FIRST ALLIANCE
MORTGAGE LOAN TRUST
SERIES 1995-2
STATEMENT TO CERTIFICATEHOLDERS
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DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
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A-1 48,108,000.00 27,462,977.47 143,608.49 2,306,364.48 2,449,972.97 0.00 0.00 25,156,612.99
A-2 24,896,000.00 24,896,000.00 136,928.00 0.00 136,928.00 0.00 0.00 24,896,000.00
A-3 10,430,000.00 10,430,000.00 62,797.29 0.00 62,797.29 0.00 0.00 10,430,000.00
A-4 16,721,000.00 10,768,816.33 52,296.06 971,310.02 1,023,606.08 0.00 0.00 9,797,506.31
R 0.00 0.00 11,482.91 0.00 11,482.91 0.00 0.00 0.00
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TOTALS 100,155,000.00 73,557,793.80 407,112.75 3,277,674.50 3,684,787.24 0.00 0.00 70,280,119.30
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FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
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A-1 31846LAU0 570.860927 2.985127 47.941392 50.926519 522.919535 6.275000% 6.275000%
A-2 31846LAV8 1,000.000000 5.500000 0.000000 5.500000 1,000.000000 6.600000% 6.600000%
A-3 31846LAW6 1,000.000000 6.020833 0.000000 6.020833 1,000.000000 7.225000% 7.225000%
A-4 31846LAX4 644.029444 3.127568 58.089230 61.216798 585.940214 5.827500% 5.827500%
R 0.000000 0.114651 0.000000 0.114651 0.000000 0.000000% 0.000000%
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SELLER: First Alliance Mortgage Company ADMINISTRATOR: Erin Deegan
SERVICER: First Alliance Mortgage Company Bankers Trust Company
LEAD UNDERWRITER: Prudential Securities Incorporated 3 Park Plaza
RECORD DATE: October 31, 1996 Irvine, CA 92714
DISTRIBUTION DATE: November 20, 1996 FACTOR INFORMATION: (800) 735-7777
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(C) COPYRIGHT 1996 Bankers Trust Company
Page 1 of 4
FIRST ALLIANCE
MORTGAGE LOAN TRUST
SERIES 1995-2
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
Distribution Date: November 20, 1996
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DELINQUENCY ADVANCES MADE: 0.00
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 62,934.90
PLUS: ADDITIONAL SERVICING FEES: 0.00
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62,934.90
LESS: PERMITTED REDUCTIONS TO SERVICING FEES: (23,878.57)
----------------
39,056.33
LESS: UNCOLLECTED SERVICING FEES ACCRUED ON DELINQUENT LOANS: 0.00
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ACTUAL COLLECTED SERVICING FEES FOR CURRENT PERIOD: 39,056.33
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DELINQUENT* AND LOANS LOANS
FORECLOSURE LOAN 31-60 61-90 91+ IN IN
INFORMATION DAYS DAYS DAYS TOTAL REO FORECLOSURE
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GROUP 1 PRINCIPAL BALANCE 689,241.46 647,456.88 769,369.32 2,106,067.66 69,083.00 1,718,454.78
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PERCENTAGE OF POOL BALANCE 1.1097% 1.0424% 1.2387% 3.3909% 0.1112% 2.7668%
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NUMBER OF LOANS 9 8 11 28 1 22
PERCENTAGE OF LOANS 1.0181% 0.9050% 1.2443% 3.1674% 0.1131% 2.4887%
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GROUP 2 PRINCIPAL BALANCE 415,915.17 281,474.25 219,243.98 916,633.40 0.00 700,594.65
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PERCENTAGE OF POOL BALANCE 4.0418% 2.7353% 2.1306% 8.9077% 0.0000% 6.8082%
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NUMBER OF LOANS 4 4 2 10 0 8
PERCENTAGE OF LOANS 3.3333% 3.3333% 1.6667% 8.3333% 0.0000% 6.6667%
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*Note: Loans in foreclosure are included in the respective delinquency categories.
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BOOK VALUE OF REO PROPERTY: GROUP 1 76,670.82
GROUP 2 0.00
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SUBSTITUTION PRINCIPAL AMOUNT: GROUP 1 0.00
GROUP 2 0.00
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-----------------------------
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS GROUP 1 64,415,954.29
AS OF THE PRIOR DISTRIBUTION DATE: GROUP 2 11,105,925.77
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-----------------------------
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS GROUP 1 62,109,589.81
AS OF THE CURRENT DISTRIBUTION DATE: GROUP 2 10,290,391.04
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-----------------------------
CARRY-FORWARD AMOUNT: GROUP 1 0.00
GROUP 2 0.00
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PROJECTED NET MONTHLY EXCESS CASH FLOW: GROUP 1 141,019.61
GROUP 2 92,126.88
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(C) COPYRIGHT 1996 Bankers Trust Company
Page 2 of 4
FIRST ALLIANCE
MORTGAGE LOAN TRUST
SERIES 1995-2
STATEMENT TO CERTIFICATEHOLDERS
- -----------------------------------------------------------------------------------------------------------------------------------
Distribution Date: November 20, 1996
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------------------------------
NUMBER OF LOANS AS OF THE BEGINNING OF THE REMITTANCE PERIOD: GROUP 1 917
GROUP 2 129
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------------------------------
NUMBER OF LOANS AS OF THE END OF THE REMITTANCE PERIOD: GROUP 1 884
GROUP 2 120
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------------------------------
WEIGHTED AVERAGE COUPON AS OF THE CURRENT DISTRIBUTION DATE: GROUP 1 10.130938%
GROUP 2 10.066649%
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------------------------------
WEIGHTED AVERAGE COUPON AS OF THE NEXT DISTRIBUTION DATE: GROUP 1 10.109628%
GROUP 2 10.096837%
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------------------------------
CURTAILMENTS INCLUDED IN CURRENT DISTRIBUTION: GROUP 1 26,359.80
GROUP 2 2,058.49
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------------------------------
PREPAYMENTS IN FULL / UNSCHEDULED RECOVERIES OF PRINCIPAL GROUP 1 2,217,704.02
INCLUDED IN CURRENT DISTRIBUTION: GROUP 2 805,741.08
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------------------------------
AMOUNT OF EXCESS SPREAD SUPPORT TO THIS GROUP: GROUP 1 0.00
(FROM OTHER GROUP) GROUP 2 0.00
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------------------------------
TRUST TERMINATION PROCEEDS: GROUP 1 0.00
GROUP 2 0.00
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------------------------------
INSURED PAYMENTS: GROUP 1 0.00
GROUP 2 0.00
------------------------------
------------------------------
CERTIFICATE INSURER PREMIUM GROUP 1 7,848.62
GROUP 2 1,346.10
------------------------------
TOTAL: 9,194.72
==============================
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(C) COPYRIGHT 1996 Bankers Trust Company
Page 3 of 4
FIRST ALLIANCE
MORTGAGE LOAN TRUST
SERIES 1995-2
STATEMENT TO CERTIFICATEHOLDERS
- --------------------------------------------------------------------------------
Distribution Date: November 20, 1996
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SUBORDINATION TRACKING:
---------------------------------------------------------------------------------------------
PRIOR SUBORDINATION SUBORDINATION REALIZED CURRENT SPECIFIED
SUBORDINATED INCREASE REDUCTION LOSSES SUBORDINATED SUBORDINATED
AMOUNT AMOUNT AMOUNT AMOUNT AMOUNT
----------------------------------------------------------------------------------------------
GROUP 1 1,626,976.82 0.00 0.00 0.00 1,626,976.82 1,626,976.82
GROUP 2 337,109.44 155,775.29 0.00 0.00 492,884.73 492,884.73
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TOTAL 1,964,086.26 155,775.29 0.00 0.00 2,119,861.55 2,119,861.55
==============================================================================================
INTEREST ALLOCATION TRACKING:
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GROUP I GROUP II TOTAL
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Mortgage Loan Scheduled Interest 543,828.38 93,166.21 636,994.59
LESS: Non-Recoverable Advances (718.23) 0.00 (718.23)
LESS: Prepayment Interest Shorfall not covered by Servicing Fees 0.00 0.00 0.00
LESS: Accrued Servicing Fees (53,679.96) (9,254.94) (62,934.90)
LESS: Insurance Premium Due Certificate Insurer (7,848.62) (1,346.10) (9,194.72)
LESS: Trustee Fee (1,073.60) (185.10) (1,258.70)
LESS: Current Accrued Interest Due Certificateholders (343,333.78) (52,296.06) (395,629.84)
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Monthly Excess Spread Amounts 137,174.19 30,084.01 167,258.20
==========================================================================================================================
REALIZED LOSS TRACKING:
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GROUP I GROUP II
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REALIZED RECOVERED RECOVERED TOTAL REALIZED RECOVERED RECOVERED TOTAL
LOSSES DELINQUENCY SERVICING LOSSES DELINQUENCY SERVICING
ADVANCES ADVANCES ADVANCES ADVANCES
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Prior: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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 0.00 0.00 0.00 0.00
===========================================================================================================
SPECIAL LOAN TRACKING:
BANKRUPTCY PROCEEDINGS
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NUMBER PRINCIPAL
OF LOANS BALANCE
-----------------------------------------------------------------------------------------------------------
GROUP I GROUP II GROUP I GROUP II
Current: 0 0 0.00 0.00
Delinquent: 6 2 416,823.89 211,003.82
TOTAL: 6 2 416,823.89 211,003.82
===========================================================================================================
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(C) COPYRIGHT 1996 Bankers Trust Company
Page 4 of 4
FIRST ALLIANCE
MORTGAGE LOAN TRUST
SERIES 1995-2
STATEMENT TO CERTIFICATEHOLDERS
- -----------------------------------------------------------------------------------------------------------------------
Distribution Date: November 20, 1996
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THE SUM OF: GROUP 1 GROUP 2 TOTAL
------- ------- -----
SCHEDULED INTEREST: 543,828.38 93,166.21 636,994.59
LIQUIDATED INTEREST 0.00 0.00 0.00
INSURANCE INTEREST: 0.00 0.00 0.00
REPURCHASE INTEREST: 0.00 0.00 0.00
LESS: DELINQUENT INTEREST: 0.00 0.00 0.00
PLUS: DELINQUENCY ADVANCES ON MORTGAGE INTEREST: 0.00 0.00 0.00
LESS: ADVANCES DEEMED NON-RECOVERABLE BY SERVICER (718.23) 0.00 (718.23)
PLUS: INVESTMENT EARNINGS ON CERTIFICATE ACCOUNT 0.00 0.00 0.00
----------------------------------------------
PLUS: TOTAL INTEREST 543,110.15 93,166.21 636,276.36
PRINCIPAL COLLECTED: 2,306,364.48 815,534.73 3,121,899.21
INSURANCE PRINCIPAL PROCEEDS RECEIVED: 0.00 0.00 0.00
NET LIQUIDATION PROCEEDS: 0.00 0.00 0.00
LOAN PURCHASE PRICE AMOUNTS (Per P&S, Section 7.8 (vii)): 0.00 0.00 0.00
SUBSTITUTION AMOUNTS (Per P&S, Section 7.8 (vii)): 0.00 0.00 0.00
TRUST TERMINATION PROCEEDS: 0.00 0.00 0.00
----------------------------------------------
PLUS: TOTAL PRINCIPAL 2,306,364.48 815,534.73 3,121,899.21
SERVICING FEES (Net of Compensating Interest) 36,577.41 2,478.92 39,056.33
PREPAYMENT INTEREST SHORTFALL 17,102.55 6,776.02 23,878.57
TRUSTEE FEES: 1,073.60 185.10 1,258.70
INSURANCE PREMIUMS: 7,848.62 1,346.10 9,194.72
REIMBURSEMENT OF DELINQUENCY ADVANCES: 0.00 0.00 0.00
REIMBURSEMENTS OF SERVICING ADVANCES: 0.00 0.00 0.00
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LESS: TOTAL 62,602.18 10,786.14 73,388.32
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TOTAL AVAILABLE FUNDS: 2,786,872.45 897,914.80 3,684,787.25
==============================================
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(C) COPYRIGHT 1996 Bankers Trust Company
Page 1 of 1