<ARTICLE> 5
<LEGEND>
This schedule contains financial information extracted from the Financial
Statement of Financial Condition at November 30, 1996 (Unaudited) and the
Statement of Income for the nine months ended November 30, 1996 (Unaudited) and
is qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000036548
<NAME> FIRST MORTGAGE CORPORATION
       
                                       
<PERIOD-TYPE>                              9-MOS
<FISCAL-YEAR-END>                          FEB-28-1996
<PERIOD-END>                               NOV-30-1996
<CASH>                                         443,562
<SECURITIES>                                         0
<RECEIVABLES>                                  107,441
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                             526
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                  38,023
<CURRENT-LIABILITIES>                              800
<BONDS>                                              0
<COMMON>                                        51,102
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     537,650
<TOTAL-LIABILITY-AND-EQUITY>                   589,552
<SALES>                                         80,754
<TOTAL-REVENUES>                                80,754
<CGS>                                                0
<TOTAL-COSTS>                                   80,672
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               3,752
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                        82
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0