Exhibit 99.2
First Alliance Mortgage Loan Trust
Mortgage Loan Asset Backed Notes Series 1999-4
1999 - Annual Statement
DISTRIBUTION DOLLARS
ENDING
PERIOD CLASS INTEREST PRINCIPAL BALANCE
------ -------- --------------- --------------- ---------------
199912 A-1 N/A N/A $28,000,000.00
ENDING
PERIOD CLASS INTEREST PRINCIPAL BALANCE
------ -------- --------------- --------------- ---------------
199912 A-2 N/A N/A $75,075,000.00
Total Class R Certificates: $0.00
Factor Information Per $1,000
PRINCIPAL INTEREST ENDING NOTE INIT NOTE CURR NOTE
CLASS DISTRIBUTION DISTRIBUTION BALANCE RATE RATE
- -------- ------------ ------------ ------------ ------------ ------------
A-1 N/A N/A N/A N/A N/A
A-2 N/A N/A N/A N/A N/A
Per $1,000
NOTE DISTRIBUTION: $0.00 0.00
SCHEDULED PRINCIPAL: $0.00
PREPAYMENTS & PREFUNDING ACT. REMAINDER: $0.00
SUBORDINATION INCREASE: $0.00
-------------------
TOTAL PRINCIPAL DISTRIBUTION: $0.00 0.00
TOTAL INTEREST DISTRIBUTION: $0.00
LOAN PURCHASE PRICES
A-1 RATE NOTE: $0.00
A-2 RATE NOTE: $0.00
SUBORDINATION REDUCTION AMOUNT
A-1 RATE NOTE: $0.00
A-2 RATE NOTE: $0.00
CURRENT REALIZED LOSSES
A-1 RATE NOTE: $0.00
A-2 RATE NOTE: $0.00
CUMULATIVE REALIZED LOSSES
A-1 RATE NOTE: $0.00
A-2 RATE NOTE: $0.00
DELINQUENT MORTGAGE LOANS(includes loans in foreclosure and bankruptcy):
A-1 RATE NOTE
-------------
AGGREGATE
CATEGORY NUMBER LOAN BALANCE PERCENTAGE
30-59 DAYS 0 $0.00 0.00%
60-89 DAYS 0 $0.00 0.00%
90+ DAYS 0 $0.00 0.00%
A-2 RATE NOTE
-------------
AGGREGATE
CATEGORY NUMBER LOAN BALANCE PERCENTAGE
30-59 DAYS 0 $0.00 0.00%
60-89 DAYS 0 $0.00 0.00%
90+ DAYS 0 $0.00 0.00%
LOANS IN FORECLOSURE(included in delinquencies above):
A-1 RATE NOTE
-------------
AGGREGATE
NUMBER LOAN BALANCE PERCENTAGE
0 $0.00 0.00%
A-2 RATE NOTE
-------------
AGGREGATE
NUMBER LOAN BALANCE PERCENTAGE
0 $0.00 0.00%
LOANS IN BANKRUPTCY(included in delinquencies above):
A-1 RATE NOTE
-------------
AGGREGATE
NUMBER LOAN BALANCE PERCENTAGE
0 $0.00 0.00%
A-2 RATE NOTE
-------------
AGGREGATE
NUMBER LOAN BALANCE PERCENTAGE
0 $0.00 0.00%
REO PROPERTIES(included in delinquencies above):
A-1 RATE NOTE
-------------
AGGREGATE
NUMBER LOAN BALANCE PERCENTAGE
0 $0.00 0.00%
A-2 RATE NOTE
-------------
AGGREGATE
NUMBER LOAN BALANCE PERCENTAGE
0 $0.00 0.00%
ENDING AGGREGATE LOAN BALANCE
A-1 RATE NOTE: $0.00
A-2 RATE NOTE: $0.00
BOOK VALUE OF REO PROPERTY:
A-1 RATE NOTE: $0.00
A-2 RATE NOTE: $0.00