SUBSEQUENT TRANSFER AGREEMENT

 SUBSEQUENT TRANSFER AGREEMENT

        AMRESCO    Residential   Securities   Corporation    (the
"Depositor"),  AMRESCO  Residential  Mortgage  Corporation   (the
"Seller"),   and   AMRESCO  Residential  Securities   Corporation
Mortgage  Loan  Trust 1996-2 (the "Purchaser")  pursuant  to  the
Pooling  and Servicing Agreement dated as of April 1, 1996  among
the Depositor, the Seller, Long Beach Mortgage Company and Option
One  Mortgage Corporation, as Servicer and Bankers Trust  Company
of  California,  N.A.,  as Trustee (the  "Pooling  and  Servicing
Agreement"), hereby confirm their understanding with  respect  to
the  sale by the Seller and the purchase by the Depositor and the
sale  by the Depositor and the purchase by the Purchaser of those
Mortgage  Loans (the "Subsequent Mortgage Loans") listed  on  the
attached Schedule of Mortgage Loans.

     Conveyance of Subsequent Mortgage Loans.  As of May 10, 1996
(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
April   1,  1996  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,  $43,667,102.83,  pursuant to this  Subsequent  Transfer
Agreement.

      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:
                              Name:
                              Title:

                         AMRESCO RESIDENTIAL MORTGAGE CORPORATION
                         as Seller

                         By:
                              Name:
                              Title:

                         AMRESCO RESIDENTIAL SECURITIES CORPORATION 
                         LOAN TRUST  1996-2,
                         by Bankers Trust Company of California,
                         N.A. as Trustee

                         By:
                              Name:
                              Title:

Dated:  May 10, 1996 

Basic Info X:

Name: SUBSEQUENT TRANSFER AGREEMENT
Type: Subsequent Transfer Agreement
Date: May 28, 1996
Company: AMRESCO RES SC CORP AMR RS SE CP MT LN TR 1996-2
State: New York

Other info:

Date:

  • April 1 , 1996
  • May 10 , 1996

Organization:

  • AMRESCO Residential Securities Corporation Mortgage Loan Trust
  • Subsequent Transfer Agreement
  • Bankers Trust Company of California

Location:

  • California
  • N.A.

Money:

  • $ 43,667,102.83

Percent:

  • one- hundred percent