Exhibit 23.1



                       CONSENT OF INDEPENDENT ACCOUNTANTS



We consent to the incorporation by reference in the Prospectus Supplement of
First Alliance Mortgage Loan Trust 1998-1F, dated March 10, 1998, of our report
dated February 3, 1997, on our audits of the consolidated financial statements
of MBIA Insurance Corporation and Subsidiaries as of December 31, 1996 and 1995
and for each of the three years in the period ended December 31, 1996. We also
consent to the reference to our firm under the caption "Report of Experts" in
such Prospectus Supplement.



                                      /s/ Coopers & Lybrand L.L.P.
                                      -----------------------------
                                      Coopers & Lybrand L.L.P.



New York, New York
March 13, 1998