO         30,000.00    10.42     272.63   54.6     NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10055903 10055903WN    WILLIAMSON     68,705.00    14.38     834.77   65           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10055929 10055929WN    FINLEY         91,963.29    10.48     840.18   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10055945 10055945WN    SHAWANGLZAW    24,589.12    10        215.88   60           OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
 10055960 10055960WN    WOOD           27,994.70    13.83     328      70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10055978 10055978WN    WALTERS        21,700.00    14.38     263.66   70           OWNER   360 WENDOVER     ARMC WHOLESALE   5/1/98
 10056034 10056034WN    TANZER         38,837.53    11.48     384.14   79.3         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056059 10056059WN    WILLIAMS       33,600.00    10.83     315.67   70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056075 10056075WN    KLIPPSTEIN    112,435.27     8.75     885.04   90           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056091 10056091WN    PRICE          37,500.00     9.6      318.06   75           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056109 10056109WN    TURLEY        115,000.00     9.35     954.42   56.1         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056166 10056166WN    COMPTON        81,000.00     9.25     666.37   60           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056240 10056240WN    BAXTER         97,455.09     9.81     841.97   65       NON OWNER   360 WENDOVER     ARMC WHOLESALE   3/1/98
 10056257 10056257WN    SARHAN        156,000.00    10.23   1,395.60   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056273 10056273WN    PIKE           80,000.00    10.88     754.61   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056281 10056281WN    LOWERY        247,493.00    13.5    2,834.81   75           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056299 10056299WN    DALAS         176,150.00    10.6    1,624.50   65           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056323 10056323WN    RAHIMZADEH    180,000.00     9.15   1,467.79   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056331 10056331WN    RODRIGUEZ      87,750.00     8.75     690.33   65           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056398 10056398WN    HUDSON         42,500.00    10.15     377.69   85           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056406 10056406WN    JOHNSON        32,900.00    14.25     396.34   70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056414 10056414WN    CARVILLE       98,000.00    10.68     909.66   70       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056430 10056430WN    WADE           60,000.00     9.98     525.66   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056497 10056497WN    HENDRIX        69,892.00     9.45     585.14   80.8         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056505 10056505WN    TODD           40,868.00    11.6      407.83   81.7         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056513 10056513WN    ADAMS          84,422.00    10.1      747.11   64           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056554 10056554WN    GREEN          39,000.00    12.63     420.17   65       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056570 10056570WN    HARRIS         63,000.00     8.43     481.29   70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056588 10056588WN    MIXON          36,000.00     9.45     301.4    80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056596 10056596WN    JONES          97,754.74     9.96     854.98   81.5         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056604 10056604WN    CARROLL        94,250.00     9.38     784.27   65       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056653 10056653WN    ICAMEN        244,925.00     9.25   2,014.94   85.9         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056661 10056661WN    FORRESTER      73,600.00     9.85     637.75   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056687 10056687WN    SPAHN         240,667.50    10.13   2,135.27   86           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056703 10056703WN    JACKSON       187,200.00    10.35   1,691.43   90           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056737 10056737WN    MANDALA        39,000.00     9.63     331.64   75       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056752 10056752WN    JACKSON        52,500.00     9.73     450.29   75       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056760 10056760WN    RAPOZA         48,750.00    12.01     501.82   65       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056778 10056778WN    RAPOZA         48,750.00    12.01     501.82   65       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056786 10056786WN    RAPOZA        150,000.00    11.93   1,534.84   75           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056810 10056810WN    ANDERSON       68,680.00     9.45     574.99   79.9         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056828 10056828WN    MILLER         32,000.00     9.78     275.63   80       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056869 10056869WN    KENNARD        39,200.00    13.5      449      70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056877 10056877WN    HARDY          35,000.00    14.38     425.25   70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056919 10056919WN    CHESSON       224,802.00    11.18   2,171.47   80.3         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056943 10056943WN    BARRIO         96,600.00    10.1      854.88   68           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10056992 10056992WN    WRIGHT         35,500.00    10.8      332.72   41.8         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10057016 10057016WN    MAHONEY III   189,800.00    12.13   1,971.32   65       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10057032 10057032WN    MAHONEY III   218,785.00    13.5    2,505.99   70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10057040 10057040WN    TRZEBNY        44,000.00    11.48     435.06   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10057057 10057057WN    ZAHN           22,125.00    10.61     204.21   75       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10057065 10057065WN    ZAHN           22,125.00    10.61     204.21   75       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10057073 10057073WN    IGWE          184,000.00     9.73   1,578.14   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10057081 10057081WN    TERRY          74,800.00     9.13     608.87   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10057099 10057099WN    NATAL          57,400.00    14.5      702.9    70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10057115 10057115WN    TISDALE        31,500.00    14.38     382.73   70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10057149 10057149WN    LEWIS          91,000.00    11.5      901.17   65           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98

</TABLE>

                                  Page 5 of 22

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>
 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----    
 <S>      <C>           <C>              <C>                              <C>                  <C>    <C>   <C>        <C>       
 10057156 10057156WN    VITTORI          4443 HIGHLAND AVENUE             SHADYSIDE            OH     43947 SFR         3/1/28   
 10057198 10057198WN    WILLIAMS         666 THAYER                       TOLEDO               OH     43609 SFR         3/1/28   
 10057206 10057206WN    LEE              1327 82ND STREET                 UNIVERSITY           MO     63132 SFR         3/1/28   
 10057222 10057222WN    MULLINS          8365 HILLTOP LANE                MARTINSVILL          IN     46151 SFR         3/1/28   
 10057263 10057263WN    MITCHELL         2877 NORTH 17TH ST               MILWAUKEE            WI     53206 2-4 UNITS   3/1/28   
 10057289 10057289WN    JACKOWSKI        1131 HARTT ROAD                  ERIE                 PA     16505 SFR         3/1/28   
 10057321 10057321WN    CAPOLINO         P.O. BOX 295                     SWIFTWATER           PA     18370 SFR         3/1/28   
 10057339 10057339WN    PHILLIPS         2630 NEBRASKA AVENUE             SAINT LOUIS          MO     63118 2-4 UNITS   3/1/28   
 10057354 10057354WN    DUDEK            1426 SHILLINGTON DR              KATY                 TX     77450 SFR         3/1/28   
 10057370 10057370WN    RUSSELL          2993 CLARK MILL RO               NORTON               OH     44203 SFR         3/1/28   
 10057412 10057412WN    LASSITER         3831 TURTLE CREEK BLVD           DALLAS               TX     75219 CONDO       3/1/28   
 10057420 10057420WN    STOVER           908 PEACEFUL GLEN ROAD           CHARLOTTE            NC     28273 SFR         3/1/28   
 10057438 10057438WN    BLACK            4958 51ST BOULEVA                MILWAUKEE            WI     53218 SFR         3/1/28   
 10057537 10057537WN    OSUNA            931 CORRALES STREET              CALEXICO             CA     92231 SFR         3/1/28   
 10057545 10057545WN    GLOVER           205 FERN FOREST DRIVE            RALEIGH              NC     27603 SFR         3/1/28   
 10057578 10057578WN    LEWIS            516 EAST 2ND STREE               FAIRMOUNT            IN     46928 SFR         3/1/28   
 10057594 10057594WN    OSBORNE          3139 -41 NORTH BUFFUM S          MILWAUKEE            WI     53212 2-4 UNITS   3/1/28   
 10057602 10057602WN    BAKER            2126 -28 NORTH 46TH ST           MILWAUKEE            WI     53208 2-4 UNITS   3/1/28   
 10057685 10057685WN    KASTENBAUM       7671 EAST PARKER R               LUCAS                TX     75002 SFR         3/1/28   
 10057727 10057727WN    ALESSI           3000 PRESIDENTIAL WAY            WEST PALM B          FL     33401 CONDO       3/1/28   
 10057735 10057735WN    SANCHEZ          1146 AUKELE STREET               KAILUA               HI     96734 SFR         3/1/28   
 10057743 10057743WN    SUTTON           1608 SOUTH MORTON AVE            EVANSVLLE            IN     47713 SFR         3/1/28   
 10057768 10057768WN    GOLEBOSKI        60 HILLSIDE DRIVE                BEACON FALL          CT     64030 SFR         3/1/28   
 10057776 10057776WN    CARTER           1009 ELLSWORTH STR               GARY                 IN     46404 SFR         3/1/28   
 10057784 10057784WN    TOY              2023 BLINDLAKE DRIVE             HOUSTON              TX     77084 SFR         3/1/28   
 10057800 10057800WN    JOHNSON          303 CUSAAC ROAD                  TIMMONSVILL          SC     29161 SFR         3/1/28   
 10057826 10057826WN    TAGLIAMOUTE      6090 NORTH BAILEY                HARRISON             MI     41625 SFR         3/1/28   
 10057842 10057842WN    DAY              3557 SPRING AVENUE               ST. LOUIS            MO     63116 2-4 UNITS   3/1/28   
 10057933 10057933WN    ADAMS            34 WILLIAMSBURG RO               CREVE COEUR          MO     63141 SFR         3/1/28   
 10057958 10057958WN    DOUGLAS          1012 WINGATE AVENU               ALBANY               GA     31705 SFR         3/1/28   
 10057982 10057982WN    MITCHELL         3003 HARTMETZ AVE                EVANSVILLE           IN     47712 SFR         3/1/28   
 10057990 10057990WN    GAMSO            7014 NORTH VIA DE                SCOTTSDALE           AZ     85258 SFR         3/1/28   
 10058014 10058014WN    ROSS             1106 MONTCLAIR ROAD              COCOA                FL     32922 SFR         3/1/28   
 10058030 10058030WN    DOCKERY JR.      509 GROVER STREET                SHELBY               NC     28151 2-4 UNITS   3/1/28   
 10058048 10058048WN    TAYLOR           612 BROGDEN STREET               DUDLEY               NC     28333 SFR         3/1/28   
 10058055 10058055WN    YANCEY JR        782 WOODLAND AVENUE              PLAINFIELD           NJ     70620 SFR         3/1/28   
 10058089 10058089WN    ZUCAL            25 TRAFALGAR AVENU               EAST STROUD          PA     18301 SFR         3/1/28   
 10058105 10058105WN    LOPEZ            2805 SAVANNAH AVENUE             EL PASO              TX     79930 SFR         3/1/28   
 10058113 10058113WN    SCRUGGS          2547 NORTH 2ND STREET            MILWAUKEE            WI     53212 SFR         3/1/28   
 10058121 10058121WN    BELLINGER        315 A STREET                     WILLISTON            SC     29853 SFR         3/1/28   
 10058147 10058147WN    MALDONADO        2760 GROVE STREET                NATIONAL CI          CA     91950 SFR         3/1/28   
 10058170 10058170WN    DUBIN            2250 TYSON AVENUE                PHILADELPHI          PA     19149 SFR         3/1/28   
 10058238 10058238WN    SAUNDERS         325 FM 2325                      WIMBERLEY            TX     78676 SFR         3/1/28   
 10058246 10058246WN    JENKINS          1225 C AVE                       EMERSON              IA     51533 SFR         3/1/28   
 10058253 10058253WN    TUCKER           5535 1ST STREET                  LUBBOCK              TX     79416 SFR         3/1/28   
 10058345 10058345WN    KIRK             N6579 PARDEEVILLE RD             PARDEEVILLE          WI     53954 SFR         3/1/28   
 10058378 10058378WN    MARTIN           1440W EDGEHILL RD #14            SAN BERNARD          CA     92405 SFR         3/1/28   
 10058410 10058410WN    PRAY             6859 NORTH POPLAR                FREETOWN             IN     47235 SFR         3/1/28   
 10058428 10058428WN    CLARK            17430 SOUTH 92ND EAS             BIXBY                OK     74008 SFR         3/1/28   
 10058436 10058436WN    JURKIEWICZ       9N INDEPENDENCE AVE              JOLIET               IL     60433 SFR         3/1/28   
 10058444 10058444WN    WALLER           18209 SIERRA HIGHW               CANYON COUN          CA     91351 CONDO       3/1/28   
 10058469 10058469WN    HILDEBRAND       3414 MEADOW LANE                 CHESAPEAKE           MD     20732 SFR         3/1/28   
 10058477 10058477WN    WISE             3151 LYNDALE AVENU               BALTIMORE            MD     21213 SFR         3/1/28   
 10058501 10058501WN    PRATT            72 PROSPECT STREET               WELLESLEY            MA     21810 SFR         3/1/28   
 10058519 10058519WN    WOLFF            37 PERRY STREET                  PITTSBURGH           PA     15209 SFR         3/1/28   
 10058543 10058543WN    MCKOY            24661 GORHAM CIRCL               WAGRAM               NC     28396 SFR         3/1/28   
 10058550 10058550WN    BERNHARDT        116 RIVERVIEW DRIV               MANITOWOC            WI     54220 SFR         3/1/28   
 10058618 10058618WN    SHELTON          3977 BAYLISS                     MEMPHIS              TN     38122 SFR         3/1/13   
 10058659 10058659WN    BROADNAX         2305 LOUISE STREET               ANDERSON             IN     46016 SFR         3/1/28   
 10058667 10058667WN    HONG             2012 SANDOWN LANE                DUBLIN               OH     43017 SFR         3/1/28   
 10058683 10058683WN    HAJATI           4008 KNOBHILL DRIV               SHERMAN OAK          CA     91403 SFR         3/1/28   
 10058717 10058717WN    MAHAN            6927 S.W. 115TH PLACE            MIAMI                FL     33173 CONDO       3/1/28   

<CAPTION>

Servicer                                4/1/98      
  Loan     AMRESCO      Last          Scheduled    Current    Current           Occupancy Original                            Due
 Number  Loan Number    Name           Balance      Rate   P&I Payment LTV        Status    Term Servicer    Originator       Date
 ------  -----------    ----          ---------     ----   ----------- ---        ------    ---- --------    ----------       ----
 <S>      <C>           <C>          <C>             <C>     <C>        <C>      <C>         <C> <C>         <C>              <C>
 10057156 10057156WN    VITTORI       37,600.00       9.85     325.81   80           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057198 10057198WN    WILLIAMS      27,000.00      11.85     274.61   60           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057206 10057206WN    LEE           39,200.00       9.45     328.19   80           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057222 10057222WN    MULLINS       90,000.00      10.65     833.38   74.4         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057263 10057263WN    MITCHELL      19,500.00      11.41     191.77   65       NON OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057289 10057289WN    JACKOWSKI     67,054.36      10.23     599.88   86           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057321 10057321WN    CAPOLINO     102,800.00       9.99     901.38   80           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057339 10057339WN    PHILLIPS      19,000.00      11.63     190.04   50       NON OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057354 10057354WN    DUDEK        121,600.00       9.8    1,049.20   80           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057370 10057370WN    RUSSELL       77,350.00      13.5      885.98   70           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057412 10057412WN    LASSITER     181,800.00      12.35   1,919.14   60           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057420 10057420WN    STOVER        49,000.00      14.38     595.36   70           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057438 10057438WN    BLACK         38,500.00      13.83     451      70           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057537 10057537WN    OSUNA         60,990.00       9.4      508.39   52.6         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057545 10057545WN    GLOVER       143,220.00      11.33   1,399.75   77           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057578 10057578WN    LEWIS         22,200.00      10.1      196.46   60           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057594 10057594WN    OSBORNE       36,000.00      10.38     326.08   80           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057602 10057602WN    BAKER         45,500.00      13.63     525.82   70           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057685 10057685WN    KASTENBAUM    50,300.00      10.7      467.65   39.3         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057727 10057727WN    ALESSI        30,240.00      12.25     316.88   65.7   SECOND HOME   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057735 10057735WN    SANCHEZ      209,950.00       8.85   1,666.70   85           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057743 10057743WN    SUTTON        40,500.00      10.45     368.96   75           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057768 10057768WN    GOLEBOSKI     63,000.00      12.7      682.16   48.5         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057776 10057776WN    CARTER        24,040.00      12.2      250.99   70.7         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057784 10057784WN    TOY           52,400.00      10.45     477.37   80           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057800 10057800WN    JOHNSON       32,900.00      14.63     406.28   70           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057826 10057826WN    TAGLIAMOUTE   33,000.00      10.25     295.71   55           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057842 10057842WN    DAY           31,850.00      11.48     314.92   65       NON OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057933 10057933WN    ADAMS        203,000.00       9.65   1,729.19   70           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057958 10057958WN    DOUGLAS       28,000.00      13.75     326.23   70           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057982 10057982WN    MITCHELL      19,000.00      12.7      205.73   34.5         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10057990 10057990WN    GAMSO        156,500.00       9.13   1,273.90   82.4         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058014 10058014WN    ROSS          52,000.00      10.85     489.32   80           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058030 10058030WN    DOCKERY JR.   74,770.00      10.61     690.11   66.5     NON OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058048 10058048WN    TAYLOR        63,000.00      14.38     765.46   70           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058055 10058055WN    YANCEY JR     79,500.00      12.83     868.88   57.6         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058089 10058089WN    ZUCAL         47,900.00       9.98     419.65   67           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058105 10058105WN    LOPEZ         45,850.00      10.08     405.08   70       NON OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058113 10058113WN    SCRUGGS       26,250.00      10.53     240.71   75           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058121 10058121WN    BELLINGER     49,000.00      14.38     595.36   70           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058147 10058147WN    MALDONADO     61,750.00       8.78     487.11   65           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058170 10058170WN    DUBIN         45,500.00      11.06     435.37   70           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058238 10058238WN    SAUNDERS      52,500.00      12.55     562.35   75           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058246 10058246WN    JENKINS      141,000.00      11.03   1,345.97   75           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058253 10058253WN    TUCKER        49,500.00      14        586.51   75           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058345 10058345WN    KIRK          76,700.00      13.13     856.26   65           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058378 10058378WN    MARTIN        40,500.00       9.75     347.96   90           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058410 10058410WN    PRAY          39,000.00       8.85     309.6    60           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058428 10058428WN    CLARK         56,250.00      11.95     576.43   75           OWNER   360 WENDOVER    AMRESCO          4/1/98
 10058436 10058436WN    JURKIEWICZ    39,000.00      12.13     405.07   65           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058444 10058444WN    WALLER        61,557.00      10.25     551.61   86.7         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058469 10058469WN    HILDEBRAND    71,400.00      14.38     867.52   70           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058477 10058477WN    WISE          44,250.00      11.53     439.22   75           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058501 10058501WN    PRATT        170,000.00       8.27   1,279.54   66.7         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058519 10058519WN    WOLFF         84,296.68       8.53     649.96   81.8         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058543 10058543WN    MCKOY         23,350.00      10.73     217.62   46.7         OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058550 10058550WN    BERNHARDT     44,200.00      12.88     484.8    65           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058618 10058618WN    SHELTON       30,800.00      13.75     405.02   70           OWNER   180 WENDOVER    ARMC WHOLESALE   4/1/98
 10058659 10058659WN    BROADNAX      25,500.00       8.95     204.26   75           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058667 10058667WN    HONG          88,000.00      11.5      871.46   55           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058683 10058683WN    HAJATI       333,000.00       8.75   2,619.71   90           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98
 10058717 10058717WN    MAHAN         72,000.00      10.1      637.18   80           OWNER   360 WENDOVER    ARMC WHOLESALE   4/1/98

</TABLE>

                                  Page 6 of 22
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>

 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----    
 <S>      <C>           <C>              <C>                              <C>                  <C>    <C>   <C>         <C>       
 10058725 10058725WN    WILLIAMS         502 WEST CYPRESS                 ORANGE               TX     77630 2-4 UNITS   3/1/28      
 10058733 10058733WN    BROOM            970 PEMBROOK ROAD                CLEVELAND H          OH     44121 SFR         3/1/28      
 10058741 10058741WN    OWENS            251 SOUTH CHARITY                BETHEL               OH     45106 SFR         3/1/28      
 10058758 10058758WN    STOKES           924 SHORE DRIVE                  NEWPORT NEW          VA     23607 SFR         3/1/28      
 10058790 10058790WN    TIBBETTS         344 BROAD STREET                 NASHUA               NH     30630 SFR         3/1/28      
 10058808 10058808WN    GILLESPIE JR     1914 MATAGORDA DRI               DALLAS               TX     75232 SFR         3/1/28      
 10058816 10058816WN    SHEPHERD         9726 KERRY GLEN LA               HOUSTON              TX     77078 SFR         3/1/28      
 10058857 10058857WN    COMBS            2013 BEVERLYNN LAN               SAN ANDREAS          CA     95249 SFR         3/1/28      
 10058873 10058873WN    ALGIERI          1902 MADISON STREE               HOLLYWOOD            FL     33020 2-4 UNITS   3/1/28      
 10058899 10058899WN    CARRIGER         38603 LILAC VIEW                 PALMDALE             CA     93550 SFR         3/1/28      
 10058980 10058980WN    STATON           925 NORTHWEST DALE AVE           PORTLAND             OR     97229 SFR         3/1/28      
 10059012 10059012WN    ANDERSON         1136 MYRTLE AVENU                BALTIMORE            MD     21201 SFR         3/1/28      
 10059053 10059053WN    HOUSTON          3240-3246 CHERRY S               DENVER               CO     80207 2-4 UNITS   3/1/28      
 10059061 10059061WN    BADEN            53 KELLY ROAD                    CAMBRIDGE            MA     21390 2-4 UNITS   3/1/28      
 10059111 10059111WN    GALARZA          2672-2674 NORTH 40               MILWAUKEE            WI     53210 2-4 UNITS   3/1/28      
 10059160 10059160WN    CONTE SR         24 ANGELA DRIVE                  EAST HAVEN           CT     65120 SFR         3/1/28      
 10059178 10059178WN    SASSO            2215 CYPRESS ISLAND DR           POMPANO BEA          FL     33069 CONDO       3/1/28      
 10059186 10059186WN    SLAGLE           RT 3 BOX 102                     PIERCE CITY          MO     95723 SFR         3/1/28      
 10059228 10059228WN    GODBOUT          4450 SOUTHWEST 93R               DAVIE                FL     33328 SFR         3/1/28      
 10059293 10059293WN    STOKER JR.       1104 WEST MARSHALL               TULSA                OK     74127 SFR         3/1/28      
 10059327 10059327WN    WISE             300 CANTON ROAD                  WINTERSVILL          OH     43953 SFR         3/1/28      
 10059343 10059343WN    SETTLE           3502 SIERRA PINES                HOUSTON              TX     77068 SFR         3/1/28      
 10059350 10059350WN    CONWAY           309 SOUTH SHERMAN AVE            SCRANTON             PA     18504 SFR         3/1/28      
 10059400 10059400WN    BRATTON          1441 WEST 5TH STRE               MESA                 AZ     85201 SFR         3/1/28      
 10059418 10059418WN    ARTHUR           116 GREENLEAF                    LUMBERTON            TX     77657 SFR         3/1/28      
 10059426 10059426WN    DEES             5326 SOUTHEAST 92N               PORTLAND             OR     97206 SFR         3/1/28      
 10059467 10059467WN    RAMOS            1316 WALTON AVENUE               RACINE               WI     53402 SFR         3/1/28      
 10059483 10059483WN    YELDELL          4509 CRAIGWOOD DRI               CHARLOTTE            NC     28215 SFR         3/1/28      
 10059509 10059509WN    COOPER           39 CABOT STREET                  SALEM                MA     19700 SFR         3/1/28      
 10059525 10059525WN    STRAYHORN        374 KING STREET                  TRENTON              NC     28585 SFR         3/1/28      
 10059558 10059558WN    JACQUEZ          233 GRANVILLE AVEN               BELLWOOD             IL     60104 SFR         3/1/28      
 10059574 10059574WN    JONES            596 WESTMINSTER AVE              ELIZABETH            NJ     72080 SFR         3/1/28      
 10059582 10059582WN    SCHILLO          125 EAST SPRING ST               FRACKVILLE           PA     17931 SFR         3/1/28      
 10059616 10059616WN    NIPPER           80 DUNHAM DRIVE                  TEXARKANA            TX     75503 SFR         3/1/28      
 10059640 10059640WN    RHODES           1109 JACKSON STREE               CINCINNATI           OH     45215 SFR         3/1/28      
 10059657 10059657WN    DOWNING          133 EAST GAMBLE ST               CARO                 MI     48723 SFR         3/1/28      
 10059665 10059665WN    DUNNAVANT        209 NORTH JACKSON                LEBANON              MO     65536 SFR         3/1/28      
 10059707 10059707WN    BUTTS            2608 PORTSMOUTH BLVD             PORTSMOUTH           VA     23704 SFR         3/1/28      
 10059723 10059723WN    SLATER           141 COKER ST                     DARLINGTON           SC     29532 SFR         3/1/28      
 10059756 10059756WN    CUNNINGHAM       45351 VIA JACA                   TEMECULA             CA     92592 SFR         3/1/28      
 10059764 10059764WN    BISHOP           330 NORTHWEST 157TH S            N MIAMI BEA          FL     33169 SFR         3/1/28      
 10059798 10059798WN    CONWAY           1013 LOONEY                      MEMPHIS              TN     38107 SFR         3/1/28      
 10059830 10059830WN    STAPP            578 WEST 9TH STREE               UPLAND               CA     91782 SFR         3/1/28      
 10059855 10059855WN    DIEGO            155 PUHILI ST                    HILO                 HI     96720 SFR         3/1/28      
 10059871 10059871WN    KUMAMOTO         LOT 27 U#B1                      KEALAKEKUA           HI     96750 CONDO       3/1/28      
 10059897 10059897WN    GREENE           15216S ASHLAND AVE               HARVEY               IL     60426 SFR         3/1/28      
 10059921 10059921WN    KUMAMOTO         LOT 27 MAMALAHOA HWY             KEALAKEKUA           HI     96750 CONDO       3/1/28      
 10059939 10059939WN    LUCIA            1440 HALAMA STREE                KIHEI                HI     96753 SFR         3/1/28      
 10060010 10060010WN    ROBINSON         62 NORTH 17TH ST                 COLUMBUS             OH     43203 SFR         3/1/28      
 10060036 10060036WN    MELONSON         507 GRANTHAM ROAD                BAYTOWN              TX     77521 SFR         3/1/28      
 10060044 10060044WN    WONG             14724 SOUTHWEST 132ND PL         MIAMI                FL     33186 SFR         3/1/28      
 10060069 10060069WN    MORRELL          3213 8TH STREET EA               BRADENTON            FL     34208 SFR         3/1/28      
 10060077 10060077WN    MORRELL          3211 8TH STREET EA               BRADENTON            FL     34208 SFR         3/1/28      
 10060101 10060101WN    LALL             1414 NORTHEAST 135               NORTH MIAMI          FL     33161 SFR         3/1/28      
 10060119 10060119WN    OBERLY           1147 UTAH                        TOLEDO               OH     43605 SFR         3/1/28      
 10060143 10060143WN    MAZZOLA          5145 42ND PLACE NORTH            ST PETERSBU          FL     33709 SFR         3/1/28      
 10060168 10060168WN    COLLINS          1366 MACOMBO ROAD                FT. MYERS            FL     33919 SFR         3/1/28      
 10060176 10060176WN    PITTMAN          7432 SUNSHINE SKYWAY             ST PETERSBU          FL     33711 CONDO       3/1/28      
 10060275 10060275WN    THOMPSON         88-90 RHODES AVENU               AKRON                OH     44302 2-4 UNITS   3/1/28      
 10060283 10060283WN    HAMILTON         809W PAYSON PARKWAY              PAYSON               AZ     88541 SFR         3/1/28      
 10060309 10060309WN    JONES            8001 SOUTH STEWART AVE           CHICAGO              IL     60620 SFR         3/1/28      
 10060333 10060333WN    GOLPHIN          5101 51ST WAY                    W PALM BEAC          FL     33407 SFR         3/1/28      

<CAPTION>

Servicer                                 4/1/98      
  Loan     AMRESCO      Last            Scheduled Current    Current           Occupancy Original                            Due
 Number  Loan Number    Name             Balance   Rate   P&I Payment LTV        Status    Term Servicer    Originator       Date
 ------  -----------    ----            ---------  ----   ----------- ---         ------   ---- --------    ----------       ----
 <S>      <C>           <C>            <C>          <C>     <C>        <C>      <C>         <C> <C>          <C>              <C>
 10058725 10058725WN    WILLIAMS        68,100.00   13.5      780.03   71.7         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10058733 10058733WN    BROOM           60,000.00    8.9      478.46   79           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10058741 10058741WN    OWENS           48,300.00   11.7      485.69   70           OWNER   360 WENDOVER     ARMC WHOLESALE   5/1/98
 10058758 10058758WN    STOKES         282,000.00    9.38   2,346.56   74.2         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10058790 10058790WN    TIBBETTS       103,200.00    9.8      890.44   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10058808 10058808WN    GILLESPIE JR   106,200.00    9.35     881.39   90           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10058816 10058816WN    SHEPHERD        29,750.00   13.75     346.62   70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10058857 10058857WN    COMBS          110,700.00    9.35     918.73   90           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10058873 10058873WN    ALGIERI        102,168.00    8        749.67   81.8         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10058899 10058899WN    CARRIGER        54,000.00    9.98     473.09   75       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10058980 10058980WN    STATON         129,000.00    9.75   1,108.31   86           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059012 10059012WN    ANDERSON        33,600.00   12.48     358.08   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059053 10059053WN    HOUSTON         85,858.00    9.13     698.88   71.6     NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059061 10059061WN    BADEN          135,200.00   10.45   1,231.68   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059111 10059111WN    GALARZA         33,000.00    8.83     261.5    75       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059160 10059160WN    CONTE SR       150,400.00    9.9    1,308.77   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059178 10059178WN    SASSO           57,600.00   13.75     671.1    72           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059186 10059186WN    SLAGLE          52,200.00   10.6      481.4    90           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059228 10059228WN    GODBOUT        179,250.00    8.15   1,334.06   75           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059293 10059293WN    STOKER JR.      32,725.00   13.75     381.28   70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059327 10059327WN    WISE            56,000.00    8.15     416.78   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059343 10059343WN    SETTLE         114,400.00   10.48   1,044.75   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059350 10059350WN    CONWAY          31,920.00   11.88     325.39   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059400 10059400WN    BRATTON         47,800.00    9.1      388.05   61.3         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059418 10059418WN    ARTHUR          87,600.00    9.85     759.06   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059426 10059426WN    DEES            78,000.00    9.48     654.73   75       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059467 10059467WN    RAMOS           43,550.00   12.63     469.19   65           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059483 10059483WN    YELDELL         65,800.00   14.38     799.48   70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059509 10059509WN    COOPER         103,000.00   12.5    1,099.28   68.7         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059525 10059525WN    STRAYHORN       39,600.00   14.63     489.02   72           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059558 10059558WN    JACQUEZ         80,500.00   15.13   1,026.25   70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059574 10059574WN    JONES          146,332.00   10.13   1,298.25   89.5         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059582 10059582WN    SCHILLO         40,000.00    9.33     331.39   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059616 10059616WN    NIPPER          85,800.00   14.55   1,054.08   73.2         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059640 10059640WN    RHODES          69,300.00   10.6      639.1    90           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059657 10059657WN    DOWNING         30,200.00    9.25     248.45   63.6         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059665 10059665WN    DUNNAVANT       27,200.00   10.25     243.74   85           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059707 10059707WN    BUTTS           24,375.00   13.26     274.6    65       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059723 10059723WN    SLATER          35,000.00   14.38     425.25   70           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059756 10059756WN    CUNNINGHAM     215,700.00    9      1,735.57   90           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059764 10059764WN    BISHOP         117,250.00   10.97   1,113.94   67       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059798 10059798WN    CONWAY          39,950.00   10.5      365.44   85           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059830 10059830WN    STAPP          107,100.00    8.66     835.68   71.4     NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059855 10059855WN    DIEGO          138,800.00    9.05   1,121.81   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059871 10059871WN    KUMAMOTO       160,000.00    9.7    1,368.78   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059897 10059897WN    GREENE          44,000.00   11.88     448.53   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059921 10059921WN    KUMAMOTO       144,000.00    9.7    1,231.90   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10059939 10059939WN    LUCIA          200,000.00    8.5    1,537.83   28.6         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10060010 10060010WN    ROBINSON        45,500.00    8.98     365.45   70       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10060036 10060036WN    MELONSON        47,672.00    9.45     399.11   80.8         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10060044 10060044WN    WONG           133,600.00    9.23   1,097.16   80           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10060069 10060069WN    MORRELL         29,250.00   12.88     320.82   65       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10060077 10060077WN    MORRELL         29,250.00   12.88     320.82   65       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10060101 10060101WN    LALL            76,320.00   12.75     829.36   72           OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10060119 10060119WN    OBERLY          20,800.00    9.73     178.4    65       NON OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10060143 10060143WN    MAZZOLA         41,057.00   13.5      470.27   70.8         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10060168 10060168WN    COLLINS         43,889.00   13.5      502.71   70.8         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10060176 10060176WN    PITTMAN         74,430.00    9.45     623.13   82.7         OWNER   360 WENDOVER     ARMC WHOLESALE   5/1/98
 10060275 10060275WN    THOMPSON        60,920.00   13.5      697.79   71.3         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10060283 10060283WN    HAMILTON        97,500.00    8.1      722.23   65           OWNER   360 WENDOVER     ARMC RETAIL      4/1/98
 10060309 10060309WN    JONES           75,000.00   16.13   1,016.43   74.3         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98
 10060333 10060333WN    GOLPHIN         36,015.00   10.75     336.19   62.1         OWNER   360 WENDOVER     ARMC WHOLESALE   4/1/98

</TABLE>

                                  Page 7 of 22

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>

 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----    
 <S>      <C>           <C>              <C>                              <C>                  <C>    <C>   <C>         <C>       
 10060341 10060341WN    BINKS            166 WEST 2400 NORTH              SUNSET               UT     84015 SFR         3/1/28      
 10060358 10060358WN    BRANDON          400 NORTH 7TH AVENUE             MAYWOOD              IL     60153 SFR         3/1/28      
 10060366 10060366WN    MILLER           555 NORTHEAST 7 AVENUE           FT. LAUDERD          FL     33301 CONDO       3/1/28      
 10060374 10060374WN    THOMAS           207 CENTRE AVENUE                NORRISTOWN           PA     19403 CONDO       3/1/28      
 10060473 10060473WN    TEMPLE           1432NE3RD AVE                    FORT LAUDER          FL     33312 2-4 UNITS   3/1/28      
 10060515 10060515WN    PORCHE           1523 WEST 82ND STREE             LOS ANGELES          CA     90047 SFR         3/1/28      
 10060556 10060556WN    HAMILTON JR.     605 EAST PIPKIN STREET           BEAUMONT             TX     77705 SFR         3/1/28      
 10060606 10060606WN    TRUE             1317 COSTA AVENUE                SAN PABLO            CA     94806 2-4 UNITS   3/1/28      
 10060614 10060614WN    PARADY           28 SOUTH 100 WEST                WALES                UT     84667 SFR         3/1/28      
 10060622 10060622WN    MITCHELL         205 EAST SUNSET DRIVE            RED SPRINGS          NC     28377 SFR         3/1/28      
 10060630 10060630WN    WILLIAMS         915 EAST BRAGG STREET            GREENSBORO           NC     27406 SFR         3/1/28      
 10060663 10060663WN    FRIEDMAN         11551 SEMINOLE CIRCLE            NORTHRIDGE           CA     91326 SFR         3/1/28      
 10060705 10060705WN    PRIBEAGU         10427 NORTHEAST OR               PORTLAND             OR     97220 SFR         3/1/28      
 10060713 10060713WN    FOSTER           19466 ELENA LANE                 JAMUL                CA     92035 SFR         3/1/28      
 10060739 10060739WN    WALDRON          28 HOLLINGSWORTH ST              MATTAPAN             MA     21260 SFR         3/1/28      
 10060747 10060747WN    WATTS            7440 CABOT STREET                HOUSTON              TX     77016 SFR         3/1/13      
 10060788 10060788WN    CALER            1256 MARYLAND AVEN               AKRON                OH     44319 SFR         3/1/28      
 10060812 10060812WN    MORTENSEN        83 SOUTH 200 WEST                IVINS                UT     84738 SFR         3/1/28      
 10060820 10060820WN    WHITE            1086 KAREN DRIVE                 AKRON                OH     44313 SFR         3/1/28      
 10060838 10060838WN    SUMMERS          4231 SOUTH LYNHURST              INDIANAPOLIS         IN     46221 SFR         3/1/28      
 10060853 10060853WN    DRABIK           415 EARL COURT                   ELYRIA               OH     44035 SFR         3/1/28      
 10060861 10060861WN    DAHDUH           2041 WISTERIA DRIV               JACKSON              MS     39204 SFR         3/1/28      
 10060879 10060879WN    SCHWARZMANN      702 REED STREET                  LAKE MILLS           WI     53551 SFR         3/1/28      
 10060895 10060895WN    SWINDLE          206 SHANKLE DRIVE                COURTLAND            MS     38620 SFR         3/1/28      
 10060903 10060903WN    KOCH             33 AQUINAS STREET                LAKE OSWEGO          OR     97035 SFR         3/1/28      
 10060911 10060911WN    FRIDGE           250 EL DORADO #133E              WEBSTER              TX     77598 CONDO       3/1/28      
 10060945 10060945WN    SANDERS III      701 JEFFERSON STRE               BENNETTSVIL          SC     29512 SFR         3/1/28      
 10060960 10060960WN    WELCH            324 THOMAS STREET                WINTERSVILL          OH     43952 SFR         3/1/28      
 10060978 10060978WN    MCLANE           2787 PICKMEIER LANE              CINCINNATI           OH     45211 SFR         3/1/28      
 10061000 10061000WN    WAECHTLER        45-342 LILIPUNA RO               KANEOHE              HI     96744 CONDO       3/1/28      
 10061018 10061018WN    ST. GERMAIN      2005 NORTH ARROWHEAD             CHANDLER             AZ     85224 SFR         3/1/28      
 10061109 10061109WN    WEARING          4634 WEST KEEFE AV               MILWAUKEE            WI     53216 SFR         3/1/28      
 10061125 10061125WN    JEPSEN           1233 RAFAEL AVENUE N             KEIZER               OR     97303 SFR         3/1/28      
 10061133 10061133WN    NICKELSON        616 NORTH LONG AVE               CHICAGO              IL     60644 SFR         3/1/28      
 10061141 10061141WN    KINKELAR         14 MARY ANN COURT                FLORISSANT           MO     63031 SFR         3/1/28      
 10061174 10061174WN    MATLOCK          111 CONCORD                      CARENCRO             LA     70520 SFR         3/1/28      
 10061232 10061232WN    DEARSTYNE        48 DERBY STREET                  SALEM                MA     19700 SFR         3/1/28      
 10061240 10061240WN    NELSON           1906 BAXTER AVENUE               SUPERIOR             WI     54880 SFR         3/1/28      
 10061257 10061257WN    SHULTZ           1035 SOUTH JASON A               AKRON                OH     44314 SFR         3/1/28      
 10061273 10061273WN    SPONCIL          146 MYRTLE TERRACE               GREENWOOD            IN     46142 SFR         3/1/28      
 10061307 10061307WN    NEAL             119 NORTH WEST STREET            EATON                IN     47338 SFR         3/1/28      
 10061448 10061448WN    TABINO           1840 SOUTHEAST 44TH AVE          PORTLAND             OR     97215 SFR         3/1/28      
 10061463 10061463WN    STRATTON         77 CHAPEL ROAD                   GETTYSBURG           PA     17325 SFR         3/1/28      
 10061471 10061471WN    BELL             916 W22097 ARCADIA               WAUKESHA             WI     53186 SFR         3/1/28      
 10061513 10061513WN    FLENOURY         420 EAST 98TH STRE               LOS ANGELES          CA     90003 SFR         3/1/28      
 10061521 10061521WN    HAWKINS          9040 NORTH 85TH ST               MILWAUKEE            WI     53224 CONDO       3/1/28      
 10061539 10061539WN    HARPER           5411W JEFFERSON STREET           PHILADELPHI          PA     19131 SFR         3/1/28      
 10061547 10061547WN    PACITTO          30647 CALLE PINA COLADA          TEMECULA             CA     92591 SFR         3/1/28      
 10061562 10061562WN    HUFF             RT 628 P.O. BOX21                WHITE POST           VA     22663 SFR         3/1/28      
 10061604 10061604WN    BARNES           11226 JACKSON STRE               OMAHA                NE     68154 SFR         3/1/28      
 10061620 10061620WN    JONES            860 MERCER STREET                AKRON                OH     44320 SFR         3/1/28      
 10061695 10061695WN    BROUSSARD        5111 REMUS AVENUE                HOUSTON              TX     77053 SFR         3/1/28      
 10061703 10061703WN    JUNSAY           947 HURON STREET                 SAN FRANCIS          CA     94112 SFR         3/1/28      
 10061729 10061729WN    HARRIS           4049 CHARLENE DRIV               LOS ANGELES          CA     90043 SFR         3/1/28      
 10061760 10061760WN    WEBB             304 RANSOM STREET                REIDSVILLE           NC     27320 SFR         3/1/28      
 10061778 10061778WN    PIERRE           215NW121ST STREET                NORTH MIAMI          FL     33168 SFR         3/1/28      
 10061786 10061786WN    KELLY            586 NORTH HIGHLAND               OAKLAND              PA     15071 2-4 UNITS   3/1/28      
 10061810 10061810WN    DAUGHERTY        206 WEST PARK STRE               HOWELL               MI     48843 SFR         3/1/28      
 10061828 10061828WN    POOLE            793 STONER STREET                AKRON                OH     44320 SFR         3/1/28      
 10061869 10061869WN    CARTER           3719 WEST WALNUT S               MILWAUKEE            WI     53208 SFR         3/1/28      
 10061919 10061919WN    SANTOS           1299 LOWER RODI RO               TURTLE CREE          PA     15145 SFR         3/1/28      
 10061935 10061935WN    KERRIGAN         12015 118TH STREET EAST          PUYALLUP             WA     98374 SFR         3/1/28      

<CAPTION>

Servicer                               4/1/98      
  Loan     AMRESCO      Last          Scheduled     Current     Current        Occupancy  Original                            Due
 Number  Loan Number    Name           Balance       Rate    P&I Payment LTV     Status     Term Servicer    Originator       Date
 ------  -----------    ----          ---------      ----    ----------- ---      ------    ---- --------    ----------       ----
 <S>      <C>           <C>           <C>             <C>     <C>        <C>     <C>         <C> <C>        <C>              <C>
 10060341 10060341WN    BINKS          74,250.00       9.73     636.83   75      NON OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060358 10060358WN    BRANDON        41,600.00      13.76     485.02   65      NON OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060366 10060366WN    MILLER        106,600.00       8.95     853.9    82          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060374 10060374WN    THOMAS         44,800.00      12.48     477.44   80          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060473 10060473WN    TEMPLE        106,600.00       9.45     892.46   82          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060515 10060515WN    PORCHE         81,000.00       9.75     695.92   90          OWNER   360 WENDOVER   AMRESCO          4/1/98
 10060556 10060556WN    HAMILTON JR.   56,250.00       9.95     491.56   75          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060606 10060606WN    TRUE           68,250.00      12.88     748.59   65      NON OWNER   360 WENDOVER   AMRESCO          4/1/98
 10060614 10060614WN    PARADY         60,900.00       8.78     480.41   70          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060622 10060622WN    MITCHELL       19,800.00      14.38     240.57   60          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060630 10060630WN    WILLIAMS       32,900.00      14.63     406.28   70          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060663 10060663WN    FRIEDMAN      378,750.00       8.25   2,845.42   75.8        OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060705 10060705WN    PRIBEAGU       98,250.00       9.37     816.84   75      NON OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060713 10060713WN    FOSTER        126,400.00       9      1,017.04   80          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060739 10060739WN    WALDRON        80,500.00      13.5      922.06   70          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060747 10060747WN    WATTS          20,075.00      10.45     221.29   55          OWNER   180 WENDOVER   ARMC WHOLESALE   4/1/98
 10060788 10060788WN    CALER         100,800.00       8.75     792.99   90          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060812 10060812WN    MORTENSEN     110,151.00       9.6      934.26   83.9        OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060820 10060820WN    WHITE          92,000.00       9.95     803.97   80          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060838 10060838WN    SUMMERS        60,600.00       9.45     507.35   80.8        OWNER   360 WENDOVER   AMRESCO          4/1/98
 10060853 10060853WN    DRABIK         45,850.00      14.25     552.35   70          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060861 10060861WN    DAHDUH         25,200.00      10.4      228.63   45          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060879 10060879WN    SCHWARZMANN    93,600.00      10.98     889.96   65          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060895 10060895WN    SWINDLE        60,000.00       9.35     497.96   72.7        OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060903 10060903WN    KOCH          240,400.00      10.7    2,235.06   80          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060911 10060911WN    FRIDGE         24,050.00      11.75     242.76   65          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060945 10060945WN    SANDERS III    87,000.00      10.28     781.55   60          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060960 10060960WN    WELCH         108,000.00       9.85     935.83   90          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10060978 10060978WN    MCLANE         41,000.00      11        390.45   58.6        OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061000 10061000WN    WAECHTLER      45,500.00       9.9      395.94   65          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061018 10061018WN    ST. GERMAIN    86,670.00       8.65     675.65   81          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061109 10061109WN    WEARING        40,000.00      11.73     403.15   80          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061125 10061125WN    JEPSEN        110,925.00      10.45   1,010.53   76.5        OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061133 10061133WN    NICKELSON      55,300.00      14.51     677.62   70      NON OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061141 10061141WN    KINKELAR       35,100.00      12.25     367.81   65          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061174 10061174WN    MATLOCK       125,600.00       9.9    1,092.96   80          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061232 10061232WN    DEARSTYNE     120,000.00       9.9    1,044.23   80          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061240 10061240WN    NELSON         35,500.00      11.33     346.96   73.2        OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061257 10061257WN    SHULTZ         52,500.00      14        622.06   70          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061273 10061273WN    SPONCIL       220,500.00      11.1    2,116.55   90          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061307 10061307WN    NEAL           29,189.00       9.5      245.44   85.8        OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061448 10061448WN    TABINO        130,900.00       9.23   1,074.99   77      NON OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061463 10061463WN    STRATTON      105,115.09      10.03     924.79   76.7        OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061471 10061471WN    BELL           91,875.00      10.38     832.19   75          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061513 10061513WN    FLENOURY       74,750.00       9.1      606.84   65          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061521 10061521WN    HAWKINS        24,000.00      12.48     255.77   80          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061539 10061539WN    HARPER         23,870.00      10.41     216.74   62      NON OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061547 10061547WN    PACITTO       265,000.00       8.75   2,084.76   72.6        OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061562 10061562WN    HUFF          115,000.00      12.38   1,216.65   62.8        OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061604 10061604WN    BARNES         61,586.00      14        729.72   70.8        OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061620 10061620WN    JONES          46,750.00       9.1      379.53   85          OWNER   360 WENDOVER   AMRESCO          4/1/98
 10061695 10061695WN    BROUSSARD      48,712.86      10.45     456.38   80.8        OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061703 10061703WN    JUNSAY        181,818.00       9.95   1,588.87   80.8        OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061729 10061729WN    HARRIS        175,000.00       9.9    1,522.83   70          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061760 10061760WN    WEBB           32,200.00      14.38     391.23   70          OWNER   360 WENDOVER   AMRESCO          4/1/98
 10061778 10061778WN    PIERRE         81,112.00      11.7      815.65   77.3        OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061786 10061786WN    KELLY          34,500.00      11.23     334.56   75          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061810 10061810WN    DAUGHERTY      92,950.00      10.85     874.67   65          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061828 10061828WN    POOLE          42,500.00       9.5      357.36   85          OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061869 10061869WN    CARTER         22,500.00       9.96     196.79   75      NON OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061919 10061919WN    SANTOS         92,071.61      10.83     865.01   76.7        OWNER   360 WENDOVER   ARMC WHOLESALE   4/1/98
 10061935 10061935WN    KERRIGAN       49,000.00       9.25     403.11   48          OWNER   360 WENDOVER   ARMC RETAIL      4/1/98

</TABLE>

                                  Page 8 of 22
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>

 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----    
 <S>      <C>           <C>              <C>                              <C>                  <C>    <C>   <C>         <C>       
 10061950 10061950WN    KINNUNEN         2719 NORTHEST 80TH               VANCOUVER            WA     98665 MANUF'D HM  3/1/28      
 10061968 10061968WN    BINKS            5448W WESTSLOPE DR               SALT LAKE C          UT     84118 SFR         3/1/28      
 10062032 10062032WN    GIRMATSION       1126 NORTHEAST HIGHLAND          PORTLAND             OR     97211 SFR         3/1/28      
 10062040 10062040WN    WILLIAMS         W1093 VALLEY VIEW                SPRING PRAI          WI     53105 SFR         3/1/28      
 10062057 10062057WN    LIVINGSTON       59 BLACKWATER ROAD               PENACOOK             NH     33030 SFR         3/1/28      
 10062073 10062073WN    EDWARDS          14942 SW 302 TERRA               MIAMI                FL     33033 SFR         3/1/28      
 10062099 10062099WN    BALLESTEROS      1413 OCALA COURT                 CHULA VISTA          CA     91911 SFR         3/1/28      
 10062123 10062123WN    ROYAL            8053 HOLLOW CREEK CT             INDIANAPOLI          IN     46268 SFR         3/1/28      
 10062131 10062131WN    GRUNDMEYER       3619 CADILLAC DRIVE              WATERLOO             IA     50701 SFR         3/1/28      
 10062156 10062156WN    TURBEN           9650 ARROWHEAD SHORE             EDGERTON             WI     53534 SFR         3/1/28      
 10062164 10062164WN    TAYLOR           7651 SANDY COVE DR               NEW ORLEANS          LA     70128 SFR         3/1/28      
 10062206 10062206WN    YEARWOOD         108 ADAMS STREET                 STRATFORD            CT     64970 2-4 UNITS   3/1/28      
 10062214 10062214WN    ALLEN            5335 CUTHBERT AVEN               BALTIMORE            MD     21215 SFR         3/1/28      
 10062230 10062230WN    SIMMONS          1418 CATHERINE ST                MEMPHIS              TN     38111 SFR         3/1/28      
 10062255 10062255WN    LUCAS            1525 WEST 11TH STR               MARION               IN     46953 SFR         3/1/28      
 10062271 10062271WN    CREIGHTON JR     807 HAUGHTON ROAD                EDENTON              NC     27932 SFR         3/1/28      
 10062313 10062313WN    PEAH             1884 ROSALIND AVENUE             EAST CLEVEL          OH     44112 SFR         3/1/28      
 10062321 10062321WN    PERRI            120 PARK WAY                     MCKEESPORT           PA     15131 SFR         3/1/28      
 10062362 10062362WN    PIES             6430 JASON COURT                 MIDDLETOWN           OH     45044 SFR         3/1/28      
 10062388 10062388WN    REECE            3292 N.C.HWY 18 US 64            MORGANTON            NC     28655 SFR         3/1/28      
 10062396 10062396WN    WRONA            114 KAMPA CIRCLE                 MONTICELLO           MN     55362 SFR         3/1/28      
 10062404 10062404WN    MEGARITY         1409 WEST OSTEND STR             BALTIMORE            MD     21223 SFR         3/1/28      
 10062420 10062420WN    NELSON           2528- 30 N RICHARD ST            MILWAUKEE            WI     53212 SFR         3/1/28      
 10062438 10062438WN    SCOTT            ROUTE 1 BOX 1-B                  HEMINGWAY            SC     29554 SFR         3/1/28      
 10062461 10062461WN    MICHAELSON       10210 MOSHIE LANE                SAN ANTONIO          FL     33576 PUD         3/1/28      
 10062495 10062495WN    WILLIAMSON       6502 WINDY WAY LAN               PEARLAND             TX     77554 SFR         3/1/28      
 10062537 10062537WN    MONTALVO         603 FLORAL DRIVE                 KISSIMMEE            FL     34743 SFR         3/1/28      
 10062560 10062560WN    HEDMANN          30395 EAST BLOSSOM               GOVERNMENT           OR     97208 SFR         3/1/13      
 10062610 10062610WN    GARCES           11185 DE GARMO AVENU             LOS ANGELES          CA     91331 SFR         3/1/28      
 10062701 10062701WN    HART             317 CURTIS STREET                MIDDLETOWN           OH     45044 SFR         3/1/28      
 10062792 10062792WN    SKARZYNSKI       1119-21 NORTH 24TH               MILWAUKEE            WI     53212 2-4 UNITS   3/1/28      
 10062826 10062826WN    BURR             128 WEST DURFEE                  GRANTSVILLE          UT     84029 SFR         3/1/28      
 10062859 10062859WN    BINZ             11 SHENADO PLACE                 SAN JOSE             CA     95136 SFR         3/1/28      
 10062867 10062867WN    JANCOSKO         422 MEADOWVIEW DRIVE             MC KEES ROCKS        PA     15136 SFR         3/1/28      
 10062883 10062883WN    BIGGS            6418 SOUTH WINCHESTE             CHICAGO              IL     60636 SFR         3/1/28      
 10062925 10062925WN    DAVIDSON         29 FRANCIS AVENUE                PAWTUCKET            RI     28600 SFR         3/1/28      
 10062966 10062966WN    THIELKER         1807 COUNTRY CLUB                CRAWFORDSVI          IN     47933 SFR         3/1/28      
 10062990 10062990WN    FATTAH           4 BALFER COURT                   GREENVILLE           SC     29615 CONDO       3/1/28      
 10063014 10063014WN    HOWARD           8404 CLEAR MEADOW                CHARLOTTE            NC     28227 SFR         3/1/28      
 10063030 10063030WN    WALKER           198 EAST SHELBY DR               MEMPHIS              TN     38109 SFR         3/1/28      
 10063063 10063063WN    RIVERA           715 WOLF LAKE AVENUE             LAS VEGAS            NV     89030 SFR         4/1/28      
 10063071 10063071WN    COPLEY           4825 EAST 90TH STR               GARFIELD HE          OH     44125 SFR         3/1/28      
 10063097 10063097WN    GARCIA           6837 HESPERIA AVEN               RESEDA AREA          CA     91335 SFR         3/1/28      
 10063105 10063105WN    CLARK            16 SEATON PL NW                  WASHINGTON           DC     20001 SFR         3/1/28      
 10063139 10063139WN    SLOANE           540 PERRY STREET                 READING              PA     19601 SFR         3/1/28      
 10063188 10063188WN    PARNELL          4724 SYLVAN AVENUE               PITTSBURGH           PA     15207 SFR         3/1/28      
 10063246 10063246WN    BUCKWAY          2362 MADISON AVENU               OGDEN                UT     84401 2-4 UNITS   3/1/28      
 10063303 10063303WN    TERNORA          796 HOOMALIMALI ST               PEARL CITY           HI     96782 SFR         3/1/28      
 10063311 10063311WN    MCFARLAND        1417 WEST CLARK STRE             SPRINGFIELD          OH     45506 SFR         3/1/28      
 10063337 10063337WN    SAIGN            10251 ALDRICH AVENUE             BLOOMINGTON          MN     55420 SFR         4/1/28      
 10063352 10063352WN    CUMMINGS         89 BABOOSIC LAKE R               AMHERST              NH     30310 SFR         4/1/28      
 10063378 10063378WN    BURRIS           145 EAST 8680 SOUTH              SANDY                UT     84070 2-4 UNITS   3/1/28      
 10063402 10063402WN    LACK             21348 BERMUDA STRE               CHATSWORTH           CA     91311 SFR         4/1/28      
 10063436 10063436WN    BISHOP           608 WEST CONGRESS ST             MAYWOOD              IL     60153 SFR         4/1/28      
 10063469 10063469WN    MCCLAIN          595 ALMA STREET                  BEAUMONT             TX     77705 SFR         4/1/28      
 10063485 10063485WN    FLANNIGAN        10916 HAMPDEN AVEN               CLEVELAND            OH     44108 2-4 UNITS   3/1/28      
 10063493 10063493WN    FLANNIGAN        10920 MORISON AVEN               CLEVELAND            OH     44108 2-4 UNITS   3/1/28      
 10063501 10063501WN    HUTCHINSON       14736 SOUTHWEST SH               TIGARD               OR     97224 SFR         3/1/28      
 10063519 10063519WN    KELLY            728 COLUMBUS AVENU               AKRON                OH     44306 SFR         4/1/28      
 10063535 10063535WN    FOWLER           444 WEST STREET                  GUILFORD             CT      6437 SFR         4/1/28      
 10063543 10063543WN    PECK             410 HANKEY FARMS D               OAKDALE              PA     15071 SFR         4/1/28      
 10063550 10063550WN    WALKER           4033 DIEHL AVENUE                CINCINNATI           OH     45236 SFR         3/1/28      
 
<CAPTION>

Servicer                               4/1/98      
  Loan     AMRESCO      Last          Scheduled      Current    Current        Occupancy  Original                            Due
 Number  Loan Number    Name           Balance        Rate   P&I Payment LTV     Status     Term Servicer    Originator       Date
 ------  -----------    ----          ---------       ----   ----------- ---      ------    ---- --------    ----------       ----
 <S>      <C>           <C>           <C>             <C>     <C>        <C>      <C>         <C> <C>         <C>             <C>
 10061950 10061950WN    KINNUNEN       66,000.00      10.85     621.06   60           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10061968 10061968WN    BINKS          82,500.00       9.73     707.59   75       NON OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062032 10062032WN    GIRMATSION     89,284.00       9.23     733.22   80.8         OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062040 10062040WN    WILLIAMS      187,500.00      12.23   1,961.91   75           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062057 10062057WN    LIVINGSTON     67,500.00      10.24     604.37   75           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062073 10062073WN    EDWARDS        49,200.00      12.6      528.91   60           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062099 10062099WN    BALLESTEROS   148,000.00       8.84   1,173.84   80           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062123 10062123WN    ROYAL          93,750.00      13.5    1,073.82   75           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062131 10062131WN    GRUNDMEYER     42,000.00       9.98     367.96   32.3         OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062156 10062156WN    TURBEN        110,400.00       9.61     937.18   80           OWNER   360 WENDOVER    AMRESCO         4/1/98
 10062164 10062164WN    TAYLOR         53,720.00      11.75     542.25   68           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062206 10062206WN    YEARWOOD       87,100.00      12.13     904.65   65       NON OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062214 10062214WN    ALLEN          46,400.00      10.83     435.93   80           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062230 10062230WN    SIMMONS        38,500.00      14        456.18   70           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062255 10062255WN    LUCAS          32,900.00      13.5      376.84   70           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062271 10062271WN    CREIGHTON JR   32,000.00      11.58     318.85   54.2         OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062313 10062313WN    PEAH           38,500.00      11.7      387.15   70           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062321 10062321WN    PERRI          88,388.75       8.93     706.75   81.8         OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062362 10062362WN    PIES          117,000.00       9.85   1,013.81   90           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062388 10062388WN    REECE          19,250.00      12.33     202.91   50           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062396 10062396WN    WRONA          66,500.00      10.48     607.31   67.9         OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062404 10062404WN    MEGARITY       26,000.00      10.9      245.64   65       NON OWNER   360 WENDOVER    AMRESCO         4/1/98
 10062420 10062420WN    NELSON         25,200.00      12.18     262.71   70           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062438 10062438WN    SCOTT          40,200.00      12.48     428.41   60           OWNER   360 WENDOVER    ARMC WHOLESALE  5/1/98
 10062461 10062461WN    MICHAELSON     59,817.00      10.7      556.13   76.69        OWNER   360 WENDOVER    AMRESCO         4/1/98
 10062495 10062495WN    WILLIAMSON    108,373.00      10.35     979.2    90.9         OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062537 10062537WN    MONTALVO       67,500.00      11.38     662.27   90           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062560 10062560WN    HEDMANN       159,390.00       7.35   1,464.01   77       NON OWNER   180 WENDOVER    ARMC WHOLESALE  4/1/98
 10062610 10062610WN    GARCES         66,582.00       9.77     573.02   75           OWNER   360 WENDOVER    AMRESCO         4/1/98
 10062701 10062701WN    HART           48,000.00      10.1      424.79   64           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062792 10062792WN    SKARZYNSKI     45,500.00      11.26     442.27   70       NON OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062826 10062826WN    BURR           80,500.00      13.5      922.06   70           OWNER   360 WENDOVER    AMRESCO         4/1/98
 10062859 10062859WN    BINZ          197,600.00       8.9    1,575.74   80           OWNER   360 WENDOVER    AMRESCO         4/1/98
 10062867 10062867WN    JANCOSKO      224,000.00       9.86   1,942.63   80           OWNER   360 WENDOVER    AMRESCO         4/1/98
 10062883 10062883WN    BIGGS          46,018.00      14.38     559.12   70.8         OWNER   360 WENDOVER    AMRESCO         4/1/98
 10062925 10062925WN    DAVIDSON       77,710.00      11.02     741.23   81.8         OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062966 10062966WN    THIELKER      249,900.00      10.45   2,276.60   75.7         OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10062990 10062990WN    FATTAH         34,134.00       9.23     280.32   75.85        OWNER   360 WENDOVER    AMRESCO         4/1/98
 10063014 10063014WN    HOWARD         51,750.00       9.28     426.86   75           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10063030 10063030WN    WALKER         57,800.00      10.25     517.95   85           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10063063 10063063WN    RIVERA         99,790.00       9.45     835.45   80.8         OWNER   360 WENDOVER    AMRESCO         5/1/98
 10063071 10063071WN    COPLEY         52,000.00      11.75     524.89   65           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10063097 10063097WN    GARCIA        104,959.00       9.7      897.91   80.8         OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10063105 10063105WN    CLARK          69,650.00      13.88     818.65   70           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10063139 10063139WN    SLOANE         38,465.47       9.03     310.33   81.84        OWNER   360 WENDOVER    AMRESCO         4/1/98
 10063188 10063188WN    PARNELL        29,905.00      11.83     303.7    76.7         OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10063246 10063246WN    BUCKWAY        91,910.00       9.93     801.83   70.7     NON OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10063303 10063303WN    TERNORA       225,250.00      10.1    1,993.40   85           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10063311 10063311WN    MCFARLAND      39,000.00      10.1      345.14   61.9         OWNER   360 WENDOVER    AMRESCO         4/1/98
 10063337 10063337WN    SAIGN          56,550.00      12.97     624.23   65           OWNER   360 WENDOVER    AMRESCO         5/1/98
 10063352 10063352WN    CUMMINGS      110,000.00       8.58     852.05   69.6         OWNER   360 WENDOVER    ARMC WHOLESALE  5/1/98
 10063378 10063378WN    BURRIS         89,600.00       8.73     703.6    80           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10063402 10063402WN    LACK          258,000.00       8.6    2,002.11   60           OWNER   360 WENDOVER    ARMC WHOLESALE  5/1/98
 10063436 10063436WN    BISHOP         56,000.00      14.88     702.72   70           OWNER   360 WENDOVER    AMRESCO         5/1/98
 10063469 10063469WN    MCCLAIN        47,268.00       9.9      411.32   80.8         OWNER   360 WENDOVER    ARMC WHOLESALE  5/1/98
 10063485 10063485WN    FLANNIGAN      45,500.00       9.66     387.91   70       NON OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10063493 10063493WN    FLANNIGAN      47,600.00       9.66     405.82   70       NON OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10063501 10063501WN    HUTCHINSON    313,900.00       9.65   2,673.86   86           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 10063519 10063519WN    KELLY          72,000.00       9.5      605.42   80           OWNER   360 WENDOVER    ARMC WHOLESALE  5/1/98
 10063535 10063535WN    FOWLER        148,000.00      10.98   1,407.20   80           OWNER   360 WENDOVER    AMRESCO         5/1/98
 10063543 10063543WN    PECK           90,000.00      10.48     821.92   90           OWNER   360 WENDOVER    ARMC WHOLESALE  5/1/98
 10063550 10063550WN    WALKER        100,300.00       9.25     825.14   85           OWNER   360 WENDOVER    ARMC WHOLESALE  4/1/98
 
</TABLE>

                                  Page 9 of 22
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>

 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----    
 <S>      <C>           <C>              <C>                              <C>                  <C>    <C>   <C>         <C>       
 10063568 10063568WN    DIAZ             16367 CITRUSTREE ROA             WHITTIER             CA     90603 SFR         4/1/28      
 10063576 10063576WN    KIRK             10448S ROSEWOOD WAY              MOLALLA              OR     97038 SFR         3/1/28      
 10063592 10063592WN    DEIBELE          19718 REICHARDT RO               KIEL                 WI     53042 SFR         4/1/28      
 10063600 10063600WN    HOUGH            4216 RIDGE RUN ROAD              MARSHVILLE           NC     28103 SFR         4/1/28      
 10063642 10063642WN    RIEHLE           1940 NORTH 27TH STRE             MILWAUKEE            WI     53208 SFR         3/1/28      
 10063659 10063659WN    WILLIAMS         3069 NORTHWEST 50 ST             MIAMI                FL     33142 SFR         4/1/28      
 10063675 10063675WN    JOHNSON          890 JOHNSON AVENUE               NORFOLK              VA     23504 SFR         3/1/28      
 10063717 10063717WN    HOLMES           2907 GEORGIA AVENUE              WASHINGTON           DC     20001 SFR         3/1/28      
 10063808 10063808WN    PIERA            4800 COOLIDGE AVENUE             CULVER CITY          CA     90230 SFR         4/1/28      
 10063832 10063832WN    SMITH            796 JERUSALEM ROAD               COHASSET             MA     20250 SFR         4/1/28      
 10063857 10063857WN    WALSH            78 WALNUT STREET                 PLYMOUTH             PA     18651 SFR         4/1/28      
 10063865 10063865WN    GOLDEN           38 STEARNS ROAD                  OGUNQUIT             ME      3907 SFR         3/1/28      
 10063881 10063881WN    BREUER           219 TODD ROAD                    WOLCOTT              CT      6716 SFR         3/1/28      
 10063915 10063915WN    REYES            17438 VIA SEGUNDO                SAN LORENZO          CA     94580 PUD         3/1/28      
 10063931 10063931WN    EDMOND           7230 WEST CONGRESS S             MILWAUKEE            WI     53218 SFR         3/1/28      
 10063956 10063956WN    WILLIAMS         360 WEST SPRINGS S               WEST HAVEN           CT     65160 CONDO       3/1/28      
 10063972 10063972WN    BUNN             586 COLE AVENUE                  AKRON                OH     44301 SFR         4/1/28      
 10063980 10063980WN    KELLY            2379 BRIARWEST #70               HOUSTON              TX     77077 SFR         3/1/28      
 10064020 10064020WN    KERN             8940 NORTH 96TH ST               MILWAUKEE            WI     53224 SFR         4/1/28      
 10064053 10064053WN    RAINES           2538 WEST 700 NORTH              MONON                IN     47959 SFR         4/1/28      
 10064079 10064079WN    GONZALES         1312 WEST SEPULVED               SAN PEDRO A          CA     90732 SFR         4/1/28      
 10064137 10064137WN    DOUGALL          12737 UPLANDER STREE             COON RAPIDS          MN     55448 SFR         3/1/28      
 10064160 10064160WN    WILSON           ROAD 1 BOX 238 KINGS             WEIRTON              WV     26062 SFR         3/1/28      
 10064186 10064186WN    COLLINS          1323 OAKLEY STREET               EVANSVILLE           IN     47710 SFR         4/1/28      
 10064194 10064194WN    BURDICK          16294 LAURELHILL C               PARKER               CO     80134 SFR         3/1/28      
 10064210 10064210WN    CRAFTS           12758 14TH STREET                YUCAIPA              CA     92399 SFR         4/1/28      
 10064236 10064236WN    DEMARS           2270 PARK AVENUE NOR             SALEM                OR     97301 SFR         4/1/28      
 10064269 10064269WN    BOYLES           418 WOODLAWN AVENUE              CRAMERTON            NC     28032 SFR         4/1/28      
 10064277 10064277WN    GARCIA           1934 NORTH MONTICELL             CHICAGO              IL     60647 2-4 UNITS   4/1/28      
 10064285 10064285WN    HINCKLEY         3064 SIERRA AVENUE               NORCO                CA     91760 SFR         4/1/28      
 10064319 10064319WN    WILKINS          4359 3RD AVENUE                  SACRAMENTO           CA     95817 SFR         4/1/28      
 10064350 10064350WN    GRAY             2918 NORTH 1ST STREE             MILWAUKEE            WI     53212 2-4 UNITS   4/1/28      
 10064376 10064376WN    STOUTE           2730 WEST WATSON DR              BLOOMINGTON          IN     47403 SFR         4/1/28      
 10064400 10064400WN    NGUYEN           136 SYDNEY STREET                DORCHESTER           MA      2125 2-4 UNITS   3/1/28      
 10064418 10064418WN    SCOTT            1209 CULLEN DRIVE                FAYETTEVILLE         NC     28304 SFR         4/1/28      
 10064434 10064434WN    GARRELL          7475 CLAREDON ROAD               CHADBOURN            NC     28431 SFR         4/1/28      
 10064459 10064459WN    PETROSSI         736 NORTH 4TH STREET             STEUBENVILLE         OH     43952 SFR         4/1/28      
 10064509 10064509WN    CAMPBELL         7725 MARKET STREET               WILMINGTON           NC     28405 SFR         4/1/28      
 10064525 10064525WN    WILHELM          92- 8687 CATAMARAN LAN           OCEANVIEW            HI     96737 SFR         4/1/28      
 10064533 10064533WN    MCLAUGHLIN       607 HILLTOP ROAD                 CINNAMINSON          NJ      8077 SFR         3/1/28      
 10064541 10064541WN    CARROLL          524 NORTH CALHOUN ST             BALTIMORE            MD     21223 SFR         3/1/28      
 10064616 10064616WN    HOPKINS          2917 HENSLOWE DRIVE              RALEIGH              NC     27603 SFR         4/1/28      
 10064632 10064632WN    HELFRICH         2811 SAINT ANDREWS D             FINDLAY              OH     45840 SFR         4/1/28      
 10064681 10064681WN    HEWITT           66592 CSAH 33                    DARWIN               MN     55324 SFR         4/1/28      
 10064707 10064707WN    BISTARKEY        135 FANNIE STREET                MC DONALD            PA     15057 SFR         4/1/28      
 10064731 10064731WN    BROWN            2160- 62 ETHLYN AVE              MEMPHIS              TN     38114 2-4 UNITS   3/1/28      
 10064756 10064756WN    MULKEY           127 NORTHWEST 83RD S             MIAMI                FL     33150 SFR         3/1/28      
 10064764 10064764WN    SHORT            4613 EAST 78TH STREE             TULSA                OK     74136 SFR         4/1/28      
 10064830 10064830WN    WILDER           4582 NORTHEAST 75T               PORTLAND             OR     97218 SFR         3/1/28      
 10064863 10064863WN    HEUTMAKER        254 POTOSI WAY                   HENDERSON            NV     89014 PUD         3/1/28      
 10064871 10064871WN    PIPLICA          512 OWENS AVENUE                 MCKEESPORT           PA     15133 SFR         4/1/28      
 10064889 10064889WN    TOWNSEND         80 EAST POND ROAD                NOBLEBORO            ME      4555 SFR         4/1/28      
 10064905 10064905WN    WOMBLE           4828 BIER STREET                 BELLEVILLE           IL     62226 SFR         4/1/28      
 10064921 10064921WN    HENRY            7804 SOUTH WOLCOTT A             CHICAGO              IL     60620 SFR         4/1/28      
 10064939 10064939WN    KING             3465 NORTH 3RD STRE              MILWAUKEE            WI     53212 SFR         4/1/28      
 10064947 10064947WN    MANIEDEO         2730 NORTHWEST 2ND S             BOYNTON BEACH        FL     33426 SFR         3/1/28      
 10064954 10064954WN    GUYMON           1600 EAST 800 NORTH              PRICE                UT     94501 SFR         4/1/28      
 10064970 10064970WN    MASTERS          171 SOUTH FIRST STRE             COALDALE             PA     18218 SFR         4/1/28      
 10064988 10064988WN    HAMM             3960 NORTHWEST 177 S             MIAMI                FL     33055 SFR         4/1/28      
 10064996 10064996WN    KOWALKOWSKI      5930 WEST APPLETON A             MILWAUKEE            WI     53210 SFR         4/1/28      
 10065019 10065019WN    LESKO            25315 FRIAR LAKE L               SPRING               TX     77373 SFR         3/1/28      
 10065027 10065027WN    AVENDANO         2640 NORTHWEST 107 A             SUNRISE              FL     33322 SFR         4/1/28      

<CAPTION>

Servicer                               4/1/98      
  Loan     AMRESCO      Last          Scheduled      Current    Current        Occupancy  Original                            Due
 Number  Loan Number    Name           Balance        Rate   P&I Payment LTV     Status     Term Servicer    Originator       Date
 ------  -----------    ----          ---------       ----   ----------- ---      ------    ---- --------    ----------       ----
 <S>      <C>           <C>         <C>             <C>     <C>        <C>      <C>         <C> <C>          <C>             <C>
 10063568 10063568WN    DIAZ        127,260.00       9.8    1,098.04   70.7         OWNER   360 WENDOVER     AMRESCO         5/1/98
 10063576 10063576WN    KIRK        248,965.00      10.1    2,203.27   89.9         OWNER   360 WENDOVER     ARMC WHOLESALE  4/1/98
 10063592 10063592WN    DEIBELE     120,000.00       9.98   1,051.31   53.3         OWNER   360 WENDOVER     ARMC WHOLESALE  5/1/98
 10063600 10063600WN    HOUGH        56,000.00      14.38     680.41   70           OWNER   360 WENDOVER     ARMC WHOLESALE  5/1/98
 10063642 10063642WN    RIEHLE       20,150.00      10.79     188.7    65       NON OWNER   360 WENDOVER     AMRESCO         4/1/98
 10063659 10063659WN    WILLIAMS     43,712.50       9.1      354.87   67.25        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10063675 10063675WN    JOHNSON      46,400.00      10.28     416.83   80           OWNER   360 WENDOVER     AMRESCO         4/1/98
 10063717 10063717WN    HOLMES       61,750.00       9.98     540.99   65           OWNER   360 WENDOVER     AMRESCO         4/1/98
 10063808 10063808WN    PIERA       194,000.00       9.03   1,565.16   68.07        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10063832 10063832WN    SMITH       249,000.00       9.78   2,144.78   67.1         OWNER   360 WENDOVER     ARMC WHOLESALE  5/1/98
 10063857 10063857WN    WALSH        56,800.00      10.36     513.64   80           OWNER   360 WENDOVER     ARMC WHOLESALE  5/1/98
 10063865 10063865WN    GOLDEN      179,900.00       9.62   1,528.47   70       NON OWNER   360 WENDOVER     AMRESCO         4/1/98
 10063881 10063881WN    BREUER       99,900.00       9.75     858.3    90           OWNER   360 WENDOVER     AMRESCO         4/1/98
 10063915 10063915WN    REYES       158,822.00       8.85   1,260.81   85.85        OWNER   360 WENDOVER     AMRESCO         4/1/98
 10063931 10063931WN    EDMOND       46,500.00      11.01     443.18   75       NON OWNER   360 WENDOVER     AMRESCO         4/1/98
 10063956 10063956WN    WILLIAMS     38,400.00      10.45     349.83   80           OWNER   360 WENDOVER     ARMC WHOLESALE  4/1/98
 10063972 10063972WN    BUNN         51,850.00      10.25     464.63   85           OWNER   360 WENDOVER     ARMC WHOLESALE  5/1/98
 10063980 10063980WN    KELLY        40,050.00      10.35     361.87   90           OWNER   360 WENDOVER     ARMC WHOLESALE  4/1/98
 10064020 10064020WN    KERN        117,000.00      11.23   1,134.60   65           OWNER   360 WENDOVER     ARMC WHOLESALE  5/1/98
 10064053 10064053WN    RAINES       76,500.00       9.35     634.9    90           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064079 10064079WN    GONZALES    151,725.00       9.25   1,248.20   86.7         OWNER   360 WENDOVER     ARMC WHOLESALE  5/1/98
 10064137 10064137WN    DOUGALL     108,000.00       9.86     936.62   80           OWNER   360 WENDOVER     AMRESCO         4/1/98
 10064160 10064160WN    WILSON       20,400.00      11.6      203.58   78.46        OWNER   360 WENDOVER     AMRESCO         4/1/98
 10064186 10064186WN    COLLINS      23,100.00      12.95     254.63   70           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064194 10064194WN    BURDICK     173,600.00      14.5    2,125.83   70           OWNER   360 WENDOVER     ARMC WHOLESALE  4/1/98
 10064210 10064210WN    CRAFTS       47,750.00      14.25     575.24   64.97        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064236 10064236WN    DEMARS       55,000.00      10.85     517.55   62.86        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064269 10064269WN    BOYLES       28,593.00      10.28     256.86   51.15        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064277 10064277WN    GARCIA       81,250.00      10.98     772.54   65           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064285 10064285WN    HINCKLEY    159,681.00       9.25   1,313.66   85.85        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064319 10064319WN    WILKINS      42,000.00      10.75     392.06   60       NON OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064350 10064350WN    GRAY         40,150.00      16.13     544.13   73           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064376 10064376WN    STOUTE       71,200.00       9.15     580.59   80           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064400 10064400WN    NGUYEN      126,750.00      10.53   1,162.28   75       NON OWNER   360 WENDOVER     AMRESCO         4/1/98
 10064418 10064418WN    SCOTT        52,010.00       9.88     451.82   70           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064434 10064434WN    GARRELL      32,200.00      10.28     289.26   70           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064459 10064459WN    PETROSSI     30,600.00      11        291.41   90           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064509 10064509WN    CAMPBELL     36,000.00      12.48     383.65   60           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064525 10064525WN    WILHELM      90,000.00      10.35     813.19   90           OWNER   360 WENDOVER     ARMC WHOLESALE  5/1/98
 10064533 10064533WN    MCLAUGHLIN  136,500.00      14.88   1,712.87   70           OWNER   360 WENDOVER     AMRESCO         4/1/98
 10064541 10064541WN    CARROLL      30,800.00      13.88     362.02   70           OWNER   360 WENDOVER     AMRESCO         4/1/98
 10064616 10064616WN    HOPKINS      82,250.00      13.88     966.75   70           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064632 10064632WN    HELFRICH    143,000.00       9.35   1,186.80   89.94        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064681 10064681WN    HEWITT       56,250.00      11.03     536.96   75           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064707 10064707WN    BISTARKEY    36,400.00      14.38     442.26   70           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064731 10064731WN    BROWN        24,375.00      10.9      230.29   65       NON OWNER   360 WENDOVER     ARMC WHOLESALE  4/1/98
 10064756 10064756WN    MULKEY       71,890.00      10.6      662.99   91           OWNER   360 WENDOVER     AMRESCO         4/1/98
 10064764 10064764WN    SHORT       199,750.00       8.95   1,600.05   85           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064830 10064830WN    WILDER      100,613.00      10.48     918.84   81.8         OWNER   360 WENDOVER     ARMC WHOLESALE  4/1/98
 10064863 10064863WN    HEUTMAKER   124,988.00       8.62     971.7    75.75        OWNER   360 WENDOVER     AMRESCO         4/1/98
 10064871 10064871WN    PIPLICA      25,000.00       9.73     214.42   73.5         OWNER   360 WENDOVER     ARMC WHOLESALE  5/1/98
 10064889 10064889WN    TOWNSEND     84,000.00      10.03     739.02   80           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064905 10064905WN    WOMBLE       48,000.00      11.98     493      80           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064921 10064921WN    HENRY        54,473.00      10.7      506.44   67.25        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064939 10064939WN    KING         22,400.00      11.06     214.34   70       NON OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064947 10064947WN    MANIEDEO     60,000.00      10.9      566.86   80           OWNER   360 WENDOVER     AMRESCO         4/1/98
 10064954 10064954WN    GUYMON       80,800.00       8.15     601.35   80.8         OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064970 10064970WN    MASTERS      52,800.00      10.33     476.28   80           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064988 10064988WN    HAMM         54,987.50      12.25     576.21   66.25        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10064996 10064996WN    KOWALKOWSKI  37,628.00      10.83     353.52   81.8         OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065019 10065019WN    LESKO        64,600.00       9.25     531.45   85           OWNER   360 WENDOVER     ARMC WHOLESALE  4/1/98
 10065027 10065027WN    AVENDANO     91,840.00       9.45     768.89   82           OWNER   360 WENDOVER     AMRESCO         5/1/98

</TABLE>

                                 Page 10 of 22

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>

 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----    
 <S>      <C>           <C>              <C>                              <C>                  <C>    <C>   <C>         <C>       
 10065068 10065068WN    HIMES            1155 11TH STREET                 MARION               IA     52302 SFR         4/1/28      
 10065076 10065076WN    GULLEY           324 FERNWOOD DRIVE               AKRON                OH     44320 SFR         4/1/28      
 10065084 10065084WN    SMALL            1802 PERRY AVENUE                WILMINGTON           NC     28403 SFR         4/1/28      
 10065092 10065092WN    POWE             5464 NORTH 56TH STRE             MILWAUKEE            WI     53218 SFR         4/1/28      
 10065100 10065100WN    MEDEIROS         86-3660 MAMALAHOA H              CAPTAIN COOK         HI     96704 SFR         4/1/28      
 10065118 10065118WN    ALBRIGHT         8637 GLENLOCH STREET             PHILADELPHIA         PA     19136 SFR         3/1/28      
 10065126 10065126WN    THEOBALD         1330 UHLHORN STREET              EVANSVILLE           IN     47710 SFR         4/1/28      
 10065134 10065134WN    FORGEY           28824 COUNTY ROAD 22             ELKHART              IN     46517 SFR         4/1/28      
 10065142 10065142WN    RIGGS            4920 NORTHEAST 27TH              LIGHTHOUSE POINT     FL     33064 SFR         4/1/28      
 10065159 10065159WN    MILLER           405 LIN-WAL DRIVE                LEXINGTON            KY     40505 SFR         4/1/28      
 10065167 10065167WN    ERVIN            1204 WEST 25TH STREE             INDIANAPOLIS         IN     46208 SFR         4/1/28      
 10065183 10065183WN    THOMAS           3815 WINDCREST ROAD              MEMPHIS              TN     38116 SFR         4/1/28      
 10065209 10065209WN    ROYSE            6927 PADDISON ROAD               CINCINNATI           OH     45230 SFR         4/1/28      
 10065241 10065241WN    FORDE            757 C AVENUE                     NORFOLK              VA     23504 SFR         3/1/28      
 10065266 10065266WN    DUEVER           100 NORTH EATHERTON              CHESTERFIELD         MO     63005 SFR         4/1/28      
 10065308 10065308WN    PETERSON         576 SOUTH 800 EAST               OREM                 UT     84097 2-4 UNITS   4/1/28      
 10065316 10065316WN    LAUB             498 H MAPLELEAF DRIV             CINCINNATI           OH     45255 CONDO       4/1/28      
 10065324 10065324WN    BROWN            133 ASTER CIRCLE                 COLUMBIA             SC     29201 SFR         3/1/28      
 10065340 10065340WN    PARKER           322 NORTH 63RD STREE             PHILADELPHIA         PA     19139 SFR         4/1/28      
 10065415 10065415WN    TERKEL           2119 SOUTH 61ST STRE             WEST ALLIS           WI     53219 SFR         4/1/28      
 10065431 10065431WN    BECKER           25 DEERTON ROAD                  CHESWICK             PA     15024 SFR         4/1/28      
 10065472 10065472WN    YOUNG            137 B STREET                     SPRINGVILLE          UT     84663 SFR         4/1/28      
 10065480 10065480WN    ROBERSON         15276 GOLDEN COURT               SYLMAR AREA          CA     91342 PUD         4/1/28      
 10065514 10065514WN    SCOTT            971 HARMON AVENUE                HAMILTON             OH     45011 SFR         4/1/28      
 10065522 10065522WN    MORIN            200 STATE HIGHWAY RO             LEOMINSTER           MA      1453 SFR         4/1/28      
 10065530 10065530WN    MUDD             1112 OAK STREET                  JEFFERSON CITY       MO     65101 SFR         4/1/28      
 10065563 10065563WN    MAY              1396 DAVIS ROAD SOUT             SALEM                OR     97306 SFR         4/1/28      
 10065605 10065605WN    CIARAMELLA       1144 EAST CREEK VIEW             GOULDSBORO           PA     18424 PUD         4/1/28      
 10065639 10065639WN    JACKSON          3849 SKIDMORE DRIVE              DECATUR              GA     30034 SFR         4/1/28      
 10065662 10065662WN    GAMMIERE         424 NORTON STREET                PITTSBURGH           PA     15211 SFR         4/1/28      
 10065704 10065704WN    ALLEN            5210 DEVON DRIVE                 INDIANAPOLIS         IN     46226 SFR         4/1/28      
 10065720 10065720WN    CLINE            3622 KOIR DRIVE                  STOW                 OH     44224 SFR         4/1/28      
 10065860 10065860WN    JOHNSON          1642 SOUTH 26TH STRE             PHILADELPHIA         PA     19145 SFR         4/1/28      
 10065886 10065886WN    BEVAN            2533 ADAMS AVENUE                OGDEN                UT     84401 2-4 UNITS   4/1/28      
 10065894 10065894WN    HASTY            2209 ASHE STREET                 DURHAM               NC     27703 SFR         4/1/28      
 10065910 10065910WN    HILL             2621 NORTH 22ND STRE             MESA                 AZ     85213 SFR         4/1/28      
 10065951 10065951WN    SIMMONS          2683 OVERTON CROSSIN             MEMPHIS              TN     38127 SFR         4/1/28      
 10065977 10065977WN    MARTINEZ         88 NORTHWEST 154TH S             NORTH MIAMI          FL     33165 SFR         4/1/28      
 10065985 10065985WN    HEADLEY          11 SHERWOOD DRIVE                SPENCER              MA      1562 SFR         4/1/28      
 10065993 10065993WN    SALAZAR          7721 B WEST SHERIDAN             MILWAUKEE            WI     53218 CONDO       4/1/28      
 10066009 10066009WN    SALAZAR          7721 C WEST SHERIDAN             MILWAUKEE            WI     53218 CONDO       4/1/28      
 10066033 10066033WN    PRETLOW          13457 COURTHOUSE HIG             SMITHFIELD           VA     23430 SFR         4/1/28      
 10066074 10066074WN    EADDY            RT 2 BOX 348                     LYNCHBURG            SC     29080 SFR         4/1/28      
 10066082 10066082WN    GHEEN            500 PARK BOULEVARD S             VENICE               FL     34285 CONDO       4/1/28      
 10066108 10066108WN    WALL             14206 SOUTHEAST BUNN             MILWAUKIE            OR     97267 SFR         4/1/28      
 10066124 10066124WN    LOMBRANO         5240 NORTH 69TH STRE             MILWAUKEE            WI     53218 SFR         4/1/28      
 10066264 10066264WN    ARANGO           2280 POINSETTA COURT             PEMBROKE PINES       FL     33026 SFR         4/1/28      
 10066272 10066272WN    STRADER          26851 WEST RIVER ROA             PERRYSBURG           OH     43551 SFR         4/1/28      
 10066306 10066306WN    SLIGER           909 DUTCH STREET                 DEER PARK            TX     77536 SFR         4/1/28      
 10066322 10066322WN    FISHER           734 SOUTH 300 EAST               LAYTON               UT     84041 SFR         4/1/28      
 10066330 10066330WN    NORMAN           74 SEASIDE AVENUE                GUILFORD             CT      6437 SFR         4/1/28      
 10066348 10066348WN    JOHNSON          1838 VINE STREET                 DENVER               CO     80206 SFR         4/1/28      
 10066397 10066397WN    KEBEDE           1042-44 SOUTH COX                MEMPHIS              TN     38104 2-4 UNITS   4/1/28      
 10066439 10066439WN    FINNEY           6800 FOXCROFT ROAD               PROSPECT             KY     40059 SFR         4/1/28      
 10066447 10066447WN    JEAN-JUSTIZ      19255 NORTHEAST 2ND              MIAMI                FL     33179 CONDO       4/1/28      
 10066496 10066496WN    IVERSON          1003 WEST 4TH STREET             MARION               IN     46952 SFR         4/1/28      
 10066686 10066686WN    TORRES           15 WARREN TERRACE                WEST HARTFORD        CT      6119 SFR         4/1/28      
 10066736 10066736WN    KIRK             330 NORTH BOOTS STRE             MARION               IN     46952 SFR         4/1/28      
 10066744 10066744WN    MAIORANO         22 FAIRWAY DRIVE                 COVENTRY             RI      2816 CONDO       4/1/28      
 10066769 10066769WN    MCVAY            22918 NORTHOAK FORES             SPRING               TX     77389 PUD         4/1/28      
 10066876 10066876WN    SEGURA           10425 SOUTH LACROSSE             HOUSTON              TX     77029 SFR         4/1/28      
 10066900 10066900WN    PORTO            3424-24A NORTH HOLTO             MILWAUKEE            WI     53212 2-4 UNITS   4/1/28      

<CAPTION>

Servicer                               4/1/98      
  Loan     AMRESCO      Last          Scheduled    Current    Current         Occupancy  Original                            Due
 Number  Loan Number    Name           Balance      Rate   P&I Payment LTV      Status     Term Servicer    Originator       Date
 ------  -----------    ----          ---------     ----   ----------- ---      ------     ---- --------    ----------       ----
 <S>      <C>           <C>         <C>             <C>     <C>        <C>      <C>         <C> <C>          <C>             <C>
 10065068 10065068WN    HIMES        53,567.00      13.63     619.05   70.48        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065076 10065076WN    GULLEY       58,500.00       8.85     464.4    90           OWNER   360 WENDOVER     ARMC WHOLESALE  5/1/98
 10065084 10065084WN    SMALL       121,365.00      12.33   1,279.29   60.68        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065092 10065092WN    POWE         42,400.00      11.48     419.24   80           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065100 10065100WN    MEDEIROS     74,750.00       9.85     647.71   65           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065118 10065118WN    ALBRIGHT     44,800.00      11.5      443.65   80           OWNER   360 WENDOVER     AMRESCO         4/1/98
 10065126 10065126WN    THEOBALD     20,800.00      10.6      191.82   80           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065134 10065134WN    FORGEY      309,443.00      11.25   3,005.50   60.68        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065142 10065142WN    RIGGS       118,125.00       8.78     931.82   54.94        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065159 10065159WN    MILLER       56,500.00      13.2      633.85   73.38        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065167 10065167WN    ERVIN        27,600.00       9.65     235.1    60           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065183 10065183WN    THOMAS       55,800.00      10.6      514.6    90           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065209 10065209WN    ROYSE        85,800.00      10.35     775.24   89.84        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065241 10065241WN    FORDE        48,000.00      10.36     434.06   80           OWNER   360 WENDOVER     AMRESCO         4/1/98
 10065266 10065266WN    DUEVER      106,500.00       9.85     922.83   60           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065308 10065308WN    PETERSON    113,526.00       9.7      971.2    76.71        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065316 10065316WN    LAUB         78,200.00       9.25     643.33   85           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065324 10065324WN    BROWN        33,800.00      13.26     380.78   65       NON OWNER   360 WENDOVER     AMRESCO         4/1/98
 10065340 10065340WN    PARKER       36,900.00      11.48     364.85   82           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065415 10065415WN    TERKEL       69,244.00      13.88     813.88   71.39        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065431 10065431WN    BECKER       97,033.00      12.08   1,004.08   71.61        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065472 10065472WN    YOUNG        64,387.00       9.75     553.18   85.85        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065480 10065480WN    ROBERSON    172,800.00       8.85   1,371.78   90           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065514 10065514WN    SCOTT        54,400.00      10.6      501.69   80           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065522 10065522WN    MORIN        59,000.00      10.1      522.13   69.41        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065530 10065530WN    MUDD         38,500.00      13.5      440.98   70           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065563 10065563WN    MAY         127,125.00      10.73   1,184.30   79.45        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065605 10065605WN    CIARAMELLA   58,200.00      12.48     620.24   60           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065639 10065639WN    JACKSON      57,000.00      11.13     548.43   76           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065662 10065662WN    GAMMIERE     45,500.00      14.38     552.83   70           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065704 10065704WN    ALLEN        76,410.00      10.35     690.4    90           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065720 10065720WN    CLINE        66,300.00      12.1      687.08   60           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065860 10065860WN    JOHNSON      34,400.00      11.48     340.14   81.9         OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065886 10065886WN    BEVAN        87,870.00       9.73     753.65   75.75    NON OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065894 10065894WN    HASTY        29,250.00       9.83     253.02   75           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065910 10065910WN    HILL        234,000.00      10.35   2,114.29   90           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065951 10065951WN    SIMMONS      31,200.00      11.6      311.35   80           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065977 10065977WN    MARTINEZ     63,750.00      10.55     585.53   75           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065985 10065985WN    HEADLEY     150,000.00      10.65   1,388.96   75           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10065993 10065993WN    SALAZAR      27,200.00       9.61     230.9    80           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066009 10066009WN    SALAZAR      23,100.00       9.86     200.33   70       NON OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066033 10066033WN    PRETLOW      86,800.00      10.28     779.75   70           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066074 10066074WN    EADDY        25,900.00      14.38     314.69   70           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066082 10066082WN    GHEEN       123,878.00       9.1    1,005.68   69.56  SECOND HOME   360 WENDOVER     AMRESCO         5/1/98
 10066108 10066108WN    WALL         94,940.00       8.4      723.29   81.01        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066124 10066124WN    LOMBRANO     61,380.00      11.48     606.9    81.84        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066264 10066264WN    ARANGO       79,200.00       9.75     680.45   90           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066272 10066272WN    STRADER     210,000.00       7.5    1,468.35   61.4         OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066306 10066306WN    SLIGER       44,440.00      11.6      443.48   80.8         OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066322 10066322WN    FISHER       99,000.00       9.75     850.56   90           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066330 10066330WN    NORMAN       55,000.00       9.89     478.2    42.31        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066348 10066348WN    JOHNSON      81,212.00      11.6      810.44   60.61        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066397 10066397WN    KEBEDE       59,400.00      10.35     536.7    90           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066439 10066439WN    FINNEY      164,500.00      10.95   1,560.36   75.11        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066447 10066447WN    JEAN-JUSTIZ  40,000.00      10.2      356.95   80           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066496 10066496WN    IVERSON     112,600.00       9.65     959.15   77.66        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066686 10066686WN    TORRES       60,000.00      10.9      566.86   75           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066736 10066736WN    KIRK         34,509.00       9.65     293.95   76.69        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066744 10066744WN    MAIORANO     43,000.00       9.48     360.94   49.31        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066769 10066769WN    MCVAY        70,000.00       9.28     577.4    50           OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066876 10066876WN    SEGURA       29,400.00      12.25     308.08   63.91        OWNER   360 WENDOVER     AMRESCO         5/1/98
 10066900 10066900WN    PORTO        26,650.00      10.73     248.37   65           OWNER   360 WENDOVER     AMRESCO         5/1/98

</TABLE>

                                 Page 11 of 22
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>

 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----    
 <S>      <C>           <C>              <C>                              <C>                  <C>    <C>   <C>         <C>       
 10066934 10066934WN    MARKLAND         129 EAST SOUTH B STR             GAS CITY             IN     46933 SFR         4/1/28      
 10066975 10066975WN    BYRNE            874 SOUTHEAST JENSEN             OAK HARBOR           WA     98277 SFR         4/1/28      
 10067015 10067015WN    DUGAL            5 MEADOW POND ROAD               GILMANTON            NH      3237 SFR         4/1/28      
 10067056 10067056WN    BENSON           297 CARMEL WOODS                 ELLISVILLE           MO     63021 CONDO       4/1/28      
 10067106 10067106WN    KIDD             547 DEXTER STREET                TOLEDO               OH     43608 SFR         4/1/28      
 10067155 10067155WN    AUSTIN           4549 TAMPA STREET                PHILADELPHIA         PA     19120 SFR         4/1/28      
 10067247 10067247WN    MONTGOMERY       1001 11TH AVENUE NOR             NASHVILLE            TN     37208 2-4 UNITS   4/1/28      
 10067361 10067361WN    KURUKAKE         94-1361 HIAPO STRE               WAIPAHU              HI     96797 2-4 UNITS   3/1/28      
 10067395 10067395WN    STERLING         207 NORTH SIXTH ST               YOUNGWOOD            PA     15697 SFR         3/1/28      
 10067411 10067411WN    DAY              324 NORTH OAKHILL AV             JANESVILLE           WI     53545 SFR         4/1/28      
 10067825 10067825WN    FUHR             3006 WOODSIDE AVENUE             BALTIMORE            MD     21234 SFR         4/1/28      
 10074987 10074987WN    SPIGHT           3167 MADRID                      MEMPHIS              TN     38122 SFR         4/1/28      
 10075141 10075141WN    GREEN            64 MARKET STREET                 NEW HAVEN            CT      6513 2-4 UNITS   4/1/28      
 10075232 10075232WN    PLANT            133 WEST 66TH STREET             CINCINNATI           OH     45216 2-4 UNITS   4/1/28      
 10075257 10075257WN    STOUT            437 NORTH 14TH STREE             NEW CASTLE           IN     47362 SFR         4/1/28      
 10075323 10075323WN    SAMUELS          3105 SECOND AVENUE               RICHMOND             VA     23222 2-4 UNITS   4/1/28      
 10075448 10075448WN    GIBSON           403 WEST GEORGETOWN              CRYSTAL SPRINGS      MS     39059 SFR         4/1/28      
 10075547 10075547WN    MCCALL           120 EIGHT STREET                 TURTLE CREEK         PA     15145 SFR         4/1/28      
 10075638 10075638WN    STRICKLAND       8014 EDGEMOOR DRIVE              HOUSTON              TX     77036 PUD         4/1/28      
 10075687 10075687WN    BURNS            1740-42 DESIRE STREE             NEW ORLEANS          LA     70117 2-4 UNITS   4/1/28      
 10125458 10125458AD    YOKOTE           124 E. KUHUOI ST.                KAHULUI              HI     96732 SFR         9/1/27      
 10182335 10182335AD    SMITH            7025  182ND PLACE SW             EDMONDS              WA     98026 SFR         8/1/27      
 10199008 10199008AD    FIORE            12759 E. EXPOSITION DR.          AURORA               CO     80012 SFR         7/1/27      
 10230514 10230514AD    HARMS            3725 GRAMERCY AVENUE             NORTH LAS V          NV     89031 SFR         9/1/27      
 10231645 10231645AD    HAYES            247 WEST PINE STREET             LISBON               OH     44432 SFR         9/1/27      
 10267656 10267656AD    DRIVER           210 GREENWOOD STREET             ALVORD               TX     76225 SFR         3/1/27      
 10618171 10618171AD    ALBERT           74-76 WATSESSING AVENUE          BELLEVILLE           NJ      7109 SFR        11/1/27      
 10618254 10618254AD    BLAKE            8 ORADELL ROAD                   WEST MILFOR          NJ      7421 SFR        11/1/27      
 10618460 10618460AD    HALEY            17 EUGENIA STREET                RANDOLPH             MA      2368 SFR        10/24/27     
 10618494 10618494AD    PELLEGRINO       173 MAIN STREET                  QUINCY               MA      2169 TOWNHOUSE  11/1/27      
 10618528 10618528AD    RANDLETT         11 MARION STREET                 GOFFSTOWN            NH      3045 SFR        11/14/27     
 10618908 10618908AD    KUBLY            7518 CHOATE COURT                INDIANAPOLI          IN     46254 CONDO      10/30/27     
    17806 17806WN       BALL             67 FAIRFAX STREET                NEWNAN                            SFR         6/1/26      
  2392298 2392298AD     EMERY            805 RAINBOW DR                   GENDORA              CA     91741 SFR         9/1/26      
  2470359 2470359AD     HUNT             42535 ESCOLACATA DRIV            TEMECULA             CA     92592 SFR         8/1/26      
  2862613 2862613AD     OWENSBY          510 CROSS CREEK POINT            STONE MOUNT          GA     30087 SFR        10/1/26      
  3445392 3445392AD     BAGDASARIAN      2704 PASEO DEL MAR               PALOS VERDE          CA     90274 SFR         7/1/27      
  3483880 3483880LB     WATTS            2709 OWEN                        SAGINAW              MI     48601 SFR        11/1/12      
  3562238 3562238LB     HARRIS           25110 CHIPPENDALE                ROSEVILLE            MI     48066 SFR        11/1/27      
  3614476 3614476LB     BOYD             878 BEATRICE PARKWAY             EDISON               NJ      8820 SFR        11/1/27      
  3649589 3649589LB     PIERCE           196  CRESCENT STREET             SARATOGA SPRINGS     NY     12866 SFR        11/1/27      
  3650736 3650736AD     EGET             49 RITZ COVE DRIVE               DANA POINT           CA     92629 SFR         7/1/27      
  3690906 3690906AD     ROSE             378 NEPTUNE AVENUE               ENCINITAS            CA     92024 SFR         7/1/27      
  3713500 3713500LB     MUSOLINO         400  CREED ST.                   STRUTHERS            OH     44471 SFR        11/1/27      
  3717055 3717055LB     POWELL           RURAL ROUTE 1 BOX 332            LAPORTE              MN     56461 MANUF'D HM 11/1/27      
  3732484 3732484LB     MABON            1444 POSO                        WASCO                CA     93257 2-4 UNITS  11/1/27      
  3738721 3738721LB     FRIEBEL          17175 CREEKSIDE CIRCLE           MORGAN HILL          CA     95037 PUD        11/1/27      
  3751716 3751716LB     PAEZ             1134 LA DENEY CT.                ONTARIO              CA     91764 2-4 UNITS  11/1/27      
  3755725 3755725LB     ADAMES           1318 CASA LINDA                  CORPUS CHRISTI       TX     78411 SFR        12/1/27      
  3757739 3757739LB     STIGER           423  NELSON ROAD.                SCOTTS VALLEY        CA     95066 SFR        11/1/27      
  3760188 3760188LB     HEMPHILL         2609 ALLEGHANY STREET            CHARLOTTE            NC     28208 SFR        11/1/12      
  3762275 3762275LB     CHAMBERS         517  MAIN STREET                 EVANSTON             WY     82930 SFR        11/1/12      
  3762341 3762341LB     DUFF             13  DONGAN STREET                STATEN ISLAND        NY     10310 SFR        11/1/27      
  3763992 3763992LB     DAVIS            1038  DOGWOOD                    SULLIVAN             MO     63080 SFR        11/1/27      
  3765781 3765781LB     TOOSON           1710 VICTORIA AVE.               LOS ANGELES          CA     90019 SFR        11/1/27      
  3767191 3767191LB     ABBOTT           6258 BURLINGTON ROAD             GIBSONVILLE          NC     27249 SFR        11/1/27      
  3768215 3768215AD     BERGMANIS        129 WAIHILI PLACE                HONOLULU             HI     96825 SFR         8/1/27      
  3771003 3771003LB     KOCH             524  6TH ST                      WOODWARD             OK     73801 SFR        11/1/27      
  3772845 3772845LB     SHUPERT          419  EAST FRONT                  MANCHESTER           OH     45144 SFR        11/1/12      
  3772936 3772936LB     BANKS            5015 W HURON                     CHICAGO              IL     60644 2-4 UNITS  11/1/17      
  3773942 3773942AD     STEMBERGA        548 FIFTEENTH AVENUE             MENLO PARK           CA     94025 SFR         7/1/27      
  3775269 3775269LB     KUEHL            2707 W 68TH STREET               DAVENPORT            IA     52806 SFR        11/1/27      

<CAPTION>

Servicer                             4/1/98      
  Loan     AMRESCO      Last        Scheduled    Current    Current         Occupancy Original                               Due
 Number  Loan Number    Name         Balance      Rate   P&I Payment LTV      Status   Term Servicer     Originator          Date
 ------  -----------    ----        ---------     ----   ----------- ---      ------   ---- --------     ----------          ----
 <S>      <C>           <C>        <C>            <C>     <C>        <C>    <C>         <C> <C>          <C>                 <C>
 10066934 10066934WN    MARKLAND      42,473.00   12.2      443.43   70.79      OWNER   360 WENDOVER     AMRESCO             5/1/98
 10066975 10066975WN    BYRNE         43,376.00   10.1      383.86   81.84      OWNER   360 WENDOVER     AMRESCO             5/1/98
 10067015 10067015WN    DUGAL         35,000.00    9.63     297.62   50.72  NON OWNER   360 WENDOVER     AMRESCO             5/1/98
 10067056 10067056WN    BENSON        81,800.00    9.95     714.83   81.8       OWNER   360 WENDOVER     AMRESCO             5/1/98
 10067106 10067106WN    KIDD          39,900.00   13.5      457.02   70         OWNER   360 WENDOVER     AMRESCO             5/1/98
 10067155 10067155WN    AUSTIN        29,879.00   13.58     344.12   71.14      OWNER   360 WENDOVER     AMRESCO             5/1/98
 10067247 10067247WN    MONTGOMERY    31,500.00   11.58     313.87   75     NON OWNER   360 WENDOVER     AMRESCO             5/1/98
 10067361 10067361WN    KURUKAKE     220,000.00    8.49   1,690.05   68.8       OWNER   360 WENDOVER     ARMC WHOLESALE      4/1/98
 10067395 10067395WN    STERLING      55,055.00   11.33     538.08   81         OWNER   360 WENDOVER     ARMC WHOLESALE      4/1/98
 10067411 10067411WN    DAY           52,500.00   14.88     658.8    70         OWNER   360 WENDOVER     AMRESCO             5/1/98
 10067825 10067825WN    FUHR          86,250.00   11.53     856.1    75         OWNER   360 WENDOVER     AMRESCO             5/1/98
 10074987 10074987WN    SPIGHT        33,300.00   10.35     300.88   90         OWNER   360 WENDOVER     AMRESCO             5/1/98
 10075141 10075141WN    GREEN         53,250.00   10.65     493.08   75         OWNER   360 WENDOVER     AMRESCO             5/1/98
 10075232 10075232WN    PLANT         49,000.00   10.55     450.05   70         OWNER   360 WENDOVER     AMRESCO             5/1/98
 10075257 10075257WN    STOUT         47,920.00    9.45     401.19   80         OWNER   360 WENDOVER     AMRESCO             5/1/98
 10075323 10075323WN    SAMUELS       47,600.00   10.53     436.48   85         OWNER   360 WENDOVER     AMRESCO             5/1/98
 10075448 10075448WN    GIBSON       170,000.00    9.85   1,473.06   85         OWNER   360 WENDOVER     AMRESCO             5/1/98
 10075547 10075547WN    MCCALL        32,905.00   10.83     309.14   76.52      OWNER   360 WENDOVER     AMRESCO             5/1/98
 10075638 10075638WN    STRICKLAND    57,570.00   10.85     541.74   60.6       OWNER   360 WENDOVER     AMRESCO             5/1/98
 10075687 10075687WN    BURNS         20,150.00   12.38     213.18   65     NON OWNER   360 WENDOVER     AMRESCO             5/1/98
 10125458 10125458AD    YOKOTE       161,013.84    9.5    1,357.98   75.12      OWNER   360 ADVANTA      SAN DIEGO HOME      3/1/98
                                                                                                         LOANS
 10182335 10182335AD    SMITH        106,572.54    9.375    889.64   80         OWNER   360 ADVANTA      PAN AMERICAN        2/1/98
 10199008 10199008AD    FIORE        119,707.62   11.875  1,222.80   75         OWNER   360 ADVANTA      PAN AMERICAN        3/1/98
 10230514 10230514AD    HARMS        114,826.84    9.99   1,010.04   90.06      OWNER   360 ADVANTA      WEYERHAEUSER MTG    3/1/98
 10231645 10231645AD    HAYES         34,374.39   10.99     327.82   65         OWNER   360 ADVANTA      WEYERHAEUSER MTG    2/1/98
 10267656 10267656AD    DRIVER        52,535.13   10.49     482.59   80         OWNER   360 ADVANTA      WEYERHAEUSER MTG    2/1/98
 10618171 10618171AD    ALBERT        86,231.80    9.75     744.89   85         OWNER   360 ADVANTA      PARKWAY MORTGAGE    4/1/98
 10618254 10618254AD    BLAKE        117,195.48   10.25   1,052.43   83         OWNER   360 ADVANTA      PARKWAY MORTGAGE    3/1/98
 10618460 10618460AD    HALEY        112,405.58   11.25   1,092.67   90         OWNER   360 ADVANTA      PARKWAY MORTGAGE   3/24/98
 10618494 10618494AD    PELLEGRINO    69,799.79    9.8      603.12   78.98      OWNER   360 ADVANTA      PARKWAY MORTGAGE    3/1/98
 10618528 10618528AD    RANDLETT      67,852.32   10.7      632.22   80         OWNER   360 ADVANTA      PARKWAY MORTGAGE   2/14/98
 10618908 10618908AD    KUBLY         87,843.79    8.65     686.03   80         OWNER   360 ADVANTA      PARKWAY MORTGAGE   2/28/98
    17806 17806WN       BALL         140,667.54   11.625  1,416.65   89.264     OWNER   360 WENDOVER     NATIONAL MORTGAGE   2/1/98
  2392298 2392298AD     EMERY        289,205.06    9.99   2,560.35   80         OWNER   360 ADVANTA      BNC                 3/1/98
  2470359 2470359AD     HUNT          90,976.54   11.375    898.38   75         OWNER   360 ADVANTA      QUALITY             3/1/98
  2862613 2862613AD     OWENSBY      164,282.93   13.5    1,888.90   60         OWNER   360 ADVANTA      AMRESCO             2/1/98
  3445392 3445392AD     BAGDASARIAN  836,601.50    9.5    7,063.18   70         OWNER   360 ADVANTA      AMRESCO             3/1/98
  3483880 3483880LB     WATTS         20,108.25   10.375    222.83   70     NON OWNER   180 AMERIQUEST   AMERIQUEST          3/1/98
  3562238 3562238LB     HARRIS        71,564.54   10.5      655.69   64         OWNER   360 AMERIQUEST   AMERIQUEST          3/1/98
  3614476 3614476LB     BOYD         153,410.27    9      1,237.11   75         OWNER   360 AMERIQUEST   AMERIQUEST          3/1/98
  3649589 3649589LB     PIERCE        53,904.89   10.125    478.88   75     NON OWNER   360 AMERIQUEST   AMERIQUEST          3/1/98
  3650736 3650736AD     EGET       1,143,207.59    8.4    8,753.77   71.88      OWNER   360 ADVANTA      AMRESCO             2/1/98
  3690906 3690906AD     ROSE         553,724.78   10      4,877.11   65         OWNER   360 ADVANTA      FIRST AMERICAN      3/1/98
                                                                                                         MTG GROUP
  3713500 3713500LB     MUSOLINO      50,288.40    8.99     405.17   80         OWNER   360 AMERIQUEST   AMERIQUEST          3/1/98
  3717055 3717055LB     POWELL        28,752.36   11.999    296.22   58         OWNER   360 AMERIQUEST   AMERIQUEST          3/1/98
  3732484 3732484LB     MABON        149,701.36    9.5    1,261.28   75     NON OWNER   360 AMERIQUEST   AMERIQUEST          3/1/98
  3738721 3738721LB     FRIEBEL      161,239.46    8.99   1,299.11   80         OWNER   360 AMERIQUEST   AMERIQUEST          3/1/98
  3751716 3751716LB     PAEZ          95,860.87   10.99     913.51   80         OWNER   360 AMERIQUEST   AMERIQUEST          2/1/98
  3755725 3755725LB     ADAMES        55,258.24   10        491.44   80         OWNER   360 AMERIQUEST   AMERIQUEST          3/1/98
  3757739 3757739LB     STIGER       239,412.23    8.5    1,845.39   80         OWNER   360 AMERIQUEST   AMERIQUEST          4/1/98
  3760188 3760188LB     HEMPHILL      47,561.92   10.75     538.06   80         OWNER   180 AMERIQUEST   AMERIQUEST          2/1/98
  3762275 3762275LB     CHAMBERS      53,867.27   10.5      601.06   75         OWNER   180 AMERIQUEST   AMERIQUEST          3/1/98
  3762341 3762341LB     DUFF          63,767.41    8        469.61   72         OWNER   360 AMERIQUEST   AMERIQUEST          3/1/98
  3763992 3763992LB     DAVIS         64,623.97    7.99     475.03   80         OWNER   360 AMERIQUEST   AMERIQUEST          3/1/98
  3765781 3765781LB     TOOSON       152,605.70    8.25   1,149.44   61         OWNER   360 AMERIQUEST   AMERIQUEST          3/1/98
  3767191 3767191LB     ABBOTT        72,644.79   11        692.82   75         OWNER   360 AMERIQUEST   AMERIQUEST          2/1/98
  3768215 3768215AD     BERGMANIS    523,148.91    9.5    4,414.48   71.92      OWNER   360 ADVANTA      AMRESCO             3/1/98
  3771003 3771003LB     KOCH          35,950.67   11.25     349.66   80         OWNER   360 AMERIQUEST   AMERIQUEST          3/1/98
  3772845 3772845LB     SHUPERT       20,829.16   11.99     251.9    60     NON OWNER   180 AMERIQUEST   AMERIQUEST          3/1/98
  3772936 3772936LB     BANKS         80,401.15   10.599    812.07   80         OWNER   240 AMERIQUEST   AMERIQUEST          3/1/98
  3773942 3773942AD     STEMBERGA    560,103.17    9.25   4,627.55   74.5       OWNER   360 ADVANTA      FIRST AMERICAN      3/1/98
                                                                                                         MTG GROUP
  3775269 3775269LB     KUEHL         36,740.74   10.5      336.62   80         OWNER   360 AMERIQUEST   AMERIQUEST          3/1/98

</TABLE>


                                 Page 12 of 22
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>

 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----    
  <S>     <C>           <C>              <C>                              <C>                  <C>    <C>   <C>        <C>       
  3775418 3775418LB     HART             1800 LEBANON RD                  MANHEIM              PA     17545 SFR        11/1/17      
  3778073 3778073LB     TITUS            4686  KIRK RD                    AUSTINTOWN           OH     44515 SFR        11/1/27      
  3780558 3780558LB     MUNIZ            4408 MUIRWOOD DRIVE              PLEASANTON           CA     94588 SFR        11/1/27      
  3780582 3780582LB     CHAMBERLAIN      1118 VILLA COURT                 LAREDO               TX     78045 SFR        11/1/27      
  3782265 3782265LB     KAIHARA          5123  MILWAUKEE STREET           DENVER               CO     80216 SFR        11/1/27      
  3783842 3783842LB     GOULD            239 E MAIN STREET                CLINTON              CT      6413 SFR        11/1/27      
  3785805 3785805LB     BANICO           1103 RENTON STREET               CARSON               CA     90745 SFR        11/1/27      
  3789104 3789104LB     BRINGENBERG      517 N BISHOP THORPE              BETHLEHEM            PA     18015 SFR        11/1/12      
  3790540 3790540LB     BOLDING          43939  MARNE COURT               CANTON TOWNSHIP      MI     48187 SFR        11/1/27      
  3793452 3793452LB     EASLEY           15713 131ST AVE. CT. KPN         GIG HARBOR           WA     98329 SFR        11/1/27      
  3794856 3794856LB     DRISCOLL         463  HEBERTON AVENUE             STATEN ISLAND        NY     10302 SFR        11/1/27      
  3796679 3796679LB     CSOTTY           1839  HENNINGTON COURT           LONGMONT             CO     80501 SFR        11/1/27      
  3796950 3796950LB     NEWELL           30  POWERS MILL ROAD             PHILIPSTON           MA      1331 MANUF'D HM 11/1/27      
  3797446 3797446LB     BRUNDICK         4643  VERONA AVE                 JACKSONVILLE         FL     32210 SFR        11/1/17      
  3804044 3804044LB     ASHER            RR 1  BOX 145A                   PARAGON              IN     46166 SFR        11/1/27      
  3804069 3804069LB     BARBER           5351 W 1ST ST                    TULSA                OK     74107 SFR        11/1/12      
  3804234 3804234LB     WELLS            3825  CORTLAND STREET            LYNWOOD              CA     90262 SFR        11/1/27      
  3805538 3805538LB     LECKI            13595  SCHLEWEIS ROAD            MANCHESTER TOWNSHIP  MI     48158 MANUF'D HM 11/1/27      
  3806080 3806080LB     KREBS            601 N 18TH ST                    DURANT               OK     74701 SFR        11/1/12      
  3807005 3807005LB     WEIR             1913  THAYER AVENUE              LOS ANGELES          CA     90025 SFR        10/1/27      
  3808961 3808961LB     MICHAELS         836 HAL STREET                   SAN DIEGO            CA     92102 SFR        11/1/27      
  3809480 3809480LB     TRUE             335 FRANKLIN STREET              RUMFORD              ME      4276 2-4 UNITS  11/1/27      
  3814696 3814696LB     CAPPALO          10  JAY DRIVE                    NEW CASTLE           DE     19720 SFR        11/1/17      
  3815222 3815222LB     PAYNE            204 W ROOSEVELT AVENUE           BATTLECREEK          MI     49017 SFR        11/1/27      
  3817079 3817079LB     PHILLIPS         2415   SOUTH  6TH AVENUE         LOS ANGELES          CA     90018 SFR        10/1/27      
  3817210 3817210LB     MORRELL          48  DREXEL RD                    BUFFALO              NY     14214 SFR        11/1/27      
  3817681 3817681LB     LECKBEE          347 MAHONEY AVENUE               OAKVIEW              CA     93022 SFR        11/1/27      
  3818846 3818846LB     CARTER           3872  WYALUSING AVE              PHILADELPHIA         PA     19104 SFR        11/1/12      
  3819216 3819216LB     THEISEN          115  MARGARITA DRIVE             KILLEEN              TX     76542 SFR        11/1/27      
  3821006 3821006LB     COTE             5 VIA CANDELARIA                 (COTO DE CAZA AREA)  CA     92679 PUD        11/1/27      
  3822640 3822640LB     SESKO            22427 COLUMBUS                   WARREN               MI     48089 SFR        11/1/27      
  3823218 3823218LB     ALLINGHAM        5729  OLIVER AVENUE SOUTH        MINNEAPOLIS          MN     55419 SFR        11/1/17      
  3823424 3823424LB     ALLINGHAM        FIRE #101  WEST SHORE DRIVE      CROSSLAKE            MN     56402 SFR        11/1/17      
  3823523 3823523LB     HELSEL           27  CASSANDRA AVENUE             NILES                OH     44446 SFR        11/1/27      
  3823986 3823986LB     BRYANT           4797 NELMAR PLACE                JACKSONVILLE         FL     32206 SFR        11/1/17      
  3828191 3828191LB     HOOPENGARNER     2814 VANNESS                     PORT HURON           MI     48060 SFR        11/1/12      
  3828662 3828662LB     NORRIS-SMALLS    7957  RUGBY STREET               PHILADELLPHIA        PA     19150 SFR        11/1/27      
  3828811 3828811LB     TRAVIS           2  PHILIPS DRIVE                 HYDE PARK            NY     12538 SFR        11/1/27      
  3830205 3830205LB     WULF             25174 CIRCLE AVENUE              ANTIOCH              IL     60002 SFR        11/1/27      
  3832821 3832821LB     BETETA           1045  PENNSYLVANIA ST #101       DENVER               CO     80203 CONDO      11/1/27      
  3834538 3834538LB     FOSTER           3341 W STATE HIGHWAY 140         MERCED               CA     95340 SFR        11/1/27      
  3836202 3836202LB     LINSON           18984 PREVOST                    DETROIT              MI     48235 SFR        11/1/27      
  3837051 3837051LB     MCGLAUGHLIN      1612  GRANDVIEW AVENUE           MCKEESPORT           PA     15132 SFR        11/1/27      
  3839685 3839685LB     DELANEY          20  CHATHAM ST                   NASSAU               NY     12123 2-4 UNITS  11/1/17      
  3841202 3841202LB     TURNER           406  CAMPBELL AVENUE             MARION               IN     46952 SFR        11/1/27      
  3842119 3842119LB     FORCIER          47 GRUMMAN AVENUE                NORWALK              CT      6851 SFR        11/1/27      
  3843638 3843638LB     COPE             9118 TIMBERLYN WAY               FORT SMITH           AR     72903 SFR        11/1/27      
  3844271 3844271LB     SMITH            425  ROME AVENUE                 ROCKFORD             IL     61107 SFR        11/1/27      
  3845534 3845534LB     SELLS            2331  GUILFORD AVENUE            BALTIMORE            MD     21218 SFR        10/1/27      
  3851649 3851649LB     ARNETT           1921 IRELAND ROAD                WINSTON              OR     97496 MANUF'D HM 11/1/27      
  3852159 3852159LB     CARLSON          3831 251ST  LANE NORTHEAST       ISANTI               MN     55040 SFR        11/1/27      
  3853181 3853181LB     WILLIAMS         333  INDIAN DRIVE                GLEN ELLYN           IL     60137 SFR        11/1/27      
  3856622 3856622LB     IZZI             23  MORIAH DRIVE                 WESTERLY             RI      2891 SFR        11/1/27      
  3856671 3856671LB     BRADLEY          3217 DEWINE ROAD                 KNOXVILLE            TN     37921 SFR        11/1/27      
  3857364 3857364LB     ALLEN            310 SW 30 TERRACE                FORT LAUDERDALE      FL     33312 SFR        11/1/12      
  3857752 3857752LB     GINYARD          322 LAMONKIN STREET              CHESTER              PA     19013 SFR        11/1/12      
  3857919 3857919LB     HUNSBERGER       2205  FOURTH STREET              BETHLEHEM            PA     18020 SFR        11/1/27      
  3861788 3861788LB     CALLOWAY         13006 VINSON COURT               MARYLAND HEIGHTS     MO     63043 SFR        11/1/27      
  3862430 3862430LB     APGAR            6108  LONE POND LANE             ALLENTOWN            PA     18104 SFR        11/1/27      
  3863784 3863784LB     OCHOA            431 W NEVADA                     TUCSON               AZ     85706 SFR        11/1/17      
  3864659 3864659LB     HAY              704-706 HIGHLAND AVENUE          JOHNSTOWN            PA     15902 2-4 UNITS  11/1/27      
  3864972 3864972LB     LEON             9442  KONOCTI STREET             RANCHO CUCAMONGA     CA     91730 SFR        11/1/27      

<CAPTION>

Servicer                                 4/1/98      
  Loan     AMRESCO      Last            Scheduled    Current    Current          Occupancy   Original                        Due
 Number  Loan Number    Name             Balance      Rate   P&I Payment LTV       Status     Term Servicer     Originator   Date
 ------  -----------    ----            ---------     ----   ----------- ---       ------     ---- --------     ----------   ----
  <S>     <C>           <C>            <C>             <C>     <C>        <C>      <C>         <C> <C>          <C>          <C>
  3775418 3775418LB     HART            86,543.30      10.124    846.73   75           OWNER   240 AMERIQUEST   AMERIQUEST   3/1/98 
  3778073 3778073LB     TITUS           51,882.22       8.99     418.03   80           OWNER   360 AMERIQUEST   AMERIQUEST   2/1/98 
  3780558 3780558LB     MUNIZ          247,392.61       8.5    1,906.91   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3780582 3780582LB     CHAMBERLAIN     74,236.13       7.5      520.91   61           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3782265 3782265LB     KAIHARA         48,636.56       8.75     383.52   75       NON OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3783842 3783842LB     GOULD           95,739.75       8        704.41   80           OWNER   360 AMERIQUEST   AMERIQUEST   2/1/98 
  3785805 3785805LB     BANICO         135,698.87       8.99   1,093.31   85           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3789104 3789104LB     BRINGENBERG     58,716.83       8.75     594.67   85           OWNER   180 AMERIQUEST   AMERIQUEST   3/1/98 
  3790540 3790540LB     BOLDING        111,696.37       8        821.82   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3793452 3793452LB     EASLEY          77,847.63       9.59     660.99   60       NON OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3794856 3794856LB     DRISCOLL        86,910.81      12.563    932.77   60           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3796679 3796679LB     CSOTTY         114,172.22       9.5      961.94   80           OWNER   360 AMERIQUEST   AMERIQUEST   4/1/98 
  3796950 3796950LB     NEWELL          89,443.63      10.125    794.6    80           OWNER   360 AMERIQUEST   AMERIQUEST   4/1/98 
  3797446 3797446LB     BRUNDICK        83,559.06      10.124    817.53   74           OWNER   240 AMERIQUEST   AMERIQUEST   3/1/98 
  3804044 3804044LB     ASHER           94,301.76       9.25     777.43   70           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3804069 3804069LB     BARBER          30,512.41      10.5      340.46   70       NON OWNER   180 AMERIQUEST   AMERIQUEST   3/1/98 
  3804234 3804234LB     WELLS          105,250.04       6.99     701.85   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3805538 3805538LB     LECKI          124,195.07       8.5      957.3    75           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3806080 3806080LB     KREBS           22,884.30      10.5      255.35   70           OWNER   180 AMERIQUEST   AMERIQUEST   3/1/98 
  3807005 3807005LB     WEIR           362,200.55       7.75   2,604.16   69           OWNER   360 AMERIQUEST   AMERIQUEST   4/1/98 
  3808961 3808961LB     MICHAELS        89,451.76      10.375    811.25   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3809480 3809480LB     TRUE            50,169.06      10.5      459.66   75           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3814696 3814696LB     CAPPALO         71,111.75      10        694.82   80           OWNER   240 AMERIQUEST   AMERIQUEST   5/1/98 
  3815222 3815222LB     PAYNE           21,712.08      10.125    192.88   75           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3817079 3817079LB     PHILLIPS       163,496.14       8.5    1,261.02   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3817210 3817210LB     MORRELL         28,165.01      11.75     284.66   60           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3817681 3817681LB     LECKBEE        123,476.00       8.99     994.83   75           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3818846 3818846LB     CARTER          21,553.95      11.8      258.24   75           OWNER   180 AMERIQUEST   AMERIQUEST   3/1/98 
  3819216 3819216LB     THEISEN         40,492.66      13.99     485.48   54           OWNER   360 AMERIQUEST   AMERIQUEST   2/1/98 
  3821006 3821006LB     COTE           159,231.79       6.99   1,062.75   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3822640 3822640LB     SESKO           27,931.40       8.5      215.3    70           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3823218 3823218LB     ALLINGHAM      138,302.48       8.5    1,208.01   80           OWNER   240 AMERIQUEST   AMERIQUEST   4/1/98 
  3823424 3823424LB     ALLINGHAM      246,634.15       9.75   2,352.33   80       NON OWNER   240 AMERIQUEST   AMERIQUEST   4/1/98 
  3823523 3823523LB     HELSEL          67,035.42       8.5      516.71   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3823986 3823986LB     BRYANT          38,839.91      12        429.43   74           OWNER   240 AMERIQUEST   AMERIQUEST   3/1/98 
  3828191 3828191LB     HOOPENGARNER    24,272.46      10.56     271.74   65       NON OWNER   180 AMERIQUEST   AMERIQUEST   3/1/98 
  3828662 3828662LB     NORRIS-SMALLS   40,176.05      14.95     506.7    60           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3828811 3828811LB     TRAVIS         155,532.57       7.5    1,090.77   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3830205 3830205LB     WULF           101,295.12       9.75     872.9    82           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3832821 3832821LB     BETETA          30,676.05       8.59     238.41   75       NON OWNER   360 AMERIQUEST   AMERIQUEST   4/1/98 
  3834538 3834538LB     FOSTER          86,710.85      10.5      795.82   60           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3836202 3836202LB     LINSON          57,496.80      10        505.48   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3837051 3837051LB     MCGLAUGHLIN     34,767.56      12.99     384.69   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3839685 3839685LB     DELANEY         97,765.54       8.5      853.94   80           OWNER   240 AMERIQUEST   AMERIQUEST   3/1/98 
  3841202 3841202LB     TURNER          40,458.75      12.594    435.2    75           OWNER   360 AMERIQUEST   AMERIQUEST   2/1/98 
  3842119 3842119LB     FORCIER        123,127.21       6.25     761.03   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3843638 3843638LB     COPE            66,291.16      10.5      607.39   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3844271 3844271LB     SMITH           46,156.93      12.99     510.71   60           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3845534 3845534LB     SELLS           30,488.19      10.5      279.46   65           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3851649 3851649LB     ARNETT          54,512.06      10.5      499.45   65           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3852159 3852159LB     CARLSON         59,235.98      10.999    565.64   55           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3853181 3853181LB     WILLIAMS       101,336.54      10.5      928.46   70       NON OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3856622 3856622LB     IZZI           137,263.03       8.5    1,058.02   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3856671 3856671LB     BRADLEY         59,140.11      12.625    637.57   80           OWNER   360 AMERIQUEST   AMERIQUEST   2/1/98 
  3857364 3857364LB     ALLEN           87,139.29       9.99     945.11   80           OWNER   180 AMERIQUEST   AMERIQUEST   3/1/98 
  3857752 3857752LB     GINYARD         24,172.15      10.5      269.72   57           OWNER   180 AMERIQUEST   AMERIQUEST   3/1/98 
  3857919 3857919LB     HUNSBERGER     118,769.20       9.625  1,011.49   85           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3861788 3861788LB     CALLOWAY       159,712.71       9.99   1,402.93   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3862430 3862430LB     APGAR           67,877.69       9.983    595.9    55           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
  3863784 3863784LB     OCHOA           36,513.03       8.5      318.93   75           OWNER   240 AMERIQUEST   AMERIQUEST   3/1/98 
  3864659 3864659LB     HAY             33,549.19      10.99     319.73   81           OWNER   360 AMERIQUEST   AMERIQUEST   4/1/98 
  3864972 3864972LB     LEON           125,281.28      10.5    1,150.74   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
                                                                                                                         
</TABLE>

                                 Page 13 of 22
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>

 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----    
  <S>     <C>           <C>              <C>                              <C>                  <C>    <C>   <C>        <C>       
  3866134 3866134LB     DEREWJANKO       4130  FISHERMANS TERRACE         LYONS                IL     60534 SFR        11/1/12      
  3867660 3867660LB     PLAVEC           214  MUNICIPAL DRIVE             WEST BEND            WI     53095 SFR        11/1/27      
  3867678 3867678LB     PODMOLIK         211 N VERMONT RD                 FRANKFORT            IL     60423 SFR        11/1/12      
  3868387 3868387LB     ELVY             1211 CREEKSIDE DR                HAILEY               ID     83333 SFR        11/1/27      
  3869278 3869278LB     DREIER-GLIGOOR   905 E KAWEAH AVENUE              VISALIA              CA     93291 SFR        10/1/27      
  3871456 3871456LB     MATTHES          290  PLAINVIEW DR                BOLINGBROOK          IL     60440 SFR        11/1/17      
  3872744 3872744LB     COLEMAN          11797  NARCISSUS STREET NW       COON RAPIDS          MN     55433 SFR        11/1/27      
  3873379 3873379LB     ZIMMERMAN        607  4TH AVENUE                  ST. CLOUD            MN     56304 SFR        11/1/27      
  3873734 3873734LB     CARROLL          7726 S ALBANY AVENUE             CHICAGO              IL     60652 SFR        11/1/27      
  3873924 3873924LB     NOLTE            4515  WHITEHORSE TRAIL           ROCKFORD             IL     61101 SFR        11/1/27      
  3874807 3874807LB     KANTER           32418  PARKWOOD                  WESTLAND             MI     48186 SFR        10/1/27      
  3877156 3877156LB     YANDOC           1932  HAMPSHIRE RD.              TUSTIN               CA     92780 SFR        11/1/27      
  3877172 3877172LB     BIRDINE          1222  WEST 55TH STREET           LOS ANGELES          CA     90037 SFR        11/1/27      
  3878238 3878238LB     PIRELLI          1543 S 80TH                      WEST ALLIS           WI     53214 SFR        11/1/27      
  3878436 3878436LB     MINARD           3669  BERKSHIRE                  WARREN               MI     48091 SFR        11/1/27      
  3878535 3878535LB     COOPER           2171-2173 NW 100 STREET          MIAMI                FL     33142 2-4 UNITS  11/1/27      
  3878568 3878568LB     BOSETTI          696 SOUTH COATS                  OXFORD TOWNSHIP      MI     48371 SFR        11/1/27      
  3878881 3878881LB     DIVELBISS        205 E VASSAR ST                  ST JOSEPH            MO     64504 SFR        11/1/27      
  3879665 3879665LB     PALMER           5305 EAST NEBRASKA WAY           DENVER               CO     80222 SFR        11/1/27      
  3879673 3879673LB     WAGNER           22422 YORK COURT UNIT 2A         RICHTON PARK         IL     60471 CONDO      11/1/27      
  3879962 3879962LB     ANDREWS          26  CHAPEL STREET                NORWALK              CT      6850 2-4 UNITS  11/1/27      
  3881695 3881695LB     COLLINS          1028  INNER DRIVE                ROTTERDAM            NY     12303 SFR        11/1/27      
  3882982 3882982LB     APPLEGATE        1362 VAN PATTEN DRIVE            DANVILLE             CA     94526 PUD        11/1/27      
  3884343 3884343LB     MAUCH            1196  ROYALTY DR NE              SALEM                OR     97301 SFR        11/1/27      
  3884665 3884665LB     ANDAL            1512  MORTON TERRACE             LOS ANGLES           CA     90026 SFR        11/1/27      
  3884707 3884707LB     CAVANAUGH        1005 STONEHEDGE DRIVE            CORAOPOLIS           PA     15108 SFR        11/1/27      
  3884731 3884731LB     PATTYN           371  LINCOLN                     GROSSE POINTE        MI     48236 SFR        11/1/27      
  3884905 3884905LB     BACON            7708  59TH AVENUE NORTH          CRYSTAL              MN     55428 SFR        11/1/27      
  3886660 3886660LB     MANNS            4600 SW SHENANDOAH ROAD          TOPEKA               KS     66610 SFR        11/1/27      
  3887403 3887403LB     MITCHELL         64 HUBBARD                       MT. CLEMENS          MI     48043 SFR        11/1/27      
  3887684 3887684LB     KIDBY            6226 SE 86TH AVE                 PORTLAND             OR     97266 SFR        11/1/27      
  3888005 3888005LB     JAUREZ           200 ANTELOPE LANE                TORRINGTON           WY     82240 SFR        11/1/27      
  3888971 3888971LB     BYRDSONG         39636  BRUNING STREET            FREMONT              CA     94538 SFR        11/1/27      
  3889102 3889102LB     PANTALONE        1404 WILLOW BUD DR.              DIAMOND BAR          CA     91789 SFR        11/1/27      
  3891330 3891330LB     PIRIE            767  BRANDYWINE DR               LODI                 CA     95240 PUD        11/1/27      
  3891991 3891991LB     BLOCK            14  WOODBINE RD                  MEDFORD              MA      2155 SFR        11/1/27      
  3893088 3893088LB     JONES            1524  POMONA DR                  DURHAM               NC     27707 SFR        11/1/27      
  3893104 3893104LB     HALL             4268 PEMBROOK RD.                YOUNGSTOWN           OH     44515 SFR        11/1/12      
  3894326 3894326LB     AUSTIN           6763  BROWNTOWN ROAD             DALLAS               GA     30132 MANUF'D HM 11/1/27      
  3894847 3894847LB     CLOUGH           7010  GREENHAVEN DR              SACRAMENTO           CA     95831 SFR        11/1/27      
  3894979 3894979LB     RAUB             3507  CAPILAN0 DR                WEST LAFAYETTE       IN     47906 SFR        11/1/27      
  3895182 3895182LB     HANSON           1615 HOLMES AVENUE               SHERIDAN             WY     82801 SFR        11/1/27      
  3895711 3895711LB     KNOBLAUCH        1971 W BENDER ROAD               GLENDALE             WI     53209 SFR        11/1/27      
  3895927 3895927LB     KITTEL           1036  CHESTNUT HILL CIR          MARIETTA             GA     30064 SFR        11/1/27      
  3897444 3897444LB     GRIMES           15916  WESTWICK RD               SNOHOMISH            WA     98290 SFR        11/1/27      
  3897667 3897667LB     MARKS            39 PARKER STREET                 QUINCY               MA      2169 2-4 UNITS  11/1/17      
  3899622 3899622LB     HYTE             5422  WEST SAGUARO DRIVE         GLENDALE             AZ     85304 SFR        11/1/27      
  3899937 3899937LB     BALACUIT         2182 NORTH MILLS AVENUE          CLAREMONT            CA     91711 SFR        11/1/27      
  3900347 3900347LB     REYNOLDS         12859  CAMINITO DEL CANTO        DEL MAR              CA     92014 CONDO      11/1/27      
  3900834 3900834LB     JONES            18330  MANILA STREET             AREA OF BLOOMINGTON  CA     92316 SFR        11/1/27      
  3901105 3901105AD     SZYMANSKI        4350 EAST WAIOLA LOOP            WAILEA               HI     96753 SFR         9/1/27      
  3901238 3901238LB     HURTADO          1132 SE FIRST                    WINLOCK              WA     98596 SFR        11/1/27      
  3901311 3901311LB     ROBERTS          686 W SHEVLIN                    HAZEL PARK           MI     48030 SFR        11/1/27      
  3901584 3901584LB     PEW              138  CHATHAM STREET              LYNN                 MA      1902 SFR        11/1/12      
  3902467 3902467LB     WOLF             8719  PAGE AVENUE NE             OTSEGO               MN     55330 SFR        11/1/27      
  3902764 3902764LB     FEINGA           4416 WEST 3325 SOUTH             WEST VALLEY CITY     UT     84120 SFR        11/1/27      
  3903440 3903440LB     PRICE            1777 N LEHMBERG AVENUE           CASA GRANDE          AZ     85222 SFR        11/1/27      
  3903853 3903853LB     SMITH            723  CATO AVE                    AKRON                OH     44310 SFR        11/1/27      
  3903887 3903887LB     SIX-SMITH        105  A&B CHEYENNE ROAD           BURNS FLAT           OK     73624 2-4 UNITS  11/1/17      
  3904885 3904885LB     GARRARD          2900  YAHTAHAY LN                CENTRALIA            WA     98531 MANUF'D HM 11/1/27      
  3905619 3905619LB     NIKOLOV          5436 SWENSON STREET              LAS VEGAS            NV     89119 CONDO      11/1/27      
  3905981 3905981LB     FLOWERS          15761  SUSSEX                    DETROIT              MI     48227 SFR        11/1/27      

<CAPTION>

Servicer                                 4/1/98      
  Loan     AMRESCO      Last            Scheduled    Current    Current          Occupancy   Original                        Due
 Number  Loan Number    Name             Balance      Rate   P&I Payment LTV       Status     Term Servicer     Originator   Date
 ------  -----------    ----            ---------     ----   ----------- ---       ------     ---- --------     ----------   ----
<S>      <C>           <C>             <C>             <C>     <C>        <C>      <C>         <C> <C>          <C>           <C>
3866134  3866134LB     DEREWJANKO       28,729.20      10.5      320.57   24           OWNER   180 AMERIQUEST   AMERIQUEST   3/1/98 
3867660  3867660LB     PLAVEC           95,860.87      10.99     913.51   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3867678  3867678LB     PODMOLIK        138,400.80       8.25   1,358.20   61           OWNER   180 AMERIQUEST   AMERIQUEST   3/1/98 
3868387  3868387LB     ELVY            139,776.93      10.55   1,285.87   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3869278  3869278LB     DREIER-GLIGOOR   59,134.08      11.5      586.75   74           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3871456  3871456LB     MATTHES         104,668.25       6.99     817.31   83           OWNER   240 AMERIQUEST   AMERIQUEST   3/1/98 
3872744  3872744LB     COLEMAN         112,264.00       9.25     925.51   75           OWNER   360 AMERIQUEST   AMERIQUEST   2/1/98 
3873379  3873379LB     ZIMMERMAN        45,023.38      10.25     404.14   68           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3873734  3873734LB     CARROLL          70,872.52       9.99     622.55   71           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3873924  3873924LB     NOLTE            83,921.70      12.99     928.56   60           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3874807  3874807LB     KANTER           75,583.91      11        721.38   75           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3877156  3877156LB     YANDOC          151,518.92       7.99   1,114.26   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3877172  3877172LB     BIRDINE         103,087.35       7.49     722.98   74           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3878238  3878238LB     PIRELLI          87,523.28       8.99     707.43   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3878436  3878436LB     MINARD           63,802.16       7.5      447.5    80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3878535  3878535LB     COOPER           68,835.92      13        762.18   65           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3878568  3878568LB     BOSETTI         172,730.23       7.5    1,211.39   75           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3878881  3878881LB     DIVELBISS        22,464.14      10.55     206.66   75           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3879665  3879665LB     PALMER           85,405.89       8.875    681.07   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3879673  3879673LB     WAGNER           39,097.62       8.999    315.38   80       NON OWNER   360 AMERIQUEST   AMERIQUEST   4/1/98 
3879962  3879962LB     ANDREWS         127,166.86       9.9    1,108.62   70       NON OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3881695  3881695LB     COLLINS          68,622.70       8.25     516.87   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3882982  3882982LB     APPLEGATE       276,793.26      10.99   2,640.60   75           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3884343  3884343LB     MAUCH            81,825.35       9.563    693.28   82           OWNER   360 AMERIQUEST   AMERIQUEST   4/1/98 
3884665  3884665LB     ANDAL            74,241.94       9.25     612.07   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3884707  3884707LB     CAVANAUGH       174,052.03       9.49   1,465.18   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3884731  3884731LB     PATTYN          209,581.91       9.5    1,765.79   75           OWNER   360 AMERIQUEST   AMERIQUEST   4/1/98 
3884905  3884905LB     BACON            79,821.41       8.95     640.82   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3886660  3886660LB     MANNS           243,539.06       9.75   2,096.34   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3887403  3887403LB     MITCHELL         63,045.24       8.5      485.95   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3887684  3887684LB     KIDBY            91,632.62       9.95     803.97   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3888005  3888005LB     JAUREZ           50,748.11      10.5      464.97   85           OWNER   360 AMERIQUEST   AMERIQUEST   4/1/98 
3888971  3888971LB     BYRDSONG        162,737.45      10.5    1,491.03   77           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3889102  3889102LB     PANTALONE       295,318.38       8.8    2,339.21   80           OWNER   360 AMERIQUEST   AMERIQUEST   2/1/98 
3891330  3891330LB     PIRIE            74,198.32       7.99     545.4    80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3891991  3891991LB     BLOCK           139,690.67       9      1,126.47   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3893088  3893088LB     JONES            62,123.37       9.5      524.69   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3893104  3893104LB     HALL             21,572.11      11.99     260.9    75           OWNER   180 AMERIQUEST   AMERIQUEST   3/1/98 
3894326  3894326LB     AUSTIN           33,697.39      10.5      308.73   75           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3894847  3894847LB     CLOUGH          157,416.81       9.99   1,382.77   79           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3894979  3894979LB     RAUB            239,613.48      10.5    2,195.37   60           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3895182  3895182LB     HANSON           71,676.80      12.009    738.63   78           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3895711  3895711LB     KNOBLAUCH        91,164.99      12.99   1,008.69   73           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3895927  3895927LB     KITTEL          130,200.98      10.75   1,217.26   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3897444  3897444LB     GRIMES          215,232.98       7.75   1,547.45   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3897667  3897667LB     MARKS           126,726.80       8.99   1,146.33   75           OWNER   240 AMERIQUEST   AMERIQUEST   3/1/98 
3899622  3899622LB     HYTE             76,630.31       9        617.95   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3899937  3899937LB     BALACUIT        204,487.43      10.75   1,911.77   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3900347  3900347LB     REYNOLDS        263,574.82      10.5    2,414.91   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3900834  3900834LB     JONES            69,581.54      10.25     624.59   85           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3901105  3901105AD     SZYMANSKI       550,242.29       9.23   4,533.17   80           OWNER   360 ADVANTA      AMRESCO      3/1/98 
3901238  3901238LB     HURTADO          37,461.52      12.563    402.06   75           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3901311  3901311LB     ROBERTS          47,922.70      10.5      439.07   66           OWNER   360 AMERIQUEST   AMERIQUEST   4/1/98 
3901584  3901584LB     PEW              44,381.68      10.5      495.22   80           OWNER   180 AMERIQUEST   AMERIQUEST   4/1/98 
3902467  3902467LB     WOLF            110,129.63       8.5      848.88   80           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3902764  3902764LB     FEINGA          104,830.87      10.5      960.48   75           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3903440  3903440LB     PRICE            74,351.65       9.5      626.44   75           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
3903853  3903853LB     SMITH            41,932.37      10.501    384.22   75           OWNER   360 AMERIQUEST   AMERIQUEST   4/1/98 
3903887  3903887LB     SIX-SMITH        20,755.70      10.5      208.26   70       NON OWNER   240 AMERIQUEST   AMERIQUEST   3/1/98 
3904885  3904885LB     GARRARD          82,219.49       8.5      634.35   75           OWNER   360 AMERIQUEST   AMERIQUEST   4/1/98 
3905619  3905619LB     NIKOLOV          35,148.99      10.99     334.95   80           OWNER   360 AMERIQUEST   AMERIQUEST   4/1/98 
3905981  3905981LB     FLOWERS          44,952.15      12.4      476.78   60           OWNER   360 AMERIQUEST   AMERIQUEST   3/1/98 
        
</TABLE>

                                 Page 14 of 22
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>

 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----    
  <S>     <C>           <C>              <C>                              <C>                  <C>    <C>   <C>        <C>       
  3906070 3906070LB     CREAMER          4787  PLEASANT VIEW              HOUSE SPRINGS        MO     63051 SFR        11/1/27    
  3906088 3906088LB     BROOKS           10117 PALOMA AVENUE              LOS ANGELES          CA     90002 SFR        11/1/27    
  3906104 3906104LB     HERNANDEZ        13380 SW 40TH ST                 MIAMI                FL     33175 SFR        11/1/17    
  3906161 3906161LB     HARWOOD          4470 W 450 SOUTH                 CRAWFORDSVILLE       IN     47933 SFR        11/1/27    
  3907565 3907565LB     CLEVELAND        3133  LAWRENCE DRIVE             EDGEWOOD             KY     41017 SFR        11/1/27    
  3909017 3909017LB     GERBER           638  S. STONEBASE ROAD           MERCER               PA     16137 SFR        11/1/17    
  3909033 3909033LB     HOFFMAN          9 E WILLOW TERRACE DRIVE         MECHANICSBURG        PA     17055 SFR        11/1/12    
  3909256 3909256LB     BAKER            1200 W EUCLID                    INDIANOLA            IA     50125 SFR        11/1/27    
  3909876 3909876LB     YATES            1622 LINNER ROAD                 MINNETONKA           MN     35305 SFR        11/1/27    
  3909884 3909884LB     BUCHANAN         10346 S INDIANA                  CHICAGO              IL     60628 SFR        11/1/27    
  3911203 3911203LB     BIVENS           1577 MECCA PIKE                  TELLICO PLAINS       TN     37385 SFR        11/1/27    
  3911302 3911302LB     ALARCON          P.O. BOX 107  KLIMKOS ROAD       CLUNE                PA     15727 SFR        11/1/27    
  3912029 3912029LB     LITTON           157 W PECAN VALLEY ST.           COLLIERVILLE         TN     38017 SFR        11/1/27    
  3912359 3912359LB     FENWICK          2273  MAIN STREET                LANCASTER            MA      1523 SFR        11/1/27    
  3914017 3914017LB     SCOTT            1011  RONZHEIMER AVE.            ST. CHARLES          IL     60174 SFR        11/1/27    
  3914330 3914330LB     BURTS            472 NW EPHRATA AVE               SOAP LAKE            WA     98851 SFR        11/1/27    
  3915113 3915113LB     BATES            5  HAWLEY AVE                    DANBURY              CT      6810 SFR        11/1/27    
  3915733 3915733LB     WARE             4371  OLD ALLEN RD.              MEMPHIS              TN     38128 SFR        11/1/27    
  3916137 3916137LB     RUTECKY          26  SPRUCE STREET                MINERSVILLE          PA     17954 SFR        11/1/12    
  3916871 3916871LB     SOTO             62  RAILROAD STREET              CRYSTAL LAKE         IL     60014 SFR        11/1/27    
  3917010 3917010LB     PRITCHARD        113 N DAYSVILLE RD.              OREGON               IL     61061 SFR        11/1/12    
  3917093 3917093LB     CARTER           2942 LAKE IDA ROAD               DELRAY BEACH         FL     33445 SFR        11/1/27    
  3917408 3917408LB     SASS             73 SMITH LANE                    BRIGHTON             TN     38011 SFR        12/1/27    
  3917713 3917713LB     CARSNER          503  UNION STREET                JACKSON              MI     49203 SFR        11/1/27    
  3917747 3917747LB     GOFFIN           301  PARK LANE                   WARREN               AR     71671 SFR        11/1/27    
  3918067 3918067LB     CARSNER          424  KIRBY                       LESLIE               MI     49251 SFR        11/1/27    
  3918257 3918257LB     BAKER            3844  CHICAGO AVENUE SOUTH       MINNEAPOLIS          MN     55407 SFR        11/1/27    
  3919669 3919669LB     BRILL            307  SAINT CLAIR STREET          BRIDGEVILLE          PA     15017 SFR        11/1/27    
  3920865 3920865LB     RUBIO            2624  20TH STREET                GREELEY              CO     80631 SFR        11/1/27    
  3920998 3920998LB     FIERRO           565 WEST GRANADA COURT           ONTARIO              CA     91742 SFR        11/1/27    
  3921020 3921020LB     HERNANDEZ        4348  STONEY CREEK DRIVE         FORT COLLINS         CO     80525 SFR        11/1/27    
  3922069 3922069LB     HOLMES           9124 S MARSHFIELD AVE.           CHICAGO              IL     60620 SFR        11/1/27    
  3922143 3922143LB     RICE             U.S. HIGWAY  61                  ST. GENEVIEVE        MO     63670 SFR        11/1/17    
  3922416 3922416LB     TRIGUEROS        117 N ELMHURST AVE               MT PROSPECT          IL     60056 SFR        11/1/27    
  3922747 3922747LB     CARTHORN         1149 HIMELRIGHT                  AKRON                OH     44320 SFR        11/1/27    
  3923521 3923521LB     HART             41730  MARIGOLD DRIVE            FREMONT              CA     94539 SFR        11/1/27    
  3923679 3923679LB     DAVIS            1029 S TOWER                     CENTRALIA            WA     98531 SFR        11/1/27    
  3923752 3923752LB     ESSARY           799 W IVANHOE STREET             CHANDLER             AZ     85224 SFR        11/1/27    
  3924248 3924248LB     BENAVIDEZ        540 UTICA STREET                 DENVER               CO     80204 SFR        11/1/27    
  3924701 3924701LB     HARVEY           18  BURR STREET                  BREWER               ME      4412 SFR        11/1/27    
  3924891 3924891LB     BUSCH            10678  OAKHAVEN DRIVE            ST PETERSBURG        FL     33782 SFR        11/1/27    
  3926797 3926797LB     BERGERON         2021  LATHAM STREET              ROCKFORD             IL     61103 SFR        11/1/12    
  3927027 3927027LB     RODRIGUEZ        2470  B STREET                   SELMA                CA     93662 SFR        11/1/27    
  3927381 3927381LB     TORRES           227  MADISON STREET              PUEBLO               CO     81004 SFR        11/1/27    
  3927738 3927738LB     ROSS             9871  STANLEY AVENUE             OAKLAND              CA     94605 SFR        11/1/27    
  3927936 3927936LB     SMITH            3331  COVENTRY BLVD. NE          CANTON               OH     44705 SFR        11/1/27    
  3928959 3928959LB     GETZ             302  CREST AVE                   BETHELEHEM           PA     18015 SFR        11/1/27    
  3928983 3928983LB     DUNCAN           34308  EAST SPENCER ROAD         OAK GROVE            MO     64075 SFR        11/1/27    
  3929841 3929841LB     HOFFMAN          12947  EAST ELGIN PLACE          DENVER               CO     80239 SFR        11/1/27    
  3929908 3929908LB     TAYLOR           509  GRANVILLE AVE               BELLWOOD             IL     60104 SFR        11/1/27    
  3930393 3930393LB     WEST             303  WARWICK AVENUE              ORMOND BEACH         FL     32174 SFR        11/1/17    
  3930625 3930625LB     FORSBERG         666  GERANIUM AVENUE EAST        ST. PAUL             MN     55106 2-4 UNITS  11/1/27    
  3930807 3930807LB     HALLER           4335 13TH AVENUE SOUTH           MINNEAPOLIS          MN     55407 SFR        11/1/12    
  3931193 3931193LB     WALSH            735  SOUTH BLVD                  EVANSTON             IL     60202 SFR        11/1/27    
  3931433 3931433LB     HANNI            706 A CYPRESS POINT CIRCLE       MT. LAUREL           NJ      8054 CONDO      11/1/27    
  3931821 3931821LB     MITCHELL         2320 E VOTAW RD                  APOPKA               FL     32703 SFR        11/1/27    
  3931912 3931912LB     TEAT             120  LAURESTON STREET            BROCKTON             MA      2401 SFR        11/1/27    
  3932092 3932092LB     DULIN            7407  BURGESS CT                 EASTON               MD     21601 SFR        11/1/27    
  3932209 3932209LB     LAW              167 U STREET                     WASHINGTON           DC     20002 SFR        11/1/27    
  3932464 3932464LB     KIRKSEY          145 W 33RD STREET                JACKSONVILLE         FL     32206 SFR        11/1/17    
  3932498 3932498LB     MOODY            35624  CASA VISTA STREET         YUCAIPA              CA     92399 SFR        11/1/27    
  3932647 3932647LB     DIETZ            1092  SOUTH SHORE DRIVE          FOREST LAKE          MN     55025 SFR        11/1/27    

<CAPTION>

Servicer                            4/1/98      
  Loan     AMRESCO      Last       Scheduled     Current    Current          Occupancy   Original                         Due
 Number  Loan Number    Name        Balance       Rate   P&I Payment LTV       Status     Term Servicer     Originator    Date
 ------  -----------    ----       ---------      ----   ----------- ---       ------     ---- --------     ----------    ----
 <S>     <C>           <C>         <C>             <C>     <C>        <C>      <C>         <C> <C>          <C>           <C>
 3906070 3906070LB     CREAMER     141,574.51       7.5      992.88   80           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3906088 3906088LB     BROOKS       99,825.53      10.125    886.82   80           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3906104 3906104LB     HERNANDEZ   167,159.94      10.5    1,677.28   80           OWNER   240 AMERIQUEST   AMERIQUEST    4/1/98  
 3906161 3906161LB     HARWOOD      36,920.00      10.5      338.45   50           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3907565 3907565LB     CLEVELAND   101,835.75      10.5      933.03   60           OWNER   360 AMERIQUEST   AMERIQUEST    4/1/98  
 3909017 3909017LB     GERBER       40,582.10       9.99     393.46   80           OWNER   240 AMERIQUEST   AMERIQUEST    3/1/98  
 3909033 3909033LB     HOFFMAN      78,014.66      10.5      870.5    75           OWNER   180 AMERIQUEST   AMERIQUEST    3/1/98  
 3909256 3909256LB     BAKER       101,435.71      10.5      929.38   78           OWNER   360 AMERIQUEST   AMERIQUEST    2/1/98  
 3909876 3909876LB     YATES       436,558.05       9.125  3,559.64   70           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3909884 3909884LB     BUCHANAN     48,950.13      12.594    526.53   70           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3911203 3911203LB     BIVENS       44,935.97      11.075    431.1    75           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3911302 3911302LB     ALARCON      25,141.46      10        221.15   70       NON OWNER   360 AMERIQUEST   AMERIQUEST    4/1/98  
 3912029 3912029LB     LITTON      108,785.81       9.563    921.55   83           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3912359 3912359LB     FENWICK      74,879.23      10.5      686.05   60           OWNER   360 AMERIQUEST   AMERIQUEST    2/1/98  
 3914017 3914017LB     SCOTT        99,762.49       8.65     779.57   80           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3914330 3914330LB     BURTS        52,595.08       9.5      443.13   85           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3915113 3915113LB     BATES       121,898.67      13.5    1,397.41   80           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3915733 3915733LB     WARE         46,425.13      10.5      425.35   75           OWNER   360 AMERIQUEST   AMERIQUEST    2/1/98  
 3916137 3916137LB     RUTECKY      41,149.10       9.5      434.4    80           OWNER   180 AMERIQUEST   AMERIQUEST    3/1/98  
 3916871 3916871LB     SOTO         73,880.80      10.5      676.91   82           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3917010 3917010LB     PRITCHARD    44,264.56       8.99     454.12   80           OWNER   180 AMERIQUEST   AMERIQUEST    3/1/98  
 3917093 3917093LB     CARTER       76,856.68       8.99     621.02   75           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3917408 3917408LB     SASS         67,518.71      10.5      618.36   80           OWNER   360 AMERIQUEST   AMERIQUEST    4/1/98  
 3917713 3917713LB     CARSNER      31,391.87      13.95     371.28   60           OWNER   360 AMERIQUEST   AMERIQUEST    4/1/98  
 3917747 3917747LB     GOFFIN       35,962.50      12.49     383.93   75           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3918067 3918067LB     CARSNER      43,692.20      13.95     516.36   55       NON OWNER   360 AMERIQUEST   AMERIQUEST    4/1/98  
 3918257 3918257LB     BAKER        79,799.31      10.5      731.79   80           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3919669 3919669LB     BRILL        67,102.63      10.99     639.45   80           OWNER   360 AMERIQUEST   AMERIQUEST    2/1/98  
 3920865 3920865LB     RUBIO        98,558.45       8.509    760.32   80           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3920998 3920998LB     FIERRO       63,597.40      10.5      582.69   48           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3921020 3921020LB     HERNANDEZ   127,687.08       8.509    985.03   80           OWNER   360 AMERIQUEST   AMERIQUEST    2/1/98  
 3922069 3922069LB     HOLMES       75,076.22      10.5      687.88   80           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3922143 3922143LB     RICE         56,487.17       9.75     538.76   80           OWNER   240 AMERIQUEST   AMERIQUEST    3/1/98  
 3922416 3922416LB     TRIGUEROS   125,145.77       6.7      810.47   80           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3922747 3922747LB     CARTHORN     89,687.41       6.75     583.74   75       NON OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3923521 3923521LB     HART        266,000.00       8.99   2,138.38   78.235       OWNER   360 AMERIQUEST   AMERIQUEST   11/1/98  
 3923679 3923679LB     DAVIS        61,411.07      11        585.68   75           OWNER   360 AMERIQUEST   AMERIQUEST    2/1/98  
 3923752 3923752LB     ESSARY       91,847.78      10.375    832.98   80           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3924248 3924248LB     BENAVIDEZ    72,024.99      10.125    639.84   78           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3924701 3924701LB     HARVEY       43,382.07       8        319.19   71           OWNER   360 AMERIQUEST   AMERIQUEST    2/1/98  
 3924891 3924891LB     BUSCH        63,909.42      11.1      614.33   80           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3926797 3926797LB     BERGERON     47,550.96      10.5      530.59   80           OWNER   180 AMERIQUEST   AMERIQUEST    3/1/98  
 3927027 3927027LB     RODRIGUEZ    41,549.69      10.99     395.95   57           OWNER   360 AMERIQUEST   AMERIQUEST    4/1/98  
 3927381 3927381LB     TORRES       63,097.43      10.599    582.8    80           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3927738 3927738LB     ROSS        104,742.85       8.5      807.36   70       NON OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3927936 3927936LB     SMITH        48,925.72      11        466.64   70           OWNER   360 AMERIQUEST   AMERIQUEST    4/1/98  
 3928959 3928959LB     GETZ         55,050.06       7.99     404.65   80           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3928983 3928983LB     DUNCAN       89,895.20      11.99     925.06   75           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3929841 3929841LB     HOFFMAN      74,855.19      11        714.24   75       NON OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3929908 3929908LB     TAYLOR      100,524.97       8.75     792.99   80           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3930393 3930393LB     WEST         40,814.11      11.25     430.2    56       NON OWNER   240 AMERIQUEST   AMERIQUEST    3/1/98  
 3930625 3930625LB     FORSBERG     83,841.32       9.75     721.69   80           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3930807 3930807LB     HALLER       66,493.78      10.999    763.41   80           OWNER   180 AMERIQUEST   AMERIQUEST    3/1/98  
 3931193 3931193LB     WALSH       249,288.64       8.12   1,855.00   75           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3931433 3931433LB     HANNI        52,096.52      12.563    559.13   70           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3931821 3931821LB     MITCHELL     99,820.45       9.99     876.83   80           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3931912 3931912LB     TEAT         50,404.61       9.75     433.87   52           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3932092 3932092LB     DULIN        91,737.75       7.75     659.1    80           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3932209 3932209LB     LAW          69,410.92       7.99     510.22   80       NON OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3932464 3932464LB     KIRKSEY      47,769.48      10.99     495.12   80           OWNER   240 AMERIQUEST   AMERIQUEST    4/1/98  
 3932498 3932498LB     MOODY       190,974.07      10.999  1,821.17   75           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
 3932647 3932647LB     DIETZ        83,818.19       9.1      681.94   80           OWNER   360 AMERIQUEST   AMERIQUEST    3/1/98  
</TABLE>

                                 Page 15 of 22

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>

 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----    
  <S>     <C>           <C>              <C>                              <C>                  <C>    <C>   <C>        <C>       
  3932787 3932787LB     MALDONADO        11012  VIRGINIA AVENUE           LYNWOOD              CA     90262 2-4 UNITS  11/1/27    
  3932969 3932969LB     GABRIEL          544 S QUEEN STREET               LANCASTER            PA     17076 SFR        11/1/27    
  3933546 3933546LB     NASSIF           6420 S PUGET SOUND AVENUE        TACOMA               WA     98409 SFR        11/1/27    
  3933751 3933751LB     COLF             2340  ANDREWS RD                 CANANDAIGUA          NY     14424 SFR        11/1/27    
  3934510 3934510LB     THIBAULT         RT 3  BOX 215                    ADRIAN               MO     34720 SFR        11/1/27    
  3934551 3934551LB     VINDITTIE        922 BRIDGE STREET                BETHLEHEM            NY     12143 2-4 UNITS  11/1/17    
  3934668 3934668LB     VOGELMANN        410  MAIN STREET                 RIVERTON             NJ      8077 2-4 UNITS  11/1/27    
  3934676 3934676LB     DULIN            305  BROOKLETTS RD               EASTON               MD     21601 SFR        11/1/27    
  3935038 3935038LB     BERRY            7251  EAST 60TH AVENUE           COMMERCE CITY        CO     80022 SFR        11/1/27    
  3935475 3935475LB     WOOLDRIDGE       1052 E HOWARD ST.                PONTIAC              IL     61764 SFR        11/1/27    
  3935517 3935517LB     MERCIER          198  JAY STREET                  WOOD-RIDGE           NJ      7075 SFR        11/1/27    
  3936887 3936887LB     KYLE             9433  SHADOW POINT CIRCLE        CHATTANOOGA          TN     37421 SFR        11/1/27    
  3937083 3937083LB     DALLAGO          20 S BEECH STREET                MT. CARMEL           PA     17851 SFR        11/1/27    
  3937489 3937489LB     BERARDI          472 VETERANS BLVD                BAYVILLE             NJ      8721 SFR        11/1/27    
  3937612 3937612LB     WARDELL          122  LEMON STREET                POTTSTOWN            PA     19464 SFR        11/1/17    
  3937638 3937638LB     PEREZ            628-628 1/2 W 41ST DRIVE         LOS ANGELES          CA     90037 2-4 UNITS  11/1/27    
  3938172 3938172LB     FRANCO           4301  SNEAD DR                   LAS VEGAS            NV     89107 SFR        11/1/27    
  3938883 3938883LB     BROWN            1181  EAST 83RD STREET           CLEVELAND            OH     44103 SFR        11/1/27    
  3939691 3939691LB     GARCIA           4600  VALLEY ROAD                TRENTON              MI     48183 SFR        11/1/27    
  3939758 3939758LB     SCHWARTZ         23204  AETNA STREET              LOS ANGELES          CA     91367 SFR        11/1/27    
  3939840 3939840LB     HOSKINS          4228  FRUDENBERGER AVENUE        TROTWOOD             OH     45426 SFR        11/1/12    
  3939873 3939873LB     DEMARSH          508  SUNRISE DRIVE               CRANBERRY TWP        PA     16066 PUD        11/1/27    
  3940343 3940343LB     ZYZNIEWSKI       487 SE VALLEY STREET             MYRTLE CREEK         OR     97457 SFR        11/1/27    
  3941150 3941150LB     DWYER            10  FOX RUN LANE                 NEWTOWN              CT      6470 SFR        11/1/27    
  3941283 3941283LB     SPEROU           6832-6834  LEWIS AVENUE          LONG BEACH AREA      CA     90805 2-4 UNITS  11/1/27    
  3941358 3941358LB     STEVENS          421  102ND STREET WEST           BLOOMINGTON          MN     55420 SFR        11/1/27    
  3941952 3941952LB     SABEL            3500  18TH AVE                   MILWAUKEE            WI     53172 SFR        11/1/12    
  3942422 3942422LB     BUCKLEY          115  DEVON                       DORCHESTER           MA      2121 2-4 UNITS  11/1/27    
  3942661 3942661LB     HOSKINS          52  FERDON ROAD                  DAYTON               OH     45405 SFR        11/1/12    
  3942968 3942968LB     KAYALI           7108 SADDLEBACK DRIVE            BAKERSFIELD          CA     93309 SFR        11/1/27    
  3943404 3943404LB     TWOREK           16636 CHARNSWOOD CT              TINLEY PARK          IL     60477 SFR        11/1/27    
  3943917 3943917LB     FUENTES          3034 FAIRFAX AVENUE              SAN JOSE             CA     95148 SFR        11/1/27    
  3944154 3944154LB     TUCKER           1034 252ND STREET                LOS ANGELES          CA     90710 SFR        11/1/27    
  3944394 3944394LB     SHAFER           777  LEXINGTON-ONTARIO RD        MANSFIELD            OH     44903 SFR        11/1/27    
  3944535 3944535LB     LANE             866  BELLEVUE AVE.               AKRON                OH     44307 SFR        11/1/12    
  3945086 3945086LB     JOHNSON          251  AMES STREET                 BROCKTON             MA      2402 SFR        11/1/27    
  3945227 3945227LB     STAFFILINO       1613  MORELAND DR.               STEUBENVILLE         OH     43952 SFR        11/1/27    
  3945482 3945482AD     WOOLARD          1187 WEST 36TH STREET            LOS ANGELES          CA     90007 SFR         8/1/27    
  3945672 3945672LB     COLLINS          1780  LAKE STREET                LAUDERDALE           MN     55113 SFR        11/1/27    
  3945706 3945706LB     SLEETER          104 E CAROLINE                   SWANSEA              IL     62226 SFR        11/1/17    
  3946043 3946043LB     CARTHRON         4007  EDENBURG DR.               MEMPHIS              TN     38127 SFR        11/1/27    
  3946092 3946092LB     HAHN             4339 N MAIN                      STOCKBRIDGE          MI     49285 MANUF'D HM 11/1/27    
  3946456 3946456LB     JOHNSON          4816  BRIARCLIFT ROAD            BALTIMORE            MD     21229 SFR        11/1/12    
  3946662 3946662LB     TURNURE          4326  COMPTON AVENUE             ROCKFORD             IL     61101 SFR        11/1/27    
  3946712 3946712LB     SMITH            115  VAN DUSEN ROAD              QUEENSBURY           NY     12804 SFR        11/1/27    
  3946985 3946985LB     ONEEL            1114 NW 4TH ST.                  ANKENY               IA     50021 SFR        11/1/27    
  3947314 3947314LB     COGGESHALL       2222 DUFOUR AVE.                 REDONDO BEACH        CA     90278 CONDO      11/1/27    
  3947330 3947330LB     GORDON           127 BOBBY LN                     MT PROSPECT          IL     60056 SFR        11/1/27    
  3947512 3947512LB     GONZALES         1605  SOUTH SECOND STREET        FRESNO               CA     93702 SFR        11/1/27    
  3948007 3948007LB     TOURGEE          21  CHURCH STREET                BERKLEY              MA      2779 SFR        11/1/27    
  3948270 3948270LB     LUCK             3544  WEST 116TH STREET          INGLEWOOD            CA     90303 SFR        11/1/27    
  3948502 3948502LB     FUENTES          12840 NW 22 AVENUE               MIAMI                FL     33167 SFR        11/1/27    
  3948577 3948577LB     MALONEY          210-06  NASHVILLE BLVD.          CAMBRIA HGTS.        NY     11411 SFR        11/1/27    
  3948791 3948791LB     MAUZEY           4119  28TH AVE                   TEMPLE HILLS         MD     20748 TOWNHOUSE  11/1/12    
  3948866 3948866LB     ZUCKERMAN        623  KINGS CROFT                 CHERRY HILL          NJ      8034 CONDO      11/1/12    
  3949518 3949518LB     TILSON           56 FARNSWORTH RD                 HENRIETTA            NY     14623 SFR        11/1/27    
  3949781 3949781LB     ADAIR            3216 3RD ST.                     DES MOINES           IA     50313 SFR        11/1/27    
  3950094 3950094LB     GALLER           5275  190TH STREET WEST          FARMINGTON           MN     55024 SFR        11/1/27    
  3950128 3950128LB     HACKETT          98  STONEGATE RD                 BUFFALO GROVE        IL     60089 SFR        11/1/27    
  3950490 3950490LB     ALLEN            521 S VERLINDEN AVE              LANSING              MI     48915 SFR        11/1/27    
  3951084 3951084LB     BROWN            1041  SWANER ST                  SAN DIEGO            CA     92114 SFR        11/1/27    
  3951688 3951688LB     STEVENSON        13628  CLOVERLAWN                DETROIT              MI     48238 SFR        11/1/27    
  
<CAPTION>

Servicer                             4/1/98      
  Loan     AMRESCO      Last        Scheduled     Current    Current          Occupancy   Original                          Due
 Number  Loan Number    Name         Balance       Rate   P&I Payment LTV       Status     Term Servicer     Originator     Date
 ------  -----------    ----        ---------      ----   ----------- ---       ------     ---- --------     ----------     ----
 <S>     <C>           <C>          <C>             <C>     <C>        <C>      <C>         <C> <C>          <C>            <C>
 3932787 3932787LB     MALDONADO    123,550.69      10.5    1,131.99   75           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3932969 3932969LB     GABRIEL       69,478.55      10.125    617.23   80           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3933546 3933546LB     NASSIF        82,225.85       9.215    675.8    80           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3933751 3933751LB     COLF          83,876.19      10.99     799.32   78           OWNER   360 AMERIQUEST   AMERIQUEST     4/1/98
 3934510 3934510LB     THIBAULT      59,528.98      10.5      545.41   75           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3934551 3934551LB     VINDITTIE     74,545.06       9        674.79   75           OWNER   240 AMERIQUEST   AMERIQUEST     3/1/98
 3934668 3934668LB     VOGELMANN     87,398.33      12        900.04   57           OWNER   360 AMERIQUEST   AMERIQUEST     2/1/98
 3934676 3934676LB     DULIN         51,594.95       7.5      361.84   75       NON OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3935038 3935038LB     BERRY         83,302.42      11.969    855.88   79           OWNER   360 AMERIQUEST   AMERIQUEST     4/1/98
 3935475 3935475LB     WOOLDRIDGE    33,701.19      11        321.41   75           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3935517 3935517LB     MERCIER      104,839.71      10.75     980.16   60           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3936887 3936887LB     KYLE         163,230.95       8.9    1,304.61   80           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3937083 3937083LB     DALLAGO       44,754.04      12.563    480.33   80           OWNER   360 AMERIQUEST   AMERIQUEST     4/1/98
 3937489 3937489LB     BERARDI      122,932.35       8.25     925.94   85           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3937612 3937612LB     WARDELL       56,447.31      10        547.65   65           OWNER   240 AMERIQUEST   AMERIQUEST     3/1/98
 3937638 3937638LB     PEREZ        139,774.50      10.5    1,280.64   80           OWNER   360 AMERIQUEST   AMERIQUEST     4/1/98
 3938172 3938172LB     FRANCO       100,669.25      11.5      998.22   80           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3938883 3938883LB     BROWN         25,173.60      12.99     278.57   60           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3939691 3939691LB     GARCIA       118,138.39       9        952.67   80           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3939758 3939758LB     SCHWARTZ     280,797.05      10.5    2,572.70   75           OWNER   360 AMERIQUEST   AMERIQUEST     2/1/98
 3939840 3939840LB     HOSKINS       31,563.21       9.99     342.34   75       NON OWNER   180 AMERIQUEST   AMERIQUEST     3/1/98
 3939873 3939873LB     DEMARSH       91,892.85      11.99     945.62   80           OWNER   360 AMERIQUEST   AMERIQUEST     4/1/98
 3940343 3940343LB     ZYZNIEWSKI   113,587.70       8.3      860.45   80           OWNER   360 AMERIQUEST   AMERIQUEST     4/1/98
 3941150 3941150LB     DWYER         83,391.72      11.5      826.89   41           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3941283 3941283LB     SPEROU       126,719.82       8.999  1,021.78   75       NON OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3941358 3941358LB     STEVENS       95,046.69      10.5      870.83   80           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3941952 3941952LB     SABEL        125,047.57       8.99   1,281.28   80           OWNER   180 AMERIQUEST   AMERIQUEST     3/1/98
 3942422 3942422LB     BUCKLEY       81,468.57      10.5      746.43   67           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3942661 3942661LB     HOSKINS       33,419.91       9.99     362.47   75       NON OWNER   180 AMERIQUEST   AMERIQUEST     3/1/98
 3942968 3942968LB     KAYALI       151,755.21      10.5    1,390.40   80           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3943404 3943404LB     TWOREK       147,597.97       7.99   1,084.94   80           OWNER   360 AMERIQUEST   AMERIQUEST     4/1/98
 3943917 3943917LB     FUENTES      185,588.16       8.99   1,495.26   78           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3944154 3944154LB     TUCKER       189,111.39       8.25   1,424.40   80           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3944394 3944394LB     SHAFER       150,589.84       7.99   1,106.93   77           OWNER   360 AMERIQUEST   AMERIQUEST     5/1/98
 3944535 3944535LB     LANE          17,453.55      11.75     208.41   80           OWNER   180 AMERIQUEST   AMERIQUEST     3/1/98
 3945086 3945086LB     JOHNSON       86,157.36       8.75     679.71   80           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3945227 3945227LB     STAFFILINO    87,555.68       8.99     705.43   65           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3945482 3945482AD     WOOLARD      127,061.54       9.62   1,083.27   77.27        OWNER   360 ADVANTA      CHADWICK       3/1/98
                                                                                                             MORTGAGE INC
 3945672 3945672LB     COLLINS      123,360.36       7.25     844.19   79           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3945706 3945706LB     SLEETER       55,638.94       8.5      485.98   80           OWNER   240 AMERIQUEST   AMERIQUEST     3/1/98
 3946043 3946043LB     CARTHRON      47,920.58      10.375    434.6    80           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3946092 3946092LB     HAHN          89,756.01       8        660.39   75           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3946456 3946456LB     JOHNSON       68,171.06       9.9      735.66   85           OWNER   180 AMERIQUEST   AMERIQUEST     3/1/98
 3946662 3946662LB     TURNURE       29,731.84      10.99     283.33   75           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3946712 3946712LB     SMITH         53,506.47      10.125    475.34   80           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3946985 3946985LB     ONEEL        106,139.44       8.5      818.12   80           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3947314 3947314LB     COGGESHALL   248,915.05       9.99   2,192.07   74           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3947330 3947330LB     GORDON       114,614.83      10.5    1,050.12   70           OWNER   360 AMERIQUEST   AMERIQUEST     2/1/98
 3947512 3947512LB     GONZALES      29,219.87      12.563    313.61   75           OWNER   360 AMERIQUEST   AMERIQUEST     2/1/98
 3948007 3948007LB     TOURGEE      137,219.41       7.9    1,000.08   80           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3948270 3948270LB     LUCK         122,019.05       9.75   1,050.32   75           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3948502 3948502LB     FUENTES       58,442.46      12.75     635.72   64           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3948577 3948577LB     MALONEY      100,382.92       7.25     686.95   65           OWNER   360 AMERIQUEST   AMERIQUEST     5/1/98
 3948791 3948791LB     MAUZEY        74,253.68       9.8      796.81   68           OWNER   180 AMERIQUEST   AMERIQUEST     3/1/98
 3948866 3948866LB     ZUCKERMAN     70,197.86       8.375    693.97   68           OWNER   180 AMERIQUEST   AMERIQUEST     3/1/98
 3949518 3949518LB     TILSON        74,850.68       9.5      630.64   75           OWNER   360 AMERIQUEST   AMERIQUEST     4/1/98
 3949781 3949781LB     ADAIR         59,884.99      10.5      548.84   80           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3950094 3950094LB     GALLER       129,790.63      10.5    1,189.16   74           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3950128 3950128LB     HACKETT      167,827.55       8.99   1,352.17   75           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3950490 3950490LB     ALLEN         76,829.86       9        619.56   76           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3951084 3951084LB     BROWN         97,284.10       8.99     783.81   75           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98
 3951688 3951688LB     STEVENSON     46,297.32      10.5      424.44   80           OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98

</TABLE>

                                 Page 16 of 22

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>

 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----    
  <S>     <C>           <C>              <C>                              <C>                  <C>    <C>   <C>        <C>       
  3952207 3952207LB     CANADY           18917  PLAINVIEW                 DETROIT              MI     48219 SFR        11/1/27    
  3952264 3952264LB     BRASE            3650 ST. PAUL ROAD               OWATONA              MN     55060 SFR        11/1/27    
  3952579 3952579LB     BLACK            18088  BLANDFORD RD.             CLEVELAND            OH     44121 SFR        11/1/27    
  3952587 3952587LB     GASTIN           3439 WHIPPOORWILL DRIVE          TALLAHASSEE          FL     32310 MANUF'D HM 11/1/27    
  3952744 3952744LB     WYATT            14409  JAYSTONE DR               SILVER SPRING        MD     20905 SFR        11/1/27    
  3952942 3952942LB     WALKER           15  CIRCLE DRIVE                 WESTBURY             NY     11590 SFR        11/1/27    
  3953783 3953783LB     RICH-ALEXANDER   556  WOODSTOCK WAY               SANTA CLARA          CA     95054 SFR        11/1/27    
  3954567 3954567LB     RADER            9997  COLONY  ROAD               WILTON               CA     95693 SFR        11/1/27    
  3954617 3954617LB     SAMS             2597  KIT SIERRA WAY             CARSON CITY          NV     89706 MANUF'D HM 11/1/27    
  3954625 3954625LB     RAMBONE          38  ERIN LANE                    PASCOAG              RI      2859 2-4 UNITS  11/1/27    
  3954971 3954971LB     MURPHY           3300  BRIDGER TRAIL              BOULDER              CO     80301 CONDO      11/1/27    
  3955267 3955267LB     BUTLER           18  CLIMAX STREET                PITTSBURGH           PA     15210 SFR        11/1/27    
  3955366 3955366LB     MARTINEZ         864  SOUTH RALEIGH STREET        DENVER               CO     80219 2-4 UNITS  11/1/27    
  3955838 3955838LB     HUGUENIN         40 1ST STREET                    FAIRVIEW             OR     97024 SFR        11/1/27    
  3956026 3956026LB     RIGGS            10808  EASUM ROAD                LOUISVILLE           KY     40299 SFR        11/1/27    
  3956653 3956653LB     YANOVER          1785 CHURCH  RD                  YORK                 PA     17404 SFR        11/1/27    
  3956786 3956786LB     MEDINI           8 NORMANDY ROAD                  COLONIA              NJ      7067 SFR        11/1/27    
  3958857 3958857LB     IM               8051  MADIA CIRCLE               LA PALMA             CA     90623 SFR        11/1/27    
  3958899 3958899LB     BLANTON          1346  SOUTH JOANE WAY            SANTA ANA            CA     92704 SFR        11/1/27    
  3959004 3959004LB     CRYER            403 3RD ST. SE                   ARDMORE              OK     73401 SFR        11/1/12    
  3959285 3959285LB     MAKI             335  SOUTH ASHLAND               CAMBRIDGE            MN     55008 SFR        11/1/27    
  3959491 3959491LB     SOUDERS-EASTERLY 672  HAZARD RD                   PALMERTON            PA     18071 SFR        11/1/17    
  3959525 3959525LB     ASANI            151  RIVEREDGE RD.               LINCOLN PARK         NJ      7035 SFR        11/1/27    
  3959566 3959566LB     BANISTER         671 CAMERON                      PONTIAC              MI     48340 SFR        12/1/27    
  3959681 3959681LB     DAVIES           518  QUEEN AVENUE NORTH          MINNEAPOLIS          MN     55405 SFR        11/1/27    
  3959699 3959699LB     MASTROPIERRO     1644  ALANSON DRIVE              DELAND               FL     32724 SFR        11/1/27    
  3959996 3959996LB     CANSLER          5  ELM COURT                     MAYNARD              MA      1754 SFR        11/1/27    
  3961133 3961133LB     TOVAR            37928  ROCKSPRAY COURT           NEWARK               CA     94560 SFR        11/1/27    
  3961471 3961471LB     KORN             806  BROCK STREET                ASHLAND              PA     17921 SFR        11/1/12    
  3961836 3961836LB     GUERRERO         4698 EAST EL MONTE WAY           FRESNO               CA     93702 SFR        11/1/27    
  3962149 3962149LB     MCCLOUD          121 N 44TH STREET                LOUISVILLE           KY     40212 SFR        11/1/27    
  3962255 3962255LB     LAUGHNER         1227  ITIN STREET                PITTSBURGH           PA     15212 2-4 UNITS  11/1/27    
  3962370 3962370LB     MALCOLM          24 N CEDAR STREET                NEW CASTLE           PA     16102 SFR        11/1/27    
  3962503 3962503LB     HERNANDEZ        1044  EAST ALFORD STREET         AZUSA                CA     91702 SFR        11/1/27    
  3962511 3962511LB     PERRY            860  OLD FALL RIVER ROAD         NORTH DARTMOUTH      MA      2747 SFR        11/1/27    
  3962917 3962917LB     COLLINS          433 S CEDAR LANE                 UPPER DARBY          PA     19082 SFR        11/1/27    
  3963394 3963394LB     DOSSIE           61 CHESTNUT AVENUE               IRVINGTON            NJ      7111 SFR        11/1/27    
  3963824 3963824LB     NUTTALL          4826  SAGINAW CIRCLE             PLEASANTON           CA     94588 CONDO      11/1/27    
  3964103 3964103LB     ANDERSON         3378 AUGER AVENUE                WHITE BEAR LAKE      MN     55110 SFR        12/1/27    
  3964228 3964228LB     BARLESI          517  LOS PINOS WAY               SAN JOSE             CA     95123 SFR        11/1/27    
  3965084 3965084LB     HERRIN           5020  LAUREL DRIVE               CONCORD              CA     94521 SFR        11/1/27    
  3965415 3965415LB     WILSON           ROUTE 4 BOX 224A                 PIKEVILLE            TN     37367 SFR        11/1/27    
  3965829 3965829LB     SCHELLER         383  MANILA AVENUE               LONG BEACH           CA     90814 SFR        11/1/27    
  3965993 3965993LB     SEIFERD          6427  AIRWAY AVENUE              TOWN OF YUCCA VALLEY CA     92284 SFR        11/1/27    
  3966124 3966124LB     HAAS             120  SHARON VALLEY ROAD          SHARON               CT      6069 SFR        11/1/27    
  3966314 3966314LB     BLY              3921  MILTON DR                  INDEPENDENCE         MO     64055 SFR        11/1/27    
  3966512 3966512LB     KING             119 E 132ND TERR                 KANSAS CITY          MO     64145 SFR        11/1/27    
  3966843 3966843LB     WELTY            5249  B WIGVILLE ROAD            THURMONT             MD     21788 SFR        11/1/12    
  3967080 3967080LB     POCKEY           19  PARK DRIVE                   CHESWICK             PA     15024 SFR        11/1/12    
  3967502 3967502LB     WATSON           3850 NW 171 STREET               OPALOCKA             FL     33055 SFR        11/1/27    
  3967593 3967593LB     DOLMAN           2194  DURBY COVE                 MEMPHIS              TN     38114 SFR        11/1/27    
  3968708 3968708LB     BOCCAGNO         53  ROSEWOOD LANE                MARIETTA             PA     17547 SFR        11/1/27    
  3969185 3969185LB     TODD             286 ALEXANDER ST.                TWIN FALLS           ID     83301 SFR        11/1/27    
  3969292 3969292LB     SUAREZ           8  BLUE JAY DR                   NEWARK               DE     19713 SFR        11/1/27    
  3969334 3969334LB     MICHEL           9456  FRIENDSHIP AVENUE          PICO RIVERA          CA     90660 SFR        11/1/27    
  3969656 3969656LB     COLE             823 HEMLOCK LANE                 NEWBERG              OR     97132 SFR        11/1/27    
  3969722 3969722LB     BOBER            7906  GREENSIDE COURT            CHARLOTTE            NC     28277 CONDO      11/1/27    
  3969938 3969938LB     WILLIAMS         11479 E ADA AVENUE               STOCKTON             CA     95215 SFR        11/1/27    
  3970332 3970332LB     FOTI             8 ELEANOR ROAD                   WALPOLE              MA      2081 SFR        11/1/27    
  3970431 3970431LB     MILANO           2423 S EIGHTH ST                 PHILADELPHIA         PA     19148 SFR        11/1/27    
  3970498 3970498LB     QUIROS           1209 KENNEYDALE AVENUE           S. SAN GABRIEL AREA  CA     91775 SFR        11/1/27    
  3970597 3970597LB     SIMMERT          1619 N CHURCH STREET             ROCKFORD             IL     61103 SFR        11/1/27    

<CAPTION>

Servicer                                4/1/98      
  Loan     AMRESCO      Last           Scheduled    Current    Current        Occupancy  Original                          Due
 Number  Loan Number    Name            Balance      Rate   P&I Payment LTV     Status    Term Servicer     Originator     Date
 ------  -----------    ----           ---------     ----   ----------- ---     ------    ---- --------     ----------     ----
 <S>     <C>           <C>              <C>          <C>     <C>        <C>    <C>         <C> <C>          <C>            <C>
 3952207 3952207LB     CANADY            31,852.19    8        234.8    80         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3952264 3952264LB     BRASE             78,335.32    9.25     645.8    65         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3952579 3952579LB     BLACK             38,313.51   12.9      421.24   65         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3952587 3952587LB     GASTIN            35,701.55   11.3      348.59   65         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3952744 3952744LB     WYATT            296,691.86    7.99   2,180.88   85         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3952942 3952942LB     WALKER           131,038.60   10.5    1,200.60   75         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3953783 3953783LB     RICH-ALEXANDER   248,521.18    8.56   1,929.83   80         OWNER   360 AMERIQUEST   AMERIQUEST     5/1/98 
 3954567 3954567LB     RADER            131,740.60    9.563  1,116.01   80         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3954617 3954617LB     SAMS              38,937.18   10.5      356.75   65         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3954625 3954625LB     RAMBONE           89,855.35   10.51     823.94   75         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3954971 3954971LB     MURPHY            44,795.54    8.75     353.23   65         OWNER   360 AMERIQUEST   AMERIQUEST     4/1/98 
 3955267 3955267LB     BUTLER            40,740.88   10.99     388.24   85         OWNER   360 AMERIQUEST   AMERIQUEST     4/1/98 
 3955366 3955366LB     MARTINEZ          71,856.63    9.5      605.42   75         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3955838 3955838LB     HUGUENIN          99,800.92    9.5      840.85   80         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3956026 3956026LB     RIGGS            148,420.63    8.99   1,195.81   85         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3956653 3956653LB     YANOVER           78,286.76    7.99     575.46   71         OWNER   360 AMERIQUEST   AMERIQUEST     4/1/98 
 3956786 3956786LB     MEDINI           143,865.84   12.99   1,591.80   60         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3958857 3958857LB     IM               243,396.76   10.99   2,319.45   75         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3958899 3958899LB     BLANTON          117,560.33   10.5    1,077.11   75         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3959004 3959004LB     CRYER             12,869.88   10.375    142.7    48         OWNER   180 AMERIQUEST   AMERIQUEST     3/1/98 
 3959285 3959285LB     MAKI              90,726.05    8.5      699.33   85         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3959491 3959491LB     SOUDERS-EASTERLY  39,805.73   10.725    405.42   80         OWNER   240 AMERIQUEST   AMERIQUEST     3/1/98 
 3959525 3959525LB     ASANI             83,826.94    9.5      706.32   69         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3959566 3959566LB     BANISTER          47,146.18   10.75     440.61   80         OWNER   360 AMERIQUEST   AMERIQUEST     4/1/98 
 3959681 3959681LB     DAVIES            50,318.82   10.5      461.03   80         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3959699 3959699LB     MASTROPIERRO     111,613.12    7.5      783.12   72         OWNER   360 AMERIQUEST   AMERIQUEST     4/1/98 
 3959996 3959996LB     CANSLER          151,587.95    8      1,115.32   80         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3961133 3961133LB     TOVAR            209,661.79   10.5    1,920.95   75         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3961471 3961471LB     KORN              30,116.15   10.5      336.04   80         OWNER   180 AMERIQUEST   AMERIQUEST     3/1/98 
 3961836 3961836LB     GUERRERO          52,712.68   10.375    478.05   80         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3962149 3962149LB     MCCLOUD           36,355.21   11.75     367.43   70         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3962255 3962255LB     LAUGHNER          33,710.69   11.99     346.9    75         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3962370 3962370LB     MALCOLM           31,476.58   13.99     372.99   75         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3962503 3962503LB     HERNANDEZ        118,209.95    8.5      911.16   79         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3962511 3962511LB     PERRY            103,944.80    8.5      801.21   75         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3962917 3962917LB     COLLINS           79,396.44   12.99     878.54   85         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3963394 3963394LB     DOSSIE            88,582.51    8.5      682.8    80         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3963824 3963824LB     NUTTALL          116,540.37    8.99     938.96   80         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3964103 3964103LB     ANDERSON         101,347.84    7        675.95   80         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3964228 3964228LB     BARLESI          219,480.98    8.99   1,768.59   80         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3965084 3965084LB     HERRIN           150,699.37    9.5    1,269.69   85         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3965415 3965415LB     WILSON            29,835.29   10.5      273.51   65         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3965829 3965829LB     SCHELLER         267,466.41    9.5    2,253.49   80         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3965993 3965993LB     SEIFERD           68,710.73   11.5      681.33   80     NON OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3966124 3966124LB     HAAS             101,297.91    9.5      853.47   70         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3966314 3966314LB     BLY               79,804.08    8.5      615.13   80         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3966512 3966512LB     KING              62,182.19   12.5      664.37   75         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3966843 3966843LB     WELTY             95,026.78    9.594  1,007.91   74         OWNER   180 AMERIQUEST   AMERIQUEST     3/1/98 
 3967080 3967080LB     POCKEY            61,420.68   10.5      685.35   65         OWNER   180 AMERIQUEST   AMERIQUEST     4/1/98 
 3967502 3967502LB     WATSON            70,300.90   11.125    677.1    80         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3967593 3967593LB     DOLMAN            41,533.01   10.5      380.53   80         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3968708 3968708LB     BOCCAGNO          95,845.39   10.5      878.15   80         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3969185 3969185LB     TODD              21,565.22   10.5      197.58   60         OWNER   360 AMERIQUEST   AMERIQUEST     2/1/98 
 3969292 3969292LB     SUAREZ           148,345.94    7.99   1,090.44   85         OWNER   360 AMERIQUEST   AMERIQUEST     4/1/98 
 3969334 3969334LB     MICHEL           138,204.25    9.6    1,174.71   78         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3969656 3969656LB     COLE              87,827.06    9.563    744.01   72         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3969722 3969722LB     BOBER             72,694.52   10.99     692.74   80         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3969938 3969938LB     WILLIAMS         113,216.82    6.9      748.17   80         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3970332 3970332LB     FOTI             172,521.69   10.5    1,580.67   79         OWNER   360 AMERIQUEST   AMERIQUEST     4/1/98 
 3970431 3970431LB     MILANO            26,958.42   12.99     298.46   60         OWNER   360 AMERIQUEST   AMERIQUEST     2/1/98 
 3970498 3970498LB     QUIROS           143,748.77   10.125  1,277.02   80     NON OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 
 3970597 3970597LB     SIMMERT           43,925.27   10.25     394.28   80         OWNER   360 AMERIQUEST   AMERIQUEST     3/1/98 

</TABLE>

                                 Page 17 of 22
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>

 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----     
  <S>     <C>           <C>              <C>                              <C>                  <C>    <C>   <C>        <C>       
  3971942 3971942LB     WALSTROM         214 SOUTH WALNUT                 LA SALLE             CO     80645 SFR        11/1/27    
  3972197 3972197LB     DAMIANI          2113 WESTERN AVE                 FARMINGTON           NM     87401 SFR        12/1/27    
  3973153 3973153LB     RAMIREZ          1141 MARNE DRIVE                 HOLLISTER            CA     95023 SFR        11/1/27    
  3973500 3973500LB     MURRAY           709  LOCUST RD.                  WILMETTE             IL     60091 SFR        11/1/27    
  3973559 3973559LB     FAIRMAN          2112 NW 78 AVENUE                MARGATE              FL     33063 SFR        11/1/27    
  3973625 3973625LB     HINES            165 ORCHARD ST.                  WINTERSVILLE         OH     43952 SFR        11/1/27    
  3974227 3974227LB     ANTHONY          37  LIMEWOOD DRIVE               TRENTON              NJ      8690 SFR        11/1/27    
  3974375 3974375LB     LOVAS            1455  PORTSMOUTH CT              NORTHBROOK           IL     60062 SFR        11/1/27    
  3974417 3974417LB     NELSON           10612 WILLOWBRAE DR              TAMPA                FL     33624 PUD        11/1/27    
  3974532 3974532LB     SMALL            9449  RICHWOOD LANE              PORT RICHEY          FL     34668 SFR        11/1/27    
  3974714 3974714LB     DIMIRSKY         9006  BUSTLETON AVE E-3          PHILADELPHIA         PA     19115 CONDO      11/1/27    
  3974771 3974771LB     NEWSON           1311  82ND STREET                ST LOUIS             MO     63132 SFR        11/1/12    
  3975000 3975000LB     BENZACAR         625  SPARGUR DRIVE               LOS ALTOS            CA     94022 SFR        11/1/27    
  3975174 3975174LB     DOUGHERTY        1120  PENNSYLVANIA AVENUE        PROSPECT PARK        PA     19076 SFR        11/1/27    
  3975190 3975190LB     BRIDGES          1917  SANTANA DRIVE              CASTLE ROCK          CO     80104 SFR        11/1/27    
  3975257 3975257LB     LAWRENCE         1021  STIEREN AVENUE             BRACKENRIDGE         PA     15014 SFR        11/1/27    
  3975760 3975760LB     WILLIAMS         4825  LOCKSLEY AVE               JACKSONVILLE         FL     32208 SFR        11/1/17    
  3976131 3976131LB     SPENCER          1070 GLENWOOD BLVD               SCHENECTADY          NY     12308 SFR        11/1/17    
  3976321 3976321LB     BOYD             2301  JACKSON STREET             OXNARD               CA     93033 SFR        11/1/12    
  3977097 3977097LB     BISHOP           148 S LOMBARD AVE                LOMBARD              IL     60148 SFR        11/1/27    
  3977436 3977436LB     ROSS             3253  SEAGRAM COURT              HAYWARD              CA     94541 SFR        11/1/27    
  3978384 3978384LB     GAERLAN          1417  HERON DRIVE                MACHESNEY PARK       IL     61115 SFR        11/1/27    
  3978731 3978731LB     CURTIS           13225  SINGLETON ST              JACKSONVILLE         FL     32225 SFR        11/1/27    
  3979614 3979614LB     KUTOSKY          414  CEDARVILLE STREET           PITTSBURGH           PA     15224 SFR        11/1/12    
  3979853 3979853LB     FRANCIS          607 N 80TH PL                    KANSAS CITY          KS     66109 SFR        11/1/12    
  3980786 3980786LB     PORTER           116 E BISMARK STREET             TACOMA               WA     98404 SFR        11/1/27    
  3980844 3980844LB     PAYSOUR          1619  LYNWOOD ROAD               GASTONIA             NC     28052 SFR        11/1/27    
  3981552 3981552LB     KUEPKER          12  RALSTON STREET               WARWICK              RI      2888 SFR        11/1/27    
  3981784 3981784LB     MICKLER          360  CYPRESS AVENUE              PAHOKEE              FL     33476 SFR        11/1/27    
  3982022 3982022LB     RUFF             1615 LUNA DR                     FOUNTAIN             CO     80817 SFR        11/1/27    
  3982238 3982238LB     CUOZZO           30183  ALGER                     MADISON HEIGHTS      MI     48071 SFR        11/1/27    
  3982907 3982907LB     JUSTICE          103  ORION STREET                GOLDEN               CO     80401 SFR        11/1/27    
  3983251 3983251LB     GARETTO          715  MULBERRY ST                 HAMMOND              IN     46324 SFR        11/1/27    
  3983293 3983293LB     GENTILE          RD 5 BOX 66 SUNNY DRIVE          GREENSBURG           PA     15601 SFR        11/1/17    
  3983475 3983475LB     HOPKINSON        209  RICHFIELD STREET            PITTSBURGH           PA     15234 SFR        11/1/27    
  3983509 3983509LB     CHALE            18  HAYHURST RD                  NEW ROCHELLE         NY     10804 SFR        11/1/27    
  3984481 3984481LB     BARNHART         2119 ASPEN DRIVE                 DAVENPORT            IA     52806 SFR        11/1/27    
  3984614 3984614LB     BURRIS           3629  EAST 112TH STREET          CLEVELAND            OH     44105 2-4 UNITS  11/1/27    
  3984689 3984689LB     SKYERS           161  FORD ROAD                   WINDSOR              CT      6095 SFR        11/1/27    
  3985082 3985082LB     SOUZA            657  ADAGIO WAY                  SAN JOSE             CA     95111 SFR        11/1/27    
  3985405 3985405LB     ISHEE            5204  WITBY AVE                  JACKSONVILLE         FL     32210 SFR        11/1/17    
  3986775 3986775LB     WALKER           6820 SW 16 TERRACE               MIAMI                FL     33155 SFR        11/1/27    
  3988490 3988490LB     LEWIS            3102 WEST HAVEA CIRCLE           TAYLORSVILLE         UT     84118 SFR        11/1/27    
  3988581 3988581LB     YASHIN           525 W OAK STREET                 FRACKVILLE           PA     17931 SFR        11/1/17    
  3988870 3988870LB     MATTEN-GILSON    412 8TH STREET NORTHWEST         BUFFALO              MN     55313 SFR        11/1/27    
  3989001 3989001LB     SHERMAN          1244 W 37TH STREET               BALTIMORE            MD     21211 SFR        11/1/12    
  3989738 3989738LB     BELL             2454 N LINDER AVE.               CHICAGO              IL     60639 2-4 UNITS  11/1/27    
  3990694 3990694LB     CURTIS           10556  LONE STAR RD              JACKSONVILLE         FL     32225 SFR        11/1/17    
  3991197 3991197LB     ROGERS           44175  DUCHESS DRIVE             CANTON TOWNSHIP      MI     48187 SFR        11/1/27    
  3992302 3992302LB     AUGUSTIN         1111  GAILLARDIA WAY             EAST PALO ALTO       CA     94303 SFR        11/1/27    
  3993631 3993631LB     SCHULTE          447  THURWELL STREET             HERCULANEUM          MO     63048 SFR        11/1/27    
  3993680 3993680LB     COOL             249  MCGINNIS STREET             PLYMOUTH             PA     18651 SFR        11/1/27    
  3994233 3994233LB     SHERER           190  MAIN STREET                 PARRYVILLE           PA     18244 SFR        11/1/27    
  3994506 3994506LB     MCKENZIE         1058 N HARDING                   CHICAGO              IL     60651 SFR        11/1/27    
  3994621 3994621LB     CORDER           1318  WELLER AVE.                LOUISVILLE           KY     40208 SFR        11/1/12    
  3996055 3996055LB     PENSON           5565  EAST THRILL PLACE          DENVER               CO     80207 SFR        11/1/27    
  3996519 3996519LB     HUMPHRIES        16884  ROYAL POINCIANA DR        FT. LAUDERDALE       FL     33326 SFR        11/1/27    
  3997103 3997103LB     TENTOMAS         1045  RUCH LANE                  SOUTHHOLD            NY     11971 SFR        11/1/27    
  3997392 3997392LB     DELFINO          3582  CHANATE ROAD               SANTA ROSA           CA     95404 SFR        11/1/27    
  3997475 3997475LB     SMITH            7000 OVERHILL ROAD               FORT WORTH           TX     76116 SFR        11/1/27    
  3997681 3997681LB     WEBB             906 S TAJAUTA AVENUE             LOS ANGELES          CA     90220 SFR        11/1/27    
  3998721 3998721LB     MILETO           49  BROAD STREET                 WASHINGTON           NJ      7882 2-4 UNITS  11/1/12    

<CAPTION>

Servicer                                4/1/98      
  Loan     AMRESCO      Last           Scheduled    Current    Current         Occupancy  Original                           Due
 Number  Loan Number    Name            Balance      Rate   P&I Payment LTV      Status    Term Servicer     Originator      Date
 ------  -----------    ----           ---------     ----   ----------- ---      ------    ---- --------     ----------      ----
 <S>     <C>           <C>            <C>           <C>     <C>        <C>      <C>         <C> <C>          <C>            <C>
 3971942 3971942LB     WALSTROM        70,876.12    10.125    629.64   79           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3972197 3972197LB     DAMIANI         76,707.63    10.5      702.52   80           OWNER   360 AMERIQUEST   AMERIQUEST      4/1/98 
 3973153 3973153LB     RAMIREZ        156,901.81     8.99   1,264.14   85           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3973500 3973500LB     MURRAY         327,200.00     8.99   2,630.37   80           OWNER   360 AMERIQUEST   AMERIQUEST     11/1/98 
 3973559 3973559LB     FAIRMAN        108,509.22     8.99     874.24   75           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3973625 3973625LB     HINES           47,910.27     9.8      414.16   80           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3974227 3974227LB     ANTHONY        130,166.29     9.999  1,144.26   80           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3974375 3974375LB     LOVAS          365,404.72     7.99   2,685.96   80           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3974417 3974417LB     NELSON          80,092.32     9.563    678.48   78           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3974532 3974532LB     SMALL           48,719.69    10.4      442.75   80           OWNER   360 AMERIQUEST   AMERIQUEST      4/1/98 
 3974714 3974714LB     DIMIRSKY        68,679.97    10.125    610.13   80           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3974771 3974771LB     NEWSON          34,079.30     7.5      319.82   70           OWNER   180 AMERIQUEST   AMERIQUEST      2/1/98 
 3975000 3975000LB     BENZACAR       464,173.03     7.75   3,334.90   70           OWNER   360 AMERIQUEST   AMERIQUEST      4/1/98 
 3975174 3975174LB     DOUGHERTY       75,792.39     8.99     610.97   80           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3975190 3975190LB     BRIDGES         79,038.54    10.125    702.19   74           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3975257 3975257LB     LAWRENCE        33,525.76     9        270.35   80       NON OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3975760 3975760LB     WILLIAMS        67,581.27    10        656.21   80           OWNER   240 AMERIQUEST   AMERIQUEST      2/1/98 
 3976131 3976131LB     SPENCER         84,451.94     8.5      737.65   85           OWNER   240 AMERIQUEST   AMERIQUEST      3/1/98 
 3976321 3976321LB     BOYD            79,986.64     8.5      797.64   54       NON OWNER   180 AMERIQUEST   AMERIQUEST      3/1/98 
 3977097 3977097LB     BISHOP         128,484.55     8.5      990.36   80           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3977436 3977436LB     ROSS           189,534.66     8.5    1,460.94   76           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3978384 3978384LB     GAERLAN         66,141.75     8.625    515.67   85           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3978731 3978731LB     CURTIS         258,501.35     9.5    2,179.91   85           OWNER   360 AMERIQUEST   AMERIQUEST      4/1/98 
 3979614 3979614LB     KUTOSKY         20,030.24    11.99     242.31   47           OWNER   180 AMERIQUEST   AMERIQUEST      4/1/98 
 3979853 3979853LB     FRANCIS         38,140.53    10.5      425.58   70           OWNER   180 AMERIQUEST   AMERIQUEST      3/1/98 
 3980786 3980786LB     PORTER          68,698.33    11        655.2    80           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3980844 3980844LB     PAYSOUR         34,755.07    11.75     351.27   55           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3981552 3981552LB     KUEPKER         89,357.11     8        657.45   80           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3981784 3981784LB     MICKLER         47,136.15    11.5      467.42   80           OWNER   360 AMERIQUEST   AMERIQUEST      2/1/98 
 3982022 3982022LB     RUFF            87,828.39     9.599    746.32   80           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3982238 3982238LB     CUOZZO          63,608.83     8.99     512.49   85           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3982907 3982907LB     JUSTICE         68,313.21    11.599    682.53   60           OWNER   360 AMERIQUEST   AMERIQUEST      4/1/98 
 3983251 3983251LB     GARETTO         72,920.04     8.5      562.08   85           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3983293 3983293LB     GENTILE        127,473.91    11.99   1,408.50   80           OWNER   240 AMERIQUEST   AMERIQUEST      3/1/98 
 3983475 3983475LB     HOPKINSON       50,933.85    11.5      505.05   75           OWNER   360 AMERIQUEST   AMERIQUEST      2/1/98 
 3983509 3983509LB     CHALE          261,827.18     9.125  2,141.89   75           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3984481 3984481LB     BARNHART        59,902.20    10.5      548.84   80           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3984614 3984614LB     BURRIS          54,615.91     8.5      420.98   75           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3984689 3984689LB     SKYERS          74,080.48    10.5      678.74   70       NON OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3985082 3985082LB     SOUZA          144,429.50     8.99   1,163.65   75           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3985405 3985405LB     ISHEE           55,231.36    10.75     563.45   75           OWNER   240 AMERIQUEST   AMERIQUEST      3/1/98 
 3986775 3986775LB     WALKER          87,662.47    10.63     811.69   71           OWNER   360 AMERIQUEST   AMERIQUEST      4/1/98 
 3988490 3988490LB     LEWIS           89,296.60     6.88     588.91   80           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3988581 3988581LB     YASHIN          42,969.55     9.999    416.86   80           OWNER   240 AMERIQUEST   AMERIQUEST      4/1/98 
 3988870 3988870LB     MATTEN-GILSON  110,021.54     7        735.16   85           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3989001 3989001LB     SHERMAN         55,585.45    12.99     708.17   80           OWNER   180 AMERIQUEST   AMERIQUEST      3/1/98 
 3989738 3989738LB     BELL           116,641.18     8.99     939.76   70           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3990694 3990694LB     CURTIS          55,568.24     9.5      521.99   80       NON OWNER   240 AMERIQUEST   AMERIQUEST      4/1/98 
 3991197 3991197LB     ROGERS         127,289.09    10.375  1,154.39   75           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3992302 3992302LB     AUGUSTIN       147,748.55    10.25   1,326.23   80           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3993631 3993631LB     SCHULTE         39,512.30     8.99     318.35   80           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3993680 3993680LB     COOL            35,966.46    12.99     397.95   80           OWNER   360 AMERIQUEST   AMERIQUEST      2/1/98 
 3994233 3994233LB     SHERER          67,864.61     9.5      571.78   80           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3994506 3994506LB     MCKENZIE        80,485.28     7.045    539.67   85           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3994621 3994621LB     CORDER          51,392.33     7.99     496.64   80           OWNER   180 AMERIQUEST   AMERIQUEST      3/1/98 
 3996055 3996055LB     PENSON          78,635.23    10.99     749.36   75           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3996519 3996519LB     HUMPHRIES      144,049.41     7.35     995.56   85           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3997103 3997103LB     TENTOMAS       107,146.47    12.999  1,186.32   55           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3997392 3997392LB     DELFINO        159,645.71     8.99   1,286.25   80           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3997475 3997475LB     SMITH           60,702.05    10.5      556.17   80       NON OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3997681 3997681LB     WEBB            91,807.02     9.25     756.86   80           OWNER   360 AMERIQUEST   AMERIQUEST      3/1/98 
 3998721 3998721LB     MILETO          99,055.50    10.375  1,097.67   69       NON OWNER   180 AMERIQUEST   AMERIQUEST      3/1/98
</TABLE>

                                 Page 18 of 22
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>

 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----    
  <S>     <C>           <C>              <C>                              <C>                  <C>    <C>   <C>        <C>       
  3999687 3999687LB     JONKMAN          9352  ODAY DRIVE                 HIGHLAND             IN     46322 SFR        11/1/17      
  3999869 3999869LB     WITHELDER        832    NORTH  BLUE MARLIN DRIVE  GILBERT              AZ     85234 SFR        11/1/12      
  4000147 4000147LB     KREWSON          12314  CHARLTON ROAD             MADERA               CA     93638 SFR        11/1/27      
  4000394 4000394LB     HUBBARD          709  WOODBRIER COURT             HERMITAGE            TN     37076 SFR        11/1/27      
  4002200 4002200LB     JENNER           22406  121ST DRIVE NE            ARLINGTON            WA     98223 SFR        11/1/27      
  4003463 4003463LB     ANTONACCI        704  DEL RIO WAY                 POINCIANA            FL     34758 SFR        11/1/12      
  4003489 4003489LB     SIMPSON          3631 NW 9 COURT                  FORT LAUDERDALE      FL     33311 SFR        11/1/27      
  4005864 4005864LB     JOHNSON          12757 S UNION AVENUE             CHICAGO              IL     60628 SFR        11/1/27      
  4006003 4006003LB     PAGE             596 MAIN STREET                  HUTCHINSON           MN     55350 SFR        11/1/27      
  4006276 4006276LB     JOHNSON          2508 E 30TH                      KANSAS CITY          MO     64108 2-4 UNITS  11/1/27      
  4007449 4007449LB     BELARMINO        243 S MINER                      BENSENVILLE          IL     60106 SFR        11/1/27      
  4007456 4007456LB     MCKELLER         216  8TH STREET                  KANSAS               IL     61933 SFR        11/1/27      
  4007639 4007639LB     FALCONE          1582  SUMMIT STREET              MARCUS HOOK          PA     19061 SFR        11/1/12      
  4009346 4009346LB     COPONEN          5254 N BOULDER                   JACKSON              MI     49201 SFR        11/1/27      
  4009494 4009494LB     ALLEN            11356 S KING DRIVE               CHICAGO              IL     60628 SFR        11/1/27      
  4009569 4009569LB     LE               4336 W 169TH STREET              LAWN DALE            CA     90061 SFR        11/1/27      
  4009924 4009924LB     GRAY             8220 BRUNSWICK AVENUE N          BROOKLYN PARK        MN     55443 SFR        11/1/27      
  4010039 4010039LB     CASPER           36826 LIMETA TERRACE             FREMONT              CA     94536 PUD        11/1/27      
  4010435 4010435LB     SUDDUTH          1407   EAST  71ST  STREET        LOS ANGELES          CA     90001 SFR        11/1/27      
  4010492 4010492LB     PEARSON          1843  W. 50TH STREET             LOS ANGELES          CA     90062 SFR        11/1/27      
  4012084 4012084LB     DUNBAR           6451 SW 7TH COURT                NORTH LAUDERDALE     FL     33068 SFR        11/1/27      
  4012431 4012431LB     SABINO           2034 E 15TH ST.                  BROOKLYN             NY     11229 2-4 UNITS  11/1/27      
  4013322 4013322LB     EDMONDSON        7064  BURGAN GROVE               HOUSE SPRINGS        MO     63051 SFR        11/1/27      
  4015475 4015475LB     CURRIE           484  WESTERN PARK                MEMPHIS              TN     38109 SFR        11/1/12      
  4016945 4016945LB     HOOD             3087  FAIR OAKS AVENUE           ALTADENA AREA        CA     91001 SFR        11/1/27      
  4017570 4017570LB     HINDS            637 S 13TH AVE                   MAYWOOD              IL     60153 SFR        11/1/27      
  4017877 4017877LB     MORGAN           31  DALEY STREET                 BRISTOL              CT      6010 SFR        11/1/27      
  4019642 4019642LB     DEPALMO          13102  GOLLER AVENUE             NORWALK              CA     90650 SFR        11/1/27      
  4020590 4020590LB     DUNN             217  CARRIAGEDALE DRIVE          CARSON               CA     90745 SFR        11/1/27      
  4020681 4020681LB     MILEWSKI         3125  WEST 140TH STREET          CLEVELAND            OH     44111 SFR        11/1/27      
  4021317 4021317LB     ESTILL           1305 S 39TH ST                   ST JOSEPH            MO     64501 SFR        11/1/27      
  4022000 4022000LB     ESTILL           112 E MARKET                     ST JOSEPH            MO     64501 SFR        11/1/27      
  4022497 4022497LB     SULLIVAN         4738  WEST BAYAUD AVENUE         DENVER               CO     80219 SFR        11/1/27      
  4022687 4022687LB     GRAHAM           15423 SW 115 STREET              MIAMI                FL     33196 SFR        11/1/27      
  4029682 4029682LB     POSKY            2008 N WALTON                    WESTLAND             MI     48185 SFR        11/1/27      
  4029930 4029930LB     WILSON           922 S D STREET                   LAKE WORTH           FL     33460 SFR        11/1/27      
  4030243 4030243LB     ASHCRAFT         760 13TH AVENUE S.               CLINTON              IA     52732 SFR        11/1/17      
  4030268 4030268LB     CABAN            246  ANNAPOLIS STREET            WEST ST. PAUL        MN     55118 SFR        11/1/27      
  4031290 4031290LB     CANNON           5906  34TH ST                    TAMPA                FL     33610 SFR        11/1/17      
  4031464 4031464LB     WHITE            2566  SOUTH SALIDA STREET        AURORA               CO     80013 SFR        11/1/27      
  4032348 4032348LB     CHIN             518 DEWEY BOULEVARD              SAN FRANCISCO        CA     94116 SFR        11/1/27      
  4035143 4035143LB     RAY              913  FORD                        FERGUSON             MO     63135 SFR        11/1/27      
  4050092 4050092LB     DILLON           316 SOUTH  CHESTNUT STREET       KIMBALL              NE     69145 SFR        11/1/27      
  4051736 4051736LB     KARNAS           380  SOUTH MAIN STREET           BREWER               ME      4412 SFR        11/1/27      
  4051868 4051868LB     JOHNSON          569 WAPELLO STREET               ALTADENA             CA     91001 SFR        11/1/27      
  4052031 4052031LB     JOHNSON          1902 AVE N                       FT. PIERCE           FL     34950 SFR        11/1/27      
  4052288 4052288LB     ARONSON          689 DRY GULCH RD                 COLVILLE             WA     99328 SFR        12/1/27      
  4054086 4054086LB     STEWART          24905  PRESIDENT AVENUE          LOS ANGELES          CA     90710 SFR        11/1/27      
  4064184 4064184LB     HEFFERNAN        3107  HIGHLAND DR.               CARY                 IL     60013 PUD        11/1/27      
  4068516 4068516LB     MOSS             186  RUTH STREET                 BRIDGEPORT           CT      6606 SFR        11/1/27      
  4068946 4068946LB     PETERSON         356 JENKS AVENUE                 ST. PAUL             MN     55101 SFR        11/1/27      
  4069019 4069019LB     ROLOFF           1728 W CROUSE ST                 MOSES LAKE           WA     98837 SFR        11/1/27      
  4069324 4069324LB     JACOBS           11700  PENNSYLVANIA              KANSAS CITY          MO     64114 SFR        11/1/27      
  7005838 7005838WN     JONES            95 ELKRANGE DR                   OLD SNOW MA          CO     81654 SFR        11/1/27      
  7006000 7006000WN     GUMBS-SOLANO     1112 NEWMAN AVENUE               STILLWATER           OK     74075 SFR        11/1/27      
  7006042 7006042WN     SHITTU           100 PARK AVENUE                  CALUMET CIT          IL     60409 OTHER      10/1/27      
  7006059 7006059WN     LUCHSINGER       1013 RIVERCREST ROAD             LAKELAND             MN     55001 SFR        10/1/27      
  7006109 7006109WN     MCKEITHEN        547N ADAMS AVENUE                LOUISVILLE           CO     80027 SFR        10/1/27      
  7006166 7006166WN     PATTERSON        210N FAYETTE COURT               FAYETTEVILL          GA     30214 SFR        10/1/27      
  7006174 7006174WN     JONES            409S BRADY AVENUE                NEWTON               NC     28658 SFR        10/1/27      
  7006182 7006182WN     BEASLEY          3 ROANOKE AVENUE                 ATLANTA              GA     30305 SFR        10/1/27      
  7006208 7006208WN     BRIDGES          140 KNIGHT STREET                IRWINTON             GA     31042 OTHER      10/1/27      

<CAPTION>

Servicer                               4/1/98      
  Loan     AMRESCO      Last          Scheduled   Current    Current       Occupancy  Original                               Due
 Number  Loan Number    Name           Balance     Rate   P&I Payment LTV    Status     Term Servicer     Originator         Date
 ------  -----------    ----          ---------    ----   ----------- ---    ------     ---- --------     ----------         ----
 <S>      <C>           <C>          <C>           <C>     <C>        <C>    <C>         <C> <C>          <C>                <C>
 3999687  3999687LB     JONKMAN       81,371.92     8.5      710.75   70         OWNER   240 AMERIQUEST   AMERIQUEST         3/1/98 
 3999869  3999869LB     WITHELDER     48,080.44     8.999    492.9    35         OWNER   180 AMERIQUEST   AMERIQUEST         3/1/98 
 4000147  4000147LB     KREWSON       83,849.17     9.99     736.54   80         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4000394  4000394LB     HUBBARD       76,348.39    10.99     727.95   75         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4002200  4002200LB     JENNER       151,712.88     9.75   1,305.91   80         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4003463  4003463LB     ANTONACCI     43,522.88    12.594    545.01   52         OWNER   180 AMERIQUEST   AMERIQUEST         3/1/98 
 4003489  4003489LB     SIMPSON       65,428.45    10.5      600.3    75         OWNER   360 AMERIQUEST   AMERIQUEST         4/1/98 
 4005864  4005864LB     JOHNSON       69,446.17     8.999    559.97   80         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4006003  4006003LB     PAGE          73,391.66    10.99     699.4    75         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4006276  4006276LB     JOHNSON       20,217.41    10.5      185.23   75     NON OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4007449  4007449LB     BELARMINO    177,051.75     7.35   1,223.61   80         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4007456  4007456LB     MCKELLER      39,916.80    10.5      365.9    80         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4007639  4007639LB     FALCONE       57,656.02    10        625.69   85         OWNER   180 AMERIQUEST   AMERIQUEST         4/1/98 
 4009346  4009346LB     COPONEN      113,373.83     9.5      955.21   80         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4009494  4009494LB     ALLEN         48,421.89    10.5      443.65   67         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4009569  4009569LB     LE            66,319.36     7.99     487.49   54         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4009924  4009924LB     GRAY          95,836.89    10.25     860.26   80         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4010039  4010039LB     CASPER       139,939.48     8.99   1,127.47   85         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4010435  4010435LB     SUDDUTH      111,804.58    10.125    993.24   80         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4010492  4010492LB     PEARSON      100,167.91     6.99     667.95   72         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4012084  4012084LB     DUNBAR        99,825.53    10.125    886.82   80         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4012431  4012431LB     SABINO       228,121.98    10.375  2,068.86   73         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4013322  4013322LB     EDMONDSON     45,499.02     8.99     366.58   60         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4015475  4015475LB     CURRIE        41,589.19     9.99     451.08   80         OWNER   180 AMERIQUEST   AMERIQUEST         3/1/98 
 4016945  4016945LB     HOOD         136,398.61    13.99   1,616.27   75         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4017570  4017570LB     HINDS         50,183.04    11.375    492.83   75         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4017877  4017877LB     MORGAN        76,302.84     8.25     574.72   75         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4019642  4019642LB     DEPALMO      115,344.05     8.99     929.31   80         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4020590  4020590LB     DUNN         152,492.94     6.99   1,016.89   85         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4020681  4020681LB     MILEWSKI      90,441.43     7.75     649.79   82         OWNER   360 AMERIQUEST   AMERIQUEST         4/1/98 
 4021317  4021317LB     ESTILL        50,149.95     9.5      422.53   75     NON OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4022000  4022000LB     ESTILL        27,705.31    10.5      253.84   75     NON OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4022497  4022497LB     SULLIVAN      64,268.39     8.5      499.41   83         OWNER   360 AMERIQUEST   AMERIQUEST         4/1/98 
 4022687  4022687LB     GRAHAM       166,488.13    10      1,516.44   80         OWNER   360 AMERIQUEST   AMERIQUEST         4/1/98 
 4029682  4029682LB     POSKY         98,304.52     7.5      689.43   85         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4029930  4029930LB     WILSON        60,956.58     8.3      461.93   85         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4030243  4030243LB     ASHCRAFT      23,509.41    12.5      268.13   80         OWNER   240 AMERIQUEST   AMERIQUEST         3/1/98 
 4030268  4030268LB     CABAN         59,093.94    10        519.52   80         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4031290  4031290LB     CANNON        41,851.86    13.125    495.81   60         OWNER   240 AMERIQUEST   AMERIQUEST         3/1/98 
 4031464  4031464LB     WHITE        117,273.63    11      1,118.98   72         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4032348  4032348LB     CHIN         470,627.30     7.65   3,348.91   80         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4035143  4035143LB     RAY           65,455.05     9        527.83   80         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4050092  4050092LB     DILLON        51,871.36     8.45     397.99   80         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4051736  4051736LB     KARNAS        63,074.17     9.5      531.42   79         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4051868  4051868LB     JOHNSON      153,332.37     7.99   1,127.09   73         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4052031  4052031LB     JOHNSON       19,975.60    11.781    202.36   56         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4052288  4052288LB     ARONSON      131,009.77    10.1    1,161.52   75         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4054086  4054086LB     STEWART      151,555.44     7.75   1,088.95   80         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4064184  4064184LB     HEFFERNAN    107,899.34    12.99   1,193.86   80         OWNER   360 AMERIQUEST   AMERIQUEST         4/1/98 
 4068516  4068516LB     MOSS          83,921.90    13        929.21   60         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4068946  4068946LB     PETERSON      47,950.11    12.5      512.28   60         OWNER   360 AMERIQUEST   AMERIQUEST         2/1/98 
 4069019  4069019LB     ROLOFF        44,172.79    10.125    392.42   75         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 4069324  4069324LB     JACOBS       247,578.61    10.25   2,222.34   80         OWNER   360 AMERIQUEST   AMERIQUEST         3/1/98 
 7005838  7005838WN     JONES        321,646.10    12.5    3,436.57   70         OWNER   360 WENDOVER     OAKMONT MORTGAGE   3/1/98 
 7006000  7006000WN     GUMBS-SOLANO 116,155.22    10.5    1,066.13   90         OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98 
 7006042  7006042WN     SHITTU        50,886.50    10.05     449.45   75         OWNER   360 WENDOVER     NATIONAL MORTGAGE  3/1/98 
 7006059  7006059WN     LUCHSINGER    89,416.18    10.6      826.32   80         OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98 
 7006109  7006109WN     MCKEITHEN    156,748.99    10.75   1,466.04   90         OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98 
 7006166  7006166WN     PATTERSON     97,437.22    10.15     867.8    84.99      OWNER   360 WENDOVER     NATIONAL MORTGAGE  3/1/98 
 7006174  7006174WN     JONES         93,323.93     8.7      733.02   76.72      OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98 
 7006182  7006182WN     BEASLEY      261,370.39    10.5    2,395.71   90         OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98 
 7006208  7006208WN     BRIDGES       53,125.93     8.2      398.56   71.35      OWNER   360 WENDOVER     NATIONAL MORTGAGE  3/1/98 
</TABLE> 

                                 Page 19 of 22

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>

 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----    
  <S>     <C>           <C>              <C>                              <C>                  <C>    <C>   <C>        <C>       
  7006232 7006232WN     KEMP             310 FOUNTAIN WAY                 SWANNANOA            NC     28778 SFR        11/1/27      
  7006257 7006257WN     PATTERSON        2505 FLEMING DRIVE               ANDERSON             SC     29621 SFR        10/1/27      
  7006307 7006307WN     BRUCE            9471 WOODROW KAY RD              DALLAS               GA     30132 OTHER      11/1/27      
  7006323 7006323WN     DAOUST           113 HAWKINS FARM LN              BALLGROUND           GA     30107 SFR        10/1/27      
  7006364 7006364WN     LEON             3077 REVERE COURT                DORAVILLE            GA     30340 OTHER      10/1/27      
  7006380 7006380WN     HINOJOSA         802 LAKEMONT DRIVE               DALTON               GA     30720 SFR        10/1/27      
  7006422 7006422WN     GORMAN           1220 OAKLAND DRIVE               MOUNT DORA           FL     32757 SFR        11/1/27      
  7006448 7006448WN     COOK             5339 OMALLEY LANE                STONE MOUNT          GA     30088 SFR        10/1/27      
  7006455 7006455WN     PEARSON          167 MISTY HOLLOW WAY             WOODSTOCK            GA     30188 SFR        10/1/27      
  7006471 7006471WN     STEWART          3172 HERITAGE CROSSIN            BUFORD               GA     30519 SFR        10/1/27      
  7006489 7006489WN     SMITH            271 VALLEY BREEZE RO             RINGGOLD             GA     30736 SFR        11/1/27      
  7006505 7006505WN     KEENEY           2346 MIDDLECOFF CT               TITUSVILLE           FL     32780 SFR        11/1/27      
  7006513 7006513WN     MYERS            1977 MARBUT FOREST DR            LITHONIA             GA     30058 SFR        11/1/27      
  7006521 7006521WN     ADKISON          492 RUSTIC RIDGE CIR             LAWRENCEVIL          GA     30043 SFR        11/1/27      
  7006547 7006547WN     WILLS            3514 RIVER ROAD CIRCL            GAINESVILLE          GA     30506 SFR        11/1/27      
  7006570 7006570WN     CHANCEY          1920 WOODS RIVER LANE            DULUTH               GA     30097 SFR        11/1/27      
  7006596 7006596WN     THOMAS           ROUTE 3 BOX 42                   CANDLER              NC     28715 SFR        11/1/27      
  7006604 7006604WN     LENTZ            1386 MILL GLEN COURT             LAWRENCEVIL          GA     30045 CONDO      11/1/27      
  7006661 7006661WN     HOEHN            2418 DAKOTA TRAIL                FERN PARK            FL     32730 SFR        11/1/27      
  7006679 7006679WN     COLE             2864 FIELDSTONE DRIVE            CONYERS              GA     30013 SFR        11/1/27      
  7006687 7006687WN     BURNHAM          119 CREEK VIEW DR                WOODSTOCK            GA     30188 SFR        11/1/27      
  7006695 7006695WN     SLAGLE           2119 MAINSAIL DRIVE              MARIETTA             GA     30062 CONDO      11/1/27      
  7006737 7006737WN     PULLEN           5552 HIGHWAY 20 SE               CARTERSVILL          GA     30121 SFR        11/1/27      
  7006745 7006745WN     TOF              2440 CHURCHILL DOWNS             CUMMING              GA     30041 SFR        11/1/27      
  7006802 7006802WN     HARRINGTON       115 ROCKHURST CHASE              TYRONE               GA     30290 SFR         9/1/27      
  7006810 7006810WN     JOHNSON          210 JUMPEAR TRACE                ROSWELL              GA     30075 SFR         9/1/27      
  7006828 7006828WN     GLYMPH           6272 WELTON DRIVE                RIVERDALE            GA     30296 SFR         9/1/27      
  7006836 7006836WN     STEPHENS         2240 LEE LAND ROAD               GAINESVILLE          GA     30507 SFR        10/1/27      
  7006877 7006877WN     YEKEL            275 BEAU BROOK                   SHARPSBURG           GA     30277 SFR        10/1/27      
  7006885 7006885WN     STANTON          1280 SANDENFERRY DR              DECAUTR              GA     30033 SFR        11/1/27      
  7006984 7006984WN     DELUDE           1926 SOUTH STREET                COVENTRY             CT     62380 CONDO      10/1/27      
  7006992 7006992WN     MERTZ            427 GROTON STREET                DUNSTABLE            MA     18270 SFR         8/1/27      
  7007008 7007008WN     FRY              19 SELLINGHAM HILL               WOODSTOCK            NH     32930 SFR         9/1/27      
  7007024 7007024WN     SHEA             62E NIPMUC TRAIL                 NORTH PROVI          RI     29040 OTHER       8/1/27      
  7007032 7007032WN     SIME             489 POTTERS AVENUE               PROVIDENCE           RI     29070 SFR        11/1/27      
  7007040 7007040WN     ELLIS            15 COUNTRY CLUB ROA              GLASTONBURY          CT     60330 SFR        10/1/27      
  7007057 7007057WN     KLINGER          31 MELOY ROAD                    WEST HAVEN           CT     65160 OTHER      11/1/27      
  7007073 7007073WN     RETZOS           13809 TOWN LINE ROAD             SILVER SPRI          MD     20906 SFR        10/1/27      
  7007099 7007099WN     DUCE             407 MARLBOROUGH ST               BOSTON               MA     21160 OTHER      11/1/27      
  7007115 7007115WN     GONZALEZ         39 GLENBROOK ROAD                STAMFORD             CT     69010 OTHER      11/1/27      
  7007123 7007123WN     WESTON           8 HOWLAND TERRACE                NEW BEDFORD          MA     27400 SFR        10/1/27      
  7007131 7007131WN     THOMPSON         3801 HENDON ROAD                 RANDALLSTOW          MD     21133 SFR        10/1/27      
  7007149 7007149WN     AFLALO           137 TIMBERBROOK LN               GAITHERSBUR          MD     20878 OTHER       9/1/27      
  7007180 7007180WN     KING             LOT 5 DAYLE CIRCLE               RANDOLPH             MA     23680 SFR        11/1/27      
  7007214 7007214WN     CLARK            10 POMFRET LANDING               BROOKLYN             CT     62430 SFR        10/1/27      
  7007255 7007255WN     PERALTA          2 PRISCILLA AVENUE               PROVIDENCE           RI     29090 SFR        11/1/27      
  7007271 7007271WN     SHEA             103 RICCI LANE                   NORTH KINGS          RI     28520 SFR        10/1/27      
  7007289 7007289WN     ABITZ            14 LOOMIS DRIVE                  COVENTRY             CT     62380 SFR        10/1/27      
  7007354 7007354WN     HUTCHISON        13 GRANGER STREET                SPRINGFIELD          MA     11190 SFR        10/1/27      
  7007370 7007370WN     REED             51 STRAIGHTWAY N                 HYANNIS              MA     26010 SFR        11/1/27      
  7007396 7007396WN     MICHALOSKI       14 WOODLAND AVENUE               SMITHFIELD           RI     29170 SFR        11/1/27      
  7007412 7007412WN     JORDAN           9 KINGSWOOD DRIVE                ABINGTON             MA     23510 OTHER      11/1/27      
  7007453 7007453WN     FALLON           6 HALL LANE                      NEWTOWN              CT     64700 SFR        11/1/27      
  7007487 7007487WN     WALSH            33 RAILROAD AVENUE               DUXBURY              MA     23320 OTHER       9/1/27      
  7007495 7007495WN     HARDAKER         226 DURANT STREET                SPRINGFIELD          MA     11290 SFR        10/1/27      
  7007503 7007503WN     PIKE JR          13 BUFFUM ROAD                   CHARLTON             MA     15070 SFR         8/1/27      
  7007529 7007529WN     CURTIN           11 LANES END                     NATICK               MA     17600 OTHER       9/1/27      
  7007537 7007537WN     CONFORTI         4 MILES AVENUE                   NORTH PROVI          RI     29040 SFR         9/1/27      
  7007545 7007545WN     TOMASELLI        380 OLD WOODBURY ROA             SOUTHBURY            CT     64880 SFR         9/1/27      
  7007578 7007578WN     LANDRY           44 LAWRENCE ROAD                 DERRY                NH     30380 SFR         9/1/27      
  7007594 7007594WN     MELLOR           38 MEADOWBROOK ROAD              SOUTHBRIDGE          MA     15500 SFR        10/1/27      
  7007628 7007628WN     BRIERLEY         51 LAUREL ROAD                   NORWOOD              MA     20620 SFR        10/1/27      

<CAPTION>

Servicer                              4/1/98      
  Loan     AMRESCO      Last         Scheduled  Current    Current         Occupancy   Original                               Due
 Number  Loan Number    Name          Balance    Rate   P&I Payment LTV      Status      Term Servicer     Originator         Date
 ------  -----------    ----         ---------   ----   ----------- ---      ------      ---- --------     ----------         ----
 <S>     <C>           <C>          <C>           <C>     <C>        <C>    <C>           <C> <C>          <C>                <C>
 7006232 7006232WN     KEMP          60,692.18    10.05     535.82   80           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006257 7006257WN     PATTERSON     58,236.97     9.45     488.93   80           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006307 7006307WN     BRUCE         56,286.93     9.5      474.25   80           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006323 7006323WN     DAOUST        85,968.18    10.3      775.2    74.98        OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006364 7006364WN     LEON          69,065.93    10.4      627.93   90           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006380 7006380WN     HINOJOSA     101,689.61    10.45     928.32   84.99        OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006422 7006422WN     GORMAN       166,918.94    10.3    1,504.50   80           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006448 7006448WN     COOK         106,038.48    10.05     936.57   89.98        OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006455 7006455WN     PEARSON       80,556.49     9.7      690.81   85           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006471 7006471WN     STEWART      174,602.21     9.95   1,529.29   67.31        OWNER   360 WENDOVER     NATIONAL MORTGAGE  3/1/98
 7006489 7006489WN     SMITH        103,745.29    10.3      935.1    80           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006505 7006505WN     KEENEY        63,877.78     9.7      547.52   80     SECOND HOME   360 WENDOVER     NATIONAL MORTGAGE  3/1/98
 7006513 7006513WN     MYERS         64,882.26     9.95     568.03   89.9         OWNER   360 WENDOVER     NATIONAL MORTGAGE  3/1/98
 7006521 7006521WN     ADKISON       78,967.03    10.3      711.76   79.98        OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006547 7006547WN     WILLS        163,958.77    10.05   1,447.49   90           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006570 7006570WN     CHANCEY      248,961.10    10.65   2,308.92   84.99        OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006596 7006596WN     THOMAS        59,292.41     9.95     519.09   90           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006604 7006604WN     LENTZ        123,795.96    10.4    1,125.02   80           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006661 7006661WN     HOEHN        105,562.49    10.05     931.95   90           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006679 7006679WN     COLE          99,690.40     9.25     821.86   79.98        OWNER   360 WENDOVER     NATIONAL MORTGAGE  3/1/98
 7006687 7006687WN     BURNHAM      100,136.70    10.45     913.74   85           OWNER   360 WENDOVER     NATIONAL MORTGAGE  2/1/98
 7006695 7006695WN     SLAGLE       125,676.79    10.05   1,109.52   89.99        OWNER   360 WENDOVER     NATIONAL MORTGAGE  3/1/98
 7006737 7006737WN     PULLEN       106,059.62    10        932.42   85           OWNER   360 WENDOVER     NATIONAL MORTGAGE  3/1/98
 7006745 7006745WN     TOF          134,809.83     9.75   1,160.42   85           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006802 7006802WN     HARRINGTON   122,008.25    10.6    1,127.88   85.95        OWNER   360 WENDOVER     NATIONAL MORTGAGE  2/1/98
 7006810 7006810WN     JOHNSON      178,543.74     9.35   1,486.41   90           OWNER   360 WENDOVER     NATIONAL MORTGAGE  3/1/98
 7006828 7006828WN     GLYMPH        85,273.12    10.1      756.65   90           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006836 7006836WN     STEPHENS      63,611.06    10.15     566.54   75           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006877 7006877WN     YEKEL        122,499.32    10.25   1,100.42   84.98        OWNER   360 WENDOVER     NATIONAL MORTGAGE  3/1/98
 7006885 7006885WN     STANTON      130,271.08    10.1    1,154.89   90           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006984 7006984WN     DELUDE        54,294.58    10.7      505.78   85           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7006992 7006992WN     MERTZ        206,915.03    10.8    1,944.50   85           OWNER   360 WENDOVER     NATIONAL MORTGAGE  2/1/98
 7007008 7007008WN     FRY           65,842.19    10.6      608.67   80           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007024 7007024WN     SHEA          83,784.43    11        799.96   70           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007032 7007032WN     SIME          56,160.35    10.55     516.65   75           OWNER   360 WENDOVER     NATIONAL MORTGAGE  3/1/98
 7007040 7007040WN     ELLIS        239,493.53    10.3    2,159.57   80           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007057 7007057WN     KLINGER       51,652.64    11.45     510.51   75           OWNER   360 WENDOVER     NATIONAL MORTGAGE  3/1/98
 7007073 7007073WN     RETZOS       235,665.81     9.55   1,995.15   70           OWNER   360 WENDOVER     NATIONAL MORTGAGE  3/1/98
 7007099 7007099WN     DUCE         121,406.21    10.55   1,116.88   80           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007115 7007115WN     GONZALEZ      63,636.98    10.05     561.81   85           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007123 7007123WN     WESTON        59,078.98    10.45     539.32   80           OWNER   360 WENDOVER     NATIONAL MORTGAGE  3/1/98
 7007131 7007131WN     THOMPSON      85,201.72     9.85     740      70           OWNER   360 WENDOVER     NATIONAL MORTGAGE  3/1/98
 7007149 7007149WN     AFLALO       101,796.42     9.8      880.82   85           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007180 7007180WN     KING         136,152.96     9.95   1,191.98   80           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007214 7007214WN     CLARK         45,428.69    11.7      457.54   61.49        OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007255 7007255WN     PERALTA       57,514.85    10.9      544.2    90           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007271 7007271WN     SHEA         148,650.40     9.8    1,285.62   79.97        OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007289 7007289WN     ABITZ        148,104.99     9.2    1,216.30   90           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007354 7007354WN     HUTCHISON     57,858.05     9.6      491.94   80           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007370 7007370WN     REED          87,852.03    10.3      791.85   67.69        OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007396 7007396WN     MICHALOSKI    81,444.21     9.7      698.08   80           OWNER   360 WENDOVER     NATIONAL MORTGAGE  3/1/98
 7007412 7007412WN     JORDAN        38,416.65     9.1      312.56   65.81        OWNER   360 WENDOVER     NATIONAL MORTGAGE  3/1/98
 7007453 7007453WN     FALLON       210,706.40    10.45   1,922.68   90           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007487 7007487WN     WALSH        100,200.60     9.55     848.73   75           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007495 7007495WN     HARDAKER      49,204.48    10.7      458.36   85           OWNER   360 WENDOVER     NATIONAL MORTGAGE  3/1/98
 7007503 7007503WN     PIKE JR      105,893.42    10.45     967.49   90           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007529 7007529WN     CURTIN        59,852.15    10.45     546.61   32.21        OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007537 7007537WN     CONFORTI      34,905.09    10        307.16   58.33        OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007545 7007545WN     TOMASELLI    226,939.11    10.45   2,072.54   73.98        OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007578 7007578WN     LANDRY        87,748.58     9.75     756.06   82.94        OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007594 7007594WN     MELLOR        60,356.78    11.75     610.19   65           OWNER   360 WENDOVER     NATIONAL MORTGAGE  4/1/98
 7007628 7007628WN     BRIERLEY     161,183.74    10.65   1,495.45   85           OWNER   360 WENDOVER     NATIONAL MORTGAGE  3/1/98
</TABLE>

                                 Page 20 of 22
<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>

 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----    
  <S>     <C>           <C>              <C>                              <C>                  <C>    <C>   <C>        <C>       
  7007636 7007636WN     CALL JR          8 ANNA DRIVE                     DANVERS              MA     19230 SFR        10/1/27      
  7007651 7007651WN     VIGEANT          118-21 HAWKINS STREET            PROVIDENCE           RI     29040 OTHER      10/1/27      
  7007693 7007693WN     CONROY III       281 SOUTHBURY ROAD               ROXBURY              CT     67830 SFR        11/1/27      
  7007743 7007743WN     WHITE            102 SHADOW LANE                  WEST HARTFO          CT     61070 SFR        11/1/27      
  7007750 7007750WN     MILLER           88 DELMONT STREET                MANCHESTER           CT     60400 SFR        11/1/27      
  7007768 7007768WN     PINNOCK          90 HITCHCOCK DRIVE               MERIDEN              CT     64500 CONDO      11/1/27      
  7007784 7007784WN     BOTELHO          1411E MAIN ROAD                  PORTSMOUTH           RI     28710 SFR        11/1/27      
  7007826 7007826WN     DAYMUDE          10 WOODSEDGE LANE                AMISSVILLE           VA     20106 SFR        11/1/27      
  7007917 7007917WN     AYED             3831W HAYFORD                    CHICAGO              IL     60652 SFR         8/1/27      
  7007925 7007925WN     TAYLOR           6382 WELLESLEY DRIVE             RIVERDALE            GA     30296 SFR         8/1/27      
  7007933 7007933WN     WHETSTINE        2615 MORNINGSIDE DR              ALBUQUERQUE          NM     87110 SFR         9/1/27      
  7007941 7007941WN     WALKER           2176 GALWAY LANE                 DECATUR              GA     30032 SFR         9/1/27      
  7007958 7007958WN     HELM             2730 WOOD LANE                   GARLAND              TX     75044 SFR         9/1/27      
  7007966 7007966WN     DUPRE            30 CRISWELL ROAD                 TIJERAS              NM     87059 SFR         9/1/27      
  7007982 7007982WN     LOPEZ            10422 SAN GREGORIO DRI           ALBUQUERQUE          NM     87114 SFR         9/1/27      
  7008006 7008006WN     GARCIA           409 HAHLO STREET                 HOUSTON              TX     77020 SFR        10/1/27      
  7008014 7008014WN     FOSTER           3523S HUDSON STREET              DENVER               CO     80237 SFR         9/1/27      
  7008022 7008022WN     LESTER           1703 DRAKE STREET                LONGMONT             CO     80503 SFR        10/1/27      
  7008030 7008030WN     CASTILLO         8405 BUCKBOARD ROAD              CHEYENNE             WY     82009 SFR         9/1/27      
  7008048 7008048WN     NAVARRO          16451 STONE LEDGE DR             PARKER               CO     80134 CONDO       9/1/27      
  7008055 7008055WN     RODRIGUEZ        781E 650 SOUTH                   OGDEN                UT     84404 SFR        10/1/27      
  7008063 7008063WN     GARCIA           2043S PASEO WAY                  DENVER               CO     80219 SFR        10/1/27      
  7008071 7008071WN     JONES            1363 CLINTON STREET              AURORA               CO     80010 SFR        10/1/27      
  7008097 7008097WN     STEPHENS         4413 SILVER STONE CT             FORT COLLIN          CO     80525 SFR        10/1/27      
  7008105 7008105WN     JOHNSON          712 CLARK STREET                 DELTA                CO     81416 SFR        10/1/27      
  7008113 7008113WN     MARTIN           9406S LARK SPARROW DR            HIGHLANDS R          CO     80126 SFR        10/1/27      
  7008154 7008154WN     STEELE           2418S PALMER STREET              GLENWOOD SP          CO     81601 SFR        10/1/27      
  7008162 7008162WN     TREMBATH         15441E 104TH AVENUE              COMMERCE CI          CO     80022 SFR        10/1/27      
  7008196 7008196WN     MCCOY            2901 ROBIN LANE                  MUSKOGEE             OK     74403 SFR        10/1/27      
  7008204 7008204WN     BELMONT          40576 ANGELICA DRIVE             MURRIETA             CA     92562 SFR        10/1/27      
  7008212 7008212WN     BELL             2184E 2000 NORTH                 LAYTON               UT     84040 SFR        10/1/27      
  7008246 7008246WN     MARTINEZ-ANA     6422 ZEPHYR STREET               ARVADA               CO     80004 SFR        10/1/27      
  7008295 7008295WN     STRICKLAND       144 WEST 4TH STREET              RIFLE                CO     81650 SFR        11/1/27      
  7008337 7008337WN     BARNES           124W SMOKE TREE ROAD             GILBERT              AZ     85233 CONDO      11/1/27      
  7008360 7008360WN     CRIPPA           8531W DONALD DRIVE               PEORIA               AZ     85382 SFR        10/1/27      
  7008378 7008378WN     MILLER           3663E DOVER STREET               MESA                 AZ     85205 SFR        11/1/27      
  7008386 7008386WN     MEDINA           1522E IRONWOOD DRIVE             PHOENIX              AZ     85020 SFR        11/1/27      
  7008394 7008394WN     REIGHARD         9608W EL CAMINITO DR             PEORIA               AZ     85345 SFR        10/1/27      
  7008428 7008428WN     KACSH            8001W ASTER DRIVE                PEORIA               AZ     85381 SFR        11/1/27      
  7008444 7008444WN     ROMEO            2890 DONAX AVENUE                SAN DIEGO            CA     92154 SFR        10/1/27      
  7008469 7008469WN     FARQUHAR         1662S VICTORIA AVENUE            LOS ANGELES          CA     90019 SFR        11/1/27      
  7008550 7008550WN     MURPHY           10620S OAKLEY AVENUE             CHICAGO              IL     60643 SFR        10/1/27      
  7008568 7008568WN     JAMES            4550 CINNABAR AVENUE             PALMDALE             CA     93551 CONDO      11/1/27      
  7008618 7008618WN     SHAFFER          4770S LOGAN STREET               ENGLEWOOD            CO     80110 SFR        10/1/27      
  7008634 7008634WN     MURPHY           419 PARK AVENUE                  MERINO               CO     80741 SFR        10/1/27      
  7008659 7008659WN     PROBST           1687 TIMBER LAKES                HEBER                UT     84032 CONDO      10/1/27      
  7008691 7008691WN     PATRICK          2200 OAKLAND STREET              AURORA               CO     80010 SFR        10/1/27      
  7008709 7008709WN     WEBB             1471 KARLANN DRIVE               GOLDEN               CO     80403 OTHER      11/1/27      
  7008725 7008725WN     LOERA-MARQUE     5122 URSULA WAY                  DENVER               CO     80239 SFR        10/1/27      
  7008741 7008741WN     SPOMER           507 IOWA STREET                  HURLEY               SD     57036 SFR        11/1/27      
  7008758 7008758WN     GARCIA           1551 UTICA STREET                DENVER               CO     80204 SFR        10/1/27      
  7008824 7008824WN     HOWELL           1500 WALL STREET                 IDAHO SPRIN          CO     80452 SFR        10/1/27      
  7008840 7008840WN     POGUE            122 WHALEN AVENUE                CRIPPLE CRE          CO     80813 OTHER      10/1/27      
  7008873 7008873WN     GRAVETTE         20 POLO CIRCLE                   COLORADO SP          CO     80906 SFR        10/1/27      
  7009392 7009392WN     HAYDON           1103 TENDERFOOT TRAIL            RED RIVER            NM     87558 SFR        12/1/27      
  7009400 7009400WN     DYKES            1140 COLUMBINE STREET            DENVER               CO     80206 OTHER      11/1/27      
  7009418 7009418WN     BENJAMIN         14472E WAGONTRAIL DRIVE          AURORA               CO     80015 SFR        11/1/27      
  7009426 7009426WN     OSBORN           9634S CANBERRA DRIVE             HIGHLANDS R          CO     80126 CONDO      11/1/27      
  7009442 7009442WN     SAWYER           3387S GEDDES DRIVE               LITTLETON            CO     80122 CONDO      11/1/27      
  7011521 7011521WN     CORDOVA          2423W COCOPAH ST                 PHOENIX              AZ     85009 SFR        12/1/27      
  7011539 7011539WN     DE LA SELVA      63 CARNEGIE SQUARE               SAN JOSE             CA     95116 SFR         1/1/28      
  7011554 7011554WN     KEKERIS          1533 APPLE WAY CT                BALLWIN              MO     63021 CONDO       1/1/28      

<CAPTION>

Servicer                                4/1/98      
  Loan     AMRESCO      Last          Scheduled  Current    Current         Occupancy   Original                               Due
 Number  Loan Number    Name           Balance    Rate   P&I Payment LTV      Status     Term Servicer   Originator           Date
 ------  -----------    ----          ---------   ----   ----------- ---      ------     ---- --------   ----------           ----
 <S>     <C>           <C>            <C>         <C>     <C>        <C>      <C>         <C> <C>        <C>                 <C>
 7007636 7007636WN     CALL JR        233,907.88   9.45   1,963.26   70           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7007651 7007651WN     VIGEANT         94,324.63  10.9      892.82   75           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7007693 7007693WN     CONROY III     157,249.02  10.55   1,446.61   90           OWNER   360 WENDOVER   NATIONAL MORTGAGE   3/1/98 
 7007743 7007743WN     WHITE          120,872.81  10.2    1,084.25   90           OWNER   360 WENDOVER   NATIONAL MORTGAGE   3/1/98 
 7007750 7007750WN     MILLER          74,122.49  10.2      662.6    90           OWNER   360 WENDOVER   NATIONAL MORTGAGE   2/1/98 
 7007768 7007768WN     PINNOCK         52,419.00  10.7      488.11   70       NON OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7007784 7007784WN     BOTELHO         91,315.88   9.45     766.05   75           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7007826 7007826WN     DAYMUDE         97,835.25  10.3      881.83   80           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7007917 7007917WN     AYED            55,831.32  10.25     501.82   70           OWNER   360 WENDOVER   NATIONAL MORTGAGE   3/1/98 
 7007925 7007925WN     TAYLOR         127,091.29  10.7    1,184.84   90           OWNER   360 WENDOVER   NATIONAL MORTGAGE   2/1/98 
 7007933 7007933WN     WHETSTINE       93,514.05  10.35     847.08   75           OWNER   360 WENDOVER   NATIONAL MORTGAGE   2/1/98 
 7007941 7007941WN     WALKER          74,506.31  10.95     708.56   90           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7007958 7007958WN     HELM           190,778.85  10.45   1,742.30   85           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7007966 7007966WN     DUPRE          137,724.14   9.675  1,179.11   85           OWNER   360 WENDOVER   NATIONAL MORTGAGE   3/1/98 
 7007982 7007982WN     LOPEZ          128,046.86   9.675  1,097.89   90           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008006 7008006WN     GARCIA          40,706.26   9.9      355.04   80           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008014 7008014WN     FOSTER         112,181.93   9.8      970.69   72.36        OWNER   360 WENDOVER   NATIONAL MORTGAGE   3/1/98 
 7008022 7008022WN     LESTER         139,269.02   9.75   1,199.38   80           OWNER   360 WENDOVER   NATIONAL MORTGAGE   3/1/98 
 7008030 7008030WN     CASTILLO        87,511.61  10        770.07   75           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008048 7008048WN     NAVARRO        169,680.98  10.45   1,549.62   89.53        OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008055 7008055WN     RODRIGUEZ       83,815.01  10.1      743.38   80           OWNER   360 WENDOVER   NATIONAL MORTGAGE   2/1/98 
 7008063 7008063WN     GARCIA         121,220.91   9.9    1,057.28   90           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008071 7008071WN     JONES           73,657.58   9.3      610.23   70           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008097 7008097WN     STEPHENS       157,613.37   9.6    1,340.10   84.99        OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008105 7008105WN     JOHNSON         60,656.78  11.75     613.47   65           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008113 7008113WN     MARTIN         230,877.81   9.15   1,887.74   84.98        OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008154 7008154WN     STEELE         144,918.73  10.7    1,349.96   60     SECOND HOME   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008162 7008162WN     TREMBATH       157,153.19  10.1    1,393.83   90           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008196 7008196WN     MCCOY          119,652.34   8.9      956.93   80           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008204 7008204WN     BELMONT        127,186.72  10.4    1,156.32   64.99        OWNER   360 WENDOVER   NATIONAL MORTGAGE   2/1/98 
 7008212 7008212WN     BELL           120,437.04  10.15   1,072.63   85           OWNER   360 WENDOVER   NATIONAL MORTGAGE   3/1/98 
 7008246 7008246WN     MARTINEZ-ANA   124,217.10   9.55   1,051.62   85           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008295 7008295WN     STRICKLAND      52,881.68   8.95     424.54   82.17        OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008337 7008337WN     BARNES         122,891.73  10.5    1,125.96   89.99        OWNER   360 WENDOVER   NATIONAL MORTGAGE   3/1/98 
 7008360 7008360WN     CRIPPA         178,076.74   9.75   1,533.60   85           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008378 7008378WN     MILLER         156,971.19  10.05   1,385.80   89.91        OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008386 7008386WN     MEDINA         103,333.30  10.5      946.76   90           OWNER   360 WENDOVER   NATIONAL MORTGAGE   3/1/98 
 7008394 7008394WN     REIGHARD        72,836.16  10.05     643.33   68.87        OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008428 7008428WN     KACSH           95,885.06  10.2      857.14   85           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008444 7008444WN     ROMEO          111,691.24  10.45   1,019.60   80           OWNER   360 WENDOVER   NATIONAL MORTGAGE   3/1/98 
 7008469 7008469WN     FARQUHAR       309,948.86  10.05   2,736.34   90           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008550 7008550WN     MURPHY          82,173.34   9.45     689.86   80           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008568 7008568WN     JAMES          141,000.27   9.7    1,208.55   85           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008618 7008618WN     SHAFFER         79,543.74   9.95     696.71   75           OWNER   360 WENDOVER   NATIONAL MORTGAGE   3/1/98 
 7008634 7008634WN     MURPHY          35,414.93   9.7      303.7    66.98        OWNER   360 WENDOVER   NATIONAL MORTGAGE   3/1/98 
 7008659 7008659WN     PROBST         182,493.53   9.05   1,479.05   54.63        OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008691 7008691WN     PATRICK         89,051.34  10.05     786.54   85           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008709 7008709WN     WEBB            90,630.27   9.8      783.45   80           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008725 7008725WN     LOERA-MARQUE    99,795.58  10.45     911.01   87.72        OWNER   360 WENDOVER   NATIONAL MORTGAGE   3/1/98 
 7008741 7008741WN     SPOMER          61,101.40  10.5      559.83   90           OWNER   360 WENDOVER   NATIONAL MORTGAGE   3/1/98 
 7008758 7008758WN     GARCIA          78,805.29  10.5      722.33   85           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008824 7008824WN     HOWELL          87,808.24  10.15     782.04   80           OWNER   360 WENDOVER   NATIONAL MORTGAGE   3/1/98 
 7008840 7008840WN     POGUE           47,147.06  10.15     419.9    75           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7008873 7008873WN     GRAVETTE       464,871.64   9.65   3,969.49   80           OWNER   360 WENDOVER   NATIONAL MORTGAGE   5/1/98 
 7009392 7009392WN     HAYDON          70,504.64   8.65     550.61   54.33        OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7009400 7009400WN     DYKES          149,248.67  10.3    1,345.24   74.94        OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7009418 7009418WN     BENJAMIN       130,962.42   9.95   1,146.53   80           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7009426 7009426WN     OSBORN         130,916.25   9.35   1,098.84   80           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7009442 7009442WN     SAWYER         163,333.63  10.45   1,490.41   80           OWNER   360 WENDOVER   NATIONAL MORTGAGE   4/1/98 
 7011521 7011521WN     CORDOVA         34,609.95  10.75     323.46   90           OWNER   360 WENDOVER   MLSG INCORPORATED   3/1/98 
 7011539 7011539WN     DE LA SELVA    178,728.38   8.99   1,438.39   85           OWNER   360 WENDOVER   MLSG INCORPORATED   4/1/98 
 7011554 7011554WN     KEKERIS        152,848.88   9.5    1,286.51   90           OWNER   360 WENDOVER   MLSG INCORPORATED   3/1/98 
</TABLE>
                                                     
                                 Page 21 of 22

<PAGE>

AMRESCO Mortgage Loan Schedule
1998-1 Prefund Group 2 Adjustable Rate Loans

<TABLE>
<CAPTION>

 Servicer                                                                                                   Pro-      
   Loan     AMRESCO      Last                                                                         Zip   perty      Maturity 
  Number  Loan Number    Name                    Address                      City           State    Code   Type        Date    
  ------  -----------    ----                    -------                      ----           -----    ----   ----        ----       
  <S>     <C>           <C>              <C>                              <C>                  <C><C>       <C>        <C>       
  7011638 7011638WN     DANG             2606 GRANDE WAY                  SAN JOSE             CA     95116 SFR         1/1/28
  7011646 7011646WN     TOLVAY           1120 ASHLAND ST                  HASTINGS             MN     55033 SFR         1/1/28
  7030026 7030026WN     HUGHES           610 PEAKE STREET                 VINTON               VA 241790000 SFR         5/1/27
  7030034 7030034WN     ROCKHILL         CHATTA DRIVE                     CUMMING              GA 301310000 SFR        10/1/27
  7030216 7030216WN     GONZALEZ         1313 N. RIVERSIDE DRI            FORT WORTH           TX 761110000 SFR        12/1/27
  7030323 7030323WN     WILLIAMS         1692 GOLDEN HORIZON              LAS VEGAS            NV 891230000 SFR        10/1/27
  7030356 7030356WN     HULL             5224 WILLOWHAVEN AVEN            LAS VEGAS            NV 891200000 SFR        12/1/27
  7030463 7030463WN     BREDOW           937 LARKSPUR DRIVE               MILLBRAE             CA 940300000 SFR        12/1/27
  7030588 7030588WN     GABBAY           611 NORTH WALDEN DRI             BEVERLY HIL          CA 902100000 SFR         9/1/27
  7030612 7030612WN     BUENA            28015 20TH AVE SOUTH             FEDERAL WAY          WA 980030000 SFR        12/1/27
  7030638 7030638WN     LANG             3335 MABEL STREET                SACRAMENTO           CA 958380000 SFR        12/1/27
  7030778 7030778WN     ROBERTS          6011 162ND STREET EAS            PUYALLUP             WA 983730000 SFR        12/1/27
  7030851 7030851WN     TOOMEY           317 A & B WOODWARD A             KEENSBURG            CO 806430000 2-4 UNITS  12/1/27
  7030901 7030901WN     HICKS            4497 COVENTRY ROAD               BEALTON              VA 227120000 OTHER       9/1/27
  7030968 7030968WN     ARCHULETA        637 HEATH STREET                 MILPITAS             CA 950350000 SFR        12/1/27
  7034994 7034994WN     TVETER           3701 MOHAWK DRIVE                MOUNT VERNO          WA 982730000 SFR        12/1/27
  7035066 7035066WN     MORAN            14751 MACLAY STREET              MISSION HIL          CA 913450000 SFR        12/1/27
  7035157 7035157WN     LOPEZ            23865 VIA SEGOVIA                MURRIETA             CA 925620000 SFR        12/1/27
  7035249 7035249WN     DOSS             5426 SOUTH BIRMINGHAM            TACOMA               WA 984090000 SFR        12/1/27
  7036627 7036627WN     DEMARCO          139 HUNT CLUB LANE               NEWTOWN SQU          PA 190730000 SFR        12/1/27
  7072721 7072721LB     PETERMAN         8640 NORTH CEDAR ROAD            SPOKANE              WA     99208 SFR         6/1/27
  7123755 7123755LB     IVERY            3145 PASEO VISTA AVE             SAN MARTIN           CA     94506 SFR         4/1/27
  7163876 7163876LB     KRAFT            23000 HUMMING BIRD WAY           CALABASAS            CA     91302 SFR         6/1/27
  7170426 7170426LB     REGOLO           317 SOUTH CAMDEN DRIVE           BEVERLY HILLS        CA     90212 SFR         6/1/27
                                                                                                                              
<CAPTION>

Servicer                             4/1/98      
  Loan     AMRESCO    Last         Scheduled      Current    Current         Occupancy Original                              Due
 Number  Loan Number  Name          Balance        Rate   P&I Payment LTV     Status    Term Servicer    Originator          Date
 ------  -----------  ----         ---------       ----   ----------- ---     ------    ---- --------    ----------          ----
<S>      <C>          <C>          <C>             <C>     <C>        <C>   <C>         <C> <C>          <C>                <C>
7011638  7011638WN    DANG         123,624.53       9.375  1,029.29   75        OWNER   360 WENDOVER     MLSG INCORPORATED  3/1/98 
7011646  7011646WN    TOLVAY        94,290.97       8.75     742.65   80        OWNER   360 WENDOVER     MLSG INCORPORATED  3/1/98 
7030026  7030026WN    HUGHES        53,819.76      11.5      534.76   57.9      OWNER   360 WENDOVER     WMC EQUITY         4/1/98 
7030034  7030034WN    ROCKHILL      46,018.61      10.25     413.26   66.8      OWNER   360 WENDOVER     WMC EQUITY         2/1/98 
7030216  7030216WN    GONZALEZ      41,922.96       8.49     322.65   67.7      OWNER   360 WENDOVER     WMC EQUITY         3/1/98 
7030323  7030323WN    WILLIAMS     144,119.60       9.25   1,188.77   84.9      OWNER   360 WENDOVER     WMC EQUITY         2/1/98 
7030356  7030356WN    HULL         107,098.65       9.75     921.45   74.9      OWNER   360 WENDOVER     WMC EQUITY         3/1/98 
7030463  7030463WN    BREDOW       324,899.98       8.49   2,500.51   69.9      OWNER   360 WENDOVER     WMC EQUITY         3/1/98 
7030588  7030588WN    GABBAY       856,976.57       8.75   6,765.63   57.1      OWNER   360 WENDOVER     WMC EQUITY         5/1/98 
7030612  7030612WN    BUENA        114,201.07       8.75     899.99   79.9      OWNER   360 WENDOVER     WMC EQUITY         3/1/98 
7030638  7030638WN    LANG          71,898.38       9.75     618.6    89.9      OWNER   360 WENDOVER     WMC EQUITY         3/1/98 
7030778  7030778WN    ROBERTS      101,852.64       9.63     866.99   84.9      OWNER   360 WENDOVER     WMC EQUITY         3/1/98 
7030851  7030851WN    TOOMEY       119,768.85       8.25     901.52   74.9  NON OWNER   360 WENDOVER     WMC EQUITY         3/1/98 
7030901  7030901WN    HICKS        179,511.13       9.99   1,578.30   79.9      OWNER   360 WENDOVER     WMC EQUITY         2/1/98 
7030968  7030968WN    ARCHULETA    149,788.32       9.75   1,288.74   76.9      OWNER   360 WENDOVER     WMC EQUITY         3/1/98 
7034994  7034994WN    TVETER       206,776.03      10.99   1,969.75   89.9      OWNER   360 WENDOVER     WMC EQUITY         4/1/98 
7035066  7035066WN    MORAN        125,878.02      11.5    1,247.77   74.1      OWNER   360 WENDOVER     WMC EQUITY         3/1/98 
7035157  7035157WN    LOPEZ        214,584.64      10.25   1,926.68   89.9      OWNER   360 WENDOVER     WMC EQUITY         3/1/98 
7035249  7035249WN    DOSS          45,708.07      11.75     461.81   75        OWNER   360 WENDOVER     WMC EQUITY         3/1/98 
7036627  7036627WN    DEMARCO      201,281.99      10.99   1,917.41   65        OWNER   360 WENDOVER     WMC EQUITY         3/1/98 
7072721  7072721LB    PETERMAN     796,875.46      10.25   7,168.81   80        OWNER   360 AMERIQUEST   LONG BEACH MTG     4/1/98 
7123755  7123755LB    IVERY        626,632.28       9.75   5,412.67   77        OWNER   360 AMERIQUEST   LONG BEACH MTG     3/1/98 
7163876  7163876LB    KRAFT        549,722.74       9.99   4,840.12   80        OWNER   360 AMERIQUEST   LONG BEACH MTG     3/1/98 
7170426  7170426LB    REGOLO       672,395.83      10.99   6,419.72   75        OWNER   360 AMERIQUEST   LONG BEACH MTG     4/1/98 
                             ----------------                                                                                      
                  Balance    $ 126,323,238.21                                                                                       
                             ================                                                                                       
                  Loan Count            1,326                                                                                       

</TABLE>
  
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