<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