<ARTICLE> 5 <CIK> 0000883369 <NAME> FIRST MORTGAGE CORPORATION <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> MAR-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 8,182 <SECURITIES> 0 <RECEIVABLES> 10,566 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 2,716 <DEPRECIATION> 2,052 <TOTAL-ASSETS> 80,445 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 4,963 <OTHER-SE> 22,032 <TOTAL-LIABILITY-AND-EQUITY> 80,445 <SALES> 0 <TOTAL-REVENUES> 21,074 <CGS> 0 <TOTAL-COSTS> 18,442 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 2,632 <INCOME-TAX> 1,101 <INCOME-CONTINUING> 1,531 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,531 <EPS-PRIMARY> 0.26 <EPS-DILUTED> 0.26