Exhibit 99.2
First Alliance Mortgage Company
Series 1998-4
1998 - Annual Statement
DISTRIBUTION DOLLARS
ENDING
PERIOD CLASS CUST INTEREST PRINCIPAL BALANCE
199812 A-1 N/A N/A N/A
ENDING
PERIOD CLASS CUST INTEREST PRINCIPAL BALANCE
199812 A-2 N/A N/A N/A
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: $0.00
SUBORDINATION INCREASE: $0.00
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TOTAL PRINCIPAL DISTRIBUTION: $0.00 0.00
TOTAL INTEREST DISTRIBUTION: $0.00
LOAN PURCHASE PRICES
GROUP I: 0.00
GROUP II: 0.00
SUBORDINATION REDUCTION AMOUNT
GROUP I: 0.00
GROUP II: 0.00
CURRENT REALIZED LOSSES
GROUP I: 0.00
GROUP II: 0.00
CUMULATIVE REALIZED LOSSES
GROUP I: 0.00
GROUP II: 0.00
DELINQUENT MORTGAGE LOANS(includes loans in foreclosure and bankruptcy)
GROUP I:
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%
GROUP II:
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)
GROUP I: AGGREGATE
NUMBER LOAN BALANCE PERCENTAGE
0 $0.00 0.00%
GROUP II: AGGREGATE
NUMBER LOAN BALANCE PERCENTAGE
0 $0.00 0.00%
LOANS IN BANKRUPTCY(included in delinquencies above)
GROUP I: AGGREGATE
NUMBER LOAN BALANCE PERCENTAGE
0 $0.00 0.00%
GROUP II: AGGREGATE
NUMBER LOAN BALANCE PERCENTAGE
0 $0.00 0.00%
REO PROPERTIES(included in delinquencies above)
GROUP I: AGGREGATE
NUMBER LOAN BALANCE PERCENTAGE
0 $0.00 0.00%
GROUP II: AGGREGATE
NUMBER LOAN BALANCE PERCENTAGE
0 $0.00 0.00%
BOOK VALUE OF REO PROPERTY:
GROUP I: 0.00
GROUP II: 0.00