FIRST ALLIANCE
MORTGAGE LOAN TRUST
SERIES 1995-2
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 48,108,000.00 23,883,125.65 124,888.84 1,663,811.79 1,788,700.63 0.00 0.00 22,219,313. 86
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 9,370,889.02 51,144.23 425,714.86 476,859.09 0.00 0.00 8,945,174.16
R 0.00 0.00 149,985.84 0.00 149,985.84 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS 100,155,000.00 68,580,014.67 525,744.21 2,089,526.65 2,615,270.85 0.00 0.00 66,490,488. 02
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------------------------------------------------------------------------------------------------------------------------------------
A-1 31846LAU0 496.448109 2.596010 34.584930 37.180939 461.863180 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 560.426351 3.058682 25.459892 28.518575 534.966459 6.140000% 5.890000%
R 0.000000 1.497537 0.000000 1.497537 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------
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: December 31, 1996 Irvine, CA 92714
DISTRIBUTION DATE: January 21, 1997 FACTOR INFORMATION: (800) 735-7777
- ------------------------------------------------------------------------------------------------------------------------------------
Page 1 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
FIRST ALLIANCE
MORTGAGE LOAN TRUST
SERIES 1995-2
STATEMENT TO CERTIFICATEHOLDERS
- -------------------------------------------------------------------------------------------------------------------------------
Distribution Date: January 21, 1997
- -------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY ADVANCES MADE: 54,005.35
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 58,916.56
PLUS: ADDITIONAL SERVICING FEES: 0.00
---------------
58,916.56
LESS: PERMITTED REDUCTIONS TO SERVICING FEES: 0.00
---------------
58,916.56
LESS: UNCOLLECTED SERVICING FEES ACCRUED ON DELINQUENT LOANS: (5,126.85)
---------------
ACTUAL COLLECTED SERVICING FEES FOR CURRENT PERIOD: 53,789.71
- -------------------------------------------------------------------------------------------------------------------------------
DELINQUENT* AND LOANS LOANS
FORECLOSURE LOAN 31-60 61-90 91+ IN IN
INFORMATION DAYS DAYS DAYS TOTAL REO FORECLOSURE
- -------------------------------------------------------------------------------------------------------------------------------
GROUP 1 PRINCIPAL BALANCE 656,208.33 689,692.29 1,108,577.42 2,454,478.04 113,946.79 1,813,032.13
- ----------------
PERCENTAGE OF POOL BALANCE 1.1090% 1.1656% 1.8735% 4.1480% 0.1926% 3.0640%
- -------------------------------------------------------------------------------------------------------------------------------
NUMBER OF LOANS 7 8 16 31 2 21
PERCENTAGE OF LOANS 0.8323% 0.9512% 1.9025% 3.6861% 0.2378% 2.4970%
- -------------------------------------------------------------------------------------------------------------------------------
GROUP 2 PRINCIPAL BALANCE 357,372.76 219,323.97 200,966.57 777,663.30 0.00 634,694.16
- ----------------
PERCENTAGE OF POOL BALANCE 3.7865% 2.3238% 2.1293% 8.2397% 0.0000% 6.8202%
- -------------------------------------------------------------------------------------------------------------------------------
NUMBER OF LOANS 4 2 3 9 0 8
PERCENTAGE OF LOANS 3.6697% 1.8349% 2.7523% 8.2569% 0.0000% 7.3394%
- -------------------------------------------------------------------------------------------------------------------------------
*Note: Loans in foreclosure are included in the respective delinquency
categories.
BOOK VALUE OF REO PROPERTY: ----------------------------
GROUP 1 123,809.66
GROUP 2 0.00
----------------------------
----------------------------
SUBSTITUTION PRINCIPAL AMOUNT: GROUP 1 0.00
GROUP 2 0.00
----------------------------
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS ----------------------------
AS OF THE PRIOR DISTRIBUTION DATE: GROUP 1 60,836,102.47
GROUP 2 9,863,773.75
----------------------------
----------------------------
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS GROUP 1 59,172,290.68
AS OF THE CURRENT DISTRIBUTION DATE: GROUP 2 9,438,058.89
----------------------------
CARRY-FORWARD AMOUNT: ----------------------------
GROUP 1 0.00
GROUP 2 0.00
----------------------------
PROJECTED NET MONTHLY EXCESS CASH FLOW: ----------------------------
GROUP 1 130,575.12
GROUP 2 29,033.01
----------------------------
- -------------------------------------------------------------------------------------------------------------------------------
(C) COPYRIGHT 1997 Bankers Trust Company
Page 2 of 4
FIRST ALLIANCE
MORTGAGE LOAN TRUST
SERIES 1995-2
STATEMENT TO CERTIFICATEHOLDERS
- ---------------------------------------------------------------------------------------------------------------
Distribution Date: January 21, 1997
- ---------------------------------------------------------------------------------------------------------------
-------------------------------
NUMBER OF LOANS AS OF THE BEGINNING OF THE REMITTANCE PERIOD: GROUP 1 866
GROUP 2 115
-------------------------------
-------------------------------
NUMBER OF LOANS AS OF THE END OF THE REMITTANCE PERIOD: GROUP 1 841
GROUP 2 109
-------------------------------
-------------------------------
WEIGHTED AVERAGE COUPON AS OF THE CURRENT DISTRIBUTION DATE: GROUP 1 10.091071%
GROUP 2 10.204509%
-------------------------------
-------------------------------
WEIGHTED AVERAGE COUPON AS OF THE NEXT DISTRIBUTION DATE: GROUP 1 10.083278%
GROUP 2 10.457536%
-------------------------------
-------------------------------
CURTAILMENTS INCLUDED IN CURRENT DISTRIBUTION: GROUP 1 13,940.02
GROUP 2 1,391.92
-------------------------------
-------------------------------
PREPAYMENTS IN FULL / UNSCHEDULED RECOVERIES OF PRINCIPAL GROUP 1 1,587,650.95
INCLUDED IN CURRENT DISTRIBUTION: GROUP 2 417,051.77
-------------------------------
-------------------------------
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 7,401.14
GROUP 2 1,171.36
-------------------------------
TOTAL: 8,572.50
===============================
- ------------------------------------------------------------------------------------------------------------------------------------
(C)COPYRIGHT 1997 Bankers Trust Company
Page 3 of 4
FIRST ALLIANCE
MORTGAGE LOAN TRUST
SERIES 1995-2
STATEMENT TO CERTIFICATEHOLDERS
- ----------------------------------------------------------------------------------------------------------------------------------
Distribution Date: January 21, 1997
- ----------------------------------------------------------------------------------------------------------------------------------
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
---------------------------------------------------------------------------------------------------------------
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
---------------------------------------------------------------------------------------------------------------
Mortgage Loan Scheduled Interest 511,584.51 83,879.14 595,463.65
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 (50,696.75) (8,219.81) (58,916.56)
LESS: Insurance Premium Due Certificate Insurer (7,401.14) (1,171.36) (8,572.50)
LESS: Trustee Fee (1,013.94) (164.40) (1,178.33)
LESS: Current Accrued Interest Due Certificateholders (324,614.14) (51,144.23) (375,758.37)
---------------------------------------------------------------------------------------------------------------
Monthly Excess Spread Amounts 126,806.51 23,179.34 149,985.85
===============================================================================================================
REALIZED LOSS TRACKING:
---------------------------------------------------------------------------------------------------------------
GROUP I GROUP II
---------------------------------------------------------------------------------------------------------------
REALIZED RECOVERED RECOVERED TOTAL REALIZED RECOVERED RECOVERED TOTAL
LOSSES DELINQUENCY SERVICING LOSSES DELINQUENCY SERVICING
ADVANCES ADVANCES ADVANCES ADVANCES
---------------------------------------------------------------------------------------------------------------
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
-------------------------------------------------------
NUMBER PRINCIPAL
OF LOANS BALANCE
-------------------------------------------------------
GROUP I GROUP II GROUP I GROUP II
Current: 0 0 0.00 0.00
Delinquent: 8 1 531,330.64 80,037.85
-------------------------------------------------------
TOTAL: 8 1 531,330.64 80,037.85
=======================================================
- ----------------------------------------------------------------------------------------------------------------------------------
(C) COPYRIGHT 1997 Bankers Trust Company
Page 4 of 4
FIRST ALLIANCE
MORTGAGE LOAN TRUST
SERIES 1995-2
STATEMENT TO CERTIFICATEHOLDERS
- --------------------------------------------------------------------------------
Distribution Date: January 21, 1997
- --------------------------------------------------------------------------------
THE SUM OF : GROUP 1 GROUP 2 TOTAL
------------- ----------- ------------
SCHEDULED INTEREST: 511,584.51 83,879.14 595,463.65
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: (42,888.79) (12,638.52) (55,527.31)
PLUS: DELINQUENCY ADVANCES ON MORTGAGE INTEREST: 38,908.02 11,492.44 50,400.46
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 506,551.70 82,733.06 589,284.76
PRINCIPAL COLLECTED: 1,663,811.79 425,714.86 2,089,526.65
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
--------------------------------------------
TOTAL: TOTAL PRINCIPAL 1,663,811.79 425,714.86 2,089,526.65
SERVICING FEES (Net of Compensating Interest) 46,715.98 7,073.73 53,789.71
PREPAYMENT INTEREST SHORTFALL 0.00 0.00 0.00
TRUSTEE FEES: 1,013.94 164.40 1,178.34
INSURANCE PREMIUMS: 7,401.14 1,171.36 8,572.50
REIMBURSEMENT OF DELINQUENCY ADVANCES: 0.00 0.00 0.00
REIMBURSEMENTS OF SERVICING ADVANCES: 0.00 0.00 0.00
--------------------------------------------
LESS TOTAL 55,131.06 8,409.49 63,540.55
--------------------------------------------
TOTAL AVAILABLE FUNDS: 2,115,232.43 500,038.43 2,615,270.86
============================================
- --------------------------------------------------------------------------------------------------------------
Page 1 of 1 (C)COPYRIGHT 1996 Bankers Trust Company