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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    Form 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


                Date of Report (Date of earliest event reported)
                                 March 10, 1998



                         First Alliance Mortgage Company
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)




          California                    333-44585              95-2944875
- --------------------------------    ----------------       -------------------
(State or Other Jurisdiction of     (Commission File        (I.R.S. Employer
        Incorporation)                   Number)           Identification No.)

                                                    
         17305 Von Karman Avenue                                92614-6203
           Irvine, California                                   ------------ 
- ----------------------------------------                         (Zip Code)
(Address of Principal Executive Offices)            


        Registrant's telephone number, including area code (714) 224-8400

                                    No Change
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)

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Item 5.  Other Events.

         In connection with the offering of First Alliance Mortgage Company
Mortgage Loan Asset Backed Notes, Series 1998-1A, described in a Prospectus
Supplement dated as of March 10, 1998, certain "Computational Materials" within
the meaning of the May 20, 1994 Kidder, Peabody No-Action Letter and the
February 17, 1995 Public Securities Association No-Action Letter were furnished
to certain prospective investors.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

         (a)  Not applicable

         (b)  Not applicable

         (c)  Exhibits:


              99.1     Computational Materials provided by Prudential
                       Securities Incorporated in connection with sales
                       efforts related to the Registrant's securities.





                                   SIGNATURES


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                              By:  FIRST ALLIANCE MORTGAGE COMPANY,
                                   as Company



                              By:  /s/ Mark K. Mason
                                   ------------------------------------
                                   Name:   Mark K. Mason
                                   Title:  Executive Vice President and
                                           Chief Financial Officer

Dated:  March 10, 1998