Exhibit 99.2 (b)
KPMG Peat Marwick LLP
      Center Tower
      650 Town Center Drive
      Costa Mesa, CA  92626




                 INDEPENDENT ACCOUNTANT'S REPORT

                                
A.   The Board of Directors
Option One Mortgage Corporation:

We have examined management's assertion about Option One Mortgage
Corporation's (the Company) compliance with the minimum servicing
standards identified in the Mortgage Bankers Association of
America's Uniform Single Attestation Program for Mortgage Bankers
(USAP) as of and for the year ended December 31, 1996.
Management is responsible for the Company's compliance with those
minimum servicing standards.  Our responsibility is to express an
opinion on management's assertion about the Company's compliance
based on our examination.

Our examination was made in accordance with standards established
by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence about
the Company's compliance with the minimum servicing standards and
performing such other procedures, as we considered necessary in
the circumstances.  We believe that our examination provides a
reasonable basis for our opinion.  Our examination does not
provide a legal determination on the Company's compliance with
the minimum servicing standards.

In our opinion, management's assertion that Option One Mortgage
Corporation complied with the aforementioned minimum servicing
standards as of and for the year ended December 31, 1996 is
fairly stated, in all material respects.


\s\ KPMG Peat Marwick LLP


February 18, 1997