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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)
                                  June 8, 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                            
           Irvine, California                                 92614-6203  
- ----------------------------------------                      ---------- 
(Address of Principal Executive Offices)                      (Zip Code)     
                                                             

        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 Loan Trust
1998-2, Adjustable Rate Mortgage Loan, Asset Backed Notes, Series 1998-2A and
Fixed Rate Mortgage Loan, Asset Backed Notes, Series 1998-2F, described in a
Prospectus Supplement dated as of June 12, 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 First Union Capital Markets
             Corp. 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/ Brian Chisick
                                                    -----------------------
                                            Name:   Brian Chisick
                                            Title:  Chief Executive Officer
                                     
                        
Dated: June 10, 1998