EXHIBIT 99
FIRST ALLIANCE
MORTGAGE LOAN TRUST
SERIES 1995-1
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ------------------------------------------------------------------------------------------------------------------------------
A-1 10,580,000.00 97,893.42 575.12 97,893.42 98,468.54 0.00 0.00 0.00
A-2 20,081,000.00 20,081,000.00 123,832.83 1,257,237.67 1,381,070.50 0.00 0.00 18,823,762.33
A-3 2,250,000.00 2,250,000,00 15,046.88 0.00 15,046.88 0.00 0.00 2,250,000.00
A-4 34,833,000.00 21,957,622.79 112,265.97 1,696,535.65 1,808,801.62 0.00 0.00 20,261,087.14
R 0.00 0.00 149,624.46 0.00 149,624.46 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------
TOTALS 67,744,000.00 44,386,516.21 401,345.26 3,051,666.75 3,453,012.01 0.00 0.00 41,334,849.47
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
RATES
PRIOR CURRENT
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------------------------------------------------------------------------------------------------------------------------------------
A-1 31846LAQ9 9.252686 0.054359 9.252686 9.307045 0.000000 7.050000% 7.050000%
A-2 31846LAR7 1,000.000000 6.166667 62.608320 68.774987 937.391680 7.400000% 7.400000%
A-3 31846LAS5 1,000.000000 6.687502 0.000000 6.687502 1,000.000000 8.025000% 8.025000%
A-4 31846LAT3 630.368409 3.222977 48.704839 51.927816 581.663570 5.937500% 6.000000%
R 0.000000 2.208675 0.000000 2.208675 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
SELLER: First Alliance Mortgage Company ADMINISTRATOR: Jason Rosiak
SERVICER: First Alliance Mortgage Company Bankers Trust Company
LEAD UNDERWRITER: Prudential Securities Incorporated 3 Park Plaza
RECORD DATE: May 31, 1996 Irvine, CA 92714
DISTRIBUTION DATE: June 20, 1996 FACTOR INFORMATION: (800) 735-7777
- ------------------------------------------------------------------------------------------------------------------------------------
Page 1 of 4
FIRST ALLIANCE
MORTAGE LOAN TRUST
SERIES 1995-1
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: June 20, 1996
- -------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY ADVANCES MADE: 61,113.45
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 28,649.10
PLUS: ADDITIONAL SERVICING FEES: 0.00
---------
28,649.10
LESS: PERMITTED REDUCTIONS TO SERVICING FEES: 0.00
---------
28,649.10
LESS: UNCOLLECTED SERVICING FEES ACCRUED ON DELINQUENT LOANS: (3,269.04)
---------
ACTUAL COLLECTED SERVICING FEES FOR CURRENT PERIOD: 25,380.06
- -------------------------------------------------------------------------------------------------------------------------------
DELINQUENT* AND LOANS LOANS
FORECLOSURE LOAN 31-60 61-90 91+ IN IN
INFORMATION DAYS DAYS DAYS TOTAL REO FORECLOSURE
- -------------------------------------------------------------------------------------------------------------------------------
GROUP 1 PRINCIPAL BALANCE 406,237.37 71,295.73 456,605.27 934,138.37 0.00 637,594.97
PERCENTAGE OF POOL BALANCE 1.8736% 0.3288% 2.1059% 4.3082% 0.0000% 2.9406%
- -------------------------------------------------------------------------------------------------------------------------------
NUMBER OF LOANS 8 2 7 17 0 13
PERCENTAGE OF LOANS 2.1798% 0.5450% 1.9074% 4.6322% 0.0000% 3.5422%
- -------------------------------------------------------------------------------------------------------------------------------
GROUP 2 PRINCIPAL BALANCE 1,004,615.51 346,591.04 1,382,065.36 2,733,271.91 52,857.58 2,296,634.79
PERCENTAGE OF POOL BALANCE 4.7852% 4.7852% 6.5830% 16.1533% 0.2518% 10.9393%
- -------------------------------------------------------------------------------------------------------------------------------
NUMBER OF LOANS 11 5 15 31 1 28
PERCENTAGE OF LOANS 4.2636% 4.2636% 5.8140% 14.3411% 0.3876% 10.8527%
- -------------------------------------------------------------------------------------------------------------------------------
*Note: Loans in foreclosure are included in the respective delinquency
categories.
-------------------------------
BOOK VALUE OF REO PROPERTY: GROUP 1 0.00
GROUP 2 59,346.59
-------------------------------
-------------------------------
SUBSTITUTION OF PRINCIPAL AMOUNT: GROUP 1 0.00
GROUP 2 0.00
-------------------------------
-------------------------------
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS GROUP 1 23,037,748.24
AS OF THE BEGINNING OF THE REMITTANCE PERIOD: GROUP 2 22,690,952.64
-------------------------------
-------------------------------
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS GROUP 1 21,682,617.15
AS OF THE END OF THE REMITTANCE PERIOD: GROUP 2 20,994,416.99
-------------------------------
-------------------------------
CARRY-FORWARD AMOUNT: GROUP 1 0.00
GROUP 2 0.00
-------------------------------
-------------------------------
PROJECTED NET MONTHLY EXCESS CASH FLOW: GROUP 1 70,834.57
GROUP 2 93,833.92
-------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
Page 2 of 4
FIRST ALLIANCE
MORTAGE LOAN TRUST
SERIES 1995-1
STATEMENT TO CERTIFICATEHOLDERS
- ---------------------------------------------------------------------------------------------------------------------------------
Distribution Date: June 20, 1996
- ---------------------------------------------------------------------------------------------------------------------------------
-------------------------------
NUMBER OF LOANS AS OF THE BEGINNING OF THE REMITTANCE PERIOD: GROUP 1 390
GROUP 2 280
-------------------------------
-------------------------------
NUMBER OF LOANS AS OF THE END OF THE REMITTANCE PERIOD: GROUP 1 367
GROUP 2 258
-------------------------------
-------------------------------
WEIGHTED AVERAGE COUPON AS OF THE CURRENT DISTRIBTUION DATE: GROUP 1 11.900671%
GROUP 2 10.993211%
-------------------------------
-------------------------------
WEIGHTED AVERAGE COUPON AS OF THE NEXT DISTRIBUTION DATE: GROUP 1 11.886913%
GROUP 2 11.092404%
-------------------------------
-------------------------------
CURTAILMENTS INCLUDED IN CURRENT DISTRIBUTION: GROUP 1 4,300.26
GROUP 2 13,405.27
-------------------------------
-------------------------------
PREPAYMENTS IN FULL/UNSCHEDULED RECOVERIES OF PRINCIPAL GROUP 1 1,326,790.56
INCLUDED IN CURRENT DISTRIBUTION: GROUP 2 1,670,894.00
-------------------------------
-------------------------------
AMOUNT OF EXCESS SPREAD SUPPORT TO THIS GROUP: GROUP 1 0.00
(FROM OTHER GROUP) GROUP 2 0.00
-------------------------------
-------------------------------
TRUST TERMINATION PROCEEDS: GROUP 1 0.00
GROUP 2 0.00
-------------------------------
-------------------------------
INSURED PAYMENTS: GROUP 1 0.00
GROUP 2 0.00
-------------------------------
-------------------------------
CERTIFICATE INSURER PREMIUM PAYMENT: GROUP 1 3,184.90
GROUP 2 3,117.98
-------------------------------
TOTAL: 6,302.89
===============================
Page 3 of 4
FIRST ALLIANCE
MORTAGE LOAN TRUST
SERIES 1995-1
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
Distribution Date: June 20, 1996
- ------------------------------------------------------------------------------------------------------------------------------------
SUBORDINATION TRACKING:
PRIOR SUBORDINATION SUBORDINATION CURRENT SPECIFIED
SUBORDINATED INCREASE REDUCTION REALIZED SUBORDINATED SUBORDINATED
AMOUNT AMOUNT AMOUNT LOSSES AMOUNT AMOUNT
- ------------------------------------------------------------------------------------------------------------------
GROUP 1 608,854.82 0.00 0.00 0.00 608,854.82 608,854.82
GROUP 2 733,329.85 0.00 0.00 0.00 733,329.85 733,329.85
- ------------------------------------------------------------------------------------------------------------------
TOTAL 1,342,184.67 0.00 0.00 0.00 1,342,184.67 1,342,184.67
==================================================================================================================
INTEREST ALLOCATION TRACKING:
GROUP I GROUP II TOTAL
- ------------------------------------------------------------------------------------------------------------------------------------
Mortgage Loan Scheduled Interest (GRP I adjusted for curtailments) 228,425.23 207,872.03 436,297.26
LESS: Accrued Servicing Fees (GRP I adjusted for curtailments) (19,194.54) (9,454.56) (28,649.10)
LESS: GRP I Insurance Premium Due Certificate Insurer (3,184.90) (3,117.98) (6,302.89)
LESS: Current Accrued Interest Due Certificateholders (139,454.83) (112,265.97) (251,720.80)
- ------------------------------------------------------------------------------------------------------------------------------------
Monthly Excess Spread Amounts 66,590.96 83,033.52 149,624.47
====================================================================================================================================
REALIZED LOSS TRACKING:
GROUP 1 GROUP 2
-------------------------------------------------- ----------------------------------------------------
RECOVERD RECOVERED RECOVERED RECOVERED
REALIZED DELINQUENCY SERVICING REALIZED DELINQUENCY SERVICING
LOSSES ADVANCES ADVANCES TOTAL LOSSES ADVANCES ADVANCES TOTAL
-------------------------------------------------- ----------------------------------------------------
Prior: 0.00 0.00 0.00 0.00 6,248.60 0.00 0.00 6,248.60
Current: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
-------------------------------------------------- ----------------------------------------------------
Cumulative: 0.00 0.00 0.00 0.00 6,248.60 0.00 0.00 6,248.60
================================================== ====================================================
SPECIAL LOAN TRACKING:
-----------------------------------------------
BANKRUPTCY PROCEEDINGS
-----------------------------------------------
NUMBER PRINCIPAL
OF LOANS BALANCE
------------------- ----------------------
GROUP I GROUP II GROUP I GROUP II
Current: 4 3 272,059.58 366,477.20
Delinquent: 0 0 0.00 0.00
-----------------------------------------------
TOTAL: 4 3 272,059.58 366,477.20
===============================================
Page 4 of 4