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 25,156,612.99 131,548.12 1,273,487.34 1,405,035.46 0.00 0.00 23,883,125.65
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 9,797,506.31 47,579.14 426,617.29 474,196.43 0.00 0.00 9,370,889.02
R 0.00 0.00 159,608.13 0.00 159,608.13 0.00 0.00 0.00
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TOTALS 100,155,000.00 70,280,119.30 538,460.68 1,700,104.63 2,238,565.31 0.00 0.00 68,580,014.67
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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 522.919535 2.734433 26.471426 29.205859 496.448109 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 585.940214 2.845472 25.513862 28.359334 560.426351 5.827500% 6.140000%
R 0.000000 1.593611 0.000000 1.593611 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: November 29, 1996 Irvine, CA 92714
DISTRIBUTION DATE: December 20, 1996 FACTOR INFORMATION: (800) 735-7777
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Page 1 of 4 (C) COPYRIGHT 1996 Bankers Trust Company
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Distribution Date: December 20, 1996
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DELINQUENCY ADVANCES MADE: 0.00
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 60,333.32
PLUS: ADDITIONAL SERVICING FEES: 0.00
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60,333.32
LESS: PERMITTED REDUCTIONS TO SERVICING FEES: (7,051.37)
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53,281.95
LESS: UNCOLLECTED SERVICING FEES ACCRUED ON DELINQUENT LOANS: 0.00
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ACTUAL COLLECTED SERVICING FEES FOR CURRENT PERIOD: 53,281.95
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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 1,043,322.37 502,087.88 1,153,749.10 2,699,159.35 113,946.79 2,114,511.60
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PERCENTAGE OF POOL BALANCE 1.7150% 0.8253% 1.8965% 4.4368% 0.1873% 3.4758%
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NUMBER OF LOANS 13 6 13 32 2 23
PERCENTAGE OF LOANS 1.5012% 0.6928% 1.5012% 3.6952% 0.2309% 2.6559%
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GROUP 2 PRINCIPAL BALANCE 279,231.46 264,021.39 412,382.23 955,635.08 0.00 605,164.59
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PERCENTAGE OF POOL BALANCE 2.8309% 2.6767% 4.1808% 9.6883% 0.0000% 6.1352%
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NUMBER OF LOANS 3 2 5 10 0 7
PERCENTAGE OF LOANS 2.6087% 1.7391% 4.3478% 8.6957% 0.0000% 6.0870%
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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 1 123,809.66
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 62,109,589.81
AS OF THE PRIOR DISTRIBUTION DATE: GROUP 2 10,290,391.04
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----------------------------
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS GROUP 1 60,836,102.47
AS OF THE CURRENT DISTRIBUTION DATE: GROUP 2 9,863,773.75
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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 1 137,174.19
GROUP 2 155,775.29
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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
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Distribution Date: December 20, 1996
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NUMBER OF LOANS AS OF THE BEGINNING OF THE REMITTANCE PERIOD: GROUP 1 884
GROUP 2 120
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---------------------
NUMBER OF LOANS AS OF THE END OF THE REMITTANCE PERIOD: GROUP 1 866
GROUP 2 115
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---------------------
WEIGHTED AVERAGE COUPON AS OF THE CURRENT DISTRIBUTION DATE: GROUP 1 10.109628%
GROUP 2 10.096837%
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---------------------
WEIGHTED AVERAGE COUPON AS OF THE NEXT DISTRIBUTION DATE: GROUP 1 10.091071%
GROUP 2 10.204509%
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---------------------
CURTAILMENTS INCLUDED IN CURRENT DISTRIBUTION: GROUP 1 111,916.68
GROUP 2 1,450.15
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---------------------
PREPAYMENTS IN FULL / UNSCHEDULED RECOVERIES OF PRINCIPAL GROUP 1 1,099,836.67
INCLUDED IN CURRENT DISTRIBUTION: GROUP 2 417,621.24
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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
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---------------------
CERTIFICATE INSURER PREMIUM PAYMENT: GROUP 1 7,560.33
GROUP 2 1,224.69
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TOTAL: 8,785.01
=====================
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Page 3 of 4
FIRST ALLIANCE
MORTGAGE LOAN TRUST
SERIES 1995-2
STATEMENT TO CERTIFICATEHOLDERS
- --------------------------------------------------------------------------------
Distribution Date: December 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 2 492,884.73 0.00 0.00 0.00 492,884.73 492,884.73
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TOTAL 2,119,861.55 0.00 0.00 0.00 2,119,861.55 2,119,861.55
=================================================================================================
INTEREST ALLOCATION TRACKING:
GROUP I GROUP II TOTAL
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Mortgage Loan Scheduled Interest 523,254.05 86,583.67 609,837.72
LESS: Non-Recoverable Advances (1,052.04) 0.00 (1,052.04)
LESS: Prepayment Interest Shorfall not covered by Servicing Fees 0.00 0.00 0.00
LESS: Accrued Servicing Fees (51,757.99) (8,575.33) (60,333.32)
LESS: Insurance Premium Due Certificate Insurer (7,560.33) (1,224.69) (8,785.01)
LESS: Trustee Fee (1,035.16) (171.51) (1,206.67)
LESS: Current Accrued Interest Due Certificateholders (331,273.41) (47,579.14) (378,852.55)
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Monthly Excess Spread Amounts 130,575.12 29,033.01 159,608.12
=================================================================================================================
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
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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: 8 2 531,632.57 211,003.82
TOTAL: 8 2 531,632.57 211,003.82
==============================================================
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Page 4 of 4 (C) COPYRIGHT 1996 Bankers Trust Company
FIRST ALLIANCE
MORTGAGE LOAN TRUST
SERIES 1995-2
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------
Distribution Date: December 20, 1996
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THE SUM OF: GROUP 1 GROUP 2 TOTAL
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SCHEDULED INTEREST: 523,254.05 86,583.67 609,837.72
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 (1,052.04) 0.00 (1,052.04)
PLUS: INVESTMENT EARNINGS ON CERTIFICATE ACCOUNT 0.00 0.00 0.00
-------------------------------------------
PLUS: TOTAL INTEREST 522,202.01 86,583.67 608,785.68
PRINCIPAL COLLECTED: 1,273,487.34 426,617.29 1,700,104.63
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 1,273,487.34 426,617.29 1,700,104.63
SERVICING FEES (Net of Compensating Interest) 46,657.10 6,624.85 53,281.95
PREPAYMENT INTEREST SHORTFALL 5,100.89 1,950.48 7,051.37
TRUSTEE FEES: 1,035.16 171.51 1,206.67
INSURANCE PREMIUMS: 7,560.33 1,224.69 8,785.01
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 60,353.48 9,971.53 70,325.00
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TOTAL AVAILABLE FUNDS: 1,735,335.87 503,229.43 2,238,565.31
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Page 1 of 1 (C) COPYRIGHT 1996 Bankers Trust Company