Exhibit 99.1

FIRST ALLIANCE MORTGAGE EQUITY TRUST 1997-1
OFFICER'S CERTIFICATE OF COMPLIANCE


Pursuant to the terms of the Pooling and Servicing Agreement dated as of March
1, 1997 among First Alliance Mortgage Company as Seller and Servicer and The
Chase Manhattan Bank as Trustee, I have reviewed the activities of the Servicer
during the year ended December 31, 1997. I have also reviewed its performance
under the Pooling and Servicing Agreement and to the best of my knowledge, based
on such review, the Servicer has fulfilled all its obligations under the
Agreement throughout such period.


By:     /s/ Brian Chisick
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Name:   Brian Chisick
Title:  President and Chief Executive Officer