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 thereunto duly authorized. Access Financial Mortgage Loan Trust, 1996-1 (Registrant) By: Norwest Bank of Minnesota, N.A. Name: Kris Solie-Johnson Title: Corporate Trust Officer Access Financial Mortgage Loan Trust 1996-1 Norwest Bank Minnesota, N.A. Contact: Michele Latimer Securities Administration Services Reporting Month: February 1996 Phone: (410) 884-2100 11000 Broken Land Parkway Distribution Date: March 18, 1996 InvestorDirect: (800) 605-4167 Columbia, MD 21044-7800 Cover Page - Issuing Report Name Report Number ____________________________________________________________ __ ________________ Series Structure Summary 1 Class Distribution Summary 2 Class Distribution Per 1,000 of Original Balance 3 Class Principal Distribution 4 Class Interest Distribution 5 Fund Account Summary 6 Loss/Delinquency Detail 7 Collateral Summary 8 Access Financial Mortgage Loan Trust 1996-1 Norwest Bank Minnesota, N.A. Contact: Michele Latimer Securities Administration Services Reporting Month: February 1996 Phone: (410) 884-2100 11000 Broken Land Parkway Distribution Date: March 18, 1996 InvestorDirect: (800) 605-4167 Columbia, MD 21044-7800 Series Structure Summary - Issuing Aggregate Realized Aggregate Ending Class Original Principal Losses Principal Aggregate Interest Undistributed Principal Class Description Principal Type Interest Type Balance Pass Through Rate Balance Reduction Shortfall Principal Factor ____________________________________________________________ ____________________________________________________________ _______________________________________________ A-1 Senior Sequential Pay Fixed 44,000,000.00 5.70000000% 0.00 0.00 0.00 0.9622837009 A-2 Senior Sequential Pay Fixed 16,000,000.00 5.65000000% 0.00 0.00 0.00 1.0000000000 A-3 Senior Sequential Pay Fixed 20,000,000.00 5.80000000% 0.00 0.00 0.00 1.0000000000 A-4 Senior Sequential Pay Fixed 26,000,000.00 6.20000000% 0.00 0.00 0.00 1.0000000000 A-5 Senior Sequential Pay Fixed 13,588,000.00 7.05000000% 0.00 0.00 0.00 1.0000000000 A-6 Senior Sequential Pay Variable 55,452,000.00 4.79166670% 0.00 0.00 0.00 0.9875336051 B-Fixed Subordinate Sequential Pay Variable 153.58 3296018.20549551% 0.00 0.00 0.00 B-Vari Subordinate Sequential Pay Variable 737.64 365947.78232146% 0.00 0.00 0.00 305.9564828372 RU Residual Residual Residual 0.00 0.00000000% 0.00 0.00 0.00 0.0000000000 ____________________________________________________________ ____________________________________________________________ _______________________________________________ Totals 175,040,891.22 0.00 0.00 0.00 0.9902650165 Report 1 03/15/96 -- 10:28am Page 1 of 1 Access Financial Mortgage Loan Trust 1996-1 Norwest Bank Minnesota, N.A. Contact: Michele Latimer Securities Administration Services Reporting Month: February 1996 Phone: (410) 884-2100 11000 Broken Land Parkway Distribution Date: March 18, 1996 InvestorDirect: (800) 605-4167 Columbia, MD 21044-7800 Class Distribution Summary - Issuing Beginning Principal Ending Pass Through Principal Total Interest Total Principal Balance Principal Total Class Record Date Rate Balance Distribution Distribution Reduction Balance Distribution ____________________________________________________________ ____________________________________________________________ ____________________________________ A-1 02/29/1996 5.70000000% 44,000,000.00 209,000.00 1,659,517.16 0.00 42,340,482.84 1,868,517.16 A-2 02/29/1996 5.65000000% 16,000,000.00 75,333.33 0.00 0.00 16,000,000.00 75,333.33 A-3 02/29/1996 5.80000000% 20,000,000.00 96,666.67 0.00 0.00 20,000,000.00 96,666.67 A-4 02/29/1996 6.20000000% 26,000,000.00 134,333.33 0.00 0.00 26,000,000.00 134,333.33 A-5 02/29/1996 7.05000000% 13,588,000.00 79,829.50 0.00 0.00 13,588,000.00 79,829.50 A-6 02/29/1996 4.79166670% 55,452,000.00 221,422.92 691,286.53 0.00 54,760,713.47 912,709.45 B-Fixed 02/29/1996 153.58 0.00 0.00 0.00 421,988.98 0.00 B-Vari 02/29/1996 737.64 0.00 0.00 0.00 225,685.74 0.00 RU 02/29/1996 0.00000000% 0.00 0.00 0.00 0.00 0.00 0.00 ____________________________________________________________ ____________________________________________________________ ____________________________________ Totals 175,040,891.22 816,585.75 2,350,803.69 0.00 173,336,871.03 3,167,389.44 Report 2 03/15/96 -- 10:28am Page 1 of 1 Access Financial Mortgage Loan Trust 1996-1 Norwest Bank Minnesota, N.A. Contact: Michele Latimer Securities Administration Services Reporting Month: February 1996 Phone: (410) 884-2100 11000 Broken Land Parkway Distribution Date: March 18, 1996 InvestorDirect: (800) 605-4167 Columbia, MD 21044-7800 Class Distribution Per 1,000 of Original Balance - Issuing Total Other Total Interest Scheduled Principal Total Principal Principal Ending Distribution Principal Distribution Distribution Balance Principal Class Cusip Original Balance Factor Factor Factor Factor Reduction Factor ____________________________________________________________ ____________________________________________________________ _____________________________ A-1 003916AA1 44,000,000.00 4.75000000 5.21173682 22.91739409 37.71629909 0.00000000 0.9622837009 A-2 003916AB9 16,000,000.00 4.70833313 0.00000000 0.00000000 0.00000000 0.00000000 1.0000000000 A-3 003916AC7 20,000,000.00 4.83333350 0.00000000 0.00000000 0.00000000 0.00000000 1.0000000000 A-4 003916AD5 26,000,000.00 5.16666654 0.00000000 0.00000000 0.00000000 0.00000000 1.0000000000 A-5 003916AE3 13,588,000.00 5.87500000 0.00000000 0.00000000 0.00000000 0.00000000 1.0000000000 A-6 003916AF0 55,452,000.00 3.99305562 4.40932951 4.00043804 12.46639490 0.00000000 0.9875336051 B-Fixed N/A 153.58 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2747.6818596171 B-Vari N/A 737.64 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 305.9564828372 RU N/A 0.00 N/A N/A N/A N/A N/A N/A ____________________________________________________________ ____________________________________________________________ _____________________________ Totals 175,040,891.22 0.9902650165 Report 3 03/15/96 -- 10:28am Page 1 of 1 Access Financial Mortgage Loan Trust 1996-1 Norwest Bank Minnesota, N.A. Contact: Michele Latimer Securities Administration Services Reporting Month: February 1996 Phone: (410) 884-2100 11000 Broken Land Parkway Distribution Date: March 18, 1996 InvestorDirect: (800) 605-4167 Columbia, MD 21044-7800 Class Principal Distribution - Issuing Beginning Principal Ending Current Principal Scheduled Unscheduled Other Total Principal Balance Principal Undistributed Class Balance Principal Principal Accretion Principal Distribution Reduction* Balance Principal ____________________________________________________________ ____________________________________________________________ ____________________________________________ A-1 44,000,000.00 229,316.42 1,008,365.34 421,835.40 0.00 1,659,517.16 0.00 42,340,482.84 0.00 A-2 16,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 16,000,000.00 0.00 A-3 20,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 20,000,000.00 0.00 A-4 26,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 26,000,000.00 0.00 A-5 13,588,000.00 0.00 0.00 0.00 0.00 0.00 0.00 13,588,000.00 0.00 A-6 55,452,000.00 244,506.14 221,832.29 224,948.10 0.00 691,286.53 0.00 54,760,713.47 0.00 B-Fixed 153.58 0.00 0.00 (421,835.40) 0.00 0.00 0.00 421,988.98 0.00 B-Vari 737.64 0.00 0.00 (224,948.10) 0.00 0.00 0.00 225,685.74 0.00 RU 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ____________________________________________________________ ____________________________________________________________ ____________________________________________ Totals 175,040,891.22 473,822.56 1,230,197.63 (0.00) 0.00 2,350,803.69 0.00 173,336,871.03 0.00 *Principal Balance Reduction Realized Losses Principal Balance Reduction 0.00 Negative Amortization Principal Balance Reduction 0.00 Other 0.00 Report 4 03/15/96 -- 10:28am Page 1 of 1 Access Financial Mortgage Loan Trust 1996-1 Norwest Bank Minnesota, N.A. Contact: Michele Latimer Securities Administration Services Reporting Month: February 1996 Phone: (410) 884-2100 11000 Broken Land Parkway Distribution Date: March 18, 1996 InvestorDirect: (800) 605-4167 Columbia, MD 21044-7800 Class Interest Distribution - Issuing Beginning Negative Ending Principal/ Interest Amortization Principal/ Notional Interest Shortfall/ Other Interest Total Interest Notional Class Pass-Through Rate Balance Accrual (Recovery) Accretion Interest Reduction Distribution Balance ____________________________________________________________ ____________________________________________________________ _____________________________________________ A-1 5.70000000% 44,000,000.00 209,000.00 0.00 0.00 0.00 0.00 209,000.00 42,340,482.84 A-2 5.65000000% 16,000,000.00 75,333.33 0.00 0.00 0.00 0.00 75,333.33 16,000,000.00 A-3 5.80000000% 20,000,000.00 96,666.67 0.00 0.00 0.00 0.00 96,666.67 20,000,000.00 A-4 6.20000000% 26,000,000.00 134,333.33 0.00 0.00 0.00 0.00 134,333.33 26,000,000.00 A-5 7.05000000% 13,588,000.00 79,829.50 0.00 0.00 0.00 0.00 79,829.50 13,588,000.00 A-6 4.79166670% 55,452,000.00 221,422.92 0.00 0.00 0.00 0.00 221,422.92 54,760,713.47 B-Fixed 3296018.20549551% 153.58 421,835.40 0.00 421,835.40 0.00 0.00 0.00 421,988.98 B-Vari 365947.78232146% 737.64 224,948.10 0.00 224,948.10 0.00 0.00 0.00 225,685.74 RU 0.00000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ____________________________________________________________ ____________________________________________________________ _____________________________________________ Totals 1,463,369.25 0.00 646,783.50 0.00 0.00 816,585.75 Notes: Class A-6 Interest is accrued @ LIBOR = 5.375% over the applicable accrual period. Report 5 03/15/96 -- 10:28am Page 1 of 1 Access Financial Mortgage Loan Trust 1996-1 Norwest Bank Minnesota, N.A. Contact: Michele Latimer Securities Administration Services Reporting Month: February 1996 Phone: (410) 884-2100 11000 Broken Land Parkway Distribution Date: March 18, 1996 InvestorDirect: (800) 605-4167 Columbia, MD 21044-7800 Fund Account Summary - Issuing ____________________________________________________________ ____________________________________________________________ ______________________________________________________ Proceeds Account Beginning Balance 0.00 DEPOSITS: WITHDRAWALS: Interest Net of Servicing Fee 1,463,369.25 Interest Payments 816,585.75 Scheduled Principal 473,822.56 Scheduled Principal Payment 473,822.56 Other Principal 1,230,197.63 Other Principal Payments 1,876,981.13 Negative Amortization 0.00 Reserve Fund 1 0.00 Deposits from Reserve Fund 0.00 Fees and Expenses 0.00 Gain/Loss Adjustment 0.00 Other Withdrawals 0.00 Other Deposits 0.00 Total Deposit 3,167,389.44 Total Withdrawals 3,167,389.44 Ending Balance 0.00 ____________________________________________________________ ____________________________________________________________ ______________________________________________________ Report 6 03/15/96 -- 10:28am Page 1 of 1 Access Financial Mortgage Loan Trust 1996-1 Norwest Bank Minnesota, N.A. Contact: Michele Latimer Securities Administration Services Reporting Month: February 1996 Phone: (410) 884-2100 11000 Broken Land Parkway Distribution Date: March 18, 1996 InvestorDirect: (800) 605-4167 Columbia, MD 21044-7800 Loss/Delinquency Detail - Issuing Current Current Current Current Total Aggregate Aggregate Aggregate Aggregate Total Fraud Bankruptcy Special Hazard Credit Current Fraud Bankruptcy Special Hazard Credit Aggregate Pool # Losses Losses Losses Losses Losses Losses Losses Losses Losses Losses ____________________________________________________________ ____________________________________________________________ _________________________________________________ 1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ____________________________________________________________ ____________________________________________________________ _________________________________________________ Totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ____________________________________________________________ ____________________________________________________________ ________________________________________ 30 Days Delinquent 60 Days Delinquent 90 Days Delinquent Foreclosures REO's Totals Number Balance Number Balance Number Balance Number Balance Number Balance Number Balance 1 48 2,968,025.19 15 719,257.80 1 105,350.00 0 0.00 0 0.00 64 3,792,632.99 2 4 325,750.00 9 1,024,400.00 2 210,200.00 0 0.00 0 0.00 15 1,560,350.00 ____________________________________________________________ ____________________________________________________________ ________________________________________ Totals 52 3,293,775.19 24 1,743,657.80 3 315,550.00 0 0.00 0 0.00 79 5,352,982.99 Report 7 03/15/96 -- 10:28am Page 1 of 1 Access Financial Mortgage Loan Trust 1996-1 Norwest Bank Minnesota, N.A. Contact: Michele Latimer Securities Administration Services Reporting Month: February 1996 Phone: (410) 884-2100 11000 Broken Land Parkway Distribution Date: March 18, 1996 InvestorDirect: (800) 605-4167 Columbia, MD 21044-7800 Collateral Summary - Issuing Total| Pool 1 Pool 2 ____________________________________________________________ _____________________________________________ Monthly P&I Constant 2,025,635.86| 1,306,732.39 718,903.47 | Positive Amortization 473,822.56| 229,316.42 244,506.14 Negative Amortization 0.00| 0.00 0.00 Regular Curtailments 0.00| 0.00 0.00 Regular Curtailment Interest 0.00| 0.00 0.00 Prepaid Curtailments 0.00| 0.00 0.00 Prepaid Curtailment Interest 0.00| 0.00 0.00 Liquidations 1,230,197.63| 1,008,365.34 221,832.29 Principal Adjustments 0.00| 0.00 0.00 Total Principal Trust Distribution 1,704,020.19| 1,237,681.76 466,338.43 | Scheduled Interest 1,551,813.30| 1,077,415.97 474,397.33 Servicing Fee 61,594.00| 42,343.67 19,250.33 Master Servicing Fee 4,011.35| 2,740.56 1,270.79 Spread 0.00| 0.00 0.00 Total Pass-Through Interest 1,463,369.25| 1,016,998.23 446,371.02 | Beginning Balance 175,040,891.22| 119,588,153.58 55,452,737.64 Ending Balance 173,336,871.03| 118,350,471.82 54,986,399.21 Gross P&I Distribution 3,194,239.49| 2,272,754.06 921,485.43 Realized Losses/(Gains) 0.00| 0.00 0.00 Net P&I Trust Distribution 3,194,239.49| 2,272,754.06 921,485.43 | Beginning Loan Count 2444| 1904 540 Number of Loan Payoffs 14| 13 1 Ending Loan Count 2430| 1891 539 | Weighted Average Maturity 0.0000000000| 234.3300000000 347.6400000000 Weighted Average Gross Rate 0.000000000%| 11.123000000% 9.548800000% Weighted Average Net Rate 0.000000000%| 10.698100000% 9.132200000% Weighted Average Pass-Through Rate 0.000000000%| 10.515500000% 8.941300000% Weighted Average Margin 0.000000000%| 0.000000000% 5.953300000% | Advances on Delinquencies | Current Period Principal 0.00| 0.00 0.00 Current Period Interest 0.00| 0.00 0.00 | | Report 8 03/15/96 -- 10:28am Page 1 of 1