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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)
                                December 9, 1997

                         First Alliance Mortgage Company
             (Exact name of registrant as specified in its charter)

         California                  33-99604-07                95-2944875
(State or Other Jurisdiction       (Commission File           (I.R.S. Employer
      of Incorporation)                 Number)              Identification No.)

                                          
        17305 Von Karman Avenue                                  
           Irvine, California                                    92614-6203
(Address of Principal Executive Offices)                         (Zip Code)

        Registrant's telephone number, including area code (714) 224-8400

                                    No Change
          (Former name or former address, if changed since last report)

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Item 5.  Other Events.

     In connection with the offering of First Alliance Mortgage Company Mortgage
Loan  Asset  Backed  Certificates,  Series  1997-4,  described  in a  Prospectus
Supplement  dated as of  December  9, 1997,  certain  "Computational  Materials"
within the meaning of the May 20, 1994 Kidder,  Peabody No-Action Letter and the
February 17, 1995 Public Securities  Association No-Action Letter were furnished
to certain prospective investors.

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

         (a)  Not applicable

         (b)  Not applicable

         (c)  Exhibits:
            
               99.1 Computational  Materials  provided by Prudential  Securities
                    Incorporated in connection with sales efforts related to the
                    Registrant's securities.

               99.2 Computational  Materials  provided  by First  Union  Capital
                    Markets Corp. in  connection  with sales efforts  related to
                    the Registrant's securities.




                                   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.

                                            By: FIRST ALLIANCE MORTGAGE COMPANY,
                                                as Company

                                            By:  /s/ Brian Chisick
                                                 -------------------------------
                                            Name:  Brian Chisick
                                            Title: President

Dated:  December 9, 1997