Exhibit 22

Subsidiaries of Registrant

          The Company owns all of the outstanding stock of the subsidiaries
listed below, each of which is included in the Consolidated Financial
Statements of the Company. All other former subsidiaries of the Company were
either merged with and into the Company or a subsidiary of the Company listed
below.

          Name                                        State of Incorporation
          ----                                        ----------------------

Fawn Hollow, Inc.                                     Pennsylvania

FPA Mortgage Corporation                              Florida

FPA Mortgage Investments, Inc.                        Florida

FPA Voorhees, Inc.                                    New Jersey

Orleans Construction Corporation                      Pennsylvania

Orleans Corporation                                   Pennsylvania

Orleans Corporation of New Jersey                     New Jersey

Orleans Property Management Services Corp.            Pennsylvania

Quaker Sewer, Inc.                                    Pennsylvania

Timber Glen, Inc.                                     New Jersey

Versailles at Europa, Inc.                            New Jersey



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