Amresco Residential Securities Corp Mortgage Loan Tr 1997-2 – ‘8-K’ for 6/27/97

As of:  Friday, 7/11/97   ·   For:  6/27/97   ·   Accession #:  891092-97-256   ·   File #:  333-08687-03   ·   Correction:  This Filing was Corrected by the SEC on 7/11/97. ®

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         4     12K 
 2: EX-10.1     Subsequent Transfer Agreement                         46±   301K 

8-K   —   Current Report
Document Table of Contents

8-K
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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

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

Date of Report (Date of earliest event reported)
 June 27, 1997

 AMRESCO Residential Securities Corporation Mortgage Loan Trust 1997-2
 ---------------------------------------------------------------------
(Exact name of registrant as specified in its charter)

             New York                  333-08687-04        Application Pending
---------------------------------     ----------------      --------------------
(State or Other Jurisdiction of     (Commission File       (I.R.S. Employer 
          Incorporation)                  Number)          Identification No.)

c/o The Bank of New York                                                
101 Barclay Street                                              
New York, New York                                         10286
----------------------------------------                     -------------------
(Address of Principal Executive Offices)                         (Zip Code)     

 Registrant's telephone number, including area code (212) 485-1784

 N/A
 -------------------------------------------------------------
 (Former name or former address, if changed since last report)

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8-K
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Item 2. Acquisition or Disposition of Assets                                    

Description of the Conveyance of Subsequent Mortgage Loans                      

      On June 27, 1997, AMRESCO Residential Securities Corporation Mortgage Loan
Trust 1997-2 (the "Trust") acquired $81,526,303.63 of Subsequent Mortgage Loans 
pursuant to the terms of the Pooling and Servicing Agreement dated as of June 1,
1997, between AMRESCO Residential Capital Markets, Inc., as Seller, AMRESCO     
Residential Securities Corporation, as Depositor, Option One Mortgage           
Corporation, as a Servicer, Advanta Mortgage Corp. USA, as a Servicer and       
Ameriquest Mortgage Company, as a Servicer and The Bank of New York, in its     
capacity as Trustee (the "Pooling and Servicing Agreement") and a Subsequent    
Transfer Agreement among AMRESCO Residential Capital Markets, Inc., as Seller,  
AMRESCO Residential Securities Corporation, as Depositor and the Trust, as      
purchaser, dated June 27, 1997 (the "Subsequent Transfer Agreement"). The       
Subsequent Mortgage Loans possess the characteristics required by the Prospectus
dated July 28, 1996 and the Prospectus Supplement dated June 5, 1997, filed     
pursuant to Rule 424(b)(5) of the Act on June 12, 1997. The Schedules of        
Subsequent Mortgage Loans are attached to the Subsequent Transfer Agreement.    

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

(a)   Not applicable                                                            

(b)   Not applicable                                                            

(c)   Exhibits:                                                                 

10.1  Subsequent Transfer Agreement dated as of June 27, 1997, among
         AMRESCO Residential Securities Corporation, as Depositor, AMRESCO
            Residential Capital Markets, Inc., as Seller and AMRESCO Residential
           Securities Corporation Mortgage Loan Trust 1997-2 as the Purchaser.

8-K
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SIGNATURES

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

                AMRESCO RESIDENTIAL SECURITIES
                        CORPORATION MORTGAGE LOAN TRUST 1997-2

                                 By: AMRESCO Residential Securities Corporation,
      as Depositor

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

Dated: July 9, 1997                                                             

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on / Corrected on:		7/11/97
		7/9/97		4
For Period End:		6/27/97		1		3			8-K
		6/12/97		2					8-K,  8-K/A
		6/5/97		2
		6/1/97		2
		7/28/96		2
									List all Filings